About Vatika Hotels Private Limited
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Vatika Hotels Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Walif Developers Private Limited. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 27 April 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U55101DL2004PTC126079. Its GSTIN is 07AABCI2522B1ZA (Delhi). The company holds 14 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹90 Cr and a paid-up capital of ₹85.39 Cr. It was formerly known as Iris Hotels Private Limited. It is led by directors Gaurav Bhalla (Managing Director) and Naveen Bakshi.
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 Flat No. 621 – A 6th Floor Devika Towers 6 Nehru Place, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2024, the company reported a revenue of ₹321.98 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹14.1 Cr (net margin 4.4%) and EBITDA of ₹149.54 Cr (EBITDA margin 46.4%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 6% over five years.
The company has about 1,029 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
The company is associated with 2 brands: Vatika Business Centre and Vatika Group. As per MCA filings, the company has open charges of ₹1,088.09 Cr and satisfied charges of ₹3,314.77 Cr on record. Court records list 88 cases involving the company, including 50 filed by the company and 38 filed against it; 28 cases are pending. The company has 10 deals on record (5 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹393.79 Cr; the latest was in September 2019. 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, 4 larger and 3 smaller; the largest is Narangs International Hotels Private Limited with revenue of ₹330 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 112 overdue payments to 26 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vatikagroup.com.
Company details
Contact details
Vatika Hotels Private Limited's registered office is in New Delhi, Delhi. Its website is vatikagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No. 621 – A 6th Floor Devika Towers 6 Nehru Place, New Delhi, Delhi, India – 110019
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Vatika 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
Brands
Vatika Hotels operates two associated brands: Vatika Business Centre and Vatika Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides managed office spaces for businesses. | vatikabusinesscentre.com | |
| Real estate development services are provided in India. | vatikagroup.com |
Business activity
The main business activity of Vatika 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 Vatika Hotels Private Limited, buy the company report.
Financials of Vatika Hotels Private Limited
FY 2024 filings availableVatika Hotels Private Limited reported revenue of ₹321.98 Cr (up 21% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 21% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 6%. EBITDA rose 280% 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 | ₹149.54 Cr | ||||
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| Net Profit (PAT) | ₹14.1 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 46.4% | ||||
| Net Profit Margin | 4.4% | ||||
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To see the full financial statements and ratios of Vatika Hotels Private Limited, buy the company report.
Board of directors of Vatika Hotels Private Limited
Vatika Hotels has 2 current directors and 35 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Bhalla Also directs: Bendek Developers Private Limited, Bioko Developers Private Limited, Pedro Developers Private Limited and 5 more | Managing Director | 10 Jan 2006 | 20 Years 9 Months | Current |
| Naveen Bakshi | Director | 31 Mar 2015 | 11 Years 6 Months | Current |
Peer comparison
Vatika Hotels Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Narangs International Hotels Private Limited | ₹330 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| Schloss Chanakya Private Limited | ₹329.78 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India | |||
| Hotel Excelsior Private Limited | ₹324.47 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Vmsalgaocar Corporation Private Limited | ₹322.36 Cr (FY 2025) | -6.0% | Chicalim, Goa, India | |||
| Vatika Hotels Private Limitedthis company | ₹321.98 Cr (FY 2024) | ₹14.1 Cr | 4.4% | 21.0% | 1,029 | New Delhi, Delhi, India |
| Asian Hotels (North) Limited | ₹320.68 Cr (FY 2025) | 7.0% | New Delhi, Delhi, India | |||
| Pride Hotels Limited | ₹319.26 Cr (FY 2025) | 12.0% | New Delhi, Delhi, India | |||
| Provenance Land Private Limited | ₹318.77 Cr (FY 2025) | -24.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Vatika Hotels Private Limited, buy the company report.
Auditor
Vatika Hotels Private Limited is audited by VGG & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VGG & Co | FY 2023 | 031985N |
Shareholding
The shareholding of Vatika 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 Vatika Hotels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Jan 2024 | 100879312 | Others | ₹300 Cr | Open | |
| 12 Jan 2024 | 100854365 | Others | ₹481.94 Cr | Open | |
| 03 Jan 2024 | 100879079 | Others | ₹300 Cr | Open | |
| 28 Mar 2019 | 100252737 | Others | ₹31.3 Lakh | Open | |
| 01 Mar 2019 | 100248683 | Others | ₹12.9 Lakh | Open |
To see the full charge records of Vatika Hotels Private Limited, buy the company report.
