About Citymax Hotels (India) Private Limited
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Citymax Hotels (India) Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Landmark Hospitality Services Limited. It operates in the restaurants and dining services segment of the travel and hospitality sector. It was incorporated on 16 September 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U55101KA2005PTC037255. Its GSTIN is 29AACCC7765R1ZP (Karnataka). The company holds 20 GST registrations, of which 13 are active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹39.52 Cr. It is led by directors Shitalkumar Vinodray Mehta and Tarun Rangwani.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹252.06 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹68.46 Cr (net margin 27.2%) and EBITDA of ₹112.26 Cr (EBITDA margin 44.5%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 5% over five years.
The company has about 957 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹25 Cr and satisfied charges of ₹155.04 Cr on record. Court records list 62 cases involving the company, including 52 filed by the company and 10 filed against it; 6 cases are pending. The company has 15 deals on record (6 funding rounds, 5 secondary share transfers, 4 rights issues), with disclosed funding of ₹132.98 Cr; the latest was in September 2023. The company has 10 MSME Form 1 returns on record between 2019 and 2024, listing 314 overdue payments to 56 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website krispykremeindia.in.
Company details
Contact details
Citymax Hotels (India) Private Limited's registered office is in Bangalore, Karnataka. Its website is krispykremeindia.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3rd Floor 77 Town Centre Building No.3 West Wing Off Hal Airport Road Yamlur, P.O., Bangalore, Karnataka, India – 560037
- IndustryTravel and Hospitality, Restaurants & Dining Services
To see the full contact details of Citymax Hotels (India) 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 activities of Citymax Hotels (India) are arts, entertainment and recreation and accommodation and food service. In detail, this covers sports, amusement and recreation activities and food and beverage services provided by hotels, restaurants, caterers, etc.. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R4 | Sports, amusement and recreation activities | |
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. |
To see the full business activity and turnover split of Citymax Hotels (India) Private Limited, buy the company report.
Financials of Citymax Hotels (India) Private Limited
FY 2025 filings availableCitymax Hotels (India) Private Limited reported revenue of ₹252.06 Cr (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA rose 29% 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 | ₹112.26 Cr | ||||
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| Net Profit (PAT) | ₹68.46 Cr | ||||
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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 | 44.5% | ||||
| Net Profit Margin | 27.2% | ||||
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To see the full financial statements and ratios of Citymax Hotels (India) Private Limited, buy the company report.
Board of directors of Citymax Hotels (India) Private Limited
Citymax Hotels (India) has 2 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shitalkumar Vinodray Mehta | Director | 30 Jun 2020 | 6 Years 4 Months | Current |
| Tarun Rangwani Also directs: Wealthswan Solutions LLP | Director | 03 Jan 2025 | 1 Years 10 Months | Current |
Auditor
Citymax Hotels (India) Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Citymax Hotels (India) 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 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 Citymax Hotels (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Dec 2017 | 100173401 | Hdfc Bank Limited | ₹5 Cr | Open | |
| 03 Jun 2013 | 10434053 | The Hongkong and Shanghai Banking Corporation Limited | ₹20 Cr | Open | |
| 20 Dec 2023 | 100836411 | Hdfc Bank Limited | ₹30 Cr | Satisfied | |
| 22 Nov 2019 | 100307984 | Hdfc Bank Limited | ₹40 Cr | Satisfied | |
| 21 Sep 2019 | 100291521 | Hdfc Bank Limited | ₹15 Cr | Satisfied |
To see the full charge records of Citymax Hotels (India) Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Citymax Hotels (India) Private Limited has 15 deals on record (6 funding rounds, 5 secondary share transfers, 4 rights issues), with disclosed funding of ₹132.98 Cr; the latest was in September 2023.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2021 | Rights issue | ₹28.75 Cr | Investors: Landmark Hospitality Services Limited |
| Apr 2020 | Rights issue | ₹76.64 Cr | Investors: Landmark Hospitality Services Limited |
| Dec 2017 | Rights issue | ₹17.2 Cr | Investors: Landmark Hospitality Services Limited |
To see the full deal history of Citymax Hotels (India) 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
Citymax Hotels (India) Private Limited has 62 court cases on record: 52 filed by Citymax Hotels (India), 10 filed against it. 6 cases are pending and 56 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 50 | 4 | 3 |
| District courts | 11 | 5 | 2 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 62)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2405-Indirect Taxation : Service Tax) | Filed against the company by Lifestyle International Pvt.Ltd. | Pending |
| High Court of Delhi | Court case (O.M.P.(I)) | Filed against the company by Hamir Real Estate Pvt. Ltd. | Disposed |
| High Court of Delhi | Court case (O.M.P.(I)) | Filed by the company against M/S Hamir Real Estate Pvt. Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Boiling Point Communications Pvt Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against an individual | Pending |
To see the full case history of Citymax Hotels (India) 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
Citymax Hotels (India) Private Limited was last rated by Care on 06 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Apr 2022 |
To see the full credit ratings and regulatory alerts of Citymax Hotels (India) Private Limited, buy the company report.
