About Belaire Hotels Private Limited
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Belaire Hotels Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Chalet Hotels Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 14 May 2007.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH2007PTC170789. Its GSTIN is 27AADCB1851C1Z5 (Maharashtra). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹141 Cr and a paid-up capital of ₹140.7 Cr. It was led by directors including Sanjay Sethi and Milind Wadekar.
Its last annual general meeting (AGM) was held on 15 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 4th Floor Raheja Tower Plot No. C – 30 Block 'G' Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2022, the company reported a revenue of ₹27.87 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹11.1 Cr (net margin -39.8%) and EBITDA of ₹2.44 Cr (EBITDA margin 8.8%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 7% over five years.
The company had about 174 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹38 Lakh on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it. The company has 13 deals on record (4 rights issues, 4 secondary share transfers, 3 convertible or debt financings), with disclosed funding of ₹98.51 Cr; the latest was in February 2020. Its 7 peer companies in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.) are compared by revenue, 4 larger and 3 smaller; the largest is Starex Developers Private Limited with revenue of ₹28.06 Cr. The company has 2 MSME Form 1 returns on record for the period ending Sep 2020, listing 325 overdue payments to 46 micro and small suppliers.
The last known website on record is chalethotels.com.
Company details
Contact details
Belaire Hotels Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Social Media
- Registered Address4th Floor Raheja Tower Plot No. C – 30 Block 'G' Bandra Kurla Complex Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Belaire Hotels Private Limited, buy the company report.
- 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
Business activity
The main business activity of Belaire Hotels 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 Belaire Hotels Private Limited, buy the company report.
Financials of Belaire Hotels Private Limited
FY 2022 filings availableBelaire Hotels Private Limited reported revenue of ₹27.87 Cr (up 151% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 151% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 144% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹27.87 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.44 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹11.1 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.8% | ||||
| Net Profit Margin | -39.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Belaire Hotels Private Limited, buy the company report.
Board of directors of Belaire Hotels Private Limited
Belaire Hotels has 3 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Sethi Also directs: SS Advisory LLP, Chalet Hotels Limited, Chalet Hotels & Properties (Kerala) Private Limited and 3 more | Director | 03 Feb 2020 | 6 Years 8 Months | As last reported |
| Milind Wadekar | Director | 05 Aug 2020 | 6 Years 2 Months | As last reported |
| Karuna Nasta Also directs: The Dukes Retreat Private Limited, Sonmil Industries Private Limited, Ayushi and Poonam Estates LLP and 1 more | Director | 03 Feb 2020 | 6 Years 8 Months | As last reported |
Peer comparison
Belaire Hotels Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Starex Developers Private Limited | ₹28.06 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| 3B Infrastructure Private Limited | ₹27.97 Cr (FY 2024) | 97.0% | Chandigarh, India | |||
| Anisha Builders & Developers Pvt Ltd | ₹27.91 Cr (FY 2025) | 35.0% | Kolkata, West Bengal, India | |||
| Vishwaratna Hotel Private Limited | ₹27.9 Cr (FY 2025) | -15.0% | Guwahati, Assam, India | |||
| Belaire Hotels Private Limitedthis company | ₹27.87 Cr (FY 2022) | -₹11.1 Cr | -39.8% | 151.0% | 174 | Mumbai, Maharashtra, India |
| Vijayawada Hospitalities Private Limited | ₹27.79 Cr (FY 2024) | 5.0% | Hyderabad, Telangana, India | |||
| Maberest Hotels Private Limited | ₹27.76 Cr (FY 2018) | 5.0% | Goa, India | |||
| Manor Floatel Ltd | ₹27.57 Cr (FY 2025) | 39.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Belaire Hotels Private Limited, buy the company report.
