Type Public Website www.religare.com Founded 1984 | Industry NBFC Headquarters India | |
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Traded as NSE: RELIGARE
BSE: religare-enterprises-ltd/religare/532915
ISIN: INE621H01010 Key people Sunil Godhwani (Chairman and Managing Director)
Shachindra Nath (Group CEO) Services SME finance
Capital Markets & Wealth Management
Asset Management
Insurance Founders Shivinder Mohan Singh, Malvinder Mohan Singh Subsidiaries Religare Reality Limited Profiles | ||
Mr manoj singla managing director co head research religare capital markets ltd on q3 results
Religare Enterprises Limited (REL) is the holding company for one of India's leading diversified financial services groups, headquartered in New Delhi, India. It offers an integrated suite of financial services through its underlying subsidiaries and operating entities, includes Loans to Small and Medium Enterprises (SME)'s, Capital Markets, Wealth Management, Health insurance and Asset Management. It has one million clients in India and more than 1700 offices across India. Religare also has offices in Hong Kong, Singapore, the United States, the United Kingdom, Australia, the Middle East and Sri Lanka.
Contents
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History
Founded in 1984, initially Religare was a stock brokerage firm called Religare Securities Ltd (RSL) and was admitted to the National Stock Exchange (NSE) in 1994. In 2000, it secured membership of the Futures and Options segment of the NSE and also registered with National Securities Depository Limited (NSDL) as a depository participant.
Religare Finvest, a group company, was founded in 2001 as a private non-banking financial institution. In 2002, RSL received registration as ‘Portfolio Manager’ from Securities and Exchange Board of India (SEBI). RSL registered with Central Depository Services Limited (CDSL) as a depository participant in 2003. It also became a stock broker at the Bombay Stock Exchange (BSE) in 2004. In the same year, Religare Commodities Ltd., a commodities broking company, started operations as a ‘trading cum clearing member’ at both the Multi Commodity Exchange (MCX) and the National Commodity and Derivatives Exchange (NCDEX).
An office was established in London in 2006. In 2006, RSL received registration as Merchant Banker in Category - I from SEBI. Religare announced a joint venture with Macquarie Bank Ltd. in October 2007 to expand its wealth management business. REL went public with an initial public offering (IPO) of its stock in November, 2007, which was oversubscribed 159 times. The same year, RSL received membership of derivative segment of the BSE as trading-cum-clearing member. In 2007, Religare also entered into the Capital Markets business.
AEGON Religare, a life insurance joint venture between AEGON, Religare and Bennett, Coleman & company, launched its pan-India operations in 2008. Religare Asset Management Company was formed on the back of Religare’s acquisition of Lotus India AMC and received the final regulatory approval from SEBI to launch mutual fund business in India. Religare entered into the institutional equities business and Religare Global Asset Management formed, for international expansion.
In 2011, Religare Finvest successfully issued Non-convertible debentures (NCDs) worth Rs. 800 crore. In December 2011, Avigo Capital and in January 2012, Jacob Ballas invest in Religare Finvest Limited (RFL). In 2012 International Finance Corporation (IFC), an arm of World Bank Group invested in Religare. Religare Health Insurance Company Limited (RHIC) started operations in the year 2012. Union Bank of India and Corporation Bank tie up with Religare Health Insurance. In 2013 Religare bought Macquarie's stake in the wealth management business. In the same year the name of Religare Mutual Fund was changed to Religare Invesco Mutual Fund. In 2014 Religare announced acquiring a 26% stake in YourNest Angel Fund through its Global Asset Management arm (RGAM).
Organisation
Religare as a group has several portfolio companies that operate in different spheres.