Adyar Gate Hotels Limited
About Adyar Gate Hotels Limited
Data last updated:
Adyar Gate Hotels Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 11 March 1970 and has been in existence for over 56 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U55101TN1970PLC005815. Its GSTIN is 33AAACA9041L1ZR (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹15.25 Cr and a paid-up capital of ₹11.4 Cr. It was formerly known as Adayar Gate Hotel Private Limited and Adayar Gate Hotel Limited. It is led by directors including Manish Goyal (Managing Director) and Yuvarajan Abinesh (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹100.32 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹7.96 Cr (net margin 7.9%) and EBITDA of ₹36.29 Cr (EBITDA margin 36.2%). Revenue has declined at a compounded annual rate (CAGR) of 16% over three years and 6% over five years.
The company has about 405 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹213.62 Cr and satisfied charges of ₹435.81 Cr on record. Court records list 73 cases involving the company, including 56 filed by the company and 17 filed against it; 17 cases are pending. The company has 14 deals on record (14 secondary share transfers); the latest was in March 2024. Its 3 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 smaller; the largest is Neemrana Hotels Private Limited with revenue of ₹99.95 Cr. The company has 15 MSME Form 1 returns on record between 2017 and 2024, listing 310 overdue payments to 57 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Adyar Gate Hotels has undergone 2 name changes throughout its history. The company was previously known as Adayar Gate Hotel Private Limited, and Adayar Gate Hotel Limited. The current legal name is Adyar Gate Hotels Limited.
| Company Name | Status |
|---|---|
| Adyar Gate Hotels Limited | Current |
| Adayar Gate Hotel Private Limited | Previous |
| Adayar Gate Hotel Limited | Previous |
CIN history
Adyar Gate Hotels has one previous CIN (Corporate Identification Number): L55101TN1970PLC005815. The current CIN is U55101TN1970PLC005815, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U55101TN1970PLC005815 | Current |
| L55101TN1970PLC005815 | Previous |
Contact details
Adyar Gate Hotels Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.552 Old No. 135 T K Road, Alwarpet, Chennai, Tamil Nadu, India – 600018
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Adyar Gate Hotels 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 activities of Adyar Gate Hotels are accommodation and food service and support service to organizations. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc., food and beverage services provided by hotels, restaurants, caterers, etc. and travel agency and tour operators. 3 activity segments are registered with the MCA.
| 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. | |
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. | |
| N | Support service to Organizations | N3 | Travel agency and tour operators |
To see the full business activity and turnover split of Adyar Gate Hotels Limited, buy the company report.
Financials of Adyar Gate Hotels Limited
FY 2024 filings availableAdyar Gate Hotels Limited reported revenue of ₹100.32 Cr (up 15% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 15% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 6%. EBITDA rose 179% 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 | ₹100.32 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹36.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹7.96 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 | 36.2% | ||||
| Net Profit Margin | 7.9% | ||||
| 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 Adyar Gate Hotels Limited, buy the company report.
Board of directors of Adyar Gate Hotels Limited
Adyar Gate Hotels has 6 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivy Bhasin | Director | 23 Mar 1991 | 35 Years 7 Months | Current |
| Yuvarajan Abinesh Also directs: Isle of Trees Private Limited, Baashyaam Builders Private Limited, Baashyaam Foundations Private Limited and 5 more | Whole-Time Director | 20 Dec 2023 | 2 Years 10 Months | Current |
| Yuvarajan Bashyam Also directs: Onondaga Agro Investments Private Limited, Onondaga Hotels and Resorts Limited, Baashyaam Builders Private Limited and 5 more | Whole-Time Director | 20 Dec 2023 | 2 Years 10 Months | Current |
| Ravish Goyal | Whole-Time Director | 21 Sep 2007 | 19 Years 1 Months | Current |
| Vinish Goyal Also directs: Onondaga Agro Investments Private Limited, Onondaga Hotels and Resorts Limited, Aruna Green Energy Private Limited and 3 more | Whole-Time Director | 30 Sep 2006 | 20 Years 1 Months | Current |
| Manish Goyal Also directs: Quanta Real Estate and Development LLP, Aruna Smart Agri LLP, Onondaga Agro Investments Private Limited and 3 more | Managing Director | 26 Oct 2015 | 11 Years 0 Months | Current |
Peer comparison
Adyar Gate Hotels Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Adyar Gate Hotels Limitedthis company | ₹100.32 Cr (FY 2024) | ₹7.96 Cr | 7.9% | 15.0% | 405 | Chennai, Tamil Nadu, India |
| Neemrana Hotels Private Limited | ₹99.95 Cr (FY 2025) | -3.0% | New Delhi, Delhi, India | |||
| Hyacinth Hotels Private Limited | ₹99.69 Cr (FY 2025) | 15.0% | New Delhi, Delhi, India | |||
| Newtech Buildhome Private Limited | ₹99.66 Cr (FY 2024) | 26.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Adyar Gate Hotels Limited, buy the company report.
Auditor
Adyar Gate Hotels Limited is audited by R Ranga Rao & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R Ranga Rao & Co | FY 2024 | 003044S |
Shareholding
The shareholding of Adyar Gate Hotels Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Adyar Gate Hotels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Jul 2004 | 90293238 | Indian Bank | ₹197 Cr | Open | |
| 11 Apr 1997 | 90291587 | Oriental Bank of Commerace | ₹4.5 Cr | Open | |
| 11 Apr 1997 | 90292467 | Oriental Bank of Commerce | ₹5.4 Cr | Open | |
| 03 Jan 1994 | 90292179 | Tourism Finance Coroporation of India | ₹111 | Open | |
| 19 Oct 1991 | 90291321 | Mercantile Bank Ltd | ₹1 Lakh | Open |
To see the full charge records of Adyar Gate Hotels Limited, buy the company report.
