MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-WB-18-0000241
Choicest Enterprises Ltd
Choicest Enterprises Ltd - travel and hospitality in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹173.88 Cr
▲ 18% YoY
Net profit · FY 2024
₹10.37 Cr
Net margin 6%
EBITDA · FY 2024
₹42.52 Cr
EBITDA margin 24.5%
Authorised capital
₹25 Cr
Registered with MCA
Paid-up capital
₹8.85 Cr
Issued & subscribed
Open charges
₹157.23 Cr
Satisfied ₹208.64 Cr
Company age
43 yrs
Est. 1983
Employees · EPFO
687
Provident fund records
About Choicest Enterprises Ltd
Data last updated:
Choicest Enterprises Ltd is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Ambuja Neotia Holdings Private Limited. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 10 March 1983 and has been in existence for over 43 years.
Its director Harshvardhan Neotia and family are #590 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51109WB1983PLC036021. Its GSTIN is 19AABCC5005F1Z3 (West Bengal). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹8.85 Cr. It was formerly known as Choicest Construction Private Limited. It is led by directors including Nitin Kohli (Whole-Time Director) and Paroma Neotia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ecospace Business Park Block – 4B 3rd Floor, Premises No. Iif/11 Action Area – II New Town Kolkata – 700160, West Bengal, India – 700160.
As per the financials filed for FY 2024, the company reported a revenue of ₹173.88 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹10.37 Cr (net margin 6%) and EBITDA of ₹42.52 Cr (EBITDA margin 24.5%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 9% over five years.
The company has about 687 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 1 brand: The Tea Junction. As per MCA filings, the company has open charges of ₹157.23 Cr and satisfied charges of ₹208.64 Cr on record. Court records list 8 cases involving the company, including 7 filed by the company and 1 filed against it; 3 cases are pending. The company has 15 deals on record (8 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹28.34 Cr; the latest was in June 2022.
Choicest Enterprises Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-18-0000241). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U51109WB1983PLC036021
Registration Number 036021
Incorporation Date 10 March 1983
ROC Kolkata
Listing Status Unlisted
Company Status Active
Parent Company Ambuja Neotia Holdings Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-WB-18-0000241
CIN history
Choicest Enterprises has one previous CIN (Corporate Identification Number): U99999WB1983PLC036021. The current CIN is U51109WB1983PLC036021, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109WB1983PLC036021 | Current |
| U99999WB1983PLC036021 | Previous |
Key People
Nitin Kohli Whole-Time Director Paroma Neotia Whole-Time Director Umang Vikram Jain Additional Director Recognitions & Rankings of Choicest Enterprises
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #590 Harshvardhan Neotia & family ₹5,700 Cr
Contact details
Choicest Enterprises Ltd's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressEcospace Business Park Block – 4B 3rd Floor, Premises No. Iif/11 Action Area – II New Town Kolkata – 700160, West Bengal, India – 700160
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Choicest Enterprises Ltd, buy the company report.
Comprehensive company report
Choicest Enterprises Ltd - 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
Choicest Enterprises operates one associated brand: The Tea Junction. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates as a chain of tea cafes offering quality beverages. | theteajunction.co.in |
Business activity
The main business activity of Choicest Enterprises is accommodation and food service. In detail, this covers food and beverage services provided by hotels, restaurants, caterers, etc. and accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. | |
| 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 Choicest Enterprises Ltd, buy the company report.
Financials of Choicest Enterprises Ltd
FY 2024 filings availableChoicest Enterprises Ltd reported revenue of ₹173.88 Cr (up 18% YoY) for FY 2024.
Revenue · FY 2024
₹173.88 Cr ▲ 18%
Net profit · FY 2024
₹10.37 Cr margin 6%
EBITDA · FY 2024
₹42.52 Cr margin 24.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 33%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 82%
5 years · compounded
▲ 48%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 18% growth in the latest year. EBITDA rose 8% 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 |
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| EBITDA | ₹42.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.37 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 24.5% | ||||
| Net Profit Margin | 6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Choicest Enterprises Ltd, buy the company report.
