<?xml version="1.0" encoding="UTF-8"?>
<xbrli:xbrl xmlns:in-capmkt="http://www.bseindia.com/xbrl/2023-03-31/in-capmkt" xmlns:in-capmkt-ent="http://www.bseindia.com/xbrl/ASCR/2023-03-31/in-capmkt/in-capmkt-ent" xmlns:in-capmkt-roles="http://www.bseindia.com/xbrl/ASCR/2023-03-31/in-capmkt-roles" xmlns:xbrldt="http://xbrl.org/2005/xbrldt" xmlns:nonnum="http://www.xbrl.org/dtr/type/non-numeric" xmlns:link="http://www.xbrl.org/2003/linkbase" xmlns:net="http://www.xbrl.org/2009/role/net" xmlns:num="http://www.xbrl.org/dtr/type/numeric" xmlns:xlink="http://www.w3.org/1999/xlink" xmlns:iso4217="http://www.xbrl.org/2003/iso4217" xmlns:negated="http://www.xbrl.org/2009/role/negated" xmlns:xbrldi="http://xbrl.org/2006/xbrldi" xmlns:xbrli="http://www.xbrl.org/2003/instance" xmlns:xl="http://www.xbrl.org/2003/XLink"><link:schemaRef xlink:type="simple" xlink:href="in-capmkt-ent-2023-03-31.xsd"/><xbrli:context id="DCYMainD"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-ascr/ScripCode">532124</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:startDate>2022-04-01</xbrli:startDate><xbrli:endDate>2023-03-31</xbrli:endDate></xbrli:period></xbrli:context><xbrli:context id="ICYMainI"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-ascr/ScripCode">532124</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2023-03-31</xbrli:instant></xbrli:period></xbrli:context><xbrli:context id="OneExpenses1I"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-ascr/ScripCode">532124</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2023-03-31</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfRegulationsAxis">in-capmkt:SebiListingObligationsAndDisclosureRequirementsRegulations2015Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:context id="OneExpenses2I"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-ascr/ScripCode">532124</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2023-03-31</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfRegulationsAxis">in-capmkt:SebiIssueOfCapitalAndDisclosureRequirementsRegulations2018Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:context id="OneExpenses3I"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-ascr/ScripCode">532124</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2023-03-31</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfRegulationsAxis">in-capmkt:SebiSubstantialAcquisitionOfSharesAndTakeoversRegulations2011Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:context id="OneExpenses4I"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-ascr/ScripCode">532124</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2023-03-31</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfRegulationsAxis">in-capmkt:SebiBuybackOfSecuritiesRegulations2018Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:context id="OneExpenses5I"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-ascr/ScripCode">532124</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2023-03-31</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfRegulationsAxis">in-capmkt:SebiShareBasedEmployeeBenefitsRegulations2014Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:context