Religare CEO: "We'll become a 360-degree financial services supplier."
The Religare Group is strengthening its existing businesses and plans to start newer ones in the next two-three years in order to become a “360-degree financial services provider”. "We will relaunch operations at the NBFC Religare Finvest (RFL), where an immediate one-time settlement will be resolved. And that will serve as one of our major jumpstarts. We have done a great job of setting the groundwork for the company. In an interview with FE, Rashmi Saluja, executive chairperson of Religare Enterprises (REL), said, "We aim to develop newer businesses that are synergistic.
REL is a multifaceted financial services company operating in the NBFC, health insurance, and retail broking sectors. According to Saluja, the organization will launch a number of enterprises, including an asset reconstruction company (ARC), an asset management company (AMC), and an insurance brokerage. "We will also continue to invest money in expanding our insurance, brokerage, and securities businesses. Therefore, we will make sure that all of our businesses are profitable or start to become lucrative over the next two to three years. Of the five enterprises, we will undoubtedly start these four, Saluja said.