Religare

With a range of sole and joint ventures, Religare has a strong presence in India. Some of the major subsidiaries of Religare Enterprise Ltd. are:

• Religare Securities Limited
• Religare Finvest Limited
• Religare Health Insurance Company
• Religare Capital Market Limited
• Religare Housing Development Finance Corporation Limited
• Religare Insurance Broking Limited
• Religare Commodities Limited
• Religare Realty Limited
• Religare Arts Initiative Limited
• Religare Portfolio Managers and Advisors Private Limited
• Vistaar Religare Capital Advisors Limited
• Shreyas Stocks Private Limited (acquired by Religare in 2011)
• Shreyas Advisory Services Private Limited (acquired by Religare in 2011)
• Bartleet Religare Securities Private Limited (joint venture of Bartleet Mallory Stock Brokers and Religare Capital Markets Limited)

The corporate structure and operating business of Religare is divided into three parts: Lending, Capital Market and Health Insurance.

Lending

The subsidiaries of Religare offer a range of lending products to help its customers realise their dreams whether they are individuals or business owners. The Religare subsidiaries offering lending products and services to the customers are Religare Finvest Ltd. that deals in SME finance, and Religare Housing Development Finance Corporation Limited (RHDFC) that offers home loans for construction, purchase or improvement to the economically weaker sections of society. The two companies along with their offerings are briefly discussed here.

Religare Finvest Ltd. (RFL):

It is one of the larger Non-Banking Financial Companies (NBFCs) in India that focuses on lending to small and medium enterprises (SME). Incorporated in the year 1995 as a private limited company, it was initially known as Skylark Securities Private Limited. In 2004, the company was converted from a private limited company to a public limited company. The name was changed to Religare Finvest Limited in 2006.

The company has a diversified product portfolio with dedicated product management teams and synergies with promoter facilities for cross selling the company’s products and services. Furthermore, Religare Finvest Ltd. also enjoys a wide distribution network and a robust risk and credit management system. In addition to this, the company has access to a range of cost-effective funding sources and a strong commitment from Religare and its promoters.

SME units can avail unsecured working capital loans as well as secured business expansion loans. RFL is focused on providing debt capital to power the growth of the SME sector which is the backbone of the country’s economy.

Religare Finvest Ltd. offers SME lending solutions, namely:

• SME Working Capital Loans
• SME Business Expansion Loans
• Short-term Trade Finance
• Capital Market Loans

Also Know: Religare Mutual Fund NAV | Religare MF Schemes, Reviews, Performance & Benefits |

SME Working Capital Loans

The SME Working Capital Loans from Religare are meant to help small and medium enterprises, self-employed businesspeople and professionals, and small-scale exporters and importers. These loans are further classified into secured loans (Equipment Finance and Educational Institute Financing) and unsecured working capital loans.

• Secured Equipment Finance (Working Capital) Loans: The loan amount that the SME can borrow for equipment finance can be anything from Rs. 10 lakh to Rs. 5 crore, with the company providing funding up to 90% of the asset value. The loan tenure is for 5 years.

• Secured Educational Institute Financing: The loan amount for financing of educational institutes is same as that for equipment finance, i.e. Rs. 10 lakh to Rs. 5 crore. However, the maximum loan term is longer being up to 7 years.

• Religare SME Unsecured Working Capital Loans: These loans range from Rs. 15 lakh and above and have a loan tenure of up to 3 years.

SME Business Expansion Loans

Also called SME mortgage loans, these debt products are for business expansion activities of small to medium enterprises. The company provides loans up to Rs. 25 crore for a tenure of 10 years at a fixed rate of interest. Applicants can include self-employed professionals, proprietorships, partnership firms, and private and public companies. The borrowers can provide collateral of residential, commercial and industrial properties. Applicants need to provide their KYC documents, financials and banking details along with their application form.

Religare Short-term Trade Finance

These lines of credit are specifically meant to bridge financing requirements due to financial gaps in the business’ outward and inward remittances. The company provides both secured and unsecured loan options. The credit amount ranges from Rs. 25 lakh to Rs. 75 lakh, with the debt facility available for a period of up to 90 days. The interest is applicable only on the amount used from the line of credit. This feature makes this loan a very convenient option for SMEs to keep their costs down. The loan application can be processed digitally, further making it a hassle-free way for small businesses to take care of their financing needs. Religare short-term trade finance is especially suitable for SMEs with an minimum annual turnover of Rs. 5 crore.

Religare Capital Market Loans

The capital market loans are given against collateral of securities such as shares, mutual funds and bonds, among others. These loans help SME owners to leverage the value of their securities without blocking any cash. Religare offers an easy repayment tenure. The different types of capital market loans offered by the company are loan against securities, ESOP financing, IPO financing and promoter funding.

• Loan Against Securities: These loans start from Rs. 2 lakh and have a tenure of up to 36 months. Religare offers customised loans against securities that ensure SMEs get the terms and conditions that are suitable for them.
• ESOP Financing: These loans are given for the borrowers to exercise their rights to buy ESOPs. The minimum loan amount is of Rs. 2 lakh and the loan tenure ranges from 1 month to 6 months. Borrowers have the option to convert the loan into a Loan Against Securities and utilise the longer repayment tenure of 36 months under that scheme.
• IPO Financing: The loan is especially meant for HNIs to invest in IPOs and FPOs in the market and get a significant share in the overall securities. The loan tenure is for 7 to 15 days with a minimum loan amount of Rs. 50 lakh.
• Promoter Funding: The loan is given to promoters of listed company against their share in the company. The minimum loan amount is of Rs. 1 crore and the loan tenure is of 1-3 years.

