PROJECT ON CUSTOMER RELATIONSHIP MANAGEMENT WITH RELIGARE SECURITIES LTD Essay

The play a pine lot so use the infor mo nononousion to learn about the behavior of its clients and correct the means it does a subscriber line. It washbasin look at recurring complaints from duplex nodes to solve a problem which would new(prenominal)wise go unchecked with a normal formats and think system of the com pan outy. The main objective of my drop is to set effective solution for the Customer e precise(prenominal)iance charge and agreely amountition the credibility and lucrativeness of the comp any(prenominal).This study is more tie in to consumer behavior and wisdom about the facilities and convenience raised by the ships company, Customer Satisfaction is empha surfaced in this forethought. o economic aiding an enterprise to enable its marketing dep subterfugements to identify and rear end their best guests, manage marketing campaigns with clear goals and objectives, and gene range quality specks for the gross sales team.Assisting the organ ization to improve telesales, study, and sales anxiety by optimizing entropy sh atomic morsel 18d out by multiple employees, and streamlining brea sensitiveg processes (for example, t homogeneousg prescribes using mobile devices) o Allowing the formation of individualized affinitys with customers, with the aim of improving customer satisfaction and maximize profits identifying the about profitable customers and providing them the highest level of religious supporter. o Providing employees with the information and processes incumbent to get their customers, understand their needs, and effectively build relationships among the company, its customer base, and statistical distri exclusivelyion partners.CHAPTER 2.OBJECTIVE OF THE STUDYOBJECTIVES OF THE PROJECTA. Title of the swanCustomer human relationship direction (CRM) with Relig be Securities B. Objective of the StudyThe objective of the project was to analyze strong Customer Relationship anxiety for Religargon Se curities Ltd., Pune for that we micturate to understand current CRM dodging and servicings provided from the company and its effect on Customer Needs, Satisfaction Level, their reply and emotions.The objective of this study to analyze existing customer satisfaction as those customers are the key sources to virgin customers with respect to the performance, sales efforts and sales service. As the company stands second in India in aspect of upset afterward on Kotak Mahindra Securities, its clear that it has re onlyy strong Customer Relationship Management System and perfect spate to share it beseemingly for the benefit of customers and company as well. Actual and ain meeting with existing customers and employees has brought me to the re every last(predicate)yity of the strength of the system and their success. For analyzing the alike factor I stationd my whole term of the project and simultaneously for inwrought study and market watch and other mint cover overme nts.Questionnaire is found on the existing operate and the satisfaction level of the existing customers which includes questions similar Name, Age, Gender, Income, Investment Frequency, rangeback about work which they are provided like conformation, c completelys, suggestions, solutions on stuck m unitaryy like dead investiture and all. On an average all the customers are happy with the company and look forward to the growth of it. C. place setting of the studyScope the this study is it provide assist Religare to be capacious its bear Customer Relationship Management system mirror well and it allow get all the fundamental things before eyes to apply all the possible ways to provide a superb service to the customers and accordingly cast them loyal and retain them long pull rounding and alike to get new customers to be served. Scopes usher out be verbalize in a a couple of(prenominal)(prenominal) points as re precedes. o Maintain current / existing customers.o ac tion new potential customers.o Retain all the customers.o profitability Incremento Reputation and credibility Increment, etc.The heart of CRM is not existence customer centric just rather to use customer profitability as a driver for decision making and action. ahead exploring this assertion, it is utilizable to re scene the process of resource allocation as it is skilful in most organizations. The budget process largely consists of an extrapolation of the other(prenominal). Resource constraints notice function a workst function with back room deals that are based on internal politics versus the marketplace. This decision process has little incursion as to what is working and what is not working (as it applies to the marketplace) or for that matter why? Without insight relative to cause and effect, the organization has no choice but to follow intuition and anecdote. It is analogous to the story about the marketing VP who admitted that half the publicise budget was wasted the problem was he did not whap which half.CHAPTER 3.visibility OF THE COMPANYProfile of companyReligare Enterprises exceptional (REL)Religare, a Ranbaxy promoter crowd company, is one of the leading unified monetary run institutions of India. The company offers a large and various bouquet of work ranging from equities, commodities, indemnification broking, to wealth advisory, portfolio management run, soulal finance go, Investment banking and institutional broking services.The services are broadly speaking clubbed a mark tercet key occupancy verticals- Retail, wealthiness management and the institutional spectrum. Religare Enterprises Limited is the holding company for all its line of condescensiones, structured and be operated by various subsidiaries. Religares retail network dots across the length and pretension of the country with its presence finished more than 1,217 locations across more than 392 cities and towns. Having spread itself fairly well across t he country and with the promise of not resting on its laurels, it has to a fault aggressively started eyeing world-wide geographical recordies Religare Enterprises Limited (REL) is one of the leading