Religare Enterprises (REL) has appointed Milind Patel as Group Chief Executive Officer of the company. Ashok Mehta has stepped down from the position of Interim CEO of the Company. He will stay on as Non-Executive Non-Independent Director, subject to the RBI approval.

Mr. Milind Patel has experience in financial services for over 26 years. He has worked in select multinational and domestic financial institutions on diverse mandates across Asset & Structured Finance, Project Finance, Capital Raising & Advisory, Private Equity and Turnarounds. At IL&FS, he was also closely associated with the conceptualisation and implementation of innovative Strategic Initiatives like the Infrastructure Debt Fund, Stressed Infrastructure Facility and Infrastructure Investment Trust (InvIT).

Mr. Patel has worked in large successful institutional businesses like American Express Bank, GE Capital and IL&FS and has graduate degrees in Commerce from Sydenham College, Mumbai and Cost and Works Accountancy from the ICWAI. In addition, he also has an MBA from Jamnalal Bajaj Institute of Management Studies, Mumbai.