Gstaad Hotels Private Limited
About Gstaad Hotels Private Limited
Data last updated:
Gstaad Hotels Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 10 December 2003.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH2003PTC143481. Its GSTIN is 29AACCG1048B1Z2 (Karnataka). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹260 Cr and a paid-up capital of ₹125.01 Cr. It was formerly known as Gstad Hotels Private Limited. It is led by directors including Deepak Bhagwandas Raheja and Anita Deepak Raheja.
Its last annual general meeting (AGM) was held on 29 December 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹64.59 Cr, a growth of 74% compared to the previous year. For the same year it recorded a net loss of ₹81.5 Cr (net margin -126.2%) and EBITDA of ₹11.92 Cr (EBITDA margin 18.4%). Revenue has declined at a compounded annual rate (CAGR) of 29% over three years and 15% over five years.
The company has about 380 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹713.79 Cr and satisfied charges of ₹1,824 Cr on record. Court records list 61 cases involving the company, including 13 filed by the company and 48 filed against it; 18 cases are pending. The company has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹98.5 Cr; the latest was in June 2021. Its 7 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, 5 larger and 2 smaller; the largest is Mannat Group of Hotels Private Limited with revenue of ₹134.67 Cr. The company has 14 MSME Form 1 returns on record between 2019 and 2023, listing 515 overdue payments to 140 micro and small suppliers.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address4th Floor Raheja Chambers Linking Road And Main Avenue Santacruz, West, Mumbai, Maharashtra, India – 400054
- 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
The main business activity of Gstaad Hotels is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc. and food and beverage services provided by hotels, restaurants, caterers, etc.. 2 activity segments are registered with the MCA.
| 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 |
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, 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
Financials of Gstaad Hotels Private Limited
FY 2022 filings availableGstaad Hotels Private Limited reported revenue of ₹64.59 Cr (up 74% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 74% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 15%. 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 2017-18 to FY 2020-21in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | ₹64.59 Cr | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹11.92 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹81.5 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 2017-18 to FY 2020-21in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 18.4% | |
| Net Profit Margin | -126.2% | |
| 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, and every line for FY 2017-18 to FY 2020-21, 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 Gstaad Hotels are in the company report.
: available in the company report
Board of Directors of Gstaad Hotels Private Limited
Gstaad Hotels has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Peer Comparison
Gstaad Hotels Private Limited is compared with the 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.). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mannat Group of Hotels Private Limited | ₹134.67 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Sonipat, Haryana, India |
| The Lake Palace Hotels & Motels Private Limited | ₹134.23 Cr (FY 2025) | •••• | •••• | 25.0% | •••• | Udaipur, Rajasthan, India |
| Claridges Hotel Private Limited | ₹134.18 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | New Delhi, Delhi, India |
| Treebo Hospitality Ventures Private Limited | ₹133.83 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Bangalore, Karnataka, India |
| Ambuj Hotel and Real Estate Private Limited | ₹133.82 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Uttar Pradesh, India |
| Jungle Lodges and Resorts Limited | ₹130.36 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Bangalore, Karnataka, India |
| Chartered Hotels Pvt Ltd | ₹127.45 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Mumbai, Maharashtra, India |
| Gstaad Hotels Private Limited this company | ₹64.59 Cr (FY 2022) | •••• | •••• | 74.0% | •••• | Mumbai, Maharashtra, India |
Peers are the companies nearest to Gstaad Hotels by revenue, above and below it, 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. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Gstaad Hotels Private Limited is audited by VINAYAK NATRAJAN CHETTIYAR for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VINAYAK NATRAJAN CHETTIYAR | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 11 Mar 2022 | Idbi Trusteeship Services Limited | ₹65 Cr | Open |
| 25 Feb 2021 | Idbi Trusteeship Services Limited | ₹117.5 Cr | Open |
| 26 Dec 2017 | Others | ₹500 Cr | Open |
| 07 Nov 2013 | Idbi Trusteeship Services Limited | ₹31.29 Cr | Open |
| 09 Sep 2015 | Idbi Trusteeship Services Limited | ₹350 Cr | Satisfied |
Total charge records: 11 View all charges
Deals & Funding
Gstaad Hotels Private Limited has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹98.5 Cr; the latest was in June 2021.
