About Sarovar Hotels
Sarovar Hotels is a Travel & Hospitality company based in Mumbai (India) founded in 1994 by Ajay Bakaya and Anil Madhok, and was acquired by Louvre Hotels in January 2017. Hotels, restaurants, and resorts are operated across India and Africa. Sarovar Hotels has raised $13.28 million across 2 funding rounds from investors including Bessemer Venture Partners, Louvre Hotels and New Vernon Wealth Management. The company has 1,928 employees. Sarovar Hotels was last valued at $24.88 million in December 2006. Its website sarovarhotels.com draws about 107 thousand monthly visits. Its Indian entity Sarovar Hotels Private Limited reported revenue of ₹206 Cr. Sarovar Hotels offers products and services including Hotel Accommodation, Room Booking, and Event Management. Its focus areas include Travel and Hospitality and Hotels.
Company details
Sarovar Hotels was established in 1994 in Mumbai, India, within the hospitality sector. Operations include hotels and resorts under brands like Hometel, Sarovar Portico for mid-tier services, and Sarovar Premiere for luxury accommodations. Restaurant chains such as The Oriental Blossom and Geoffreys The Pub are managed in urban areas. Services encompass standardized lodging, event spaces, wedding venues, and diverse dining. Expansion has reached select African locations.
- Headquarters Mumbai, India
- Employees 1,928
- Founders Ajay Bakaya, Anil Madhok
- Stage Acquired
- SectorsTravel & Hospitality
- Website category Travel and Tourism · Accommodation and Hotels
- Email••••••••
- Phone•••• ••••
- Website sarovarhotels.com
- Social LinkedIn X Facebook Instagram YouTube
- Acquired by Louvre Hotels (Jan 2017)
- Legal Name Sarovar Hotels Private Limited
- Date of Incorporation 10 Sep, 1993
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹206 Cr
FY 2025 · +19% YoY
- Net Profit₹32.59 Cr
FY 2025 · 16% margin
- EBITDA₹50.53 Cr
FY 2025 · 25% margin
- Total Equity Funding$13.28M (USD)
in 2 rounds
- Latest Funding Round$5.09M (USD), Private Equity Round
Dec 2006
- InvestorsBessemer Venture Partners
& 2 more
- Employee Count1,928
- Acquired byLouvre Hotels
(Jan 2017)
Associated legal entities of Sarovar Hotels
Sarovar Hotels operates through Sarovar Hotels Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Sarovar Hotels Private Limited CIN U74140MH1993PTC139435 | Active | 10 Sep 1993 | Mumbai, Maharashtra | ₹206 Cr | 1,928 | 7 | View details |
Products & Services of Sarovar Hotels
Sarovar Hotels offers a comprehensive portfolio of products and services, including Hotel Accommodation, Room Booking, and Event Management.
Provides lodging and booking services in multiple locations
Facilitates online and direct hotel reservations for travelers
Offers facilities for events and conferences at hotels
Apps and channels of Sarovar Hotels
its YouTube channel Sarovar Hotels has 1.65K subscribers and 28 videos.
Videos from Sarovar Hotels
The most watched videos on Sarovar Hotels's YouTube channel, Sarovar Hotels (1.65K subscribers). Click a video to play it here.
More on Sarovar Hotels.
Funding Insights of Sarovar Hotels
Sarovar Hotels has successfully raised a total of $13.28M across 2 strategic funding rounds. The most recent funding activity was a Private Equity Round of $5.09 million completed in December 2006. 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 $13.28M
- Total Rounds 2
- Last Round Private Equity Round — $5.09M
- First Round $8.19M
(Dec 2005)
- Investors Count 2
All 2 funding rounds of Sarovar 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 |
|---|---|---|---|---|---|
| Dec 2006 | $5.09M | Private Equity Round | $24.88M | Bessemer Venture Partners, New Vernon Wealth Management | – |
| Dec 2005 | $8.19M | Private Equity Round | – | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2006 | $24.88M | •••••••• |
Last known valuation $24.88M (Dec 2006). 3 investors in total: 3 institutional.
Investors in Sarovar Hotels
Sarovar Hotels has secured backing from 3 investors, including venture fund and institutional investors. Prominent investors backing the company include Bessemer Venture Partners, Louvre Hotels and New Vernon Wealth Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments and support for entrepreneurs in technology and innovation sectors. | 1911 | bvp.com | Redwood City, United States | |
Provides personalized wealth management and investment strategies for individuals and institutions. | 1972 | newvernonwealth.com | Highland Park, United States | |
Operator of a network of hotels worldwide | 2011 | louvrehotels.com | La Defense, France |
Investor details for Sarovar Hotels
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
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Verified entity values are shown only after access is granted.
