Religare
 |
|
| Public | |
| Traded as |
|
| Industry | NBFC |
| Headquarters | New Delhi, India |
|
Key people
|
|
| Services | |
| Subsidiaries |
|
| Website | www.religare.com |
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.
Founded in 1984, initially Religare was a stock brokerage firm called Religare Securities Ltd (RSL) and was admitted to the (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 (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.
...
Wikipedia