About Dhanada Corporation Limited
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Dhanada Corporation Limited is a public limited company based in Pune, Maharashtra, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 14 July 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN L55101PN1986PLC133909. Its GSTIN is 27AAACV9273B1ZA (Maharashtra). It is recorded as listed by MCA, but trading in its shares on BSE (531198) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹15.8 Cr and a paid-up capital of ₹5.59 Cr. It was formerly known as Vedant Hotels Private Limited and Vedant Hotels Limited. It is led by directors including Ramesh Ramchandra Havele (Managing Director) and Veena Ramesh Havele.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at 5B/14 Laxminarayan Nagar S No. 11/12 Part Erandvana, Pune, Maharashtra, India – 411004.
As per the financials filed for FY 2021, the company reported a revenue of ₹3.02 Cr, a decline of 68% compared to the previous year. For the same year it recorded a net loss of ₹5.91 Cr (net margin -196%) and EBITDA of -₹1.1 Cr (EBITDA margin -36.6%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years and 19% over five years.
The company has about 73 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vedant Hotels. As per MCA filings, the company has open charges of ₹16 Cr and satisfied charges of ₹1.34 Cr on record. Court records list 31 cases involving the company, including 15 filed by the company and 16 filed against it; 3 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 dhanadacorp.com.
Company details
Name history
Dhanada Corporation has undergone 2 name changes throughout its history. The company was previously known as Vedant Hotels Private Limited, and Vedant Hotels Limited. The current legal name is Dhanada Corporation Limited.
| Company Name | Status |
|---|---|
| Dhanada Corporation Limited | Current |
| Vedant Hotels Private Limited | Previous |
| Vedant Hotels Limited | Previous |
CIN history
Dhanada Corporation has one previous CIN (Corporate Identification Number): L55101MH1986PLC040398. The current CIN is L55101PN1986PLC133909, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L55101PN1986PLC133909 | Current |
| L55101MH1986PLC040398 | Previous |
Contact details
Dhanada Corporation Limited's registered office is in Pune, Maharashtra. Its website is dhanadacorp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address5B/14 Laxminarayan Nagar S No. 11/12 Part Erandvana, Pune, Maharashtra, India – 411004
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Dhanada Corporation 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
Dhanada Corporation operates one associated brand: Vedant Hotels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Hospitality services are provided by Vedant Hotels in Pune, India. | vedanthotels.com |
Business activity
The main business activity of Dhanada Corporation 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 | 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. | |
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. |
To see the full business activity and turnover split of Dhanada Corporation Limited, buy the company report.
Financials of Dhanada Corporation Limited
FY 2022 filings availableDhanada Corporation Limited reported revenue of ₹3.02 Cr (down 68% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 68% fall in the latest year. EBITDA fell 213% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.02 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹5.91 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -36.6% | ||||
| Net Profit Margin | -196% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick 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 Dhanada Corporation Limited, buy the company report.
Board of directors of Dhanada Corporation Limited
Dhanada Corporation has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Veena Ramesh Havele Also directs: Dhanada Engineering Private Limited, Dhanada Holdings Private Limited, Dhanada Clean Energy (India) Private Limited and 1 more | Director | 25 Oct 2005 | 20 Years 11 Months | Current |
| Shreeniwas Gajanan Kale | Director | 25 Oct 2005 | 20 Years 11 Months | Current |
| Dilip Arvind Prabhune | Director | 30 Sep 2016 | 10 Years 0 Months | Current |
| Ramesh Ramchandra Havele Also directs: Dhanada Engineering Private Limited, Dhanada Holdings Private Limited, Dhanada Clean Energy (India) Private Limited and 1 more | Managing Director | 24 Oct 2015 | 11 Years 0 Months | Current |
Peer comparison
Dhanada Corporation Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Siroy Hotels India Private Limited | ₹3.03 Cr (FY 2025) | 23.0% | Guwahati, Assam, India | |||
| Dhanada Corporation Limitedthis company | ₹3.02 Cr (FY 2021) | -₹5.91 Cr | -196% | -68.0% | 73 | Pune, Maharashtra, India |
| K K S Developers India Private Limited | ₹3.02 Cr (FY 2024) | 12.0% | Uttar Pardesh, Uttarakhand, India | |||
| HS Group India Private Limited | ₹3.01 Cr (FY 2025) | 9.0% | New Delhi, Delhi, India | |||
| LNG Hospitality Services Private Limited | ₹3.01 Cr (FY 2019) | Bangalore, Karnataka, India |
To see the full peer comparison of Dhanada Corporation Limited, buy the company report.
