Grupo Salinas is a Mexican group formed by several companies focused on many different sectors. Grupo Salinas started as a retail store, but since Ricardo Salinas Pliego, its current President, took over the company Grupo Salinas began to diversify. Grupo Salinas now owns businesses that participate in the television industry, the telecommunications sector, the banking and financial market; amongst others. TV Azteca, Azteca América, Grupo Elektra, Banco Azteca, Afore Azteca, Seguros Azteca, Azteca Internet, GS Motors, Italika y la Asociación del Empresario Azteca. Each of the Grupo Salinas companies operates independently, with its own management and board of directors.