MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0116461
Rhythm Hospitality Private Limited - travel and hospitality in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹45.73 Cr
▼ 7% YoY
Net profit · FY 2024
₹1.71 Cr
Net margin 3.7%
EBITDA · FY 2024
₹2.68 Cr
EBITDA margin 5.9%
Authorised capital
₹11 Cr
Registered with MCA
Paid-up capital
₹10.01 Cr
Issued & subscribed
Open charges
₹31.54 Lakh
Satisfied ₹33.3 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
79
Provident fund records
About Rhythm Hospitality Private Limited
Data last updated:
Rhythm Hospitality 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 15 July 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65944MH1993PTC072876. Its GSTIN is 27AAACR5909C1ZL (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹10.01 Cr. It was formerly known as Rhythm Exports Private Limited and Rhythm Realty Private Limited. It is led by directors including Ashok Ganeshnarayan Jatia and Ashish Jaita.
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 3 Krishnamahal63Marinedrivedroad, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2024, the company reported a revenue of ₹45.73 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹1.71 Cr (net margin 3.7%) and EBITDA of ₹2.68 Cr (EBITDA margin 5.9%). Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 12% over five years.
The company has about 79 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 3 brands: Rhythm Hospitality, Rhythm Lonavala and Rhythm ResiTel. As per MCA filings, the company has open charges of ₹31.54 Lakh and satisfied charges of ₹33.3 Cr on record. Court records list 7 cases involving the company, including 1 filed by the company and 6 filed against it; 1 case is pending.
Rhythm Hospitality Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0116461). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website rhythmresitel.com.
Company details
CIN U65944MH1993PTC072876
Registration Number 072876
Incorporation Date 15 July 1993
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 Non-Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0116461
Name history
Rhythm Hospitality has undergone 3 name changes throughout its history. The company was previously known as Rhythm Exports Private Limited, Rhythm Realty Private Limited, and Rohaka Leasing & Finance Private Limited. The current legal name is Rhythm Hospitality Private Limited.
| Company Name | Status |
|---|---|
| Rhythm Hospitality Private Limited | Current |
| Rhythm Exports Private Limited | Previous |
| Rhythm Realty Private Limited | Previous |
| Rohaka Leasing & Finance Private Limited | Previous |
Recognitions & Rankings of Rhythm Hospitality
Contact details
Rhythm Hospitality Private Limited's registered office is in Mumbai, Maharashtra. Its website is rhythmresitel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3 Krishnamahal63Marinedrivedroad, Mumbai, Maharashtra, India – 400020
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Rhythm Hospitality Private Limited, buy the company report.
Comprehensive company report
Rhythm Hospitality 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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Brands
Rhythm Hospitality operates multiple associated brands including Rhythm Hospitality, Rhythm Lonavala, and Rhythm ResiTel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A luxury hotel and resort brand offering exquisite suites, multi-cuisine restaurants, event halls, and exceptional hospitality services. | rhythmhospitality.com | |
| Luxury resort services focused on accommodation, dining, and events in Lonavala, India. | rhythmlonavala.in | |
| Real estate investments and hospitality management services focused on rental income properties in India. | rhythmresitel.com |
Business activity
The main business activity of Rhythm Hospitality 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 Rhythm Hospitality Private Limited, buy the company report.
Financials of Rhythm Hospitality Private Limited
FY 2024 filings availableRhythm Hospitality Private Limited reported revenue of ₹45.73 Cr (down 7% YoY) for FY 2024.
Revenue · FY 2024
₹45.73 Cr ▼ 7%
Net profit · FY 2024
₹1.71 Cr margin 3.7%
EBITDA · FY 2024
₹2.68 Cr margin 5.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 41%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▼ 68%
5 years · compounded
▼ 13%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 68% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹45.73 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.71 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.9% | ||||
| Net Profit Margin | 3.7% | ||||
| 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 Rhythm Hospitality Private Limited, buy the company report.
Board of directors of Rhythm Hospitality Private Limited
Rhythm Hospitality has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Ganeshnarayan Jatia Also directs: Ovo Advisory LLP, Jatia Family Ventures India LLP, Echo Valley Developers Pvt Ltd and 5 more | Director | 16 Oct 1993 | 33 Years 0 Months | Current |
| Ashish Jaita | Director | 08 Dec 2010 | 15 Years 11 Months | Current |
| Vaibhav Jatia Also directs: Ovo Advisory LLP, Jatia Family Ventures India LLP, Vaj Marketing and Investments Private Limited and 5 more | Director | 08 Dec 2010 | 15 Years 11 Months | Current |
Auditor
Rhythm Hospitality Private Limited is audited by Shah Modi Katudia & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shah Modi Katudia & Co. LLP | FY 2024 | W100214 |
Shareholding
The shareholding of Rhythm Hospitality Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Rhythm Hospitality Private Limited, buy the company report.
