Religare Broking taps Vijay Kumar Goel as managing director

NEW DELHI: Religare Broking has appointed Vijay Kumar Goel as managing director, reinforcing its leadership as the firm steps up efforts to scale its core broking business and expand wealth product distribution.

Based in New Delhi, Goel will lead the company’s strategic growth agenda, with a focus on client engagement, digital platforms and research capabilities, as India’s capital markets are reshaped by rising retail participation and accelerating digitisation.

A chartered accountant and cost accountant, Goel brings more than three decades of experience across broking, retail NBFCs, asset management, investment and insurance distribution, private wealth management and affordable home finance.

He spent over 14 years at the Motilal Oswal group, serving as managing director and chief executive officer across its broking and distribution, private wealth management and home finance businesses. Earlier, he spent 11 years with the Aditya Birla group, where he began his career in 1994 across multiple financial services verticals.

Most recently, Goel worked independently as an executive coach and business growth consultant, advising financial services firms and mentoring senior leadership teams.

Religare Enterprises group CHRO Indranil Choudhury, said the appointment underlined the group’s focus on strengthening its broking and wealth distribution engines while deepening customer-centric, technology-led capabilities.

Goel said India’s capital markets were entering a phase of structural growth, driven by expanding investment products and higher retail engagement. He added that Religare Broking’s platform and legacy provided a strong base to build differentiated and scalable growth through sharper product propositions and deeper client relationships.

Religare Broking is a wholly owned subsidiary of Religare Enterprises, with a presence across more than 400 cities and a customer base exceeding 1 million.