MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0056713
Ramee Hotels Private Limited - travel and hospitality in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹89.05 Cr
▲ 86% YoY
Net profit · FY 2023
₹11.67 Cr
Net margin 13.1%
EBITDA · FY 2023
₹33.95 Cr
EBITDA margin 38.1%
Authorised capital
₹50 Cr
Registered with MCA
Paid-up capital
₹37.91 Cr
Issued & subscribed
Open charges
₹200.32 Cr
Satisfied ₹147.25 Cr
Company age
28 yrs
Est. 1998
Employees · EPFO
166
Provident fund records
About Ramee Hotels Private Limited
Data last updated:
Ramee Hotels Private Limited is a private 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 02 June 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH1998PTC115198. Its GSTIN is 27AABCR3369M1ZX (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹37.91 Cr. It is led by directors including Rame Vardaraj Shetty and Reda Vardaraj 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 Plot No. 3 Kohinoor Road Dadar East, Mumbai, Maharashtra, India – 400014.
As per the financials filed for FY 2023, the company reported a revenue of ₹89.05 Cr, a growth of 86% compared to the previous year. For the same year it recorded a net profit of ₹11.67 Cr (net margin 13.1%) and EBITDA of ₹33.95 Cr (EBITDA margin 38.1%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 9% over five years.
The company has about 166 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.
As per MCA filings, the company has open charges of ₹200.32 Cr and satisfied charges of ₹147.25 Cr on record. Court records list 33 cases involving the company, including 23 filed by the company and 10 filed against it; 10 cases are pending. The company has 12 deals on record (5 rights issues, 4 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹210.26 Cr; the latest was in May 2025. Its 6 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 4 smaller; the largest is Alcon Real Estates Private Limited with revenue of ₹90.39 Cr.
Ramee Hotels Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0056713). 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 U55101MH1998PTC115198
Registration Number 115198
Incorporation Date 02 June 1998
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0056713
Key People
Rame Vardaraj Shetty Director Reda Vardaraj Shetty Director Vardaraj Manjappa Shetty Director Recognitions & Rankings of Ramee Hotels
Contact details
Ramee Hotels Private 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 AddressPlot No. 3 Kohinoor Road Dadar East, Mumbai, Maharashtra, India – 400014
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Ramee Hotels Private Limited, buy the company report.
Comprehensive company report
Ramee Hotels 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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Business activity
The main business activity of Ramee 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 Ramee Hotels Private Limited, buy the company report.
Financials of Ramee Hotels Private Limited
FY 2024 filings availableRamee Hotels Private Limited reported revenue of ₹89.05 Cr (up 86% YoY) for FY 2023.
Revenue · FY 2023
₹89.05 Cr ▲ 86%
Net profit · FY 2023
₹11.67 Cr margin 13.1%
EBITDA · FY 2023
₹33.95 Cr margin 38.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 86%
3 years · compounded
▲ 10%
5 years · compounded
▲ 9%
EBITDA CAGR growth
1 year
▲ 171%
3 years · compounded
▲ 28%
5 years · compounded
▲ 16%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 86% growth in the latest year. EBITDA rose 171% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹33.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.67 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38.1% | ||||
| Net Profit Margin | 13.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| 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 Ramee Hotels Private Limited, buy the company report.
Board of directors of Ramee Hotels Private Limited
Ramee Hotels has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
Peer comparison
Ramee Hotels Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Alcon Real Estates Private Limited | ₹90.39 Cr (FY 2025) | 8.0% | Panaji, Goa, India | |||
| Today Hotels (New Delhi) Private Limited | ₹90.23 Cr (FY 2025) | 13.0% | New Delhi, Delhi, India | |||
| Ramee Hotels Private Limitedthis company | ₹89.05 Cr (FY 2023) | ₹11.67 Cr | 13.1% | 86.0% | 166 | Mumbai, Maharashtra, India |
| Swosti Premium Limited | ₹88.93 Cr (FY 2025) | 28.0% | Khurda, Odisha, India | |||
| Oberoi Hotels Pvt.Ltd. | ₹88.86 Cr (FY 2025) | 4.0% | Kolkata, West Bengal, India | |||
| Berggruen Hotels Private Limited | ₹88.71 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Blugent Hospitality Private Limited | ₹88.53 Cr (FY 2025) | 29.0% | Maharashtra, India |
To see the full peer comparison of Ramee Hotels Private Limited, buy the company report.
