India's Richest People 2026 edition · 1 director · Source: Hurun India
- #399 B.M. Jayeshankar ₹9,300 Cr
Revenue · FY 2024
₹217.7 Cr
▼ 36% YoY
Net loss · FY 2024
₹99.16 Cr
Net margin -45.5%
EBITDA · FY 2024
₹77.89 Cr
EBITDA margin 35.8%
Authorised capital
₹150 Cr
Registered with MCA
Paid-up capital
₹150 Cr
Issued & subscribed
Open charges
₹365 Cr
Satisfied ₹1,986.7 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
283
Provident fund records
About Adarsh Realty and Hotels Private Limited
Data last updated:
Adarsh Realty and Hotels Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 26 August 1996 and has been in existence for over 30 years.
Its director B.M. Jayeshankar is #399 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U70101KA1996PTC021038. Its GSTIN is 29AABCA1886C1ZT (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹150 Cr. It is led by directors including Jayeshankar Bilidale Madaiah (Managing Director) and Karunesh Bilidale Madaiah.
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 No. 2/4 Langford Garden Richmond Town, Bangalore, Karnataka, India – 560025.
As per the financials filed for FY 2024, the company reported a revenue of ₹217.7 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net loss of ₹99.16 Cr (net margin -45.5%) and EBITDA of ₹77.89 Cr (EBITDA margin 35.8%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 4% over five years.
The company has about 283 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Adarsh Developers. As per MCA filings, the company has open charges of ₹365 Cr and satisfied charges of ₹1,986.7 Cr on record. Court records list 14 cases involving the company, including 4 filed by the company and 10 filed against it; 5 cases are pending. The company has 5 deals on record (3 funding rounds, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹649.74 Cr; the latest was in March 2024. Its 7 peer companies in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.) are compared by revenue, 3 larger and 4 smaller; the largest is Nitesh Residency Hotels Private Limited with revenue of ₹220.99 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 6 overdue payments to 6 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adarshdevelopers.com.
Company details
CIN U70101KA1996PTC021038
Registration Number 021038
Incorporation Date 26 August 1996
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
CIN history
Adarsh Realty and Hotels has one previous CIN (Corporate Identification Number): U07010KA1996PTC021038. The current CIN is U70101KA1996PTC021038, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70101KA1996PTC021038 | Current |
| U07010KA1996PTC021038 | Previous |
Key People
Jayeshankar Bilidale Madaiah Managing Director Karunesh Bilidale Madaiah Director Sudha Shanker Director Recognitions & Rankings of Adarsh Realty and Hotels
Contact details
Adarsh Realty and Hotels Private Limited's registered office is in Bangalore, Karnataka. Its website is adarshdevelopers.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 2/4 Langford Garden Richmond Town, Bangalore, Karnataka, India – 560025
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Adarsh Realty and Hotels Private Limited, buy the company report.
Comprehensive company report
Adarsh Realty and Hotels Private Limited - one report that includes everything
- 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
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Brands
Adarsh Realty and Hotels operates one associated brand: Adarsh Developers. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Residential, commercial, and hospitality properties are developed in Bengaluru. | adarshdevelopers.com |
Business activity
The main business activity of Adarsh Realty and Hotels is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. |
To see the full business activity and turnover split of Adarsh Realty and Hotels Private Limited, buy the company report.
Financials of Adarsh Realty and Hotels Private Limited
FY 2024 filings availableAdarsh Realty and Hotels Private Limited reported revenue of ₹217.7 Cr (down 36% YoY) for FY 2024.
Revenue · FY 2024
₹217.7 Cr ▼ 36%
Net loss · FY 2024
₹99.16 Cr margin -45.5%
EBITDA · FY 2024
₹77.89 Cr margin 35.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 36%
3 years · compounded
▲ 37%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▼ 65%
3 years · compounded
▲ 37%
5 years · compounded
▼ 8%
Revenue fell 36% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 65% 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 | ₹77.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹99.16 Cr | ||||
| 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 | 35.8% | ||||
| Net Profit Margin | -45.5% | ||||
| 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 Adarsh Realty and Hotels Private Limited, buy the company report.