Board of directors of Choicest Enterprises Ltd
Choicest Enterprises has 7 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Umang Vikram Jain Also directs: Skyroof Builders Limited, Arhant Consulting Private Limited, Manmohan and Sons Pvt Ltd and 3 more | Additional Director | 30 Mar 2025 | 1 Years 7 Months | Current |
| Nitin Kohli Also directs: City Tea Junction Private Limited, Rajscape Resorts Private Limited, Bistro Hotels Private Limited and 2 more | Whole-Time Director | 23 Mar 2018 | 8 Years 7 Months | Current |
| Giriraj Damani Also directs: Ambuja Neotia Hotel Ventures Limited, Bahdl Hospitality Limited, City Tea Junction Private Limited and 5 more | Nominee Director | 17 Mar 2022 | 4 Years 7 Months | Current |
| Sujit Poddar | Director | 29 Dec 1997 | 28 Years 10 Months | Current |
| Harshavardhan Neotia Also directs: JK Paper Limited, Ganesh Realty and Mall Development Private Limited, Bengal Ambuja Metro Development Limited and 5 more | Director | 10 Mar 1983 | 43 Years 8 Months | Current |
| Naresh Kumar Jain | Director | 21 Mar 2016 | 10 Years 7 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Choicest Enterprises Ltd is audited by Singhi & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Singhi & Co. | FY 2023 | 302049E |
Shareholding
The shareholding of Choicest Enterprises Ltd 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 Choicest Enterprises Ltd, buy the company report.
Charges & borrowings
Open charges
₹157.23 Cr
Satisfied charges
₹208.64 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Jul 2024 | 100959529 | Axis Bank Limited | ₹92 Lakh | Open | |
| 15 Dec 2023 | 100842211 | State Bank of India | ₹124.56 Cr | Open | |
| 25 Feb 2022 | 100547936 | Others | ₹31.75 Cr | Open | |
| 13 Jul 2023 | 100755066 | Others | ₹2.32 Cr | Satisfied | |
| 30 Sep 2021 | 100500446 | Others | ₹7.65 Cr | Satisfied |
To see the full charge records of Choicest Enterprises Ltd, buy the company report.
Total charge records: 17 View all charges
Deals & funding
Choicest Enterprises Ltd has 15 deals on record (8 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹28.34 Cr; the latest was in June 2022.
Total deals
15
Secondary share transfers
8
Funding rounds
4
Rights issues
2
Debt financing
1
Disclosed funding
₹28.34 Cr
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: Ambuja Neotia Holdings Private Limited , an individual Seller: Govind Commercial Co Ltd , Ambuja Neotia Holdings Private Limited & Bulaki Mundhra |
| Jun 2019 | Debt financing | ₹3.52 Cr | Investors: Ambuja Neotia Holdings Private Limited |
| Jun 2019 | Funding round | ₹7.62 Cr | Investors: Ambuja Neotia Holdings Private Limited , Govind Commercial Co Ltd , 2 individuals |
| Jun 2016 | Rights issue | ₹4.9 Cr | Investors: Ambuja Neotia Holdings Private Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Ambuja Neotia Holdings Private Limited Seller: Govind Commercial Co Ltd , Likhami Commercial Company Limited |
To see the full deal history of Choicest Enterprises Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Choicest Enterprises Ltd has 8 court cases on record: 7 filed by Choicest Enterprises, 1 filed against it. 3 cases are pending and 5 are disposed.
Total cases
8
Filed by the company
7
Filed against the company
1
Pending
3
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
| High courts | 3 | 1 | 3 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (COMIP) | Filed against the company by Phonographic Performance Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Ibfw Retail Private Limited | Disposed |
| High Court, West Bengal | Court case (ITAT) | Filed by the company against Assistant Commissioner of Income Tax, Circle-7, Kolkata | Pending |
| High Court | Tax appeal | Filed by the company against Commissioner of Income Tax, Kolkata - III | Pending |
| NCLT, Kolkata | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Choicest Enterprises Ltd, 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
Choicest Enterprises Ltd was last rated by Care on 01 Oct 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 01 Oct 2021 |
To see the full credit ratings and regulatory alerts of Choicest Enterprises Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Choicest Enterprises Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Choicest Enterprises has 3 subsidiary companies and 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
3
Subsidiary companies
2
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| City Tea Junction Private Limited | U52200WB2008PTC126980 | |
| Enrico Tea and Snacks Bar Private Limited | U55201WB2008PTC126158 | |
| Neostory Production House Limited | U92120WB2007PLC119017 |
To see the full group structure of Choicest Enterprises Ltd, buy the company report.
