New Delhi, April 7 (PTI): The Anil Ambani group’s Reliance Money has drawn out an aggressive expansion plan for the overseas market to set up shop in about half a dozen locations by the end of this fiscal.

“We will set up offices in six to seven strategic locations around the world in 2008-09,” Reliance Money CEO Sudip Bandyopadhyay said.

The brokerage and financial products distribution firm, which is part of Reliance Capital, has identified locations such as Kuwait, Bahrain and Doha in West Asia and Singapore and Hong Kong in South Asia, Bandyopadhyay said.

The company’s London office will come up in the next six months while the West Asian branches are expected to be functional within the first quarter.

Reliance Money is in the process of seeking regulatory approval for its Singapore office, while the one in Hong Kong may come up in the later part of the year.

The company already has a branch in Dubai and is in the process of opening an outlet in Muscat.

The Muscat office will come up during this month or early next month, the Reliance Money CEO said. “We have shortlisted three to four places for the Muscat branch,” he added.

The company is eyeing a strong customer base of over one lakh in the gulf region.