About Dion Global Solutions Limited
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Dion Global Solutions Limited is a public limited company based in Delhi, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 23 March 1994.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L74899DL1994PLC058032. Its GSTIN is 09AAACF1917E1ZZ (Uttar Pradesh). The company holds 9 GST registrations, of which 3 are active. It is recorded as listed by MCA, but trading in its shares on BSE (526927) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹85 Cr and a paid-up capital of ₹32.23 Cr. It was formerly known as Religare Technova Limited and Fortis Financial Services Limited. It is led by directors Jayashree Swaminathan and Rajiv Kumar Srivastava.
Its last annual general meeting (AGM) was held on 14 December 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at 409 Chaudhary Complex 9 Vs Block Madhuban Road Shakarpur, Delhi, India – 110092.
As per the financials filed for FY 2018, the company reported a revenue of ₹45.57 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net loss of ₹495.63 Cr and EBITDA of -₹416.89 Cr. Revenue has declined at a compounded annual rate (CAGR) of 6% over three years.
The company has about 70 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 3 brands: Dion Global Solutions, Andion Global and MyEquityLab. As per MCA filings, the company has open charges of ₹310 Cr and satisfied charges of ₹160.12 Cr on record. Court records list 588 cases involving the company, including 459 filed by the company and 129 filed against it; 7 cases are pending. The company has 32 deals on record (21 market trades, 6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹290.97 Cr; the latest was in July 2026.
The last known website on record is dionglobal.com.
Company details
Name history
Dion Global Solutions has undergone 2 name changes throughout its history. The company was previously known as Religare Technova Limited, and Fortis Financial Services Limited. The current legal name is Dion Global Solutions Limited.
| Company Name | Status |
|---|---|
| Dion Global Solutions Limited | Current |
| Religare Technova Limited | Previous |
| Fortis Financial Services Limited | Previous |
CIN history
Dion Global Solutions has one previous CIN (Corporate Identification Number): U74899DL1994PTC058032. The current CIN is L74899DL1994PLC058032, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74899DL1994PLC058032 | Current |
| U74899DL1994PTC058032 | Previous |
Contact details
Dion Global Solutions Limited's registered office is in Delhi, Delhi. Its website is dionglobal.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address409 Chaudhary Complex 9 Vs Block Madhuban Road Shakarpur, Delhi, India – 110092
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Dion Global Solutions 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
Dion Global Solutions operates multiple associated brands including Dion Global Solutions, Andion Global, and MyEquityLab. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of BPO services for digital marketing, financial industry, and information technology | dionglobal.com | |
| Waste-to-energy generation and wastewater treatment solutions are provided globally. | andionglobal.com | |
| Technical analysis solutions are offered to stock traders and investors. | myequitylab.com |
Business activity
The main business activity of Dion Global Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities and data processing, hosting and related activities; web portal. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | |
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal |
To see the full business activity and turnover split of Dion Global Solutions Limited, buy the company report.
Financials of Dion Global Solutions Limited
FY 2018 filings availableDion Global Solutions Limited reported revenue of ₹45.57 Cr (down 2% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over three years, including a 2% fall 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹45.57 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹416.89 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹495.63 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | ||||
| Net Profit Margin | ||||
| 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 Dion Global Solutions Limited, buy the company report.
Board of directors of Dion Global Solutions Limited
Dion Global Solutions has 2 current directors and 35 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayashree Swaminathan Also directs: Elements Infra Consulting Private Limited | Director | 31 Aug 2018 | 8 Years 1 Months | As last reported |
| Rajiv Kumar Srivastava | Additional Director | 09 Oct 2019 | 7 Years 0 Months | As last reported |
Auditor
Dion Global Solutions Limited is audited by S S KOTHARI MEHTA & COMPANY for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S KOTHARI MEHTA & COMPANY | FY 2018 | 000756N |
Shareholding
The shareholding of Dion Global Solutions Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Dion Global Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jun 2016 | 100039150 | Yes Bank Limited | ₹130 Cr | Open | |
| 05 Jul 2013 | 10442170 | Yes Bank Limited | ₹25 Cr | Open | |
| 13 Feb 2013 | 10410235 | Yes Bank Limited | ₹120 Cr | Open | |
| 24 Sep 2012 | 10382380 | Yes Bank Limited | ₹35 Cr | Open | |
| 12 Mar 2013 | 10415670 | Indusind Bank Ltd. | ₹100 Cr | Satisfied |
To see the full charge records of Dion Global Solutions Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Dion Global Solutions Limited has 32 deals on record (21 market trades, 6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹290.97 Cr; the latest was in July 2026.
