Wadhawan Holdings Private Limited
About Wadhawan Holdings Private Limited
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Wadhawan Holdings Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 22 April 2002.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2002PTC135601. Its GSTIN is 29AAACW5001G1ZL (Karnataka). The company holds 5 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.29 Cr. It was formerly known as Wadhawan Holding Private Limited. It is led by directors including Ritesh Kumar Adatiya (Irp/Rp/Liquidator) and Yellaiya Kistaiya Tumma.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Hdil Towers 4th Floor Anant Kanekar Marg Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2018, the company reported a revenue of ₹118.78 Cr, a growth of 130% compared to the previous year. For the same year it recorded a net loss of ₹55.49 Cr (net margin -46.7%) and EBITDA of -₹23.9 Cr (EBITDA margin -20.1%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years.
The company has about 71 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹316 Cr and satisfied charges of ₹592.72 Cr on record. Court records list 20 cases involving the company, including 4 filed by the company and 16 filed against it; 3 cases are pending. The company has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹80.39 Cr; the latest was in March 2015. Its 4 peer companies in the Consumer Services industry (Holding Company, 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 2 smaller; the largest is Espire Hospitality Limited with revenue of ₹120.16 Cr.
Company details
Contact details
Wadhawan Holdings Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressHdil Towers 4th Floor Anant Kanekar Marg Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Wadhawan Holdings 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
Business activity
The main business activity of Wadhawan Holdings 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 Wadhawan Holdings Private Limited, buy the company report.
Financials of Wadhawan Holdings Private Limited
FY 2018 filings availableWadhawan Holdings Private Limited reported revenue of ₹118.78 Cr (up 130% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 33% over three years, including 130% growth in the latest year. EBITDA rose 94% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹118.78 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹23.9 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹55.49 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -20.1% | |||
| Net Profit Margin | -46.7% | |||
| 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 Wadhawan Holdings Private Limited, buy the company report.
Board of directors of Wadhawan Holdings Private Limited
Wadhawan Holdings has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritesh Kumar Adatiya | Irp/Rp/Liquidator | 14 Dec 2023 | 2 Years 10 Months | As last reported |
| Yellaiya Kistaiya Tumma Also directs: Dish Hospitality Private Limited, Wadhawan Lifestyle Retail Private Limited, Sangam Speciality Foods Private Limited and 5 more | Director | 12 Apr 2018 | 8 Years 6 Months | As last reported |
| Sunil Sambhaji Shinde Also directs: Wadhawan Lifestyle Retail Private Limited, Kyta Productions Private Limited, Wadhawan Retail Private Limited and 5 more | Additional Director | 30 Aug 2021 | 5 Years 1 Months | As last reported |
| Ashwini Kumar Chaturvedi | Director | 16 Mar 2015 | 11 Years 7 Months | As last reported |
Peer comparison
Wadhawan Holdings Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Services industry (Holding Company, 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 |
|---|---|---|---|---|---|---|
| Espire Hospitality Limited | ₹120.16 Cr (FY 2025) | 230.0% | Mehragaon Bhimtal, Uttarakhand, India | |||
| Diana Buildwell Private Limited | ₹118.98 Cr (FY 2024) | 0.0% | Pune, Maharashtra, India | |||
| Wadhawan Holdings Private Limitedthis company | ₹118.78 Cr (FY 2018) | -₹55.49 Cr | -46.7% | 130.0% | 71 | Mumbai, Maharashtra, India |
| Umbel Properties Private Limited | ₹117.57 Cr (FY 2025) | 7.0% | Bangalore, Karnataka, India | |||
| Bright Enterprises Private Limited | ₹116.54 Cr (FY 2025) | 16.0% | Punjab, India |
To see the full peer comparison of Wadhawan Holdings Private Limited, buy the company report.
