Maharashtra Tourism Development Corporation Limited - Company Profile

It is a transport and logistics private limited state government company based in Mumbai, Maharashtra, India, established in 1975.

1975 Mumbai, Maharashtra, India Active

Last Updated: January 05, 2026

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About Maharashtra Tourism Development Corporation Limited

Maharashtra Tourism Development Corporation Limited, a active private limited state government company, was established on 20 January 1975 in Mumbai, Maharashtra, India. Engaging in travel & tour services within the accommodation and food service sector, it holds CIN: U99999MH1975SGC018086. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹25.00 Cr and a paid-up capital of ₹15.39 Cr.

It upholds a compliant status. Employing 72 professional, Its leadership includes Rajagopal Devara (Nominee Director), Indranil Manoharrao Naik (Nominee Director), Om Prakash Gupta (Nominee Director). Past directors included Aditya Uddhav Thackeray, Suhas Krishna Diwase, Jaykumar Jitendrasing Rawal. Its latest AGM occurred on 26 November 2021, with the balance sheet filed on 31 March 2021. It is based at Mafatlal House 1St Floor H T Parekh Marg, 169 Backbay Reclamation Next To Icici Bank, Mumbai, Maharashtra, 400020.

Company Details

CIN/LLPIN
U99999MH1975SGC018086
Registration Number
018086
Incorporation Date
20 January 1975
Authorized Capital
₹25.00 Cr
Paid-Up Capital
₹15.39 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 25.00 Cr as on 05-01-2026
Paid Up Capital ₹ 15.39 Cr as on 05-01-2026
Company Age 51 Year, 1 Month
Last Filing with ROC 31 Mar 2021
Revenue Growth **** -1.13% (FY 2018)
Profit Growth **** 34.62% (FY 2018)
Ebitda **** 18.89% (FY 2018)
Net Worth 4.00% (FY 2018)
Total Assets -15.56% (FY 2018)

Comprehensive Company Insights

Explore comprehensive insights into Maharashtra Tourism Development Corporation Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Maharashtra Tourism Development Corporation Limited?

Current Directors

Name	Designation	Appointment Date	Status
Rajagopal Devara	Nominee Director	10 Apr 2024	Current
Indranil Manoharrao Naik	Nominee Director	21 Dec 2024	Current
Om Prakash Gupta	Nominee Director	23 Feb 2024	Current
Neelesh Ramesh Gatne	Managing Director	23 Jul 2025	Current
Atul Nilkanthrao Patne	Nominee Director	08 Jan 2025	Current
Shambhuraj Shivajirao Desai	Nominee Director	21 Dec 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Nominee Director	14 Aug 2022	Past
Pramod Abcsdd	Managing Director	22 Oct 2018	Past
Pramod Abcsdd	Director	05 Jan 2020	Past
Pramod Abcsdd	Nominee Director	10 Oct 2023	Past
Pramod Abcsdd	Company Secretary	15 Jun 2016	Past
Pramod Abcsdd	Nominee Director	01 Sep 2016	Past

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Financial Performance of Maharashtra Tourism Development Corporation.

Maharashtra Tourism Development Corporation Limited, for the financial year ended 2018, experienced Minor drop in revenue, with a 1.13% decrease. The company also saw a substantial improvement in profitability, with a 34.62% increase in profit. The company's net worth moved up by a moderate rise of 4%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-1.13%

*******

Revenue from Operations

*******

4.76%

*******

Total Assets

*******

-15.56%

*******

Profit or Loss

*******

34.62%

*******

Net Worth

*******

4.00%

*******

EBITDA

*******

18.89%

*******

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What is the Ownership and Shareholding Structure of Maharashtra Tourism Development Corporation?

In 2021, Maharashtra Tourism Development Corporation had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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How Many Employees Work at Maharashtra Tourism Development Corporation?

Maharashtra Tourism Development Corporation has a workforce of 72 employees as of Mar 28, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Maharashtra Tourism Development Corporation, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Maharashtra Tourism Development Corporation's trajectory.

Rating

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Alerts

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Latest Updates, News, and FAQs on Maharashtra Tourism Development Corporation

Recent Activity within the Organization

Director Appointment

Progress on Varsha Vijay Chavan was appointed as a Company Secretary was appointed as a Company Secretary on 29 Oct 2025 & has been associated with this company since 4 months 2 days . was documented.
29 Oct 2025
Director Appointment

The activity Neelesh Ramesh Gatne was appointed as a Managing Director was appointed as a Managing Director on 23 Jul 2025 & has been associated with this company since 7 months 8 days . was completed.
23 Jul 2025
Director Appointment

Atul Nilkanthrao Patne was appointed as a Nominee Director was appointed as a Nominee Director on 08 Jan 2025 & has been associated with this company since 1 year 1 month . was recorded as a recent event.
08 Jan 2025
Director Appointment

The activity Indranil Manoharrao Naik was appointed as a Nominee Director was appointed as a Nominee Director on 21 Dec 2024 & has been associated with this company since 1 year 2 months . was completed.
21 Dec 2024
Director Appointment

Progress on Shambhuraj Shivajirao Desai was appointed as a Nominee Director was appointed as a Nominee Director on 21 Dec 2024 & has been associated with this company since 1 year 2 months . was documented.
21 Dec 2024
Annual General Meeting

The activity Maharashtra Tourism Development Corporation Limited last Annual general meeting of members was held on 26 Nov 2021 as per latest MCA records. was completed.
26 Nov 2021

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