Auditor
Ramee Hotels Private Limited is audited by For Kirtane & Pandit LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| For Kirtane & Pandit LLP | FY 2022 | 105215W/W100057 |
Shareholding
The shareholding of Ramee Hotels Private 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 Ramee Hotels Private Limited, buy the company report.
Charges & borrowings
Open charges
₹200.32 Cr
Satisfied charges
₹147.25 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2025 | 101164978 | Axis Bank Limited | ₹90 Cr | Open | |
| 07 Mar 2025 | 101069902 | Axis Bank Limited | ₹15 Cr | Open | |
| 27 Feb 2025 | 101108549 | Others | ₹18 Cr | Open | |
| 18 Jul 2024 | 100963080 | Hdfc Bank Limited | ₹21.25 Lakh | Open | |
| 01 Jun 2024 | 100960532 | Hdfc Bank Limited | ₹20.78 Lakh | Open |
To see the full charge records of Ramee Hotels Private Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Ramee Hotels Private Limited has 12 deals on record (5 rights issues, 4 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹210.26 Cr; the latest was in May 2025.
Total deals
12
Rights issues
5
Funding rounds
4
Convertible or debt financings
2
Secondary share transfer
1
Disclosed funding
₹210.26 Cr
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2025 | Rights issue | ₹14.5 Cr | Investors: Ramee Investment Limited |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Creative Hotels Private Limited Seller: an individual |
| Sep 2015 | Rights issue | ₹21.92 Cr | Investors: Ramee Investment Limited, Ramee Constructions Private Limited |
| Mar 2015 | Funding round | ₹5.98 Cr | Investors: Ramee Constructions Private Limited |
| Jan 2012 | Funding round | ₹165.44 Cr | Investors: Ramee Investment Limited, Raj Restaurant Pvt.Ltd. , Ramee Exports Private Limited , an individual |
To see the full deal history of Ramee Hotels 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
Ramee Hotels Private Limited has 33 court cases on record: 23 filed by Ramee Hotels, 10 filed against it. 10 cases are pending and 23 are disposed.
Total cases
33
Filed by the company
23
Filed against the company
10
Pending
10
Disposed
23
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 4 | 1 |
| District courts | 14 | 5 | 9 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (CAW) | Filed by the company against United Western Bank Ltd. and Ors. | Pending |
| Bombay High Court | Court case (COMIP) | Filed against the company by Sarovar Hotels Pvt Ltd | Disposed |
| Bombay High Court | Court case (NMCD) | Filed against the company by Sarovar Hotels Pvt Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Ms. Fine-Tone Realtors Pvt.Ltd | Disposed |
| Bombay High Court | Court case (AO) | Filed by the company against M/S. Fine-Tone Realtors Pvt. Ltd., | Disposed |
To see the full case history of Ramee 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.
Credit ratings & regulatory alerts
Ramee Hotels Private Limited was last rated by Icra on 16 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 16 Jul 2021 |
To see the full credit ratings and regulatory alerts of Ramee Hotels Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ramee Hotels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Ramee Hotels has 6 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
6
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Creative Hotels Private Limited | U55101MH1985PTC036199 | |
| Vihar Resorts and Hotels (India) Pvt Ltd | U55101MH1986PTC041907 | |
| Ramee Restaurant Private Limited | U55101MH1999PTC120913 | |
| Redboys Security & Protection Private Limited | U55101MH2000PTC124370 | |
| Regal Holiday Homes Private Limited | U55101MH2005PTC154344 | |
| Ramee Tour & Holidays Private Limited | U63040MH2006PTC163047 |
To see the full group structure of Ramee Hotels Private Limited, buy the company report.
