About Ramani Hotels Limited
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Ramani Hotels Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 04 September 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH1981PLC025142. Its GSTIN is 27AAACR5513J1ZE (Maharashtra). The company holds 7 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹39 Cr and a paid-up capital of ₹36.28 Cr. It was formerly known as Ramani Hotels Private Limited. It is led by directors including Rame Vardaraj Shetty and Jaya Kuddu Shetty.
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 462 Abnair Road Juhu, Mumbai, Maharashtra, India – 400049.
As per the financials filed for FY 2024, the company reported a revenue of ₹85.47 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹1.91 Cr (net margin 2.2%) and EBITDA of ₹11.11 Cr (EBITDA margin 13%). Revenue has grown at a compounded annual rate (CAGR) of 69% over three years and 6% over five years.
The company has about 44 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹171.6 Cr and satisfied charges of ₹97.1 Cr on record. Court records list 113 cases involving the company, including 63 filed by the company and 50 filed against it; 27 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rameehotels.com.
Company details
CIN history
Ramani Hotels has one previous CIN (Corporate Identification Number): L55101MH1981PLC025142. The current CIN is U55101MH1981PLC025142, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U55101MH1981PLC025142 | Current |
| L55101MH1981PLC025142 | Previous |
Contact details
Ramani Hotels Limited's registered office is in Mumbai, Maharashtra. Its website is rameehotels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address462 Abnair Road Juhu, Mumbai, Maharashtra, India – 400049
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Ramani Hotels 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 Ramani 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 Ramani Hotels Limited, buy the company report.
Financials of Ramani Hotels Limited
FY 2024 filings availableRamani Hotels Limited reported revenue of ₹85.47 Cr (up 19% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 19% growth in the latest year. EBITDA fell 8% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹11.11 Cr | ||||
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| Net Profit (PAT) | ₹1.91 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13% | ||||
| Net Profit Margin | 2.2% | ||||
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To see the full financial statements and ratios of Ramani Hotels Limited, buy the company report.
Board of directors of Ramani Hotels Limited
Ramani Hotels has 7 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rame Vardaraj Shetty Also directs: Ramee Constructions Private Limited, Creative Hotels Private Limited, Ramee Hotels Private Limited and 3 more | Director | 17 Mar 2010 | 16 Years 7 Months | Current |
| Jaya Kuddu Shetty | Director | 12 Aug 2019 | 7 Years 2 Months | Current |
| Reda Vardaraj Shetty Also directs: Ramee Exports Private Limited, Ramee Sugar and Infrastructure Private Limited, Ramee Infrastructure Private Limited and 5 more | Director | 23 Jul 2012 | 14 Years 3 Months | Current |
| Vardaraj Manjappa Shetty Also directs: Ramee Exports Private Limited, Ramee Sugar and Infrastructure Private Limited, Ramee Infrastructure Private Limited and 5 more | Director | 17 Sep 2002 | 24 Years 1 Months | Current |
| Hafida Haddouga Also directs: Creative Hotels Private Limited, Vihar Resorts and Hotels (India) Pvt Ltd, Ramee Hotels Private Limited and 3 more | Director | 17 Sep 2002 | 24 Years 1 Months | Current |
| Jayaprakash Shetty | Director | 27 Mar 2015 | 11 Years 6 Months | Current |
Peer comparison
Ramani Hotels Limited is compared with the 4 companies closest to it by revenue in the Consumer Services industry (Hotels, Real Estate Leasing), 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 |
|---|---|---|---|---|---|---|
| S. P. Jaiswal Estates Private Limited | ₹86.38 Cr (FY 2025) | 6.0% | Kolkata, West Bengal, India | |||
| Rockwood Hotels and Resorts Limited | ₹85.99 Cr (FY 2024) | 14.0% | Mumbai, Maharashtra, India | |||
| Ramani Hotels Limitedthis company | ₹85.47 Cr (FY 2024) | ₹1.91 Cr | 2.2% | 19.0% | 44 | Mumbai, Maharashtra, India |
| Gujrals Restaurants & Hotels Limited | ₹84.78 Cr (FY 2025) | 45.0% | Kolkata, West Bengal, India | |||
| Riverside Resorts and Holiday Homes Private Limited | ₹84.56 Cr (FY 2025) | -14.0% | Bardez, Goa, India |
To see the full peer comparison of Ramani Hotels Limited, buy the company report.
