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10 Best Retail Solution Providers 2017

Religare: An Diversified Financial Services Groups Offering Integrated Suite of Financial Services

thesiliconreview-nalin-nayyar-religare“As one of India's premier financial institutions, we are contributing to the success and growth of our customers, big and small, across the nation.” 

Holding company for one of India’s leading diversified financial services groups, Religare Enterprises Limited (REL)  offers an integrated suite of financial services through its underlying subsidiaries and operating entities, including loans to SMEs, Affordable Housing Finance, Health Insurance, Capital Markets and Wealth Management. REL is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) in India.

As a group, Religare caters to almost every segment of the market from mass retail to affluent, HNIs, UHNIs, mid-size corporates, SMEs to large corporates and institutions. With over 7000 employees, the group has a presence across more than 1450 locations pan India.

Philosophy & Values

Religare is a Latin word that means to bind together. The company chose this name to reflect the integrated nature of their services. Their name is paired with the symbol of a four-leaf clover. Traditionally, it is considered good fortune to find a four-leaf clover as there is only one four-leaf clover for every 10,000 three-leaf clovers found.

Each leaf of the Religare clover has a special meaning. It is a symbol of Hope, Trust, Care and Good Fortune.

The first leaf of the clover represents Hope- The aspirations to succeed. The dream of new possibilities. It is the beginning of every step and the foundation on which a person reaches for the stars.

The second leaf of the clover represents Trust- The ability to place one’s own faith in another. To have a relationship as partners in a team. To accomplish a given goal with the balance that brings satisfaction to all, not in the binding, but in the bond that is built.

The third leaf of the clover represents Care- The secret ingredient that is the cement in every relationship. The truth of feeling that underlines sincerity and the triumph of diligence in every aspect. From it springs true warmth of service and the ability to adapt to evolving environments with consideration to all.

The fourth and final leaf of the clover represents Good Fortune- Signifying that rare ability to meld opportunity and planning with circumstance to generate those often looked for remunerative moments of success.

Meet the Noble Head

Nalin Nayyar, Group Chief Executive Officer- Nalin Nayyar currently serves as the Group Chief Executive Officer, Religare Enterprises Limited. He has been with the Religare Group for six years. He was, until recently, Group President – Strategic Initiatives at RHC Holdings Private Limited (RHC), a Promoter Group holding company. Within Religare, he has earlier served as the CEO – Religare Global Asset Management, Corporate Advisor to Fortis Healthcare and Head – Investment Banking for Religare Capital Markets Ltd. Prior to joining Religare in 2010, he has handled varied roles in the financial services industry across the U.S., Europe and Asia. He started his career in investment banking in New York with Citigroup, and relocated to London in 1998, he joined Lehman Brothers in 2000 in London and subsequently moved back to India with Lehman in 2006 as part of the team that developed and grew Lehman’s India business. He returned to Citibank in Mumbai in 2008. 

Religare’s Classified Business


SME Finance- Religare Finvest Limited (RFL) a subsidiary of Religare Enterprises Limited (REL), is a Small and Medium Enterprise (SME) financing focused NBFC. With a wide network of branches and ISO certification 9001:2008, RFL is committed to providing debt capital to power the growth of the SME’s. RFL understands that each financial need is unique and offers customized solutions to empower the customer to prosper.

Affordable Housing Finance- Religare Housing Development Finance Corporation Limited (RHDFC) is a Housing Finance Company registered with the National Housing Bank. It offers home-purchase, home construction and home improvement loans to the low-income segment, primarily persons engaged in the informal sector, across urban and semi-urban India through a  service  strongly differentiated on ‘trust’ and ‘convenience’ supported by a distinct and robust underwriting framework.

Health Insurance

Religare Health Insurance (RHI), the health insurance arm of Religare Enterprises Limited (REL), is a specialized Health Insurer offering health insurance services to employees of corporates, individual customers and for financial inclusion as well. Launched in July’12, Religare Health Insurance has made significant progress within a short span of time, and is already operating out of 54 offices with employee strength of 1200, servicing more than 2.6 million lives across 300+ locations, including over 1100 corporates.

Besides REL, the other shareholders of Religare Health Insurance are Union Bank of India & Corporation Bank. With RHI’s operating philosophy being based on the principal tenet of ‘consumer-centricity’, the company has consistently invested in the effective application of technology to deliver excellence in customer servicing, product innovation and value-for-money services.

Capital Markets

Retail Broking- Religare Securities Ltd. (RSL) is a wholly owned subsidiary of Religare Enterprises Limited (REL) and is one of the market leading securities firms in India serving over 8 lakh clients across both Offline and Online platforms. Through its extensive footprint extending to over 500 cities, the company offers broking services in Equity, Currency and Commodity (through its subsidiary Religare Commodities Limited) as well as depository participant services.

Wealth Management- Private Wealth (RPW)’s key value proposition of ‘Simplified Wealth Solutions’ for its HNI clients, rests on three core pillars comprising knowledge-led people, best practice processes and world class investment solutions. The business takes pride in its ability to break down a world of investment complexities into a world of investment simplicities to help clients achieve their personal financial goals.

Institutional Equities- Religare Capital Markets (RCM) is an Asia focused Institutional Equities and Investment Banking platform partnering emerging growth companies, recognized by clients and independent agencies alike for the quality of its research and execution. RCM is empaneled by over 450 institutional investors and has an active coverage of over 150 stocks across 16 sectors.