Jetset Hotels Private Limited
About Jetset Hotels Private Limited
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Jetset Hotels Private Limited is a private limited company based in Goa, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 22 February 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U55101GA1996PTC002046. Its GSTIN is 30AABCJ2525R1ZK (Goa).
The company has an authorised share capital of ₹1.9 Cr and a paid-up capital of ₹1.16 Cr. It is led by directors including Subhash Krishnaji Palav and Bhausaheb Baburao Dubal.
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 Commerce Centre 5th Floor Dr. Rajendra Prasad Road Vasco Da Gama, Goa, India – 403802.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.85 Cr, a growth of 95% compared to the previous year. For the same year it recorded a net loss of ₹25.46 Lakh (net margin -8.9%) and EBITDA of ₹44.89 Lakh (EBITDA margin 15.8%). Revenue has grown at a compounded annual rate (CAGR) of 308% over three years and 25% over five years.
As per MCA filings, the company has satisfied charges of ₹4.1 Cr on record. Court records list 16 cases involving the company, including 5 filed by the company and 11 filed against it; 5 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Jetset Hotels Private Limited's registered office is in Goa. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressCommerce Centre 5th Floor Dr. Rajendra Prasad Road Vasco Da Gama, Goa, India – 403802
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Jetset Hotels 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 activity of Jetset Hotels is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc. 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 |
|---|---|---|---|---|
| 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. |
To see the full business activity and turnover split of Jetset Hotels Private Limited, buy the company report.
Financials of Jetset Hotels Private Limited
FY 2024 filings availableJetset Hotels Private Limited reported revenue of ₹2.85 Cr (up 95% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 95% growth in the latest year. EBITDA rose 168% 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 | ₹44.89 Lakh | ||||
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| Net Profit (PAT) | -₹25.46 Lakh | ||||
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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 | 15.8% | ||||
| Net Profit Margin | -8.9% | ||||
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To see the full financial statements and ratios of Jetset Hotels Private Limited, buy the company report.
Board of directors of Jetset Hotels Private Limited
Jetset Hotels 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 |
|---|---|---|---|---|
| Subhash Krishnaji Palav | Director | 13 Mar 2019 | 7 Years 7 Months | Current |
| Bhausaheb Baburao Dubal | Director | 02 May 2024 | 2 Years 5 Months | Current |
| Charusheela Sharma | Director | 24 Oct 2016 | 10 Years 0 Months | Current |
Peer comparison
Jetset Hotels Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bee 4 Hospitality Private Limited | ₹2.85 Cr (FY 2024) | -16.0% | Varanasi, Uttar Pradesh, India | |||
| Brijbhoomi Hotels and Resorts Private Limited | ₹2.85 Cr (FY 2025) | 21.0% | New Delhi, Delhi, India | |||
| Jetset Hotels Private Limitedthis company | ₹2.85 Cr (FY 2025) | -₹25.46 Lakh | -8.9% | 95.0% | Goa, India | |
| Fort Resorts Pvt Ltd | ₹2.85 Cr (FY 2024) | 18.0% | Himachal Pradesh, India | |||
| Smart Residency Hotels India Private Limited | ₹2.84 Cr (FY 2022) | -68.0% | Thrissur, Kerala, India | |||
| Alka-Dil Hotels & Resorts Private Limited | ₹2.84 Cr (FY 2024) | Ernakulam, Kerala, India |
To see the full peer comparison of Jetset Hotels Private Limited, buy the company report.
Auditor
Jetset Hotels Private Limited is audited by KB&ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KB&ASSOCIATES | FY 2022 | 328672E |
Shareholding
The shareholding of Jetset Hotels Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Jetset Hotels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Nov 2000 | 90077413 | Edc Ltd | ₹4.1 Cr | Satisfied |
To see the full charge records of Jetset Hotels Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Jetset Hotels Private Limited has 16 court cases on record: 5 filed by Jetset Hotels, 11 filed against it. 5 cases are pending and 11 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 11 | 9 | 2 |
| High courts | 4 | 2 | 2 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Vedatmana Bespoke Hospitality Pvt. Ltd and 2 Ors | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (TE) | Filed against the company by Supermax International Pvt Ltd, Gordhandas D Arora Director of Co | Pending |
| District court, South Goa, Goa | Commercial suit | Filed against the company by Vedatmana Bespoke Hospitality Pvt. Ltd. | Disposed |
| Supreme Court | Court case (Special Leave Petition (Criminal)) | Filed by the company against an individual | Pending |
| District court, South Goa, Goa | Court case (CRRA) | Filed against the company by an individual | Pending |
To see the full case history of Jetset Hotels 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 Jetset Hotels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Jetset Hotels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AABCJ2525R1ZK | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jetset Hotels Private Limited, buy the company report.
Recent activity
Jetset Hotels Private Limited has 7 board changes on record since 2008: 3 appointments and 4 cessations. The latest: Bhausaheb Baburao Dubal ceased to be Additional Director on 29 Sep 2024.
Frequently asked questions
Jetset Hotels 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 22 February 1996 (30+ years old) and is registered under CIN U55101GA1996PTC002046.
Jetset Hotels has 3 current directors:
- Subhash Krishnaji Palav - Director
- Bhausaheb Baburao Dubal - Director
- Charusheela Sharma - Director
The latest financial statements of Jetset Hotels 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 Jetset Hotels is 30AABCJ2525R1ZK, registered in Goa.
The CIN (Corporate Identification Number) of Jetset Hotels is U55101GA1996PTC002046. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jetset Hotels has 16 court cases on record: 5 filed by the company and 11 filed against it. 5 are pending. Most are in the district courts.
Jetset Hotels was incorporated on 22 February 1996, making it 30+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Jetset Hotels by revenue are Bee 4 Hospitality Private Limited, Brijbhoomi Hotels and Resorts Private Limited, Fort Resorts Pvt Ltd, Smart Residency Hotels India Private Limited, Alka-Dil Hotels & Resorts Private Limited, all in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Bhausaheb Baburao Dubal ceased to be Additional Director on 29 Sep 2024. Bhausaheb Baburao Dubal was appointed as Director on 02 May 2024. Subhash Krishnaji Palav was appointed as Director on 13 Mar 2019. Jetset Hotels has 7 board changes on record in total.
The registered office of Jetset Hotels is at Commerce Centre 5th Floor Dr. Rajendra Prasad Road Vasco Da Gama, Goa, India – 403802.
Jetset Hotels operates in the travel and hospitality industry, in the hotel and accommodation services segment.
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