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Religare
3.8
based on 596 Reviews
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Company Overview
Associated Companies
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Working at Religare
Company Summary
Religare Broking is one of the market-leading security firms in India serving over 10 lakh customers
Overall Rating
3.8/5
based on 596 reviews
On-Par with
industry average
Critically rated for
Promotions, Skill development, Work satisfaction
Work Policy
Work from office
89% employees reported
Monday to Friday
62% employees reported
Strict timing
56% employees reported
No travel
48% employees reported
View detailed work policy
Top Employees Benefits
Health insurance
20 employees reported
Job/Soft skill training
14 employees reported
Cafeteria
9 employees reported
Office cab/shuttle
7 employees reported
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About Religare
Founded in1984 (41 yrs old)
India Employee Count1k-5k
Global Employee Count1k-5k
India HeadquartersNew Delhi, Delhi, India
Office Locations
--
Websitereligareonline.com
Primary Industry
Other Industries
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Religare Broking Limited (RBL) is a wholly owned subsidiary of Religare Enterprises Limited (REL) and is one of the market leading securities firms in India serving over 10 lakh clients across both Offline and Online platforms. Through its extensive footprint extending to over 400 cities, the company offers broking services in Equity, Currency and Commodity (through its subsidiary Religare Commodities Limited) as well as depository participant services.RBL is a member of the NSE, BSE, and MSEI and a depository participant with NSDL and CDSL. RBL also offers TIN facilitation & PAN facility at select branches - a unique service to help an individual with PAN, TAN and TDS/TCS returns related requirements. In addition, RBL is an NSDL-appointed enrolment agency for Aadhaar UID (Unique Identification Number) and an AMFI-registered mutual fund distributor.The platform has been endorsed by various awards. The Head of Retail Distribution of RBL was conferred with the ‘Top Equity Personality of the Year’ award at The BSE Commodity Equity Outlook (CEO) Weekend Awards 2017. RBL was awarded the ‘Top Performer in New Account Opened (Non- Bank Category)’ at the NSDL Star Performer Awards 2017.
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Religare Ratings
based on 596 reviews
Overall Rating
3.8/5
How AmbitionBox ratings work?
5
257
4
153
3
85
2
31
1
70
Category Ratings
3.6
Company culture
3.6
Job security
3.6
Work-life balance
3.4
Salary
3.3
Work satisfaction
3.2
Skill development
3.1
Promotions
Religare is rated 3.8 out of 5 stars on AmbitionBox, based on 596 company reviews.This rating reflects an average employee experience, indicating moderate satisfaction with the company’s work culture, benefits, and career growth opportunities. AmbitionBox gathers authentic employee reviews and ratings, making it a trusted platform for job seekers and employees in India.
Read more
Gender Based Ratings at Religare
based on 556 reviews
3.7
Rated by 124 Women
Rated 3.7 for Company culture and 3.7 for Job security
3.8
Rated by 432 Men
Rated 3.6 for Work-life balance and 3.6 for Company culture
Work Policy at Religare
based on 42 reviews in last 6 months
Work from office
89%
Hybrid
11%
Religare Reviews
Top mentions in Religare Reviews
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Compare Religare with Similar Companies
 |  Change Company |  Change Company |  Change Company | |
|---|---|---|---|---|
Overall Rating | 3.8/5 based on 596 reviews | 3.6/5 based on 1.3k reviews | 3.6/5 based on 1.6k reviews | 3.9/5 based on 1.9k reviews |
Highly Rated for |  No highly rated category | No highly rated category | No highly rated category | Job security Skill development Work-life balance |
Critically Rated for | Promotions Skill development Work satisfaction | Promotions Work satisfaction Company culture | Promotions Skill development Salary |  No critically rated category |
Primary Work Policy | Work from office 89% employees reported | Work from office 78% employees reported | Work from office 86% employees reported | Work from office 92% employees reported |
Rating by Women Employees | 3.7 Good rated by 124 women | 3.6 Good rated by 347 women | 3.6 Good rated by 366 women | 3.8 Good rated by 402 women |
Rating by Men Employees | 3.8 Good rated by 432 men | 3.6 Good rated by 919 men | 3.6 Good rated by 1.2k men | 4.0 Good rated by 1.4k men |
Job security | 3.6 Good | 3.6 Good | 3.6 Good | 4.0 Good |
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Religare Salaries
Religare salaries have received with an average score of 3.4 out of 5 by 596 employees.
