About Reliance Telecom Limited
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Reliance Telecom Limited is a public limited company based in Navi Mumbai, Maharashtra, India, a subsidiary of Reliance Communications Limited. 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 telecom service providers segment of the telecommunications sector. It was incorporated on 01 March 1994.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U32100MH1994PLC162841. Its GSTIN is 27AAACR2658E1ZH (Maharashtra). The company holds 55 GST registrations, of which 27 are active.
The company has an authorised share capital of ₹500 Cr and a paid-up capital of ₹143.48 Cr. It was formerly known as Reliance Telecom Private Limited. It is led by directors including Mahesh Nathuram Mungekar and Sateesh Seth.
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at H Block 1st Floor A Wing Dhirubhai Ambani Knowledge City Kopark, Navi Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹24 Lakh, a growth of 118% compared to the previous year. For the same year it recorded a net loss of ₹1,286.64 Cr and EBITDA of -₹873.04 Cr. Revenue has grown at a compounded annual rate (CAGR) of 34% over three years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹90,342 Cr and satisfied charges of ₹18,145 Cr on record. Court records list 319 cases involving the company, including 129 filed by the company and 193 filed against it; 49 cases are pending. The company has 7 deals on record (3 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹1,412.63 Cr; the latest was in March 2020. Its 4 peer companies in the Telecom industry (Telecom Service Providers), with the same principal business activity (wired, wireless or satellite telecommunication activities) are compared by revenue, 3 larger and 1 smaller; the largest is Equal Access Limited with revenue of ₹25.09 Lakh. The company has 19 MSME Form 1 returns on record between 2009 and 2022, listing 194 overdue payments to 24 micro and small suppliers.
The last known website on record is rcom.co.in.
Company details
CIN history
Reliance Telecom has one previous CIN (Corporate Identification Number): U32100GJ1994PLC021442. The current CIN is U32100MH1994PLC162841, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U32100MH1994PLC162841 | Current |
| U32100GJ1994PLC021442 | Previous |
Contact details
Reliance Telecom Limited's registered office is in Navi Mumbai, Maharashtra. Its website is rcom.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressH Block 1st Floor A Wing Dhirubhai Ambani Knowledge City Koparkh, Airane, Navi Mumbai, Maharashtra, India – 400710
- IndustryTelecom, Telecom Service Providers
To see the full contact details of Reliance Telecom 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 Telecom is information and communication. In detail, this covers wired, wireless or satellite telecommunication activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J5 | Wired, wireless or satellite Telecommunication activities |
To see the full business activity and turnover split of Reliance Telecom Limited, buy the company report.
Financials of Reliance Telecom Limited
FY 2024 filings availableReliance Telecom Limited reported revenue of ₹24 Lakh (up 118% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 34% over three years, including 118% growth in the latest year. EBITDA fell 7% 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 | -₹873.04 Cr | ||||
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| Net Profit (PAT) | -₹1,286.64 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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To see the full financial statements and ratios of Reliance Telecom Limited, buy the company report.
Board of directors of Reliance Telecom Limited
Reliance Telecom has 4 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hiral Jainesh Shah Also directs: Reliance Communications Infrastructure Limited, SJ Corporation Limited, Tarapur Transformers Limited and 5 more | Additional Director | 07 Dec 2024 | 1 Years 11 Months | As last reported |
| Mahesh Nathuram Mungekar | Director | 01 May 2020 | 6 Years 6 Months | As last reported |
| Sateesh Seth | Director | 11 Apr 1997 | 29 Years 6 Months | As last reported |
| Payal Harshadbhai Shah Also directs: Centre for Economic & Social Inclusion Private Limited | Director | 19 Sep 2021 | 5 Years 1 Months | As last reported |
Peer comparison
Reliance Telecom Limited is compared with the 4 companies closest to it by revenue in the Telecom industry (Telecom Service Providers), with the same principal business activity (wired, wireless or satellite telecommunication activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Equal Access Limited | ₹25.09 Lakh (FY 2024) | -14.0% | New Delhi, Delhi, India | |||
| KS Interconnect Systems Private Limited | ₹24.78 Lakh (FY 2024) | 9.0% | Agra, Uttar Pradesh, India | |||
| Mahmudra Infocom Private Limited | ₹24.28 Lakh (FY 2023) | 34.0% | Ghaziabad, Uttar Pradesh, India | |||
| Reliance Telecom Limitedthis company | ₹24 Lakh (FY 2025) | -₹1,286.64 Cr | 118.0% | 3 | Navi Mumbai, Maharashtra, India | |
| Satpro Information Systems Private Limited | ₹23.5 Lakh (FY 2016) | -9.0% | Pune, Maharashtra, India |
To see the full peer comparison of Reliance Telecom Limited, buy the company report.
Auditor
Reliance Telecom Limited is audited by Pathak H. D. & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pathak H. D. & Associates LLP | FY 2023 | 107783W/W100593 |
Shareholding
The shareholding of Reliance Telecom 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 Telecom Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Sep 2018 | 100203279 | State Bank of India | ₹46,243 Cr | Open | |
| 30 May 2017 | 100100238 | Others | ₹200 Cr | Open | |
| 13 Feb 2017 | 100076821 | Others | ₹500 Cr | Open | |
| 08 Feb 2017 | 100075984 | Others | ₹250 Cr | Open | |
| 08 Nov 2016 | 100058818 | Others | ₹300 Cr | Open |
To see the full charge records of Reliance Telecom Limited, buy the company report.
