| Insurance | Standalone health insurance products with a broad portfolio across retail, group, personal accident, and travel insurance. | Strong market share, extensive hospital network, multi-channel distribution, and superior claim settlement ratio. | Retail individuals, corporates, SME clients; B2C heavy focus with B2B group products. | Retail and corporate health insurance segments. | 6901 | 93 | Premium collections, investment income, and service fees. | Premium-based recurring revenue. | Rising retail health awareness, digital channels, product innovation, and expanding network. | Care Health Insurance Limited |
| Broking Related Activities | Retail equity and commodity broking, e-governance services, wealth distribution. | Strong brand, integrated service offering and broad distribution network. | Retail investors across 400+ Indian cities; B2C focus with digital and physical presence. | Wealth distribution and e-governance. | 320 | 4 | Brokerage fees, e-governance income, interest on client funding. | Transactional fees, recurring commissions, and service fees. | Digital technology adoption, growing retail participation, and platform innovation. | Religare Broking Limited, Religare Digital Solutions Limited |
| Investment and Financing Activities | SME loans, affordable housing finance, investment advisory and lending products. | Long-term sector experience, governance improvements, and strong parent support. | Micro, Small, and Medium Enterprises, low/mid-income homebuyers; B2B and B2C. | SME and affordable housing loans. | 100 | 1 | Interest income and fee-based services from lending portfolios. | Interest and fee-based recurring revenue. | Post regulatory clearance growth in loan book, strategic co-lending partnerships. | Religare Finvest Limited, Religare Housing Development Finance Corporation Limited |
| E-Governance | Digital platform services including payments, PAN/TAN applications, insurance and investment product distribution. | Nationwide franchise network, digital ecosystem integration. | Retail consumers and agents across India; B2C and B2B2C model. | Digital transaction services. | 59 | 1 | Service fees, commissions from transactions processed through platform. | Usage-based and transaction fees. | Expanding agent network and increased digital adoption in rural/urban areas. | Religare Digital Solutions Limited |
