Reliance SMSL Limited
About Reliance SMSL Limited
Data last updated:
Reliance SMSL Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Reliance Industries Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 08 February 2007.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2007PLC167704. Its GSTIN is 27AALCS0575Q1ZK (Maharashtra). The company held 35 GST registrations, of which 34 are active.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Reliance Innovative Trading Private Limited. It was led by directors including Sanjay Jog and Jayashri Rajesh.
Its last annual general meeting (AGM) was held on 15 July 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 3rd Floor Court House Lokmanya Tilak Marg Dhobi Talao, Mumbai, Maharashtra, India – 400002.
As per the financials filed for FY 2022, the company reported a revenue of ₹3,578.13 Cr, a growth of 48% compared to the previous year. For the same year it recorded a net profit of ₹22.91 Cr (net margin 0.6%) and EBITDA of ₹14.09 Cr (EBITDA margin 0.4%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 28% over five years.
The company had about 180,403 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: JioGST. Court records list 28 cases involving the company, including 3 filed by the company and 25 filed against it; 10 cases are pending.
Company details
Name history
Reliance SMSL has undergone 4 name changes throughout its history. The current legal name is Reliance Smsl Limited.
| Company Name | Status |
|---|---|
| Reliance SMSL Limited | Current |
| Reliance Innovative Trading Private Limited | Previous |
| Strategic Manpower Solutions Limited | Previous |
| Strategic Manpower Solutions Private Limited | Previous |
CIN history
Reliance SMSL has one previous CIN (Corporate Identification Number): U74999MH2007PTC167704. The current CIN is U74999MH2007PLC167704, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2007PLC167704 | Current |
| U74999MH2007PTC167704 | Previous |
Contact details
Reliance SMSL Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address3rd Floor Court House Lokmanya Tilak Marg Dhobi Talao, Mumbai, Maharashtra, India – 400002
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Reliance SMSL Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Reliance SMSL operates one associated brand: JioGST. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| App for GST tax filing, billing, and return compliance in India. | jiogst.com |
Business activity
The main business activity of Reliance SMSL is support service to organizations. In detail, this covers placement agencies and hr management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services |
To see the full business activity and turnover split of Reliance SMSL Limited, buy the company report.
Financials of Reliance SMSL Limited
FY 2022 filings availableReliance SMSL Limited reported revenue of ₹3,578.13 Cr (up 48% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 48% growth in the latest year. EBITDA rose 55% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹3,578.13 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹14.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹22.91 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.4% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Reliance SMSL Limited, buy the company report.
Board of directors of Reliance SMSL Limited
Reliance SMSL has 4 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Jog | Director | 27 Jan 2013 | 13 Years 8 Months | As last reported |
| Jayashri Rajesh | Director | 26 Apr 2021 | 5 Years 5 Months | As last reported |
| Pramod Madhukar Bhawalkar | Director | 07 Jan 2008 | 18 Years 9 Months | As last reported |
| Venkatesh Raghavendra Gulur Also directs: Reliance Projects & Property Management Services Limited, Bismi Hypermart Limited, Bismi Connect Limited and 5 more | Director | 17 Jan 2018 | 8 Years 9 Months | As last reported |
Peer comparison
Reliance SMSL Limited is compared with the 5 companies closest to it by revenue in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Quess Corp Limited | ₹14,991 Cr (FY 2025) | 9.0% | Bangalore, Karnataka, India | |||
| Firstmeridian Business Services Limited | ₹4,478.27 Cr (FY 2025) | 21.0% | Mumbai, Maharashtra, India | |||
| Reliance SMSL Limitedthis company | ₹3,578.13 Cr (FY 2022) | ₹22.91 Cr | 0.6% | 48.0% | 180,403 | Mumbai, Maharashtra, India |
| Randstad India Private Limited | ₹3,291.89 Cr (FY 2025) | 4.0% | Chennai, Tamil Nadu, India | |||
| Manpowergroup Services India Private Limited | ₹2,322 Cr (FY 2025) | 9.0% | New Delhi, Delhi, India | |||
| Firstmeridian Global Services Private Limited | ₹2,193.36 Cr (FY 2025) | 20.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Reliance SMSL Limited, buy the company report.
Auditor
Reliance SMSL Limited is audited by Chaturvedi & Shah LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chaturvedi & Shah LLP | FY 2022 | 101720/W/W100355 |
Shareholding
The shareholding of Reliance SMSL Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Reliance SMSL Limited, buy the company report.
Legal cases
Reliance SMSL Limited has 28 court cases on record: 3 filed by Reliance SMSL, 25 filed against it. 10 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 23 | 22 | 10 |
| High courts | 5 | 3 | 0 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Ref-IDA) | Filed against the company by an individual | Pending |
| District court, Jaipur Metro II, Rajasthan | Criminal case | Filed against the company by SMFG India Credit Com. Ltd | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Ref-IDA) | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Ref-IDA) | Filed against the company by an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Ref-IDA) | Filed against the company by an individual | Pending |
To see the full case history of Reliance SMSL Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Reliance SMSL Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Reliance SMSL Limited has a workforce of 180,403 employees on its EPFO records as of Apr 08, 2024, across 2 active EPFO establishments.
GST
Reliance SMSL has 35 GST registrations: 34 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCS0575Q1ZK | Maharashtra | Active | 01 Jul 2017 |
| 27AALCS0575Q2ZJ | Maharashtra | Active | 12 Jul 2017 |
| 03AALCS0575Q1ZU | Punjab | Active | 01 Jul 2017 |
| 07AALCS0575Q1ZM | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Reliance SMSL Limited, buy the company report.
Recent activity
Reliance SMSL Limited has 21 board changes on record since 2007: 4 appointments and 17 cessations. The latest: Jayashri Rajesh ceased to be Additional Director on 24 Sep 2021.
12 earlier events are in the company report.
Frequently asked questions
Reliance SMSL has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Reliance SMSL was a public limited company based in Mumbai, Maharashtra, India. The company worked in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 08 February 2007 and is registered under CIN U74999MH2007PLC167704. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Reliance SMSL was incorporated on 08 February 2007. It is registered with the Registrar of Companies, Mumbai.
Reliance SMSL had 4 directors:
- Sanjay Jog - Director
- Jayashri Rajesh - Director
- Pramod Madhukar Bhawalkar - Director
- Venkatesh Raghavendra Gulur - Director
The CIN (Corporate Identification Number) of Reliance SMSL is U74999MH2007PLC167704. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Reliance SMSL is at 3rd Floor Court House Lokmanya Tilak Marg Dhobi Talao, Mumbai, Maharashtra, India – 400002.
The latest financial statements of Reliance SMSL on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 15 July 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Reliance SMSL is 27AALCS0575Q1ZK, registered in Maharashtra. The company has 35 GST registrations in all, of which 34 are active and 1 is cancelled or inactive. Other active GSTINs include 27AALCS0575Q2ZJ (Maharashtra), 03AALCS0575Q1ZU (Punjab), 07AALCS0575Q1ZM (Delhi).
Reliance SMSL operated in the business outsourcing industry, in the HR outsourcing and talent management segment.
The peers of Reliance SMSL by revenue are Quess Corp Limited, Firstmeridian Business Services Limited, Randstad India Private Limited, Manpowergroup Services India Private Limited, Firstmeridian Global Services Private Limited, all in the Outsourcing industry (HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Reliance SMSL has 28 court cases on record: 3 filed by the company and 25 filed against it. 10 are pending. Most are in the district courts.