A corporate centre is unveiled by Reliance Group to support Vision 2030’s growth strategy

As a crucial part of its Vision 2030 strategy, the Reliance Group has launched the Reliance Group Corporate Centre (RGCC). Announced on Sunday, November 17, RGCC is designed to drive the Group’s expansion into new opportunities, foster innovation, and explore diversification avenues. This initiative aligns with the Group’s goal of navigating emerging markets while delivering value to stakeholders and customers.

A highly experienced group led by Sateesh Seth, Punit Garg, and K. Raja Gopal will oversee the RGCC all of whom have had extensive associations with the Reliance Group. Together, this core team boasts nearly 100 years of cumulative management expertise, including more than 50 years within the Reliance ecosystem.

Sateesh Seth has contributed significantly across multiple verticals during his tenure with the Group. Punit Garg, currently CEO of Reliance Infrastructure, has over 20 years of experience shaping strategic initiatives for the organization. Meanwhile, K. Raja Gopal, with 27 years of expertise in the power sector, has been at the helm of Reliance Power for the past six years. Leaders from other Reliance entities will also collaborate with RGCC to promote knowledge-sharing and foster synergy across the Group.

A Reliance Group spokesperson highlighted the strategic intent behind RGCC, emphasizing its role in leveraging leadership expertise to address market challenges and propel the Group toward innovation. “RGCC represents a milestone in our journey, providing a platform to harness the collective experience of our seasoned professionals to guide the Group toward new growth opportunities,” the spokesperson said.

This development coincides with significant milestones for Reliance Power and Reliance Infrastructure, both of which have achieved zero bank debt status. Their ambitious plans include Reliance Power’s development of 1,270 MW of renewable energy projects in Bhutan and Reliance Infrastructure’s establishment of a 1,000-acre manufacturing facility for small arms and ammunition in Maharashtra through its subsidiary, Reliance Defence Ltd.

To support these initiatives, Reliance Group has launched a ₹17,600 crore fundraising effort. This includes ₹6,00 through Qualified Institutional Placement (QIP), ₹7,100 through Varde Partners’ equity-linked Foreign Currency Convertible Bonds (FCCBs), and ₹4,500 through preferential equity offerings.

As Reliance Group progresses on its Vision 2030 journey, the establishment of RGCC symbolizes its commitment to sustainable growth and transformative innovation.