About Reliance Money Express Limited
Data last updated:
Reliance Money Express Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Reliance Capital Ltd. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the financial services and investment segment of the financial services sector. It was incorporated on 28 November 2002.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2002PLC138032. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹30 Cr and a paid-up capital of ₹13.81 Cr. It was formerly known as Reliance Money Express Private Limited. It was led by directors including Sushilkumar Agrawal and Ganesh Janardhan Pai (Manager).
Its last annual general meeting (AGM) was held on 29 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 11th Floor R – Tech IT Park Western Express Highway Goregaon (East), Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2016, the company reported a revenue of ₹37.11 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹11.16 Cr (net margin 30.1%) and EBITDA of ₹15.71 Cr (EBITDA margin 42.3%).
As per MCA filings, the company had satisfied charges of ₹62.09 Cr on record. Court records list 24 cases involving the company, including 15 filed by the company and 9 filed against it; 3 cases are pending. The company has 1 deal on record (1 acquisition); the latest was in November 2006. Its 7 peer companies in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities) are compared by revenue, 5 larger and 2 smaller; the largest is Sambtek Forex Limited with revenue of ₹28.98 Cr.
The last known website on record is relianceada.com.
Company details
CIN history
Reliance Money Express has one previous CIN (Corporate Identification Number): U74999MH2002PTC138032. The current CIN is U74999MH2002PLC138032, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999MH2002PLC138032 | Current |
| U74999MH2002PTC138032 | Previous |
Contact details
Reliance Money Express Limited's registered office is in Mumbai, Maharashtra. Its website is relianceada.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address11th Floor R – Tech IT Park Western Express Highway Goregaon (East), Mumbai, Maharashtra, India – 400063
- IndustryFinancial Services, Financial Activities
To see the full contact details of Reliance Money Express 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 Money Express 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 Money Express Limited, buy the company report.
Financials of Reliance Money Express Limited
FY 2016 filings availableReliance Money Express Limited reported revenue of ₹37.11 Cr (down 32% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 32% in the latest year. EBITDA rose 832% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹37.11 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹15.71 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹11.16 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 42.3% | |
| Net Profit Margin | 30.1% | |
| 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 Money Express Limited, buy the company report.
Board of directors of Reliance Money Express Limited
Reliance Money Express has 4 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushilkumar Agrawal Also directs: Margo Finance Limited, Globesecure Technologies Limited, Dole Shipping Corporation Limited and 5 more | Director | 25 Mar 2015 | 11 Years 7 Months | As last reported |
| Ganesh Janardhan Pai | Manager | 01 Aug 2014 | 12 Years 3 Months | As last reported |
| Mihir Kanak Sundhani Also directs: Aureum Indicap LLP | Director | 18 Mar 2015 | 11 Years 7 Months | As last reported |
| Satyendra Mohanlal Sarupria Also directs: Bismarck World Private Limited | Director | 25 Mar 2015 | 11 Years 7 Months | As last reported |
Peer comparison
Reliance Money Express Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Reliance Money Express Limitedthis company | ₹37.11 Cr (FY 2016) | ₹11.16 Cr | 30.1% | -32.0% | Mumbai, Maharashtra, India | |
| Sambtek Forex Limited | ₹28.98 Cr (FY 2025) | -28.0% | Hyderabad, Telangana, India | |||
| Arsalan Tours and Travels Private Limited | ₹28.88 Cr (FY 2025) | -44.0% | Kolkata, West Bengal, India | |||
| Gateway Forex Private Limited | ₹28.73 Cr (FY 2025) | -65.0% | Kolkata, West Bengal, India | |||
| Prism Forex Private Limited | ₹28.7 Cr (FY 2024) | 60.0% | Hyderabad, Telangana, India | |||
| Tripsway Forex Private Limited | ₹28.68 Cr (FY 2025) | -51.0% | Delhi, India | |||
| Vintage Forex Private Limited | ₹28.42 Cr (FY 2020) | New Delhi, Delhi, India | ||||
| Kanika Tours and Travels Private Limited | ₹27.81 Cr (FY 2021) | -69.0% | New Delhi, Delhi, India |
To see the full peer comparison of Reliance Money Express Limited, buy the company report.
Auditor
Reliance Money Express Limited is audited by Chaturvedi & Shah for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chaturvedi & Shah | FY 2016 | 101720W |
Shareholding
The shareholding of Reliance Money Express Limited is on record for FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Reliance Money Express Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jan 2008 | 10093349 | Axis Bank Limited | ₹55 Cr | Satisfied | |
| 10 Oct 2001 | 90216013 | Housing Development Finance Corpn. Ltd. | ₹3 Cr | Satisfied | |
| 06 Oct 1995 | 90212743 | Housing Development Finance Corporation Ltd. | ₹1 Cr | Satisfied | |
| 19 Jun 1995 | 90214558 | Sbi Homes Finance Ltd. | ₹90 Lakh | Satisfied | |
| 13 Jun 1995 | 90214557 | Sbi Homes Finance Ltd. | ₹90 Lakh | Satisfied |
To see the full charge records of Reliance Money Express Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Reliance Money Express Limited has 1 deal on record (1 acquisition); the latest was in November 2006.
To see the full deal history of Reliance Money Express 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 Money Express Limited has 24 court cases on record: 15 filed by Reliance Money Express, 9 filed against it. 3 cases are pending and 21 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 3 | 2 |
| District courts | 10 | 4 | 1 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (OP(C)) | Filed by the company against Cee & Cee Gold & Forex Private Limited and 1 other | Disposed |
| District court, Kottayam, Kerala | Civil suit | Filed by the company against Cee and Cee Gold and Forex Private Ltd. | Disposed |
| Allahabad High Court | Court case (FAFO) | Filed against the company by an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against individuals | Pending |
| Bombay High Court | Court case (OLR) | Filed against the company by The Official Liquidator High Court Bombay | Pending |
To see the full case history of Reliance Money Express 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 Money Express Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Reliance Money Express Limited has 1 active EPFO establishment as of Apr 06, 2024.
GST
Reliance Money Express has 2 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 Money Express Limited, buy the company report.
Recent activity
Reliance Money Express Limited has 19 board changes on record since 2009: 4 appointments and 15 cessations. The latest: Mihir Kanak Sundhani ceased to be Additional Director on 28 Sep 2015.
27 earlier events are in the company report.
News
Frequently asked questions
Reliance Money Express has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Reliance Money Express was a public limited company based in Mumbai, Maharashtra, India. The company worked in financial activities, within the financial services industry. It was incorporated on 28 November 2002 and is registered under CIN U74999MH2002PLC138032. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Reliance Money Express was incorporated on 28 November 2002. It is registered with the Registrar of Companies, Mumbai.
Reliance Money Express had 4 directors:
- Sushilkumar Agrawal - Director
- Mihir Kanak Sundhani - Director
- Satyendra Mohanlal Sarupria - Director
- Ganesh Janardhan Pai - Manager
The CIN (Corporate Identification Number) of Reliance Money Express is U74999MH2002PLC138032. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Reliance Money Express is at 11th Floor R – Tech IT Park Western Express Highway Goregaon East, Mumbai, Maharashtra, India – 400063.
Reliance Money Express can be reached through the website relianceada.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Reliance Money Express on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 29 September 2016. Year-wise statements from 2015 are in the company report.
No. Reliance Money Express has 2 GST registrations on record and all of them are cancelled or inactive.
Reliance Money Express operated in the financial services industry, in the financial activities segment.
Reliance Money Express has 1 deal on record (1 acquisition); the latest was in November 2006.
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