co-ordinated financial services groups of India. RELs businesses are broadly clubbed across three key verticals, the Retail Institutional and Wealth spectrums, catering to a diverse and wide base of thickenings. The vision is to build Religare as a globally impudenceed brand in the financial services domain and present it as the Investment Gateway of India.All employees of the group guided by an dumbfoundd and professional management team are committed to providing financial care, backed by the core prys of diligence and transparency. REL offers a multitude of investiture options and a diverse bouquet of financial services with its pan India reach in more than 1800 locations across more than 490 cities and towns. REL ope rank globally interest its acquisition of Londons oldest brokerage house and enthronement home, Hichens, Harrison and Co. plc. With a view to expand, diversify and introduce offerings benchmarked against global best practices, Religare operates its Life Insurance business in partnership with the global major(ip)- AEGON.For its wealth management business Religare has partnered with Australia based financial services major- Macquarie. Religare has similarly partnered with Vistaar Entertainment to launch Indias graduation SEBI approved Film Fund offering a unique secondary asset class of investment fundss. Religare Securities Limited (RSL), a degree centigrade% footslogger of Religare Enterprises Limited is a leading truth and securities firm in India. The company currently handles sizeable volumes professiond on NSE and in the realm of online commerce and investments it currently holds a reasonable share of the market. The major activities and offerings of the company today are fairness Broking, bank deposit player Services, Port folio Management Services, International Advisory Fund Management Services, Institutional Broking andenquiry Services. To broaden the gamut of services offered to its investors, the company offers an online investment admittance armed with a host of revolutionary features.o RSL is a section of the National Stock Ex vary of India, Bombay Stock Exchange of India, repository Participant with National Securities bank deposit Limited and Central depositary Services (I) Limited, and is a SEBI approved Portfolio Manager. o Religare has been constantly innovating in terms of product and services and to offer such incisive services to specific user segments it has also started the NRI, FII, HNI and Corporate Servicing groups. These groups take all the portfolio investment decisions depending upon a leaf nodes gamble / return parameter. o Religare has a rattling apt look and Analysis division, which not notwithstanding caters to the need of our Institutional nodeele, but also mode rates their valuable inputs to investment dealers. vocation in Equities with Religare truly empowers you for your investment needs. We ensure you have superlative art experience done with(predicate) A highly process driven, delight approach Powerful Research & Analytics and sensation of the best-class dealing roomsFurther, Religare also has one the largest retail networks, with its presence in more than 1800* locations across more than 490* cities and towns. This means, you muckle walk into any of these branches and get together to our highly skilled and dedicated relationship managers to get the best services. The Religare boundo Pan India footprinto Powerful interrogation and analytics advocate by a pool of highly skilled enquiry analysts o Ethical business practiceso Single window for all investment needs through your unique CRNReligare Enterprise Limited, through its subsidiaries, offers a post of integrated financial products and services to retail inventors, high n et expense individuals, and collective and institutional clients in India. It operates in three divisions Retail Spectrum, Wealth Spectrum, and Institutional Spectrum. The Retail Spectrum division offers comeliness brokerage, commodities brokerage, personal financial services, including insurance brokerage and vulgar fund distribution internet craft loans against shares and personal loans. The Wealth Spectrum division provides portfolio management services, wealth advisory services, and private client equity services, such as international equity services. The company was formerly cognise as Religare Enterprises Private Limited and changed its name to Religare Enterprises Limited in July 2006. The company was incorporated in 1984 and is based in New Delhi, India. persistence Profile19Industry ProfileWhile regulation and reforms have do major improvements in the quality of the equity markets in India, its rapid growth and development are largely due to strong and expeditio us market intermediation. The robustness of the Indian markets today is attributable to a flushed blend of the quality of market Structure and efficient intermediation. Even as several countries are instituting procedures to commence. lawfulness derivative markets, India ranks amongst the enlighten five countries globally in this segment, in less than five age of its introduction.This is an example of the proactive and progressive temperament of the Indian brokerage industry. In the last decade, the Indian brokerage industry has undergone a dramatic transformation. From be made of stiff groups, the broking industry today is one of the most transparent and residency orientated businesses. Long settlement cycles and large scale bad deliveries are a thing of the past with the advent of T+2 (Trading day + 2 days) settlement cycle and de visibleization. Large and fixed commissions have been replaced by wafer thin margins, with competition driving down the brokerage fee, in sev eral(prenominal)what cases, to a few basis points. 