Reliable Ventures India Reports ₹107.44 Lakh Loss for FY 2023 Amid Revenue Decline Sep 06, 2025
Reliable Ventures India Limited, a hotel operations company, reported a net loss of ₹107.44 lakhs for FY 2023, compared to a profit of ₹366.47 lakhs in FY 2022. Revenue from operations declined to ₹621.54 lakhs from ₹1,825.19 lakhs. The company's hotel lease expired on May 30, 2023, prompting the Board to explore new investment opportunities near Bhopal Airport. Auditors highlighted concerns including expired lease terms, pending reconciliations, and statutory compliance issues. Despite challenges, the company continues to operate on a going concern basis, focusing on hotel operations within India.