Promoter holding
64.27%
RE
Religare Enterprises Limited - Due diligence report
A 360° intelligence report on Religare: trust score, financial health, credit view, compliance, directors, growth and distress signals - gen…
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Religare — 360° Intelligence Report
Generated from MCA filings & public records72/100
Trust Score
Moderate
Religare is assessed as Moderate with a Trust Score of 72/100. Religare is an active public limited indian non-government company incorporated in 1984, 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 high compliance risk and low financial risk profile.
Report generated on 17 Jul 2026 from the latest processed filings. Religare Enterprises Limited snapshot & full profile →
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 & explainableTrust ScoreModerate
72/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
32/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
95/100
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
75/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
80/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores 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
- No open charges - unencumbered balance sheet.
- Moderate gearing (D/E 38%).
- Profitable - internal accruals available.
- Externally credit-rated (A1).
Charges position: 0 open (-) · 9 satisfied (2,253.00 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 3 | 48.0 cr |
| Idbi Trusteeship Services Limited | 1 | 48.0 cr |
| Axis Trustee Services Limited | 2 | 48.0 cr |
| Punjab National Bank | 1 | 48.0 cr |
| Axis Bank Limited | 1 | 48.0 cr |
| Hdfc Bank Limited | 1 | 48.0 cr |
Compliance Score: 32/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: BSE, SEBI.
- Litigation present in 5 court forum(s).
- 1 auditor resignation(s) filed - latest: S.S. Kothari Mehta & Co on 2021-08-12.
- Delayed payments to MSME suppliers disclosed (20 disclosure(s)).
- 2 active GST registration(s).
Legal cases on record (5)
05
Director Intelligence
Stability score: 75/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| MALAY KUMAR SINHA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHRIKANT SHREENIWAS SOMANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Ramanathan Gurumurthy | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RANJAN DWIVEDI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PREETI MADAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PRAVEEN KUMAR TRIPATHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ARJUN LAMBA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJENDER MOHAN MALLA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SURESH MAHALINGAM | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Pratul Gupta | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Anuj Jain | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 11 directors on the board.
- No disqualified or deactivated DINs.
- 4 director exits in 3 years - high churn.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2023 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
6
Group entities
6
Capital events
46 allotment(s) · 0 transfer(s)
| Group entity | Relationship | % held |
|---|---|---|
| Kyte Management Limited | Subsidiary Company | 74.00% |
| Religare Advisors Limited | Subsidiary Company | 74.00% |
| Religare Broking Limited | Subsidiary Company | 74.00% |
| Religare Business Solutions Limited | Subsidiary Company | 74.00% |
| Religare Capital Markets (europe) Limited | Subsidiary Company | 74.00% |
| Religare Capital Markets (hong Kong) Limited | Subsidiary Company | 74.00% |
| Religare Capital Markets (singapore) Pte. Limited | Subsidiary Company | 74.00% |
| Religare Capital Markets (uk) Ltd | Subsidiary Company | 74.00% |
| Religare Capital Markets Corporate Finance Pte. Limited | Subsidiary Company | 74.00% |
| Religare Capital Markets Inc. | Subsidiary Company | 74.00% |
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 80
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Net margin improved to 0.86.
Operating for 42+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
4 director exits within 2 years.
Compliance score is weak (32/100).
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.64 Lakh.
5 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence58/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment75/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- No existing security registered - first-charge position available.
- Compliance gaps should be priced into terms.
Investor view89/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 4 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events29 Sep 2025
Last AGM held
Annual general meeting
10 Sep 2025
Director appointed
Pratul Gupta (Cfo)
08 Jul 2025
Director appointed
Ramanathan Gurumurthy (Director)
Director appointed
ARJUN LAMBA (Director)
Director appointed
SURESH MAHALINGAM (Director)
09 Apr 2025
Director ceased
SHRIKANT SHREENIWAS SOMANI
Director ceased
RAJENDER MOHAN MALLA
31 Mar 2025
Latest balance sheet
Filed with ROC
07 Mar 2025
Director appointed
Anuj Jain (Company Secretary)
21 Feb 2025
Director appointed
SHRIKANT SHREENIWAS SOMANI (Director)
Director appointed
RAJENDER MOHAN MALLA (Director)
17 Feb 2025
Director ceased
VINAY GUPTA
12 Nov 2024
Director ceased
NITIN AGGARWAL
09 Oct 2024
Charge satisfied
Others
23 Mar 2023
Director ceased
PREETI MADAN
10
Key Observations
Auto-generated from the data aboveRevenue grew 61% over the last 4 financial year(s).
Net profit margin moved from 38% to 1.42.
Debt-to-equity stands at 2.1x - manageable leverage.
Net worth is positive.
11 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
All 9 registered charge(s) stand satisfied - past borrowings repaid.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A1 from Icra.
EPFO-registered employer - verifiable payroll history exists.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 46 security allotment(s) - amounts available in the full report.
9 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Vistraitcl | U66020MH1995PLC095507 | Mumbai, Maharashtra, India |
| Malwa Motors India Private Limited | U50100DL2013PTC257330 | New Delhi, Delhi, India |
| Growth Securities Private Limited | U74899GJ1996PTC119714 | Gandhinagar, Gujarat, India |
| Rajasthan State Power Finance And Financial Services Corporation Limited | U65923RJ2012SGC041087 | Jaipur, Rajasthan, India |
| Clearcorp Dealing Systems (India) Limited | U74999MH2003PLC140849 | Mumbai, Maharashtra, India |
| Escortsmutual | U74899MH1995PLC324387 | Mumbai, Maharashtra, India |
| Sharrp Ventures Capital Private Limited | U15100MH1948PTC006179 | Mumbai, Maharashtra, India |
| Goolestan Investments Private Limited | U24240MH1989PTC051218 | Mumbai, Maharashtra, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Religare before audits and certifications: compliance score 32/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Religare: 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: Favourable lending indicators. Credit risk score 85/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Religare - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 72/100, distress signals and MSME payment-delay disclosures - know whether Religare 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 Religare - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Religare an active company?
Religare has MCA status “Active” with a compliance score of 32/100 (Caution Indicated).
Is Religare financially healthy?
Religare has a Financial Health Score of 95/100 (Low Risk) based on its filed financial statements.
Should I do business with Religare?
Its overall Trust Score is 72/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Religare?
See the directors and ownership sections above for board and shareholding detail. 11 active director(s) are on record.
Does Religare have loans or charges against its assets?
No open charges - all 9 registered charge(s) stand satisfied, indicating past borrowings were repaid.
Is Religare up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 32/100 (Caution Indicated).
Is it risky to lend to Religare?
Its Credit Risk Score is 85/100 (Low Risk). Banker verdict: Favourable lending indicators.
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.
