About ParaStays
ParaStays was a Travel & Hospitality company based in Satara (India) founded in 2016. It operates an online platform for multi-category accommodations booking. It operates on a B2C model. The company has 1 employees. The company is recorded as dissolved. Its focus areas include Travel and Hospitality, Accommodations, Booking Platforms and Multi-category. Its legal entity in India is Parastays Private Limited (U74999PN2020PTC195853). Its competitors include MakeMyTrip, Ixigo and Cleartrip; 3 of its 3 listed competitors have raised funding.
Company details
ParaStays operates an online platform for multi-category accommodations booking through travel and hospitality, accommodations, operating booking platforms, and multi-category. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Satara, India
- Employees 1
- SectorsTravel & Hospitality
- Website parastays.com
- Social X Facebook
- Legal Name Parastays Private Limited
- Date of Incorporation 09 Nov, 2020
- Jurisdiction Satara, Maharashtra, India
- Annual Revenue₹12,286
FY 2022
- Net Loss-₹2.5 Lakh
FY 2022 · -2030% margin
- EBITDA-₹2.3 Lakh
FY 2022 · -1861% margin
- Employee Count1
Associated legal entities of ParaStays
ParaStays operates through Parastays Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Parastays Private Limited CIN U74999PN2020PTC195853 | Active | 09 Nov 2020 | Satara, Maharashtra | ₹0.0 Cr | 2 | View details |
Board of directors of Parastays Private Limited (ParaStays)
Parastays Private Limited is the primary company behind ParaStays. The board of Parastays Private Limited currently have 2 directors; the longest-serving is Yashowardhan Shriram Mutalik, appointed in 2020.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Yashowardhan Shriram Mutalik DIN 08604066 | Managing Director | 09 Nov 2020 | 5 yrs 11 mo | Parastays Private Limited |
| Saylee Shriram Mutalik DIN 06402924 | Director | 09 Nov 2020 | 5 yrs 11 mo | Parastays Private Limited |
Financials of ParaStays
Figures of Parastays Private Limited, the primary company behind ParaStays, for FY 2022. Revenue was ₹12,286. Net loss was -₹2.5 Lakh (-2030% margin). EBITDA was -₹2.3 Lakh (-1861% margin).
- ₹12,286Revenue · FY 2022
- -₹2.5 LakhNet loss · -2030% margin
- -₹2.3 LakhEBITDA · -1861% margin
- ₹1 LakhPaid-up capital
Balance sheet, profit and loss, cash flow and ratios of Parastays Private Limited are on its company page.
Detailed financial statements for ParaStays
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- Financial ratios
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Verified entity values are shown only after access is granted.
Competitors of ParaStays
ParaStays has 3 listed competitors in our database, 3 of them funded. They include MakeMyTrip, Ixigo and Cleartrip.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| makemytrip.com | 2000 | Gurugram, India | $39M | 4,579 | Online bookings for flights, hotels, and travel packages are facilitated. | |
| ixigo.com | 2007 | Gurugram, India | $96.62M | 535 | Online platform providing multiple travel booking services | |
| cleartrip.com | 2005 | Bengaluru, India | $69.5M | 1,168 | App-based platform for booking multiple categories of travel services |
Detailed competitors of ParaStays
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- Full competitor set
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Top companies in Alternative Accommodation
3 companies that operate in the same segment as ParaStays (Alternative Accommodation) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Platform for booking hotel rooms on hourly basis in Indian cities for short-term needs. | 2020 | Mumbai, Maharashtra, India | USD 1.74 K | |||
Offers luxurious accommodations including hostels, hotels, and resorts in India. | 2015 | Jaipur, Rajasthan, India | USD 582.33 K | USD 277.18 K | 49 | |
A branded marketplace for listing and renting furnished flats. | 2016 | Bengaluru, Karnataka, India | USD 1.17 M | 2 |
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Frequently Asked Questions about ParaStays
ParaStays was founded in 2016.
ParaStays is headquartered in Satara, India. It is registered at Satara, Maharashtra, India.
ParaStays has 1 employees.
The primary company behind ParaStays, Parastays Private Limited, reported revenue of ₹12,286 for FY 2022.
ParaStays operates an online platform for multi-category accommodations booking through travel and hospitality, accommodations, operating booking platforms, and multi-category. Prioritizing client-centric approaches, it ensures high-quality outcomes, innovation, and sustainable practices in its field. It continues to evolve, meeting industry challenges with strategic approaches.
ParaStays's top competitors include MakeMyTrip, Ixigo and Cleartrip.
ParaStays operates through Parastays Private Limited.
The legal entities of ParaStays currently have 2 directors, including Yashowardhan Shriram Mutalik, Saylee Shriram Mutalik.