Board of directors of Adarsh Realty and Hotels Private Limited
Adarsh Realty and Hotels has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayeshankar Bilidale Madaiah | Managing Director | 26 Aug 1996 | 30 Years 2 Months | Current |
| Karunesh Bilidale Madaiah Also directs: Akarsha Prime Project Private Limited, Vismaya Superprojects Private Limited, Akarshak Realty Private Limited and 5 more | Director | 10 Oct 2003 | 23 Years 0 Months | Current |
| Sudha Shanker Also directs: Akarsha Prime Project Private Limited, Akarshak Realty Private Limited, Vividha Ventures Private Limited and 5 more | Director | 26 Aug 1996 | 30 Years 2 Months | Current |
Peer comparison
Adarsh Realty and Hotels Private Limited is compared with the 7 companies closest to it by revenue in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nitesh Residency Hotels Private Limited | ₹220.99 Cr (FY 2025) | 15.0% | Bangalore, Karnataka, India | |||
| Saikripa Foods Services Private Limited | ₹220.46 Cr (FY 2025) | 7.0% | Mumabi, Maharashtra, India | |||
| HLV Limited | ₹218.4 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Adarsh Realty and Hotels Private Limitedthis company | ₹217.7 Cr (FY 2024) | -₹99.16 Cr | -45.5% | -36.0% | 283 | Bangalore, Karnataka, India |
| Nehru Place Hotels Private Limited | ₹214.7 Cr (FY 2025) | 17.0% | Faridabad, Haryana, India | |||
| Orange County Resorts & Hotels Limited | ₹209.54 Cr (FY 2025) | 28.0% | Bangalore, Karnataka, India | |||
| Fabworth Promoters Private Limited | ₹207.76 Cr (FY 2025) | 13.0% | Kolkata, West Bengal, India | |||
| Della Resorts & Adventure Private Limited | ₹203.53 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Adarsh Realty and Hotels Private Limited, buy the company report.
Auditor
Adarsh Realty and Hotels Private Limited is audited by ABS & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ABS & Co. | FY 2023 | 008203S |
Shareholding
The shareholding of Adarsh Realty and Hotels Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Adarsh Realty and Hotels Private Limited, buy the company report.
Charges & borrowings
Open charges
₹365 Cr
Satisfied charges
₹1,986.7 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2024 | 100905118 | Others | ₹365 Cr | Open | |
| 27 Aug 2021 | 100574054 | Others | ₹291 Cr | Satisfied | |
| 27 Aug 2021 | 100481059 | Others | ₹544 Cr | Satisfied | |
| 17 Nov 2017 | 100153328 | Others | ₹400 Cr | Satisfied | |
| 16 Jan 2015 | 10544267 | Rbl Bank Limited | ₹26 Cr | Satisfied |
To see the full charge records of Adarsh Realty and Hotels Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Adarsh Realty and Hotels Private Limited has 5 deals on record (3 funding rounds, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹649.74 Cr; the latest was in March 2024.
Total deals
5
Funding rounds
3
Convertible or debt financing
1
Secondary share transfer
1
Disclosed funding
₹649.74 Cr
Deals on record (4 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2013 | Funding round | ₹50 Cr | Investors: Adarsh Developers |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2012 | Funding round | ₹75 Cr | Investors: an individual |
| Sep 2010 | Funding round | ₹24.74 Cr | Investors: an individual |
To see the full deal history of Adarsh Realty and Hotels Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Adarsh Realty and Hotels Private Limited has 14 court cases on record: 4 filed by Adarsh Realty and Hotels, 10 filed against it. 5 cases are pending and 9 are disposed.