MSME payment delays
Citymax Hotels (India) Private Limited has 10 MSME Form 1 returns on record between 2019 and 2024, listing 314 overdue payments to 56 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 56)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Poshampaa Innovators and Manufacturers | |||
| Bala Myntra Solution | |||
| Zee Footwears Private Limited | |||
| Circle E Retail Private Limited | |||
| Foodies Pack |
To see the full MSME payment records of Citymax Hotels (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Citymax Hotels (India) Private Limited has a workforce of 957 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
Citymax Hotels (India) has 20 GST registrations: 13 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCC7765R1ZP | Karnataka | Active | 01 Jul 2017 |
| 29AACCC7765R3ZN | Karnataka | Active | 18 Aug 2017 |
| 03AACCC7765R2Z2 | Punjab | Active | 01 Jul 2017 |
| 04AACCC7765R1Z1 | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Citymax Hotels (India) Private Limited, buy the company report.
Recent activity
Citymax Hotels (India) Private Limited has 19 board changes on record since 2008: 2 appointments and 17 cessations. The latest: Tarun Rangwani ceased to be Additional Director on 28 Sep 2025.
27 earlier events are in the company report.
Frequently asked questions
Citymax Hotels (India) is an active private limited company based in Bangalore, Karnataka, India. The company works in restaurants and dining services, within the travel and hospitality industry. It was incorporated on 16 September 2005 (21+ years old) and is registered under CIN U55101KA2005PTC037255.
Citymax Hotels (India) has 2 current directors:
- Shitalkumar Vinodray Mehta - Director
- Tarun Rangwani - Director
The latest financial statements of Citymax Hotels (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Citymax Hotels (India) is 29AACCC7765R1ZP, registered in Karnataka. The company has 20 GST registrations in all, of which 13 are active and 7 are cancelled or inactive. Other active GSTINs include 29AACCC7765R3ZN (Karnataka), 03AACCC7765R2Z2 (Punjab), 04AACCC7765R1Z1 (Chandigarh).
The CIN (Corporate Identification Number) of Citymax Hotels (India) is U55101KA2005PTC037255. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Citymax Hotels (India) has 62 court cases on record: 52 filed by the company and 10 filed against it. 6 are pending. Most are in the high courts.
Citymax Hotels (India) was incorporated on 16 September 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Citymax Hotels (India) has 15 deals on record (6 funding rounds, 5 secondary share transfers, 4 rights issues), with disclosed funding of ₹132.98 Cr; the latest was in September 2023.
Tarun Rangwani ceased to be Additional Director on 28 Sep 2025. Tarun Rangwani was appointed as Director on 03 Jan 2025. Shitalkumar Vinodray Mehta ceased to be Additional Director on 01 Oct 2020. Citymax Hotels (India) has 19 board changes on record in total.
Citymax Hotels (India) has 10 MSME Form 1 returns on record between 2019 and 2024, listing 314 overdue payments to 56 micro and small suppliers. The latest return was filed on 01 May 2024.
Citymax Hotels (India) can be reached through the website krispykremeindia.in. Its registered office is in Bangalore, Karnataka, India.
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