India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,320 Pankaj Lochan Mohanty ₹1,700 Cr
Revenue · FY 2025
₹46,000
▼ 99% YoY
Net loss · FY 2025
₹3.08 Cr
Latest filing
EBITDA · FY 2025
-₹2.95 Cr
Latest filing
Authorised capital
₹20 Cr
Registered with MCA
Paid-up capital
₹15.35 Cr
Issued & subscribed
Open charges
₹104.82 Cr
Satisfied ₹104.82 Cr
Company age
5 yrs
Est. 2021
Directors on board
4
As per MCA filings
About MGM Resorts Private Limited
Data last updated:
MGM Resorts Private Limited is a private limited company based in Bhubaneswar, Odisha, India, a subsidiary of Mgm Minerals Limited. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 16 February 2021 and has been in existence for over 5 years.
Its director Pankaj Lochan Mohanty is #1,320 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U55101OR2021PTC035622. Its GSTIN is 21AAOCM3055E1ZR (Odisha).
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹15.35 Cr. It is led by directors including Siddhartha Mohanty (Whole-Time Director) and Padma Lochan Mohanty.
Its last annual general meeting (AGM) was held on 11 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No. – 65 Forest Park Unit – I Bhubaneswar, Odisha, India – 751009.
As per the financials filed for FY 2025, the company reported a revenue of ₹46,000, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹3.08 Cr and EBITDA of -₹2.95 Cr. Revenue has declined at a compounded annual rate (CAGR) of 64% over three years.
As per MCA filings, the company has open charges of ₹104.82 Cr and satisfied charges of ₹104.82 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 2 deals on record (1 rights issue, 1 convertible or debt financing), with disclosed funding of ₹40 Cr; the latest was in November 2021. Its 10 peer companies in the Consumer Services industry (Hotels, Resorts) are compared by revenue, 5 larger and 5 smaller; the largest is Coconut Grove Hotel and Restaurant Private Limited with revenue of ₹46,984.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mgmmin.in.
Company details
CIN U55101OR2021PTC035622
Registration Number 035622
Incorporation Date 16 February 2021
ROC Cuttack
Listing Status Unlisted
Company Status Active
Date of Last AGM 11 July 2025
Date of Balance Sheet 31 March 2025
Parent Company Mgm Minerals Limited
Compliance Status Active Compliant
Key People
Siddhartha Mohanty Whole-Time Director Padma Lochan Mohanty Director Sabita Mohanty Director Recognitions & Rankings of MGM Resorts
Contact details
MGM Resorts Private Limited's registered office is in Bhubaneswar, Odisha. Its website is mgmmin.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. – 65 Forest Park Unit – I Bhubaneswar, Odisha, India – 751009
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of MGM Resorts Private Limited, buy the company report.
Comprehensive company report
MGM Resorts Private Limited - one report that includes everything
- 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
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Financials of MGM Resorts Private Limited
FY 2025 filings availableMGM Resorts Private Limited reported revenue of ₹46,000 (down 99% YoY) for FY 2025.
Revenue · FY 2025
₹46,000 ▼ 99%
Net loss · FY 2025
₹3.08 Cr
EBITDA · FY 2025
-₹2.95 Cr
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 99%
3 years · compounded
▼ 64%
EBITDA CAGR growth
3 years · compounded
▼ 490%
Revenue has declined at a compounded annual rate (CAGR) of 64% over three years, including a 99% fall 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.08 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Inventories | |||||
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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 | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of MGM Resorts Private Limited, buy the company report.
Board of directors of MGM Resorts Private Limited
MGM Resorts has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Padma Lochan Mohanty Also directs: Wildlotus Textile Private Limited, Wildlotus Fashions Private Limited, MGM Biofuels Private Limited and 5 more | Director | 16 Feb 2021 | 5 Years 8 Months | Current |
| Siddhartha Mohanty Also directs: MGM Classic Agricon Private Limited, MGM Biofuels Private Limited, Veggiekart Marketing Private Limited and 5 more | Whole-Time Director | 06 May 2021 | 5 Years 5 Months | Current |
| Sabita Mohanty Also directs: Wildlotus Textile Private Limited, Wildlotus Fashions Private Limited, MGM Biofuels Private Limited and 5 more | Director | 16 Feb 2021 | 5 Years 8 Months | Current |
| Pankaj Lochan Mohanty Also directs: Kalingascroll Media Services LLP, MGM Classic Agricon Private Limited, Wildlotus Textile Private Limited and 5 more | Director | 16 Feb 2021 | 5 Years 8 Months | Current |
Peer comparison
MGM Resorts Private Limited is compared with the 10 companies closest to it by revenue in the Consumer Services industry (Hotels, Resorts), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Coconut Grove Hotel and Restaurant Private Limited | ₹46,984 (FY 2022) | -95.0% | Pune, Maharashtra, India | |||
| Dius Hotels and Holiday Resorts Private Limited | ₹46,974 (FY 2025) | -94.0% | Kolkata, West Bengal, India | |||
| Nanak Sagar Tiger Resort Private Limited | ₹46,900 (FY 2025) | Bareilly, Uttar Pradesh, India | ||||
| Vedaaranya Healing (OPC) Private Limited | ₹46,776 (FY 2025) | -91.0% | Sikar, Rajasthan, India | |||
| Farohar Resorts Private Limited | ₹46,460 (FY 2025) | 2.0% | Mumbai, Maharashtra, India | |||
| MGM Resorts Private Limitedthis company | ₹46,000 (FY 2025) | -₹3.08 Cr | -99.0% | Bhubaneswar, Odisha, India | ||
| Singleton Resorts Private Limited | ₹46,000 (FY 2018) | -34.0% | Pilerne Bardez, Goa, India | |||
| Civic Buildtech Private Limited | ₹45,965 (FY 2025) | -99.0% | New Delhi, Delhi, India | |||
| Soho Hospitality India Private Limited | ₹45,800 (FY 2025) | Mumbai, Maharashtra, India | ||||
| Radhevansh Infrastructure and Resorts Private Limited | ₹45,600 (FY 2025) | 644.0% | Indore, Madhya Pradesh, India | |||
| Siswan Resorts Private Limited | ₹45,600 (FY 2023) | -90.0% | Mohali, Punjab, India |
To see the full peer comparison of MGM Resorts Private Limited, buy the company report.