Religare Housing Development Finance Corporation Ltd (RHDFC): This subsidiary of Religare is registered as a housing finance company with the National Housing Bank. Customers can avail the housing finance scheme for house purchase, construction, repair, or renovation. The company strives to cater to the customers belonging to the low-income segment across urban and semi-urban areas of India.

Borrowers can repay the loans by using the e-payments facility offered by RHDFC. The company also allows a customer to transfer an existing loan from another financial institution or bank to RHDFC.

Religare Housing Development Finance Corporation offers four products:

• Home Loan
• Home Improvement Loan
• Home Extension Loan
• Self Construction Loan

Capital Market

Capital market is one of the key areas of Religare and comprises of services like Retail Broking, Institutional Equities, and Global Assets Management. Religare Capital Markets Company (RCM) is an Asia-focused capital markets platform, recognised by clients and independent agencies alike for the quality of its research and execution.

Religare Capital Markets (RCM): Religare Capital Markets is one of the few companies in India that deal with both Institutional Equities and Investment Banking. It is a part of Religare Enterprise Limited (REL) and has partnered with emerging companies to offer world-class services to its customers. Empanelled by over 450 institutional investors and covering 150 stocks across 16 sectors under its research umbrella globally, it specialises in Equity Capital Market fund raising, Corporate Finance advisory, and Private Funding services. RCM has branches in India as well as other countries in Asia, Middle East, Europe, and Australia.

The services offered by Religare Capital Markets include:

• Institutional Equities: The company’s institutional equities division includes distribution, equity research, special situations and Japan equities. The distribution unit focuses on equity research, sales and execution along with macro, country-specific and economic analyses.
• Investment Banking: The company focuses on equity capital markets, corporate finance, private financing and select transactions. The Equity Capital Markets (ECM) segment helps in equity or equity-linked funding options and also helps companies to get listed on the stock exchange. The company’s ECM solutions cover pre-IPO and IPO activities as well as secondary listings and fund raisings. The corporate finance segment looks at M&A financing as well as on joint ventures and strategic partnerships.
• Equity Execution: Religare also provides an automated routing facility called the Smart Order Routing facility that helps clients route their trade orders to specific stock exchanges to get the best deals. Certain eligibility criteria such as the client not specifying the venue or the instrument being listed on both stock exchanges are necessary for the order to be executed.

Religare Securities Ltd (RSL): Religare Securities Limited is a wholly-owned subsidiary of Religare Enterprises Limited (REL) and one of the market leading securities firms in India. It serves over 8 lakh clients across both offline and online platforms. It has a share trading web portal, known as Religare Online, that enables trading and investments across all asset classes.

Customers can use the portal to find valuable information using the in-depth and insightful reports and advanced tools to select the best performing stocks. The real-time stock trading platform has some useful features such as live market watch, stock screener, advanced portfolio tracker and technical analysis, among others. Some of the segments that are available for trading are equities, derivatives, currency, mutual funds, National Pension Scheme, etc.

The company has also introduced an app called Swipe2Trade to make buying and selling of securities easier for the investor. Swipe2Trade is a powerful mobile trading app that even a novice or professional trader can install on his or her mobile and start using right away. He or she can simply ‘Swipe Left’ to buy a stock and ‘Swipe Right’ to sell a stock. The app has versions for both Android and iOS devices.

The investor can also check the company’s website to find the best performing stocks to improve their chances of making a good profit.

Health InsuranceReligare Health Insurance (RHI): Religare Health Insurance Company is an important part of Religare Enterprises Limited (REL). Its customer-centric model makes it a popular choice amongst the customers.
Some of the customer favourites in the retail segment are health insurance, international travel insurance, group health insurance, maternity insurance, top-up coverage, etc.

The company is also equipped with the best in class product design and customer-friendly approach and abides to its innate values of being an accountable and innovative health insurer. The shareholders of Religare Health Insurance Company are three independent bodies – Religare Enterprises Limited, Union Bank of India, and Corporation Bank.

Some of the most common health insurance products and services provided by RHI are:

• Travel Insurance Plans: Customers can apply for travel plan and travel worry-free knowing that they are insured in the case of hospitalisation, trip cancellation, loss of baggage, etc. There are separate plans for students who are planning to study abroad. Group or corporate travel plans are also available to cover the work trip of a group of employees or an employee’s family under travel insurance.
• Health Insurance Plans: Most of the customers opt to go for the comprehensive insurance plan offered by Religare Health Insurance. The plan covers basic medical and hospital expenses in addition to covering annual health check up, organ donor cover, second opinion cover, ICU charges, etc. There are also enhanced insurance plans, known as Super Top-up Insurance, for the customers who are not really worried about the basic medical expenses. There are also insurance plans to cover maternity and new born related expenses. It can be a great option for people planning to start a family.

Fixed Benefit (Insurance) Plans: Most customers choose insurance because they want to be secure even if they have to deal with critical illness, accident or injury. Personal accident insurance covers fractures, major diagnostic tests, accidental injuries, etc.