Arete Hotels Private Limited
About Arete Hotels Private Limited
Data last updated:
Arete Hotels Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 19 March 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15122MH2014PTC254619. Its GSTIN is 27AAMCA5572A1ZR (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1.1 Lakh. It is led by directors Laxmikant Devji Pawar and Roshan Ramesh Shetty.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at A – 15 Arunodaya Apt Sunder Nagar Kalina Santacruz East, Mumbai, Maharashtra, India – 400029.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.29 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹18.4 Lakh (net margin -5.6%) and EBITDA of ₹7.97 Lakh (EBITDA margin 2.4%).
The company has about 1 employee on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Arete Hotels Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressA – 15 Arunodaya Apt Sunder Nagar Kalina Santacruz East, Mumbai, Maharashtra, India – 400029
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Arete Hotels Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Arete Hotels is accommodation and food service. In detail, this covers food and beverage services provided by hotels, restaurants, caterers, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. |
To see the full business activity and turnover split of Arete Hotels Private Limited, buy the company report.
Financials of Arete Hotels Private Limited
FY 2024 filings availableArete Hotels Private Limited reported revenue of ₹3.29 Cr (up 316% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 316% in the latest year. EBITDA rose 129% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.97 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹18.4 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | ||||
| Net Profit Margin | -5.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Arete Hotels Private Limited, buy the company report.
Board of directors of Arete Hotels Private Limited
Arete Hotels has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Laxmikant Devji Pawar | Director | 24 Mar 2023 | 3 Years 7 Months | Current |
| Roshan Ramesh Shetty Also directs: Mish Hospitality LLP | Director | 19 Mar 2014 | 12 Years 7 Months | Current |
Auditor
Arete Hotels Private Limited is audited by SUTARIA ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUTARIA ASSOCIATES | FY 2023 | 110728W |
Shareholding
The shareholding of Arete Hotels Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Arete Hotels Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Arete Hotels Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Arete Hotels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Arete Hotels Private Limited has a workforce of 1 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Arete Hotels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCA5572A1ZR | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Arete Hotels Private Limited, buy the company report.
Recent activity
Arete Hotels Private Limited has 5 board changes on record since 2014: 2 appointments and 3 cessations. The latest: Laxmikant Devji Pawar was appointed as Director on 24 Mar 2023.
Frequently asked questions
Arete Hotels is an active private limited company based in Mumbai, Maharashtra, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 19 March 2014 (12+ years old) and is registered under CIN U15122MH2014PTC254619.
Arete Hotels has 2 current directors:
- Laxmikant Devji Pawar - Director
- Roshan Ramesh Shetty - Director
The latest financial statements of Arete Hotels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Arete Hotels is 27AAMCA5572A1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Arete Hotels is U15122MH2014PTC254619. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Arete Hotels was incorporated on 19 March 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Laxmikant Devji Pawar was appointed as Director on 24 Mar 2023. Shobha Ramesh Shetty ceased to be Director on 24 Mar 2023. Dhananjay Chandu Shetty ceased to be Director on 28 Mar 2022. Arete Hotels has 5 board changes on record in total.
The registered office of Arete Hotels is at A – 15 Arunodaya Apt Sunder Nagar Kalina Santacruz East, Mumbai, Maharashtra, India – 400029.
Arete Hotels operates in the travel and hospitality industry, in the hotel and accommodation services segment.
The compliance status of Arete Hotels is compliant as of 06 September 2026. The company is actively filing with the Registrar of Companies.