Auditor
MGM Resorts Private Limited is audited by A K Sabat & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A K Sabat & Co | FY 2023 | 321012E |
Shareholding
The shareholding of MGM Resorts Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of MGM Resorts Private Limited, buy the company report.
Charges & borrowings
Open charges
₹104.82 Cr
Satisfied charges
₹104.82 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Apr 2024 | 100899545 | Indian Bank | ₹104.82 Cr | Satisfied |
To see the full charge records of MGM Resorts Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
MGM Resorts Private Limited has 2 deals on record (1 rights issue, 1 convertible or debt financing), with disclosed funding of ₹40 Cr; the latest was in November 2021.
Total deals
2
Rights issue
1
Convertible or debt financing
1
Disclosed funding
₹40 Cr
Deals on record (1 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2021 | Rights issue | ₹99 Lakh | Investors: MGM Minerals Limited |
To see the full deal history of MGM 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
MGM Resorts Private Limited has 1 court case on record: 1 filed by MGM Resorts. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Orissa | Writ petition | Filed by the company against State of Odisha | Disposed |
To see the full case history of MGM 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 MGM Resorts Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
MGM Resorts Private Limited has 1 active EPFO establishment as of Apr 08, 2024.
Active EPFO establishments
1
GST
MGM Resorts has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAOCM3055E1ZR | Odisha | Active | 06 Apr 2021 |
To see the full GST registrations and return filing status of MGM Resorts Private Limited, buy the company report.
Recent activity
MGM Resorts Private Limited has 4 board changes on record since 2021: 4 appointments. The latest: Siddhartha Mohanty was appointed as Whole-Time Director on 06 May 2021.
Charges
A charge registered on 01 Apr 2024 via Charge ID 100899545 with Indian Bank was fully satisfied on 04 Feb 2026.
AGM
Mgm Resorts Private Limited last Annual general meeting of members was held on 11 Jul 2025 as per latest MCA records.
Filing
Mgm Resorts Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Cuttack.
Charges
A charge with Indian Bank amounted to Rs. 104.82 Cr with Charge ID 100899545 was registered on 01 Apr 2024.
Appointed
Siddhartha Mohanty was appointed as Whole-Time Director.
Appointed
Padma Lochan Mohanty was appointed as Director.
Appointed
Pankaj Lochan Mohanty was appointed as Director.
Appointed
Sabita Mohanty was appointed as Director.
Incorporation
16 Feb 2021
Mgm Resorts Private Limited was registered on 16 Feb 2021 with Roc Cuttack & aged 5 years 8 months as per MCA records.
Frequently asked questions
MGM Resorts is an active private limited company based in Bhubaneswar, Odisha, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 16 February 2021 (5+ years old) and is registered under CIN U55101OR2021PTC035622.
MGM Resorts has 4 current directors:
- Siddhartha Mohanty - Whole-Time Director
- Padma Lochan Mohanty - Director
- Sabita Mohanty - Director
- Pankaj Lochan Mohanty - Director
The latest financial statements of MGM Resorts on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 July 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of MGM Resorts is 21AAOCM3055E1ZR, registered in Odisha.
The CIN (Corporate Identification Number) of MGM Resorts is U55101OR2021PTC035622. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MGM Resorts has 1 court case on record: 1 filed by the company.
MGM Resorts was incorporated on 16 February 2021, making it 5+ years old. It is registered with the Registrar of Companies, Cuttack.
MGM Resorts has 2 deals on record (1 rights issue, 1 convertible or debt financing), with disclosed funding of ₹40 Cr; the latest was in November 2021.
The peers of MGM Resorts by revenue are Coconut Grove Hotel and Restaurant Private Limited, Dius Hotels and Holiday Resorts Private Limited, Nanak Sagar Tiger Resort Private Limited, Vedaaranya Healing (OPC) Private Limited, Farohar Resorts Private Limited and 5 more, all in the Consumer Services industry (Hotels, Resorts).
Siddhartha Mohanty was appointed as Whole-Time Director on 06 May 2021. Padma Lochan Mohanty was appointed as Director on 16 Feb 2021. Pankaj Lochan Mohanty was appointed as Director on 16 Feb 2021. MGM Resorts has 4 board changes on record in total.
MGM Resorts can be reached through the website mgmmin.in. Its registered office is in Bhubaneswar, Odisha, India.
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