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.
This story is from the August 8, 2016 edition of Businessworld.
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This story is from the August 8, 2016 edition of Businessworld.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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