About Religare Securities Limited
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Religare Securities 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 brokerage and trading services segment of the financial services sector. It was incorporated on 26 June 1986.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U65910DL1986PTC151115. Its GSTIN is 08AAACF1952D1Z0 (Rajasthan). The company held 10 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹50 Cr and a paid-up capital of ₹34.49 Cr. It was led by directors including Padam Narain Bahl and Krishnan Subramanian.
Its last annual general meeting (AGM) was held on 30 August 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at 2nd Floor Rajlok Building 24 Nehru Place, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2016, the company reported a revenue of ₹377.23 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹14 Cr (net margin 3.7%) and EBITDA of ₹103.59 Cr (EBITDA margin 27.5%).
The company had about 2,010 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 7 subsidiaries.
As per MCA filings, the company had satisfied charges of ₹435 Cr on record. Court records list 1,009 cases involving the company, including 800 filed by the company and 209 filed against it; 74 cases are pending. The company has 4 deals on record (2 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹297 Cr; the latest was in December 2017. Its 4 peer companies in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 3 larger and 1 smaller; the largest is Deutsche Equities India Private Limited with revenue of ₹389.81 Cr.
The last known website on record is religareonline.com.
Company details
CIN history
Religare Securities has one previous CIN (Corporate Identification Number): U65910MH1986PTC040236. The current CIN is U65910DL1986PTC151115, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65910DL1986PTC151115 | Current |
| U65910MH1986PTC040236 | Previous |
Contact details
Religare Securities 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 Address2nd Floor Rajlok Building 24 Nehru Place, New Delhi, Delhi, India – 110019
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Religare Securities 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 Religare Securities 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 Securities Limited, buy the company report.
Financials of Religare Securities Limited
FY 2016 filings availableReligare Securities Limited reported revenue of ₹377.23 Cr (down 7% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year. EBITDA rose 10% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹377.23 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹103.59 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹14 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 27.5% | |
| Net Profit Margin | 3.7% | |
| 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 Securities Limited, buy the company report.
Board of directors and KMP of Religare Securities Limited
Religare Securities Limited currently reports 3 directors and 2 key managerial personnel. 23 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Jain Also directs: Pricewaterhousecoopers Services LLP | Ceo | 02 Apr 2015 | 11 Years 6 Months | As last reported |
| Padam Narain Bahl Also directs: Religare Capital Markets Limited | Director | 09 Apr 2007 | 19 Years 6 Months | As last reported |
| Nitin Aggarwal | Cfo | 05 Jun 2015 | 11 Years 4 Months | As last reported |
| Krishnan Subramanian | Additional Director | 29 Dec 2017 | 8 Years 9 Months | As last reported |
| Rajesh Sharma | Additional Director | 29 Dec 2017 | 8 Years 9 Months | As last reported |
Peer comparison
Religare Securities Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Deutsche Equities India Private Limited | ₹389.81 Cr (FY 2019) | 12.0% | Mumbai, Maharashtra, India | |||
| Abhinandan Stock Broking Private Limited | ₹388.12 Cr (FY 2025) | 11.0% | Kolkata, West Bengal, India | |||
| Prognosis Securities Pvt Ltd | ₹386.23 Cr (FY 2025) | 10.0% | Kolkata, West Bengal, India | |||
| Religare Securities Limitedthis company | ₹377.23 Cr (FY 2016) | ₹14 Cr | 3.7% | -7.0% | 2,010 | New Delhi, Delhi, India |
| Findoc Investmart Private Limited | ₹362 Cr (FY 2025) | -5.0% | Gandhinagar, Gujarat, India |
To see the full peer comparison of Religare Securities Limited, buy the company report.
