Reliance Capital, a subsidiary of Anil Dhirubhai Ambani Group, has been working out plans to expand its business, including the company's foray into banking sector within three to five years. The company aims at increasing its base to 50 million customers by globalization of its operations.

Anil Ambani, chairman of Reliance Capital, said: "We have drawn up exciting growth plans for the next three to five years."

Mr. Ambani, while divulging expansion plans of company, said that that the firm plans to increase its distribution network to 25000 cities and towns of the country, to accelerate company's growth in coming years. The firm will also increase the number of business partners from 500,000 to one million during the period.

In addition to this, the firm is eying the overseas market under its business expansion plans. It plans to start broking, insurance and asset management operations in countries of Asia, Africa and the Middle East in the coming years.

The company, having over 150 million customers and over 11 million shareholders, reported an increase of 22 per cent in its consolidated income that stood at $1.3 billion in the fiscal year ended March 31.

Its net profit for the period stood at $221 million, with earning per share of nearly $1. Mr. Ambani further said: "Today the Reliance Anil Dhirubhai Ambani Group touches the life of one in eight Indians, every single day."