MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-KL-07-0000366
Backwater Ripples Private Limited - travel and hospitality in Kottayam, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹21.71 Cr
▲ 47% YoY
Net profit · FY 2025
₹3.88 Cr
Net margin 17.9%
EBITDA · FY 2025
₹7.75 Cr
EBITDA margin 35.7%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹1.8 Cr
Issued & subscribed
Open charges
₹14.55 Cr
Satisfied ₹30.34 Cr
Company age
41 yrs
Est. 1985
Employees · EPFO
43
Provident fund records
About Backwater Ripples Private Limited
Data last updated:
Backwater Ripples Private Limited is a private limited company based in Kottayam, Kerala, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 19 February 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U55102KL1985PTC004142. Its GSTIN is 32AACCB3161C2ZF (Kerala). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.8 Cr. It was formerly known as Vellapally Tourist Complex Private Limited. It is led by directors Alex Mathew Vellapally (Managing Director) and Bindu Mathew Vellapally.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at P B No 45 XII/1333 Kk Roadvellappilly Building, Kottayam, Kerala, India – 686001.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.71 Cr, a growth of 47% compared to the previous year. For the same year it recorded a net profit of ₹3.88 Cr (net margin 17.9%) and EBITDA of ₹7.75 Cr (EBITDA margin 35.7%). Revenue has grown at a compounded annual rate (CAGR) of 60% over three years and 19% over five years.
The company has about 43 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Backwater Ripples. As per MCA filings, the company has open charges of ₹14.55 Cr and satisfied charges of ₹30.34 Cr on record. Court records list 12 cases involving the company, including 9 filed by the company and 3 filed against it; 2 cases are pending.
Backwater Ripples Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-07-0000366). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website backwaterripples.com.
Company details
CIN U55102KL1985PTC004142
Registration Number 004142
Incorporation Date 19 February 1985
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KL-07-0000366
Recognitions & Rankings of Backwater Ripples
Contact details
Backwater Ripples Private Limited's registered office is in Kottayam, Kerala. Its website is backwaterripples.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressP B No 45 XII/1333 Kk Roadvellappilly Building, Kottayam, Kerala, India – 686001
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Backwater Ripples Private Limited, buy the company report.
Comprehensive company report
Backwater Ripples Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Backwater Ripples operates one associated brand: Backwater Ripples. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Luxury resort providing accommodations, dining, and backwater activities in Kerala. | backwaterripples.com |
Business activity
The main business activity of Backwater Ripples is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. |
To see the full business activity and turnover split of Backwater Ripples Private Limited, buy the company report.
Financials of Backwater Ripples Private Limited
FY 2024 filings availableBackwater Ripples Private Limited reported revenue of ₹21.71 Cr (up 47% YoY) for FY 2025.
Revenue · FY 2025
₹21.71 Cr ▲ 47%
Net profit · FY 2025
₹3.88 Cr margin 17.9%
EBITDA · FY 2025
₹7.75 Cr margin 35.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 47%
3 years · compounded
▲ 60%
5 years · compounded
▲ 19%
EBITDA CAGR growth
1 year
▲ 91%
3 years · compounded
▲ 86%
5 years · compounded
▲ 41%
Revenue has grown at a compounded annual rate (CAGR) of 19% over five years, including 47% growth in the latest year. EBITDA rose 91% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹7.75 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.88 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 35.7% | ||||
| Net Profit Margin | 17.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
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To see the full financial statements and ratios of Backwater Ripples Private Limited, buy the company report.
Board of directors of Backwater Ripples Private Limited
Backwater Ripples has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alex Mathew Vellapally Also directs: Vellapally Traders Pvt Ltd | Managing Director | 09 Mar 2017 | 9 Years 7 Months | Current |
| Bindu Mathew Vellapally Also directs: Vellapally Traders Pvt Ltd | Director | 01 Nov 2003 | 23 Years 0 Months | Current |
Peer comparison
Backwater Ripples Private Limited is compared with the 10 companies closest to it by revenue in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jpri Hotels Private Limited | ₹21.91 Cr (FY 2025) | 1.0% | Chennai, Tamil Nadu, India | |||
| Orion International Support Services Private Limited | ₹21.8 Cr (FY 2018) | -16.0% | Mumbai, Maharashtra, India | |||
| Sharda Properties Private Limited | ₹21.75 Cr (FY 2025) | 1.0% | Mussoorie, Uttarakhand, India | |||
| Inovoa Hotels and Resorts Limited | ₹21.74 Cr (FY 2025) | 15.0% | New Delhi, Delhi, India | |||
| Daffodil Hotels Private Limited | ₹21.73 Cr (FY 2025) | -9.0% | New Delhi, Delhi, India | |||
| Backwater Ripples Private Limitedthis company | ₹21.71 Cr (FY 2025) | ₹3.88 Cr | 17.9% | 47.0% | 43 | Kottayam, Kerala, India |
| Bir Hotels Private Limited | ₹21.68 Cr (FY 2025) | 49.0% | Uttar Pradesh, India | |||
| Aryavir Buildcon Private Limited. | ₹21.67 Cr (FY 2024) | -76.0% | New Delhi, Delhi, India | |||
| Zuri Hotels and Resorts Private Limited | ₹21.58 Cr (FY 2024) | -15.0% | Salcete, Goa, India | |||
| Shyamkrishna Mart Private Limited | ₹21.58 Cr (FY 2024) | 27.0% | Bhawanipatna, Odisha, India | |||
| Hotel Pranaminn Private Limited | ₹21.56 Cr (FY 2025) | 44.0% | Bhubaneswar, Odisha, India |
To see the full peer comparison of Backwater Ripples Private Limited, buy the company report.
