Religare is an Indian financial services conglomerate headquartered in New Delhi. It was founded in the year 1989 by brothers Malvinder Singh and Shivinder Singh. It is a global financial services group that manages assets worth US$12.
7 billion. It offers financial products and services, such as health insurance, asset management & advisory, commodities, wealth management, global markets, capital market services, mutual funds, and private equity investments.
As of March 2021, the company is owned and operated by the Singh brothers and their family.
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Who is Rashmi Saluja?
Rashmi Saluja is a Managing Editor at Entrepreneur Magazine. She is a passionate writer who previously held positions at Wired, the Washington Post and TheStreet. com. At Entrepreneur, she oversees the print and digital content production of the magazine’s various sections ranging from growth, advice and personal finance.
She also works closely with a team of writers and editors on multiple projects. Off the job, Rashmi loves to stay active and connects with her friends, family and readers through her blog and social channels.
With her highly creative and analytical style, Rashmi knows how to bring the best out of her team and produce content that truly stands out. She is an inspiring mentor who encourages hard work and provides custom solutions to challenging problems.
In addition, Rashmi has appeared as a guest on national TV, radio and print.
When was Religare founded?
Religare was founded in the year 2000. It began as a venture of Ranbaxy promoters Malvinder and Shivinder Mohan Singh, and since then, has grown to become a leading financial services provider in India.
The businesses at Religare have been designed to offer a complete suite of financial products and services across multiple asset classes and customer segments. Religare’s businesses span a diverse range of financial services, including asset management, securities, private wealth management, retail broking, commodities trading and investments, venture capital, insurance and health insurance.
The company has also diversified into non-banking activities, such as offering alternative asset management products like private equity, structured finance, and infrastructure finance.
What is religare new name?
In 2020, Religare Enterprises Limited announced that it has rebranded itself from Religare to Wellthy Therapeutics. This new name is a fusion of the words ‘wellness’ and ‘therapeutics’; it reflects the company’s aim to focus on providing innovative solutions and wellness therapies that help the people to lead a healthier, happier life.
Founded in 2002, Religare had procured a strong position in the health tech and health insurance space, and had created pioneering healthcare solutions with a focus on preventive healthcare. With the new name, it is shifting its emphasis to therapies and wellness solutions.
The company intends to use its expertise to develop advanced solutions and services to create a healthier and better world. It plans to build upon its already existing expertise and expand into health technology and products.
As a part of this transformation, the company will be introducing new products, services, and solutions that can benefit customers, businesses, and healthcare providers across the world.
Is Religare a good company?
Religare is a financial services group based in India that provides asset management, wealth management, broking and advice, financing, insurance, and health and wellness services. Overall, the company has a good reputation, with a rating of 4.
5 stars from customers on Google reviews. What’s more, Religare has earned ‘Best Brokerage Company in India’ for 2019 and 2020 by the Financial Express and retains certifications such as ISO 9001: 2015 for Quality Management Systems.
In terms of its financial performance, Religare has reported strong profit growth in recent years. For the year ending March 2020, it reported a net profit of Rs 1,148 crore ($152 million), a 22. 7 percent increase from the previous year.
The company also has a healthy balance sheet with a current ratio of 1. 14 as of March 2020.
From a customer perspective, many customers are satisfied with Religare’s services. On Google reviews, many customers write that they are pleased with the customer service and the quality of advice they receive.
Additionally, customers report that they appreciate the low brokerage fees, no depreciation in investment value, and the wide range of investments available.
In conclusion, Religare appears to be a good company for customers. Its financial performance is strong, customer reviews are positive, and its certifications and accolades indicate that it is a quality company.
Which is Better Angel Broking or Religare?
The answer to this question largely depends on the needs and preferences of the individual investor. Both Angel Broking and Religare have strengths and weaknesses that should be taken into consideration.
Angel Broking has been providing stock broking services since 1986 and is now India’s most preferred retail broking house. It offers a wide range of services, including online trading, margin trading, and IPOs.
Customers can open a trading account with Angel Broking with a minimum balance of Rs. 10,000. Additionally, Angel Broking customers can avail of several discounts, such as zero account maintenance fees and no minimum brokerage fees.
On the other hand, Religare is relatively newer to the broking industry and has been promoted by the Religare Enterprises Ltd. It is more suited for high-end investors who have a substantial background knowledge of stock markets and who can easily understand and appreciate the more complex set of features that Religare offers.
Its services include research, trade executions, and portfolio construction tools. It also provides access to global markets and is available in 8 languages. Furthermore, as an incentive for opening accounts with Religare, customers can avail of a free trading account with absolutely no charges for the first 30 days.
To conclude, it is hard to declare which is better between Angel Broking and Religare because it essentially depends on the individual investor’s requirements. Investors should carefully compare and evaluate the offerings of both companies and choose the one best suited to their needs.
How can I complaint to Religare?
If you would like to register a complaint with Religare, you can do so in a number of ways.
The most direct way is to contact Religare customer service on their toll-free number at 1 800-200-3535. If you would like to talk to a customer service representative, please select option 1 on the automated system.
You can also lodge a complaint under the “Grievance Redressal” link on the Religare website. The website directs you to a place to fill out an online form with your contact details and a description of your complaint.
Afterward, you will be contacted by Religare customer service.
You can also lodge a complaint with the National Consumer Helpline at 1 800-114-101, or submit a formal complaint in writing to Religare’s customer service team at the following address:
Religare
Customer Service
3rd Floor, The Millenia Tower A
Murphy Road, Ulsoor
Bangalore – 560008
It is important to include your customer / account number and all relevant details in your written communication to Religare.
