Reliance Innoventures Private Limited
About Reliance Innoventures Private Limited
Data last updated:
Reliance Innoventures Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the financial holding companies segment of the financial services sector. It was incorporated on 27 December 2005.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U73100MH2005PTC158356. The company has 10 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1,000 Cr and a paid-up capital of ₹381.49 Cr. It was formerly known as Reliance Innoventures Limited. It is led by directors Sanjay P Shinde and Santosh Ramchandra Pujare.
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 502 Plot No 91/94 Prabhat Colony Santacruz – East, Mumbai, Maharashtra, India – 400055.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.95 Cr, a growth of 67% compared to the previous year. For the same year it recorded a net loss of ₹2,808.87 Cr and EBITDA of ₹21.42 Cr (EBITDA margin 69.2%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 66% over five years.
Its group structure includes 27 subsidiaries.
As per MCA filings, the company has open charges of ₹1,650.01 Cr and satisfied charges of ₹761.67 Cr on record. Court records list 39 cases involving the company, including 24 filed by the company and 15 filed against it; 6 cases are pending. The company has 20 deals on record (11 secondary share transfers, 8 funding rounds, 1 acquisition), with disclosed funding of ₹10,633 Cr; the latest was in March 2020.
Company details
CIN history
Reliance Innoventures has one previous CIN (Corporate Identification Number): U73100MH2005PLC158356. The current CIN is U73100MH2005PTC158356, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U73100MH2005PTC158356 | Current |
| U73100MH2005PLC158356 | Previous |
Contact details
Reliance Innoventures Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address502 Plot No 91/94 Prabhat Colony Santacruz – East, Mumbai, Maharashtra, India – 400055
- IndustryFinancial Services, Financial Holding Companies
To see the full contact details of Reliance Innoventures 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 Innoventures is electricity, gas, steam and air condition supply. In detail, this covers electric power generation, transmission and distribution.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Reliance Innoventures Private Limited, buy the company report.
Financials of Reliance Innoventures Private Limited
FY 2020 filings availableReliance Innoventures Private Limited reported revenue of ₹30.95 Cr (up 67% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 67% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 66%. 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 | ₹21.42 Cr | ||||
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| Net Profit (PAT) | -₹2,808.87 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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| EBITDA Margin | 69.2% | ||||
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To see the full financial statements and ratios of Reliance Innoventures Private Limited, buy the company report.
Board of directors of Reliance Innoventures Private Limited
Reliance Innoventures has 2 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay P Shinde Also directs: Rwtipl Industries Private Limited, Ambani Enterprises Private Limited, Reliance Oneworld Limited and 5 more | Additional Director | 31 Mar 2023 | 3 Years 6 Months | As last reported |
| Santosh Ramchandra Pujare Also directs: Ambani Enterprises Private Limited, Reliance Oneworld Limited, Ralston Trading Private Limited and 5 more | Additional Director | 31 Mar 2023 | 3 Years 6 Months | As last reported |
Auditor
Reliance Innoventures Private Limited is audited by M S SETHI & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S SETHI & ASSOCIATES | FY 2019 | 109407W |
Shareholding
The shareholding of Reliance Innoventures Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | 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 Innoventures Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Apr 2018 | 100172417 | Others | ₹650 Cr | Open | |
| 17 Oct 2017 | 100137818 | Others | ₹400 Cr | Open | |
| 13 Apr 2015 | 10617609 | Others | ₹250 Cr | Open | |
| 10 Jan 2015 | 10548631 | Axis Trustee Services Limited | ₹350 Cr | Open | |
| 13 Aug 2009 | 10178318 | Barclays Bank Plc | ₹50,000 | Open |
To see the full charge records of Reliance Innoventures Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Reliance Innoventures Private Limited has 20 deals on record (11 secondary share transfers, 8 funding rounds, 1 acquisition), with disclosed funding of ₹10,633 Cr; the latest was in March 2020.
