Religare
Enterprises Limited (REL) is the holding company for one of India’s leading
diversified financial services groups.
REL offers an integrated suite of financial services through its
underlying subsidiaries and operating entities, includes loans to SME’s, Capital
Markets, Wealth Management, Life and Health insurance and Asset Management. REL
is listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE)
in India.
SUBSIDIARIES OF REL[2]:
BRIEF OVERVIEW OF REL SUBSIDIARIES[3]:
S.No.
|
Company
|
Subsidiary/J.V
|
%
held by REL
|
Areas
of operation
|
|||
1.
|
Religare Securities Ltd.
|
Subsidiary
|
100%
|
Retail Equity Broking
Priority Clent Equity
Services
Online Investment Portal
Institutional Equity
Broking (To be shifted to RCML)
Portfolio Management
Services
Depository Services
|
|||
2.
|
Religare Finvest Ltd.
|
Subsidiary
|
84%
|
Lending and Distribution Business
|
|||
3.
|
Religare Capital Markets Ltd.
|
Subsidiary
|
100%
|
Investment banking -
SEBI Registered Category I
Merchant Banker
Corporate Finance
Acquired Hichens through an international arm
|
|||
4.
|
Religare Commodities
Ltd.
|
Subsidiary
|
100%
|
Retail Commodity Broking Business
|
|||
5.
|
Religare Insurance Broking Ltd.
|
Subsidiary
|
100%
|
Life and Non Life
Insurance Broking Business
Re-insurance
|
|||
6.
|
AEGON Religare Life Insurance
Company Ltd.
|
Joint Venture
|
44%
|
Life insurance company,
JV with Aegon (26%), REL
(44%) and Bennett & Coleman (30%)
Commenced operation in July 2008
|
|||
7.
|
Religare Macquarie Wealth
Management Ltd.
|
Joint Venture
|
50%
|
50: 50 joint venture
with Macquarie for wealth
management business
|
|||
8.
|
Religare AEGON Asset
Management Company Private Ltd.
|
Joint Venture
|
50%
|
50:50 Joint Venture
between REL and Aegon for Asset
Management business in
India
|
|||
9.
|
Vistaar Religare Capital Advisers
Ltd.
|
Joint Venture
|
50%
|
50:50 Joint Venture
between REL and Vistaar
Entertainment Ventures Private Ltd. for film fund
Received SEBI approval
for registration as venture
capital fund under SEBI
Regulations, 1996
|
|||
Religare Invesco Asset Management Company Private
Limited
|
Joint Venture
|
51%
|
Equity
Fixed
Income
Hybrid
/ETFs / Alternatives
Fund of
Funds
|
||||
AEGON RELIGARE LIFE INSURANCE COMPANY LTD.
|
Joint Venture
|
44%
|
Term Pans,
Health
Plans,
Savings
Plans,
Child
Plans
Unit-linked
plans
|
||||
RGAM INVESTMENT ADVISERS PVT. LTD.
|
Subsidiary
|
100%
|
Brokerage
health
& life insurance
asset
management,
SME
lending,
wealth management,
institutional equities
investment
banking services
|
||||
RELIGARE HEALTH INSURANCE CO. LTD.
|
SUBSIDIARY
|
90%
|
HEALTH INSURANCE
|
||||
1.
RELIGARE
SECURITIES LTD
2.
RELIGARE FINVEST
LTD
3.
RELIGARE CAPITAL
MARKETS LTD.
4.
RELIGARE INVESCO
ASSET MANAGEMENT CO. PVT. LTD.
5.
AEGON RELIGARE
LIFE INSURANCE COMPANY LTD.
6.
RGAM INVESTMENT ADVISERS
PVT. LTD.
RELIGARE
SECURITIES LTD[4]:
Religare
Securities Limited (RSL), the broking arm of REL, offers services such as equity broking (cash and derivatives
segments), currency futures and options broking and depository participant
services. It is affiliated with the country's leading exchanges (NSE and
BSE) and is a depository participant
with NSDL and CDSL.
Major activities and offerings of
the company include equity broking both offline and online, depository
participant services,portfolio management services and institutional brokerage.
Member
of the NSE, BSE, depository participant with NSDL and CDSL, and SEBI approved
portfolio manager. Thus registered under
SEBI Act, as a security trading
firm.
Businesses
under Religare Securities Ltd. include:
1. Retail Equity
Broking
2. Priority
Client Equity Services
3. Online
Investment Portal
4. Institutional
Equity Broking (To be shifted to RCML)
5. Portfolio
Management Services
6.
Depository Services
RELIGARE
FINVEST LTD[5]:
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 which constitute as the backbone of India’s economy. The
diversified suite of lending solutions include :-
1. SME Mortgage Loans
2. SME Working Capital Loans
The
company also runs a retail capital markets financing business which includes
Loan Against Marketable Securities.
RELIGARE
FINVEST LIMITED is a Public Limited
Company incorporated under the Companies Act, 1956 and registered as a Non-Banking Financial Company within the meaning of
the Reserve Bank of India Act, 1934 (2
of 1934.
RELIGARE
CAPITAL MARKETS LTD.:
Incorporated
in February 2007, Religare Capital Markets Ltd. (“RCML”) has the approval for Category
I Merchant Banker from SEBI
Businesses under RCML:
1. Corporate Finance – Offers diverse financial
solutions in areas such as corporate debt, private equity, IPOs, ECB,FCCB, GDRs
and ADRs
2. Investment Banking - Divided into merchant banking
and transaction advisory services. Includes underwriting public equity
offerings, mergers and acquisitions advisory services, corporate restructuring
services, placement of private debt and equity offerings.
RELIGARE
INVESCO ASSET MANAGEMENT CO. PVT. LTD.[6]:
Religare
Invesco Asset Management aims to serve investment needs of domestic and global
investors; individuals, corporate and institutions through mutual funds and
sub-advised portfolios.
The
investment objective is to generate
steady capital appreciation by
investing in companies that are fundamentally strong and are available at
attractive valuations.
Types
of securities dealt with:
Equity & Equity Related
Instruments, Fixed Income Instruments, Cash & Cash Equivalent.
AEGON
RELIGARE LIFE INSURANCE COMPANY LTD.[7]:
AEGON,
an international provider of life insurance, pensions and asset management,
Religare, holding company for one of India’s leading diversified financial
services groups and Bennett, Coleman & Company, India’s largest media
conglomerate, have come together to launch AEGON Religare Life Insurance
Company Limited (ARLI). This venture is dedicated to build a customer-centric
business and provide a work environment that fosters excellence and innovation.
This joint venture adopts a local
approach with the power of global expertise.
Registered under the IRDA
RGAM
INVESTMENT ADVISERS PVT. LTD.:
RGAM
facilitates the development of Affiliates and the underlying businesses/funds
through access to its distribution and service teams, helping them efficiently
raise capital and service investors.
Services:
Brokerage,
asset management, Small and medium enterprises (SME) lending, wealth management,
institutional equities, Investment banking services, equity services, commodity services, currency derivatives,
interest rate futures and mutual fund segments.
[3] http://www.religare.com/uploads/ReligareEnterprises-CR-23Dec201402012015154558.pdf,
OFFICIAL WEBSITE, 04/02/15
[5] http://www.religarefinvest.com/about-us.aspx,
OFFICIAL RELIGARE FINVEST WEBSITE, LAST VISITED 4/02/15
[6] http://www.religareinvesco.com/whoweare.aspx,
OFFICIAL RELIGARE INVESCO WEBSITE, LAST VISITED 4/02/15
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