About Religare Comtrade Limited
Data last updated:
Religare Comtrade Limited was a public limited company based in New Delhi, Delhi, India, operated as a subsidiary of Religare Enterprises 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 diversified financial services segment of the financial services sector. It was incorporated on 24 June 2010.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U51398DL2010PLC351554. Its GSTIN is 07AAECR8405P1ZV (Delhi). The company held 10 GST registrations, of which 2 are active.
The company had an authorised share capital of ₹38 Cr and a paid-up capital of ₹37.13 Cr. It was formerly known as Religare Bullion Limited. It was led by directors Amarjeet Singh Arora (Manager) and Rajesh Sharma.
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 1407 14th Floor Chiranjiv Tower 43 Nehru Place New Delhi – 110019, Delhi, India – 110019.
As per the financials filed for FY 2022, the company reported a revenue of ₹35.9 Lakh, a growth of 24% compared to the previous year. For the same year it recorded a net loss of ₹1.36 Cr (net margin -377.8%) and EBITDA of ₹20.07 Lakh (EBITDA margin 55.9%). Revenue has declined at a compounded annual rate (CAGR) of 71% over three years.
The company was associated with 1 brand: Religare. As per MCA filings, the company had satisfied charges of ₹200 Cr on record. Court records list 12 cases involving the company, including 6 filed by the company and 6 filed against it; 8 cases are pending. The company has 6 deals on record (3 funding rounds, 1 debt financing, 1 secondary share transfer), with disclosed funding of ₹210.55 Cr; the latest was in March 2018.
The last known website on record is religare.com.
Company details
CIN history
Religare Comtrade has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U51398DL2010PLC351554, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51398DL2010PLC351554 | Current |
| U51398DL2010PLC204578 | Previous |
| U51398HR2010PLC054584 | Previous |
Contact details
Religare Comtrade Limited's registered office is in New Delhi, Delhi. Its website is religare.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address1407 14th Floor Chiranjiv Tower 43 Nehru Place New Delhi – 110019, Delhi, India – 110019
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Religare Comtrade 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 Comtrade 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 |
Business activity
The main business activity of Religare Comtrade is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
Financials of Religare Comtrade Limited
FY 2022 filings availableReligare Comtrade Limited reported revenue of ₹35.9 Lakh (up 24% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 24% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 71%. EBITDA rose 371% 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 | ₹35.9 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹20.07 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.36 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 55.9% | ||||
| Net Profit Margin | -377.8% | ||||
| 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 Comtrade Limited, buy the company report.
Board of directors and KMP of Religare Comtrade Limited
Religare Comtrade Limited currently reports 2 directors and 1 key managerial person. 27 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amarjeet Singh Arora | Manager | 21 Jun 2021 | 5 Years 4 Months | As last reported |
| Sandeep Kumar Diwan Also directs: Religare Care Foundation | Cfo | 09 Feb 2022 | 4 Years 8 Months | As last reported |
| Rajesh Sharma | Director | 28 Aug 2018 | 8 Years 1 Months | As last reported |
Auditor
Religare Comtrade Limited is audited by S S KOTHARI MEHTA & COMPANY for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S KOTHARI MEHTA & COMPANY | FY 2019 | 000756N |
Shareholding
The shareholding of Religare Comtrade 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 Religare Comtrade Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Nov 2017 | 100138248 | Others | ₹100 Cr | Satisfied | |
| 29 Dec 2014 | 10580412 | Punjab National Bank | ₹100 Cr | Satisfied |
To see the full charge records of Religare Comtrade Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Religare Comtrade Limited has 6 deals on record (3 funding rounds, 1 debt financing, 1 secondary share transfer), with disclosed funding of ₹210.55 Cr; the latest was in March 2018.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Religare Enterprises Limited Seller: Religare Securities Limited |
| Oct 2017 | Debt financing | ₹195.6 Cr | Investors: Religare Commodities Limited , JM Financial Mutual Fund-Balanced Fund, JM Financial Mutual Fund-Equity Fund |
| Mar 2016 | Acquisition | ₹25 Cr | Buyer: Religare Securities Limited |
| Dec 2015 | Funding round | ₹5 Cr | Investors: Religare Commodities Limited |
| Nov 2010 | Funding round | ₹4.95 Cr | Investors: Religare Commodities Limited |
To see the full deal history of Religare Comtrade 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
Religare Comtrade Limited has 12 court cases on record: 6 filed by Religare Comtrade, 6 filed against it. 8 cases are pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 6 | 5 | 6 |
| NCLT | 3 | 0 | 1 |
| High courts | 2 | 0 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, NCLT New Delhi | Insolvency matter | Filed by the company against Best Healthcare Pvt Ltd | Pending |
| District court, South East, Delhi | Civil suit | Filed against the company by an individual | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Daiichi Sankyo Company Limited | Pending |
| NCLAT, NCLAT New Delhi | Court case (Caveat) | Filed against the company by Daiichi Sankyo Company Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Daiichi Sankyo Company Limited | Pending |
To see the full case history of Religare Comtrade 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 Comtrade Limited was last rated by Icra on 15 Oct 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 15 Oct 2018 |
To see the full credit ratings and regulatory alerts of Religare Comtrade Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Religare Comtrade Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Religare Comtrade has 10 GST registrations: 2 active and 8 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAECR8405P1ZV | Delhi | Active | 01 Jul 2017 |
| 19AAECR8405P1ZQ | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Religare Comtrade Limited, buy the company report.
Recent activity
Religare Comtrade Limited has 27 board changes on record since 2012: 3 appointments and 24 cessations. The latest: Sandeep Kumar Diwan was appointed as CFO on 09 Feb 2022.
22 earlier events are in the company report.
News
Frequently asked questions
Religare Comtrade 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 Comtrade was a public limited company based in New Delhi, Delhi, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 24 June 2010 and is registered under CIN U51398DL2010PLC351554. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Religare Comtrade was incorporated on 24 June 2010. It is registered with the Registrar of Companies, Delhi.
Religare Comtrade had 3 directors and KMP:
- Rajesh Sharma - Director
- Amarjeet Singh Arora - Manager
- Sandeep Kumar Diwan - Cfo
The CIN (Corporate Identification Number) of Religare Comtrade is U51398DL2010PLC351554. 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 Comtrade is at 1407 14th Floor Chiranjiv Tower 43 Nehru Place New Delhi – 110019, Delhi, India – 110019.
Religare Comtrade can be reached through the website religare.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Religare Comtrade 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 Comtrade is 07AAECR8405P1ZV, registered in Delhi. The company has 10 GST registrations in all, of which 2 are active and 8 are cancelled or inactive. Other active GSTINs include 19AAECR8405P1ZQ (West Bengal).
Religare Comtrade operated in the financial services industry, in the diversified financial services segment.