THE New-Delhi based Religare Enterprises (REL) is to simplify its corporate structure and set up a management committee to evaluate the proposed reorganisation of its three operating businesses — Religare Finvest, Religare Health Insurance and Religare Securities — into separate listed entities. SUNIL GODHWANI, chairman and managing director, REL spoke to RAGHU MOHAN of BW Businessworld on the strategic thinking and the course correction behind the moves.
Sunil Godhwani
Says what sets rel apart are its people and the management bandwidth it has been able to create and nurture
Excerpts:
Religare’s logo is the four-leafed clover; you get one in 10,000 that’s three-leafed. Is the firm still the rare clover?
I can’t comment on whether we are rare or not, but our endeavour has always been to deliver value to our stakeholders. We have always tried to innovate and differentiate ourselves, primarily because we have been a relatively late entrant.
We essentially operate across three pillars — lending, health insurance and capital markets. As a group and from a holding company (HoldCo: Religare Enterprises) standpoint we are diverse yet extremely focused; and entrenched in the segments we operate in. Our businesses range from retail, mass affluent, HNI’s, SME’s to large institutions. What we take pride in and sets us apart are our people and the management bandwidth we have been able to create and nurture; backed by an entrepreneurial, teamwork-led, co-ownership driven, agile operating philosophy and culture.
And an instance of Ì€ clover Religare’ in action in the real world will be…
Well, there are several examples from our distribution strategy, our innovative product offerings to our governance structure, hiring strategy and even our rewards and recognitions philosophy.
One of the early endorsements of our model was the IPO in 2007 wherein we were oversubscribed a record 160 times plus. I would also like to specifically share two very good examples of our unique abilities to effectively spot opportunities, stitch up partnerships to build businesses and eventually create enterprise value.
Denne historien er fra August 8, 2016-utgaven av Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra August 8, 2016-utgaven av Businessworld.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
MEMORIES & IMPRESSIONS
Ratan Tata was an exceptional human being. He was a visionary leader, esteemed industrialist, and a humanitarian, who left an indelible mark on India and the world.
The Robotaxi Market
The robotaxi market is shaping up to be a high-stakes battleground as tech giants and automakers race to transform urban mobility.
And the Nobel Prize Goes to AI
The recent Nobel Prize T awards to AI pioneers affiliated with Google have sparked a broader conversation about Big Tech's influence on research and the limitations of traditional prize categories.
Ola Electrified
Once considered a trailblazer in India’s electric vehicle (EV) ecosystem, Bhavish Aggarwal’s Ola Electric now faces a major accountability crisis.
Sharp Slide in Industrial Output on Eve of Deepavali
India’s index of industrial production (IIP) saw a sharp reversal in August, contracting by 0.1 per cent, in stark contrast to the 4.7 per cent growth in July, mostly because of significant contractions in mining and electricity generation.
Heralding the Solar Era with Sustainable Electrification
RAJEEV KASHYAP on the economics of solar power, the hurdles in scaling it, and much more
A WELL-GREASED MACHINE
The OmniBook X14 laptop runs on first-generation Snapdragon X Elite, which bets big on Al-enabled productivity and battery life, but falls short when it comes to overall experience, says Deep Majumdar
DO NOT LETA HEALTH CRISIS RUIN YOUR FINANCIAL HEALTH
For a family of four living in a metro, it is recommended to opt for a family floater health insurance plan with a sum insured of at least Rs 15-20 lakh
Disruption Ahead: Beyond Organisation Charts and Structures
ALBERT EINSTEIN FAMOUSLY said, “We cannot solve our problems with the same thinking we used when we created them.
Dr. Rahul Shivajirao Kadam: A Visionary Leader Blending Sustainability, Innovation, And Social Empowerment
We are on the stage of global warming, and these technologies not only help prevent further damage but also leave behind a better environment for future generations.
