About Open Elite Developers Limited
Data last updated: 23 December 2025
Open Elite Developers Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Authum Investment & Infrastructure Limited. It specialises in non-banking financial services (NBFC), a part of the broader financial services sector. Incorporated on 17 August 2000, the company has been in operation for over 26 years.
Registered with ROC Mumbai under CIN U68200MH2000PLC128301.
Capital: an authorised share capital of ₹1,000.2 Cr and a paid-up capital of ₹535.47 Cr. Formerly known as Reliance Gilts Limited and Open Elite Developers Limited. It is led by directors Bhaviika Bharatkumar Jain and Rahul Arun Bagaria.
Last AGM: 30 September 2024. Financial statements filed for year ended 31 March 2024. Office: Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹178.86 Cr, a growth of 9% compared to the previous year.
The company has a workforce of approximately 270 employees as per the latest available data. It operates as a subsidiary of Authum Investment & Infrastructure Limited.
The company is associated with 1 brand - Reliance Money. As per MCA filings, the company has open charges of ₹1,780.05 Cr and satisfied charges of ₹13,606 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website reliancemoney.co.in.
-
EmailLocked
-
TelephoneLocked
-
Website
-
Social Media
-
Registered AddressThe Ruby 11Th Floor North – West Wing Plot No. 29, Senapati Bapat Marg Dadar (West) Mumba, Mumbai, Maharashtra, India – 400028
-
IndustryFinancial Services, NBFC, Investment & Credit NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Open Elite Developers Limited
Open Elite Developers Limited has undergone 2 name changes throughout its history. The company was previously known as Reliance Gilts Limited, and Open Elite Developers Limited. The current legal name is Open Elite Developers Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Open Elite Developers Limited | Current |
| Reliance Gilts Limited | Previous |
CIN History of Open Elite Developers Limited
Open Elite Developers Limited has one previous CIN (Corporate Identification Number): U66010MH2000PLC128301. The current CIN is U68200MH2000PLC128301, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U68200MH2000PLC128301 | Current |
| U66010MH2000PLC128301 | Previous |
Associated Brands with Open Elite Developers Limited
Open Elite Developers Limited operates one associated brand: Reliance Money. These brands represent Open Elite Developers Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Provides consumer and commercial loans with financial services in India. | reliancemoney.co.in |
Competitors & Alternatives of Open Elite Developers Limited
Brands and companies operating in the same space as Open Elite Developers Limited include Manappuram Finance, L & T Finance Holdings, Bajaj Finserv and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Manappuram Finance
|
Consumer and SME loans are provided by Manappuram Finance. | Valapad, India, India | 1992 |
L & T Finance Holdings
|
Diversified lending services are provided as a non-banking financial institution. | Mumbai, India, India | 1994 |
Bajaj Finserv
|
Financial solutions including loans and insurance are offered. | Pune, India, India | 2007 |
Northern Arc Capital
|
Household and business loans are provided with risk management support. | Chennai, India, India | 2006 |
IIFL Finance
|
Online gold, home, personal, and business loans are provided. | Mumbai, India, India | 1995 |
Mahindra Finance
|
Consumer and SME loans are provided by Mahindra Finance. | Mumbai, India, India | 1991 |
Hero Fincorp
|
2-wheeler loans and consumer/business financing are provided by Hero Fincorp. | Delhi, India, India | 1991 |
Kinara Capital
|
Collateral-free loans are provided to MSMEs for business operations. | Bengaluru, India, India | 2011 |
Dvara KGFS
|
Loans for consumers and SMEs are provided alongside financial services. | Chennai, India, India | 2008 |
Auditor Details of Open Elite Developers Limited
Open Elite Developers Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2018. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | Locked | Locked | Locked |
Complete auditor history for Open Elite Developers Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Open Elite Developers Limited
Open Elite Developers Limited is currently managed by 2 directors, with 29 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Bhaviika Bharatkumar Jain
Also directs:
Winmore Leasing And Holdings Limited
|
Director | 09 Jan 2023 | 3 Years 6 Months | Current |
|
Rahul Arun Bagaria
Also directs:
Bagaria & Co Llp, India Pesticides Limited., Authum Investment & Infrastructure Limited and 2 more
|
Director | 05 Nov 2022 | 3 Years 8 Months | Current |
Financials of Open Elite Developers Limited FY 2024 filings available
Open Elite Developers Limited reported revenue of ₹178.86 Cr (up 9.00% YoY) for FY 2024.
Ten-year financial statements for Open Elite Developers Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Open Elite Developers Limited
Shareholding and ownership data for Open Elite Developers Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Group Structure of Open Elite Developers Limited
Open Elite Developers Limited has 3 associated companies. This group structure data is as of FY 2023. The corporate group structure reflects Open Elite Developers Limited's business expansion strategy and organizational complexity.
Charges & Borrowings of Open Elite Developers Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Oct 2022 | Others | ₹250 Cr | Open |
| 18 Jun 2018 | Others | ₹732.02 Cr | Open |
| 23 Feb 2018 | Others | ₹398.03 Cr | Open |
| 03 May 2017 | Others | ₹100 Cr | Open |
| 31 Mar 2017 | Others | ₹300 Cr | Open |
Total charge records: 69 View all charges
Employees and EPFO Compliance at Open Elite Developers Limited
View historical data on people associated with Open Elite Developers Limited, including employment history and EPFO contributions.
Employee and EPFO history for Open Elite Developers Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Open Elite Developers Limited
GST registrations and filing compliance for Open Elite Developers Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Open Elite Developers Limited
Credit ratings, litigation, and regulatory alerts for Open Elite Developers Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Open Elite Developers Limited
MSME payment history for Open Elite Developers Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Open Elite Developers Limited
Corporate group structure for Open Elite Developers Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Open Elite Developers Limited
MCA filings and documents for Open Elite Developers Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Open Elite Developers Limited
Recent News on Open Elite Developers Limited
Frequently Asked Questions about Open Elite Developers Limited
Open Elite Developers Limited is an active public limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 17 August 2000 (26+ years old) and is registered under CIN U68200MH2000PLC128301. The company has 270 employees.
Open Elite Developers Limited reported revenue of ₹178.86 Cr for FY 2024 (up 9.00% YoY).
The current directors of Open Elite Developers Limited are:
- Bhaviika Bharatkumar Jain - Director
- Rahul Arun Bagaria - Director
The primary industry of Open Elite Developers Limited is financial services. The company specifically operates in nbfc. The company is currently active in this sector.
Open Elite Developers Limited can be reached at the registered office: The Ruby 11Th Floor North – West Wing Plot No. 29, Senapati Bapat Marg Dadar West Mumba, Mumbai, Maharashtra, India – 400028, or through the website reliancemoney.co.in.
The authorised capital is ₹1,000.2 Cr, and the paid-up capital is ₹535.47 Cr.