Total charge records: 66 View all charges
Deals & funding
Reliance Telecom Limited has 7 deals on record (3 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹1,412.63 Cr; the latest was in March 2020.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Reliance Communications Tamil Nadu Private Limited Seller: Reliance Infratel Limited |
| Feb 2015 | Rights issue | ₹50 Cr | Investors: Reliance Communications Limited , Reliance Realty Limited |
| Aug 2010 | Secondary share transfer | Undisclosed | Buyer: Reliance Communications Limited & Surendra Pipara, Reliance Communications Limited Seller: Reliance Communications Limited & Anil D Ambani |
| Mar 2008 | Rights issue | ₹15.07 Cr | Investors: Reliance Communications Limited , Reliance Realty Limited |
| Mar 2006 | Funding round | ₹19.93 Cr | Investors: Reliance Communications Limited , Reliance Realty Limited , Reliance Communications Limited & Anil D Ambani |
To see the full deal history of Reliance Telecom 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 Telecom Limited has 319 court cases on record: 129 filed by Reliance Telecom, 193 filed against it. 49 cases are pending and 270 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 156 | 64 | 17 |
| District courts | 100 | 84 | 13 |
| Supreme Court | 54 | 36 | 17 |
| NCLAT | 7 | 7 | 2 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 319)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (4501-Telegraph & Telecom Laws : Telegraph & Telecom laws) | Filed by the company against Bharti Airtel Ltd Through Its Director Airtel Centre, Plot No. 16, Udyog Vihar, Phase - IV , District: Gurgaon ,Gurgaon , Haryana and 1 other | Pending |
| Supreme Court | Court case (4501-Telegraph & Telecom Laws : Telegraph & Telecom laws) | Filed by the company against Idea Cellular Ltd Through Its Director, Regulatory and Corporate Affairs 1005-6, Kailash Building, 26, K.G. Marg , District: Delhi ,New Delhi , Delhi | Pending |
| NCLAT, Court II | Tribunal matter | Filed against the company by Budhpur Buildcon Private Limited and 4 others | Disposed |
| District court, Kamrup Metro, Assam | Execution petition | Filed against the company by Pratiyam Ventures Pvt. Ltd. | Disposed |
| Bombay High Court | Court case (CARBP) | Filed by the company against Reliance Infratel Limited and 2 others | Disposed |
To see the full case history of Reliance Telecom 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 Telecom Limited was last rated by Icra on 12 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 12 Aug 2021 |
To see the full credit ratings and regulatory alerts of Reliance Telecom Limited, buy the company report.
MSME payment delays
Reliance Telecom Limited has 19 MSME Form 1 returns on record between 2009 and 2022, listing 194 overdue payments to 24 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 24)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Reliance Telecom Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Reliance Telecom Limited has a workforce of 3 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Reliance Telecom has 55 GST registrations: 27 active and 28 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR2658E1ZH | Maharashtra | Active | 01 Jul 2017 |
| 03AAACR2658E1ZR | Punjab | Active | 01 Jul 2017 |
| 04AAACR2658E1ZP | Chandigarh | Active | 01 Jul 2017 |
| 05AAACR2658E1ZN | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Reliance Telecom Limited, buy the company report.
Recent activity
Reliance Telecom Limited has 21 board changes on record since 1997: 4 appointments and 17 cessations. The latest: Hiral Jainesh Shah was appointed as Additional Director on 07 Dec 2024.
126 earlier events are in the company report.
News
Frequently asked questions
Reliance Telecom 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 Telecom is a company under insolvency, formerly operating as a public limited company based in Navi Mumbai, Maharashtra, India. The company works in telecom service providers, within the telecom industry. It was incorporated on 01 March 1994 and is registered under CIN U32100MH1994PLC162841. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Reliance Telecom has 4 current directors:
- Hiral Jainesh Shah - Additional Director
- Mahesh Nathuram Mungekar - Director
- Sateesh Seth - Director
- Payal Harshadbhai Shah - Director
The latest financial statements of Reliance Telecom on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Reliance Telecom is U32100MH1994PLC162841. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reliance Telecom has open charges of ₹90,342 Cr and satisfied charges of ₹18,145 Cr as per latest MCA filings.
Reliance Telecom has 319 court cases on record: 129 filed by the company and 193 filed against it. 49 are pending. Most are in the high courts.
Reliance Telecom was incorporated on 01 March 1994. It is registered with the Registrar of Companies, Mumbai.
Reliance Telecom has 7 deals on record (3 funding rounds, 2 rights issues, 2 secondary share transfers), with disclosed funding of ₹1,412.63 Cr; the latest was in March 2020.
The peers of Reliance Telecom by revenue are Equal Access Limited, KS Interconnect Systems Private Limited, Mahmudra Infocom Private Limited, Satpro Information Systems Private Limited, all in the Telecom industry (Telecom Service Providers), with the same principal business activity (wired, wireless or satellite telecommunication activities).
Hiral Jainesh Shah was appointed as Additional Director on 07 Dec 2024. Vinay Soni ceased to be Manager on 20 Dec 2022. Trusha Deepak Shah ceased to be Additional Director on 30 Sep 2022. Reliance Telecom has 21 board changes on record in total.
Reliance Telecom has 19 MSME Form 1 returns on record between 2009 and 2022, listing 194 overdue payments to 24 micro and small suppliers. The latest return was filed on 29 Apr 2024.
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