Reliable Data Services Ltd (RELIABLE) Share Price & Fundamentals

What we do

Reliable Data Services Limited provides customized transaction processing, management, and back-end services primarily to banks and financial institutions, enhancing operational efficiency via IT-enabled solutions.

Founded in

2,001

Market share

Key service provider to leading MNC and private sector banks with expanding clientele including several public sector banks.

Problem solved

Solves operational inefficiencies in banking and financial services through digital transaction processing, data management, and debt collection services.

Top clients or who we serve

Serves major banks like Standard Chartered, Deutsche Bank, HDFC Bank, ICICI Bank, and others mainly in B2B financial service segments.

Key management

Sanjay Kumar Pathak, Chairman-cum-Managing Director; other Whole-Time Directors include Rakesh Jha, Sunil Kumar Rai, Sandeep Kumar Jha, and Anil Kumar Jha.

Our journey and innovations

Incorporated in 2001, went public in 2017, expanded services from cheque management to mobile and image-based transaction processing and collections.

Where we operate

Primarily operates across India with clientele including multinational and domestic banks.

Top products or what we offer

Services include transaction processing, human resource services, customized MIS, debt management, and mobile-based collection solutions.

Top brands

Not applicable; operates under its corporate name in B2B service contracts with banking clients.

Raw materials needed

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Raw materials supplier

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Recurring vs cyclical contribution

Revenue mainly recurring from multi-year service contracts with banks and financial institutions.

Our industry position

A recognized player in banking BPO and financial services support with longstanding client relationships and diversified offerings.

Financial highlights

FY 2023-24 consolidated revenue Rs. 79.54 crores, PAT Rs. 5.29 crores; standalone revenue Rs. 52.35 crores, PAT Rs. 3.27 crores; healthy growth and profitability.

Geographical revenue split

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Order book

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Whats driving growth

Increased demand for IT-enabled banking services, expanding client base, enhanced digital capabilities, and multi-segment service offerings.

Our future plans

Focus on scaling operations, expanding service portfolio, and leveraging technology for enhanced client solutions.

Our green promise

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Our people and values

Strong professional team culture with focus on ethics, compliance, and customer-centric service delivery.

Key challenges ahead

Competition in the IT-enabled financial services sector and need for continuous technological upgrades.

Interesting facts

Successfully transitioned from private to public company and listed on NSE and BSE in 2017.

Risks and strategy

Mitigates operational and market risks through diversification of clients and robust internal controls.