20There have also been major changes in the way business is conducted. Technology has emerged as the key driver of business and investment advice has become research based. At the same quantify, bond certificate to regulation and compliance has vastly increased. The scope of services have compound from creation equity products to a wide grasp of financial services. Investor breastplate has assumed signifi fuelce, and so has providing them with education and sentiency. great need for capitalization has induce several firms to access the capital market foreign firms are covering increasing interest in taking equity stakes in home(prenominal) broking firms. Major developments in equity brokerage industry in India1. Corporate membershipsThere is a growing surge of corporate memberships (92% in NSE and 75% in BSE), and the scope of functioning of the brokerage firms has transformed from that of existence a family run business to that of professional organized function that lays great emphasis on observance of market principles and best practices. With proliferation of new markets and products, corporate nature of the memberships is enabling broking firms to expand the realm of their operations into other put backs as also other product offerings. Memberships range from cash market to derivatives to commodities and a few broking firms are making forays into obtaining memberships in alternates outside the country overmaster to their availability and eligibility. 212. Wider product offeringsThe product offerings of brokerage firms today go much beyond the traditional trading of equities. A typical brokerage firm today offers trading in equities and derivatives, most probably commodities futures, exchange swapd funds, distributes mutual funds and insurance and also offers personal loans for housing, consumptions and other related loans, offers portfolio management services, and nearly even go to the ex tent of creating niche services such as a brokerage firm offering art advisory services. In the background of growing opportunities for investors to invest in India as also abroad, the range of products and services leave widen further. In the murder provide be interesting opportunities that powerfulness arise in the exchange enabled corporate bond trading, soon after its commencement and futures trading that cogency be introduced in the near future in the areas of interest rates and Indian currency. 223. Greater reliance on research thickening advising in India has graduated from personal insights, market tips to becoming extensively research oriented and governed by fundamentals and skillful factors. Vast progress has been made in developing company research and refining methods in technical and fundamental analysis. The research and advice are made online big(p) ready and real time access to market research for investors and clients, thus making research important brand equ ity for the brokerage firms.4. approach shoting equity capital marketsAccess to reliable financial resources has been one of the major constraints faced by the equity brokerage industry in India since long. Since the banking system is not fully integrated with the securities markets, brokerage firms face limitations in raising financial resources for business and expansion. With impertinence of the demarcation markets and the rising prospects of several well organized broking firms, important prospect to access capital markets for resource mobilization has become available. The recent past witnessed several leading brokerage firms accessing capital markets for financial resources with success. 235. irrelevant collaborations and joint venturesThe way the brokerage industry is run and the manner in which several of them pursued growth and development attracted foreign financial institutions and investment banks to grease ones palms stakes in municipal brokerage firms, paving the way for stronger brokerage entities and possible scope for consolidation in the future. Foreign firms picked up stake in some of the leading brokerage firms, which might lead to creating of greater interest in investing in brokerage firms by entities in India and abroad. 6. Specialized services/niche brokingWhile supermarkets approach are adopted in general by broking firms, there are some which are creating niche services that attract a feature client group such as day traders, arbitrage trading, investing in olive-sized cap stocks etc, and providing complete range of research and other fight down to back up this function. 7. Online brokingSeveral brokers are extending benefits of online trading through cosmea of separate windows. Some others have dedicated online broking portals. Emergence of online broking enabled reduction in transaction costs and costs of trading. Keen competition has emerged in online broking services, with some of these offering trading services at the c ost of a few basis points or costs which are fixed in nature irrespective(prenominal) of the volume of 24trading conducted. A wide range of incentives are being created and offered by online brokerage firms to attract larger number of clients.8. Compliance oriented With stringent regulatory norms in operation, broking industry is self-aggrandizing greater emphasis on regulatory compliance and observance of market principles and codes of conduct. Many brokerage firms are investing time, money and resources to create efficient and effective compliance and reporting systems that will divine service them in canceling pricy mistakes and possible market abuses. brokerage house firms now have a compliance officer who is responsible for all compliance related aspects and for interacting with clients and other stake holders on aspects of regulation and compliance. 9. Focus on breeding and skill setsBrokerage firms are giving importance and significance to aspects such as training on ski ll sets that could prove to be near in the long run. With the nature of markets and products becoming more complex, it becomes imperative for the broking firms to keep their staff incessantly updated with latest development in practices and procedures. muchover, it is mandated for certain types of dealers/brokers to seek specific certification and examinations that will urinate them eligible to carry business or trade. Greater emphasis on aspects such as research and analysis is giving scope 25for in-depth training and skills sets on topics such as trading programs, valuations, economic and financial forecasting and company research. 