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Ghost Kitchens Private Limited - travel and hospitality in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹28.38 Cr
▼ 11% YoY
Net loss · FY 2025
₹7.73 Cr
Net margin -27.2%
EBITDA · FY 2025
-₹5.25 Cr
EBITDA margin -18.5%
Authorised capital
₹23 Lakh
Registered with MCA
Paid-up capital
₹11.1 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
3
As per MCA filings
Active GSTINs
1
GST registered
About Ghost Kitchens Private Limited
Data last updated:
Ghost Kitchens Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the restaurants and dining services segment of the travel and hospitality sector. It was incorporated on 19 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2019PTC110428. Its GSTIN is 24AAICG0425C1Z9 (Gujarat).
The company has an authorised share capital of ₹23 Lakh and a paid-up capital of ₹11.1 Lakh. It is led by directors including Karanraj Jayendrabhai Tanna (Managing Director) and Jayendra Vandravandas Tanna.
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 1005 Kalasagar 2 Nr. Prerna Tirth 1 B/H Jodhpur Gam Satelite, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹28.38 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net loss of ₹7.73 Cr (net margin -27.2%) and EBITDA of -₹5.25 Cr (EBITDA margin -18.5%). Revenue has grown at a compounded annual rate (CAGR) of 51% over five years.
Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: QSR Brands India and Ghost Kitchen India. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 6 deals on record (6 funding rounds), with disclosed funding of ₹31.87 Cr; the latest was in December 2023. Its 8 peer companies in the Consumer Services industry (Restaurants), with the same principal business activity (food and beverage services provided by hotels, restaurants, caterers, etc.) are compared by revenue, 4 larger and 4 smaller; the largest is Trofi Chain Factory Private Limited with revenue of ₹29.2 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ghostkitchensindia.com.
Company details
CIN U74999GJ2019PTC110428
Registration Number 110428
Incorporation Date 19 October 2019
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Key People
Karanraj Jayendrabhai Tanna Managing Director Jayendra Vandravandas Tanna Director Mihirkumar Arvind Joshi Nominee Director Recognitions & Rankings of Ghost Kitchens
Contact details
Ghost Kitchens Private Limited's registered office is in Ahmedabad, Gujarat. Its website is ghostkitchensindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address1005 Kalasagar 2 Nr. Prerna Tirth 1 B/H Jodhpur Gam Satelite, Ahmedabad, Gujarat, India – 380015
- IndustryTravel and Hospitality, Restaurants & Dining Services
To see the full contact details of Ghost Kitchens Private Limited, buy the company report.
Comprehensive company report
Ghost Kitchens 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
Ghost Kitchens operates two associated brands: QSR Brands India and Ghost Kitchen India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-brand restaurant franchises are operated serving Indian cuisine. | indiaqsrbrands.com | |
| Ghost Kitchen India is engaged in cloud kitchen brand curation. | ghostkitchensindia.com |
Financials of Ghost Kitchens Private Limited
FY 2025 filings availableGhost Kitchens Private Limited reported revenue of ₹28.38 Cr (down 11% YoY) for FY 2025.
Revenue · FY 2025
₹28.38 Cr ▼ 11%
Net loss · FY 2025
₹7.73 Cr margin -27.2%
EBITDA · FY 2025
-₹5.25 Cr margin -18.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 11%
5 years · compounded
▲ 51%
EBITDA CAGR growth
1 year
▼ 37%
3 years · compounded
▼ 188%
5 years · compounded
▼ 37%
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 51%. EBITDA fell 37% 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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| Total Expenses | |||||
| EBITDA | -₹5.25 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.73 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -18.5% | ||||
| Net Profit Margin | -27.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Ghost Kitchens Private Limited, buy the company report.
Board of directors of Ghost Kitchens Private Limited
Ghost Kitchens has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayendra Vandravandas Tanna Also directs: Crazy Buns Hospitality Private Limited, Dark Kitchens Private Limited, QSR Brands India Private Limited and 2 more | Director | 19 Oct 2019 | 7 Years 0 Months | Current |
| Karanraj Jayendrabhai Tanna | Managing Director | 19 Oct 2019 | 7 Years 0 Months | Current |
| Mihirkumar Arvind Joshi Also directs: Growit India Private Limited, Alfa Corpuscles Private Limited, Aditi Toys Private Limited and 5 more | Nominee Director | 29 Jan 2024 | 2 Years 8 Months | Current |
Peer comparison
Ghost Kitchens Private Limited is compared with the 8 companies closest to it by revenue in the Consumer Services industry (Restaurants), with the same principal business activity (food and beverage services provided by hotels, restaurants, caterers, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Trofi Chain Factory Private Limited | ₹29.2 Cr (FY 2025) | 29.0% | Mumbai, Maharashtra, India | |||
| JS Hospitality Services Private Limited | ₹28.79 Cr (FY 2024) | 14.0% | Delhi, India | |||
| Epiphany Hospitality Private Limited | ₹28.53 Cr (FY 2025) | 6.0% | Pune, Maharashtra, India | |||
| Whiz Foods Private Limited | ₹28.52 Cr (FY 2025) | 19.0% | Asola Fatehpur Beri, Delhi, India | |||
| Ghost Kitchens Private Limitedthis company | ₹28.38 Cr (FY 2025) | -₹7.73 Cr | -27.2% | -11.0% | Ahmedabad, Gujarat, India | |
| Chaitanya Gourmet Private Limited | ₹28.29 Cr (FY 2024) | 31.0% | Chennai, Tamil Nadu, India | |||
| Something Different Restaurants Private Limited | ₹28.19 Cr (FY 2024) | 4.0% | New Delhi, Delhi, India | |||
| Aloha International Brewpub Private Limited | ₹28.18 Cr (FY 2024) | 13.0% | Mumbai, Maharashtra, India | |||
| Rainier Crest Private Limited | ₹28.16 Cr (FY 2024) | 39.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Ghost Kitchens Private Limited, buy the company report.
