Exhilway To Invest US $5 Billion in India

Online, June 10, 2013 (Newswire.com) - Exhilway, the global wealth management giant, will be investing over US $5 billion or close to INR 28,000 crore in India via foreign direct investment (FDI) across several business sectors like finance, entertainment, retail and energy. Exhilway will set up Indian subsidiaries to run the show and will hire close to 2,000 people in the next two years.

Exhilway has also expressed its intent to partner Mukesh Ambani's Reliance Industries & DE Shaw financial joint venture which was announced in April, 2011 but was unable to take off due to undisclosed reasons. The Exhilway officials has denied entering into talks with Reliance at this stage but has confirmed that they will be meeting Reliance's top officials soon to present their business plan. If the deal goes through, Exhilway plans to foray into wealth management with a big bang.

"We are planning to enter several business sectors, our business operations in India which was limited to finance will now see diversification. We plan to generate over US $10 billion of turnover from India in the next two years. We will be growing inorganically and we will be partnering those who have passion for the business," said Ravi Agarwal, Vice Chairman, Exhilway Global Wealth (EGW).

Exhilway will set up several wealth management outlets nationwide which is the primary business of the company internationally. Exhilway will also debut in entertainment sector by producing high budget bollywood movies which will be screened internationally, Exhilway will announce first movie soon with movie budget pegged at US $6 million or INR 34 crore. The company also plans to enter retail and power generation business.

The relationship of Exhilway with India dates back to the year 2005 when they launched managed futures, a high frequency trading strategy which trades in several markets for the arbitrage opportunities.

Exhilway will raise funds from the global market to fuel its growth and will issue bonds to the global investors. Exhilway officials will meet finance minister to discuss the business plans in length. The FDI investment is highly required in India and the government will certainly welcome the conglomerate's decision.