Religare, a diversified financial services group, has selected HP blade server technology to support business growth and mitigate risk.
Over the last 4 years, Religare Enterprises Limited (REL) has grown both organically and through acquisitions. The firm also has established an international reach from a pan-Indian company to operations in the UK, USA, Brazil, South Africa, Dubai and Singapore. At the same time Religare added to its portfolio areas like life insurance, asset management and technology sectors. A consequence of this growth has been server sprawl and increased the risk of downtime with critical applications residing on multiple server platforms.
To improve server utilization and minimize risk, Religare chose to migrate its mission critical applications and database to HP ProLiant BL460c servers housed within HP BladeSystem c7000 enclosures. This implementation consolidated multiple servers, improving efficiency and providing scalability to support further business growth. Reliability and ease of installation were also key factors in Religare’s decision.
“Considering our portfolio and customer base, it is a business imperative to be able to scale our technology infrastructure to meet growing demands,” said G. N. Nagaraj, Director & Chief Technology Officer, Religare Enterprises Limited. “All of Religare's mission critical applications and database now reside on HP Blade servers providing for our future growth. These servers are scalable, reliable and more manageable.”
“Organizations who are looking to expand their operations commonly face challenges such as server sprawl and its associated risk,” said Rajesh Dhar, Director, Industry Standard Servers, HP India. “For Religare, HP Blade servers are delivering reliability, ease of management and the ability to expand with the business. With superior energy efficiency Religare is also lowering lifecycle costs.”
About Religare Enterprises Limited
A diversified financial services group with a pan-India presence and presence in multiple international locations, Religare Enterprises Limited (“REL”) offers a comprehensive suite of customer-focused financial products and services targeted at retail investors, high net worth individuals and corporate and institutional clients.
REL, along with its joint venture partners, offers a range of products and services in India, including asset management, life insurance, wealth management, equity and commodity broking, investment banking, lending services, private equity and venture capital. Religare has also ventured into the alternative investments sphere through its holistic arts initiative and film fund.
With a view to expand and diversify, REL operates in the life insurance space under ‘Aegon Religare Life Insurance Company Limited’ and has launched India’s first wealth management joint venture under the brand name ‘Religare Macquarie Private Wealth’.
REL, through its subsidiaries, has launched India’s first holistic arts initiative – with a gallery -- as well as the first SEBI approved film fund, which is an initiative towards innovation and spotting new opportunities for creation and maximization of wealth for investors.
REL operates from 7 domestic regional offices, 41 sub-regional offices, and has a presence in 537 cities and towns controlling 1,961 business locations all over India, as on September 30, 2009.
To make a mark in the global arena, REL acquired UK-based Hichens, Harrison & Co. in 2008 which was subsequently re-named as Religare Hichens Harrison PLC (“RHH”). Hichens, Harrison & Co. was incorporated in London in the year 1803 and is believed to be one of the oldest firms of stockbrokers in the City of London.
Pursuant to expansion of REL’s business, the company has grown from largely an equity trading company into a diversified financial services company. With the addition of RHH the REL group now operates out of multiple global locations, other than India, (the UK, the USA, Brazil, South Africa, Dubai and Singapore).
For more information, please visit - www.religare.in
“Religare Enterprises Limited proposes, subject to receipt of requisite approvals, market conditions and other considerations, to make a rights issue of its equity shares to its existing shareholders and has filed a draft letter of offer (“DLOF”) with the Securities and Exchange Board of India (“SEBI”). The DLOF is available on the website of SEBI at www.sebi.gov.in as well as on the websites of the lead manager at www.enam.com. Investment in equity shares involves a high degree of risk and for details relating to the same, please refer to the section titled “Risk Factors” of the DLOF.”
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