About MRG Hotels Private Limited
Data last updated:
MRG Hotels Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of World Resorts 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 30 December 2003.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U55100KA2003PTC070140. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹2.75 Cr and a paid-up capital of ₹2.57 Cr. It was led by directors including Bidhubhusan Samal and Bipin Agarwal.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 31 & 32 Dasanapura Hobli Nagarur Village Off Tumkur Road, Bangalore, Karnataka, India – 562123.
As per the financials filed for FY 2018, the company reported a revenue of ₹7.26 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹39.07 Lakh (net margin 5.4%) and EBITDA of ₹1.2 Cr (EBITDA margin 16.5%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years.
As per MCA filings, the company had satisfied charges of ₹5.63 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 4 deals on record (4 secondary share transfers); the latest was in September 2012. Its 4 peer companies in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.) are compared by revenue, 2 larger and 2 smaller; the largest is Theme Ambience Resorts and Hotels Private Limited with revenue of ₹7.27 Cr.
The last known website on record is goldenpalmshotelmussoorie.com.
Company details
CIN history
MRG Hotels has one previous CIN (Corporate Identification Number): U55100PB2003PTC026650. The current CIN is U55100KA2003PTC070140, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U55100KA2003PTC070140 | Current |
| U55100PB2003PTC026650 | Previous |
Contact details
MRG Hotels Private Limited's registered office is in Bangalore, Karnataka. Its website is goldenpalmshotelmussoorie.com. Its e-mail address is in the company report.
- Email
- Registered Address31 & 32 Dasanapura Hobli Nagarur Village Off Tumkur Road, Bangalore, Karnataka, India – 562123
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of MRG 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 MRG 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 MRG Hotels Private Limited, buy the company report.
Financials of MRG Hotels Private Limited
FY 2018 filings availableMRG Hotels Private Limited reported revenue of ₹7.26 Cr (up 7% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over three years, including 7% growth in the latest year. EBITDA fell 35% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| 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 | ₹1.2 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹39.07 Lakh | |||
| 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 16.5% | |||
| Net Profit Margin | 5.4% | |||
| 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 MRG Hotels Private Limited, buy the company report.
Board of directors of MRG Hotels Private Limited
MRG Hotels has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bidhubhusan Samal | Director | 11 Jun 2011 | 15 Years 5 Months | As last reported |
| Bipin Agarwal Also directs: Iitl Projects Limited, Industrial Investment Trust Limited, Nimbus Projects Limited and 5 more | Director | 11 Jun 2011 | 15 Years 5 Months | As last reported |
| Venkatesan Narayanan Also directs: Signatureglobal (India) Limited, Forever Buildtech Limited | Director | 29 Mar 2016 | 10 Years 7 Months | As last reported |
Peer comparison
MRG Hotels Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Theme Ambience Resorts and Hotels Private Limited | ₹7.27 Cr (FY 2025) | 7.0% | Hyderabad, Telangana, India | |||
| Deccans Park Limited | ₹7.27 Cr (FY 2025) | -47.0% | North Boag Road, Madras-17, Tamil Nadu, India | |||
| MRG Hotels Private Limitedthis company | ₹7.26 Cr (FY 2018) | ₹39.07 Lakh | 5.4% | 7.0% | Bangalore, Karnataka, India | |
| Himalayan Vacations Private Limited | ₹7.26 Cr (FY 2025) | 31.0% | Nainital, Uttarakhand, India | |||
| Tall Trees Hotels Private Limited | ₹7.25 Cr (FY 2025) | -2.0% | Bhilwara, Rajasthan, India |
To see the full peer comparison of MRG Hotels Private Limited, buy the company report.
Auditor
MRG Hotels Private Limited is audited by MAHARAJ N R SURESH AND CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MAHARAJ N R SURESH AND CO | FY 2017 | 001931S |
Shareholding
The shareholding of MRG Hotels Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of MRG Hotels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jul 2018 | 100194679 | Hdfc Bank Limited | ₹3.42 Lakh | Satisfied | |
| 15 Feb 2011 | 10266726 | Small Industries Development Bank of India | ₹65 Lakh | Satisfied | |
| 17 Apr 2007 | 10048927 | Small Industries Developement Bank of India | ₹2.45 Cr | Satisfied | |
| 30 Nov 2004 | 90170052 | Small Industries Development Bank of India | ₹2.5 Cr | Satisfied |
To see the full charge records of MRG Hotels Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
MRG Hotels Private Limited has 4 deals on record (4 secondary share transfers); the latest was in September 2012.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: World Resorts Limited , an individual Seller: Sanjay Kumar Jain (HUF), Sohan Lal & Pardeep Kumar HUF, 2 individuals |
| Sep 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
MRG Hotels Private Limited has 1 court case on record: 1 filed by MRG Hotels. All case is disposed.
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, KARNATAKA | Writ petition | Filed by the company against individuals | Disposed |
To see the full case history of MRG 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 MRG Hotels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
MRG Hotels has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of MRG Hotels Private Limited, buy the company report.
Recent activity
MRG Hotels Private Limited has 16 board changes on record since 2011: 3 appointments and 13 cessations. The latest: Venkatesan Narayanan ceased to be Additional Director on 29 Sep 2016.
16 earlier events are in the company report.
Frequently asked questions
MRG Hotels 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.
MRG Hotels was a private limited company based in Bangalore, Karnataka, India. The company worked in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 30 December 2003 and is registered under CIN U55100KA2003PTC070140. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
MRG Hotels was incorporated on 30 December 2003. It is registered with the Registrar of Companies, Bangalore.
MRG Hotels had 3 directors:
- Bidhubhusan Samal - Director
- Bipin Agarwal - Director
- Venkatesan Narayanan - Director
The CIN (Corporate Identification Number) of MRG Hotels is U55100KA2003PTC070140. 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 MRG Hotels is at 31 & 32 Dasanapura Hobli Nagarur Village Off Tumkur Road, Bangalore, Karnataka, India – 562123.
MRG Hotels can be reached through the website goldenpalmshotelmussoorie.com. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of MRG Hotels on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
No. MRG Hotels has 2 GST registrations on record and all of them are cancelled or inactive.
MRG Hotels operated in the travel and hospitality industry, in the hotel and accommodation services segment.
MRG Hotels has 4 deals on record (4 secondary share transfers); the latest was in September 2012.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