10. From owners to tradersA fundamental change that has taken place in the equity brokerage industry, which is a global trend as well, is the transformation of broking from owners of the stock exchange to traders of the stock market.Demutualization and corporatization of stock exchanges bifurcated the ownership and trading rights with brokers veste d only with the later and ownership being widely distributed. Demutualization is providing balanced welfare gains to both the stock exchanges and the members with the former being able to run as corporations and the latter being able to avoid conflict of interests that sometimes came as a major deterrent for the long term growth of the industry. Emerging challenges and outlook for the brokerage industry .Brokerage firms in India made much progress in pursuing growth and edifice professionalism in operations. Given the nature of the brokerage industry being very dynamic, changes could be rapid and so as the challenges that emerge from time to time. A brief description on some of the prospects and challenges of the brokerage firms are discussed below. 2611. FragmentationIndian brokerage industry is highly fragmented. Numerous small firms operate in this distance. Given the growing importance of technology in operations and increasing emphasis on regulatory compliance, smaller firms might find it constrained to make right type of investments that will champion in business growth and promotion of investor interests. 12. outstanding AdequacyCapital enough has emerged as an important determinant that governs the scope of business in the financial sector. Current requirements stipulation capital adequacy in esteem to trading exposure, but in future more tighter norms of capital adequacy might come into force as a part of the prudent norms in the financial sector. In this background, it becomes imperative for the brokerage firms to focus on raising capital resources that will enable to allow for continuous compel and focus on business growth. 13. Global OpportunitiesBroking in the future will increasingly become international in character with the stock markets being contribute for domestic and international investors including institutions and individuals, as also opportunities for investing abroad. keeping abreast with developments in international market s as also familiarization with global standards in broking operations and assimilating major practices and procedures will become relevant for the domesticbrokerage firms. 2714. Opportunities from regional financeRegional economic consolidation such as that under the European Union and the ASEAN have greatly benefited businesses in the individual countries with cross border opportunities that helped to expand the scope and significance of the business. sign measures to promote southbound Asian economic integration is being made by governments in the region initiative at the policy-making level to be followed up in regard to financial markets. South Asian economic integration will provide greater opportunities for broking firms in India to pursue cross border business. In view of several of crude features prevailing in the markets, it would be easier to make progress in this regard. 15. output DynamicsAs domestic finance matures and greater return of cross border flows contin ue, new market segments will come into force, which could benefit the domestic brokerage firms, if they are well prepared. For instance, in the last three to quaternion years, brokerage firms had newer opportunities in the form of commodities futures, distribution of insurance products, wealth management, mutual funds etc, and as the market momentum continues, broking firms will have an luck to introduce a wider number of products. 2816. Competition from foreign firmsbillow markets and growing opportunities will attract a number of international firms that will increase the pace of competition. Global firms with higher levels of capital, expertise and market experience will baffle dramatic changes in the brokerage industry space which the local firms should be able to absorb and compete. Domestic broking firms should always assign due focus to emerging trends in competition and prepare accordingly. 17. Investor suretyIssues of investor interest and protection will assume centre stage. Firms found not having suitable infrastructure and processes to ensure investor safety and protection will realise constraints from regulation as also class action suits that investors might bring against erring firms. Thenature of penalties and punitive damages would become more severe. It is important for brokerage firms to establish strong and streamlined systems and procedures for ensuring investor safety and protection. 29Chapter 4. literary works ReviewLiterature ReviewHistorical BackgroundCustomer relationship management (CRM), a concept that has been around since the mid 90s, has its roots in the technology of sales automation and call center operations. At that time, it was spot that merging the customer data from the field (sales) with the call center interactions would get out in more informed interactions with the customer. The concept resonated with user organizations and soon mergers and acquisitions created a host of software sellers all claiming to have an integrated set of capabilities that became known as CRM.On a parallel track, internet-based tools such as e-commerce, Internet marketing, personalization, and self-help were evolving. These products competed outside of the CRM sphere due to the newness of the technology, and they were referred to as e-business. When the concepts of CRM and e-business melded together there was a short period of e-madness where vendors talked about eCRM and e-everything. There are still vestiges of this enactment in the industry such as essentially using e-business to add value to vendors and referring to it as partner relationship management (PRM) or providing tools for employees and referring to it as employee relationship management (ERM). 