Auditor
Ghost Kitchens Private Limited is audited by NAMITA BHADE & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NAMITA BHADE & ASSOCIATES | FY 2023 | 159230W |
Shareholding
The shareholding of Ghost Kitchens Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Ghost Kitchens Private Limited, buy the company report.
Deals & funding
Ghost Kitchens Private Limited has 6 deals on record (6 funding rounds), with disclosed funding of ₹31.87 Cr; the latest was in December 2023.
Total deals
6
Funding rounds
6
Disclosed funding
₹31.87 Cr
Deals on record (4 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2023 | Funding round | ₹19.9 Lakh | Investors: an individual |
| Feb 2022 | Funding round · Series A | ₹6 Cr | Investors: Yuj Ventures, Sattva Family Office, Dholakia Ventures |
| Jul 2020 | Funding round · Seed | ₹3.32 Cr | Investors: 3 individuals |
| Apr 2020 | Funding round | ₹6.5 Lakh | Investors: 2 individuals |
To see the full deal history of Ghost Kitchens 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
Ghost Kitchens Private Limited has 1 court case on record: 1 filed by Ghost Kitchens. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against an individual | Pending |
To see the full case history of Ghost Kitchens 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 Ghost Kitchens Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ghost Kitchens has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Dark Kitchens Private Limited | U55204GJ2020PTC112143 | |
| QSR Brands India Private Limited | U55209MH2019PTC320686 |
To see the full group structure of Ghost Kitchens Private Limited, buy the company report.
GST
Ghost Kitchens has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICG0425C1Z9 | Gujarat | Active | 08 May 2020 |
To see the full GST registrations and return filing status of Ghost Kitchens Private Limited, buy the company report.
Recent activity
Ghost Kitchens Private Limited has 5 board changes on record since 2019: 3 appointments and 2 cessations. The latest: Mihirkumar Arvind Joshi was appointed as Nominee Director on 29 Jan 2024.
AGM
Ghost Kitchens Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ghost Kitchens Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Mihirkumar Arvind Joshi was appointed as Nominee Director.
Ceased
Tarush Awasthi ceased to be Nominee Director.
Ceased
Karanraj Jayendrabhai Tanna ceased to be Director.
Appointed
Jayendra Vandravandas Tanna was appointed as Director.
Appointed
Karanraj Jayendrabhai Tanna was appointed as Managing Director.
Incorporation
19 Oct 2019
Ghost Kitchens Private Limited was registered on 19 Oct 2019 with Roc Ahmedabad & aged 7 years 8 days as per MCA records.
News
Frequently asked questions
Ghost Kitchens is an active private limited company based in Ahmedabad, Gujarat, India. The company works in restaurants and dining services, within the travel and hospitality industry. It was incorporated on 19 October 2019 (7+ years old) and is registered under CIN U74999GJ2019PTC110428.
Ghost Kitchens has 3 current directors:
- Karanraj Jayendrabhai Tanna - Managing Director
- Jayendra Vandravandas Tanna - Director
- Mihirkumar Arvind Joshi - Nominee Director
The latest financial statements of Ghost Kitchens 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 FY 2020 are in the company report.
The GSTIN of Ghost Kitchens is 24AAICG0425C1Z9, registered in Gujarat.
The CIN (Corporate Identification Number) of Ghost Kitchens is U74999GJ2019PTC110428. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ghost Kitchens has 1 court case on record: 1 filed by the company. 1 is pending.
Ghost Kitchens was incorporated on 19 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ghost Kitchens has 6 deals on record (6 funding rounds), with disclosed funding of ₹31.87 Cr; the latest was in December 2023.
The peers of Ghost Kitchens by revenue are Trofi Chain Factory Private Limited, JS Hospitality Services Private Limited, Epiphany Hospitality Private Limited, Whiz Foods Private Limited, Chaitanya Gourmet Private Limited and 3 more, all in the Consumer Services industry (Restaurants), with the same principal business activity (food and beverage services provided by hotels, restaurants, caterers, etc.).
Mihirkumar Arvind Joshi was appointed as Nominee Director on 29 Jan 2024. Tarush Awasthi ceased to be Nominee Director on 15 Jan 2024. Karanraj Jayendrabhai Tanna ceased to be Director on 20 Jul 2020. Ghost Kitchens has 5 board changes on record in total.
Yes, Ghost Kitchens is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).