Open Elite Developers Limited - Company Profile

Q: Who are the current directors of Open Elite Developers Limited?

The current directors of Open Elite Developers Limited are Bhaviika Bharatkumar Jain, Rahul Arun Bagaria, Sandeep Ramesh Talekar.

It is a financial services public limited company based in Mumbai, Maharashtra, India, established in 2000.

2000 Mumbai, Maharashtra, India Active

Last Updated: December 23, 2025

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About Open Elite Developers Limited

Open Elite Developers Limited, a active public limited company, was established on 17 August 2000 in Mumbai, Maharashtra, India. Engaging in nbfc within the financial and insurance service sector, it holds CIN: U68200MH2000PLC128301. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹1,000.20 Cr and a paid-up capital of ₹535.47 Cr.

Formerly known as Reliance Gilts Limited, Open Elite Developers Limited. It upholds a compliant status. Employing 270 professional, Its leadership includes Bhaviika Bharatkumar Jain (Director), Rahul Arun Bagaria (Director). Past directors included Sushilkumar Agrawal, Deena Asit Mehta, Hari Sethumadhavan Nair. It holds ₹1,780.05 Cr open charges and ₹13,605.66 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at The Ruby, 11Th Floor, North-West Wing, Plot No. 29,, Senapati Bapat Marg, Dadar (West), Mumba, Mumbai, Maharashtra, 400028.

Company Details

CIN/LLPIN
U68200MH2000PLC128301
Registration Number
128301
Incorporation Date
17 August 2000
Authorized Capital
₹1,000.20 Cr
Paid-Up Capital
₹535.47 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1,000.20 Cr as on 23-12-2025
Paid Up Capital ₹ 535.47 Cr as on 23-12-2025
Company Age 25 Year, 6 Months
Last Filing with ROC 31 Mar 2024
Open Charges ₹ 1,780.05 Cr as on 23-12-2025
Satisfied Charges ₹ 13,605.66 Cr as on 23-12-2025
Revenue Growth **** -16.08% (FY 2023)
Profit Growth **** 157.12% (FY 2023)
Ebitda **** 172.20% (FY 2023)
Net Worth 69.86% (FY 2023)
Total Assets **** 54.88% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Open Elite Developers Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Open Elite Developers Limited?

Current Directors

Name	Designation	Appointment Date	Status
Bhaviika Bharatkumar Jain	Director	09 Jan 2023	Current
Rahul Arun Bagaria	Director	05 Nov 2022	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	30 Sep 2019	Past
Pramod Abcsdd	Director	30 Apr 2019	Past
Pramod Abcsdd	Director	15 Dec 2010	Past
Pramod Abcsdd	Whole-Time Director	24 Jan 2020	Past
Pramod Abcsdd	Additional Director	31 Mar 2023	Past
Pramod Abcsdd	Director	26 Feb 2018	Past

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Financial Performance of Open Elite Developers.

Reliance Commercial Finance Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 16.08% decrease. The company also saw a substantial improvement in profitability, with a 157.12% increase in profit. The company's net worth Soared by an impressive increase of 69.86%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-16.08%

*******

Revenue from Operations

*******

-16.05%

*******

Total Assets

*******

54.88%

*******

Profit or Loss

*******

157.12%

*******

Net Worth

*******

69.86%

*******

EBITDA

*******

172.20%

*******

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What is the Ownership and Shareholding Structure of Open Elite Developers?

In 2023, Open Elite Developers had a promoter holding of 100.00%. The company had 3 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹17,800,453,513.00

Satisfied Charges

₹136,056,640,860.87

Charges Breakdown by Lending Institutions

Others : 1780.05 Cr

Latest Charge Details

Date	Lender	Amount	Status
13 Oct 2022	Others	₹250.00 Cr	Open
18 Jun 2018	Others	₹732.02 Cr	Open
23 Feb 2018	Others	₹398.03 Cr	Open
03 May 2017	Others	₹100.00 Cr	Open
31 Mar 2017	Others	₹300.00 Cr	Open

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How Many Employees Work at Open Elite Developers?

Unlock and access historical data on people associated with Open Elite Developers, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Open Elite Developers, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Open Elite Developers's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Open Elite Developers

Recent Activity within the Organization

Charges

A charge registered on 27 Apr 2018 via Charge ID 100224806 with Others was fully satisfied on 04 Jan 2025. was recorded as a recent event.
04 Jan 2025
Charges

Progress on A charge registered on 28 Jul 2017 via Charge ID 100116566 with State Bank Of India was fully satisfied on 09 Dec 2024. was documented.
09 Dec 2024
Charges

The activity A charge registered on 28 Jul 2017 via Charge ID 100116571 with State Bank Of India was fully satisfied on 09 Dec 2024. was completed.
09 Dec 2024
Charges

A charge registered on 16 Jun 2017 via Charge ID 100108286 with Bank Of India was fully satisfied on 03 Dec 2024. was recorded as a recent event.
03 Dec 2024
Charges

Progress on A charge registered on 16 Jun 2017 via Charge ID 100107460 with Bank Of India was fully satisfied on 03 Dec 2024. was documented.
03 Dec 2024
Charges

The activity A charge registered on 16 Jun 2017 via Charge ID 100107465 with Bank Of India was fully satisfied on 03 Dec 2024. was completed.
03 Dec 2024

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