id="OneExpenses6I"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-ascr/ScripCode">532124</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2023-03-31</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfRegulationsAxis">in-capmkt:SebiIssueAndListingOfDebtSecuritiesRegulations2008Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:context id="OneExpenses7I"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-ascr/ScripCode">532124</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2023-03-31</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfRegulationsAxis">in-capmkt:SebiIssueAndListingOfNon-ConvertibleAndRedeemablePreferenceSharesRegulations2013Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:context id="OneExpenses8I"><xbrli:entity><xbrli:identifier scheme="http://www.bseindia.com/bse-ascr/ScripCode">532124</xbrli:identifier></xbrli:entity><xbrli:period><xbrli:instant>2023-03-31</xbrli:instant></xbrli:period><xbrli:scenario><xbrldi:explicitMember dimension="in-capmkt:DetailsOfRegulationsAxis">in-capmkt:SebiProhibitionOfInsiderTradingRegulations2015Member</xbrldi:explicitMember></xbrli:scenario></xbrli:context><xbrli:unit id="INR"><xbrli:measure>iso4217:INR</xbrli:measure></xbrli:unit><in-capmkt:ScripCode contextRef="ICYMainI">532124</in-capmkt:ScripCode><in-capmkt:NSESymbol contextRef="ICYMainI">NA</in-capmkt:NSESymbol><in-capmkt:MSEISymbol contextRef="ICYMainI">NA</in-capmkt:MSEISymbol><in-capmkt:ISIN contextRef="ICYMainI">INE419HO1019</in-capmkt:ISIN><in-capmkt:NameOfTheCompany contextRef="ICYMainI">RELIABLE VENTURES INDIA LIMITED</in-capmkt:NameOfTheCompany><in-capmkt:DateOfStartOfFinancialYear contextRef="ICYMainI">2022-04-01</in-capmkt:DateOfStartOfFinancialYear><in-capmkt:DateOfEndOfFinancialYear contextRef="ICYMainI">2023-03-31</in-capmkt:DateOfEndOfFinancialYear><in-capmkt:DateOfReport contextRef="ICYMainI">2023-08-10</in-capmkt:DateOfReport><in-capmkt:WhetherAnyObservationsReportedByTheSecretarialAuditor contextRef="ICYMainI">false</in-capmkt:WhetherAnyObservationsReportedByTheSecretarialAuditor><in-capmkt:WhetherTheListedEntityHasMaintainedProperRecordsUnderTheProvisionsOfTheAboveRegulationsAndCircularsGuidelinesIssuedThereunderInSofarAsItAppearsFromMyOurExaminationOfThoseRecords contextRef="ICYMainI">true</in-capmkt:WhetherTheListedEntityHasMaintainedProperRecordsUnderTheProvisionsOfTheAboveRegulationsAndCircularsGuidelinesIssuedThereunderInSofarAsItAppearsFromMyOurExaminationOfThoseRecords><in-capmkt:AnyActionStakenAgainstTheListedEntityItsPromotersDirectorsItsMaterialSubsidiariesEitherBySEBIOrByStockExchangesIncludingUnderTheStandardOperatingProceduresIssuedBySEBIThroughVariousCirculars contextRef="ICYMainI">false</in-capmkt:AnyActionStakenAgainstTheListedEntityItsPromotersDirectorsItsMaterialSubsidiariesEitherBySEBIOrByStockExchangesIncludingUnderTheStandardOperatingProceduresIssuedBySEBIThroughVariousCirculars><in-capmkt:IsthereAnyObservationMadeInThePreviousReport contextRef="ICYMainI">false</in-capmkt:IsthereAnyObservationMadeInThePreviousReport><in-capmkt:NameOfTheCertifyingFirm contextRef="DCYMainD">B DUDEA &amp; ASSOCIATES, GWALIOR</in-capmkt:NameOfTheCertifyingFirm><in-capmkt:NameOfThePracticingCompanySecretaryIssuingTheReport contextRef="DCYMainD">CS BALDEV DUDEA</in-capmkt:NameOfThePracticingCompanySecretaryIssuingTheReport><in-capmkt:MembershipType contextRef="DCYMainD">FCS</in-capmkt:MembershipType><in-capmkt:MembershipNumber