After a well-planned exit from Ranbaxy Laboratories, Malvinder and Shivender Singh are on a fast track. And if activities in the financial services space are any indication, Religare Enterprises tops their agenda list.
According to industry sources, the integrated financial services firm is now planning to set up multi-product, multi-brand retail stores in the personal finance space. The new retail initiative, under the brand name Finmart, will serve as a one-stop destination for personal finance needs of an individual.
Sources disclosed that the company would invest more than Rs 100 crore over the next 10-12 months to set up 200 such stores across the length and breadth of the country. “Religare wants to go a step beyond its competitors.
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