Relationship Manager
(263 salaries)
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₹1.8 L/yr - ₹5.5 L/yr
Deputy Manager
(141 salaries)
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₹3 L/yr - ₹9.2 L/yr
Equity Dealer
(73 salaries)
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₹1.5 L/yr - ₹4.5 L/yr
Senior Relationship Manager
(68 salaries)
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₹3 L/yr - ₹6.1 L/yr
Operations Executive
(45 salaries)
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₹2 L/yr - ₹3.8 L/yr
Branch Manager
(44 salaries)
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₹3.9 L/yr - ₹10 L/yr
Back Office Executive
(42 salaries)
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₹1.2 L/yr - ₹4.1 L/yr
Relationship Manager Dealing
(40 salaries)
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₹2.2 L/yr - ₹4.1 L/yr
Equity Advisor
(30 salaries)
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₹2 L/yr - ₹4.5 L/yr
Senior Software Engineer
(21 salaries)
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₹9.5 L/yr - ₹16.1 L/yr
Religare Interview Questions
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Religare Jobs
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Religare News
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Religare Asks Subsidiaries To Initiate Removal Of Rashmi Saluja From Their Boards
- Religare Enterprises Ltd. has directed its subsidiary companies to initiate the process for the removal of Rashmi Saluja, former executive chairperson, from their respective boards.
- The board of directors of Religare passed a resolution recommending the removal of Rashmi Saluja and Rakesh Asthaana, retired DG Border Security Force, from their respective boards and committees.
- Some of the subsidiaries of Religare include Religare Finvest Ltd., Care Health Insurance and Religare Broking Ltd.
- The Burman family, after acquiring a controlling stake in Religare Enterprises, holds 25.16% of the company's shareholding.
Bloomberg Quint | 26 Feb, 2025
SEBI rejects Danny Gaekwad’s competing bid for Religare open offer
- SEBI has rejected Danny Gaekwad's competing bid for Religare's open offer.
- Gaekwad failed to deposit the required amount and obtain necessary regulatory approvals.
- SEBI stated that granting the exemption would not be in the interest of shareholders.
- The Burmans' open offer concluded with only 0.26% of the total offer receiving bids.
HinduBusinessLine | 14 Feb, 2025
Sebi rejects Danny Gaekwad’s competing bid for Religare open offer
- Securities and Exchange Board of India (Sebi) rejected the competing bid of businessman Danny Gaekwad for the open offer of Religare.
- Gaekwad failed to deposit the required amount and did not apply for necessary regulatory approvals for the open offer.
- Sebi stated that Gaekwad's application did not demonstrate adequate proof of financial resources and appeared frivolous.
- The market regulator also raised questions on the merchant banker's due diligence for accepting Gaekwad's mandate.
HinduBusinessLine | 14 Feb, 2025
Delhi HC turns down plea for relief by Saluja in Religare case
- The Delhi High Court has turned down the plea for relief by Saluja, who sought to remain as a director in the Religare case.
- The Court recognized that the case raises intricate questions involving the interpretation of statutory requirements and declined to grant the injunction sought.
- The decision is a significant chapter in the Burman-Saluja-Religare dispute that has gripped the corporate world in recent months.
- In addition to Saluja's case, another minority shareholder has filed a separate case raising questions about the overall governance framework at REL.
HinduBusinessLine | 4 Feb, 2025
InGovern wants investors to vote against Saluja’s reappointment at Religare AGM
- InGovern proxy firm is urging investors to vote against the reappointment of Saluja at Religare's AGM.
- Saluja has moved Delhi High Court to halt voting on her reappointment at the AGM.
- Four independent directors of Religare have appointed legal counsel to contest Saluja's claims.
- Recent developments highlight corporate governance concerns and ongoing shareholder disputes at Religare.
HinduBusinessLine | 3 Feb, 2025
Delhi HC rejects another attempt to stall Religare AGM, Burman open offer
- The Delhi High Court has rejected an attempt to stall the Religare annual general meeting (AGM) and the open offer by the Burman family.