In case the resolution of your complaint is not to your satisfaction, you can write to the Chief Grievance Officer at [email protected], who is the appointed ombudsman of the company.
You can also escalate your issue to SEBI or SEBI’s investor grievance redressal system, or register your complaint through the Incognito portal– https://scores.gov.in/.
Is Religare profitable?
Religare is a financial services company based in India. They offer a wide range of services, including wealth management, institutional broking, private equity, asset management and others. In 2019, Religare had a net profit of USD 77 million.
This was a 37% increase on their net profit from the previous year. This makes Religare a profitable company for 2019. Along with their profits, Religare has also seen a significant increase in customer base over the last year.
They currently serve more than 800,000 customers in over 300 cities. In addition to this, they continue to expand their services and offerings. This strong performance, coupled with their customer base growth, speaks volumes to how successful Religare has been and is likely to remain profitable in the future.
How is profit and loss calculated in Religare?
Profit and loss in Religare is calculated as the difference between total revenue and total costs. Total revenue is the total amount of income earned, while total costs include the expenses involved in running the business.
This includes costs related to labor, raw materials, supplies, distribution and other related costs.
For example, if a business earns $500 in revenue, and they have paid out $400 in costs, then their profit and loss would be calculated as $500 – $400, resulting in a $100 profit. This profit can then be used to invest in the business or distributed to shareholders.
The profit and loss calculation for each business transaction is important for businesses to accurately measure their financial performance and track their progress over time. Religare’s reporting system provides a detailed record of the company’s profits, losses and overall financial performance, giving you an accurate picture of the company’s financials.
Is Aegon and Religare same?
No, Aegon and Religare are not the same. Aegon is an international life insurance company based in the Netherlands that has operations in Europe, the United States, Brazil, India and other countries.
Religare is a leading financial services group in India that provides a range of investment and insurance products and services to individuals, families and institutions. They offer a broad range of financial services including investments, banking, insurance, financial planning, corporate finance and wealth management.
While both Aegon and Religare are related to finance and insurance, the services and products they offer are quite different and so are their operations.
Who took over Religare Health Insurance?
In March 2021, it was announced that True North, a leading private equity firm based in India, has completed the acquisition of Religare Health Insurance (RHI). The acquisition marks the merger of two prominent firms in the sector, True North and RHI, in a strategic move to create a successful and leading healthcare insurance provider in the Indian market.
The acquisition was backed by a consortium of investors led by True North and includes State Bank of India Life Insurance, Bajaj Allianz General Insurance, and Orange Sports & Entertainment.
True North’s investment in RHI will provide a significant financial boost in the form of access to additional capital and resources, allowing it to further expand its operations across India. True North also plans to bring its expertise in operational efficiency and risk management to the forefront in order to optimize the premiums collected and ultimately deliver greater value to policyholders.
The combined entity will continue to operate under the established Religare brand and will strive to provide customers with an industry-leading experience.
The acquisition of RHI by True North is part of a larger trend of consolidation in the sector as companies look for new ways to increase their market share and create economies of scale. It is hoped that the merger will also lead to improvements in the quality of service provided, as well as creating more job opportunities for those looking to work in the insurance sector.
What are the top 5 health insurance companies?
The top 5 health insurance companies in the United States are UnitedHealth Group, Anthem, Aetna, CVS Health, and Humana.
UnitedHealth Group is the largest health insurer in the US, currently holding 15% of the market share. They offer health plans through their functioning health services business, UnitedHealthcare. UnitedHealthcare offers a wide range of plans, such as traditional health insurance, plans linked to medical savings accounts, and plans with networks of doctors and hospitals.
Anthem, Inc. is the second largest health insurer in the US. Currently, they hold 8% of the market share and provide health plans to over 39 million Americans. Anthem also provides health plans to businesses, health care providers and government agencies including state Medicaid programs.
Anthem provides a host of different plans, such as preferred provider organiziations (PPOs), health maintenance organizations (HMOs), point-of-service plans and limited health care flex plans.
Aetna is the third largest health insurer in the US, currently holding 6. 9% of the market share. Aetna is known for its wide range of health products, such as health maintenance organizations, preferred provider organizations, point-of-service plans, indemnity plans, and consumer-driven health plans.
CVS Health is the fourth largest health insurer in the US, currently holding 6% of the market share. CVS Health provides quality health care coverage through its Medicaid and Medicare business, pharmacy benefits management services, individual marketplace products, and employer-based and other traditional plan designs.
Humana is the fifth largest health insurer in the US, currently holding 5. 3% of the market share. Humana provides a wide array of health products and services, including traditional health plans, consumer-directed health plans, Medicare and Medicaid programs and veterinary plans.
What does Religare company do?
Religare is a financial services group based in India that provides a wide range of services, including asset management, broking, investment banking, advisory services, insurance, and treasury products and services.
They cater to all types of customers, ranging from retail investors to large financial institutions. Their asset management services include both equity and debt products, enabling customers to create diversified portfolios tailored to their needs.
Their broking services cover a wide range of products including equities, commodities, and derivatives. Customers have access to the latest market news and research as well as sophisticated trading tools.
Investment banking services include equity and debt offerings, mergers and acquisitions, and more. They provide a variety of advisory services designed to help customers optimise corporate performance.
Religare also offers insurance products, both through their own products and in partnership with third-party providers. On the treasury side, customers receive access to efficient fund mobilisation and investment solutions.