31Similarly, enterprise resource planning (ERP) vendors accomplished that the 360-degree view of the customer has to include transaction data, so they have in like manner developed an integrated package with CRM capabilities. Thus from a technology perspecti ve CRM consists of a set of applications that address the needs of customer-facing functions that in turn feed a common database that is supported by business analytics. Each vendor has variations on this theme. On the other hands, CRM can be defined as a process or methodology use to learn more about customers needs and behaviors in orderto manage and develop stronger relationships in an organized way with them. 32Components of CRM1. assemble an Account Management germane(predicate) data for customer profile is captured with the help of the software. Necessary information is captured from potential customers. CRM system stores data in common customer database. The database integrates customer account information and presents it in desirable format to the company. The data is used for sales, marketing, services and other applications. 332. SalesSales process management follows a customized sales methodology with specific sales policies and procedures. Sales activities include pr oduce information, Product configuration, sales prospectus and sales quote generation. CRM also provide the history of customer account so that the sales call can be scheduled accordingly. 3. Marketing and fulfillmentCRM helps the professionals in product marketing, arse marketing, relationship marketing and campaign management. By analyzing customer and business value of direct marketing can be hazardd. CRM also helps in customer retention, behavior prediction, channel optimization, personalization. Customer response and requests can be rapidly scheduled and hence sales contacts. 344. Customer Service and supportCRM system provides service representatives with adequate access to customer database. It also helps to create, assign and manage the service requests by customers. Calling format is designed to channel customer calls to respective attendants as per the skills and authority to handle special cases. Help desk system is developed to help customer service representative to help customers who face problems with product or service to resolve it. Web-based Self Service means help customer to access personalized information at company website. 5. Retention and loyalty programsThe primal objective of CRM is to enhance and hone customer retention and loyalty. CRM systems are also useful in determine most loyal and profitable customers and reward. 35The essential link surrounded by Marketing, Sales and Customer Service Too often, the three key functions that right away affect customers -Marketing, Sales and Customer Service operate independently of one another. This can create confusion and inconsistency in how you communicate and service your customers. For examples, marketing staff whitethorn come up with a terms promotion. However, if that is not communicated to the sales team, the result could be incorrect billing, which may take time or resources from the customer to rectify and could create ill will and mistrust, making it seem like your compan y does not adhere to its word. 36Similarly, if a salesperson makes a sale and gives certain guarantees to a customer but those are not communicated to the customer service team or even to the other sales team members, then the customer may fees as if the company is not standing behind its assurance. This can be particularly problematic if there is employee swage and poor chat between or even departments. This silo effect where information is between vertically in departments that may or may not communicate with each other- could rattling damage your business.With comprehensive CRM system, however, customer communication is captured and housed in an accessible database, making the most current information available to anyone who needs it and has access to the system. By breaking through barriers between various business functions and making communication transparent, your company can act in a more tenacious and unified fashion with its customers, instilling a greater level of tr ust and strengthening customer relationships. Religare Securities Limited (RSL) provides a host of financial services under one roof following a ONE c brook up SHOP philosophy. It has a dedicated team of professionals to cater to the variety of services to Individuals, Corporate and Institutions. The team updates its clients with opportunities with a sense of competitive urgency and risk management. Whats more, their special analysts design customized services for HNI and Institutions. 37Over the years Religare Securities Ltd. has played a successful role inclients wealth creation. In the process Religare Securities Ltd. also refined itself, as an investment advisor and is poised to provide complete Investment Management Solutions to its valued clientele. The following is the product profile of the company. Equity Broking BSE and NSE Derivatives Futures and Options Internet Broking- Online Trading Commodities Trading NCDEX & MCX Institutional Broking Depository Services NSDL & CDSL Portfolio Management Services NRI Investments Initial Public Offerings (IPO) Mutual Fund InvestmentNEWSReligare Securities bags LIPPER-STARMINE Award for righteousness in Research Mumbai, February 18, 2009 Religare Securities Limited a wholly owned subsidiary of Religare Enterprises Limited has been recently awarded the LIPPER-STARMINE broker award for Earnings Estimates in Midcap Research for 2008. The Lipper StarMine Awards organized by Thomson Reuters, for Asset Management and sell-side broking Companies in India, were announced last week in Mumbai. The awards recognize analysts who are more like a shot than their peers in forecasting earnings, awarding point of reference to those who demonstrate an ability to make accurate estimates earlier than their peers.On receiving the award, Mr. Amitabh Chakraborty, President (Equity), say, We are extremely proud to intoxicate this award as a validation of our efforts in what was the most operose and volatile year in stock mar ket and corporate history. It is in these difficult times that the ability of a team to accurately estimate corporate earnings stands its truest test and we havesucceeded in enabling our customers to make informed buy or sell recommendations in order to give above average returns to investors. 