Total cases
14
Filed by the company
4
Filed against the company
10
Pending
5
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 10 | 7 | 4 |
| High courts | 4 | 3 | 1 |
Cases on record (5 of 14)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Bangalore Pro Tech Controls Pvt Ltd | Disposed |
| District court, BENGALURU, Karnataka | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Appeal | Filed against the company by Urdhava Management Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M/S Updater Services Private Limited | Pending |
To see the full case history of Adarsh Realty and Hotels Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Adarsh Realty and Hotels Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 6 overdue payments to 6 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Santech Engineers Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Transteel Seating Technologies Limited | |||
| Patodia Contract Pvt Ltd |
To see the full MSME payment records of Adarsh Realty and Hotels Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Adarsh Realty and Hotels Private Limited has a workforce of 283 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
283
Active EPFO establishments
1
Employee growth
-21.17%
GST
Adarsh Realty and Hotels has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCA1886C1ZT | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Adarsh Realty and Hotels Private Limited, buy the company report.
Recent activity
Adarsh Realty and Hotels Private Limited has 4 board changes on record since 1996: 3 appointments and 1 cessation. The latest: Saumya Dubey ceased to be Company Secretary on 10 Aug 2020.
Charges
A charge with Others of Rs. 365.00 Cr registered on 28 Mar 2024 with Charge ID 100905118 was modified on 24 Jun 2025.
AGM
Adarsh Realty And Hotels Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 27 Aug 2021 via Charge ID 100481059 with Others was fully satisfied on 08 Apr 2024.
Filing
Adarsh Realty And Hotels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 27 Aug 2021 via Charge ID 100574054 with Others was fully satisfied on 30 Mar 2024.
Charges
A charge with Others amounted to Rs. 365.00 Cr with Charge ID 100905118 was registered on 28 Mar 2024.
Charges
A charge registered on 17 Nov 2017 via Charge ID 100153328 with Others was fully satisfied on 02 Sep 2021.
Charges
A charge with Others amounted to Rs. 291.00 Cr with Charge ID 100574054 was registered on 27 Aug 2021.
Charges
A charge with Others amounted to Rs. 544.00 Cr with Charge ID 100481059 was registered on 27 Aug 2021.
Charges
A charge registered on 28 Mar 2011 via Charge ID 10279340 with Corporation Bank was fully satisfied on 17 Jul 2021.
Ceased
Saumya Dubey ceased to be Company Secretary.
Charges
A charge registered on 16 Sep 2010 via Charge ID 10248283 with Punjab National Bank was fully satisfied on 05 Dec 2017.
20 earlier events are in the company report.
News
Frequently asked questions
Adarsh Realty and Hotels is an active private limited company based in Bangalore, Karnataka, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 26 August 1996 (30+ years old) and is registered under CIN U70101KA1996PTC021038.
Adarsh Realty and Hotels has 3 current directors:
- Jayeshankar Bilidale Madaiah - Managing Director
- Karunesh Bilidale Madaiah - Director
- Sudha Shanker - Director
The latest financial statements of Adarsh Realty and 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 Adarsh Realty and Hotels is 29AABCA1886C1ZT, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Adarsh Realty and Hotels is U70101KA1996PTC021038. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adarsh Realty and Hotels has 14 court cases on record: 4 filed by the company and 10 filed against it. 5 are pending. Most are in the district courts.
Adarsh Realty and Hotels was incorporated on 26 August 1996, making it 30+ years old. It is registered with the Registrar of Companies, Bangalore.
Adarsh Realty and Hotels has 5 deals on record (3 funding rounds, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹649.74 Cr; the latest was in March 2024.
The peers of Adarsh Realty and Hotels by revenue are Nitesh Residency Hotels Private Limited, Saikripa Foods Services Private Limited, HLV Limited, Nehru Place Hotels Private Limited, Orange County Resorts & Hotels Limited and 2 more, all in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Saumya Dubey ceased to be Company Secretary on 10 Aug 2020. Karunesh Bilidale Madaiah was appointed as Director on 10 Oct 2003. Jayeshankar Bilidale Madaiah was appointed as Managing Director on 26 Aug 1996. Adarsh Realty and Hotels has 4 board changes on record in total.
Adarsh Realty and Hotels has 1 MSME Form 1 return on record for the period ending Sep 2019, listing 6 overdue payments to 6 micro and small suppliers. The latest return was filed on 22 Nov 2019.
Adarsh Realty and Hotels can be reached through the website adarshdevelopers.com. Its registered office is in Bangalore, Karnataka, India.
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