About Reliance Underwater Systems Private Limited
Data last updated:
Reliance Underwater Systems Private Limited is a private limited company based in Rajula, Gujarat, India, a subsidiary of Reliance Naval And Engineering Limited. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 25 November 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29241GJ2013PTC077604. Its GSTIN is 24AAHCP5166G1ZD (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹28 Lakh. It was formerly known as Pipavav Lighter Than Air Systems Private Limited and Reliance Lighter Than Air Systems Private Limited. It is led by directors Arup Ashok Gupta and Shiby Jobby.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Survey No. 658 Village Rampara II Taluka Rajula, Gujarat, India – 365560.
As per the financials filed for FY 2021, the company reported a revenue of ₹27,000, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹39,000 (net margin -144.4%) and EBITDA of ₹7,000 (EBITDA margin 25.9%). Revenue has declined at a compounded annual rate (CAGR) of 52% over three years and 79% over five years.
The company has 3 deals on record (1 rights issue, 1 secondary share transfer, 1 acquisition); the latest was in August 2019. Its 10 peer companies in the Shipping industry (Shipbuilding and Repairs) are compared by revenue, 5 larger and 5 smaller; the largest is Cirus Boats Private Limited with revenue of ₹46,800.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website relianceada.com.
Company details
Name history
Reliance Underwater Systems has undergone 2 name changes throughout its history. The company was previously known as Pipavav Lighter Than Air Systems Private Limited, and Reliance Lighter Than Air Systems Private Limited. The current legal name is Reliance Underwater Systems Private Limited.
| Company Name | Status |
|---|---|
| Reliance Underwater Systems Private Limited | Current |
| Pipavav Lighter Than Air Systems Private Limited | Previous |
| Reliance Lighter Than Air Systems Private Limited | Previous |
Contact details
Reliance Underwater Systems Private Limited's registered office is in Rajula, Gujarat. Its website is relianceada.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No. 658 Village Rampara II Taluka Rajula, Gujarat, India – 365560
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Reliance Underwater Systems 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
Financials of Reliance Underwater Systems Private Limited
FY 2021 filings availableReliance Underwater Systems Private Limited reported revenue of ₹27,000 (up 350% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 350% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 79%. EBITDA rose 158% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7,000 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹39,000 | ||||
| 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.9% | ||||
| Net Profit Margin | -144.4% | ||||
| 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 Underwater Systems Private Limited, buy the company report.
Board of directors of Reliance Underwater Systems Private Limited
Reliance Underwater Systems has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arup Ashok Gupta Also directs: Reliance Power Limited, Reliance Technologies and Systems Private Limited, Bses Kerala Power Limited and 5 more | Director | 18 Jan 2016 | 10 Years 9 Months | Current |
| Shiby Jobby Also directs: Reliance Technologies and Systems Private Limited | Director | 02 Feb 2019 | 7 Years 8 Months | Current |
Peer comparison
Reliance Underwater Systems Private Limited is compared with the 10 companies closest to it by revenue in the Shipping industry (Shipbuilding and Repairs), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cirus Boats Private Limited | ₹46,800 (FY 2025) | Gurgaon, Haryana, India | ||||
| Mohini Shipping Private Limited | ₹39,000 (FY 2017) | Navi Mumbai, Maharashtra, India | ||||
| RV Offshore Private Limited | ₹30,680 (FY 2021) | Dombivali West Thane, Maharashtra, India | ||||
| Ambuvegaah Marine & Offshore Services Private Limited | ₹29,000 (FY 2021) | Uran, Maharashtra, India | ||||
| Nargol Infratech Private Limited | ₹27,340 (FY 2020) | Ahmedabad, Gujarat, India | ||||
| Reliance Underwater Systems Private Limitedthis company | ₹27,000 (FY 2021) | -₹39,000 | -144.4% | 350.0% | Rajula, Gujarat, India | |
| Cargo Infratech Private Limited | ₹26,012 (FY 2020) | Ahmedabad, Gujarat, India | ||||
| Sai Waterways Private Limited | ₹21,360 (FY 2025) | -76.0% | Vasco Da Gama, Goa, India | |||
| Alphard Logistics Private Limited | ₹20,184 (FY 2024) | Mumbai, Maharashtra, India | ||||
| Luxe Yachts Private Limited | ₹19,800 (FY 2024) | 56.0% | Chennai, Tamil Nadu, India | |||
| Sujan Navigation Private Limited | ₹18,450 (FY 2025) | Mumbai, Maharashtra, India |
To see the full peer comparison of Reliance Underwater Systems Private Limited, buy the company report.
Auditor
Reliance Underwater Systems Private Limited is audited by MAHENDRA & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAHENDRA & CO | FY 2019 | 509293C |
Shareholding
The shareholding of Reliance Underwater Systems Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Reliance Underwater Systems Private Limited, buy the company report.
Deals & funding
Reliance Underwater Systems Private Limited has 3 deals on record (1 rights issue, 1 secondary share transfer, 1 acquisition); the latest was in August 2019.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Rights issue | ₹14 Lakh | Investors: Rcasl Corporate Advisory Services Limited |
| Jul 2014 | Acquisition | ₹13 Lakh | Buyer: Swan Defence and Heavy Industries Limited |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: Pipavav Defence And Offshore Engineering Company Limited & Shekhar Gandhi, Pipavav Defence And Offshore Engineering Company Limited & Kirti Solanki, Swan Defence and Heavy Industries Limited Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Reliance Underwater Systems Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Reliance Underwater Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Reliance Underwater Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCP5166G1ZD | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Reliance Underwater Systems Private Limited, buy the company report.
Recent activity
Reliance Underwater Systems Private Limited has 13 board changes on record since 2015: 2 appointments and 11 cessations. The latest: Nikhil Nirmal Jain ceased to be Director on 06 Oct 2020.
4 earlier events are in the company report.
News
Frequently asked questions
Reliance Underwater Systems is an active private limited company based in Rajula, Gujarat, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 25 November 2013 (13+ years old) and is registered under CIN U29241GJ2013PTC077604.
Reliance Underwater Systems has 2 current directors:
- Arup Ashok Gupta - Director
- Shiby Jobby - Director
The latest financial statements of Reliance Underwater Systems on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The GSTIN of Reliance Underwater Systems is 24AAHCP5166G1ZD, registered in Gujarat.
The CIN (Corporate Identification Number) of Reliance Underwater Systems is U29241GJ2013PTC077604. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reliance Underwater Systems was incorporated on 25 November 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Reliance Underwater Systems has 3 deals on record (1 rights issue, 1 secondary share transfer, 1 acquisition); the latest was in August 2019.
The peers of Reliance Underwater Systems by revenue are Cirus Boats Private Limited, Mohini Shipping Private Limited, RV Offshore Private Limited, Ambuvegaah Marine & Offshore Services Private Limited, Nargol Infratech Private Limited and 5 more, all in the Shipping industry (Shipbuilding and Repairs).
Nikhil Nirmal Jain ceased to be Director on 06 Oct 2020. Shiby Jobby ceased to be Additional Director on 28 Sep 2019. Rupa Lachhiramka ceased to be Additional Director on 02 Feb 2019. Reliance Underwater Systems has 13 board changes on record in total.
Reliance Underwater Systems can be reached through the website relianceada.com. Its registered office is in Rajula, Gujarat, India.
The registered office of Reliance Underwater Systems is at Survey No. 658 Village Rampara II Taluka Rajula, Gujarat, India – 365560.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
