About Mars Hotels and Resorts Private Limited
Data last updated:
Mars Hotels and Resorts Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Kairos Property Managers Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 13 September 1994.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH1994PTC081092. Its GSTIN is 27AAACM3827C1ZT (Maharashtra).
The company had an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.84 Cr. It was led by directors Arindam Chakraborty (Whole-Time Director) and Henry John Dmello (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Off Intl.Airportpproach Rd Marol Andheri (E), Mumbai, Maharashtra, India – 400059.
As per the financials filed for FY 2022, the company reported a revenue of ₹19.14 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net loss of ₹63.97 Cr (net margin -334.2%) and EBITDA of -₹17.25 Cr (EBITDA margin -90.1%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years and 25% over five years.
The company had about 53 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹149.53 Cr on record. Court records list 22 cases involving the company, including 7 filed by the company and 15 filed against it; 8 cases are pending. The company has 6 deals on record (2 debt financings, 2 rights issues, 1 convertible or debt financing), with disclosed funding of ₹80.96 Cr; the latest was in June 2022. Its 4 peer companies in the Consumer Services industry (Hotels, Resorts), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.) are compared by revenue, 3 larger and 1 smaller; the largest is Mann Residency Private Limited with revenue of ₹19.19 Cr. The company has 19 MSME Form 1 returns on record between 2019 and 2023, listing 246 overdue payments to 32 micro and small suppliers.
The last known website on record is mars-world.com.
Company details
Contact details
Mars Hotels and Resorts Private Limited's registered office is in Mumbai, Maharashtra. Its website is mars-world.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOff Intl.Airportpproach Rd Marol Andheri (E), Mumbai, Maharashtra, India – 400059
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Mars Hotels and 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 Mars Hotels and 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. |
To see the full business activity and turnover split of Mars Hotels and Resorts Private Limited, buy the company report.
Financials of Mars Hotels and Resorts Private Limited
FY 2022 filings availableMars Hotels and Resorts Private Limited reported revenue of ₹19.14 Cr (down 40% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue fell 40% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 25%. EBITDA fell 296% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹19.14 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹17.25 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹63.97 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -90.1% | ||||
| Net Profit Margin | -334.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Mars Hotels and Resorts Private Limited, buy the company report.
Board of directors and KMP of Mars Hotels and Resorts Private Limited
Mars Hotels and Resorts Private Limited currently reports 2 directors and 1 key managerial person. 13 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arindam Chakraborty | Whole-Time Director | 30 Dec 2020 | 5 Years 10 Months | As last reported |
| Henry John Dmello | Whole-Time Director | 24 Feb 2020 | 6 Years 8 Months | As last reported |
| Kantilal Sujanmal Sethia Also directs: Striton Properties Private Limited | Company Secretary | 10 Apr 2010 | 16 Years 6 Months | As last reported |
Peer comparison
Mars Hotels and Resorts Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Mann Residency Private Limited | ₹19.19 Cr (FY 2025) | -1.0% | New Delhi, Delhi, India | |||
| Vandhara Resorts Private Limited | ₹19.18 Cr (FY 2024) | -7.0% | Mumbai, Maharashtra, India | |||
| Shamrock Global Private Limited | ₹19.17 Cr (FY 2025) | 33.0% | Raipur, Chhattisgarh, India | |||
| Mars Hotels and Resorts Private Limitedthis company | ₹19.14 Cr (FY 2022) | -₹63.97 Cr | -334.2% | -40.0% | 53 | Mumbai, Maharashtra, India |
| Mbgreens Hotels Private Limited | ₹18.89 Cr (FY 2025) | 24.0% | Delhi, India |
To see the full peer comparison of Mars Hotels and Resorts Private Limited, buy the company report.