Auditor
Ramani Hotels Limited is audited by Kirtane & Pandit LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kirtane & Pandit LLP | FY 2022 | 105215W/W100057 |
Shareholding
The shareholding of Ramani Hotels Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ramani Hotels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Mar 2025 | 101069910 | Axis Bank Limited | ₹15 Cr | Open | |
| 24 Jul 2024 | 100962069 | Indian Overseas Bank | ₹20 Lakh | Open | |
| 12 Jun 2024 | 100942769 | Axis Bank Limited | ₹24.59 Cr | Open | |
| 14 Jul 2023 | 100763768 | Axis Bank Limited | ₹4.25 Cr | Open | |
| 28 Apr 2023 | 100810589 | Axis Bank Limited | ₹15 Cr | Open |
To see the full charge records of Ramani Hotels Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Ramani Hotels Limited has 113 court cases on record: 63 filed by Ramani Hotels, 50 filed against it. 27 cases are pending and 86 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 76 | 27 | 20 |
| District courts | 36 | 22 | 7 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 113)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Original application | Filed by the company against Robust Hotels Limited | Pending |
| Madras High Court | Appeal | Filed by the company against Ifci Ltd. (Formerly Industrial and 3 others | Disposed |
| Madras High Court | Appeal | Filed by the company against Icici Bank Ltd., and 3 others | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by M/S.Cbre South Asia Pvt Ltd M/S.Rohini Ravikumar, Bhavani S,R.Rachana,Mahesh Kumar S | Disposed |
| High Court, TAMIL NADU | Appeal | Filed by the company against Icici Bank Ltd., and 7 others | Disposed |
To see the full case history of Ramani Hotels 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
Ramani Hotels Limited was last rated by Icra on 17 May 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 17 May 2019 |
To see the full credit ratings and regulatory alerts of Ramani Hotels Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ramani Hotels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ramani Hotels has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Ramee Exports Private Limited | U15110MH1999PTC122412 |
To see the full group structure of Ramani Hotels Limited, buy the company report.
Employees & EPFO
Ramani Hotels Limited has a workforce of 44 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Ramani Hotels has 7 GST registrations: 6 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR5513J1ZE | Maharashtra | Active | 01 Jul 2017 |
| 27AAACR5513J2ZD | Maharashtra | Active | 24 Apr 2023 |
| 29AAACR5513J1ZA | Karnataka | Active | 01 Jul 2017 |
| 33AAACR5513J1ZL | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ramani Hotels Limited, buy the company report.
Recent activity
Ramani Hotels Limited has 11 board changes on record since 2002: 7 appointments and 4 cessations. The latest: Jaya Kuddu Shetty was appointed as Director on 12 Aug 2019.
22 earlier events are in the company report.
News
Frequently asked questions
Ramani Hotels is an active public 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 04 September 1981 (45+ years old) and is registered under CIN U55101MH1981PLC025142.
Ramani Hotels has 7 current directors:
- Rame Vardaraj Shetty - Director
- Jaya Kuddu Shetty - Director
- Reda Vardaraj Shetty - Director
- Vardaraj Manjappa Shetty - Director
- Hafida Haddouga - Director
- Jayaprakash Shetty - Director
- Ashok Muddu Shetty - Director
The latest financial statements of Ramani Hotels on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Ramani Hotels is 27AAACR5513J1ZE, registered in Maharashtra. The company has 7 GST registrations in all, of which 6 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACR5513J2ZD (Maharashtra), 29AAACR5513J1ZA (Karnataka), 33AAACR5513J1ZL (Tamil Nadu).
The CIN (Corporate Identification Number) of Ramani Hotels is U55101MH1981PLC025142. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ramani Hotels has 113 court cases on record: 63 filed by the company and 50 filed against it. 27 are pending. Most are in the high courts.
Ramani Hotels was incorporated on 04 September 1981, making it 45+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ramani Hotels by revenue are S. P. Jaiswal Estates Private Limited, Rockwood Hotels and Resorts Limited, Gujrals Restaurants & Hotels Limited, Riverside Resorts and Holiday Homes Private Limited, all in the Consumer Services industry (Hotels, Real Estate Leasing), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Jaya Kuddu Shetty was appointed as Director on 12 Aug 2019. Santosh Raghu Shetty ceased to be Director on 16 Apr 2015. Ashok Muddu Shetty was appointed as Director on 15 Apr 2015. Ramani Hotels has 11 board changes on record in total.
Ramani Hotels can be reached through the website rameehotels.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Ramani Hotels is at 462 Abnair Road Juhu, Mumbai, Maharashtra, India – 400049.