September 25, 2016 3:44 PM ET

Consumer Finance

Company Overview of Religare Finvest Limited

Company Overview

Religare Finvest Limited, a non-banking finance company, provides various financing products and services for small and medium enterprise, and retail customers in India. It offers loans against residential or commercial properties, unsecured working capital loans, secured business expansion loans, short term trade finance, capital market loans, loans against securities, and others, as well as various financing services. The company was formerly known as Fortis Finvest Limited and changed its name to Religare Finvest Limited in April 2006. Religare Finvest Limited was incorporated in 1995 and is based in Gurgaon, India. Religare Finvest Limited is a subsidiary of Religare Enterprises Limited.

Paras Twin Towers, Tower B

9th Floor

Golf Course Road

Sector 54

Gurgaon,  122002

India

Founded in 1995

Phone:

91 124 39 411 411

Key Executives for Religare Finvest Limited

Chief Executive Officer, Managing Director, Director, Member of Loan/Investment & Borrowing Committee, Member of Asset-Liability Committee, Member of Risk Management Committee and Member of Share Allotment Committee
Age: 45
President and Chief Operating Officer
President, Chief Risk Officer, Member of Asset-Liability Committee and Member of Risk Management Committee
President, Chief Financial Officer and Member of Asset-Liability Committee
Age: 48
Director, Member of Risk Management Committee, Member of Loan/Investment & Borrowing Committee, Member of Audit Committee, Member of Asset-Liability Committee, Member of Share Allotment Committee and President of Religare Enterprises Limited
Age: 47
Compensation as of Fiscal Year 2016.

Religare Finvest Limited Key Developments

Religare Finvest Limited Reports Unaudited Standalone Earnings Results for the Second Half and Year Ended March 31, 2016

Religare Finvest Limited reported unaudited standalone earnings results for the second half and year ended March 31, 2016. For the second half, the company reported total income of INR 13,085.9 million against INR 11,378.673 million a year ago. Operating profit before provision and contingencies was INR 2,726.058 million against INR 2,251.618 million a year ago. Profit from ordinary activities before tax was INR 2,268.287 million against INR 2,079.539 million a year ago. Net profit for the period was INR 1,563.748 million against INR 1,329.363 million a year ago. Diluted earnings per share were INR 7.02 against INR 6.14 a year ago. Return on average total assets was 0.77% against 0.78% a year ago. For the year, the company reported total income of INR 25,282.883 million against INR 21,632.131 million a year ago. Operating profit before provision and contingencies was INR 5,139.005 million against INR 4,301.834 million a year ago. Profit from ordinary activities before tax was INR 4,366.773 million against INR 3,957.441 million a year ago. Net profit for the period was INR 2,951.395 million against INR 2,567.818 million a year ago. Diluted earnings per share were INR 13.39 against INR 11.83 a year ago. Return on average total assets was 1.55% against 1.64% a year ago.

Religare Finvest Limited Announces Change in the Corporate Office

Religare Finvest Limited has announced that the company has shifted its corporate office from "D3, P3B, District Centre, Saket, New Delhi-110017" to "9th Floor, Tower-B, Paras Twin Towers, Golf Course Road, Gurgaon, Sector-54, Haryana-122002." Tel No.: 0124-6180200, Fax No. 0124-6180368, with effect from April 04, 2016. Further, the company's registered office will continue to remain at the same address, that is, D3, P3B, District Centre, Saket, New Delhi-110017.

Religare Finvest Limited to Open Issue of Series LV Secured Rated Listed Redeemable Non-Convertible Debentures

Religare Finvest Limited announced that it will open issue of series LV secured rated listed redeemable non-convertible debentures of INR 1,000,000 each for cash at par for an issue size upto INR 2,000 million on private placement basis of the company on March 30, 2016.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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