Charges & borrowings
Open charges
₹31.54 Lakh
Satisfied charges
₹33.3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Nov 2024 | 101011689 | Hdfc Bank Limited | ₹20 Lakh | Open | |
| 09 Nov 2022 | 100645520 | Hdfc Bank Limited | ₹5.2 Lakh | Open | |
| 22 Apr 2022 | 100572983 | Hdfc Bank Limited | ₹6.34 Lakh | Open | |
| 16 Apr 2019 | 100258684 | Others | ₹9.8 Cr | Satisfied | |
| 16 Aug 2011 | 10309059 | State Bank of India | ₹23.5 Cr | Satisfied |
To see the full charge records of Rhythm Hospitality Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Rhythm Hospitality Private Limited has 7 court cases on record: 1 filed by Rhythm Hospitality, 6 filed against it. 1 case is pending and 6 are disposed.
Total cases
7
Filed by the company
1
Filed against the company
6
Pending
1
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 1 |
| High courts | 2 | 2 | 0 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1418-Criminal Matters : Others) | Filed against the company by M/S Thinkgen Ltd. | Disposed |
| District court, Gurugram, Haryana | Arbitration matter | Filed against the company by an individual | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (1418-Criminal Matters : Others) | Filed against the company by M/S Think Gen Ltd . | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by The Commissioner of Income-Tax,Mumbai. | Disposed |
To see the full case history of Rhythm Hospitality 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 Rhythm Hospitality Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Rhythm Hospitality has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
2
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Jatia Family Hotels & Resorts Private Limited | U55100MH1993PTC074095 | |
| Chidambaram Mulraj and Company Private Limited | U55101MH1943PTC003951 |
To see the full group structure of Rhythm Hospitality Private Limited, buy the company report.
Employees & EPFO
Rhythm Hospitality Private Limited has a workforce of 79 employees on its EPFO records as of Apr 17, 2024, across 1 active EPFO establishment.
Employee count
79
Active EPFO establishments
1
Employee growth
29.51%
GST
Rhythm Hospitality has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACR5909C1ZL | Maharashtra | Active | 01 Jul 2017 |
| 32AAACR5909C1ZU | Kerala | Active | 06 May 2022 |
| 06AAACR5909C1ZP | Haryana | Active | 16 Jun 2023 |
To see the full GST registrations and return filing status of Rhythm Hospitality Private Limited, buy the company report.
Recent activity
Rhythm Hospitality Private Limited has 4 board changes on record since 1993: 3 appointments and 1 cessation. The latest: Vatsala Ashok Jatia ceased to be Director on 13 Oct 2017.
Charges
A charge registered on 16 Apr 2019 via Charge ID 100258684 with Others was fully satisfied on 31 Dec 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 101011689 was registered on 12 Nov 2024.
AGM
Rhythm Hospitality Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Rhythm Hospitality Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.05 Cr with Charge ID 100645520 was registered on 09 Nov 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.06 Cr with Charge ID 100572983 was registered on 22 Apr 2022.
Charges
A charge registered on 16 Aug 2011 via Charge ID 10309059 with State Bank Of India was fully satisfied on 15 Oct 2019.
Charges
A charge with Others amounted to Rs. 9.80 Cr with Charge ID 100258684 was registered on 16 Apr 2019.
Ceased
Vatsala Ashok Jatia ceased to be Director.
Charges
A charge with State Bank Of India amounted to Rs. 23.50 Cr with Charge ID 10309059 was registered on 16 Aug 2011.
Appointed
Ashish Jaita was appointed as Director.
Appointed
Vaibhav Jatia was appointed as Director.
2 earlier events are in the company report.
Frequently asked questions
Rhythm Hospitality 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 15 July 1993 (33+ years old) and is registered under CIN U65944MH1993PTC072876.
Rhythm Hospitality has 3 current directors:
- Ashok Ganeshnarayan Jatia - Director
- Ashish Jaita - Director
- Vaibhav Jatia - Director
The latest financial statements of Rhythm Hospitality 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 Rhythm Hospitality is 27AAACR5909C1ZL, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 32AAACR5909C1ZU (Kerala), 06AAACR5909C1ZP (Haryana).
The CIN (Corporate Identification Number) of Rhythm Hospitality is U65944MH1993PTC072876. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rhythm Hospitality has 7 court cases on record: 1 filed by the company and 6 filed against it. 1 is pending. Most are in the district courts.
Rhythm Hospitality was incorporated on 15 July 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Vatsala Ashok Jatia ceased to be Director on 13 Oct 2017. Ashish Jaita was appointed as Director on 08 Dec 2010. Vaibhav Jatia was appointed as Director on 08 Dec 2010. Rhythm Hospitality has 4 board changes on record in total.
Yes, Rhythm Hospitality is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0116461).
Rhythm Hospitality can be reached through the website rhythmresitel.com. Its registered office is in Mumbai, Maharashtra, India.
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