Singh brothers shift gear amid headwinds

The focus is on a move to a 'cleaner and tighter structure' amid top-level exits

Within days of announcing a Rs 1,300-crore deal to sell the group’s health insurance business, once a listing aspirant, to private equity firm True North, Religare Enterprises promoters Malvinder Mohan Singh and Shivinder Mohan Singh are busy responding to former partner-turned-bitter rival Daiichi Sankyo’s petition to stall the move in the Delhi High Court. 

The Singh brothers, flamboyant entrepreneurs who have scaled up, bought and sold businesses, are in the process of an ambitious exercise to move to a cleaner and smarter structure of their key businesses that now spread across four listed firms in financial services and health care.