- Category
- Medium (2023-24)
- Udyam number
- UDYAM-GA-01-0017713

About Goldfinch Resorts Private Limited
Data last updated:
Goldfinch Resorts Private Limited is a private limited company based in Goa, India, a subsidiary of Goldfinch Hotels Private Limited. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 21 May 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U55101GA2011PTC006678. Its GSTIN is 30AAECG3075E1Z4 (Goa). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹23 Cr and a paid-up capital of ₹23 Cr. It is led by directors including Asha Prakash Shetty and Prakash Shetty Korangrapady.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Survey No 34/1.B. Chimbel Tiswadi, Goa, India – 403002.
As per the financials filed for FY 2025, the company reported a revenue of ₹74.36 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net profit of ₹5.04 Cr (net margin 6.8%) and EBITDA of ₹39.04 Cr (EBITDA margin 52.5%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 18% over five years.
The company has about 156 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: MRG Group and Goldfinch Hotels. As per MCA filings, the company has open charges of ₹248.21 Cr and satisfied charges of ₹200 Cr on record. Court records list 19 cases involving the company, including 6 filed by the company and 13 filed against it; 3 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in October 2013. The company has 12 MSME Form 1 returns on record between 2019 and 2023, listing 634 overdue payments to 80 micro and small suppliers.
Goldfinch Resorts Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GA-01-0017713). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website goldfinchhotels.com.
Company details
Recognitions & Rankings of Goldfinch Resorts
Contact details
Goldfinch Resorts Private Limited's registered office is in Goa. Its website is goldfinchhotels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSurvey No 34/1.B. Chimbel Tiswadi, Goa, India – 403002
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Goldfinch Resorts 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
Brands
Goldfinch Resorts operates two associated brands: MRG Group and Goldfinch Hotels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| MRG Group operates a variety of multi-cuisine restaurants, offering diverse dining experiences like Banjara Melting Pot and Kabab Studio. | groupmrg.com | |
| Hospitality services encompassing hotels, resorts, and dining in India. | goldfinchhotels.com |
Business activity
The main business activities of Goldfinch Resorts are accommodation and food service and real estate. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc., food and beverage services provided by hotels, restaurants, caterers, etc. and real estate activities with own or leased property. 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 | 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. | |
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Goldfinch Resorts Private Limited, buy the company report.
Financials of Goldfinch Resorts Private Limited
FY 2025 filings availableGoldfinch Resorts Private Limited reported revenue of ₹74.36 Cr (down 34% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 34% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 18%. EBITDA fell 49% 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 | ₹39.04 Cr | ||||
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| Net Profit (PAT) | ₹5.04 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 | 52.5% | ||||
| Net Profit Margin | 6.8% | ||||
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To see the full financial statements and ratios of Goldfinch Resorts Private Limited, buy the company report.
Board of directors of Goldfinch Resorts Private Limited
Goldfinch Resorts has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asha Prakash Shetty Also directs: Gopra Realty LLP, MRG Hospitality & Infrastructure Private Limited, Chimbel Properties Private Limited and 5 more | Director | 26 Aug 2013 | 13 Years 2 Months | Current |
| Prakash Shetty Korangrapady | Director | 21 May 2011 | 15 Years 5 Months | Current |
| Gaurav Prakash Shetty Also directs: Gopra Realty LLP, Chimbel Properties Private Limited, Motels & Infrastructure India Private Limited and 5 more | Director | 26 Aug 2013 | 13 Years 2 Months | Current |
Auditor
Goldfinch Resorts Private Limited is audited by V P Janadri and Associates for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V P Janadri and Associates | FY 2024 | 018803S |
Shareholding
The shareholding of Goldfinch Resorts Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Goldfinch Resorts Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Apr 2025 | 101085100 | Hdfc Bank Limited | ₹1.8 Cr | Open | |
| 25 Oct 2024 | 100995189 | Others | ₹100 Cr | Open | |
| 26 Apr 2019 | 100258531 | Others | ₹146.41 Cr | Open | |
| 28 Dec 2017 | 100150851 | Others | ₹50 Cr | Satisfied | |
| 06 Jun 2017 | 100127781 | Others | ₹75 Cr | Satisfied |
To see the full charge records of Goldfinch Resorts Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Goldfinch Resorts Private Limited has 2 deals on record (2 secondary share transfers); the latest was in October 2013.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2013 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: Goldfinch Hotels Private Limted Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Goldfinch Resorts Private Limited has 19 court cases on record: 6 filed by Goldfinch Resorts, 13 filed against it. 3 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 6 | 6 | 0 |
| District courts | 5 | 3 | 0 |
| High courts | 5 | 4 | 2 |
| Supreme Court | 3 | 0 | 1 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (COMIP) | Filed against the company by Novex Communications Pvt.Ltd. | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Bharat Floorings & Tiles Mumbai Pvt. Ltd. | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Gaaia Contractors Pvt Ltd | Disposed |
| District court, North Goa, Goa | Court case (IPC) | Filed against the company by Novex Communications Private Limited | Disposed |
| District court, North Goa, Goa | Appeal | Filed against the company by Avisara Hospitality Private Limited | Disposed |
To see the full case history of Goldfinch 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.
