About Religare Broking Limited
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Religare Broking Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Religare Enterprises Limited. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 20 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U65999DL2016PLC314319. Its GSTIN is 07AAHCR8454M1ZP (Delhi). The company holds 24 GST registrations, of which 23 are active.
The company has an authorised share capital of ₹256 Cr and a paid-up capital of ₹230.8 Cr. It is led by directors including Sandeep Juneja (Whole-Time Director) and Manjushree Nitin Ghodke.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 802 – 815B 8th Floor Gopal Das, Bhawan – 28 Barakhamba Road, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2023, the company reported a revenue of ₹288.22 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹11.37 Cr (net margin -3.9%) and EBITDA of ₹14.18 Cr (EBITDA margin 4.9%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 1% over five years.
The company has about 1,431 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: Religare and Religare Online. As per MCA filings, the company has open charges of ₹615.46 Cr and satisfied charges of ₹335.18 Cr on record. Court records list 144 cases involving the company, including 94 filed by the company and 50 filed against it; 48 cases are pending. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in July 2021. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 194 overdue payments to 40 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website religareonline.com.
Company details
CIN history
Religare Broking has one previous CIN (Corporate Identification Number): U65999MH2016PLC283904. The current CIN is U65999DL2016PLC314319, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65999DL2016PLC314319 | Current |
| U65999MH2016PLC283904 | Previous |
Contact details
Religare Broking Limited's registered office is in New Delhi, Delhi. Its website is religareonline.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address802 – 815B 8th Floor Gopal Das, Bhawan – 28 Barakhamba Road, New Delhi, Delhi, India – 110001
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Religare Broking 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 Broking operates two associated brands: Religare and Religare Online. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online trading platform for stocks, commodities, and investments is provided. | religare.com | |
| Online share trading and investments across asset classes are facilitated. | religareonline.com |
Business activity
The main business activity of Religare Broking is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Religare Broking Limited, buy the company report.
Financials of Religare Broking Limited
FY 2024 filings availableReligare Broking Limited reported revenue of ₹288.22 Cr (up 2% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 2% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 15% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹288.22 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹14.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.37 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.9% | ||||
| Net Profit Margin | -3.9% | ||||
| 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 Broking Limited, buy the company report.
Board of directors of Religare Broking Limited
Religare Broking has 9 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manjushree Nitin Ghodke Also directs: Capacit'e Infraprojects Limited, RDC Concrete(India) Limited | Director | 05 Feb 2019 | 7 Years 8 Months | Current |
| Malay Kumar Sinha Also directs: Care Health Insurance Limited, Religare Enterprises Limited, Religare Housing Development Finance Corporation Limited and 4 more | Director | 26 Nov 2020 | 5 Years 11 Months | Current |
| Sachchida Shrivastava | Director | 11 Jan 2023 | 3 Years 9 Months | Current |
| Rajesh Sharma | Additional Director | 27 Oct 2025 | 1 Years 0 Months | Current |
| Abhay Kumar Agarwal Also directs: Lite Bite Foods Private Limited, Forum I Aviation Private Limited, Ratna Commercial Enterprises Private Ltd. and 5 more | Director | 08 Apr 2025 | 1 Years 6 Months | Current |
| Arjun Lamba Also directs: Care Health Insurance Limited, Eveready Industries India Ltd, Religare Enterprises Limited and 5 more | Director | 08 Apr 2025 | 1 Years 6 Months | Current |
Auditor
Religare Broking Limited is audited by S.S. Kothari Mehta & Co. for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.S. Kothari Mehta & Co. | FY 2019 | 000756N |
Shareholding
The shareholding of Religare Broking 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Religare Broking Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jul 2025 | 101139727 | Hdfc Bank Limited | ₹9.16 Lakh | Open | |
| 03 Jul 2025 | 101130741 | Hdfc Bank Limited | ₹9.44 Lakh | Open | |
| 28 May 2025 | 101112236 | Others | ₹50 Cr | Open | |
| 15 Apr 2025 | 101085416 | Others | ₹50 Cr | Open | |
| 24 Feb 2025 | 101063028 | Hdfc Bank Limited | ₹9.97 Lakh | Open |
To see the full charge records of Religare Broking Limited, buy the company report.
