India's Richest People 2026 edition · 1 director · Source: Hurun India
- #12 Radhakishan Damani & family ₹1,39,300 Cr
Revenue · FY 2025
₹709.22 Cr
▲ 108% YoY
Net loss · FY 2025
₹40.37 Cr
Net margin -5.7%
EBITDA · FY 2025
₹15.27 Cr
EBITDA margin 2.2%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹7.26 Cr
Issued & subscribed
Satisfied charges
₹432.5 Cr
No open charges
Company age
19 yrs
Est. 2007
Employees · EPFO
175
Provident fund records
About Derive Trading and Resorts Private Limited
Data last updated:
Derive Trading and Resorts Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 19 January 2007 and has been in existence for over 19 years.
Its director Radhakishan Damani and family are #12 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH2007PTC167149. Its GSTIN is 29AACCD5211D1Z4 (Karnataka).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹7.26 Cr. It was formerly known as Derive Trading Private Limtied. It is led by directors including Radhakishan Shivkishan Damani and Shrikanta Devi Damani.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹709.22 Cr, a growth of 108% compared to the previous year. For the same year it recorded a net loss of ₹40.37 Cr (net margin -5.7%) and EBITDA of ₹15.27 Cr (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 57% over three years and 60% over five years.
The company has about 175 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Derive Trading And Resorts. As per MCA filings, the company has satisfied charges of ₹432.5 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹7.25 Cr; the latest was in March 2007. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 6 overdue payments to 4 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 derivetrading.co.in.
Company details
CIN U55101MH2007PTC167149
Registration Number 167149
Incorporation Date 19 January 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
CIN history
Derive Trading and Resorts has one previous CIN (Corporate Identification Number): U67120MH2007PTC167149. The current CIN is U55101MH2007PTC167149, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U55101MH2007PTC167149 | Current |
| U67120MH2007PTC167149 | Previous |
Key People
Radhakishan Shivkishan Damani Director Shrikanta Devi Damani Director Manoj Mohan Bagri Director Recognitions & Rankings of Derive Trading and Resorts
Contact details
Derive Trading and Resorts Private Limited's registered office is in Mumbai, Maharashtra. Its website is derivetrading.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address7th Floor Hoechst House, Plot No 193 Block III, Mumbai, Maharashtra, India – 400021
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Derive Trading and Resorts Private Limited, buy the company report.
Comprehensive company report
Derive Trading and Resorts Private Limited - 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
Derive Trading and Resorts operates one associated brand: DERIVE TRADING AND RESORTS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Limited information available | derivetrading.co.in |
Business activity
The main business activities of Derive Trading and Resorts are accommodation and food service, financial and insurance service and trade. 4 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 | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. | |
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. | |
| K | Financial and insurance Service | K8 | Other financial activities | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Derive Trading and Resorts Private Limited, buy the company report.
Financials of Derive Trading and Resorts Private Limited
FY 2025 filings availableDerive Trading and Resorts Private Limited reported revenue of ₹709.22 Cr (up 108% YoY) for FY 2025.
Revenue · FY 2025
₹709.22 Cr ▲ 108%
Net loss · FY 2025
₹40.37 Cr margin -5.7%
EBITDA · FY 2025
₹15.27 Cr margin 2.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 108%
3 years · compounded
▲ 57%
5 years · compounded
▲ 60%
EBITDA CAGR growth
1 year
▼ 54%
3 years · compounded
▲ 50%
5 years · compounded
▲ 57%
Revenue has grown at a compounded annual rate (CAGR) of 60% over five years, including 108% growth in the latest year. EBITDA fell 54% 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 |
|---|---|---|---|---|---|
| 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 | ₹15.27 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹40.37 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.2% | ||||
| Net Profit Margin | -5.7% | ||||
| 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 Derive Trading and Resorts Private Limited, buy the company report.
Board of directors of Derive Trading and Resorts Private Limited
Derive Trading and Resorts has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Radhakishan Shivkishan Damani Also directs: Wasan Hospitality Private Limited, 7 Apple Hotels Private Limited, Mutual Growth Fund of India LLP and 5 more | Director | 22 Jan 2007 | 19 Years 9 Months | Current |
| Shrikanta Devi Damani Also directs: GSD Cements Private Limited, Bright Star Investments Private Limited, Trishala Realty Private Limited and 2 more | Director | 01 Jun 2015 | 11 Years 5 Months | Current |
| Manoj Mohan Bagri Also directs: Honey Sweets Private Limited, Oyster Commodities Private Limited, Wasan Hospitality Private Limited and 3 more | Director | 02 Feb 2016 | 10 Years 9 Months | Current |
Auditor
Derive Trading and Resorts Private Limited is audited by Banshi Jain And Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Banshi Jain And Associates | FY 2022 | 100990W |
Shareholding
The shareholding of Derive Trading and Resorts 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 Derive Trading and Resorts Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹432.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Feb 2023 | 100676249 | Others | ₹300 Cr | Satisfied | |
| 13 Jun 2015 | 10583689 | Others | ₹132.5 Cr | Satisfied |
To see the full charge records of Derive Trading and Resorts Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Derive Trading and Resorts Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹7.25 Cr; the latest was in March 2007.
