Reliance Value Services Private Limited
About Reliance Value Services Private Limited
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Reliance Value Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 21 October 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U70100MH2005PTC156934. Its GSTIN is 27AAFCA4453K1ZJ (Maharashtra).
The company has an authorised share capital of ₹2.11 Cr and a paid-up capital of ₹2.1 Cr. It was formerly known as Reliance Unicorn Enterprises Private Limited and Reliance Alpha Services Private Limited. It is led by directors Basantkumar Vijaysingh Varma and Ganesh Atmaram Pawde.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.23 Cr, a decline of 94% compared to the previous year. For the same year it recorded a net loss of ₹651.33 Cr and EBITDA of -₹651.33 Cr. Revenue has declined at a compounded annual rate (CAGR) of 56% over three years and 58% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹2,000 Cr and satisfied charges of ₹1,821.3 Cr on record. Court records list 13 cases involving the company, including 6 filed by the company and 7 filed against it; 3 cases are pending. The company has 8 deals on record (5 secondary share transfers, 2 acquisitions, 1 convertible or debt financing), with disclosed funding of ₹1,250 Cr; the latest was in January 2019.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Reliance Value Services has undergone 4 name changes throughout its history. The current legal name is Reliance Value Services Private Limited.
| Company Name | Status |
|---|---|
| Reliance Value Services Private Limited | Current |
| Reliance Unicorn Enterprises Private Limited | Previous |
| Reliance Alpha Services Private Limited | Previous |
| Payone Enterprises Private Limited | Previous |
| Ashadeep Properties Private Limited | Previous |
Contact details
Reliance Value Services Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressCosmos Chambers Cabin No. 11 Floor R – 1 Plot – 20 Raja Bahadur Mansion, Ambalal Doshi Marg Bombay Stock Exchange Fort, Mumbai, Maharashtra, India – 400001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Reliance Value Services Private 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
Business activity
The main business activity of Reliance Value Services is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Reliance Value Services Private Limited, buy the company report.
Financials of Reliance Value Services Private Limited
FY 2024 filings availableReliance Value Services Private Limited reported revenue of ₹3.23 Cr (down 94% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 58% over five years, including a 94% fall in the latest year. EBITDA fell 17% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹651.33 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹651.33 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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To see the full financial statements and ratios of Reliance Value Services Private Limited, buy the company report.
Board of directors of Reliance Value Services Private Limited
Reliance Value Services has 2 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Basantkumar Vijaysingh Varma | Director | 01 Aug 2024 | 2 Years 3 Months | Current |
| Ganesh Atmaram Pawde | Director | 08 Dec 2021 | 4 Years 11 Months | Current |
Auditor
Reliance Value Services Private Limited is audited by M. S. Sethi & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M. S. Sethi & Associates | FY 2022 | 109407W |
Shareholding
The shareholding of Reliance Value Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Reliance Value Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2015 | 10616095 | Reliance Capital Ltd | ₹2,000 Cr | Open | |
| 19 Mar 2014 | 10485302 | Reliance Capital Ltd | ₹1,821.3 Cr | Satisfied |
To see the full charge records of Reliance Value Services Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Reliance Value Services Private Limited has 8 deals on record (5 secondary share transfers, 2 acquisitions, 1 convertible or debt financing), with disclosed funding of ₹1,250 Cr; the latest was in January 2019.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Secondary share transfer | Undisclosed | Buyer: Ariel Trading Private Limited , Reliance Unicorn Enterprises Private Limited Seller: Edico Ventures Private Limited |
| Mar 2017 | Acquisition | ₹920 Cr | Buyer: Reliance Venture Asset Management Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Edico Ventures Private Limited Seller: Reliance Entertainment Networks Private Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Reliance Entertainment Networks Private Limited Seller: Reliance Venture Asset Management Limited |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Reliance Venture Asset Management Limited, Cle Private Limited , Reliance Unicorn Enterprises Private Limited Seller: 2 individuals |
To see the full deal history of Reliance Value Services Private 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
Reliance Value Services Private Limited has 13 court cases on record: 6 filed by Reliance Value Services, 7 filed against it. 3 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 3 | 1 |
| NCLAT | 3 | 3 | 0 |
| District courts | 2 | 1 | 2 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases s) | Filed by the company against Sawhney Builders Pvt Ltd. | Pending |
| High Court, TAMIL NADU | Writ petition | Filed against the company by SDS Leasing and Rental (OPC ) Private Limited | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by SDS Leasing and Rental (OPC ) Private Limited | Disposed |
| NCLT, Chennai | Insolvency matter | Filed by the company against M/S. KGS Developers Private Limited | Disposed |
| District court, Central, Delhi | Criminal case | Filed against the company by an individual | Pending |
To see the full case history of Reliance Value Services Private 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 Reliance Value Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Reliance Value Services has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Midcity Properties Private Limited | U70101WB2006PTC108131 |
To see the full group structure of Reliance Value Services Private Limited, buy the company report.
GST
Reliance Value Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCA4453K1ZJ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Reliance Value Services Private Limited, buy the company report.
Recent activity
Reliance Value Services Private Limited has 15 board changes on record since 2010: 2 appointments and 13 cessations. The latest: Basantkumar Vijaysingh Varma ceased to be Additional Director on 29 Sep 2024.
9 earlier events are in the company report.
Frequently asked questions
Reliance Value Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 21 October 2005 (21+ years old) and is registered under CIN U70100MH2005PTC156934.
Reliance Value Services has 2 current directors:
- Basantkumar Vijaysingh Varma - Director
- Ganesh Atmaram Pawde - Director
The latest financial statements of Reliance Value Services on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Reliance Value Services is 27AAFCA4453K1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Reliance Value Services is U70100MH2005PTC156934. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reliance Value Services has 13 court cases on record: 6 filed by the company and 7 filed against it. 3 are pending. Most are in the high courts.
Reliance Value Services was incorporated on 21 October 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Reliance Value Services has 8 deals on record (5 secondary share transfers, 2 acquisitions, 1 convertible or debt financing), with disclosed funding of ₹1,250 Cr; the latest was in January 2019.
Basantkumar Vijaysingh Varma ceased to be Additional Director on 29 Sep 2024. Basantkumar Vijaysingh Varma was appointed as Director on 01 Aug 2024. Ganesh Atmaram Pawde ceased to be Additional Director on 30 Sep 2022. Reliance Value Services has 15 board changes on record in total.
The registered office of Reliance Value Services is at Cosmos Chambers Cabin No. 11 Floor R – 1 Plot – 20 Raja Bahadur Mansion, Ambalal Doshi Marg Bombay Stock Exchange Fort, Mumbai, Maharashtra, India – 400001.
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