About Blue Horizon Hotels Private Limited
Data last updated:
Blue Horizon Hotels Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 03 January 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U55101KA2007PTC041367. Its GSTIN is 29AADCB0659C2ZW (Karnataka). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹85 Cr and a paid-up capital of ₹80 Cr. It is led by directors including Ampalli Vasudevaraju Nitin Raju (Managing Director) and Shashikanth Nadig.
Its last annual general meeting (AGM) was held on 25 March 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 172/1 Srinivasa Industrial Estate Bilekahalli Bannerghatta Road, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2024, the company reported a revenue of ₹151.59 Cr, a growth of 85% compared to the previous year. For the same year it recorded a net profit of ₹59.08 Cr (net margin 39%) and EBITDA of ₹126.98 Cr (EBITDA margin 83.8%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years and 18% over five years.
The company is associated with 2 brands: Blue Horizon Hotels and Vega City Mall. As per MCA filings, the company has open charges of ₹683 Cr and satisfied charges of ₹2,011 Cr on record. Court records list 64 cases involving the company, including 19 filed by the company and 45 filed against it; 7 cases are pending. The company has 3 deals on record (1 funding round, 1 debt financing, 1 secondary share transfer), with disclosed funding of ₹732.99 Cr; the latest was in October 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vegacitymall.com.
Company details
Contact details
Blue Horizon Hotels Private Limited's registered office is in Bangalore, Karnataka. Its website is vegacitymall.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 172/1 Srinivasa Industrial Estate Bilekahalli Bannerghatta Road, Bangalore, Karnataka, India – 560076
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Blue Horizon 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
Brands
Blue Horizon Hotels operates two associated brands: Blue Horizon Hotels and Vega City Mall. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates a chain of boutique hotels with personalized guest experiences. | bluehorizonhotels.com | |
| A shopping and entertainment mall in Bangalore providing retail, dining, and leisure services. | vegacitymall.com |
Business activity
The main business activity of Blue Horizon Hotels is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Blue Horizon Hotels Private Limited, buy the company report.
Financials of Blue Horizon Hotels Private Limited
FY 2024 filings availableBlue Horizon Hotels Private Limited reported revenue of ₹151.59 Cr (up 85% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 85% growth in the latest year. EBITDA rose 139% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹126.98 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹59.08 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 83.8% | ||||
| Net Profit Margin | 39% | ||||
| 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 Blue Horizon Hotels Private Limited, buy the company report.
Board of directors and KMP of Blue Horizon Hotels Private Limited
Blue Horizon Hotels Private Limited currently reports 4 directors and 1 key managerial person. 5 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashikanth Nadig | Additional Director | 16 May 2023 | 3 Years 5 Months | Current |
| Bangalore Vijay Kumar Shruthi | Additional Director | 16 May 2023 | 3 Years 5 Months | Current |
| Ampalli Vasu Devaraju Sachin Raju | Cfo | 16 May 2023 | 3 Years 5 Months | Current |
| Ampalli Chandrasekharaju Srinivasa Raju | Additional Director | 20 Mar 2023 | 3 Years 7 Months | Current |
| Ampalli Vasudevaraju Nitin Raju | Managing Director | 10 Feb 2018 | 8 Years 8 Months | Current |
Auditor
Blue Horizon Hotels Private Limited is audited by Shreesha and Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shreesha and Co | FY 2023 | 016359S |
Shareholding
The shareholding of Blue Horizon Hotels 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 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 Blue Horizon Hotels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Oct 2020 | 100399407 | Others | ₹653 Cr | Satisfied | |
| 11 Jun 2019 | 100282517 | Others | ₹30 Cr | Satisfied | |
| 15 Feb 2019 | 100265427 | Others | ₹181 Cr | Satisfied | |
| 15 Feb 2019 | 100265429 | Others | ₹382 Cr | Satisfied | |
| 28 May 2015 | 10589306 | Idbi Trusteeship Services Limited | ₹38.25 Cr | Satisfied |
To see the full charge records of Blue Horizon Hotels Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Blue Horizon Hotels Private Limited has 3 deals on record (1 funding round, 1 debt financing, 1 secondary share transfer), with disclosed funding of ₹732.99 Cr; the latest was in October 2020.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2020 | Debt financing | ₹653 Cr | Investors: Edelweiss Real Estate Advisors |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| May 2012 | Funding round | ₹79.99 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Blue Horizon Hotels Private Limited has 64 court cases on record: 19 filed by Blue Horizon Hotels, 45 filed against it. 7 cases are pending and 57 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 37 | 20 | 5 |
| District courts | 26 | 24 | 2 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 64)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Arbitration matter | Filed against the company by M/S Gaurav Rose Real Estate Pvt Ltd | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against M/S. Gaurav Rose Real Estate Private Limited and 4 others | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S G.K.Ispat Pvt Ltd | Pending |
| High Court of Karnataka | Court case (RP) | Filed by the company against M/S Gaurav Rose Real Estate Private Limited and 1 other | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against M/S Gaurav Rose Real Estate Private Limited and 4 others | Disposed |
To see the full case history of Blue Horizon 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Blue Horizon Hotels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Blue Horizon Hotels has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCB0659C2ZW | Karnataka | Active | 01 Jul 2017 |
| 29AADCB0659C3ZV | Karnataka | Active | 02 Mar 2021 |
To see the full GST registrations and return filing status of Blue Horizon Hotels Private Limited, buy the company report.
Recent activity
Blue Horizon Hotels Private Limited has 10 board changes on record since 2014: 5 appointments and 5 cessations. The latest: Ramprasad Nagaraj Madhugiri ceased to be Company Secretary on 31 Dec 2023.
21 earlier events are in the company report.
Frequently asked questions
Blue Horizon Hotels is an active private limited company based in Bangalore, Karnataka, India. The company works in real estate financing, within the financial services industry. It was incorporated on 03 January 2007 (19+ years old) and is registered under CIN U55101KA2007PTC041367.
Blue Horizon Hotels has 5 current directors and KMP:
- Ampalli Vasudevaraju Nitin Raju - Managing Director
- Shashikanth Nadig - Additional Director
- Bangalore Vijay Kumar Shruthi - Additional Director
- Ampalli Chandrasekharaju Srinivasa Raju - Additional Director
- Ampalli Vasu Devaraju Sachin Raju - Cfo
The latest financial statements of Blue Horizon Hotels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 25 March 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Blue Horizon Hotels is 29AADCB0659C2ZW, registered in Karnataka. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AADCB0659C3ZV (Karnataka).
The CIN (Corporate Identification Number) of Blue Horizon Hotels is U55101KA2007PTC041367. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blue Horizon Hotels has 64 court cases on record: 19 filed by the company and 45 filed against it. 7 are pending. Most are in the high courts.
Blue Horizon Hotels was incorporated on 03 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
Blue Horizon Hotels has 3 deals on record (1 funding round, 1 debt financing, 1 secondary share transfer), with disclosed funding of ₹732.99 Cr; the latest was in October 2020.
Ramprasad Nagaraj Madhugiri ceased to be Company Secretary on 31 Dec 2023. Ampalli Vasu Devaraju Sachin Raju was appointed as CFO on 16 May 2023. Bangalore Vijay Kumar Shruthi was appointed as Additional Director on 16 May 2023. Blue Horizon Hotels has 10 board changes on record in total.
Blue Horizon Hotels can be reached through the website vegacitymall.com. Its registered office is in Bangalore, Karnataka, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