Auditor
Mars Hotels and Resorts Private Limited is audited by B S R & Co. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2022 | 101248W/W-100022 |
Shareholding
The shareholding of Mars Hotels and Resorts 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 Mars Hotels and Resorts Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2021 | 100498536 | Axis Bank Limited | ₹3.46 Lakh | Satisfied | |
| 05 Aug 2019 | 100283842 | Others | ₹2 Cr | Satisfied | |
| 16 Jan 2018 | 100155529 | Others | ₹77.5 Cr | Satisfied | |
| 03 Aug 2012 | 10372276 | Tjsb Sahakari Bank Limited | ₹45 Cr | Satisfied | |
| 28 Apr 2005 | 80009625 | State Bank of India | ₹25 Cr | Satisfied |
To see the full charge records of Mars Hotels and Resorts Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Mars Hotels and Resorts Private Limited has 6 deals on record (2 debt financings, 2 rights issues, 1 convertible or debt financing), with disclosed funding of ₹80.96 Cr; the latest was in June 2022.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2022 | Debt financing | ₹12.48 Cr | Investors: Brookfield |
| Oct 2020 | Debt financing | ₹44 Cr | Investors: Brookfield |
| Feb 2020 | Rights issue | ₹12.63 Cr | Investors: Brookfield |
| Aug 2019 | Rights issue | ₹66 Cr | Investors: Brookfield |
| Jul 2019 | Acquisition | ₹915.04 Cr | Buyer: Brookfield Seller: 2 individuals |
To see the full deal history of Mars Hotels and Resorts Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Mars Hotels and Resorts Private Limited has 22 court cases on record: 7 filed by Mars Hotels and Resorts, 15 filed against it. 8 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 9 | 8 |
| High courts | 6 | 5 | 0 |
| Supreme Court | 2 | 1 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1807-Ordinary Civil Matters : Others) | Filed against the company by Sky Gourmet Catering P.Ltd. | Disposed |
| Bombay High Court | Court case (S) | Filed against the company by Wah,Restaurants Private Limited (Earlier Known As) Mars Restaurants Private Limited. and 2 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed against the company by Through Govt of Maharashtra Mr A M Sawarkar Government Labour Officer and Inspector | Pending |
To see the full case history of Mars Hotels and 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.
Credit ratings & regulatory alerts
Mars Hotels and Resorts Private Limited was last rated by Care on 14 Jun 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 14 Jun 2022 |
To see the full credit ratings and regulatory alerts of Mars Hotels and Resorts Private Limited, buy the company report.
MSME payment delays
Mars Hotels and Resorts Private Limited has 19 MSME Form 1 returns on record between 2019 and 2023, listing 246 overdue payments to 32 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 32)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Authbridge Research Services Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Mars Hotels and Resorts Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Mars Hotels and Resorts Private Limited has a workforce of 53 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Mars Hotels and Resorts has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM3827C1ZT | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mars Hotels and Resorts Private Limited, buy the company report.
Recent activity
Mars Hotels and Resorts Private Limited has 16 board changes on record since 2010: 3 appointments and 13 cessations. The latest: Arindam Chakraborty was appointed as Whole-Time Director on 30 Dec 2020.
19 earlier events are in the company report.
Frequently asked questions
Mars Hotels and Resorts has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Mars Hotels and Resorts was a private limited company based in Mumbai, Maharashtra, India. The company worked in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 13 September 1994 and is registered under CIN U55101MH1994PTC081092. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Mars Hotels and Resorts was incorporated on 13 September 1994. It is registered with the Registrar of Companies, Mumbai.
Mars Hotels and Resorts had 3 directors and KMP:
- Arindam Chakraborty - Whole-Time Director
- Henry John Dmello - Whole-Time Director
- Kantilal Sujanmal Sethia - Company Secretary
The CIN (Corporate Identification Number) of Mars Hotels and Resorts is U55101MH1994PTC081092. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Mars Hotels and Resorts is at Off Intl.Airportpproach Rd Marol Andheri E, Mumbai, Maharashtra, India – 400059.
Mars Hotels and Resorts can be reached through the website mars-world.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Mars Hotels and Resorts on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Mars Hotels and Resorts is 27AAACM3827C1ZT, registered in Maharashtra.
Mars Hotels and Resorts operated in the travel and hospitality industry, in the hotel and accommodation services segment.
Mars Hotels and Resorts has 6 deals on record (2 debt financings, 2 rights issues, 1 convertible or debt financing), with disclosed funding of ₹80.96 Cr; the latest was in June 2022.
The peers of Mars Hotels and Resorts by revenue are Mann Residency Private Limited, Vandhara Resorts Private Limited, Shamrock Global Private Limited, Mbgreens Hotels Private Limited, 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.).
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