About Reliance Financial Limited
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Reliance Financial Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Reliance Capital Ltd. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 26 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65990MH2005PLC155675. Its GSTIN is 27AADCR0887N1ZS (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹24.16 Cr. It was formerly known as Reliance Financial Services Limited. It is led by directors including Homai Ardeshir Darwalla and Lav Ramji Chaturvedi.
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 11th Floor R – Tech IT Park Nirlon Compound Western Express Highway Goregaon (East), Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.11 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹3.55 Cr (net margin -20.8%) and EBITDA of -₹3.21 Cr (EBITDA margin -18.8%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 11% over five years.
The company is associated with 2 brands: Reliance Financial and Reliance Mutual Fund. As per MCA filings, the company has open charges of ₹600 Cr and satisfied charges of ₹300 Cr on record. Court records list 22 cases involving the company, including 15 filed by the company and 7 filed against it; 6 cases are pending. The company has 11 deals on record (7 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹41.11 Cr; the latest was in March 2025.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website reliancefinancial.co.in.
Company details
Contact details
Reliance Financial Limited's registered office is in Mumbai, Maharashtra. Its website is reliancefinancial.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address11th Floor R – Tech IT Park Nirlon Compound Western Express Highway Goregaon (East), Mumbai, Maharashtra, India – 400063
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
To see the full contact details of Reliance Financial 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
Reliance Financial operates two associated brands: Reliance Financial and Reliance Mutual Fund. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers comprehensive solutions for margin trade finance and loans against securities. | reliancefinancial.co.in | |
| Equity and fixed income mutual funds are managed for investors. | reliancemutual.com |
Business activity
The main business activity of Reliance Financial is financial and insurance service. In detail, this covers financial and credit leasing activities and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Reliance Financial Limited, buy the company report.
Financials of Reliance Financial Limited
FY 2025 filings availableReliance Financial Limited reported revenue of ₹17.11 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 8% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 11%. EBITDA fell 134% 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 | -₹3.21 Cr | ||||
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| Net Profit (PAT) | -₹3.55 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 | -18.8% | ||||
| Net Profit Margin | -20.8% | ||||
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To see the full financial statements and ratios of Reliance Financial Limited, buy the company report.
Board of directors of Reliance Financial Limited
Reliance Financial has 3 current directors and 32 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Homai Ardeshir Darwalla Also directs: Stellar Arc Limited, GPS Renewables Private Limited | Director | 13 Apr 2016 | 10 Years 6 Months | Current |
| Lav Ramji Chaturvedi | Director | 26 Oct 2010 | 16 Years 0 Months | Current |
| Sushilkumar Agrawal Also directs: Margo Finance Limited, Globesecure Technologies Limited, Dole Shipping Corporation Limited and 5 more | Additional Director | 15 Nov 2025 | 0 Years 11 Months | Current |
Auditor
Reliance Financial Limited is audited by Pathak H.D. & Associates LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pathak H.D. & Associates LLP | FY 2022 | 107783W/ W100593 |
Shareholding
The shareholding of Reliance Financial 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 Financial Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Jun 2017 | 100106994 | Others | ₹350 Cr | Open | |
| 29 Dec 2015 | 10617912 | Il & Fs Trust Company Limited | ₹250 Cr | Open | |
| 15 May 2019 | 100266902 | Others | ₹300 Cr | Satisfied |
To see the full charge records of Reliance Financial Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Reliance Financial Limited has 11 deals on record (7 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹41.11 Cr; the latest was in March 2025.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Secondary share transfer | Undisclosed | Seller: Reliance Capital Ltd , Reliance Alpha Services Private Limited, Adhar Project Management & Consultancy Private Limited |
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: Cyqurex Technologies Private Limited Seller: Reliance Capital Ltd |
| Mar 2024 | Secondary share transfer | Undisclosed | Seller: Reliance Capital Ltd |
| Mar 2023 | Secondary share transfer | Undisclosed | Seller: Reliance Capital Ltd |
| Mar 2018 | Secondary share transfer | Undisclosed | Seller: Reliance Capital Ltd |
To see the full deal history of Reliance Financial 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 Financial Limited has 22 court cases on record: 15 filed by Reliance Financial, 7 filed against it. 6 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 1 | 0 |
| High courts | 10 | 4 | 6 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against Reliance Securities Ltd. and 1 other | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against State of Maharashtra | Pending |
| High Court, MAHARASHTRA | Court case (APL) | Filed against the company by individuals | Pending |
| High Court | Court case (CPCD) | Filed by the company against individuals | Pending |
To see the full case history of Reliance Financial 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 Financial Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Reliance Financial has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR0887N1ZS | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Reliance Financial Limited, buy the company report.
Recent activity
Reliance Financial Limited has 25 board changes on record since 2009: 5 appointments and 20 cessations. The latest: Sushilkumar Agrawal was appointed as Additional Director on 15 Nov 2025.
21 earlier events are in the company report.
Frequently asked questions
Reliance Financial is an active public limited company based in Mumbai, Maharashtra, India. The company works in nbfc, within the financial services industry. It was incorporated on 26 August 2005 (21+ years old) and is registered under CIN U65990MH2005PLC155675.
Reliance Financial has 3 current directors:
- Homai Ardeshir Darwalla - Director
- Lav Ramji Chaturvedi - Director
- Sushilkumar Agrawal - Additional Director
The latest financial statements of Reliance Financial on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 17 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Reliance Financial is 27AADCR0887N1ZS, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Reliance Financial is U65990MH2005PLC155675. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reliance Financial has 22 court cases on record: 15 filed by the company and 7 filed against it. 6 are pending. Most are in the district courts.
Reliance Financial was incorporated on 26 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Reliance Financial has 11 deals on record (7 secondary share transfers, 3 funding rounds, 1 rights issue), with disclosed funding of ₹41.11 Cr; the latest was in March 2025.
Sushilkumar Agrawal was appointed as Additional Director on 15 Nov 2025. Aman Gudral ceased to be Director on 29 Nov 2021. Ratnaprabha Hiraman Chaudhari ceased to be Company Secretary on 21 Jan 2021. Reliance Financial has 25 board changes on record in total.
Reliance Financial can be reached through the website reliancefinancial.co.in. Its registered office is in Mumbai, Maharashtra, India.
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