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.
Bu hikaye Businessworld dergisinin August 8, 2016 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Businessworld dergisinin August 8, 2016 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Is Leadership Without Hierarchies Possible?
LEADERSHIP IN THE current era is more challenging than ever before.
The Rise and Evolution of Coffee Culture in India
AS A BANGALORE native, South Indian filter ‘Kaapi’ has always been a significant part of our tradition.
The Daily Ground Goes Desi
Success in Tier-2 and Tier-3 cities hinges on several key factors, with one of the most important being the ability to offer high-quality products at an accessible price point
Cracking The Indian Code
TARUN JAIN, CEO of Tim Hortons India believes in creating an experience at cafes by blending global quality, local flavours and affordability
Making Coffee the New Chai in India
Affordable, great-tasting coffee made fast-abCoffee is reshaping how India drinks coffee
Scripting A New Era Of Coffee In India
From a bootstrapped startup to international expansion, NOTHING BEFORE COFFEE is brewing its way to the top by challenging the giants of the coffee industry with innovation, personalisation, and sustainability
"Driven By A Younger Demographic, Coffee Culture Is On The Upswing"
SUNIL D'SOUZA, Managing Director and CEO of Tata Consumer Products, discusses the company's strategic growth in India's booming coffee market, focusing on premiumisation, innovation, and expanding consumer experiences both at home and in cafés, in this exclusive conversation with BW Businessworld's Tarannum Manjul
Fresh Brew, Big Ambitions
From startups to stores, Beanly's Samayesh Khanna and Rahul Jain elevate India's coffee culture by making freshly brewed coffee a daily delight
"On Track To Become India's Top Café Chain"
In an exclusive interview, RAJAT AGRAWAL, CEO of Barista Coffee, shared insights on the company's current market position, expansion strategies, and its response to growing competition
"Ensuring A Seamless Coffee Experience Outside The Cafe Is The Next Big Thing To Watch Out For"
In an exclusive conversation with BW Businessworld's Resham Suhail, Third Wave Coffee CEO RAJAT LUTHRA and its Co-founder AYUSH BATHWAL delve on how they are navigating the competitive landscape, going beyond retail and tapping changing consumer preferences
