Open Elite Developers Limited - Due diligence report

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

2000-08-17 Mumbai, Maharashtra Active Unlisted Active Compliant
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Reliance Money — 360° Intelligence Report

Generated from MCA filings & public records
52/100
Trust Score
Moderate

Reliance Money is assessed as Moderate with a Trust Score of 52/100. Reliance Money is an active public limited indian non-government company incorporated in 2000, operating in the Financial Services sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.

Report generated on 05 Jul 2026 from the latest processed filings. Open Elite Developers Limited snapshot & full profile →

Financial Health › Weak
Overall Assessment CautionWeakNeutralGoodStrong Neutral
Compliance › Caution

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
52/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
28/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
35/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
85/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
85/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
60/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
55/100
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.

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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: 85/100 Low Risk
  • Liabilities ≈ 38% EBITDA - serviceable.
  • Profitable - internal accruals available.
  • Externally credit-rated (D).

Charges position: 5 open (1,780.05 cr) · 64 satisfied (13,605.66 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Others34 48.0 cr
Sidbi5 48.0 cr
State Bank Of India5 48.0 cr
Syndicate Bank4 48.0 cr
Indian Overseas Bank2 48.0 cr
Bank Of India3 48.0 cr
Compliance Score: 28/100 Caution Indicated
  • Company status is Active as per MCA.
  • Balance sheet slightly behind (Mar 2024).
  • Flagged by authority: FIU, SEBI.
  • Litigation present in 5 court forum(s).
  • 1 auditor resignation(s) filed - latest: Price Waterhouse & Co Chartered Accountants LLP on 2019-06-11.
  • 18 active GST registration(s).
Legal cases on record (5)
05

Director Intelligence

Stability score: 85/100
NameDIN / PANDesignationAppointedTenureDIN status
BHAVIIKA BHARATKUMAR JAIN 01234567 Director 01/04/2018 6 yrs Approved
RAHUL ARUN BAGARIA 01234567 Director 01/04/2018 6 yrs Approved
Sandeep Ramesh Talekar 01234567 Director 01/04/2018 6 yrs Approved
  • 3 directors on the board.
  • No disqualified or deactivated DINs.
  • 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
Authum Investment & Infrastructure Limited
Subsidiaries
-
Group entities
3
Capital events
35 allotment(s) · 20 transfer(s)

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

Group entityRelationship% held
Authum Investment & Infrastructure Limited Holding Company 74.00%
Gullfoss Enterprises Private Limited Associate Company 74.00%
Reinplast Advanced Composites Private Limited Associate Company 74.00%
Global Wind Power Limited Associate Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 60 · Distress 55
Growth signals & trust indicators
Profit expanded 1.42 year-on-year.
Asset base grew 2.1x - capacity expansion.
Net margin improved to 24%.
Operating for 25+ years.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Negative net worth.
Compliance score is weak (28/100).
5 open charge(s) registered - assets are encumbered.
1 auditor resignation(s) on record - review the stated reasons.
5 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence43/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment56/100
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 1,780.05 cr already registered.
  • Compliance gaps should be priced into terms.
Investor view49/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • 3 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
04 Jan 2025
Charge satisfied
Others
09 Dec 2024
Charge satisfied
State Bank Of India
03 Dec 2024
Charge satisfied
Bank Of India
18 Nov 2024
Charge satisfied
Others
08 Nov 2024
Charge satisfied
Others
05 Nov 2024
Director appointed
Sandeep Ramesh Talekar (Cfo)
04 Nov 2024
Charge satisfied
Others
18 Oct 2024
Charge satisfied
United Bank Of India
16 Oct 2024
Charge satisfied
Others
15 Oct 2024
Charge satisfied
The Jammu And Kashmir Bank Limited
10 Oct 2024
Charge satisfied
Axis Bank Limited
03 Oct 2024
Charge satisfied
Others
Charge satisfied
State Bank Of India
30 Sep 2024
Last AGM held
Annual general meeting
27 Sep 2024
Charge satisfied
Sidbi
10

Key Observations

Auto-generated from the data above
Revenue declined 0.86 over the last 4 financial year(s).
Net profit margin moved from 61% to 38%.
3 active director(s) / partner(s); board looks stable and experienced.
18 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of D from Care.
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 35 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Sumant Investments Pvt.Ltd. U65993HR1986PTC137176 Bhondsi, Haryana, India
Prudential Management And Services Pvt Ltd U65100MH1982PTC026770 Mumbai, Maharashtra, India
Sharemicrofin U65910TG1999PLC031548 Hyderabad, Telangana, India
Arnold Holdings Limited L65993MH1981PLC282783 Mumbai, Maharashtra, India
Manappuram Home Finance Limited U65923KL2010PLC039179 Chavakkad, Kerala, India
Macrofil Investments Limited U65990MH1983PLC031477 Mumbai, Maharashtra, India
Bhagvati Autolink Private Limited U50100GJ2013PTC075869 Rajkot, Gujarat, India
Village U51109WB1994PLC063746 Kolkata, West Bengal, India
12

Who Uses This Report

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

Verify Reliance Money before audits and certifications: compliance score 28/100, 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 Money: 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 85/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 60/100, margin trends, ownership structure and peer set for Reliance Money - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 52/100, distress signals and MSME payment-delay disclosures - know whether Reliance Money pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (5 case(s) on record), regulatory flags, charge documents trail and director networks for Reliance Money - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Reliance Money an active company?

Reliance Money has MCA status “Active” with a compliance score of 28/100 (Caution Indicated).

Is Reliance Money financially healthy?

Reliance Money has a Financial Health Score of 35/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Reliance Money?

Its overall Trust Score is 52/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Reliance Money?

The ultimate holding entity is Authum Investment & Infrastructure Limited. 3 active director(s) are on record.

Does Reliance Money have loans or charges against its assets?

5 open charge(s) are registered against its assets, and 64 earlier charge(s) stand satisfied.

Is Reliance Money up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 28/100 (Caution Indicated).

Is it risky to lend to Reliance Money?

Its Credit Risk Score is 85/100 (Low Risk). 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.