About Velvett Country
Velvett Country is a Travel & Hospitality company based in Mumbai (India) founded in 2003. It operates hotels, providing comfortable accommodations and hospitality services. It operates on a B2C model. The company has 7 employees. Its Indian entity Velvett Hotels Private Limited reported revenue of ₹95.2 Lakh. Its focus areas include Hospitality, Accommodation, Hotels and Operations and Management. Its competitors include ELIVAAS, Delta Corp and The Leela Palaces Hotels and Resorts; 1 of its 3 listed competitors has raised funding.
Company details
Velvett Country, established in 2003, excels in offering hospitality services, accommodation, hotels, and operations and management. Operates hotels, providing comfortable accommodations and hospitality services. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters Mumbai, India
- Employees 7
- SectorsTravel & Hospitality
- Website velvettcountry.com
- Legal Name Velvett Hotels Private Limited
- Date of Incorporation 06 Dec, 1995
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹95.2 Lakh
FY 2024 · +29% YoY
- Net Profit₹6.1 Lakh
FY 2024 · 6% margin
- EBITDA₹10.2 Lakh
FY 2024 · 11% margin
- Employee Count7
Associated legal entities of Velvett Country
Velvett Country operates through Velvett Hotels 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 |
|---|---|---|---|---|---|---|---|
| Velvett Hotels Private Limited CIN U15100MH1995PTC095054 | Active | 06 Dec 1995 | Mumbai, Maharashtra | ₹1.0 Cr | 7 | 3 | View details |
Board of directors of Velvett Hotels Private Limited (Velvett Country)
Velvett Hotels Private Limited is the primary company behind Velvett Country. The board of Velvett Hotels Private Limited currently have 3 directors; the longest-serving is Mohit Madanlal Gupta, appointed in 1995. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mohit Madanlal Gupta DIN 00200420 | Director | 06 Dec 1995 | 30 yrs 11 mo | Velvett Hotels Private Limited |
| Gouri Mohit Gupta DIN 00268385 | Director | 10 Dec 2013 | 12 yrs 10 mo | Velvett Hotels Private Limited |
| Varun Mohit Gupta DIN 07158526 | Director | 17 Apr 2015 | 11 yrs 6 mo | Velvett Hotels Private Limited |
Financials of Velvett Country
Figures of Velvett Hotels Private Limited, the primary company behind Velvett Country, for FY 2024. Revenue was ₹95.2 Lakh (+29% year on year). Net profit was ₹6.1 Lakh (6% margin). EBITDA was ₹10.2 Lakh (11% margin). Revenue has grown at a compounded annual rate of -5% over three years and -14% over five years.
- ₹95.2 LakhRevenue · FY 2024 · +29% YoY
- ₹6.1 LakhNet profit · 6% margin
- ₹10.2 LakhEBITDA · 11% margin
- ₹1.3 LakhPaid-up capital
- 7Employees (provident fund records)
- -5%Revenue CAGR, 3 years
- -14%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Velvett Hotels Private Limited are on its company page.
Detailed financial statements for Velvett Country
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Competitors of Velvett Country
Velvett Country has 3 listed competitors in our database, 1 of them funded. They include ELIVAAS, Delta Corp and The Leela Palaces Hotels and Resorts.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| elivaas.com | 2023 | Gurugram, India | $18.45M | 307 | Luxury vacation homes are provided via an online rental marketplace. | |
| deltacorp.in | 1990 | Mumbai, India | 2,021 | Gaming & hospitality firm | ||
| theleela.com | 1986 | Mumbai, India | 66 | 5-star luxury hotels in India are owned and operated. |
Detailed competitors of Velvett Country
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Top companies in Hotels
3 companies that operate in the same segment as Velvett Country (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 | 7,829 | |
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 Velvett Country
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Frequently Asked Questions about Velvett Country
Velvett Country was founded in 2003.
Velvett Country is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Velvett Country has 7 employees.
The primary company behind Velvett Country, Velvett Hotels Private Limited, reported revenue of ₹95.2 Lakh for FY 2024, up 29% year on year.
Velvett Country, established in 2003, excels in offering hospitality services, accommodation, hotels, and operations and management. Operates hotels, providing comfortable accommodations and hospitality services. Committed to advancing standards, it focuses on innovation, efficiency, and delivering value to clients worldwide. It continues to evolve, meeting industry challenges with strategic approaches.
Velvett Country's top competitors include ELIVAAS, The Leela Palaces Hotels and Resorts and Delta Corp.
Velvett Country operates through Velvett Hotels Private Limited.
The legal entities of Velvett Country currently have 3 directors, including Varun Mohit Gupta, Gouri Mohit Gupta, Mohit Madanlal Gupta.