About Religare Enterprises Limited

 

Religare Enterprises Limited (REL), incorporated on January 30, 1984, is a Core Investment Company (CIC) registered with the Reserve Bank of India. Since June 03, 2014, it has been classified as an NBFC – Middle Layer under RBI’s scale-based framework, with over 90% of its assets invested in group companies. REL serves as the listed holding company of a diversified financial services group spanning MSME lending, affordable housing finance, health insurance, and retail broking. Its shares are listed on the NSE and BSE.

 

The company’s group businesses cater to mass retail, affluent individuals, SMEs, and mid-sized corporates across India. REL has 23 subsidiaries and one joint venture as of March 31, 2025. Its overseas subsidiaries, largely under the Religare Capital Markets umbrella, are incorporated in Mauritius, the United Kingdom, Singapore, Hong Kong, the United States, the British Virgin Islands, and Sri Lanka, complementing India-led operations.

 

The group’s core offerings include health and travel insurance, equity and commodity broking, currency services, e-governance and financial inclusion solutions, MSME loans, and affordable housing finance. REL has a legacy of nearly four decades in Indian financial services, with a strong focus on governance and client-centric service delivery.

 

Key milestones in FY 2025 included the designation of the Burman Group as Promoter effective February 18, 2025, following the conclusion of an open offer, and post year-end RBI approval (July 2025) for the appointment of non-executive, non-independent directors representing the Promoter Group. Additionally, shareholders approved amendments to the Articles of Association on April 10, 2025, following IFC’s exit, and cleared a plan on August 08, 2025, to raise approximately Rs 1,500 crore via preferential issue of warrants to fund growth across subsidiaries.

 

Religare Enterprises Limited’s Business Segments

 

• Insurance: 85.8% of total consolidated income (net income from insurance premium).

 

• Investments: 6.9% of total consolidated income.

 

• Broking: 3.7% of total consolidated income.

 

• Lending Activities: 1.0% of total consolidated income.

 

• Other Lines: Balance from bank interest, charges on delayed payments, and miscellaneous income.

 

Religare Enterprises Limited’s Key Management

 

• Mr. Praveen Kumar Tripathi – Non-Executive Chairperson & Independent Director

 

• Mr. Malay Kumar Sinha – Independent Director

 

• Ms. Preeti Madan – Independent Director

 

• Mr. Ranjan Dwivedi – Independent Director

 

• Mr. Rajender Mohan Malla – Independent Director

 

• Mr. Shrikant Shreeniwas Somani – Independent Director

 

• Mr. Anuj Jain – Company Secretary & Compliance Officer (signatory on certification in the absence of CEO/CFO)

 

• Mr. Rajesh Sharma – President, Internal Audit

 

• Dr. Richa Mishra – Director & Group Head – HR

 

• Mr. Pratul Gupta – Director & Head – Strategy, M&A and Investor Relations

 

Latest Updates on Religare Enterprises Limited

 

• Promoter Transition: The Burman Group became the Promoter effective February 18, 2025. RBI subsequently approved the appointment of Promoter Group nominee directors in July 2025.

 

• Governance and Capital: Shareholders approved amendments to the Articles of Association on April 10, 2025. A plan to raise about Rs 1,500 crore via preferential issue of warrants was approved on August 08, 2025. A governance review was also initiated across REL, RFL, and RHDFCL with external consultants.

 

• Business Highlights: Care Health Insurance Limited remained the second-largest SAHI (standalone health insurer) with Gross Written Premium of Rs 8,56,199 lakh in FY 2025. Religare Broking Limited’s consolidated revenue grew 3.6% year-on-year, supported by a network of ~53,000 e-governance franchises and 2.1 lakh active clients. CARE Ratings upgraded its bank facilities to BBB+ (Stable)/A2.

 

• Administrative Change: Registered office updated with effect from September 20, 2025.