- The court highlighted that there was no valid competing offer currently in place before the market regulator SEBI.
- The original open offer by the Burmans can proceed without hindrance, as SEBI had returned the exemption request filed by Florida-based businessman Danny Gaekwad.
- The valuation underlying the Burman family's open offer was challenged due to the conditional nature of the Reserve Bank of India (RBI) approval.
HinduBusinessLine | 30 Jan, 2025
Religare takeover battle heats up: Danny Gaekwad vows to keep his bid alive
- Danny Gaekwad is determined to keep his bid for Religare alive.
- He plans to approach SEBI again and follow the required procedures.
- Gaekwad believes his offer of ₹275 per share is more beneficial for minority shareholders.
- His move introduces fresh uncertainty into the takeover process, potentially complicating the path forward.
HinduBusinessLine | 29 Jan, 2025
SEBI ‘returns’ Gaekwad’s letters for competing offer in Religare ‘takeover’
- SEBI has returned the letters from Digvijay Laxmansingh Gaekwad regarding his intent to acquire 55% of REL at ₹275 per share.
- SEBI clarified that the letters were not an exemption application under Regulation 11 of SEBI (SAST) Regulations, 2011.
- Experts have differing views on whether this SEBI response can be considered as a rejection of Gaekwad's request.
- Shriram Subramanian, Founder & MD of InGovern Research, believes that SEBI tactfully rejected Gaekwad's letter and his competing offer has no grounds for consideration.
HinduBusinessLine | 28 Jan, 2025
Battle for Control: Danny Gaekwad bids to seize 55% stake in Religare, writes to REL Board
- Danny Gaekwad has written a letter to the REL Board, expressing his intent to acquire a controlling 55% stake in Religare.
- Gaekwad seeks exemption from statutory timelines under the Takeover Code to launch a competing offer.
- He emphasizes his seriousness by readying a merchant banker and opening an escrow account as required.
- Experts and proxy advisors have mixed views on Gaekwad's offer, with concerns about violating set timelines and procedures.
HinduBusinessLine | 27 Jan, 2025
Religare Broking partners with FPSB India to boost financial planning standards
- Religare Broking has partnered with FPSB India to enhance financial planning standards.
- Under the agreement, Religare Broking's team will have access to the CFP certification program.
- The partnership aims to strengthen the expertise of Religare Broking's team in providing comprehensive financial guidance to clients.
- FPSB India currently has 2,700 CFP professionals, contributing to the global network of certified professionals.
HinduBusinessLine | 19 Nov, 2024
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Religare Subsidiaries
Care Health Insurance
3.6
• 1.9k reviews
Religare Finvest
4.5
• 214 reviews
Religare Enterprises
4.0
• 35 reviews
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Religare FAQs
When was Religare founded?
Religare was founded in 1984. The company has been operating for 41 years primarily in the Financial Services sector.
Where is the Religare headquarters located?
Religare is headquartered in New Delhi, Delhi.
How many employees does Religare have in India?
Religare currently has more than 1,000+ employees in India. BFSI, Investments & Trading department appears to have the highest employee count in Religare based on the number of reviews submitted on AmbitionBox.
Does Religare have good work-life balance?
Religare has a Work-Life Balance Rating of 3.6 out of 5 based on 500+ employee reviews on AmbitionBox. 69% employees rated Religare 4 or above, while 31% employees rated it 3 or below on work-life balance. This indicates that the majority of employees feel a generally balanced work-life experience, with some opportunities for improvement based on the feedback. We encourage you to read Religare work-life balance reviews for more details
Is Religare good for career growth?
Career growth at Religare is rated as moderate, with a promotions and appraisal rating of 3.1. 31% employees rated Religare 3 or below, while 69% employees rated it 4 or above on promotions/appraisal. This rating suggests that while some employees view growth opportunities favorably, there is scope for improvement based on employee feedback. We recommend reading Religare promotions/appraisals reviews for more detailed insights.
What are the cons of working in Religare?
Working at Religare does have some drawbacks that potential employees should consider. The company is poorly rated for promotions / appraisal, skill development and work satisfaction, based on 500+ employee reviews on AmbitionBox.
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