Religare Enterprises loses three senior executives in two months

MUMBAI: Three senior executives at Religare Enterprises (REL) have resigned in the past two months.

On Friday, REL informed the stock exchanges that its newly-appointed company secretary and compliance officer, Rajat Kalra, has resigned. Kalra, who was appointed on October 8, submitted his resignation on October 24.

He had joined in the place of Reena Jayara who had left the New Delhi-based financial services firm on October 7. The group's chief financial officer Nitin Aggarwal also quit the company on November 12.


Aggarwal and Religare's chairperson Rashmi Saluja were among the Religare officials whose premises were searched by the Enforcement Directorate (ED) in August. The investigation was related to allegations of funds being siphoned off from Religare Finvest, a non-bank finance company (NBFC) of the Religare Group.

Religare did not respond to ET's queries.

Saluja has been involved in a takeover battle with the Burman family, the largest shareholder of REL, with both sides exchanging allegations against each other.