About Service Apartments
Service Apartments is a Travel & Hospitality company based in Delhi (India) founded in 2021. It offers fully equipped serviced apartments in Delhi for corporate and tourist stays. It operates on a B2B and B2C model. Its Indian entity Namasteyhomes Techno Solutions Private Limited reported revenue of ₹1.83 Cr. Service Apartments offers products and services including 2BHK Service Apartments, 1BHK Economic Rooms, 4BHK Deluxe Rooms, and 3BHK Independent Service Apartments. Its focus areas include Hospitality, Serviced Apartments, Short-term Rentals and Corporate Housing. Its competitors include PGO, Grabhouse and Zaasna; 3 of its 3 listed competitors have raised funding.
Company details
Namastey Homes, under NamasteyHomes Techno Solutions Pvt. Ltd., delivers holistic accommodation services in Saket, New Delhi. They provide fully furnished serviced apartments with amenities like kitchens, parking, and housekeeping for corporate clients, vacationers, and tourists. Services include arranging food, daily maintenance, and necessary items to ensure comfortable short or long-term stays, focusing on convenience and accessibility in Delhi NCR.
- Headquarters Delhi, India
- SectorsTravel & Hospitality
- Email••••••••
- Phone•••• ••••
- Website serviceapartmentsnearme.com
- Legal Name Namasteyhomes Techno Solutions Pvt. Ltd.
- Date of Incorporation 20 Feb, 2017
- Jurisdiction New Delhi, Delhi, India
- Annual Revenue₹1.83 Cr
FY 2024 · -8% YoY
- Net Profit₹3.8 Lakh
FY 2024 · 2% margin
- EBITDA₹8.5 Lakh
FY 2024 · 5% margin
Associated legal entities of Service Apartments
Service Apartments operates through Namasteyhomes Techno Solutions Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Namasteyhomes Techno Solutions Private Limited CIN U55204DL2017PTC313174 | Active | 20 Feb 2017 | New Delhi, Delhi | ₹1.8 Cr | 2 | View details |
Products & Services of Service Apartments
Service Apartments offers a comprehensive portfolio of products and services, including 2BHK Service Apartments, 1BHK Economic Rooms, 4BHK Deluxe Rooms, and 3BHK Independent Service Apartments.
Fully equipped apartments with kitchen and parking for stays
Budget rooms with air conditioning and basic amenities
Spacious rooms with modern features for extended stays
Luxury apartments with high-tech interiors and greenery
Board of directors of Namasteyhomes Techno Solutions Private Limited (Service Apartments)
Namasteyhomes Techno Solutions Private Limited is the primary company behind Service Apartments. The board of Namasteyhomes Techno Solutions Private Limited currently have 2 directors; the longest-serving is Vikas Pal Singh, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Vikas Pal Singh DIN 07730820 | Director | 20 Feb 2017 | 9 yrs 8 mo | Namasteyhomes Techno Solutions Private Limited |
| Balakrushna Pala DIN 07733249 | Director | 20 Feb 2017 | 9 yrs 8 mo | Namasteyhomes Techno Solutions Private Limited |
Financials of Service Apartments
Figures of Namasteyhomes Techno Solutions Private Limited, the primary company behind Service Apartments, for FY 2024. Revenue was ₹1.83 Cr (-8% year on year). Net profit was ₹3.8 Lakh (2% margin). EBITDA was ₹8.5 Lakh (5% margin). Revenue has grown at a compounded annual rate of +38% over three years and +1% over five years.
- ₹1.83 CrRevenue · FY 2024 · -8% YoY
- ₹3.8 LakhNet profit · 2% margin
- ₹8.5 LakhEBITDA · 5% margin
- ₹1 LakhPaid-up capital
- +38%Revenue CAGR, 3 years
- +1%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Namasteyhomes Techno Solutions Private Limited are on its company page.
Detailed financial statements for Service Apartments
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of Service Apartments
Service Apartments has 3 listed competitors in our database, 3 of them funded. They include PGO, Grabhouse and Zaasna.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| gopgo.in | 2016 | Hyderabad, India | $8.36M | 2 | App-based platform to discover & book PGs/hostels | |
| grabhouse.com | 2013 | Mumbai, India | $13.08M | 4 | Online platform that provides managed accommodations | |
| zaasna.com | 2018 | Bengaluru, India | $302,017 | Home loans are facilitated via an online property marketplace. |
Detailed competitors of Service Apartments
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Alternative Accommodation
3 companies that operate in the same segment as Service Apartments (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 Service Apartments
Service Apartments was founded in 2021.
Service Apartments is headquartered in Delhi, India. It is registered at Delhi, Delhi, India.
The primary company behind Service Apartments, Namasteyhomes Techno Solutions Private Limited, reported revenue of ₹1.83 Cr for FY 2024, down 8% year on year.
Namastey Homes, under NamasteyHomes Techno Solutions Pvt. Ltd., delivers holistic accommodation services in Saket, New Delhi. They provide fully furnished serviced apartments with amenities like kitchens, parking, and housekeeping for corporate clients, vacationers, and tourists. Services include arranging food, daily maintenance, and necessary items to ensure comfortable short or long-term stays, focusing on convenience and accessibility in Delhi NCR.
Service Apartments offers 2BHK Service Apartments, 1BHK Economic Rooms, 4BHK Deluxe Rooms, and 3BHK Independent Service Apartments.
Service Apartments operates through Namasteyhomes Techno Solutions Private Limited.
The legal entities of Service Apartments currently have 2 directors, including Vikas Pal Singh, Balakrushna Pala.