Mandrem Hotels Private Limited
About Mandrem Hotels Private Limited
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Mandrem Hotels Private Limited is a private limited company based in Goa, India, a subsidiary of Azure Retreat Private Limited. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 24 February 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U55101GA2009PTC006019. Its GSTIN is 30AAGCM2368G3ZO (Goa). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹31.3 Cr. It is led by directors including Sanjay Kalra and Rishal Sawhney.
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 1086/A First Floor Madhalawada Morjim Prenem, Goa, India – 403512.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.38 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net loss of ₹1.94 Cr (net margin -36.2%) and EBITDA of -₹22.64 Lakh (EBITDA margin -4.2%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 9% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹14 Cr and satisfied charges of ₹14 Cr on record. Court records list 13 cases involving the company, including 9 filed by the company and 4 filed against it; 6 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Mandrem Hotels Private Limited's registered office is in Goa. Its e-mail address is in the company report.
- Email
- Registered Address1086/A First Floor Madhalawada Morjim Prenem, Goa, India – 403512
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Mandrem 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 Mandrem Hotels 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. |
To see the full business activity and turnover split of Mandrem Hotels Private Limited, buy the company report.
Financials of Mandrem Hotels Private Limited
FY 2024 filings availableMandrem Hotels Private Limited reported revenue of ₹5.38 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 121% 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 | -₹22.64 Lakh | ||||
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| Net Profit (PAT) | -₹1.94 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 | -4.2% | ||||
| Net Profit Margin | -36.2% | ||||
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To see the full financial statements and ratios of Mandrem Hotels Private Limited, buy the company report.
Board of directors of Mandrem Hotels Private Limited
Mandrem Hotels has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Kalra | Director | 01 Nov 2010 | 15 Years 11 Months | Current |
| Rishal Sawhney Also directs: Manjit Investments Pvt Ltd, Ideb Tech Park Private Limited, Blue Ocean Resorts Private Limited and 5 more | Director | 12 Feb 2014 | 12 Years 8 Months | Current |
| Rajiv Mehta | Director | 01 Nov 2010 | 15 Years 11 Months | Current |
| Rohini Sawhney Also directs: Manjit Investments Pvt Ltd, Blue Ocean Resorts Private Limited, Azure Retreat Private Limited and 2 more | Director | 01 Dec 2021 | 4 Years 10 Months | Current |
Peer comparison
Mandrem 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 |
|---|---|---|---|---|---|---|
| Hotel Aryaprava Private Limited | ₹5.38 Cr (FY 2025) | 0.0% | Khurda, Odisha, India | |||
| Mandrem Hotels Private Limited this company | ₹5.38 Cr (FY 2025) | -₹1.94 Cr | -36.2% | -4.0% | 18 | Goa, India |
| Saravana Hospitality Private Limited | ₹5.38 Cr (FY 2025) | 10.0% | Chennai, Tamil Nadu, India | |||
| Poppys Ventures Private Limited | ₹5.37 Cr (FY 2025) | 29.0% | Tirupur, Tamil Nadu, India | |||
| Cardo Pharma Private Limited | ₹5.37 Cr (FY 2025) | 4.0% | Patna, Bihar, India | |||
| Nieva Homes Private Limited | ₹5.37 Cr (FY 2025) | 54.0% | New Delhi, Delhi, India |
To see the full peer comparison of Mandrem Hotels Private Limited, buy the company report.
Auditor
Mandrem Hotels Private Limited is audited by S RAMANAND AIYAR & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S RAMANAND AIYAR & CO | FY 2022 | 000990N |
Shareholding
The shareholding of Mandrem Hotels Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Mandrem Hotels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jul 2021 | 100471692 | Hdfc Bank Limited | ₹14 Cr | Satisfied |
To see the full charge records of Mandrem Hotels Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Mandrem Hotels Private Limited has 13 court cases on record: 9 filed by Mandrem Hotels, 4 filed against it. 6 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 3 | 5 |
| District courts | 3 | 1 | 1 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed by the company against Mahaseer Hotels and Resorts Pvt. Ltd., Rep. by Its Auth. Dir., Fateh Singh Akoi and 12 Ors | Pending |
| District court, North Goa, Goa | Court case (SCS) | Filed against the company by M/S. Maha Seer Hotels and Resorts Pvt. Ltd. | Pending |
| Bombay High Court | Court case (MCA) | Filed against the company by Mahaseer Hotels and Resorts Pvt. Ltd., Rep. by Snehal Pednekar | Disposed |
| Bombay High Court | Court case (MCA) | Filed by the company against M/S. Mahaseer Hotels and Resorts Pvt. Ltd., Rep. by Its Auth. Dir., Fateh Singh Akoi and 12 Ors | Disposed |
| Bombay High Court | Appeal | Filed by the company against Mahaseer Hotels and Resorts Pvt. Ltd., Rep. by Its Aut. Director, Fateh Singh Akoi and 12 Ors., | Disposed |
To see the full case history of Mandrem 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 Mandrem Hotels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mandrem Hotels Private Limited has a workforce of 18 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Mandrem Hotels has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAGCM2368G3ZO | Goa | Active | 21 Aug 2017 |
To see the full GST registrations and return filing status of Mandrem Hotels Private Limited, buy the company report.
Recent activity
Mandrem Hotels Private Limited has 10 board changes on record since 2010: 4 appointments and 6 cessations. The latest: Rohini Sawhney ceased to be Additional Director on 11 Mar 2023.
3 earlier events are in the company report.
Frequently asked questions
Mandrem 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 24 February 2009 (17+ years old) and is registered under CIN U55101GA2009PTC006019.
Mandrem Hotels has 4 current directors:
- Sanjay Kalra - Director
- Rishal Sawhney - Director
- Rajiv Mehta - Director
- Rohini Sawhney - Director
The latest financial statements of Mandrem 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 Mandrem Hotels is 30AAGCM2368G3ZO, registered in Goa. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Mandrem Hotels is U55101GA2009PTC006019. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mandrem Hotels has 13 court cases on record: 9 filed by the company and 4 filed against it. 6 are pending. Most are in the high courts.
Mandrem Hotels was incorporated on 24 February 2009, making it 17+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Mandrem Hotels by revenue are Hotel Aryaprava Private Limited, Saravana Hospitality Private Limited, Poppys Ventures Private Limited, Cardo Pharma Private Limited, Nieva Homes 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.).
Rohini Sawhney ceased to be Additional Director on 11 Mar 2023. Rohini Sawhney was appointed as Director on 01 Dec 2021. Rachita Gupta ceased to be Director on 15 Oct 2018. Mandrem Hotels has 10 board changes on record in total.
The registered office of Mandrem Hotels is at 1086A First Floor Madhalawada Morjim Prenem, Goa, India – 403512.
Mandrem Hotels operates in the travel and hospitality industry, in the hotel and accommodation services segment.