About Religare Advisors Limited
Data last updated:
Religare Advisors Limited was a public limited company based in Delhi, India, operated as a subsidiary of Religare Securities Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the portfolio management services segment of the financial services sector. It was incorporated on 15 March 2007.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2007PLC160580. Its GSTIN is 07AADCR5677C2ZA (Delhi). The company held 10 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹135 Cr and a paid-up capital of ₹37.22 Cr. It was formerly known as Religare Macquarie Wealth Management Limited and Religare Wealth Management Limited. It was led by directors including Amarjeet Singh Arora and Sandeep Kumar Diwan.
Its last annual general meeting (AGM) was held on 21 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 2nd Floor P – 14 45/90 P – Block Connaught Place New Delhi 110001, Delhi, India – 110001.
As per the financials filed for FY 2022, the company reported a revenue of ₹35.72 Lakh, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹9.72 Lakh (net margin 27.2%) and EBITDA of ₹30.3 Lakh (EBITDA margin 84.8%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years and 56% over five years.
The company had about 4 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Religare. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The last known website on record is religare.com.
Company details
Name history
Religare Advisors has undergone 3 name changes throughout its history. The company was previously known as Religare Macquarie Wealth Management Limited, Religare Wealth Management Limited, and Religare Wealth Management Services Limited. The current legal name is Religare Advisors Limited.
| Company Name | Status |
|---|---|
| Religare Advisors Limited | Current |
| Religare Macquarie Wealth Management Limited | Previous |
| Religare Wealth Management Limited | Previous |
| Religare Wealth Management Services Limited | Previous |
Contact details
Religare Advisors Limited's registered office is in Delhi, Delhi. Its website is religare.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address2nd Floor P – 14 45/90 P – Block Connaught Place New Delhi 110001, Delhi, India – 110001
- IndustryFinancial Services, Portfolio Management Services
To see the full contact details of Religare Advisors 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
Brands
Religare Advisors operates one associated brand: Religare. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online trading platform for stocks, commodities, and investments is provided. | religare.com |
Financials of Religare Advisors Limited
FY 2022 filings availableReligare Advisors Limited reported revenue of ₹35.72 Lakh (down 30% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 56% over five years, including a 30% fall in the latest year. EBITDA fell 20% 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 | ₹35.72 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹30.3 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.72 Lakh | ||||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 84.8% | ||||
| Net Profit Margin | 27.2% | ||||
| 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 Religare Advisors Limited, buy the company report.
Board of directors of Religare Advisors Limited
Religare Advisors has 3 current directors and 31 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amarjeet Singh Arora | Director | 19 Sep 2019 | 7 Years 1 Months | As last reported |
| Sandeep Kumar Diwan Also directs: Religare Care Foundation | Director | 16 Mar 2020 | 6 Years 7 Months | As last reported |
| Rajesh Sharma | Director | 19 Sep 2019 | 7 Years 1 Months | As last reported |
Peer comparison
Religare Advisors Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Portfolio Managers), 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 |
|---|---|---|---|---|---|---|
| Anived Advisors Private Limited | ₹38.34 Lakh (FY 2025) | -80.0% | Mumbai, Maharashtra, India | |||
| Pragmatic Equities (India) Private Limited | ₹37.96 Lakh (FY 2025) | -71.0% | Mumbai, Maharashtra, India | |||
| Ask Pravi Capital Advisors Private Limited | ₹37.46 Lakh (FY 2025) | -39.0% | Mumbai, Maharashtra, India | |||
| Religare Advisors Limitedthis company | ₹35.72 Lakh (FY 2022) | ₹9.72 Lakh | 27.2% | -30.0% | 4 | Delhi, India |
| Venkateshwara Enterprises Private Limited | ₹35.64 Lakh (FY 2020) | 42.0% | Pune, Maharashtra, India | |||
| SSG Investments Private Limited | ₹31.66 Lakh (FY 2025) | 38.0% | New Delhi, Delhi, India |
To see the full peer comparison of Religare Advisors Limited, buy the company report.
Auditor
Religare Advisors Limited is audited by S S KOTHARI MEHTA & COMPANY for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S KOTHARI MEHTA & COMPANY | FY 2021 | 000756N |
Shareholding
The shareholding of Religare Advisors 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 Religare Advisors Limited, buy the company report.
Legal cases
Religare Advisors Limited has 2 court cases on record: 1 filed by Religare Advisors, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Assistant Commissioner of Income Tax, Circle 19(1), Delhi & Ors. | Disposed |
| High Court of Delhi | Tax appeal | Filed against the company by Principal Commissioner of Income Tax - 7 | Disposed |
To see the full case history of Religare Advisors 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 Religare Advisors Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Religare Advisors Limited has a workforce of 4 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Religare Advisors has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCR5677C2ZA | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Religare Advisors Limited, buy the company report.
Recent activity
Religare Advisors Limited has 30 board changes on record since 2008: 3 appointments and 27 cessations. The latest: Paras Pant ceased to be Company Secretary on 25 Feb 2022.
21 earlier events are in the company report.
News
Frequently asked questions
Religare Advisors 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.
Religare Advisors was a public limited company based in Delhi, India. The company worked in portfolio management services, within the financial services industry. It was incorporated on 15 March 2007 and is registered under CIN U74999DL2007PLC160580. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Religare Advisors was incorporated on 15 March 2007. It is registered with the Registrar of Companies, Delhi.
Religare Advisors had 3 directors:
- Amarjeet Singh Arora - Director
- Sandeep Kumar Diwan - Director
- Rajesh Sharma - Director
The CIN (Corporate Identification Number) of Religare Advisors is U74999DL2007PLC160580. 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 Religare Advisors is at 2nd Floor P – 14 4590 P – Block Connaught Place New Delhi 110001, Delhi, India – 110001.
Religare Advisors can be reached through the website religare.com. Its registered office is in Delhi, India.
The latest financial statements of Religare Advisors on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 21 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Religare Advisors is 07AADCR5677C2ZA, registered in Delhi. The company has 10 GST registrations in all, of which 1 is active and 9 are cancelled or inactive.
Religare Advisors operated in the financial services industry, in the portfolio management services segment.
The peers of Religare Advisors by revenue are Anived Advisors Private Limited, Pragmatic Equities (India) Private Limited, Ask Pravi Capital Advisors Private Limited, Venkateshwara Enterprises Private Limited, SSG Investments Private Limited, all in the BFSI industry (Portfolio Managers), with the same principal business activity (other financial activities).
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