Credit ratings & regulatory alerts
Goldfinch Resorts Private Limited was last rated by Icra on 01 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 01 Jun 2020 |
To see the full credit ratings and regulatory alerts of Goldfinch Resorts Private Limited, buy the company report.
MSME payment delays
Goldfinch Resorts Private Limited has 12 MSME Form 1 returns on record between 2019 and 2023, listing 634 overdue payments to 80 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 80)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Frostee Frozen Foods Private Limited | |||
| Empire Industries Limited | |||
| Penz Solutions | |||
| an individual supplier |
To see the full MSME payment records of Goldfinch Resorts Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Goldfinch Resorts Private Limited has a workforce of 156 employees on its EPFO records as of Jan 23, 2025, across 2 active EPFO establishments.
GST
Goldfinch Resorts has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAECG3075E1Z4 | Goa | Active | 01 Jul 2017 |
| 29AAECG3075E1ZN | Karnataka | Active | 28 Oct 2022 |
To see the full GST registrations and return filing status of Goldfinch Resorts Private Limited, buy the company report.
Recent activity
Goldfinch Resorts Private Limited has 6 board changes on record since 2011: 3 appointments and 3 cessations. The latest: Bangalore Somanna Naveen ceased to be Director on 12 Oct 2013.
9 earlier events are in the company report.
Frequently asked questions
Goldfinch Resorts is an active private limited company based in Goa, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 21 May 2011 (15+ years old) and is registered under CIN U55101GA2011PTC006678.
Goldfinch Resorts has 3 current directors:
- Asha Prakash Shetty - Director
- Prakash Shetty Korangrapady - Director
- Gaurav Prakash Shetty - Director
The latest financial statements of Goldfinch Resorts on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Goldfinch Resorts is 30AAECG3075E1Z4, registered in Goa. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AAECG3075E1ZN (Karnataka).
The CIN (Corporate Identification Number) of Goldfinch Resorts is U55101GA2011PTC006678. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goldfinch Resorts has 19 court cases on record: 6 filed by the company and 13 filed against it. 3 are pending. Most are in the nclt.
Goldfinch Resorts was incorporated on 21 May 2011, making it 15+ years old. It is registered with the Registrar of Companies, Goa.
Goldfinch Resorts has 2 deals on record (2 secondary share transfers); the latest was in October 2013.
Bangalore Somanna Naveen ceased to be Director on 12 Oct 2013. Asha Prakash Shetty ceased to be Additional Director on 25 Sep 2013. Gaurav Prakash Shetty ceased to be Additional Director on 25 Sep 2013. Goldfinch Resorts has 6 board changes on record in total.
Yes, Goldfinch Resorts is registered as a medium enterprise under Udyam registration (number: UDYAM-GA-01-0017713).
Goldfinch Resorts has 12 MSME Form 1 returns on record between 2019 and 2023, listing 634 overdue payments to 80 micro and small suppliers. The latest return was filed on 01 Dec 2023.

