About Keys Hotels
Keys Hotels is a Travel & Hospitality company based in Mumbai (India) founded in 2006, and was acquired by Lemon Tree Hotels in March 2019. Manages the mid-budget Keys hotel line in India. Keys Hotels has raised $30.94 million across 1 funding round from investors including Lemon Tree Hotels and Berggruen Holdings. The company has 58 employees. Its chief executive, as recorded, is Anshu Sarin. Its focus areas include Travel and Hospitality and Hotels.
Company details
Keys Hotels, funded by New York-headquartered Berggruen Holdings, has total of 35 hotels in India including those under development and has been growing through management contracts and franchise. The company also owns c.8 hotels and plans to manage 100 properties in India by 2018. Nicolas Berggruen launched Berggruen Holdings in 1985 to manage the family fortune and has invested over 100m in Keys Hotels. Besides hospitality, Berggruen has significant investments in car rental, education, SEZ and BPO sectors in the country.
- Headquarters Mumbai, India
- Employees 58
- Stage Acquired
- SectorsTravel & Hospitality
- Email••••••••
- Phone•••• ••••
- Website keyshotels.com
- Social LinkedIn X Facebook
- Acquired by Lemon Tree Hotels (Mar 2019)
- Annual Revenue$130.08 M (USD)23as on Mar 31, 2024
- Net Profit$21.95 M (USD)29as on Mar 31, 2024
- EBITDA$64.72 M (USD)17as on Mar 31, 2024
- Total Equity Funding$30.94M (USD)
in 1 rounds
- Latest Funding Round$30.94M (USD), Series E
May 2017
- InvestorsLemon Tree Hotels
& 1 more
- Employee Count58
- Acquired byLemon Tree Hotels
(Mar 2019)
Associated legal entities of Keys Hotels
Keys Hotels is associated with 3 registered companies on The Company Check. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Fleur Hotels Private Limited CIN U55101DL2003PLC207912 | Active | 09 Jul 2003 | New Delhi, Delhi, India | View details | |||
| Berggruen Hotels Private Limited CIN U55101MH2006PTC164475 | Active | 12 Sep 2006 | Mumbai, Maharashtra | ₹88.7 Cr | 308 | 6 | View details |
| Fleur Hotels Limited CIN U55101HR2003PLC140540 | Active | 09 Jul 2003 | New Delhi, Delhi | ₹913 Cr | 869 | 11 | View details |
Funding Insights of Keys Hotels
Keys Hotels has successfully raised a total of $30.94M through 1 strategic funding round. The most recent funding activity was a Series E round of $30.94 million completed in May 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $30.94M
- Total Rounds 1
- Last Round Series E — $30.94M
- First Round $30.94M
(May 2017)
- Investors Count 1
All 1 funding rounds of Keys Hotels with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May 2017 | $30.94M | Series E | – | – |
2 investors in total: 2 institutional.
Investors in Keys Hotels
Keys Hotels has secured backing from 2 investors, including venture fund and institutional investors. Prominent investors backing the company include Lemon Tree Hotels and Berggruen Holdings.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Investments in private equity, real estate, and alternative energy across continents. | 2001 | berggruenholdings.com | Los Angeles, United States | |
A chain of hotels and resorts is operated. | 2002 | lemontreehotels.com | Delhi, India |
Investor details for Keys Hotels
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Board of directors of Keys Hotels
The boards of the 2 registered companies of Keys Hotels currently have 12 directors; the longest-serving is Patanjali Govind Keswani, appointed in 2012. 44 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Patanjali Govind Keswani DIN 00002974 | Managing Director | 09 May 2012 | 14 yrs 5 mo | Fleur Hotels Limited |
| Dominic James Doran DIN 07006491 | Director | 09 Dec 2014 | 11 yrs 10 mo | Fleur Hotels Limited |
| Ashish Kumar Guha DIN 00004364 | Director | 13 Aug 2018 | 8 yrs 2 mo | Fleur Hotels Limited |
| Pradeep Mathur DIN 05198770 | Director | 07 Aug 2019 | 7 yrs 2 mo | Fleur Hotels Limited |
| Jagdish Kumar Chawla DIN 00003022 | Director | 01 Nov 2019 | 6 yrs 11 mo | Berggruen Hotels Private Limited |
| Davander Tomar DIN 00013336 | Director | 01 Nov 2019 | 6 yrs 11 mo | Berggruen Hotels Private Limited |
| Paramartha Saikia DIN 07145770 | Director | 05 Nov 2019 | 6 yrs 11 mo | Berggruen Hotels Private Limited |
| Aditya Madhav Keswani DIN 07208901 | Director | 27 May 2022 | 4 yrs 4 mo | Fleur Hotels Limited |
| Freyan Jamshed Desai DIN 00965073 | Director | 09 Aug 2023 | 3 yrs 2 mo | Fleur Hotels Limited |
| Praveen Kumar Agrawal DIN 10377055 | Whole-time director | 08 Nov 2023 | 2 yrs 11 mo | Berggruen Hotels Private Limited |
| Mohit Gujral DIN 00051538 | Additional Director | 04 Feb 2025 | 1 yr 8 mo | Fleur Hotels Limited |
| Saurabh Shatdal DIN 11222659 | Managing Director | 01 Oct 2025 | 1 yr | Fleur Hotels Limited |
People of Keys Hotels
1 people are tracked at Keys Hotels (1 in leadership); the tracked headcount is 58.
