Dear Shareholders,
It is my great pleasure to welcome you all to this 23rd Annual General Meeting of the
Company for the financial year ended 31st March 2024. I express my sincere
thanks to all the stakeholders for their unstinted cooperation and Continuing support.
As you all know, Reliable was founded in the year 2001 to give a complete customized
services to various Banking, financial Services and other manufacturing industries in the
field of Back office processing, Front office follow ups and Management services.
We are delighted to share that Reliable Data Services Limited has successfully upgraded
to the Main Board of NSE and BSE as of July 10th, 2024. With a network of more than 300
locations and feet on street of more than 2500, we are in a unique position to serve our
clients across the country. We count the industry leaders among our esteemed clients and
proudly offer them the best quality services at the lowest prices.
I look forward to sharing with you more milestones in this journey in the coming years.
On behalf of the Board of Directors of Reliable Data Services Limited, I want to thank you
for your continued trust, confidence, and support.
At this point in time, I like to share with you the highlights of the year's
performance and
Outlook for the next Year as mentioned below:
* Our total revenue for the year 2023-24 was Rs. 5226.09 lacs as compared to Rs.
4304.40 lacs in the previous year i.e 2022-23 which represents the increase of 21.41% in
the Standalone Financials.
* Our total revenue for the year 2023-24 was Rs. 7937.90 lacs as compared to Rs.
7282.66 lacs in the previous year i.e 2022-23 which represents the increase of 8.99% in
the Consolidated Financials.
* Our Profit before tax was Rs. 386.32 lacs as compared to Rs. 340.09 lacs in the
previous year altogether the profit after tax was Rs. 327.29 lacs as compared to Rs.
264.14 lacs in the previous year.
* Similarly as per the consolidated Financials Our Profit before tax was Rs. 688.12
lacs as compared to Rs 603.91 lacs in the previous year altogether the profit after tax
was Rs. 452.08 lacs as compared to Rs. 397.44 lacs in the previous year.
Finally I am thankful to all our Stakeholders, our Bankers, our Investors, our Vendors
and most importantly our customers for their trust and faith. I must acknowledge huge
contribution from entire team of Reliable Group i.e. not only from the flagship company
but also from the subsidiary and associate companies, who push their boundaries, rise
above challenges and leave no stone unturned to achieve consumer satisfaction.
| With Warm Regards, |
| Sanjay Kumar Pathak |
| Chairman |