Total charge records: 29 View all charges
Deals & funding
Religare Broking Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in July 2021.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2021 | Rights issue | ₹50 Cr | Investors: Religare Enterprises Limited |
| Oct 2016 | Secondary share transfer | Undisclosed | Buyer: Religare Enterprises Limited Seller: Religare Capital Market India Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Religare Broking Limited has 144 court cases on record: 94 filed by Religare Broking, 50 filed against it. 48 cases are pending and 96 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 112 | 41 | 31 |
| High courts | 30 | 9 | 17 |
| Supreme Court | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 144)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South, Delhi | Interim or miscellaneous application | Filed by the company against Gurmukh Tradex India Pvt Ltd | Pending |
| District court, Nagpur, Maharashtra | Court case (M.C.A.) | Filed by the company against National Securities Depository Limited Through Its Board of Directors Represented by Padmaja Chunduru and 1 other | Pending |
| District court, South, Delhi | Execution petition | Filed by the company against M/S Gurmukh Tradex India Pvt Ltd | Disposed |
| District court, West, Delhi | Execution petition | Filed by the company against M/S Singhal Credit Management LLP | Disposed |
| District court, Ajmer, Rajasthan | Civil miscellaneous application | Filed against the company | Pending |
To see the full case history of Religare Broking 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
Religare Broking Limited was last rated by Care on 19 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 19 Aug 2022 |
To see the full credit ratings and regulatory alerts of Religare Broking Limited, buy the company report.
MSME payment delays
Religare Broking Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 194 overdue payments to 40 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 40)
To see the full MSME payment records of Religare Broking Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Religare Broking has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Religare Digital Solutions Limited | U67110DL2022PLC396298 | |
| Religare Commodities Limited | U74999DL2003PLC123220 |
To see the full group structure of Religare Broking Limited, buy the company report.
Employees & EPFO
Religare Broking Limited has a workforce of 1,431 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Religare Broking has 24 GST registrations: 23 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAHCR8454M1ZP | Delhi | Active | 28 Oct 2017 |
| 03AAHCR8454M1ZX | Punjab | Active | 27 Oct 2017 |
| 04AAHCR8454M1ZV | Chandigarh | Active | 27 Oct 2017 |
| 05AAHCR8454M1ZT | Uttarakhand | Active | 27 Oct 2017 |
To see the full GST registrations and return filing status of Religare Broking Limited, buy the company report.
Recent activity
Religare Broking Limited has 45 board changes on record since 2016: 27 appointments and 18 cessations. The latest: Gurpreet Singh Sidana ceased to be Whole-Time Director on 27 Oct 2025.
87 earlier events are in the company report.
News
Frequently asked questions
Religare Broking is an active public limited company based in New Delhi, Delhi, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 20 July 2016 (10+ years old) and is registered under CIN U65999DL2016PLC314319.
Religare Broking has 9 current directors:
- Sandeep Juneja - Whole-Time Director
- Manjushree Nitin Ghodke - Director
- Malay Kumar Sinha - Director
- Sachchida Shrivastava - Director
- Rajesh Sharma - Additional Director
- Abhay Kumar Agarwal - Director
- Arjun Lamba - Director
- Suresh Mahalingam - Director
- Gurumurthy Ramanathan - Director
The latest financial statements of Religare Broking on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Religare Broking is 07AAHCR8454M1ZP, registered in Delhi. The company has 24 GST registrations in all, of which 23 are active and 1 is cancelled or inactive. Other active GSTINs include 03AAHCR8454M1ZX (Punjab), 04AAHCR8454M1ZV (Chandigarh), 05AAHCR8454M1ZT (Uttarakhand).
The CIN (Corporate Identification Number) of Religare Broking is U65999DL2016PLC314319. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Religare Broking has 144 court cases on record: 94 filed by the company and 50 filed against it. 48 are pending. Most are in the district courts.
Religare Broking was incorporated on 20 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Delhi.
Religare Broking has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in July 2021.
Gurpreet Singh Sidana ceased to be Whole-Time Director on 27 Oct 2025. Rajesh Sharma was appointed as Additional Director on 27 Oct 2025. Hamid Ahmed ceased to be Director on 11 Apr 2025. Religare Broking has 45 board changes on record in total.
Religare Broking has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 194 overdue payments to 40 micro and small suppliers. The latest return was filed on 12 Jun 2019.
Religare Broking can be reached through the website religareonline.com. Its registered office is in New Delhi, Delhi, India.
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