"It will be driven by value creative divestments of all our non-core businesses, best described as every business that is not related to the financial services business will not be in our portfolio in the next 12-18 months," he added.
Reliance Capital is engaged in businesses of asset management, insurance, commercial and home finance and equities and commodities broking.
Its home finance company- Reliance Home Finance - has also been approached by global companies to partner in affordable housing segment, according to Ambani.
"We are in discussion with a strategic partner to take a large stake in the company. As that transaction, hopefully, concludes in next few months, we will be transforming the company, and we will be amongst the most profitable home finance company in the country," he said.
The company's executive director, Anmol Ambani, said Reliance Health Insurance is going to be launched in this quarter.
He further said the company's is looking at identifying key emerging business areas within the financial services and financial technology space.
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