Total charge records: 65 View all charges
Deals & funding
Vatika Hotels Private Limited has 10 deals on record (5 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹393.79 Cr; the latest was in September 2019.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: Walif Developers Private Limited Seller: Vatika Limited , Vatika Limited & Anil Bhalla |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Walif Developers Private Limited Seller: Goldman Sachs Private Equity |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Walif Developers Private Limited Seller: Goldman Sachs Private Equity |
| May 2016 | Debt financing | ₹62.5 Cr | Investors: Sammaan Capital Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Givon Developers Private Limited Seller: Vatika Limited |
To see the full deal history of Vatika 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
Vatika Hotels Private Limited has 88 court cases on record: 50 filed by Vatika Hotels, 38 filed against it. 28 cases are pending and 60 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 59 | 29 | 24 |
| High courts | 28 | 8 | 4 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 88)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by Vatika Limited | Pending |
| District court, Gurugram, Haryana | Court case (COMI) | Filed against the company by M/S Elgin Electronics Pvt Ltd | Pending |
| District court, Gurugram, Haryana | Court case (CRR) | Filed against the company by M/S Elgin Electronics Pvt Ltd | Pending |
| District court, Gurugram, Haryana | Civil suit | Filed by the company against Vatika IT Parks Pvt. Ltd. and 1 other | Pending |
| District court, Gurugram, Haryana | Arbitration matter | Filed by the company against Archimedes Engineers Private Limited | Pending |
To see the full case history of Vatika 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
Vatika Hotels Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 112 overdue payments to 26 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 26)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Grams Electrical Private Limited | |||
| an individual supplier | |||
| Anand F&B Distributions Pvt. Ltd.-Ind | |||
| Blue Corpus Solutions Private Limited | |||
| Prime Foods-Ind |
To see the full MSME payment records of Vatika Hotels Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Vatika Hotels has 5 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Vatika Business Centres Private Limited | U45400HR2021PTC117967 | |
| Galina Developers Private Limited | U70101DL2011PTC213414 | |
| Metis Developers Private Limited | U70101DL2011PTC213436 | |
| Pedro Developers Private Limited | U70101DL2011PTC213675 | |
| Enviro Integrated Facility Services Private Limited | U74999DL2021PTC383034 |
To see the full group structure of Vatika Hotels Private Limited, buy the company report.
Employees & EPFO
Vatika Hotels Private Limited has a workforce of 1,029 employees on its EPFO records as of Mar 28, 2024, across 2 active EPFO establishments.
GST
Vatika Hotels has 14 GST registrations: 5 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCI2522B1ZA | Delhi | Active | 01 Jul 2017 |
| 06AABCI2522B1ZC | Haryana | Active | 01 Jul 2017 |
| 06AABCI2522B2ZB | Haryana | Active | 01 Jul 2017 |
| 08AABCI2522B2Z7 | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vatika Hotels Private Limited, buy the company report.
Recent activity
Vatika Hotels Private Limited has 27 board changes on record since 2006: 3 appointments and 24 cessations. The latest: Ajit Kumar Sinha was appointed as CFO on 24 Jun 2024.
150 earlier events are in the company report.
News
Frequently asked questions
Vatika Hotels is an active private limited company based in New Delhi, Delhi, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 27 April 2004 (22+ years old) and is registered under CIN U55101DL2004PTC126079.
Vatika Hotels has 2 current directors:
- Gaurav Bhalla - Managing Director
- Naveen Bakshi - Director
The latest financial statements of Vatika 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 Vatika Hotels is 07AABCI2522B1ZA, registered in Delhi. The company has 14 GST registrations in all, of which 5 are active and 9 are cancelled or inactive. Other active GSTINs include 06AABCI2522B1ZC (Haryana), 06AABCI2522B2ZB (Haryana), 08AABCI2522B2Z7 (Rajasthan).
The CIN (Corporate Identification Number) of Vatika Hotels is U55101DL2004PTC126079. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vatika Hotels has 88 court cases on record: 50 filed by the company and 38 filed against it. 28 are pending. Most are in the district courts.
Vatika Hotels was incorporated on 27 April 2004, making it 22+ years old. It is registered with the Registrar of Companies, Delhi.
Vatika Hotels has 10 deals on record (5 secondary share transfers, 2 funding rounds, 1 convertible or debt financing), with disclosed funding of ₹393.79 Cr; the latest was in September 2019.
The peers of Vatika Hotels by revenue are Narangs International Hotels Private Limited, Schloss Chanakya Private Limited, Hotel Excelsior Private Limited, Vmsalgaocar Corporation Private Limited, Asian Hotels (North) 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.).
Ajit Kumar Sinha was appointed as CFO on 24 Jun 2024. Soma Dey ceased to be Company Secretary on 30 Sep 2020. Arvind Kumar ceased to be Additional Director on 30 Sep 2019. Vatika Hotels has 27 board changes on record in total.
Vatika Hotels has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 112 overdue payments to 26 micro and small suppliers. The latest return was filed on 22 May 2024.
Vatika Hotels can be reached through the website vatikagroup.com. Its registered office is in New Delhi, Delhi, India.