40EquitiesWhat is equity?Funds brought into a business by its shareholders is called equity. It is a measure of a stake of a person or group of persons starting a business. What does investing in equity mean?When you buy a companys equity, you are in effect financing it, and being compensated with a stake in the business. You become part-owner of the company, entitled to dividends and other benefits that the company may announce, but without any guarantee of a return on your investments.DematerializationWhat is Demat?Demat is a commonly used abbreviation of Dematerialisation, which is a process whereby securities like shares, debentures are converted from the material (paper documents) into el ectronic data and stored in the computers of an electronic Depository (SEE next page). You repudiate material securities registered in your name to a Depository Participant (DP). These are then sent to the respective companies 41who cancel them after dematerialization and credit your Depository Account with the DP. The securities on dematerialization appear as balances in the Depository Account. These balances are transferable like physical shares. If at a later date you wish to have these Demat securities converted back into paper certificates, the Depository can help to revive the paper shares. What is the procedure for the dematerialisation of securities? Check with a DP as to whether the securities you hold can be dematerialised. Then open an account with a DP and surrender the share certificates. What is a Depository?A Depository is a securities bank, where dematerialised physical securities are held in custody, and from where they can be traded. This facilitates faster, risk- free and low cost settlement. A Depository is akin to a bank and performs activities similar in nature. At present, there are two Depositories in India, National Securities Depository Limited (NSDL) and Central Depository Services (CDS). NSDL was the first Indian Depository. It was inaugurated in November 1996. NSDL was set up with an sign capital of Rs 124 crores, promoted by Industrial Development Bank of 42India (IDBI), unit Trust of India (UTI), National Stock Exchange of India Ltd. (NSEIL) and the State Bank of India (SBI). Who is a Depository Participant (DP)?NSDL carries out its activities through business partners Depository Participants (DPs), proceeds Corporates and their Registrars and Transfer Agents, Clearing Corporations/Clearing Houses. NSDL is electronically linked to each of these business partners via a satellite link through Very Small Aperture Terminals (VSATS). The broad(a) integrated system (including the VSAT linkups and the software at NSDL and at each b usiness partners end) has been named the NEST (National Electronic Settlement & Transfer) system. The investor interacts with the Depository through a Depository Participant of NSDL. A DP can be a bank, financial institution, a custodian or a broker. 43Chapter 5.Research Methodology44Research MethodologyResearch human bodyResearch design means adopting that type technique of research which is most suited for the research and study of the problem. For the study and the research of the problem proper material has to be selected and collected for the investigation. A research design is the disposition of conditions for collection and analysis of data in a manner that aims to combine relevance to the research purpose with economy in procedure. Jahoda, deutish. Cook.In order to know about effectiveness of Customer Relationship Management in Religare Securities Ltd., it was necessary to interact with the customer. The consume taken comprised of respondents from Pune city. A questionn aire had to be designed to collect valuable information from the antitheticalcustomer groups. The questionnaire which was designed suitably to meet the objective of research work. 45Nature of ResearchIn this project report I have undertaken quantitative type of study. geek of the questionsThe questions in the questionnaire asked to the visiting customers of Religare Securities Ltd, Regional office in Pune, are instantly Forward and Limited Probing. Type of the QuestionnaireThe questionnaire in this project report is straight forward and formalized. Type of AnalysisThe analysis done in this particular project report is statistical. 46Sources of selective informationa. primary election DataThe Primary data are those data which are collected fresh and for the first time and thus happen to be original in character. The primary data that was collected through interview conducted in Regional carve up with daily visiting customers. The primary data sources include copies of questionn aire and data of their respective responses. b. petty(a) DataThe secondary data are those which have already been collected by someone else and which have been passed through the statistical process. Secondary data was collected through company websites. Some of the web sites http//www.religaresecurities.com/ and some others like. 47Chapter 6.Primary Data Collection48Primary Data CollectionResearch TechniqueAs the researcher, I adopted slew method as a research technique for this particular project report. Contact MethodI as a researcher interviewed the respondents by personal interview. Sampling Plana) PopulationThe population covered in this project report refers to the existing (Office Coming) customers of Regional Office, who have their trading and Dmat A/c with Religare Securities Ltd. b) sampling SizeThe sample size undertaken by me for this particular project report is 100 respondents. 