About Reliance Money
Reliance Money is a Financial Services company based in Mumbai (India) founded in 2006. It provides consumer and commercial loans with financial services in India. It operates on a B2C and B2B model. Its Indian entity Open Elite Developers Limited reported revenue of ₹179 Cr. Reliance Money offers products and services including Loans and EMI Calculator. Its focus areas include FinTech, Loan Finance, Commercial Loans and Business Finance. Similar companies include Manappuram Finance, L & T Finance Holdings and IIFL Finance; 1 of its 3 listed similar companies has raised funding.
Company details
Reliance Commercial Finance Ltd., a subsidiary of Authum Investment Infrastructure Ltd., specializes in offering consumer and commercial loans to individuals and businesses. It operates through online platforms and direct applications, including EMI calculators for loan planning. Based in Mumbai, India, the company serves various clients, such as security services firms, by processing loan applications and supporting business growth. Services include new loans and customer support via dedicated lines.
- Headquarters Mumbai, India
- SectorsFinancial Services
- Email••••••••
- Website reliancemoney.co.in
- Social X Facebook YouTube
- Legal Name Reliance Commercial Finance Limited
- Date of Incorporation 17 Aug, 2000
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹179 Cr
FY 2024 · +9% YoY
- Net Profit₹208 Cr
FY 2024
- EBITDA₹1,309 Cr
FY 2024 · 732% margin
Associated legal entities of Reliance Money
Reliance Money operates through Open Elite Developers Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Open Elite Developers Limited CIN U68200MH2000PLC128301 | Active | 17 Aug 2000 | Mumbai, Maharashtra | ₹179 Cr | 270 | 3 | View details |
Products & Services of Reliance Money
Reliance Money offers a comprehensive portfolio of products and services, including Loans and EMI Calculator.
Offers consumer and commercial loans for personal and business needs.
Online tool to calculate monthly installments for loan repayments.
Apps and channels of Reliance Money
its YouTube channel Reliance Money has 3.65K subscribers and 30 videos.
Videos from Reliance Money
The most watched videos on Reliance Money's YouTube channel, Reliance Money (3.65K subscribers). Click a video to play it here.
More on Reliance Money.
Board of directors of Open Elite Developers Limited (Reliance Money)
Open Elite Developers Limited is the primary company behind Reliance Money. The board of Open Elite Developers Limited currently have 2 directors; the longest-serving is Rahul Arun Bagaria, appointed in 2022. 29 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rahul Arun Bagaria DIN 06611268 | Director | 05 Nov 2022 | 3 yrs 11 mo | Open Elite Developers Limited |
| Bhaviika Bharatkumar Jain DIN 08738884 | Director | 09 Jan 2023 | 3 yrs 9 mo | Open Elite Developers Limited |
Financials of Reliance Money
Figures of Open Elite Developers Limited, the primary company behind Reliance Money, for FY 2024. Revenue was ₹179 Cr (+9% year on year). Net profit was ₹208 Cr. EBITDA was ₹1,309 Cr (732% margin). Revenue has grown at a compounded annual rate of -31% over three years and -37% over five years.
- ₹179 CrRevenue · FY 2024 · +9% YoY
- ₹208 CrNet profit
- ₹1,309 CrEBITDA · 732% margin
- ₹535 CrPaid-up capital
- 270Employees (provident fund records)
- -31%Revenue CAGR, 3 years
- -37%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Open Elite Developers Limited are on its company page.
Detailed financial statements for Reliance Money
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Similar companies to Reliance Money
Reliance Money has 3 listed similar companies in our database, 1 of them funded. They include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| manappuram.com | 1992 | Valapad, India | $39.98M | 32,076 | Consumer and SME loans are provided by Manappuram Finance. | |
| ltfs.com | 1994 | Mumbai, India | 39,216 | Diversified lending services are provided as a non-banking financial institution. | ||
| iifl.com | 1995 | Mumbai, India | 16,076 | Online gold, home, personal, and business loans are provided. |
Detailed similar companies of Reliance Money
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Web traffic of Reliance Money
Websites that share an audience with Reliance Money (reliancemoney.co.in).
Websites whose visitors overlap most with Reliance Money. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| isfc.in | 100% | 2.2K | #7,175,446 | View details | |
| go-yubi.com | 87% | 46.5K | #714,462 | View details | |
| clix.capital | 77% | 14.4K | #1,493,364 | View details | |
| ibsintelligence.com | 77% | 84.9K | #478,100 | View details | |
financeseva.com | financeseva.com | 66% | #2,940,482 | – | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Reliance Money
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Top companies in Consumer and SME Loans
3 companies that operate in the same segment as Reliance Money (Consumer and SME Loans) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Consumer and SME loans are provided by Manappuram Finance. | 1992 | Valapad, Kerala, India | USD 39.98 M | USD 1.01 B | 51,650 | |
Affordable home loans are extended to low and middle-income groups. | 2010 | Mumbai, Maharashtra, India | USD 209.7 M | USD 203.79 M | 1,630 | |
Diversified lending services are provided as a non-banking financial institution. | 1994 | Mumbai, Maharashtra, India | USD 1.9 B | 36,520 |
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Related news about Reliance Money
Complete news archive for Reliance Money
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Frequently Asked Questions about Reliance Money
Reliance Money was founded in 2006.
Reliance Money is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Reliance Money, Open Elite Developers Limited, reported revenue of ₹179 Cr for FY 2024, up 9% year on year.
Reliance Commercial Finance Ltd., a subsidiary of Authum Investment Infrastructure Ltd., specializes in offering consumer and commercial loans to individuals and businesses. It operates through online platforms and direct applications, including EMI calculators for loan planning. Based in Mumbai, India, the company serves various clients, such as security services firms, by processing loan applications and supporting business growth. Services include new loans and customer support via dedicated lines.
Reliance Money's top competitors include Manappuram Finance, L & T Finance Holdings and IIFL Finance.
Reliance Money offers Loans and EMI Calculator.
Reliance Money operates through Open Elite Developers Limited.
The legal entities of Reliance Money currently have 3 directors, including Bhaviika Bharatkumar Jain, Rahul Arun Bagaria, Sandeep Ramesh Talekar.