Dabur's Anand Burman, Mohit Burman, Aditya Burman set to join Religare Board

Three members of Dabur’s Burman family – Anand Burman, Mohit Burman, and Aditya Burman – are set to join the board of Religare, a financial services firm that the family now controls and intends to pump further capital into, as per a stock exchange disclosure.

Their appointments are subject to approval from the Reserve Bank of India.

The company also approved the re-designation of interim chief financial officer Pratul Gupta, who will now be designated as chief financial officer.


In July, the Burman family-led promoter group of Religare Enterprises Limited (REL) agreed to invest Rs 750 crore in the company as part of a Rs 1,500 crore capital raise approved by the board.

Other investors who will participate in the overall fund raise are Ashish Dhawan, JM Financial, and Hindustan Times Group.

Religare is in the business of loans, affordable housing finance, health insurance, and retail broking.

The Burmans took a controlling stake in Religare in February this year after their open offer to minority shareholders was successfully executed. They were locked in a hard-fought battle with the company's previous management, led by Rashmi Saluja, who was resisting the open offer.