49c) Sample ElementThe respondents contacted and interviewed in this project report are a ll from different domain some of them were Businessmen, High Net-worth Investors, Proprietors, even Students also invest in Share Market. d) Sample ExtentAs a researcher, I conducted this surveil only for the customers in Regional Office of Religare Securities, Pune. e) Sample DurationThe keep an eye on was undertaken from the 01st June, 2009 to 30th July, 2009 i.e. for two months. f) Research InstrumentQuestionnaires containing both open stop and close ended questions were used as a research legal instrument in this particular project report. 50Chapter 7.Data Analysis & interpreting51Data Analysis & translation 1. RespondentsRespondentsBusinessmenHNIsProprietorsIndividualsNumber of respondents recitalAbove pie chart represents that research contains 100 respondents which are Businessmen, HNIs, Proprietors and Individuals and they are 30, 8, 24, 38 respectively in numbers and percentages. 30%8%24%38%BusinessmenHNIsProprietorsIndividuals522. Income Group(Annual)Income Group(INR )10000 1 lakh1 lakh 5 hundred thousand5 Lakh-10 Lakh10 Lakh AboveNumber of respondents recitationAbove pie chart represents that the research contained 100 investors and customers of Religare Securities Ltd. All the race were from different different Income group which are in numbers shown above. W e can clearly see sample includes more customers from first income group i.e. INR 10,000 1 Lakh 43%37%13%7%10000 -1 Lakh1 Lakh -5 Lakh5 Lakh -10 Lakh10 Lakh -Above532. companionship fundamental interaction via Email and Telephone CallsInteraction Via Email and Telephone Calls renderingFrom the above result of Company Interaction via Email and Telephone calls, we can imagine the satisfaction level of customers and accordingly Customer Relationship is managed through electronic media to maximize the wealth of customers. In Religare for the most part dealers are in touch of regular traders / customers and customers also get loyal to the company through this practice. Every call is t aped by default for the evidence of orders to buy or sell the stocks and Emails too. Excellent expositionWhen it was asked sudden and on the time answer was the same of level bestpeople, it means the credibility and trustworthiness of the company is on the point. Its nothing but the result of Relationship Management. It is said that Share Market means Well of Loss, nevertheless Religares Customer dont have any tension in investing because they believe in Companys Researchers and Analysts and their investment tips too. 96%Number of respondentsInterpretationFrom the above answers Customer Relationship can be very well highlighted because out of 100, 43 people have rated Religare on the scale of 1 to 10 and again in remaining maximum customers say that they rate Religare at on the scale of 1 to 10.Every customer has his own value and consideration about Religare because they invest their Hard clear money and take risk to earn more cause of Religares Services and Attachment and it is all the output of Customer Relationship Management. 4%5. Where do you invest/ trade mostly?Where Customers Invest mostlyEquityCommodityCurrencyNumber of respondents661915InterpretationOne general question was asked in questionnaire to know the investment flow of customers towards Religare Services. When it was asked why they invest in specific area mostly then it was answered by many people that liquidity market is easy to make money out of investment and take money out whenever we happen not to put. And other reason many customers dont exigency to invest for long time.And about currency some people were not interested. 66%19%15%EquityCommodityCurrency576. Where do you trade mostly?Where Customers Trade mostlyIntradayDelivery some(prenominal)Number of respondents48371548%37%15%IntradayDeliveryBoth58InterpretationFrom the above view of graph we come to know that maximum people, 61% customers trade in Intraday Trading. On this customers say they like to trade in Intraday because o f Short term investment and high level of excitement and sometimes they feel their money seems to sink. Its like One Day Cricket play for many customers. In Delivery, people say here is No / Low Risk, More money , in this people say if scrip goes down like Satyam, then also we get chance to book profit buying current stocks in low price and putting old stock aside temporarily. present we find people hesitate to invest in Intraday and confident to trade in Delivery trading. Very less traders population do trade in both area, for few people its nothing but fund managing, if one finds difficulty in making money in Intraday, they simultaneously manage their fund for Delivery, but very few people feel do this type of management. Eventually Religare is the Broking firm and it doesnt lose its attention from making money for its customers and lose its attention from Customer Relationship Management. 597. Do you trade in any other broking firm?Trade in other Broking FirmYesNoNumber of respo ndentsInterpretationAbove pie chart represents the maximum people have their Dmat A /c andTrading A/c somewhere else also nevertheless they say they trade from Religare only and few of their other A/cs are put Non-Operating by them. Here we get a fact that Religares Customer Relationship Management really has something very attractive and attachable to emotions cause of services. Few of them were hesitating while answering this question.8. Are you satisfied with the services provided by Religare? SatisfactionStrongly Yes slenderly YesNoStrongly NoSlightly NoNumber of respondentsInterpretationAbove chart represents us the output of Customer Relationship Management with the help of the services and customers satisfaction can show a mirror of the efforts of the company towards making their customers loyal to them. Here 64% customers have selected and stated that they are fully satisfied with the services that they are getting from Religare Securities Ltd. 64%9. Since last how many year s you are in field of trading?Since when customers are trading ?Less than 1 yearMore than 1yearMore than 2 yearsNumber of respondentsInterpretationThis question was asked intentionally to know the loyalty of customers with Religare Securities Ltd., which is nothing but the back-screen coding of on screen output. These all things are the proud of Religare and its customers are also very proud to be in Religare. 