Religare Technova

Religare Technova Limited is the holding company of the IT businesses of a large diversified Indian transnational promoter group, pursuing aggressive business interests in Financial Services, Health Care and Wellness, Pharmaceuticals, Aviation and Travel. Other group entities include Religare Enterprises, Fortis HealthCare, Fortis HealthWorld, Ranbaxy Laboratories, SRL Ranbaxy and Regius Aviation.

Promoter Group

The Promoter Group behind Religare Technova carries the legacy of various successful companies across industries. The Board of Directors include:

1) Mr. Malvinder Mohan Singh

2) Mr. Sunil Godhwani

3) Mr. Shivinder Mohan Singh

4) Mr. Maninder Singh Grewal

5) Mr. Harpal Singh

6) Mr. Padam Bahl

7) Mr. Vikram Sahgal

8) Dr. P S Joshi

9) Mr. J W Balani

10) Ms. Sunita Naidoo

Entities under the Religare Technova umbrella

The companies under Religare Technova’s umbrella are Religare Technova IT Services Limited, which provides Enterprise IT Solutions; Religare Technova Business Intellect Ltd, which provides Knowledge Management Solutions; Asian CERC Information Technology Ltd and Capital Market Solutions Pty Ltd, leaders in providing Enterprise Software Solutions to the Capital and Financial markets.

Global Reach

Currently with over 1500 employees and presence in over 10 countries, Religare Technova is poised to be a leader in the global IT space. The group entities have partnered with IT majors, Independent Software Vendors (ISVs) and Internet companies to provide a broad spectrum of IT services, products and solutions to their customers. Religare Technova delivers a broad portfolio of information technology and business process outsourcing solutions to clients in key verticals such as Banking and Financial Services, Insurance, Capital Markets, Healthcare, Manufacturing, Automotive and Steel amongst others.

Acquisitions

The holding company Fortis Financial entered into a share-purchase and subscription agreement with ACERC Information Technology for acquiring 23.52 lakh equity shares.

Fortis Financial Services Ltd, which is a substantial stakeholder of ‘Asian CERC Information Technology Ltd’ (ACERC) — a leading capital market software provider — acquired Capital Market Solutions Pvt Ltd (CMS) — an Australian software major providing solutions and services to financial markets in Asia Pacific and UK.

Fortis Financial Services acquired 76 per cent equity of CMS through Regius Infotech Private and Regius Overseas Holding Company, Mauritius — a special purpose vehicle formed by it.

Offerings

Below are the offerings by the companies under the Religare Technova identity:

1) Enterprise IT - System Integration, Business Solutions and Managed Services

2) Knowledge Management - BPO, KPO and HRO

3) Financial Products and Services

References

* [http://www.religaretechnova.com "Official Website"]
* [http://www.thehindubusinessline.com/2007/11/21/stories/2007112152321600.htm "Fortis Financial Acquires Capital Market Solutions"]
* [http://economictimes.indiatimes.com/News/News_By_Industry/Banking_Finance_/Finance/Fortis_Financial_acquires_76_in_Australias_Capital_Market/rssarticleshow/2555759.cms "Fortis Financial acquires 76% in Australia’s Capital Market"]
* [http://www.tribuneindia.com/2006/20060815/biz.htm#10 "Fortis Financial to acquire stake in ACERC"]
* [http://www.religaretechnova.com/pdf/news.pdf "Ranbaxy Bosses work nonstop on IT, ITeS biz"]
* [http://www.equitybulls.com/admin/news2006/news_det.asp?id=34800 "Fortis Financial Services named to 2008 Microsoft Dynamics President's Club"]
* [http://www.ndtvprofit.com/2008/07/29111320/Fortis-Financial-Services-to-c.html "Fortis Financial Services to change its name"]