Reliance HR Services Private Limited
About Reliance HR Services Private Limited
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Reliance HR Services Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the HR outsourcing and talent management segment of the business process outsourcing sector. It was incorporated on 15 April 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH2005PTC169188. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Pragati Value Added People Employability Solutions Private Limited. It is led by directors Sanjeev Modi and Jaywant Chandrashekhar Prabhu.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at H Block 1st Floor Dhirubhai Ambani Knowledge City, Navi Mumbai, Maharashtra, India – 400710.
As per the financials filed for FY 2018, the company reported a revenue of ₹263.95 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹368.92 Cr (net margin -139.8%) and EBITDA of ₹61.16 Lakh (EBITDA margin 0.2%).
The company has about 4,612 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹4,318 Cr on record. Court records list 21 cases involving the company, including 1 filed by the company and 20 filed against it; 2 cases are pending. The company has 7 deals on record (7 secondary share transfers); the latest was in November 2015. Its 3 peer companies in the Business Services industry (Business Auxiliary Services, HR Outsourcing), with the same principal business activity (placement agencies and hr management services) are compared by revenue, 2 larger and 1 smaller; the largest is Xpheno Private Limited with revenue of ₹274.08 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Reliance HR Services has one previous CIN (Corporate Identification Number): U74140DL2005PTC135038. The current CIN is U74140MH2005PTC169188, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140MH2005PTC169188 | Current |
| U74140DL2005PTC135038 | Previous |
Contact details
Reliance HR Services Private Limited's registered office is in Navi Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressH Block 1st Floor Dhirubhai Ambani Knowledge City, Navi Mumbai, Maharashtra, India – 400710
- IndustryBusiness Outsourcing, HR Outsourcing & Talent Management
To see the full contact details of Reliance HR 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 HR Services is support service to organizations. In detail, this covers placement agencies and hr management services and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N2 | Placement agencies and HR management services | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Reliance HR Services Private Limited, buy the company report.
Financials of Reliance HR Services Private Limited
FY 2018 filings availableReliance HR Services Private Limited reported revenue of ₹263.95 Cr (down 12% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year. EBITDA fell 37% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹263.95 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹61.16 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹368.92 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 0.2% | |||
| Net Profit Margin | -139.8% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Reliance HR Services Private Limited, buy the company report.
Board of directors of Reliance HR Services Private Limited
Reliance HR Services has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjeev Modi | Director | 04 May 2018 | 8 Years 5 Months | Current |
| Jaywant Chandrashekhar Prabhu | Director | 07 Nov 2017 | 8 Years 11 Months | Current |
Peer comparison
Reliance HR Services Private Limited is compared with the 3 companies closest to it by revenue in the Business Services industry (Business Auxiliary Services, HR Outsourcing), with the same principal business activity (placement agencies and hr management services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Xpheno Private Limited | ₹274.08 Cr (FY 2025) | 47.0% | Bangalore, Karnataka, India | |||
| Novho Careers Private Limited | ₹265.08 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| Reliance HR Services Private Limitedthis company | ₹263.95 Cr (FY 2018) | -₹368.92 Cr | -139.8% | -12.0% | 4,612 | Navi Mumbai, Maharashtra, India |
| Husys Consulting Limited | ₹261.37 Cr (FY 2025) | 18.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Reliance HR Services Private Limited, buy the company report.
Auditor
Reliance HR Services Private Limited is audited by PRITI V MEHTA & COMPANY for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRITI V MEHTA & COMPANY | FY 2018 | 129568W |
Shareholding
The shareholding of Reliance HR Services Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Reliance HR Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Apr 2019 | 100259828 | Others | ₹4,318 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Reliance HR Services Private Limited has 7 deals on record (7 secondary share transfers); the latest was in November 2015.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2015 | Secondary share transfer | Undisclosed | Buyer: Reliance Globelcom Management Private Limited Seller: Worldtel Tamilnadu Private Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Innomedia Technologies Pvt. Ltd. Seller: GCX India Limited |
| May 2013 | Secondary share transfer | Undisclosed | Buyer: Worldtel Tamilnadu Private Limited , GCX India Limited , Netizen Engineering Private Limited Seller: Punjab Cybernet Private Limited , Haryana Cybernet Priavte Limited, Uttar Pradesh Network Private Limited |
| Jan 2007 | Secondary share transfer | Undisclosed | Buyer: Synergy Enterpreneur Solutions Limited Seller: Rajasthan Network Private Limited |
| Sep 2005 | Secondary share transfer | Undisclosed | Buyer: Rajasthan Network Private Limited , MP Network Private Limited, Punjab Cybernet Private Limited Seller: 3 individuals |
To see the full deal history of Reliance HR 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 HR Services Private Limited has 21 court cases on record: 1 filed by Reliance HR Services, 20 filed against it. 2 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 20 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by HDFC Bank Ltd, Through Its Autho. Officer- Mr. Tusharbhai Bachubhai Patel | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Yes Bank Ltd - Chinmay H. Acharya | Disposed |
| District court, Central, Delhi | Criminal case | Filed against the company by an individual | Pending |
| District court, Kanpur Nagar, Uttar Pradesh | Court case (Summon Trial Case) | Filed against the company by State of Up | Pending |
| High Court | Writ petition | Filed by the company against State of Kerala | Disposed |
To see the full case history of Reliance HR 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 HR Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Reliance HR Services Private Limited has a workforce of 4,612 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Reliance HR Services has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Reliance HR Services Private Limited, buy the company report.
Recent activity
Reliance HR Services Private Limited has 11 board changes on record since 2007: 2 appointments and 9 cessations. The latest: Jaywant Chandrashekhar Prabhu ceased to be Director on 13 Sep 2019.
3 earlier events are in the company report.
Frequently asked questions
Reliance HR Services is an active private 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 15 April 2005 (21+ years old) and is registered under CIN U74140MH2005PTC169188.
Reliance HR Services has 2 current directors:
- Sanjeev Modi - Director
- Jaywant Chandrashekhar Prabhu - Director
The latest financial statements of Reliance HR Services on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
No. Reliance HR Services has 10 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Reliance HR Services is U74140MH2005PTC169188. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reliance HR Services has 21 court cases on record: 1 filed by the company and 20 filed against it. 2 are pending. Most are in the district courts.
Reliance HR Services was incorporated on 15 April 2005, making it 21+ years old. It is registered with the Registrar of Companies, Mumbai.
Reliance HR Services has 7 deals on record (7 secondary share transfers); the latest was in November 2015.
The peers of Reliance HR Services by revenue are Xpheno Private Limited, Novho Careers Private Limited, Husys Consulting Limited, all in the Business Services industry (Business Auxiliary Services, HR Outsourcing), with the same principal business activity (placement agencies and hr management services).
Jaywant Chandrashekhar Prabhu ceased to be Director on 13 Sep 2019. Sanjeev Modi ceased to be Additional Director on 28 Sep 2018. Sanjeev Modi was appointed as Director on 04 May 2018. Reliance HR Services has 11 board changes on record in total.
The registered office of Reliance HR Services is at H Block 1st Floor Dhirubhai Ambani Knowledge City, Navi Mumbai, Maharashtra, India – 400710.
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