Total deals
2
Funding round
1
Secondary share transfer
1
Disclosed funding
₹7.25 Cr
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2007 | Funding round | ₹7.25 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Derive Trading and Resorts Private Limited has 4 court cases on record: 2 filed by Derive Trading and Resorts, 2 filed against it. 1 case is pending and 3 are disposed.
Total cases
4
Filed by the company
2
Filed against the company
2
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
| High courts | 2 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Interim or miscellaneous application | Filed against the company by M/S Krishna Valley Power Private Limited | Disposed |
| District court, Raigad, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.WCA.B) | Filed against the company by individuals | Disposed |
| Bombay High Court | Writ petition | Filed by the company against The State of Maharashtra Through the Public Prosecutor and Anr. | Disposed |
To see the full case history of Derive Trading and Resorts 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
Derive Trading and Resorts Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 6 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Royal Uniform Tailors | |||
| Havai Home Products Private Limited |
To see the full MSME payment records of Derive Trading and Resorts Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Derive Trading and Resorts Private Limited has a workforce of 175 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
175
Active EPFO establishments
1
Employee growth
5.42%
GST
Derive Trading and Resorts has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCD5211D1Z4 | Karnataka | Active | 16 Feb 2024 |
To see the full GST registrations and return filing status of Derive Trading and Resorts Private Limited, buy the company report.
Recent activity
Derive Trading and Resorts Private Limited has 8 board changes on record since 2007: 3 appointments and 5 cessations. The latest: Pooja Girish Dandekar ceased to be Company Secretary on 05 Jun 2017.
AGM
Derive Trading And Resorts Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Derive Trading And Resorts Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 01 Feb 2023 via Charge ID 100676249 with Others was fully satisfied on 04 Sep 2024.
Charges
A charge with Others of Rs. 300.00 Cr registered on 01 Feb 2023 with Charge ID 100676249 was modified on 23 Jan 2024.
Charges
A charge with Others amounted to Rs. 300.00 Cr with Charge ID 100676249 was registered on 01 Feb 2023.
Charges
A charge registered on 13 Jun 2015 via Charge ID 10583689 with Others was fully satisfied on 17 Sep 2021.
Ceased
Pooja Girish Dandekar ceased to be Company Secretary.
Ceased
Manoj Mohan Bagri ceased to be Additional Director.
Charges
A charge with Others of Rs. 132.50 Cr registered on 13 Jun 2015 with Charge ID 10583689 was modified on 11 Mar 2016.
Appointed
Manoj Mohan Bagri was appointed as Director.
Ceased
Shrikanta Devi Damani ceased to be Additional Director.
Ceased
Gopikishan Shivkishan Damani ceased to be Director.
5 earlier events are in the company report.
Frequently asked questions
Derive Trading and Resorts is an active private limited company based in Mumbai, Maharashtra, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 19 January 2007 (19+ years old) and is registered under CIN U55101MH2007PTC167149.
Derive Trading and Resorts has 3 current directors:
- Radhakishan Shivkishan Damani - Director
- Shrikanta Devi Damani - Director
- Manoj Mohan Bagri - Director
The latest financial statements of Derive Trading and Resorts 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 GSTIN of Derive Trading and Resorts is 29AACCD5211D1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Derive Trading and Resorts is U55101MH2007PTC167149. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Derive Trading and Resorts has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Derive Trading and Resorts was incorporated on 19 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Derive Trading and Resorts has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹7.25 Cr; the latest was in March 2007.
Pooja Girish Dandekar ceased to be Company Secretary on 05 Jun 2017. Manoj Mohan Bagri ceased to be Additional Director on 30 Sep 2016. Manoj Mohan Bagri was appointed as Director on 02 Feb 2016. Derive Trading and Resorts has 8 board changes on record in total.
Derive Trading and Resorts has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 6 overdue payments to 4 micro and small suppliers. The latest return was filed on 25 Apr 2024.
Derive Trading and Resorts can be reached through the website derivetrading.co.in. Its registered office is in Mumbai, Maharashtra, India.
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