About Reliance Tech Services Limited
Data last updated:
Reliance Tech Services Limited is a public limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Reliance Communications Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 30 July 2007.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2007PLC172690. Its GSTIN is 27AADCR6813J1Z6 (Maharashtra). The company holds 10 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Tech Reliance Private Limited. and Reliance Infosystems Private Limited. It is led by directors including Grace Thomas and Gourav Ranawat Singh.
Its last annual general meeting (AGM) was held on 28 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Hblock 1 Stfloor Dhirubhaiambaniknowledgecity, Navi Mumbai, Maharashtra, India – 400710.
As per the financials filed for FY 2022, the company reported a revenue of ₹3.35 Cr, a decline of 56% compared to the previous year. For the same year it recorded a net profit of ₹1.59 Cr (net margin 47.5%) and EBITDA of ₹1.59 Cr (EBITDA margin 47.5%). Revenue has declined at a compounded annual rate (CAGR) of 56% over three years and 60% over five years.
The company has about 48 employees on its provident fund (EPFO) records.
Court records list 11 cases involving the company, including 11 filed against it; 3 cases are pending.
The last known website on record is reliance-techservice.com.
Company details
Name history
Reliance Tech Services has undergone 5 name changes throughout its history. The current legal name is Reliance Tech Services Limited.
| Company Name | Status |
|---|---|
| Reliance Tech Services Limited | Current |
| Tech Reliance Private Limited. | Previous |
| Reliance Infosystems Private Limited | Previous |
| Xchange Tech Services Limited | Previous |
| Reliance Tech Services Private Limited | Previous |
| Tele Xchange Services Limited | Previous |
CIN history
Reliance Tech Services has one previous CIN (Corporate Identification Number): U72900MH2007PTC172690. The current CIN is U72900MH2007PLC172690, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900MH2007PLC172690 | Current |
| U72900MH2007PTC172690 | Previous |
Contact details
Reliance Tech Services Limited's registered office is in Navi Mumbai, Maharashtra. Its website is reliance-techservice.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHblock 1 Stfloor Dhirubhaiambaniknowledgecity, Navi Mumbai, Maharashtra, India – 400710
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Reliance Tech Services 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 Tech Services is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Reliance Tech Services Limited, buy the company report.
Financials of Reliance Tech Services Limited
FY 2022 filings availableReliance Tech Services Limited reported revenue of ₹3.35 Cr (down 56% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 60% over five years, including a 56% fall 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.35 Cr | ||||
| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.59 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 47.5% | ||||
| Net Profit Margin | 47.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Reliance Tech Services Limited, buy the company report.
Board of directors of Reliance Tech Services Limited
Reliance Tech Services has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Grace Thomas | Director | 27 Feb 2016 | 10 Years 7 Months | As last reported |
| Gourav Ranawat Singh Also directs: Paradox Studios Limited. | Director | 12 Nov 2019 | 6 Years 11 Months | As last reported |
| Vinay Soni Also directs: Reliance Globalcom Management Private Limited, Nis Sparta Limited | Director | 12 Nov 2019 | 6 Years 11 Months | As last reported |
| Rakesh Gupta | Director | 21 Jan 2019 | 7 Years 9 Months | As last reported |
Auditor
Reliance Tech Services Limited is audited by M S SETHI & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S SETHI & ASSOCIATES | FY 2020 | 109407W |
Shareholding
The shareholding of Reliance Tech Services Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Reliance Tech Services Limited, buy the company report.
Legal cases
Reliance Tech Services Limited has 11 court cases on record: 11 filed against it. 3 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 4 | 4 | 0 |
| NCLAT | 4 | 4 | 3 |
| High courts | 3 | 3 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Interlocutory Application | Interim or miscellaneous application | Filed against the company by Gopalan Ramakrishnan Suspended Director of GCX India Services Limited | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Fibcom India Limited | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Alcatel-Lucent Managed Solutions India Pvt.Ltd. | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Gopalan Ramakrishnan Suspended Director of GCX India Services Limited | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Gopalan Ramakrishnan Suspended Director of GCX India Services Limited | Pending |
To see the full case history of Reliance Tech Services 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 Tech Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Reliance Tech Services Limited has a workforce of 48 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Reliance Tech Services has 10 GST registrations: 7 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR6813J1Z6 | Maharashtra | Active | 01 Jul 2017 |
| 03AADCR6813J1ZG | Punjab | Active | 01 Jul 2017 |
| 06AADCR6813J1ZA | Haryana | Active | 01 Jul 2017 |
| 07AADCR6813J1Z8 | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Reliance Tech Services Limited, buy the company report.
Recent activity
Reliance Tech Services Limited has 16 board changes on record since 2011: 4 appointments and 12 cessations. The latest: Gourav Ranawat Singh ceased to be Director on 16 Jan 2022.
7 earlier events are in the company report.
Frequently asked questions
Reliance Tech Services is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Reliance Tech Services is a company under liquidation, formerly operating as a public limited company based in Navi Mumbai, Maharashtra, India. The company works in software development and support services, within the information technology industry. It was incorporated on 30 July 2007 and is registered under CIN U72900MH2007PLC172690. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Reliance Tech Services has 4 current directors:
- Grace Thomas - Director
- Gourav Ranawat Singh - Director
- Vinay Soni - Director
- Rakesh Gupta - Director
The latest financial statements of Reliance Tech Services on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 28 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Reliance Tech Services is U72900MH2007PLC172690. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reliance Tech Services has 11 court cases on record: 11 filed against it. 3 are pending. Most are in the nclt.
Reliance Tech Services was incorporated on 30 July 2007. It is registered with the Registrar of Companies, Mumbai.
Gourav Ranawat Singh ceased to be Director on 16 Jan 2022. Grace Thomas ceased to be Director on 30 Jun 2021. Vinay Soni ceased to be Additional Director on 14 Dec 2020. Reliance Tech Services has 16 board changes on record in total.
Reliance Tech Services can be reached through the website reliance-techservice.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The registered office of Reliance Tech Services is at Hblock 1 Stfloor Dhirubhaiambaniknowledgecity, Navi Mumbai, Maharashtra, India – 400710.