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lincylincy 

valudation rule that should fire for one record type and should have a picklist field we should make it required if the stage(picklist field) is other than initiated

Formula to fire for one specific record type and when stage is other than initiated then we should make the other picklist as required
Best Answer chosen by lincy
VinayVinay (Salesforce Developers) 
Hi Lincy,

Please try below snippet.

AND(
$RecordType.Name="Name",
NOT(ISPICKVAL(Stage, 'initiated')) ,
ISBLANK( TEXT(other field)))

Hope above information was helpful.

Please mark as Best Answer so that it can help others in the future.

Thanks,
Vinay Kumar