contextRef="ICYMainI">6329</in-capmkt:MembershipNumber><in-capmkt:UDINOfASCR contextRef="DCYMainD">F006329E000182505</in-capmkt:UDINOfASCR><in-capmkt:CertificateOfPracticeNumber contextRef="DCYMainD" unitRef="INR" decimals="0">4428</in-capmkt:CertificateOfPracticeNumber><in-capmkt:PlaceOfPCS contextRef="DCYMainD">GWALIOR, MP, INDIA</in-capmkt:PlaceOfPCS><in-capmkt:DateOfReportOfPCS contextRef="ICYMainI">2023-04-24</in-capmkt:DateOfReportOfPCS><in-capmkt:ApplicabilityDuringThePeriodUnderReview contextRef="OneExpenses1I">true</in-capmkt:ApplicabilityDuringThePeriodUnderReview><in-capmkt:Observation contextRef="OneExpenses1I">false</in-capmkt:Observation><in-capmkt:ApplicabilityDuringThePeriodUnderReview contextRef="OneExpenses2I">true</in-capmkt:ApplicabilityDuringThePeriodUnderReview><in-capmkt:Observation contextRef="OneExpenses2I">false</in-capmkt:Observation><in-capmkt:ApplicabilityDuringThePeriodUnderReview contextRef="OneExpenses3I">true</in-capmkt:ApplicabilityDuringThePeriodUnderReview><in-capmkt:Observation contextRef="OneExpenses3I">false</in-capmkt:Observation><in-capmkt:ApplicabilityDuringThePeriodUnderReview contextRef="OneExpenses4I">true</in-capmkt:ApplicabilityDuringThePeriodUnderReview><in-capmkt:Observation contextRef="OneExpenses4I">false</in-capmkt:Observation><in-capmkt:ApplicabilityDuringThePeriodUnderReview contextRef="OneExpenses5I">true</in-capmkt:ApplicabilityDuringThePeriodUnderReview><in-capmkt:Observation contextRef="OneExpenses5I">true</in-capmkt:Observation><in-capmkt:ApplicabilityDuringThePeriodUnderReview contextRef="OneExpenses6I">true</in-capmkt:ApplicabilityDuringThePeriodUnderReview><in-capmkt:Observation contextRef="OneExpenses6I">false</in-capmkt:Observation><in-capmkt:ApplicabilityDuringThePeriodUnderReview contextRef="OneExpenses7I">true</in-capmkt:ApplicabilityDuringThePeriodUnderReview><in-capmkt:Observation contextRef="OneExpenses7I">false</in-capmkt:Observation><in-capmkt:ApplicabilityDuringThePeriodUnderReview contextRef="OneExpenses8I">true</in-capmkt:ApplicabilityDuringThePeriodUnderReview><in-capmkt:Observation contextRef="OneExpenses8I">false</in-capmkt:Observation><in-capmkt:WhetherTheCompliancesOfTheListedEntityAreInAccordanceWithTheApplicableSecretarialStandards contextRef="ICYMainI">Yes</in-capmkt:WhetherTheCompliancesOfTheListedEntityAreInAccordanceWithTheApplicableSecretarialStandards><in-capmkt:WhetherAllApplicablePoliciesUnderSEBIRegulationsAreAdoptedWithTheApprovalOfBoardOfDirectorsOfTheListedEntities contextRef="ICYMainI">Yes</in-capmkt:WhetherAllApplicablePoliciesUnderSEBIRegulationsAreAdoptedWithTheApprovalOfBoardOfDirectorsOfTheListedEntities><in-capmkt:WhetherAllThePoliciesAreInConformityWithSEBIRegulationsAndHasBeenReviewedAndTimelyUpdated contextRef="ICYMainI">Yes</in-capmkt:WhetherAllThePoliciesAreInConformityWithSEBIRegulationsAndHasBeenReviewedAndTimelyUpdated><in-capmkt:WhetherTheListedEntityIsMaintainingAFunctionalWebsite contextRef="ICYMainI">Yes</in-capmkt:WhetherTheListedEntityIsMaintainingAFunctionalWebsite><in-capmkt:WhetherTimelyDisseminationOfTheDocumentsOrInformationUnderASeparateSectionOnTheWebsite contextRef="ICYMainI">Yes</in-capmkt:WhetherTimelyDisseminationOfTheDocumentsOrInformationUnderASeparateSectionOnTheWebsite><in-capmkt:WhetherWeblinksProvidedInAnnualCorporateGovernanceReportsUnderSubRegulation2OfRegulation27 