Auditor
Backwater Ripples Private Limited is audited by M.K.KURUVILLA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.K.KURUVILLA & CO | FY 2023 | 001633S |
Shareholding
The shareholding of Backwater Ripples Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Backwater Ripples Private Limited, buy the company report.
Charges & borrowings
Open charges
₹14.55 Cr
Satisfied charges
₹30.34 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Jun 2021 | 100460714 | Others | ₹2.25 Cr | Open | |
| 27 Nov 2017 | 100147690 | Others | ₹12.3 Cr | Open | |
| 22 Jun 2020 | 100344715 | Others | ₹2.25 Cr | Satisfied | |
| 04 Oct 2019 | 100295241 | Others | ₹46 Lakh | Satisfied | |
| 19 May 2015 | 10572823 | The South Indian Bank Limited | ₹1 Cr | Satisfied |
To see the full charge records of Backwater Ripples Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Backwater Ripples Private Limited has 12 court cases on record: 9 filed by Backwater Ripples, 3 filed against it. 2 cases are pending and 10 are disposed.
Total cases
12
Filed by the company
9
Filed against the company
3
Pending
2
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 3 | 1 |
| District courts | 1 | 0 | 1 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against individuals | Pending |
| District court, Kottayam, Kerala | Court case (LP) | Filed by the company against an individual | Pending |
| High Court of Kerala | Court case (Con.Case(C)) | Filed by the company against an individual | Disposed |
| High Court of Kerala | Appeal | Filed against the company by State of Kerala | Disposed |
| High Court of Kerala | Writ petition | Filed by the company against State of Kerala | Disposed |
To see the full case history of Backwater Ripples Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Backwater Ripples Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Backwater Ripples Private Limited has a workforce of 43 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
Employee count
43
Active EPFO establishments
1
Employee growth
-8.51%
GST
Backwater Ripples has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AACCB3161C2ZF | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Backwater Ripples Private Limited, buy the company report.
Recent activity
Backwater Ripples Private Limited has 4 board changes on record since 2003: 2 appointments and 2 cessations. The latest: Mathew Alex Vellapally ceased to be Managing Director on 02 Jul 2022.
AGM
Backwater Ripples Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Backwater Ripples Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.
Charges
A charge registered on 04 Oct 2019 via Charge ID 100295241 with Others was fully satisfied on 04 May 2023.
Ceased
Mathew Alex Vellapally ceased to be Managing Director.
Charges
A charge registered on 22 Jun 2020 via Charge ID 100344715 with Others was fully satisfied on 09 Jul 2021.
Charges
A charge with Others amounted to Rs. 2.25 Cr with Charge ID 100460714 was registered on 29 Jun 2021.
Charges
A charge with Others amounted to Rs. 2.25 Cr with Charge ID 100344715 was registered on 22 Jun 2020.
Charges
A charge with Others amounted to Rs. 0.46 Cr with Charge ID 100295241 was registered on 04 Oct 2019.
Charges
A charge registered on 19 May 2015 via Charge ID 10572823 with The South Indian Bank Limited was fully satisfied on 09 Jan 2019.
Charges
A charge with Others of Rs. 12.30 Cr registered on 27 Nov 2017 with Charge ID 100147690 was modified on 31 Dec 2018.
Charges
A charge with Others amounted to Rs. 12.30 Cr with Charge ID 100147690 was registered on 27 Nov 2017.
Appointed
Alex Mathew Vellapally was appointed as Managing Director.
21 earlier events are in the company report.
Frequently asked questions
Backwater Ripples is an active private limited company based in Kottayam, Kerala, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 19 February 1985 (41+ years old) and is registered under CIN U55102KL1985PTC004142.
Backwater Ripples has 2 current directors:
- Alex Mathew Vellapally - Managing Director
- Bindu Mathew Vellapally - Director
The latest financial statements of Backwater Ripples on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Backwater Ripples is 32AACCB3161C2ZF, registered in Kerala. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Backwater Ripples is U55102KL1985PTC004142. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Backwater Ripples has 12 court cases on record: 9 filed by the company and 3 filed against it. 2 are pending. Most are in the high courts.
Backwater Ripples was incorporated on 19 February 1985, making it 41+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Backwater Ripples by revenue are Jpri Hotels Private Limited, Orion International Support Services Private Limited, Sharda Properties Private Limited, Inovoa Hotels and Resorts Limited, Daffodil Hotels Private Limited and 5 more, all in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Mathew Alex Vellapally ceased to be Managing Director on 02 Jul 2022. Alex Mathew Vellapally was appointed as Managing Director on 09 Mar 2017. Alex Mathew Vellapally ceased to be Additional Director on 09 Mar 2017. Backwater Ripples has 4 board changes on record in total.
Yes, Backwater Ripples is registered as a small enterprise under Udyam registration (number: UDYAM-KL-07-0000366).
Backwater Ripples can be reached through the website backwaterripples.com. Its registered office is in Kottayam, Kerala, India.
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