Auditor
Belaire Hotels Private Limited is audited by B S R & Co. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2022 | 101248W/W-100022 |
Shareholding
The shareholding of Belaire Hotels Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Belaire Hotels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2022 | 100629971 | Axis Bank Limited | ₹23 Lakh | Satisfied | |
| 23 Jun 2022 | 100592333 | Axis Bank Limited | ₹15 Lakh | Satisfied |
To see the full charge records of Belaire Hotels Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Belaire Hotels Private Limited has 13 deals on record (4 rights issues, 4 secondary share transfers, 3 convertible or debt financings), with disclosed funding of ₹98.51 Cr; the latest was in February 2020.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Secondary share transfer | Undisclosed | Buyer: Chalet Hotels Limited & Neel Raheja, Chalet Hotels Limited Seller: Belaire Holdings Limited, Aapc India Hotel Management Private Limited |
| Aug 2018 | Rights issue | ₹44 Cr | Investors: Belaire Holdings Limited, Aapc India Hotel Management Private Limited |
| May 2017 | Rights issue | ₹33 Cr | Investors: Belaire Holdings Limited, Aapc India Hotel Management Private Limited |
| Apr 2016 | Rights issue | ₹22.5 Cr | Investors: Belaire Holdings Limited, Aapc India Hotel Management Private Limited |
| Dec 2014 | Rights issue | ₹32.25 Cr | Investors: Belaire Holdings Limited, Aapc India Hotel Management Private Limited |
To see the full deal history of Belaire Hotels Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Belaire Hotels Private Limited has 5 court cases on record: 3 filed by Belaire Hotels, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 0 |
| District courts | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CARAP) | Filed by the company against Weik Field Products Corporation LLP and 1 other | Disposed |
| Bombay High Court | Court case (ARP) | Filed against the company by Weikfield Products Corporation LLP | Disposed |
| District court, Pune, Maharashtra | Court case (Civil M.A.) | Filed against the company by Weikfield Products Corporation LLP | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Seashell Logistics Private Limited and 1 other | Disposed |
| NCLT, Mumbai | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Belaire Hotels 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.
Credit ratings & regulatory alerts
Belaire Hotels Private Limited was last rated by Icra on 22 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 22 Jul 2021 |
To see the full credit ratings and regulatory alerts of Belaire Hotels Private Limited, buy the company report.
MSME payment delays
Belaire Hotels Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2020, listing 325 overdue payments to 46 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 46)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| L & L Partners | |||
| MPG & Associates LLP | |||
| an individual supplier | |||
| Modern Dairy |
To see the full MSME payment records of Belaire Hotels Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Belaire Hotels Private Limited has a workforce of 174 employees on its EPFO records as of Apr 09, 2024, across 2 active EPFO establishments.
GST
Belaire Hotels has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCB1851C1Z5 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Belaire Hotels Private Limited, buy the company report.
Recent activity
Belaire Hotels Private Limited has 25 board changes on record since 2008: 3 appointments and 22 cessations. The latest: Milind Wadekar ceased to be Additional Director on 16 Jun 2021.
20 earlier events are in the company report.
News
Frequently asked questions
Belaire Hotels has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Belaire Hotels was a private limited company based in Mumbai, Maharashtra, India. The company worked in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 14 May 2007 and is registered under CIN U55101MH2007PTC170789. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Belaire Hotels was incorporated on 14 May 2007. It is registered with the Registrar of Companies, Mumbai.
Belaire Hotels had 3 directors:
- Sanjay Sethi - Director
- Milind Wadekar - Director
- Karuna Nasta - Director
The CIN (Corporate Identification Number) of Belaire Hotels is U55101MH2007PTC170789. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Belaire Hotels is at 4th Floor Raheja Tower Plot No. C – 30 Block G Bandra Kurla Complex Bandra East, Mumbai, Maharashtra, India – 400051.
Belaire Hotels can be reached through the website chalethotels.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Belaire Hotels on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 15 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Belaire Hotels is 27AADCB1851C1Z5, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Belaire Hotels operated in the travel and hospitality industry, in the hotel and accommodation services segment.
Belaire Hotels has 13 deals on record (4 rights issues, 4 secondary share transfers, 3 convertible or debt financings), with disclosed funding of ₹98.51 Cr; the latest was in February 2020.
The peers of Belaire Hotels by revenue are Starex Developers Private Limited, 3B Infrastructure Private Limited, Anisha Builders & Developers Pvt Ltd, Vishwaratna Hotel Private Limited, Vijayawada Hospitalities Private Limited and 2 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.).
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