17%Customer Relationship Management Business Drivers and Benefits It empowers management with a real-time pipelines and forecasting so they can build and focus on high profit, sustainable relationships. It empowers staff wit customer news and best practices to increase their likelihood of successful transactions. It increases customers acquisition, retention, loyalty, and profitability by integrating information across the enterprise. It enables executive and management to gain customer insight. 64Customer Relationship Management Risks Effective internal controls must be i n place to prevent customer information from becoming scattered across databases and servers. CRM can be associated with significant receipts cycle. CRM should be kept and handled and carefully kept inside the company only otherwise Customers Database can be misused by rivals. Customer parkland Findings while contacting Generally people whom I have contacted they were from different domains like Business, Proprietors, High Net worth Income Group (HNIs) and students. Their responses may not be proper because of their Busyness in Dealing Room. This data is called Primary Data, which is considered very genuine but is this case it misrepresents the Reality and Credibility. 65 Some people, its mat up that they gave fake response, with impression that this questionnaire is from Religare Securities internal. Some people did not take it unsafe because this was not important to them as they are busy for trading at dealing Room. Every data interpretation and statistics cannot be think worthy from their results because this study is for only two months altogether. 66Chapter 8.Limitations67LimitationsFindings are according to the expressions.1. Many consultants, vendors, and analysts today define CRM in terms of being a customer-centric business strategy that is enabled by a set of applications that support customer-facing functions and management decision making. That may capture the essence of what CRM is, but while it does not concentrate on the extra expenses occurring on Companys A/c due to increment in expenses in serving customers all the ways and Return on investment means consideration may not be more than expected. Customer may not give that much business transactions which is estimated or expected. 2. It needs specific staffs to handle all the tasks of Customer Relationship Management because the data that is feed in system cannot be handled merelyby Relationship Managers who has to make new customers and take care of their dealings and also to accomp lish their additional responsibilities. 68Suggestions69Suggestions1. Short Durationo Project research duration was only for two months, in this tenure neither study nor observation can be done properly. For example, we saw sample plan in that only 100 customers could be contacted and now the problem is- from this samples we cannot think of big Level Perception of customers. Many people may be from same point of view and many may not and those 100 people may not contain these type of people. So duration of Research Project should be more than two months. 2. Customer Categoryo To find effective Customer Relationship Management, Broking firm can do one more thing which will be very beneficial to them in finding Asset Customers from the bottom level management to top level management. Religare should adopt system of allotting Customer Categories according to their transactions, due payments, exposure, loyalty, frequency of trading and all. 70o In this system at all the level where CRM is handled and watched by Top class officials of the company, they also get to know the list names and details of the loyal customers and CEO or control board of Directors also get to know total customers and at last their turnover of the total transaction. 3. Affiliated Awareness Programso Religare should arrange affiliated programs inwardly its own groups to come to the sense of new people and accordingly to prospecting and getting new customers. o With the help of it companies CRM will help it to get height of success and dominate the world of Services. Because CRM affects Marketing, Sales and profitability and these all can be achieved by CRM. o For E.g., Religare Securities can play few awareness documentaries and Advertisement with Religare Vistaar this will result in getting more and more customers to serve and accordingly Religare can become the first ranker in turnover very soon. 71AppendixI. Copy of questionnaireII. Bibliography,72Questionnaire1. Name__________________ ______________________________2. Contact No________________________________________________ 3. OccupationBusinessman Proprietor HNI Individual4. Income Group(Annual) 10000 1 Lakh 1 Lakh 5 Lakh 5 Lakh-10 Lakh 10 Lakh Above5. How do you find Company Interaction via Email and Telephone Calls ? Poor Fair steady-going Very Good736. Do you find companys investment tips useful and beneficial? Yes No Cant Say7. Where do you rate Religare on the scale of 10 in terms of Services? 4 6 8 108. Where do you invest/ trade mostly?Equity Commodity Currency9. Where do you trade mostly?Intraday trading Delivery Trading10. Do you trade in any other broking firm?Yes NoIf Yes, name of the broking firm__________________________________ 7411. Are you satisfied with the services provided by Religare? Yes NoSince last how many years you are in field of trading?Less than 1 Year More Than 1 Year More than 5 Year12. What improvement do you want be done in companys services? _______________________________ ________________________________________________________________________________________________________________________________________________ 13. Which service do you like most in Religare?_______________________________________________________________________________________________________________________________________________________________________________ 75BibliographyWebsites =http//deadpresident.blogspot.comhttp//religareonline.comhttp//www.religaresecurities.comNewspapers =The HinduBooks =