Auditor
Wadhawan Holdings Private Limited is audited by B M CHATURVEDI & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B M CHATURVEDI & CO | FY 2018 | 114317W |
Shareholding
The shareholding of Wadhawan Holdings Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Wadhawan Holdings Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Apr 2019 | 100263751 | Others | ₹28 Cr | Open | |
| 13 Jul 2017 | 100111640 | Others | ₹118 Cr | Open | |
| 30 Mar 2017 | 100103163 | Others | ₹90 Cr | Open | |
| 30 Mar 2017 | 100103164 | Others | ₹80 Cr | Open | |
| 25 Mar 2011 | 10276607 | Icici Bank Limited | ₹150 Cr | Satisfied |
To see the full charge records of Wadhawan Holdings Private Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Wadhawan Holdings Private Limited has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹80.39 Cr; the latest was in March 2015.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Avichal Properties Private Limited , Abhirup Properties Private Limited Seller: 2 individuals |
| Oct 2014 | Secondary share transfer | Undisclosed | Buyer: Assure Realtors Private Limited Seller: Kyta Advisors Private Limited |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: KSD Entertainment Private Limited , RKW Communication Private Limited , Wadhawan Green Energy (Andhra Pradesh) Private Limited Seller: Davinia Infrastructure Developers Private Limited , Wadhawan Consolidated Holdings Private Limited , Seasaw Agrotrade Private Limited , an individual |
| Mar 2012 | Funding round | ₹35 Cr | Investors: Davinia Infrastructure Developers Private Limited , Seasaw Agrotrade Private Limited , Dheeraj Township Developers Private Limited |
| Jul 2008 | Funding round | ₹5.4 Cr | Investors: Davinia Infrastructure Developers Private Limited , 3 individuals |
To see the full deal history of Wadhawan Holdings 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
Wadhawan Holdings Private Limited has 20 court cases on record: 4 filed by Wadhawan Holdings, 16 filed against it. 3 cases are pending and 17 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 1 |
| NCLT | 5 | 2 | 0 |
| High courts | 4 | 3 | 1 |
| NCLAT | 3 | 3 | 0 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed against the company by Shrem Investments Pvt. Ltd. 1101 Viraj Tower Junction of Andheri Kurla Road Western Express Highway Andheri East, Mumbai 400069 , , Other and 1 other | Pending |
| Bombay High Court | Court case (COMIP) | Filed against the company by Novex Communications Pvt. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Ms.Aditya Birla Retail Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by M/S Selective Marbles LLP | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (Chamber Summons) | Filed against the company by Ms.Aditya Birla Retail Ltd. | Disposed |
To see the full case history of Wadhawan Holdings 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 Wadhawan Holdings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Wadhawan Holdings has 2 associated companies. This group structure data is as of FY 2018. The table lists each entity with its relationship and holding.
Employees & EPFO
Wadhawan Holdings Private Limited has a workforce of 71 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Wadhawan Holdings has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACW5001G1ZL | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Wadhawan Holdings Private Limited, buy the company report.
Recent activity
Wadhawan Holdings Private Limited has 15 board changes on record since 2008: 4 appointments and 11 cessations. The latest: Ritesh Kumar Adatiya was appointed as Irp/Rp/Liquidator on 14 Dec 2023.
36 earlier events are in the company report.
Frequently asked questions
Wadhawan Holdings is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Wadhawan Holdings is a company under insolvency, formerly operating as a 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 22 April 2002 and is registered under CIN U74999MH2002PTC135601. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Wadhawan Holdings has 4 current directors:
- Yellaiya Kistaiya Tumma - Director
- Sunil Sambhaji Shinde - Additional Director
- Ashwini Kumar Chaturvedi - Director
- Ritesh Kumar Adatiya - Irp/Rp/Liquidator
The latest financial statements of Wadhawan Holdings on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Wadhawan Holdings is U74999MH2002PTC135601. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wadhawan Holdings has open charges of ₹316 Cr and satisfied charges of ₹592.72 Cr as per latest MCA filings.
Wadhawan Holdings has 20 court cases on record: 4 filed by the company and 16 filed against it. 3 are pending. Most are in the district courts.
Wadhawan Holdings was incorporated on 22 April 2002. It is registered with the Registrar of Companies, Mumbai.
Wadhawan Holdings has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹80.39 Cr; the latest was in March 2015.
The peers of Wadhawan Holdings by revenue are Espire Hospitality Limited, Diana Buildwell Private Limited, Umbel Properties Private Limited, Bright Enterprises Private Limited, all in the Consumer Services industry (Holding Company, Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Ritesh Kumar Adatiya was appointed as Irp/Rp/Liquidator on 14 Dec 2023. Sunil Sambhaji Shinde was appointed as Additional Director on 30 Aug 2021. Ashwini Kumar Chaturvedi ceased to be Director on 23 Jul 2020. Wadhawan Holdings has 15 board changes on record in total.