Deals on record (5 of 32)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2026 | Acquisition | Undisclosed | Buyer: Indus Intellirisk & Intellisense Services Private Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: RHC Holding Private Limited Seller: Oscar Investments Limited |
| Mar 2015 | Market trade | ₹3.75 Cr | Buyer: Oscar Investments Limited Seller: Felex Enterprises Private Limited |
| Mar 2014 | Market trade | ₹5.26 Cr | Buyer: Oscar Investments Limited Seller: RHC Holding Private Limited |
| Mar 2014 | Market trade | ₹5.09 Cr | Buyer: RHC Holding Private Limited Seller: Manimudra Vincom Pvt Ltd , Burlington Finance Ltd. , an individual |
To see the full deal history of Dion Global Solutions Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Dion Global Solutions Limited has 588 court cases on record: 459 filed by Dion Global Solutions, 129 filed against it. 7 cases are pending and 581 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 354 | 23 | 2 |
| High courts | 228 | 101 | 5 |
| Supreme Court | 5 | 5 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 588)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0305-Arbitration Law and Other Alternative Dispute Resolution : Challenge to/enforcement of a foreign arbitral award) | Filed against the company by Ubs Management Services India Private Limited(Formerly Known As Credit Suisse Finance India Private | Disposed |
| Supreme Court | Court case (0305-Arbitration Law and Other Alternative Dispute Resolution : Challenge to/enforcement of a foreign arbitral award) | Filed against the company by DCB Bank Limited | Disposed |
| High Court, UTTARPRADESH | Court case (SPLA) | Filed against the company by M/S Vidiani Engineers Ltd and Another A.B. Sinha | Pending |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by P.J. Networks Pvt. Ltd. Through MD Registered Office at B-1406, Mansarovar Garden, New Delhi , , Delhi | Disposed |
| NCLT, New Delhi Bench Court-III | Insolvency matter | Filed by the company against RHC IT Solutions Pvt Ltd | Disposed |
To see the full case history of Dion Global Solutions 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 Dion Global Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Dion Global Solutions has 1 subsidiary company. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Oliverays Innovations Limited | U74140DL2004PLC262981 |
To see the full group structure of Dion Global Solutions Limited, buy the company report.
Employees & EPFO
Dion Global Solutions Limited has a workforce of 70 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Dion Global Solutions has 9 GST registrations: 3 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACF1917E1ZZ | Uttar Pradesh | Active | 01 Jul 2017 |
| 27AAACF1917E1Z1 | Maharashtra | Active | 01 Jul 2017 |
| 29AAACF1917E1ZX | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dion Global Solutions Limited, buy the company report.
Recent activity
Dion Global Solutions Limited has 70 board changes on record since 1994: 36 appointments and 34 cessations. The latest: Kiran Sharma ceased to be Director on 14 Jan 2021.
73 earlier events are in the company report.
News
Frequently asked questions
Dion Global Solutions is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Dion Global Solutions is a company under insolvency, formerly operating as a public limited company based in Delhi, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 23 March 1994 and is registered under CIN L74899DL1994PLC058032. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Dion Global Solutions has 2 current directors:
- Jayashree Swaminathan - Director
- Rajiv Kumar Srivastava - Additional Director
The latest financial statements of Dion Global Solutions on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 14 December 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Dion Global Solutions is L74899DL1994PLC058032. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dion Global Solutions is recorded as a listed company by MCA, but trading in its shares on BSE (526927) has been suspended, so they do not currently trade on a stock exchange.
Dion Global Solutions has open charges of ₹310 Cr and satisfied charges of ₹160.12 Cr as per latest MCA filings.
Dion Global Solutions has 588 court cases on record: 459 filed by the company and 129 filed against it. 7 are pending. Most are in the district courts.
Dion Global Solutions was incorporated on 23 March 1994. It is registered with the Registrar of Companies, Delhi.
Dion Global Solutions has 32 deals on record (21 market trades, 6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹290.97 Cr; the latest was in July 2026.
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