Employees & EPFO
Choicest Enterprises Ltd has a workforce of 687 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
687
Active EPFO establishments
1
Employee growth
-50.1%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 687 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Choicest Enterprises Ltd, buy the company report.
GST
Choicest Enterprises has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCC5005F1Z3 | West Bengal | Active | 01 Jul 2017 |
| 22AABCC5005F1ZG | Chhattisgarh | Active | 01 Jul 2017 |
| 10AABCC5005F1ZL | Bihar | Active | 20 Oct 2022 |
To see the full GST registrations and return filing status of Choicest Enterprises Ltd, buy the company report.
Recent activity
Choicest Enterprises Ltd has 23 board changes on record since 1983: 10 appointments and 13 cessations. The latest: Umang Vikram Jain was appointed as Additional Director on 30 Mar 2025.
Charges
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.
Appointed
Umang Vikram Jain was appointed as Additional Director.
Charges
A charge registered on 13 Jul 2023 via Charge ID 100755066 with Others was fully satisfied on 11 Mar 2025.
Charges
A charge registered on 28 Dec 2020 via Charge ID 100407210 with Others was fully satisfied on 06 Feb 2025.
Charges
A charge with Others of Rs. 31.75 Cr registered on 25 Feb 2022 with Charge ID 100547936 was modified on 24 Dec 2024.
AGM
Choicest Enterprises Ltd last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.92 Cr with Charge ID 100959529 was registered on 26 Jul 2024.
Filing
Choicest Enterprises Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kolkata.
Charges
A charge with Others of Rs. 2.32 Cr registered on 13 Jul 2023 with Charge ID 100755066 was modified on 26 Mar 2024.
Charges
A charge registered on 30 Sep 2021 via Charge ID 100500446 with Others was fully satisfied on 05 Feb 2024.
Charges
A charge registered on 24 Dec 2019 via Charge ID 100316424 with Others was fully satisfied on 05 Feb 2024.
Charges
A charge with State Bank Of India amounted to Rs. 124.56 Cr with Charge ID 100842211 was registered on 15 Dec 2023.
57 earlier events are in the company report.
Frequently asked questions
Choicest Enterprises is an active public limited company based in Kolkata, West Bengal, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 10 March 1983 (43+ years old) and is registered under CIN U51109WB1983PLC036021.
Choicest Enterprises has 7 current directors:
- Nitin Kohli - Whole-Time Director
- Paroma Neotia - Whole-Time Director
- Umang Vikram Jain - Additional Director
- Giriraj Damani - Nominee Director
- Sujit Poddar - Director
- Harshavardhan Neotia - Director
- Naresh Kumar Jain - Director
The latest financial statements of Choicest Enterprises on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Choicest Enterprises is 19AABCC5005F1Z3, registered in West Bengal. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 22AABCC5005F1ZG (Chhattisgarh), 10AABCC5005F1ZL (Bihar).
The CIN (Corporate Identification Number) of Choicest Enterprises is U51109WB1983PLC036021. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Choicest Enterprises has 8 court cases on record: 7 filed by the company and 1 filed against it. 3 are pending. Most are in the district courts.
Choicest Enterprises was incorporated on 10 March 1983, making it 43+ years old. It is registered with the Registrar of Companies, Kolkata.
Choicest Enterprises has 15 deals on record (8 secondary share transfers, 4 funding rounds, 2 rights issues), with disclosed funding of ₹28.34 Cr; the latest was in June 2022.
Umang Vikram Jain was appointed as Additional Director on 30 Mar 2025. Paroma Neotia was appointed as Whole-Time Director on 01 Jun 2023. Paroma Neotia ceased to be Additional Director on 01 Jun 2023. Choicest Enterprises has 23 board changes on record in total.
Yes, Choicest Enterprises is registered as a medium enterprise under Udyam registration (number: UDYAM-WB-18-0000241).
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