Deals on record (5 of 20)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Aipl Vista Private Limited Seller: Triumvirate Sorority Private Limited |
| Oct 2019 | Secondary share transfer | Undisclosed | Seller: Aipl Vista Private Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Cle Private Limited Seller: Edico Ventures Private Limited , an individual |
| Mar 2018 | Acquisition | ₹262.34 Cr | Buyer: Edico Ventures Private Limited |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Species Commerce and Trade Private Limited , Cle Private Limited Seller: Spice Commerce and Trade Private Limited , Reliance Infrastructure Limited |
To see the full deal history of Reliance Innoventures 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 Innoventures Private Limited has 39 court cases on record: 24 filed by Reliance Innoventures, 15 filed against it. 6 cases are pending and 33 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 30 | 11 | 4 |
| District courts | 6 | 2 | 2 |
| NCLT | 2 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Ahmedabad | Insolvency matter | Filed by the company against Adani Electricity Mumbai Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Axis Trustee Services Limited | Disposed |
| High Court, MAHARASHTRA | Court case (COMSS) | Filed against the company by Housing Development Finance Corporation Limited | Disposed |
| High Court, MAHARASHTRA | Court case (CARAP) | Filed against the company by Axis Trustee Services Ltd. | Disposed |
| High Court, MAHARASHTRA | Court case (CARBP) | Filed against the company by Axis Trustee Services Limited | Disposed |
To see the full case history of Reliance Innoventures 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.
Credit ratings & regulatory alerts
Reliance Innoventures Private Limited was last rated by Brickwork on 11 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 11 Jan 2022 |
To see the full credit ratings and regulatory alerts of Reliance Innoventures Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Reliance Innoventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Reliance Innoventures has 27 subsidiary companies and 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| AAA Resources Private Limited | U13209MH2006PTC160774 | |
| Reliance Business Machines Private Limited | U29299MH2005PTC155864 | |
| Reliance Wind Turbine Installators Industries Private Limited | U29300MH2005PTC150533 | |
| Atlantic Ventures Private Limited | U51109MH2009PTC193200 | |
| Reliance Infradevelopment Private Limited | U51395MH2004PTC150310 | |
| Ralston Trading Private Limited | U51900MH1999PTC123008 |
To see the full group structure of Reliance Innoventures Private Limited, buy the company report.
GST
Reliance Innoventures 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 Innoventures Private Limited, buy the company report.
Recent activity
Reliance Innoventures Private Limited has 20 board changes on record since 2007: 2 appointments and 18 cessations. The latest: Sanjay P Shinde was appointed as Additional Director on 31 Mar 2023.
22 earlier events are in the company report.
Frequently asked questions
Reliance Innoventures is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Reliance Innoventures is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in financial holding companies, within the financial services industry. It was incorporated on 27 December 2005 and is registered under CIN U73100MH2005PTC158356. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Reliance Innoventures has 2 current directors:
- Sanjay P Shinde - Additional Director
- Santosh Ramchandra Pujare - Additional Director
The latest financial statements of Reliance Innoventures on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 30 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Reliance Innoventures is U73100MH2005PTC158356. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reliance Innoventures has open charges of ₹1,650.01 Cr and satisfied charges of ₹761.67 Cr as per latest MCA filings.
Reliance Innoventures has 39 court cases on record: 24 filed by the company and 15 filed against it. 6 are pending. Most are in the high courts.
Reliance Innoventures was incorporated on 27 December 2005. It is registered with the Registrar of Companies, Mumbai.
Reliance Innoventures has 20 deals on record (11 secondary share transfers, 8 funding rounds, 1 acquisition), with disclosed funding of ₹10,633 Cr; the latest was in March 2020.
Sanjay P Shinde was appointed as Additional Director on 31 Mar 2023. Santosh Ramchandra Pujare was appointed as Additional Director on 31 Mar 2023. Pankaj Shardul Pandya ceased to be Additional Director on 30 Sep 2022. Reliance Innoventures has 20 board changes on record in total.