Wednesday, September 30, 2009

Company Snapshot - Religare


Overview

A diversified financial services group with a pan-India presence and presence in multiple international locations, Religare Enterprises Limited ("REL") offers a comprehensive suite of customer-focused financial products and services targeted at retail investors, high net worth individuals and corporate and institutional clients.

With a view to expand and diversify, REL operates in the life insurance space under 'Aegon Religare Life Insurance Company Limited' and has launched India's first wealth management joint venture under the brand name 'Religare Macquarie Private Wealth'.

REL, through its subsidiaries, has launched India's first holistic arts initiative - with a gallery - as well as the first SEBI approved film fund, which is an initiative towards innovation and spotting new opportunities for creation and maximization of wealth for investors.

REL operates from seven domestic regional offices, 43 sub-regional offices, and has a presence in 498* cities and towns controlling 1,837* business locations all over India.

To make a mark in the global arena, REL acquired UK-based Hichens, Harrison & Co. in 2008 which was subsequently re-named as Religare Hichens Harrison PLC ("RHH"). Hichens, Harrison & Co. was incorporated in London in the year 1803 and is believed to be one of the oldest firms of stockbrokers in the City of London.

Pursuant to expansion of REL's business, the company has grown from largely an equity trading company into a diversified financial services company. With the addition of RHH the REL group now operates out of multiple global locations, other than India, (the UK, the USA, Brazil, South Africa, Dubai and Singapore).

Group Structure



For the detailed report follow the following link

http://www.religare.in/income-statement.asp?reporttype=QTR

Other Initiatives by Religare

Vistaar

Religare Enterprises Limited and Vistaar Entertainment Ventures Private Limited launched India´s first ever film fund - Vistaar Religare Film Fund (VRFF) for the Film/Media business.

Femme Power

Religare has created an alternative career path, keeping in mind the needs, wants and desires of today´s woman. Femme Power provides an opportunity for the contemporary Indian woman who strives to strike a balance between work and family life. Femme Power is an independent financial advisory platform managed by women, for women.

The primary focus of Femme Power is to provide a single point of contact from which women across India can access their financial investments and transactions, in addition to providing timely lifestyle tips. Femme Power will serve as a catalyst to address concerns of women about financial security, investment knowledge, health & nutrition, in addition to a range of other issues.

Bancinvest

Religare is also aggressively forging relationships with large private and public sector banks to offer online/ offline equities and portfolio management services through its "BANCINVEST" channel to cater to a broader spectrum of investors nationally.

Some of the key strategic partnerships that are already in place are with entities such as Karur Vyas, IndusInd Bank, Tamilnad Mercantile Bank Ltd, Corporation Bank, Bank of Rajasthan, Vijay Co-operative Bank Ltd, etc.

Management Team

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