A) BASIS OF ACCOUNTING
 
 The financial statements are prepared under the historical cost
 convention and on accrual basis of accounting and in accordance with
 generally accepted accounting principles in India and comply in
 material aspect with the measurement and recognition principles of
 Accounting Standards referred in Section 211 (3C) of the Companies Act,
 1956 of India (the Act) read with Companies (Accounting Standard)
 Rules 2006 to the extent applicable and Non-Banking Financial (Non
 Deposit Accepting or Holding) Companies Prudential Norms (Reserve Bank)
 Directions, 2007.
 
 All assets and liabilities have been classified as current or
 non-current as per the Company''s normal operating cycle and other
 criteria set out in the Schedule VI to the Companies Act, 1956 read
 with RBI Directions as aforesaid. Based on the nature of products and
 the time between the acquisition of assets for processing and their
 realisation in cash and cash equivalents, the Company has ascertained
 its operating cycle as 12 months for the purpose of current - non
 current classification of assets and liabilities.
 
 B) USE OF ESTIMATES
 
 The presentation of Financial Statements requires estimates and
 assumptions to be made that affect the reported amount of assets and
 liabilities on the date of financial statements and the reported amount
 of revenue and expenses during the reporting period. Difference between
 the actual results and estimates are recognized in the period in which
 results are known / materialized.
 
 C) REVENUE RECOGNITION
 
 (i) Interest income from financing activities is recognized on an
 accrual basis except in the case of non- performing assets, where it is
 recognised on realisation, as per the prudential norms of the RBI.
 
 (ii) Dividend from investments is accounted for as income when the
 right to receive dividend is established by the reporting date.
 Dividend income is included under the head Income from Investments in
 the Statement of Profit and Loss.
 
 (iii) Income from Interest on Fixed Deposits is recognized on accrual
 basis.
 
 (iv) Income from Support Services Fees for rendering of professional
 services to group companies is recognized on accrual basis.
 
 (v) Revenue excludes service tax.
 
 D) FIXED ASSETS
 
 Fixed assets are stated at cost less accumulated depreciation. Cost for
 this purpose includes purchase price, non refundable taxes or levies
 and other directly attributable costs of bringing the asset to its
 working condition for its intended use.
 
 E) LEASED ASSETS
 
 i.  Assets acquired under Leases where a significant portion of the
 risks and rewards of the ownership are retained by the lessor are
 classified as Operating Leases. The rentals and all the other expenses
 of assets under operating lease for the period are treated as revenue
 expenditure.
 
 ii.  Assets given on operating leases are included in fixed assets.
 Lease income is recognized in the statement of profit and loss on
 straight line basis over the lease term. Operating costs of leased
 assets, including depreciation are recognized as an expense in the
 statement of profit and loss. Initial direct cost such as legal costs,
 brokerages etc. are charged to Statement of Profit and Loss as
 incurred.
 
 F) INTANGIBLE ASSETS
 
 Intangible Assets are recognized only if it is probable that the future
 economic benefits that are attributable to assets will flow to the
 enterprise and the cost of the assets can be measured reliably.
 Intangible assets are recorded at cost and carried at cost less
 accumulated depreciation and accumulated impairment losses, if any.
 
 Computer software which is not an integral part of the related hardware
 is classified as an intangible asset and is being amortized over the
 estimated useful life.
 
 G) DEPRECIATION
 
 Immovable assets at the leased premises including civil works,
 electrical items are capitalized as leasehold improvements and are
 amortized over the primary period of lease subject to maximum of 6
 years.
 
 Depreciation is provided on Straight Line Method, at the rates
 specified in Schedule XIV of the Companies Act, 1956 or the rates based
 on useful lives of the assets as estimated by the management, whichever
 are higher. Depreciation is provided for on a pro-rata basis on the
 assets acquired, sold or disposed off during the year/period.
 
 Due to pace of change in technology, change in business dynamics and
 operations forcing the company to apply new tools and technologies and
 discard old ones, the company has decided to revise the estimate useful
 life of asset and apply the revise life and rate of depreciation to all
 assets purchased and put to use on or after October 1, 2011.
 Consequently, the rates of depreciation charged on assets are as below:
 
 H) INVESTMENTS
 
 Investments are classified into long term investments and current
 investments. Investments which are by nature readily realisable and
 intended to be held for not more than one year from the date of
 investments are current investments and Investments other than current
 investments are long term investments. Long term investments are
 accounted at cost and any decline in the carrying value other than
 temporary in nature is provided for. Current investments are valued at
 lower of cost and fair/ market value.
 
