Candolim Developers Private Limited
About Candolim Developers Private Limited
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Candolim Developers Private Limited is a private limited company based in Candolim, Goa, India. It operates in the accommodation services by hotel segment of the tourism and accommodation sector. It was incorporated on 11 December 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U70101GA1992PTC001308.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹8.2 Lakh. It is led by directors Amita Grover (Managing Director) and Sahil Grover.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Candolim, Goa.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.81 Lakh, a growth of 50% compared to the previous year. For the same year it recorded a net loss of ₹13,558 (net margin -3.6%) and EBITDA of -₹3,513 (EBITDA margin -0.9%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 4% over five years.
Court records list 15 cases involving the company, including 5 filed by the company and 10 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Candolim Developers Private Limited's registered office is in Candolim, Goa. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB – 201 Perola Do Mar Resorts Opp Primary Health Centre Main Chogm Ro, Ad, Candolim, Goa, India – 403515
- IndustryTourism And Accommodation, Accommodation Services By Hotel, Holiday Homes, Resorts, Hostel, Inns
To see the full contact details of Candolim Developers 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 Candolim Developers 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 Candolim Developers Private Limited, buy the company report.
Financials of Candolim Developers Private Limited
FY 2025 filings availableCandolim Developers Private Limited reported revenue of ₹3.81 Lakh (up 50% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 50% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 4%. EBITDA fell 138% 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 |
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| EBITDA | -₹3,513 | ||||
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| Net Profit (PAT) | -₹13,558 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -0.9% | ||||
| Net Profit Margin | -3.6% | ||||
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To see the full financial statements and ratios of Candolim Developers Private Limited, buy the company report.
Board of directors of Candolim Developers Private Limited
Candolim Developers has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amita Grover | Managing Director | 23 Nov 1999 | 26 Years 11 Months | Current |
| Sahil Grover | Director | 23 Nov 1999 | 26 Years 11 Months | Current |
Peer comparison
Candolim Developers Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Akg Home Build Private Limited | ₹3.84 Lakh (FY 2025) | 5.0% | Delhi, India | |||
| Indigo Hotels Pvt Ltd | ₹3.84 Lakh (FY 2025) | -44.0% | Pune, Maharashtra, India | |||
| Gyan Jaipur Private Limited | ₹3.84 Lakh (FY 2025) | 6.0% | Jaipur, Rajasthan, India | |||
| Hridaansh Foods and Beverages Private Limited | ₹3.81 Lakh (FY 2024) | 11.0% | Bhubaneswar, Odisha, India | |||
| Rajbindra Hospitality Private Limited | ₹3.81 Lakh (FY 2024) | 97.0% | Ghaziabad, Uttar Pradesh, India | |||
| Candolim Developers Private Limitedthis company | ₹3.81 Lakh (FY 2025) | -₹13,558 | -3.6% | 50.0% | Candolim, Goa, India | |
| Goyal Buildestate Private Limited | ₹3.8 Lakh (FY 2025) | -96.0% | Jaipur, Rajasthan, India | |||
| Devatva Hospitality Private Limited | ₹3.8 Lakh (FY 2024) | -15.0% | Rishikesh, Uttarakhand, India | |||
| Rajsamand Lake View Hotel Private Limited | ₹3.78 Lakh (FY 2025) | -25.0% | Rajsamand, Rajasthan, India | |||
| Team Yathri India Private Limited | ₹3.78 Lakh (FY 2022) | 286.0% | Ernakulam, Kerala, India | |||
| Sri Ramachandra Hotels Limited | ₹3.78 Lakh (FY 2025) | Hyderabad, Telangana, India |
To see the full peer comparison of Candolim Developers Private Limited, buy the company report.
Auditor
Candolim Developers Private Limited is audited by MILIND KULKARNI & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MILIND KULKARNI & ASSOCIATES | FY 2017 | 120997W |
Shareholding
The shareholding of Candolim Developers Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Candolim Developers Private Limited, buy the company report.
Legal cases
Candolim Developers Private Limited has 15 court cases on record: 5 filed by Candolim Developers, 10 filed against it. 2 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 7 | 0 |
| District courts | 2 | 1 | 1 |
| Supreme Court | 2 | 2 | 1 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0905-Civil Law : Any matter arising out of Civil suit/proceedings, which is not covered in any of the above categories) | Filed against the company by an individual | Pending |
| District court, North Goa, Goa | Appeal | Filed by the company against individuals | Pending |
| Bombay High Court | Appeal | Filed by the company against an individual | Disposed |
| Bombay High Court | Court case (MCA) | Filed by the company against an individual | Disposed |
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by an individual | Disposed |
To see the full case history of Candolim Developers 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 Candolim Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Candolim Developers Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Candolim Developers Private Limited has 3 board changes on record since 1999: 2 appointments and 1 cessation. The latest: Baldev Raj Grover ceased to be Director on 03 Jul 2017.
Frequently asked questions
Candolim Developers is an active private limited company based in Candolim, Goa, India. The company works in accommodation services by hotel, within the tourism and accommodation industry. It was incorporated on 11 December 1992 (34+ years old) and is registered under CIN U70101GA1992PTC001308.
Candolim Developers has 2 current directors:
- Amita Grover - Managing Director
- Sahil Grover - Director
The latest financial statements of Candolim Developers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Candolim Developers is U70101GA1992PTC001308. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Candolim Developers has 15 court cases on record: 5 filed by the company and 10 filed against it. 2 are pending. Most are in the high courts.
Candolim Developers was incorporated on 11 December 1992, making it 34+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Candolim Developers by revenue are Akg Home Build Private Limited, Indigo Hotels Pvt Ltd, Gyan Jaipur Private Limited, Hridaansh Foods and Beverages Private Limited, Rajbindra Hospitality Private Limited and 5 more, all in the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Baldev Raj Grover ceased to be Director on 03 Jul 2017. Amita Grover was appointed as Managing Director on 23 Nov 1999. Sahil Grover was appointed as Director on 23 Nov 1999.
The registered office of Candolim Developers is at B – 201 Perola Do Mar Resorts Opp Primary Health Centre Main Chogm Ro, Ad, Candolim, Goa, India – 403515.
Candolim Developers operates in the tourism and accommodation industry, in the accommodation services by hotel segment.
The compliance status of Candolim Developers is compliant as of 27 July 2026. The company is actively filing with the Registrar of Companies.
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