Total charge records: 34 View all charges
Deals & funding
Adyar Gate Hotels Limited has 14 deals on record (14 secondary share transfers); the latest was in March 2024.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Baashyaam Constructions Private Limited Seller: an individual |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Baashyaam Constructions Private Limited Seller: an individual |
| Jan 2024 | Secondary share transfer | Undisclosed | Buyer: Baashyaam Constructions Private Limited Seller: an individual |
| Jan 2024 | Secondary share transfer | Undisclosed | Buyer: Baashyaam Constructions Private Limited Seller: an individual |
| Dec 2023 | Secondary share transfer | Undisclosed | Buyer: Baashyaam Constructions Private Limited Seller: 2 individuals |
To see the full deal history of Adyar Gate Hotels 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
Adyar Gate Hotels Limited has 73 court cases on record: 56 filed by Adyar Gate Hotels, 17 filed against it. 17 cases are pending and 56 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 61 | 10 | 16 |
| District courts | 9 | 5 | 0 |
| Supreme Court | 3 | 2 | 1 |
Cases on record (5 of 73)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (Special Leave Petition (Civil)) | Filed against the company by Itc Limited | Pending |
| High Court of Delhi | Commercial suit | Filed against the company by Itc Limited & Anr. | Pending |
| High Court, ANDHRAPRADESH | Writ petition | Filed by the company against Eastern Power Distribution Company of Andhra Pradesh Ltd., and 6 others | Pending |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed against the company by Itc Limited & Anr. | Disposed |
| High Court of Delhi | Court case (FAO(OS) (COMM)) | Filed by the company against Itc Limited & Anr. | Disposed |
To see the full case history of Adyar Gate Hotels 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.
Credit ratings & regulatory alerts
Adyar Gate Hotels Limited was last rated by Icra on 22 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 22 Nov 2021 |
To see the full credit ratings and regulatory alerts of Adyar Gate Hotels Limited, buy the company report.
MSME payment delays
Adyar Gate Hotels Limited has 15 MSME Form 1 returns on record between 2017 and 2024, listing 310 overdue payments to 57 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 57)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rite Equipment Private Limited | |||
| Energy Beverages Private Limited | |||
| Trident Engineers | |||
| an individual supplier | |||
| Rasi Enterprises |
To see the full MSME payment records of Adyar Gate Hotels Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Adyar Gate Hotels has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Onondaga Agro Investments Private Limited | U51101TN1981PTC043536 | |
| Onondaga Hotels and Resorts Limited | U92490TN1986PLC013575 |
To see the full group structure of Adyar Gate Hotels Limited, buy the company report.
Employees & EPFO
Adyar Gate Hotels Limited has a workforce of 405 employees on its EPFO records as of May 2026, across 2 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 405 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Adyar Gate Hotels Limited, buy the company report.
GST
Adyar Gate Hotels has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACA9041L1ZR | Tamil Nadu | Active | 01 Jul 2017 |
| 37AAACA9041L1ZJ | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Adyar Gate Hotels Limited, buy the company report.
Recent activity
Adyar Gate Hotels Limited has 23 board changes on record since 1991: 7 appointments and 16 cessations. The latest: Karatholuvu Suryanarayanan Sathyanarayanan ceased to be CFO on 30 Apr 2024.
87 earlier events are in the company report.
Frequently asked questions
Adyar Gate Hotels is an active public limited company based in Chennai, Tamil Nadu, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 11 March 1970 (56+ years old) and is registered under CIN U55101TN1970PLC005815.
Adyar Gate Hotels has 6 current directors:
- Manish Goyal - Managing Director
- Yuvarajan Abinesh - Whole-Time Director
- Yuvarajan Bashyam - Whole-Time Director
- Ravish Goyal - Whole-Time Director
- Vinish Goyal - Whole-Time Director
- Shivy Bhasin - Director
The latest financial statements of Adyar Gate Hotels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Adyar Gate Hotels is 33AAACA9041L1ZR, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 37AAACA9041L1ZJ (Andhra Pradesh).
The CIN (Corporate Identification Number) of Adyar Gate Hotels is U55101TN1970PLC005815. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adyar Gate Hotels has 73 court cases on record: 56 filed by the company and 17 filed against it. 17 are pending. Most are in the high courts.
Adyar Gate Hotels was incorporated on 11 March 1970, making it 56+ years old. It is registered with the Registrar of Companies, Chennai.
Adyar Gate Hotels has 14 deals on record (14 secondary share transfers); the latest was in March 2024.
The peers of Adyar Gate Hotels by revenue are Neemrana Hotels Private Limited, Hyacinth Hotels Private Limited, Newtech Buildhome Private Limited, all in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Karatholuvu Suryanarayanan Sathyanarayanan ceased to be CFO on 30 Apr 2024. Yuvarajan Abinesh was appointed as Whole-Time Director on 20 Dec 2023. Yuvarajan Bashyam was appointed as Whole-Time Director on 20 Dec 2023. Adyar Gate Hotels has 23 board changes on record in total.
Adyar Gate Hotels has 15 MSME Form 1 returns on record between 2017 and 2024, listing 310 overdue payments to 57 micro and small suppliers. The latest return was filed on 26 Apr 2024.
The registered office of Adyar Gate Hotels is at No.552 Old No. 135 T K Road, Alwarpet, Chennai, Tamil Nadu, India – 600018.
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