About Goa Tourism Development Corporation Limited
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Goa Tourism Development Corporation Limited is a public limited state government company based in Panaji, Goa, India. It operates in the travel and tour services segment of the transport and logistics sector. It was incorporated on 30 March 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U55101GA1982SGC000480. Its GSTIN is 30AAACG7220K1Z0 (Goa). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹23 Cr and a paid-up capital of ₹22.65 Cr. It is led by directors including Kuldeep Arolkar (Managing Director) and Sanjeev Ahuja.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Paryatan Bhavan Patto, Panaji, Goa, India – 403001.
As per the financials filed for FY 2024, the company reported a revenue of ₹76 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹7.6 Cr (net margin 10%) and EBITDA of ₹11.03 Cr (EBITDA margin 14.5%). Revenue has grown at a compounded annual rate (CAGR) of 15% over five years.
As per MCA filings, the company has open charges of ₹3.83 Cr on record. Court records list 211 cases involving the company, including 89 filed by the company and 122 filed against it; 45 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website goa-tourism.com.
Company details
Contact details
Goa Tourism Development Corporation Limited's registered office is in Panaji, Goa. Its website is goa-tourism.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressParyatan Bhavan Patto, Panaji, Goa, India – 403001
- IndustryTransport and Logistics, Travel & Tour Services
To see the full contact details of Goa Tourism Development Corporation 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 Goa Tourism Development Corporation are accommodation and food service and support service to organizations. In detail, this covers food and beverage services provided by hotels, restaurants, caterers, etc., travel agency and tour operators and other support services to organizations. 3 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. | |
| N | Support service to Organizations | N3 | Travel agency and tour operators | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Goa Tourism Development Corporation Limited, buy the company report.
Financials of Goa Tourism Development Corporation Limited
FY 2024 filings availableGoa Tourism Development Corporation Limited reported revenue of ₹76 Cr (up 6% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 6% growth in the latest year. EBITDA rose 466% 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 | ₹11.03 Cr | ||||
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| Net Profit (PAT) | ₹7.6 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 14.5% | ||||
| Net Profit Margin | 10% | ||||
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To see the full financial statements and ratios of Goa Tourism Development Corporation Limited, buy the company report.
Board of directors of Goa Tourism Development Corporation Limited
Goa Tourism Development Corporation has 5 current directors and 63 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjeev Ahuja Also directs: Tuem Electronics Manufacturing Cluster Limited | Nominee Director | 03 Jan 2024 | 2 Years 9 Months | Current |
| Jack Ajit Sukhija Also directs: GN 24X7 Private Limited, HFG Education and Learning Foundation | Nominee Director | 27 Jun 2024 | 2 Years 4 Months | Current |
| Ganesh Chandru Gaunker Also directs: Aksh Green Systems LLP, GWNP Infra Estate Private Limited | Nominee Director | 21 Apr 2022 | 4 Years 6 Months | Current |
| Candavelou Vinayagam Also directs: The Goa State Poultry Development Corporation Limited, Edc Limited, Imagine Panaji Smart City Development Limited and 2 more | Nominee Director | 31 May 2022 | 4 Years 5 Months | Current |
| Kuldeep Arolkar | Managing Director | 23 Dec 2024 | 1 Years 10 Months | Current |
Auditor
Goa Tourism Development Corporation Limited is audited by SANKPAL KULKARNI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANKPAL KULKARNI & ASSOCIATES | FY 2023 | WR0952 |
Shareholding
The shareholding of Goa Tourism Development Corporation 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 Goa Tourism Development Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Aug 2005 | 90076549 | Oriental Bank of Commerce | ₹30 Lakh | Open | |
| 20 Aug 2005 | 90076943 | Oriental Bank of Commerce | ₹33.39 Lakh | Open | |
| 19 Jul 2001 | 90076343 | Oriental Bank of Commerce | ₹1.45 Cr | Open | |
| 19 Jul 2001 | 90077440 | Oriental Bank of Commerce | ₹1.45 Cr | Open | |
| 27 Sep 2000 | 90076321 | Oriental Bank of Commerce | ₹30 Lakh | Open |
To see the full charge records of Goa Tourism Development Corporation Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Goa Tourism Development Corporation Limited has 211 court cases on record: 89 filed by Goa Tourism Development Corporation, 122 filed against it. 45 cases are pending and 166 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 111 | 53 | 29 |
| District courts | 94 | 63 | 16 |
| Supreme Court | 5 | 5 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 211)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Goa, Goa | Commercial suit | Filed against the company by M/S 32Nd Vistas Pvt. Ltd. Formerly Known As M/S. Apra Motels | Pending |
| District court, North Goa, Goa | Appeal | Filed against the company by Gauriputra Infratech Pvt. Ltd. | Pending |
| District court, North Goa, Goa | Appeal | Filed against the company by Short Fuse Studio Pvt Ltd | Pending |
| District court, North Goa, Goa | Commercial suit | Filed against the company by M/S. Superb Goan Pvt. Ltd | Pending |
| Bombay High Court | Writ petition | Filed against the company by Mhadei Luxury Cruises LLP Rep Auth Partner Sarveshwar Dhond | Pending |
To see the full case history of Goa Tourism Development Corporation 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 Goa Tourism Development Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Goa Tourism Development Corporation has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAACG7220K1Z0 | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Goa Tourism Development Corporation Limited, buy the company report.
Recent activity
Goa Tourism Development Corporation Limited has 68 board changes on record since 2007: 5 appointments and 63 cessations. The latest: Kuldeep Arolkar was appointed as Managing Director on 23 Dec 2024.
66 earlier events are in the company report.
Frequently asked questions
Goa Tourism Development Corporation is an active public limited state government company based in Panaji, Goa, India. The company works in travel and tour services, within the transport and logistics industry. It was incorporated on 30 March 1982 (44+ years old) and is registered under CIN U55101GA1982SGC000480.
Goa Tourism Development Corporation has 5 current directors:
- Kuldeep Arolkar - Managing Director
- Sanjeev Ahuja - Nominee Director
- Jack Ajit Sukhija - Nominee Director
- Ganesh Chandru Gaunker - Nominee Director
- Candavelou Vinayagam - Nominee Director
The latest financial statements of Goa Tourism Development Corporation on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Goa Tourism Development Corporation is 30AAACG7220K1Z0, registered in Goa. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Goa Tourism Development Corporation is U55101GA1982SGC000480. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goa Tourism Development Corporation has 211 court cases on record: 89 filed by the company and 122 filed against it. 45 are pending. Most are in the high courts.
Goa Tourism Development Corporation was incorporated on 30 March 1982, making it 44+ years old. It is registered with the Registrar of Companies, Goa.
Kuldeep Arolkar was appointed as Managing Director on 23 Dec 2024. Jack Ajit Sukhija was appointed as Nominee Director on 27 Jun 2024. Nilesh Narendra Shah ceased to be Nominee Director on 27 Jun 2024. Goa Tourism Development Corporation has 68 board changes on record in total.
Goa Tourism Development Corporation can be reached through the website goa-tourism.com. Its registered office is in Panaji, Goa, India.
The registered office of Goa Tourism Development Corporation is at Paryatan Bhavan Patto, Panaji, Goa, India – 403001.
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