Karnavati Resorts Private Limited
About Karnavati Resorts Private Limited
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Karnavati Resorts Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 07 October 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74300GJ1996PTC030883.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹21.4 Lakh. It was formerly known as Karnavati Resorts Limited. It is led by directors Mahadevsingh Champawat and Parsottambhai Vaniya.
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 Dr Kasturba Chambers1St Floor Nr Rto Subhasbridge, Ahmedabad, Gujarat, India – 380059.
As per the financials filed for FY 2024, the company reported a revenue of ₹13.23 Lakh, a growth of 86% compared to the previous year. For the same year it recorded a net profit of ₹4.44 Lakh (net margin 33.6%) and EBITDA of ₹5.55 Lakh (EBITDA margin 42%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 20% over five years.
Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Karnavati Resorts has one previous CIN (Corporate Identification Number): U74300GJ1996PLC030883. The current CIN is U74300GJ1996PTC030883, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74300GJ1996PTC030883 | Current |
| U74300GJ1996PLC030883 | Previous |
Contact details
Karnavati Resorts Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressDr Kasturba Chambers1St Floor Nr Rto Subhasbridge, Ahmedabad, Gujarat, India – 380059
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Karnavati 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
Business activity
The main business activity of Karnavati Resorts is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..
| 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. |
Financials of Karnavati Resorts Private Limited
FY 2025 filings availableKarnavati Resorts Private Limited reported revenue of ₹13.23 Lakh (up 86% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 86% growth in the latest year. EBITDA rose 114% 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 | ₹5.55 Lakh | ||||
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| Net Profit (PAT) | ₹4.44 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 42% | ||||
| Net Profit Margin | 33.6% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Karnavati Resorts Private Limited, buy the company report.
Board of directors of Karnavati Resorts Private Limited
Karnavati Resorts has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahadevsingh Champawat Also directs: Unspoken LLP, Pushpak Impex Private Limited, Chetak Properties Private Limited and 4 more | Director | 01 Jan 2014 | 12 Years 10 Months | Current |
| Parsottambhai Vaniya Also directs: Meghal Impex Private Limited, Raag Datamax Private Limited, Janki Consulting Pvt Ltd. and 2 more | Director | 17 Nov 2015 | 10 Years 11 Months | Current |
Peer comparison
Karnavati Resorts Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Services industry (Hotels, Resorts), 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 |
|---|---|---|---|---|---|---|
| Divdarshan Private Limited | ₹13.26 Lakh (FY 2025) | 522.0% | Dehradun, Uttarakhand, India | |||
| Arsha Resorts & Hotels Private Limited | ₹13.26 Lakh (FY 2024) | 84.0% | Lucknow, Uttar Pradesh, India | |||
| Karnavati Resorts Private Limitedthis company | ₹13.23 Lakh (FY 2024) | ₹4.44 Lakh | 33.6% | 86.0% | Ahmedabad, Gujarat, India | |
| Olive County Resorts Private Limited | ₹13.22 Lakh (FY 2020) | New Delhi, Delhi, India | ||||
| Pink Top Hotels and Motels Development Private Limited | ₹13.21 Lakh (FY 2021) | -73.0% | Jaipur, Rajasthan, India | |||
| Puskur Hotels Pvt Ltd | ₹13.21 Lakh (FY 2024) | -1.0% | Al-Post, Adilabad Dist, Telangana, India |
To see the full peer comparison of Karnavati Resorts Private Limited, buy the company report.
Auditor
Karnavati Resorts Private Limited is audited by YOGENDRA & COMPANY for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| YOGENDRA & COMPANY | FY 2021 | 145132W |
Shareholding
The shareholding of Karnavati Resorts Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Karnavati Resorts Private Limited, buy the company report.
Legal cases
Karnavati Resorts Private Limited has 4 court cases on record: 3 filed by Karnavati Resorts, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
| High courts | 2 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Commercial suit | Filed by the company against O.L of Shree Aravali Finlease Ltd. and 6 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by Araveli Industries & Trading Pvt Ltd., and 3 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against individuals | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed by the company against individuals | Disposed |
To see the full case history of Karnavati 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
No delayed payments to MSME suppliers are on our record for Karnavati Resorts Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Karnavati Resorts Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Karnavati Resorts Private Limited has 10 board changes on record since 2011: 2 appointments and 8 cessations. The latest: Rambhai Bhalabhai Prajapati ceased to be Director on 24 Feb 2023.
1 earlier event is in the company report.
Frequently asked questions
Karnavati Resorts is an active private limited company based in Ahmedabad, Gujarat, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 07 October 1996 (30+ years old) and is registered under CIN U74300GJ1996PTC030883.
Karnavati Resorts has 2 current directors:
- Mahadevsingh Champawat - Director
- Parsottambhai Vaniya - Director
The latest financial statements of Karnavati 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 CIN (Corporate Identification Number) of Karnavati Resorts is U74300GJ1996PTC030883. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnavati Resorts has 4 court cases on record: 3 filed by the company and 1 filed against it. Most are in the district courts.
Karnavati Resorts was incorporated on 07 October 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Karnavati Resorts by revenue are Divdarshan Private Limited, Arsha Resorts & Hotels Private Limited, Olive County Resorts Private Limited, Pink Top Hotels and Motels Development Private Limited, Puskur Hotels Pvt Ltd, all in the Consumer Services industry (Hotels, Resorts), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Rambhai Bhalabhai Prajapati ceased to be Director on 24 Feb 2023. Hanupriya Nirmal Kishore Sharma ceased to be Director on 14 Jul 2016. Sundardas Rupani ceased to be Director on 23 Nov 2015. Karnavati Resorts has 10 board changes on record in total.
The registered office of Karnavati Resorts is at Dr Kasturba Chambers1St Floor Nr Rto Subhasbridge, Ahmedabad, Gujarat, India – 380059.
Karnavati Resorts operates in the travel and hospitality industry, in the hotel and accommodation services segment.
The compliance status of Karnavati Resorts is compliant as of 11 July 2026. The company is actively filing with the Registrar of Companies.
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