Mandrem Hotels Private Limited
About Mandrem Hotels Private Limited
Data last updated:
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 10 cases involving the company, including 7 filed by the company; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address1086/A First Floor Madhalawada Morjim Prenem, Goa, India – 403512
- IndustryTravel and Hospitality, Hotel & Accommodation Services
- 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
- One PDF report, delivered after checkout
Business Activity of Mandrem Hotels Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Mandrem Hotels Private Limited FY 2024 filings available
Mandrem Hotels Private Limited reported revenue of ₹5.38 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mandrem Hotels Private Limited
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 of Mandrem Hotels Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹22.64 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.94 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Mandrem Hotels Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -4.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -36.2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mandrem Hotels are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
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 of Mandrem Hotels Private Limited
Mandrem Hotels Private Limited is compared with the companies closest to it by revenue in the Consumer Services industry (Hotels). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Myles High Hotels and Towers Private Limited | ₹5.39 Cr (FY 2025) | •••• | •••• | 74.0% | •••• | Panaji, Goa, India |
| Hotels Mart Private Limited | ₹5.38 Cr (FY 2024) | •••• | •••• | -13.0% | •••• | Hyderabad, Telangana, India |
| Sumeru Hospitality Private Limited | ₹5.38 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Mumbai, Maharashtra, India |
| Hotel Aryaprava Private Limited | ₹5.38 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Khurda, Odisha, India |
| Azure Retreat Private Limited | ₹5.38 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | New Delhi, Delhi, India |
| Mandrem Hotels Private Limited this company | ₹5.38 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Goa, India |
| Jose Kurian and Sons Hotels Private Limited | ₹5.38 Cr (FY 2025) | •••• | •••• | 113.0% | •••• | Kochi, Kerala, 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 |
Peers are the five companies nearest above and the five nearest below Mandrem Hotels by revenue in the Consumer Services industry (Hotels), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mandrem Hotels Private Limited
Mandrem Hotels Private Limited is audited by S RAMANAND AIYAR & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S RAMANAND AIYAR & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Mandrem Hotels Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mandrem Hotels Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Jul 2021 | Hdfc Bank Limited | ₹14 Cr | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Mandrem Hotels Private Limited
Mandrem Hotels Private Limited has 10 court cases on record: 7 filed by Mandrem Hotels, 3 where it is another party. 3 cases are pending and 7 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 0 | 2 |
| District courts | 3 | 0 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed by the company against Maha Seer Hotels and Resorts Private Limited | Pending |
| Bombay High Court | Court case (MCA) | Filed by the company against Maha Seer Hotels and Resorts Private Limited | Disposed |
| Bombay High Court | Appeal | Filed by the company against Maha Seer Hotels and Resorts Private Limited | Disposed |
| Bombay High Court | Writ petition | Company is another party | Pending |
| District court, North Goa, Goa | Court case (SCS) | Company is another party | Pending |
Full case history
All 10 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Mandrem Hotels Private Limited
Mandrem Hotels Private Limited has a workforce of 18 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Mandrem Hotels Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mandrem Hotels Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Mandrem Hotels Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mandrem Hotels Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Mandrem Hotels Private Limited
Mandrem Hotels has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAGCM2368G3ZO | Goa | Active | 21 Aug 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mandrem Hotels Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Mandrem Hotels Private Limited
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 reported revenue of ₹5.38 Cr for FY 2025 (down 4% YoY).
Mandrem Hotels has 4 current directors:
- Sanjay Kalra - Director
- Rishal Sawhney - Director
- Rajiv Mehta - Director
- Rohini Sawhney - Director
Mandrem Hotels reported a net loss of ₹1.94 Cr (net margin -36.2%) and EBITDA of -₹22.64 Lakh (EBITDA margin -4.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mandrem Hotels is 24% over three years and 9% over five years. In the latest year (FY 2025) revenue fell 4%. CAGR is the steady yearly rate that links the first and the last year.
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 10 court cases on record: 7 filed by the company. 3 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 Myles High Hotels and Towers Private Limited, Hotels Mart Private Limited, Sumeru Hospitality Private Limited, Hotel Aryaprava Private Limited, Azure Retreat Private Limited and 5 more, all in the Consumer Services industry (Hotels).
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.