contextRef="ICYMainI">Yes</in-capmkt:WhetherWeblinksProvidedInAnnualCorporateGovernanceReportsUnderSubRegulation2OfRegulation27><in-capmkt:WhetherTheDirectorOfTheCompanyDisqualifiedUnderSection164OfCompaniesAct2013 contextRef="ICYMainI">Yes</in-capmkt:WhetherTheDirectorOfTheCompanyDisqualifiedUnderSection164OfCompaniesAct2013><in-capmkt:WhetherPCSExaminedIdentificationAndRequirementsWithRespectToDisclosureOfMaterial contextRef="ICYMainI">NA</in-capmkt:WhetherPCSExaminedIdentificationAndRequirementsWithRespectToDisclosureOfMaterial><in-capmkt:ObservationOrRemarksByPCSRelatingToExaminedIdentificationAndRequirementsWithRespectToDisclosureOfMaterial contextRef="ICYMainI">THE COMPANY DOES NOT HAVE ANY  SUBSIDIARY</in-capmkt:ObservationOrRemarksByPCSRelatingToExaminedIdentificationAndRequirementsWithRespectToDisclosureOfMaterial><in-capmkt:WhetherTheListedEntityIsPreservingAndMaintainingRecordsAndDisposalOfRecordsAsPerSEBILODRRegulations2015 contextRef="ICYMainI">Yes</in-capmkt:WhetherTheListedEntityIsPreservingAndMaintainingRecordsAndDisposalOfRecordsAsPerSEBILODRRegulations2015><in-capmkt:WhetherTheListedEntityHasConductedPerformanceEvaluationOfTheBoardIndependentDirectorsAndTheCommitteesAtStartOfEveryFinancialYear contextRef="ICYMainI">Yes</in-capmkt:WhetherTheListedEntityHasConductedPerformanceEvaluationOfTheBoardIndependentDirectorsAndTheCommitteesAtStartOfEveryFinancialYear><in-capmkt:WhetherTheListedEntityHasObtainedPriorApprovalOfAuditCommitteeForAllRelatedPartyTransactions contextRef="ICYMainI">NA</in-capmkt:WhetherTheListedEntityHasObtainedPriorApprovalOfAuditCommitteeForAllRelatedPartyTransactions><in-capmkt:ObservationOrRemarksByPCSRelatingToTheListedEntityHasObtainedPriorApprovalOfAuditCommitteeForAllRelatedPartyTransactions contextRef="ICYMainI">NO MATTER WAS THERE FOR APPROVAL</in-capmkt:ObservationOrRemarksByPCSRelatingToTheListedEntityHasObtainedPriorApprovalOfAuditCommitteeForAllRelatedPartyTransactions><in-capmkt:WhetherTheListedEntityShallProvideDetailedReasonsAndConfirmationForTransactionsWithoutApproval contextRef="ICYMainI">NA</in-capmkt:WhetherTheListedEntityShallProvideDetailedReasonsAndConfirmationForTransactionsWithoutApproval><in-capmkt:ObservationOrRemarksByPCSRelatingToWhetherTheListedEntityShallProvideDetailedReasonsAndConfirmationForTransactionsWithoutApproval contextRef="ICYMainI">NO MATTER WAS THERE FOR APPROVAL</in-capmkt:ObservationOrRemarksByPCSRelatingToWhetherTheListedEntityShallProvideDetailedReasonsAndConfirmationForTransactionsWithoutApproval><in-capmkt:WhetherTheListedEntityHasProvidedAllTheRequiredDisclosureUnderREG30AlongWithScheduleIIIWithinTheTimeLimitsPrescribed contextRef="ICYMainI">Yes</in-capmkt:WhetherTheListedEntityHasProvidedAllTheRequiredDisclosureUnderREG30AlongWithScheduleIIIWithinTheTimeLimitsPrescribed><in-capmkt:WhetherTheListedEntityIsInComplianceWithSubRegulations5And6OfRegulations3UnderSEBIProhibitionOfInsiderTradingRegulations2015 contextRef="ICYMainI">Yes</in-capmkt:WhetherTheListedEntityIsInComplianceWithSubRegulations5And6OfRegulations3UnderSEBIProhibitionOfInsiderTradingRegulations2015><in-capmkt:WhetherActionsTakenBySEBIOrStockExchanges contextRef="ICYMainI">Yes</in-capmkt:WhetherActionsTakenBySEBIOrStockExchanges></xbrli:xbrl>