Employees & EPFO
Ramee Hotels Private Limited has a workforce of 166 employees on its EPFO records as of Apr 05, 2024, across 2 active EPFO establishments.
Employee count
166
Active EPFO establishments
2
Employee growth
25.76%
GST
Ramee Hotels has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCR3369M1ZX | Maharashtra | Active | 01 Jul 2017 |
| 27AABCR3369M7ZR | Maharashtra | Active | 13 Jul 2017 |
| 27AABCR3369M8ZQ | Maharashtra | Active | 07 Dec 2018 |
| 27AABCR3369M9ZP | Maharashtra | Active | 12 Apr 2023 |
To see the full GST registrations and return filing status of Ramee Hotels Private Limited, buy the company report.
Recent activity
Ramee Hotels Private Limited has 9 board changes on record since 1998: 5 appointments and 4 cessations. The latest: Hafida Haddouga ceased to be Director on 21 Apr 2019.
Charges
A charge with Axis Bank Limited of Rs. 90.00 Cr registered on 25 Sep 2025 with Charge ID 101164978 was modified on 29 Sep 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 90.00 Cr with Charge ID 101164978 was registered on 25 Sep 2025.
Charges
A charge registered on 27 Sep 2021 via Charge ID 100513326 with Others was fully satisfied on 22 Sep 2025.
Charges
A charge registered on 08 Sep 2017 via Charge ID 100125593 with Others was fully satisfied on 22 Sep 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 15.00 Cr with Charge ID 101069902 was registered on 07 Mar 2025.
Charges
A charge with Others amounted to Rs. 18.00 Cr with Charge ID 101108549 was registered on 27 Feb 2025.
AGM
Ramee Hotels Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.21 Cr with Charge ID 100963080 was registered on 18 Jul 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.21 Cr with Charge ID 100960532 was registered on 01 Jun 2024.
Filing
Ramee Hotels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai I.
Charges
A charge with Karnataka Bank Ltd. amounted to Rs. 15.00 Cr with Charge ID 100914562 was registered on 28 Mar 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.16 Cr with Charge ID 100874944 was registered on 16 Dec 2023.
22 earlier events are in the company report.
News
Frequently asked questions
Ramee Hotels is an active 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 02 June 1998 (28+ years old) and is registered under CIN U55101MH1998PTC115198.
Ramee Hotels has 5 current directors:
- Rame Vardaraj Shetty - Director
- Reda Vardaraj Shetty - Director
- Vardaraj Manjappa Shetty - Director
- Hafida Haddouga - Director
- Ashok Muddu Shetty - Director
The latest financial statements of Ramee 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 Ramee Hotels is 27AABCR3369M1ZX, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AABCR3369M7ZR (Maharashtra), 27AABCR3369M8ZQ (Maharashtra), 27AABCR3369M9ZP (Maharashtra).
The CIN (Corporate Identification Number) of Ramee Hotels is U55101MH1998PTC115198. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ramee Hotels has 33 court cases on record: 23 filed by the company and 10 filed against it. 10 are pending. Most are in the high courts.
Ramee Hotels was incorporated on 02 June 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
Ramee Hotels has 12 deals on record (5 rights issues, 4 funding rounds, 2 convertible or debt financings), with disclosed funding of ₹210.26 Cr; the latest was in May 2025.
The peers of Ramee Hotels by revenue are Alcon Real Estates Private Limited, Today Hotels (New Delhi) Private Limited, Swosti Premium Limited, Oberoi Hotels Pvt.Ltd, Berggruen Hotels Private Limited and 1 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.).
Hafida Haddouga ceased to be Director on 21 Apr 2019. Santosh Raghu Shetty ceased to be Director on 16 Apr 2015. Ashok Muddu Shetty was appointed as Director on 15 Apr 2015. Ramee Hotels has 9 board changes on record in total.
Yes, Ramee Hotels is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0056713).
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