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2021 | Secondary share transfer | Undisclosed | Buyer: First Choice Properties Private Limited, an individual Seller: Marvel Fragrances Private Limited |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: D B R Properties Pvt Ltd |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: D B R Properties Pvt Ltd Seller: Advantage Raheja Builders Private Limite D, Santorini Realty Private Limited , Annonay Traders And Developers Private L Imited |
| Dec 2012 | Secondary share transfer | Undisclosed | Buyer: Annonay Traders And Developers Private L Imited, Santorini Realty Private Limited , Advantage Raheja Builders Private Limite D, an individual Seller: an individual |
| Dec 2010 | Funding round | ₹12.5 Cr | Investors: Marvel Fragrances Private Limited , Royal Investments Private Limited , 2 individuals |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Gstaad Hotels Private Limited has 61 court cases on record: 13 filed by Gstaad Hotels, 48 filed against it. 18 cases are pending and 43 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 21 | 5 |
| High courts | 20 | 10 | 5 |
| NCLAT | 13 | 13 | 7 |
| NCLT | 4 | 4 | 0 |
| Supreme Court | 2 | 0 | 1 |
Cases on record (5 of 61)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Sachana Exports Private Limited | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Firstchoice Properties India Private Limited | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.A.A.) | Filed by the company against Omkara Assets Reconstruction Pvt Ltd and 4 others | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Sachana Exports Private Limited | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Firstchoice Properties India Private Limited | Pending |
: available in 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
Gstaad Hotels Private Limited has 14 MSME Form 1 returns on record between 2019 and 2023, listing 515 overdue payments to 140 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 140)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Ascot Chocolate Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
Gstaad Hotels Private Limited has a workforce of 380 employees as of Sep 24, 2025.
: available in the company report
Recent Activity
Gstaad Hotels Private Limited has 14 board changes on record since 2006: 7 appointments and 7 cessations. The latest: Jayesh Natvarlal Sanghrajka was appointed as Irp/Rp/Liquidator on 29 Jan 2024.
31 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Gstaad Hotels has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCG1048B1Z2 | Karnataka | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Gstaad Hotels is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Gstaad Hotels is a company under insolvency, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 10 December 2003 and is registered under CIN U55101MH2003PTC143481. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Gstaad Hotels has 6 current directors:
- Deepak Bhagwandas Raheja - Director
- Anita Deepak Raheja - Director
- Sunil Madhavdas Ahuja - Director
- Shiv Deepak Raheja - Director
- Aditya Deepak Raheja - Director
- Ravi Motilal Kalra - Director
The latest financial statements of Gstaad Hotels on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 29 December 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Gstaad Hotels is U55101MH2003PTC143481. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gstaad Hotels has open charges of ₹713.79 Cr and satisfied charges of ₹1,824 Cr as per latest MCA filings.
Gstaad Hotels has 61 court cases on record: 13 filed by the company and 48 filed against it. 18 are pending. Most are in the district courts.
Gstaad Hotels was incorporated on 10 December 2003. It is registered with the Registrar of Companies, Mumbai.
Gstaad Hotels has 8 deals on record (6 secondary share transfers, 2 funding rounds), with disclosed funding of ₹98.5 Cr; the latest was in June 2021.
The peers of Gstaad Hotels by revenue are Mannat Group of Hotels Private Limited, The Lake Palace Hotels & Motels Private Limited, Claridges Hotel Private Limited, Treebo Hospitality Ventures Private Limited, Ambuj Hotel and Real Estate Private Limited and 2 more, all in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Jayesh Natvarlal Sanghrajka was appointed as Irp/Rp/Liquidator on 29 Jan 2024. Anita Deepak Raheja ceased to be Additional Director on 30 Dec 2021. Ravi Motilal Kalra ceased to be Additional Director on 30 Dec 2021. Gstaad Hotels has 14 board changes on record in total.
Gstaad Hotels has 14 MSME Form 1 returns on record between 2019 and 2023, listing 515 overdue payments to 140 micro and small suppliers. The latest return was filed on 04 Nov 2023.