The company aims to expand its financial services business to about 15 countries within a year, and hopes to generate around 50 per cent of its revenues from overseas operations by 2012.
It is planning to get a membership of the Lagos Stock Exchange. This tie-up is the fifth overseas venture by Reliance Money after Dubai, Oman, Hong Kong and Saudi Arabia. Singapore and London will be the next destinations, according to company executives.
Chellaram, with a turnover of about $100 million, has distribution centres in 10 cities across Nigeria. BS Reporter
