About Sarovar Hotels
Sarovar Hotels is a company based in Mumbai (India) founded in 1994 by Ajay Bakaya and Anil Madhok was acquired by Louvre Hotels in January 2017. 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 as of September 10, 2025. Sarovar Hotels offers products and services including Hotel Accommodation, Room Booking, and Event Management.
- Headquarter Mumbai, India
- Employees 1928 as on 10 Sep, 2025
- Founders Ajay Bakaya, Anil Madhok
- Stage Minicorn
-
Sectors
Travel & Hospitality
-
Email
Locked
-
Phone
Locked
-
Website
Locked
-
Social
Locked
- Legal Name Sarovar Hotels Private Limited
- Date of Incorporation 10 Sep, 1993
- Jurisdiction Mumbai, Maharashtra, India
-
Annual Revenue
$17.17 M (USD)7.16as on Dec 31, 2022
-
Net Profit
$2.71 M (USD)7.89as on Dec 31, 2022
-
EBITDA
$3.81 M (USD)3.94as on Dec 31, 2022
-
Total Equity Funding
$13.28 M (USD)
in 2 rounds
-
Latest Funding Round
$5.09 M (USD), Private Equity Round
Dec 05, 2006
-
Investors
Bessemer Venture Partners
& 2 more
-
Employee Count
1928
as on Sep 10, 2025
-
Acquired by
Louvre Hotels
(Jan 12, 2017)
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
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
People of Sarovar Hotels
Unlock access to complete
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.
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.
|
Locked | Locked | Locked | |
|
Provides personalized wealth management and investment strategies for individuals and institutions.
|
Locked | Locked | Locked | |
|
Operator of a network of hotels worldwide
|
Locked | Locked | Locked |
Investor details for Sarovar Hotels
Investor domains, locations, round participation, and complete history require an active premium plan.
- Investor domains
- Investor locations
- Funding rounds
- Participation history
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Sarovar Hotels
Investment portfolio details for Sarovar Hotels
Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.
- Portfolio identities
- Transaction dates
- Round details
- Investment values
Verified entity values are shown only after access is granted.
Financial Statements - Sarovar Hotels
Detailed financials for Sarovar Hotels
Historical revenue, profit, statement rows, ratios, and trend charts require an active premium plan.
- Historical revenue
- Profit trends
- Statement rows
- Financial ratios
Verified entity values are shown only after access is granted.
Sarovar Hotels Comparisons
Peer comparison for Sarovar Hotels
Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.
- Named peers
- Headcount comparison
- Funding comparison
- Operating benchmarks
Verified entity values are shown only after access is granted.
Competitors of Sarovar Hotels
Detailed competitors of Sarovar Hotels
Competitor domains, locations, full profiles, and operating metrics require an active premium plan.
- Domains and locations
- Full company profiles
- Operating metrics
- Competitive positioning
Verified entity values are shown only after access is granted.
Latest news on Sarovar Hotels
Complete news archive for Sarovar Hotels
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
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.
As of Sep 10, 2025, the latest employee count at Sarovar Hotels is 1,928.
Annual revenue of Sarovar Hotels is $17.17M as on Dec 31, 2022.
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.