Board of directors of Sarovar Hotels Private Limited (Sarovar Hotels)
Sarovar Hotels Private Limited is the primary company behind Sarovar Hotels. The board of Sarovar Hotels Private Limited currently have 5 directors; the longest-serving is Ajay Kumar Bakaya, appointed in 2000. 16 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Ajay Kumar Bakaya DIN 01442168 | Managing Director | 20 Nov 2000 | 25 yrs 11 mo | Sarovar Hotels Private Limited |
| Mathieu Jean Michel Rouri DIN 10071711 | Director | 24 May 2023 | 3 yrs 5 mo | Sarovar Hotels Private Limited |
| Gustav Otto Andreas Tscherning DIN 10219806 | Director | 18 Aug 2023 | 3 yrs 2 mo | Sarovar Hotels Private Limited |
| Gregoire Michel Bouffard DIN 10864205 | Director | 06 Jan 2025 | 1 yr 9 mo | Sarovar Hotels Private Limited |
| Priya Madhok DIN 11005854 | Director | 08 Apr 2025 | 1 yr 6 mo | Sarovar Hotels Private Limited |
People of Sarovar Hotels
49 people are tracked at Sarovar Hotels (25 in leadership, 24 in team); the tracked headcount is 1,928.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Managing Director | Leadership | |
Anil Madhok | Co-Founder & Managing Director | Leadership |
Tarsem Singh | General Manager | Leadership |
Jatin Khanna | Chief Executive Officer | Leadership |
Surender Sharma | General Manager | Leadership |
Kailash Rai | General Manager | Leadership |
Atul Gupta | General Manager | Leadership |
Arun Kumar Sy | General Manager | Leadership |
Pramod Maurya | General Manager | Leadership |
Saurabh Vashisht | Senior Director - Revenue Strategy And Distribution - India Nepal & Africa | Leadership |
Anil Kumar Laxhman Rathod | Director Development & Operations | Leadership |
Mrinal Sarkar | General Manager | Leadership |
Sunil Khera | Area General Manager | Leadership |
Aneesh Mohammed | Director Of Sales-pre-opening &mice | Leadership |
Ketan Parmar | Cluster General Manager - Mumbai | Leadership |
Vishal Baid | Area General Manager | Leadership |
Rajesh Ranjan | Senior Vice President Development | Leadership |
Shariq Nizami | Director Of Sales | Leadership |
Shankar Dutta | General Manager | Leadership |
Amitabha Das | General Manager | Leadership |
29 more people are available in the full profile.
Complete people profiles for Sarovar Hotels
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Verified entity values are shown only after access is granted.
Financials of Sarovar Hotels
Figures of Sarovar Hotels Private Limited, the primary company behind Sarovar Hotels, for FY 2025. Revenue was ₹206 Cr (+19% year on year). Net profit was ₹32.59 Cr (16% margin). EBITDA was ₹50.53 Cr (25% margin). Revenue has grown at a compounded annual rate of +13% over three years and +9% over five years.
- ₹206 CrRevenue · FY 2025 · +19% YoY
- ₹32.59 CrNet profit · 16% margin
- ₹50.53 CrEBITDA · 25% margin
- ₹1.9 LakhPaid-up capital
- 1,928Employees (provident fund records)
- +13%Revenue CAGR, 3 years
- +9%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Sarovar Hotels Private Limited are on its company page.
Detailed financial statements for Sarovar Hotels
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of Sarovar Hotels
5 dated milestones of Sarovar Hotels across 23 years, from founding to its latest funding, stage changes and deals.
- Founded Sarovar Hotels is founded.
- Funding First funding round of $8.2M.
- Funding Latest funding round, Private Equity Round, of $5.1M.
- Milestone Reaches Minicorn status.
- Exit Acquired by Louvre Hotels.
Web traffic of Sarovar Hotels
The website of Sarovar Hotels (sarovarhotels.com) receives about 106.7K visits a month and ranks #326,922 among all websites worldwide, #9,650 in Accommodation and Hotels.
- Monthly visits106.7K
▼ 13.4% vs previous month
- Unique visitors65.4K
per month
- Global rank#326,922
among all websites
- Category rank#9,650
Travel and Tourism · Accommodation and Hotels
- Bounce rate40%
- Pages per visit2.1
- Average visit55 sec
- DevicesDesktop 31% · Mobile 69%
Websites whose visitors overlap most with Sarovar Hotels. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| parkplaza.com | 100% | View details | |||
| fortunehotels.in | 100% | 95.5K | #440,422 | View details | |
| hotelsarovar.com | 91% | #2,933,174 | View details | ||
| lemontreehotels.com | 87% | 264.1K | #140,536 | View details | |
| shreemaya.com | 83% | #1,272,143 | View details | ||
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 40 similar websites and full traffic analytics for Sarovar Hotels
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Verified entity values are shown only after access is granted.
Top companies in Hotels
3 companies that operate in the same segment as Sarovar 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 Sarovar Hotels
Complete news archive for Sarovar Hotels
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Frequently Asked Questions about Sarovar Hotels
Sarovar Hotels was founded in 1994 and raised its 1st funding round 11 years after it was founded.
Sarovar Hotels is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Sarovar Hotels is a funded company, having raised a total of $13.28M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $8.19M, raised on Dec 2005.
Sarovar Hotels has 1,928 employees.
The primary company behind Sarovar Hotels, Sarovar Hotels Private Limited, reported revenue of ₹206 Cr for FY 2025, up 19% year on year.
Sarovar Hotels was established in 1994 in Mumbai, India, within the hospitality sector. Operations include hotels and resorts under brands like Hometel, Sarovar Portico for mid-tier services, and Sarovar Premiere for luxury accommodations. Restaurant chains such as The Oriental Blossom and Geoffreys The Pub are managed in urban areas. Services encompass standardized lodging, event spaces, wedding venues, and diverse dining. Expansion has reached select African locations.
Sarovar Hotels offers Hotel Accommodation, Room Booking, and Event Management.
Sarovar Hotels has 3 investors. Key investors include Bessemer Venture Partners, Louvre Hotels, and New Vernon Wealth Management.
The valuation of Sarovar Hotels is $24.88M as of Dec 2006.
Sarovar Hotels operates through Sarovar Hotels Private Limited.
Yes. Sarovar Hotels was acquired by Louvre Hotels in January 2017.
The legal entities of Sarovar Hotels currently have 7 directors, including Ajay Kumar Bakaya, Jatin Khanna, Raja S and others.