Choicest Enterprises Ltd - Company Profile

It is a travel and hospitality public limited company based in North 24 Parganas, West Bengal, India, established in 1983.
1983 North 24 Parganas, West Bengal, India Active
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About Choicest Enterprises Ltd

Choicest Enterprises Ltd, a active public limited company, was established on 10 March 1983 in North 24 Parganas, West Bengal, India. Engaging in hotel & accommodation services within the accommodation and food service sector, it holds CIN: U51109WB1983PLC036021. Registered under ROC Roc Kolkata. it is unlisted. It has an authorized capital of ₹25.00 Cr and a paid-up capital of ₹8.85 Cr.

Formerly known as Choicest Construction Private Limited. It upholds a compliant status. Employing 842 professional, Its leadership includes Umang Vikram Jain (Additional Director), Nitin Kohli (Whole-Time Director), Giriraj Damani (Nominee Director). Past directors included Pradeep Lal Mehta, Niraj Kumar Agrawal, Vivek Vikram Jain. It holds ₹157.23 Cr open charges and ₹208.64 Cr settled loans. Its latest AGM occurred on 28 September 2024, with the balance sheet filed on 31 March 2024. It is based at Ecospace Business Park, Block - 4B, 3Rd Floor,, Premises No. Iif/11, Action Area - Ii, New Town, Kolkata - 700160, North 24 Parganas, West Bengal, 700160.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U51109WB1983PLC036021

  • Registration Number

    036021

  • Incorporation Date

    10 March 1983

  • Authorized Capital

    ₹25.00 Cr

  • Paid-Up Capital

    ₹8.85 Cr

  • ROC Code

    Roc Kolkata

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 25.00 Cr
  • Paid Up Capital ₹ 8.85 Cr
  • Company Age 42 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 157.23 Cr
  • Satisfied Charges ₹ 208.64 Cr
  • Revenue Growth **** 39.67%
  • Profit Growth **** 690.83%
  • Ebitda **** 287.25%
  • Net Worth 8.90%
  • Total Assets **** 8.98%
Company report

Choicest Enterprises Ltd

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Choicest Enterprises Ltd — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Choicest Enterprises Ltd?
Current Directors
Name Designation Appointment Date Status
Umang Vikram Jain Additional Director 30 Mar 2025 Current
Nitin Kohli Whole-Time Director 23 Mar 2018 Current
Giriraj Damani Nominee Director 17 Mar 2022 Current
Sujit Poddar Director 29 Dec 1997 Current
Harshavardhan Neotia Director 10 Mar 1983 Current
Naresh Kumar Jain Director 21 Mar 2016 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 30 Sep 2014 Past
Pramod Abcsdd Director 20 Mar 2015 Past
Pramod Abcsdd Additional Director 24 Sep 2015 Past
Pramod Abcsdd Additional Director 28 Sep 2018 Past
Pramod Abcsdd Whole-Time Director 20 Jan 2015 Past
Pramod Abcsdd Director 04 Sep 2012 Past

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Financial Performance of Choicest Enterprises.

Choicest Enterprises Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 39.67% increase. The company also saw a substantial improvement in profitability, with a 690.83% increase in profit. The company's net worth moved up by a moderate rise of 8.9%.

Choicest Enterprises revenue growth over time
Choicest Enterprises profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 39.67%
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Revenue from Operations
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 44.29%
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Total Assets
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 8.98%
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*******
Profit or Loss
*******
 690.83%
*******
*******
*******
*******
Net Worth
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 8.90%
*******
*******
*******
*******
EBITDA
*******
 287.25%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Choicest Enterprises?

In 2023, Choicest Enterprises had a promoter holding of 58.36% and a public holding of 41.64%. The company had 3 Subsidiaries and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹1,572,300,000.00

Satisfied Charges

₹2,086,435,195.00

Charges Breakdown by Lending Institutions
  • State Bank Of India : 124.56 Cr
  • Others : 31.75 Cr
  • Axis Bank Limited : 0.92 Cr
Latest Charge Details
Date Lender Amount Status
26 Jul 2024 Axis Bank Limited ₹9.20 M Open
15 Dec 2023 State Bank Of India ₹124.56 Cr Open
25 Feb 2022 Others ₹31.75 Cr Open
13 Jul 2023 Others ₹2.32 Cr Satisfied
30 Sep 2021 Others ₹7.65 Cr Satisfied

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How Many Employees Work at Choicest Enterprises?

Choicest Enterprises has a workforce of 842 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Choicest Enterprises, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Choicest Enterprises's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Choicest Enterprises
Recent Activity within the Organization
  • Charges

    The activity A charge with State Bank Of India of Rs. 124.56 Cr registered on 15 Dec 2023 with Charge ID 100842211 was modified on 30 Jul 2025. was completed.

  • Director Appointment

    Progress on Umang Vikram Jain was appointed as a Additional Director was appointed as a Additional Director on 30 Mar 2025 & has been associated with this company since 10 months 21 days . was documented.

  • Charges

    Progress on A charge registered on 13 Jul 2023 via Charge ID 100755066 with Others was fully satisfied on 11 Mar 2025. was documented.

  • Charges

    The activity A charge registered on 28 Dec 2020 via Charge ID 100407210 with Others was fully satisfied on 06 Feb 2025. was completed.

  • Charges

    The activity A charge with Others of Rs. 31.75 Cr registered on 25 Feb 2022 with Charge ID 100547936 was modified on 24 Dec 2024. was completed.

  • Annual General Meeting

    Choicest Enterprises Ltd last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records. was recorded as a recent event.

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Frequently Asked Questions
What is the CIN of Choicest Enterprises Ltd?

The CIN of Choicest Enterprises Ltd is U51109WB1983PLC036021.

Where is Choicest Enterprises Ltd headquartered?

Choicest Enterprises Ltd is headquartered at Ecospace Business Park, Block - 4B, 3Rd Floor,, Premises No. Iif/11, Action Area - Ii, New Town, Kolkata - 700160, North 24 Parganas, West Bengal, 700160.

When was Choicest Enterprises Ltd incorporated?

Choicest Enterprises Ltd was incorporated on 10 March 1983.

Who are the current directors of Choicest Enterprises Ltd?

The current directors of Choicest Enterprises Ltd are

What is the primary industry of Choicest Enterprises Ltd?

The primary industry of Choicest Enterprises Ltd is Accommodation And Food Service.

Is Choicest Enterprises Ltd a listed company?

Choicest Enterprises Ltd is unlisted.

What is the capital structure of Choicest Enterprises Ltd?

The authorized capital of Choicest Enterprises Ltd is ₹25.00 Cr, and the paid-up capital is ₹8.85 Cr.

What is the compliance status of Choicest Enterprises Ltd?

The compliance status of Choicest Enterprises Ltd is Compliant.

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