About GCX India Services Limited
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GCX India Services Limited is a public limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Flag Telecom Limited Bermuda. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 28 March 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH2000PLC125366. Its GSTIN is 27AACCD1606N1ZO (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Reliance Globalcom Private Limited and Digital Market India Pvt Ltd. It is led by directors including Anurag Joshi and Gopalan Ramakrishnan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 10th Floor Tower 1 Plot No. R – 1 Sector – 40 Seawoods Navi Mumbai, Maharashtra, India – 400706.
As per the financials filed for FY 2025, the company reported a revenue of ₹32.73 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹1.9 Cr (net margin 5.8%) and EBITDA of ₹3.52 Cr (EBITDA margin 10.8%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 17% over five years.
The company has about 264 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Global Cloud Xchange. Court records list 15 cases involving the company, including 3 filed by the company and 12 filed against it; 1 case is pending. The company has 6 deals on record (4 secondary share transfers, 2 acquisitions); the latest was in April 2020. The company has 8 MSME Form 1 returns on record between 2019 and 2023, listing 36 overdue payments to 6 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website relianceada.com.
Company details
Name history
GCX India Services has undergone 3 name changes throughout its history. The company was previously known as Reliance Globalcom Private Limited, Digital Market India Pvt Ltd, and Reliance Globalcom Limited. The current legal name is Gcx India Services Limited.
| Company Name | Status |
|---|---|
| GCX India Services Limited | Current |
| Reliance Globalcom Private Limited | Previous |
| Digital Market India Pvt Ltd | Previous |
| Reliance Globalcom Limited | Previous |
Contact details
GCX India Services Limited's registered office is in Navi Mumbai, Maharashtra. Its website is relianceada.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address10th Floor Tower 1 Plot No. R – 1 Sector – 40 Seawoods Navi Mumbai, Maharashtra, India – 400706
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of GCX India Services 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
GCX India Services operates one associated brand: Global Cloud Xchange. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Cloud infrastructure and consulting services are offered worldwide. | globalcloudxchange.com |
Business activity
The main business activity of GCX India Services is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of GCX India Services Limited, buy the company report.
Financials of GCX India Services Limited
FY 2025 filings availableGCX India Services Limited reported revenue of ₹32.73 Cr (down 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 17% over five years, including a 32% fall in the latest year. EBITDA fell 6% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.52 Cr | ||||
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| Net Profit (PAT) | ₹1.9 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.8% | ||||
| Net Profit Margin | 5.8% | ||||
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To see the full financial statements and ratios of GCX India Services Limited, buy the company report.
Board of directors of GCX India Services Limited
GCX India Services has 5 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anurag Joshi | Director | 27 Oct 2023 | 2 Years 11 Months | Current |
| Gopalan Ramakrishnan Also directs: Vanco India Ops Private Limited | Director | 27 Oct 2023 | 2 Years 11 Months | Current |
| Mohammad Ubaidullah Khan Also directs: Vanco India Ops Private Limited, GCXG India Private Limited | Director | 23 Jul 2020 | 6 Years 3 Months | Current |
| Pradeep Kumar Bhat Also directs: GCXG India Private Limited, Waveinfinity Technologies LLP, Sloka Partners India Private Limited and 2 more | Director | 25 Apr 2015 | 11 Years 5 Months | Current |
| Nishit Bhupendrakumar Bangdiwala | Director | 21 Apr 2022 | 4 Years 6 Months | Current |
Auditor
GCX India Services Limited is audited by For Priti V.Mehta & Company for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| For Priti V.Mehta & Company | FY 2022 | 129568W |
Shareholding
The shareholding of GCX India Services 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 GCX India Services Limited, buy the company report.
Deals & funding
GCX India Services Limited has 6 deals on record (4 secondary share transfers, 2 acquisitions); the latest was in April 2020.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2020 | Secondary share transfer | Undisclosed | Buyer: Flag Telecom Limited Seller: GCX India Services Limited |
| Jul 2012 | Acquisition | Undisclosed | Buyer: GCX India Services Limited Seller: AAA Project Finance Management Private Limited , Reliance India Private Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: AAA Project Finance Management Private Limited Seller: Acme Wind Power (Tenkasi) Private Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: Acme Wind Power (Tenkasi) Private Limited , Reliance India Private Limited Seller: Tractus Consultants Private Limited |
| Mar 2008 | Acquisition | Undisclosed | Buyer: Tractus Consultants Private Limited Seller: Netizen Gujarat Limited, Reliance Digital World Limited , Netizen Rajasthan Limited |
To see the full deal history of GCX India Services 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
GCX India Services Limited has 15 court cases on record: 3 filed by GCX India Services, 12 filed against it. 1 case is pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 13 | 11 | 0 |
| NCLAT | 2 | 1 | 1 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed by the company against Reliance Tech Services Limited & Ors | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Oil and Natural Gas Corporation Ltd. | Disposed |
| Bombay High Court | Court case (ADMS) | Filed against the company by Oil and Natural Gas Corporation Ltd. | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Gopalan Ramakrishnan Suspended Director of GCX India Services Limited | Pending |
| High Court | Tax appeal | Filed against the company by Commissioner of Income Tax IT 4 | Disposed |
To see the full case history of GCX India Services 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
GCX India Services Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 36 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Ryb Electrical Services Private Limited | |||
| Mega Water Proofing (India) Private Limited | |||
| an individual supplier | |||
| Suu-Bag Engineering & Piping Systems Private Limited |
To see the full MSME payment records of GCX India Services Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
GCX India Services Limited has a workforce of 264 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
GCX India Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCD1606N1ZO | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of GCX India Services Limited, buy the company report.
Recent activity
GCX India Services Limited has 29 board changes on record since 2007: 5 appointments and 24 cessations. The latest: Anurag Joshi was appointed as Director on 27 Oct 2023.
20 earlier events are in the company report.
News
Frequently asked questions
GCX India Services is an active public limited company based in Navi Mumbai, Maharashtra, India. The company works in HR outsourcing and talent management, within the business outsourcing industry. It was incorporated on 28 March 2000 (26+ years old) and is registered under CIN U51900MH2000PLC125366.
GCX India Services has 5 current directors:
- Anurag Joshi - Director
- Gopalan Ramakrishnan - Director
- Mohammad Ubaidullah Khan - Director
- Pradeep Kumar Bhat - Director
- Nishit Bhupendrakumar Bangdiwala - Director
The latest financial statements of GCX India Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of GCX India Services is 27AACCD1606N1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of GCX India Services is U51900MH2000PLC125366. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GCX India Services has 15 court cases on record: 3 filed by the company and 12 filed against it. 1 is pending. Most are in the high courts.
GCX India Services was incorporated on 28 March 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
GCX India Services has 6 deals on record (4 secondary share transfers, 2 acquisitions); the latest was in April 2020.
Anurag Joshi was appointed as Director on 27 Oct 2023. Gopalan Ramakrishnan was appointed as Director on 27 Oct 2023. Anurag Joshi ceased to be Additional Director on 26 Aug 2023. GCX India Services has 29 board changes on record in total.
GCX India Services has 8 MSME Form 1 returns on record between 2019 and 2023, listing 36 overdue payments to 6 micro and small suppliers. The latest return was filed on 29 Aug 2023.
GCX India Services can be reached through the website relianceada.com. Its registered office is in Navi Mumbai, Maharashtra, India.