Auditor
Religare Securities Limited is audited by Price Waterhouse for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse | FY 2016 |
Shareholding
The shareholding of Religare Securities Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Religare Securities Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jun 2017 | 100119813 | Axis Bank Limited | ₹100 Cr | Satisfied | |
| 16 May 2017 | 100104875 | Hdfc Bank Limited | ₹75 Cr | Satisfied | |
| 21 Mar 2016 | 100024721 | Others | ₹20 Cr | Satisfied | |
| 22 Dec 2011 | 10335805 | Hdfc Bank Limited | ₹130 Cr | Satisfied | |
| 17 Sep 2007 | 10070675 | Hdfc Bank Limited | ₹80 Cr | Satisfied |
To see the full charge records of Religare Securities Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Religare Securities Limited has 4 deals on record (2 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹297 Cr; the latest was in December 2017.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2017 | Acquisition | Undisclosed | Buyer: Religare Enterprises Limited |
| May 2013 | Secondary share transfer | Undisclosed | Seller: Religare Enterprises Limited |
| Mar 2008 | Funding round | ₹247 Cr | Investors: Religare Enterprises Limited |
| Mar 2007 | Funding round | ₹50 Cr | Investors: Religare Enterprises Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Religare Securities Limited has 1,009 court cases on record: 800 filed by Religare Securities, 209 filed against it. 74 cases are pending and 935 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 849 | 108 | 55 |
| High courts | 155 | 97 | 19 |
| Supreme Court | 5 | 4 | 0 |
Cases on record (5 of 1,009)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Execution petition | Filed by the company against M/S Singhal Credit Management LLP | Disposed |
| High Court of Delhi | Court case (FAO (COMM)) | Filed against the company by M/S Singhal Credit Management LLP Formerly Known As Singhal Credit Management Limited and 1 other | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed against the company by an individual | Pending |
| District court, South East, Delhi | Revision petition | Filed by the company against an individual | Pending |
| District court, South East, Delhi | Civil suit | Filed against the company by an individual | Pending |
To see the full case history of Religare Securities 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 Securities Limited was last rated by Icra on 04 Apr 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 04 Apr 2018 |
To see the full credit ratings and regulatory alerts of Religare Securities Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Religare Securities Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Religare Securities has 7 subsidiary companies and 1 associated company. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Religare Comtrade Limited | U51398HR2010PLC054584 | |
| Religare Capital Finance Limited | U65191DL2010PLC210548 | |
| Invesco Trustee Private Limited | U65991MH2005PTC153638 | |
| Rgam Capital India Limited | U67110DL2011PLC220955 | |
| Religare Investment Advisors Limited | U67190DL2011PLC221903 | |
| Religare Commodities Limited | U74999DL2003PLC123220 |
To see the full group structure of Religare Securities Limited, buy the company report.
Employees & EPFO
Religare Securities Limited has a workforce of 2,010 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.
GST
Religare Securities has 10 GST registrations: 1 active and 9 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAACF1952D1Z0 | Rajasthan | Active | 06 Jul 2017 |
To see the full GST registrations and return filing status of Religare Securities Limited, buy the company report.
Recent activity
Religare Securities Limited has 28 board changes on record since 2007: 5 appointments and 23 cessations. The latest: Krishnan Subramanian was appointed as Additional Director on 29 Dec 2017.
32 earlier events are in the company report.
News
Frequently asked questions
Religare Securities 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 Securities was a company based in New Delhi, Delhi, India. The company worked in brokerage and trading services, within the financial services industry. It was incorporated on 26 June 1986 and is registered under CIN U65910DL1986PTC151115. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Religare Securities was incorporated on 26 June 1986. It is registered with the Registrar of Companies, Delhi.
Religare Securities had 5 directors and KMP:
- Padam Narain Bahl - Director
- Krishnan Subramanian - Additional Director
- Rajesh Sharma - Additional Director
- Nitin Jain - Ceo
- Nitin Aggarwal - Cfo
The CIN (Corporate Identification Number) of Religare Securities is U65910DL1986PTC151115. 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 Securities is at 2nd Floor Rajlok Building 24 Nehru Place, New Delhi, Delhi, India – 110019.
Religare Securities can be reached through the website religareonline.com. Its registered office is in New Delhi, Delhi, India.
The latest financial statements of Religare Securities on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 August 2016. Year-wise statements from 2015 are in the company report.
The GSTIN of Religare Securities is 08AAACF1952D1Z0, registered in Rajasthan. The company has 10 GST registrations in all, of which 1 is active and 9 are cancelled or inactive.
Religare Securities operated in the financial services industry, in the brokerage and trading services segment.
Religare Securities has 4 deals on record (2 funding rounds, 1 secondary share transfer, 1 acquisition), with disclosed funding of ₹297 Cr; the latest was in December 2017.