Indusind Securities Limited - Due diligence report

A 360° intelligence report on Reliance Securities: trust score, financial health, credit view, compliance, directors, growth and distress si…

2005-06-17 Mumbai, Maharashtra Active Unlisted Active Compliant
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IS Indusind Securities Limited
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Reliance Securities — 360° Intelligence Report

Generated from MCA filings & public records
73/100
Trust Score
Moderate

Reliance Securities is assessed as Moderate with a Trust Score of 73/100. Reliance Securities is an active public limited indian non-government company incorporated in 2005, operating in the Financial Services sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Indusind Securities Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Neutral

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
73/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
50/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
55/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
40/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
85/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 55/100 Moderate
  • Liabilities ≈ 38% EBITDA - stretched.
  • Open charges exceed net worth - secured lenders rank ahead.
  • Moderate gearing (D/E 1.42).
  • Profitable - internal accruals available.
  • Externally credit-rated (A4).

Charges position: 5 open (825.00 cr) · 4 satisfied (195.00 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others5 48.0 cr
Indusind Bank Ltd.1 48.0 cr
Yes Bank Limited2 48.0 cr
Hdfc Bank Limited1 48.0 cr
Compliance Score: 50/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Flagged by authority: SEBI, BSE, NSE.
  • Litigation present in 3 court forum(s).
  • 24 active GST registration(s).
Legal cases on record (3)
05

Director Intelligence

Stability score: 40/100
NameDIN / PANDesignationAppointedTenureDIN status
ANAND AGARWAL 01234567 Director 01/04/2018 6 yrs Approved
VRUNDA DHANESHA 01234567 Director 01/04/2018 6 yrs Approved
SANJAY SHARMA 01234567 Director 01/04/2018 6 yrs Approved
LAV RAMJI CHATURVEDI 01234567 Director 01/04/2018 6 yrs Approved
SANJAY SHARMA 01234567 Director 01/04/2018 6 yrs Approved
MOSALKANTI VASUDEV RAO 01234567 Director 01/04/2018 6 yrs Approved
  • 6 directors on the board.
  • MOSALKANTI VASUDEV RAO has DIN status "Deactivated due to non-filing of DIR-3 KYC".
  • 1 director exit(s) in the last 3 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Reliance Capital Ltd
Subsidiaries
-
Group entities
-
Capital events
32 allotment(s) · 2 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Reliance Capital Ltd Holding Company 74.00%

Key managerial personnel: SANJAY SHARMA (CFO) · LAV RAMJI CHATURVEDI (Whole-time director) · SANJAY SHARMA (Whole-time director)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 85 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +2.1x over 4 year(s).
Latest year revenue grew 24%.
Profit expanded 0.86 year-on-year.
Net margin improved to 61%.
Operating for 21+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (50/100).
5 open charge(s) registered - assets are encumbered.
3 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence69/100
Review suggested
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment66/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • 5 open charge(s) of 825.00 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view86/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 4 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 15 events
09 Dec 2025
Director appointed
ANAND AGARWAL (Additional Director)
29 Sep 2025
Last AGM held
Annual general meeting
28 Sep 2025
Director ceased
MOSALKANTI VASUDEV RAO
29 Aug 2025
Charge created
Others - 205.00 cr
31 Mar 2025
Latest balance sheet
Filed with ROC
29 Mar 2025
Director appointed
MOSALKANTI VASUDEV RAO (Director)
07 Jul 2022
Director ceased
SANJAY SHARMA
17 May 2022
Director appointed
SANJAY SHARMA (Whole-time director)
11 May 2022
Director appointed
SANJAY SHARMA (CFO)
22 Apr 2022
Director ceased
AMIT AGRAWAL
29 Nov 2021
Director ceased
AMAN GUDRAL
28 Apr 2021
Securities allotted
200 Debentures - 2.00 cr raised
21 Jan 2021
Director appointed
VRUNDA DHANESHA (Company Secretary)
29 Sep 2020
Director ceased
CHETAN RAMESHCHANDRA DESAI
10 Aug 2020
Director ceased
AMIT BAPNA
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
6 active director(s) / partner(s); review board churn before relying on management continuity.
24 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of A4 from Icra.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 32 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Chowdry Associates U65100DL1979ULT021615 New Delhi, Delhi, India
Asankhya Trading U51101GJ2013PTC115369 Gandhinagar, Gujarat, India
Teesta Retail Private Limited U51101GJ2007PTC134411 Ahmedabad, Gujarat, India
K Raheja Corp U55100MH1979PTC021866 Mumbai, Maharashtra, India
West Bengal Infrastructure Development Finance Corpn Ltd (Wbgovt Company) U74140WB1997SGC084422 Kolkata, West Bengal, India
Shriram Chits U65992TN1990PTC143337 Chennai, Tamil Nadu, India
Ruhi Forex Private Limited U67100DL2018PTC337786 New Delhi, Delhi, India
Duane Park U51909DL2016PTC300857 New Delhi, Delhi, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Reliance Securities before audits and certifications: compliance score 50/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Reliance Securities: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 55/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 85/100, margin trends, ownership structure and peer set for Reliance Securities - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Review suggested. Trust score 73/100, distress signals and MSME payment-delay disclosures - know whether Reliance Securities pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Reliance Securities - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Reliance Securities an active company?

Reliance Securities has MCA status “Active” with a compliance score of 50/100 (Moderate).

Is Reliance Securities financially healthy?

Reliance Securities has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.

Should I do business with Reliance Securities?

Its overall Trust Score is 73/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Reliance Securities?

The ultimate holding entity is Reliance Capital Ltd. 6 active director(s) are on record.

Does Reliance Securities have loans or charges against its assets?

5 open charge(s) are registered against its assets, and 4 earlier charge(s) stand satisfied.

Is Reliance Securities up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 50/100 (Moderate).

Is it risky to lend to Reliance Securities?

Its Credit Risk Score is 55/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.