Religare Broking Limited, one of India’s leading full-service brokerage firms, has appointed Vijay Kumar Goel as its Managing Director, reinforcing its leadership team as the company accelerates growth across its core broking business and wealth product distribution platform.
In his new role, Goel will lead Religare Broking’s strategic growth agenda, with a focus on strengthening client engagement, expanding distribution of investment and wealth products, and further enhancing the firm’s digital, research, and technology-led capabilities in line with the evolving landscape of India’s capital markets.
Veteran Leader with Over Three Decades of Financial Services Experience
A national rank holder Chartered Accountant and a qualified Cost Accountant, Vijay Kumar Goel brings more than 30 years of experience across banking and financial services. His expertise spans broking, retail NBFCs, asset management, investment and insurance distribution, private wealth management, and affordable home finance.
Goel spent over 14 years with the Motilal Oswal Group, where he served as Managing Director and Chief Executive Officer across multiple businesses, including broking and distribution, private wealth management, and home finance, at various stages of growth. Prior to that, he spent 11 years with the Aditya Birla Group, working across several financial services verticals after beginning his career in 1994.
Most recently, before joining Religare Broking, Goel was self-employed as an Executive Coach and Business Growth Consultant, mentoring senior leaders and advising financial services organisations on transformation and scale.
Strengthening Religare’s Broking and Wealth Distribution Focus
Commenting on the appointment, Indranil Choudhury, Group CHRO at Religare Enterprises Limited, said that Goel’s leadership experience and execution capabilities would be critical to the company’s next phase.
“Vijay brings a strong blend of market understanding, proven execution capability, and leadership experience. His appointment reinforces our commitment to strengthening Religare’s core broking and wealth distribution businesses, while continuing to enhance customer-centricity and technology-led capabilities,” Choudhury said.
Capitalising on India’s Expanding Capital Markets
Sharing his perspective on joining Religare Broking, Goel highlighted the structural tailwinds shaping India’s investment ecosystem.
“India’s capital markets are witnessing strong structural growth driven by rising retail participation, expanding investment products, and increasing digitisation,” he said. “Religare Broking has a solid platform and legacy, and I look forward to building on this foundation by strengthening our core broking and product proposition, deepening client relationships, and leveraging technology to deliver scalable and differentiated growth.”
Positioned for Long-Term Growth
With Vijay Kumar Goel at the helm, Religare Broking aims to sharpen its competitive positioning in a fast-evolving brokerage and wealth management market. The appointment signals the company’s intent to combine experienced leadership, technology-led innovation, and customer-focused offerings to capture opportunities emerging from India’s rapidly expanding investor base.