 In case of mutual funds, the net asset value of the units declared by
 the Mutual Funds is considered as the fair value.
 
 I) FOREIGN CURRENCY TRANSACTIONS
 
 (i) Transactions in foreign currencies are recorded at the rate of
 exchange in force at the time of occurrence of the transactions.
 
 (ii) Exchange differences arising on settlement of revenue transactions
 are recognized in the Statement of Profit and Loss.
 
 (iii) Monetary items denominated in a foreign currency are restated
 using the exchange rates prevailing at the date of the balance sheet
 and the resulting net exchange difference is recognized in the
 Statement of Profit and Loss.
 
 J) EMPLOYEE BENEFITS
 
 (i) Provident Fund is a defined contribution scheme and the
 contributions as required by the Statute are charged to the Statement
 of Profit and Loss as incurred.
 
 (ii) The Company has an obligation towards gratuity, a defined benefit
 retirement plan covering eligible employees. The plan provides for a
 lump sum payment to vested employees at retirement, death while in
 employment or on termination of employment. Vesting occurs upon
 completion of five years of service.  The Company makes annual
 contribution to the gratuity fund (Religare Enterprises Limited Group
 Gratuity Scheme) established as trust. The Company accounts for the
 liability for gratuity benefits payable in future based on an
 independent actuarial valuation conducted by an independent actuary
 using the Project Unit Credit Method as at the Balance Sheet Date.
 
 (iii) The employees of the Company are entitled to compensate absences
 and leave encashment as per the policy of the Company, the liability in
 respect of which is provided, based on an actuarial valuation as at the
 Balance Sheet date.
 
 (iv) Actuarial gains and losses comprise experience adjustments and the
 effects of changes in actuarial assumptions and are recognized
 immediately in the Statement of Profit and Loss as income or expense.
 
 (v) The undiscounted amount of short - term employee benefits expected
 to be paid in exchange for services rendered by an employee is
 recognized during the period when the employee renders the service.
 
 (vi) Stock Options granted to eligible employees under the relevant
 Stock Option Schemes are accounted for at intrinsic value as per the
 accounting treatment prescribed by the Securities and Exchange Board of
 India (Employee Stock Option Scheme and Employee Stock Purchase Scheme)
 Guidelines 1999 (SEBI Guideline). Accordingly, the excess of
 average market price, determined as per SEBI Guidelines of the
 underlying equity shares (market value) over the exercise price of the
 options is recognized as deferred stock option expense and is charged
 to Statement of Profit and Loss on a straight line basis over the
 vesting period of the options. The amortised portion of the cost is
 shown under reserves and surplus.
 
 k) TAXES ON INCOME
 
 (i) Current tax is determined based on the amount of tax payable in
 respect of taxable income for the year.
 
 (ii) Deferred tax is recognized, subject to the consideration of
 prudence in respect of deferred tax asset, on timing differences, being
 the differences between taxable incomes and accounting income that
 originate in one period and are capable of reversal in one or more
 subsequent years.
 
 (iii) Provision for taxation for the period(s) is ascertained on the
 basis of assessable profits computed in accordance with the provisions
 of the Income Tax Act, 1961.
 
 L) PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT ASSETS
 
 (i) Provisions involving substantial degree of estimation in
 measurement are recognized when there is a present obligation as a
 result of past events and it is probable that there will be an outflow
 of resources.  Contingent liabilities are not recognized but are
 disclosed in the notes. Contingent assets are neither recognized nor
 disclosed in the financial statements.
 
 (ii) Provision for non-performing assets/investments and contingent
 provision against standard assets has been made as per prudential norms
 and RBI Circular No.DNBS.PD.CC.No.207/03.02.2002/2010-11 prescribed by
 Reserve Bank of India.
 
 M) IMPAIRMENT OF ASSETS
 
 Assets are reviewed for impairment at each balance sheet date. In case,
 events and circumstances indicate any impairment, the recoverable
 amount of these assets is determined. An asset is impaired when the
 carrying amount of the asset exceeds its recoverable amount. An
 impairment loss is charged to the Statement of Profit and Loss in the
 period in which an asset is defined as impaired. An impairment loss
 recognized in prior accounting periods is reversed if there has been a
 change in the estimate of the recoverable amount and such loss either
 no longer exists or has decreased.