Reliance Tech- ADAG into IT !!
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Printed Date: 26/Jun/2024 at 2:55pm
Topic: Reliance Tech- ADAG into IT !!
Posted By: India_Bull
Subject: Reliance Tech- ADAG into IT !!
Date Posted: 02/Jan/2008 at 5:45pm
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I always wondered why Ambanis are not in IT yet ? Is it too late ? Will they disturb current equations in Indian IT market ? Source : BS Anil Ambani nurturing Tech Reliance V. Rishi Kumar
Hyderabad, Jan. 1 For Reliance groups, it has always been about scale be it petrochemicals, communications, entertainment, power or finance. Now, Tech Reliance, under wraps, technology consultancy services provider of the ADAG Group, is set to make a splash shortly. The ADAG group is growing this less known company at a rapid pace and expects to pitchfork it into the top five league within two years. Tech Reliance has four centres. The development centre in Hyderabad focusses on $100 billion IT consulting and services and infrastructure management. This arm would build on the group synergies, including FLAG. According to sources, Mr Anil Ambani, Chairman of ADAG, is armed with a chest of $2 billion that would help the company virtually compress time and leapfrog into the big league. Traditionally, Reliance has grown its businesses and expects to do so with Tech Reliance. However, some of the missing pieces of the technology services could be bridged through some acquisitions too, according to sources. According to sources, Mr Anil Ambani has personally handpicked a team of IT professionals to lead this initiative which includes current employees working in Reliance ADAG. The company is in the process of attracting talent from some of the leading consultancy firms. A Reliance spokesperson refused to comment on the development. He said “The group continuously explores avenues for enhancing value for our stakeholders’. A formal announcement about Tech Reliance is likely soon. ------------- India_Bull forever Bull ! www.kapilcomedynights.com |
Replies:
Posted By: PrashantS
Date Posted: 02/Jan/2008 at 6:35pm
| isnt it like jack of all master of none... |
Posted By: Vamsee
Date Posted: 02/Jan/2008 at 7:48pm
Its not for nothing I call him Anil "Cowboy" Ambani 
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Posted By: xbox
Date Posted: 02/Jan/2008 at 4:43am
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This is old dream of Ambanis. They missed the first bus to IT. Tech Reliance is very logical approach by chote Ambani. I am not at all surprised. He owns empire which needs IT day in day out, so what's wrong to outsource to another group entity. From day one, Tech Reliance has access to Rcom, Rcap, REL, RNRL, ADLABS and many.......but story is not here.
Story is M&A. I will not be surprised if TR becomes top 5 IT company in 3-4 years (flat). Watch out for Satyam, Hexaware, Polaris, 3i info and many other mid to large companies where Promoters are looking for exit. Remember deals happens only at 2 times...when time is good & when time is bad and we all know which is current time....
 TR will try to take out promoters of many IT companies to make it mega big. So be ready to see action time in so far nearly dead IT companies. I can't imagine why Hexaware (for pure example only) promoters will not sell out it's stake at 140 or so when price is sub hundred and there is not near to mid term prospect to reach 140 or so.
Let's see..which & when...  ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: s_praharaj
Date Posted: 03/Jan/2008 at 12:43pm
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I am not sure about the ability of the younger Ambani in successfully execeuting a company, as most of his companies we see today are either started by the father or elder brother. If you can have more companies, you can take more money from the public. If you have the ability to maintain the stock price at a higher price, at least shareholders do not question. That is happening with RNRL now and may happen with other companies also.
Lets see how much he is raising from the market in Tech Reliance. ------------- Shashi Praharaj |
Posted By: xbox
Date Posted: 03/Jan/2008 at 12:50pm
Reliance Capital is there with him till IPO stage.  ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: Ajith
Date Posted: 03/Jan/2008 at 12:54pm
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One way I feel that ADAG can make it big in tech and that is by sequentially offloading chunks of equity to key employees and ESOPS.But then there is the Ambani way-a massive public issue and pay high salaries. Building client relationships will not be easy. ------------- Ajith |
Posted By: master
Date Posted: 07/Mar/2010 at 9:26pm
| It was quite sometime we heard about this group entering a new http://www.dnaindia.com/money/report_anil-ambani-revives-plan-to-launch-airline_1355364 - |
Posted By: LearningToFly
Date Posted: 07/Mar/2010 at 9:42pm
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The best way to enter IT for Reliance will be to buy out an existing mid cap player such as mindtree or polaris.
Better late than never. I always thought why is Reliance not into IT. ------------- Success... at all cost. |
Posted By: saspath
Date Posted: 08/Mar/2010 at 10:43pm
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Currently there is no boom for it but it is still has fast pace growth. so it wouldn't be a bad idea from Anil D Ambani. He is the King in good times becoz he is not scared of bad times.
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Posted By: briankim09
Date Posted: 10/Jun/2010 at 2:28pm
| Why do you call him "cowboy"? |