Auditor
Dhanada Corporation Limited is audited by SHASHANK PATKI & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHASHANK PATKI & ASSOCIATES | FY 2021 | 122054W |
Shareholding
The shareholding of Dhanada Corporation Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dhanada Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Aug 2012 | 10374611 | Bank of Maharashtra. | ₹5 Cr | Open | |
| 25 Mar 2008 | 10097755 | Saraswat Co-Op. Bank Ltd | ₹6 Cr | Open | |
| 19 Feb 2007 | 10040405 | Phoenix Arc Private Limited | ₹5 Cr | Open | |
| 01 Nov 1999 | 90213443 | Janata Sahakari Bank Ltd | ₹- | Satisfied | |
| 09 Mar 1995 | 80020862 | The United Western Bank Limited | ₹2 Lakh | Satisfied |
To see the full charge records of Dhanada Corporation Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Dhanada Corporation Limited has 31 court cases on record: 15 filed by Dhanada Corporation, 16 filed against it. 3 cases are pending and 28 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 3 | 0 |
| District courts | 10 | 8 | 3 |
| NCLAT | 4 | 4 | 0 |
| Supreme Court | 2 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (APEAL) | Filed by the company against Dhanada Engineering Pvt. Ltd ( Formerly Known As Malkan Engineering Pvt. Ltd.) and 7 others | Disposed |
| Bombay High Court | Court case (APPA) | Filed by the company against Dhanada Education Pvt. Ltd ( Formerly Known As Dhanda Securities Trading Pvt. Ltd) and 7 others | Disposed |
| Bombay High Court | Court case (APPA) | Filed by the company against Dhanada Engineering Pvt. Ltd ( Formerly Known As Malkan Engineering Pvt. Ltd.) and 7 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CMA DC) | Filed by the company against Tekni Engineering Works Pvt.Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CS CCC) | Filed against the company by Ms. Tekni Engineering Pvt.Ltd. | Disposed |
To see the full case history of Dhanada Corporation 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 Dhanada Corporation Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Dhanada Corporation Limited has a workforce of 73 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Dhanada Corporation has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV9273B1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dhanada Corporation Limited, buy the company report.
Recent activity
Dhanada Corporation Limited has 14 board changes on record since 1986: 9 appointments and 5 cessations. The latest: Dilip Arvind Prabhune was appointed as Director on 30 Sep 2016.
27 earlier events are in the company report.
Frequently asked questions
Dhanada Corporation is an active public limited company based in Pune, Maharashtra, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 14 July 1986 (40+ years old) and is registered under CIN L55101PN1986PLC133909.
Dhanada Corporation has 4 current directors:
- Ramesh Ramchandra Havele - Managing Director
- Veena Ramesh Havele - Director
- Shreeniwas Gajanan Kale - Director
- Dilip Arvind Prabhune - Director
The latest financial statements of Dhanada Corporation on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Dhanada Corporation is 27AAACV9273B1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Dhanada Corporation is L55101PN1986PLC133909. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dhanada Corporation is recorded as a listed company by MCA, but trading in its shares on BSE (531198) has been suspended, so they do not currently trade on a stock exchange.
Dhanada Corporation has 31 court cases on record: 15 filed by the company and 16 filed against it. 3 are pending. Most are in the high courts.
Dhanada Corporation was incorporated on 14 July 1986, making it 40+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Dhanada Corporation by revenue are Siroy Hotels India Private Limited, K K S Developers India Private Limited, HS Group India Private Limited, LNG Hospitality Services Private Limited, all in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Dilip Arvind Prabhune was appointed as Director on 30 Sep 2016. Ramesh Ramchandra Havele was appointed as Managing Director on 24 Oct 2015. Mukund Achyutrao Kulkarni ceased to be Director on 12 May 2015. Dhanada Corporation has 14 board changes on record in total.
Dhanada Corporation can be reached through the website dhanadacorp.com. Its registered office is in Pune, Maharashtra, India.