| Name | Role | Group |
|---|---|---|
| CEO | Leadership |
Complete people profiles for Keys Hotels
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Financials of Keys Hotels
Figures of Fleur Hotels Limited, the primary company behind Keys Hotels, for FY 2025. Revenue was ₹913 Cr (+24% year on year). Net profit was ₹113 Cr (12% margin). EBITDA was ₹401 Cr (44% margin). Revenue has grown at a compounded annual rate of +47% over three years and +18% over five years.
- ₹913 CrRevenue · FY 2025 · +24% YoY
- ₹113 CrNet profit · 12% margin
- ₹401 CrEBITDA · 44% margin
- ₹97.83 CrPaid-up capital
- 869Employees (provident fund records)
- +47%Revenue CAGR, 3 years
- +18%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Fleur Hotels Limited are on its company page.
Detailed financial statements for Keys Hotels
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Timeline of Keys Hotels
3 dated milestones of Keys Hotels across 13 years, from founding to its latest funding, stage changes and deals.
- Founded Keys Hotels is founded.
- Funding First funding round of $30.9M.
- Exit Acquired by Lemon Tree Hotels.
Web traffic of Keys Hotels
Websites that share an audience with Keys Hotels (keyshotels.com).
Websites whose visitors overlap most with Keys Hotels. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| gingerhotels.com | 100% | 121.6K | View details | ||
valleyview-resort.com | valleyview-resort.com | 79% | – | ||
| sajresort.com | 77% | 3.7K | #4,744,970 | View details | |
brightlandholiday.com | brightlandholiday.com | 77% | – | ||
| lemontreehotels.com | 75% | 264.1K | #140,536 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Keys Hotels
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Top companies in Hotels
3 companies that operate in the same segment as Keys Hotels (Hotels) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
A chain of hotels and resorts is operated. | 2002 | Delhi, Delhi, India | USD 128.72 M | USD 151.13 M | 8,560 | |
Mid-market hotel chain is operated in 29 Indian cities. | 2003 | Mumbai, Maharashtra, India | USD 76.27 M | USD 43.67 M | 1,083 | |
Online hotel booking platform | 2014 | Gurugram, Haryana, India | USD 71.89 M | USD 27.76 M | 541 |
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Related news about Keys Hotels
Complete news archive for Keys Hotels
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Frequently Asked Questions about Keys Hotels
Keys Hotels was founded in 2006 and raised its 1st funding round 11 years after it was founded.
Keys Hotels is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Anshu Sarin is the CEO of Keys Hotels, as recorded in our data.
Keys Hotels is a funded company, having raised a total of $30.94M across 1 funding round to date. The company's 1st funding round was a Series E of $30.94M, raised on May 2017.
Keys Hotels has 58 employees.
Annual revenue of Keys Hotels is $130.08M as on Mar 31, 2024.
Keys Hotels, funded by New York-headquartered Berggruen Holdings, has total of 35 hotels in India including those under development and has been growing through management contracts and franchise. The company also owns c.8 hotels and plans to manage 100 properties in India by 2018. Nicolas Berggruen launched Berggruen Holdings in 1985 to manage the family fortune and has invested over 100m in Keys Hotels. Besides hospitality, Berggruen has significant investments in car rental, education, SEZ and BPO sectors in the country.
Keys Hotels has 2 investors. Key investors include Lemon Tree Hotels, and Berggruen Holdings.
Keys Hotels is associated with 2 legal entities: Fleur Hotels Limited, Berggruen Hotels Private Limited.
Yes. Keys Hotels was acquired by Lemon Tree Hotels in March 2019.
The legal entities of Keys Hotels currently have 15 directors, including Dominic James Doran, Patanjali Govind Keswani, Aditya Madhav Keswani and others.