About Tulip Hotels Private Limited
Data last updated:
Tulip Hotels Private Limited is a private limited company based in Mumbai, Maharashtra, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 19 September 1997.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH1997PTC110750. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Ajit Baburao Kerkar (Whole-Time Director) and Shaunak Anil Paigankar.
Its last annual general meeting (AGM) was held on 28 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office is at Basement Chandermukhibehind The Oberoi, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2017, the company reported a revenue of ₹26.01 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹53.61 Lakh (net margin -206.1%) and EBITDA of -₹49.3 Lakh (EBITDA margin -189.5%). Revenue has grown at a compounded annual rate (CAGR) of 195% over three years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,180 Cr on record. Court records list 68 cases involving the company, including 33 filed by the company and 35 filed against it; 7 cases are pending. The company has 2 deals on record (1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹62.44 Cr; the latest was in September 2011. Its 10 peer companies in the Consumer Services industry (Hotels) are compared by revenue, 5 larger and 5 smaller; the largest is Tabbar Hospitality (OPC) Private Limited with revenue of ₹26.06 Lakh.
The last known website on record is tulipstarhotel.com.
Company details
Contact details
Tulip Hotels Private Limited's registered office is in Mumbai, Maharashtra. Its website is tulipstarhotel.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressBasement Chandermukhibehind The Oberoi, Mumbai, Maharashtra, India – 400021
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Tulip 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
Financials of Tulip Hotels Private Limited
FY 2017 filings availableTulip Hotels Private Limited reported revenue of ₹26.01 Lakh (up 2400% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 195% over three years. EBITDA rose 21% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹26.01 Lakh | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹49.3 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹53.61 Lakh | ||
| 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -189.5% | ||
| Net Profit Margin | -206.1% | ||
| 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 Tulip Hotels Private Limited, buy the company report.
Board of directors of Tulip Hotels Private Limited
Tulip Hotels has 7 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shaunak Anil Paigankar Also directs: Kalpatharu Resorts Private Limited, Onthego Foods Private Limited | Director | 29 Dec 2008 | 17 Years 10 Months | As last reported |
| Aayakad Subramanian Anantharaman Also directs: Tulip Star Leisure and Health Resorts Limited, Kalpatharu Resorts Private Limited, Abk Enterprises Private Limited and 4 more | Director | 29 Dec 2008 | 17 Years 10 Months | As last reported |
| Krishna Gopal Ratanlal Maheshwari | Irp/Rp/Liquidator | 05 Feb 2025 | 1 Years 8 Months | As last reported |
| Shailesh Shubhlal Mody | Director | 21 Aug 1998 | 28 Years 2 Months | As last reported |
| Ajit Baburao Kerkar Also directs: Tulip Star Hotels Limited, Tulip Star Leisure and Health Resorts Limited, Kalpatharu Resorts Private Limited and 1 more | Whole-Time Director | 01 Jan 1998 | 28 Years 9 Months | As last reported |
| Ravindra Ganpat Mohite | Director | 29 Dec 2008 | 17 Years 10 Months | As last reported |
Peer comparison
Tulip Hotels Private Limited is compared with the 10 companies closest to it by revenue in the Consumer Services industry (Hotels), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tabbar Hospitality (OPC) Private Limited | ₹26.06 Lakh (FY 2024) | Delhi, India | ||||
| Vardhan Hotels Private Limited | ₹26.04 Lakh (FY 2025) | Panvel, Maharashtra, India | ||||
| Vemulawada Hotels & Resorts Private Limited | ₹26.04 Lakh (FY 2025) | 19.0% | Hyderabad, Telangana, India | |||
| Raaf Hotels and Resorts Private Limited | ₹26.02 Lakh (FY 2024) | -74.0% | Ernakulam, Kerala, India | |||
| Apple Vacations and Developers Private Limited | ₹26.02 Lakh (FY 2017) | 8.0% | New Delhi, Delhi, India | |||
| Tulip Hotels Private Limitedthis company | ₹26.01 Lakh (FY 2017) | -₹53.61 Lakh | -206.1% | 2400.0% | 1 | Mumbai, Maharashtra, India |
| R and T Resorts and Motels Private Limited | ₹26 Lakh (FY 2023) | Mumbai, Maharashtra, India | ||||
| L&L Hospitality and Aviation Private Limited | ₹25.97 Lakh (FY 2024) | 38.0% | Ganeshpura, Delhi, India | |||
| Enhance Multi Trade Private Limited | ₹25.96 Lakh (FY 2025) | -95.0% | Bhopal, Madhya Pradesh, India | |||
| Bansal Garden Restaurant Private Limited | ₹25.94 Lakh (FY 2018) | -51.0% | Barwaha, Madhya Pradesh, India | |||
| Shree Durgaparmeshwari Hotels Private Limited | ₹25.93 Lakh (FY 2024) | 53.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Tulip Hotels Private Limited, buy the company report.
Auditor
Tulip Hotels Private Limited is audited by RAY & RAY for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAY & RAY | FY 2017 | 301072E |
Shareholding
The shareholding of Tulip Hotels Private Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Tulip Hotels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 May 2019 | 100269898 | Ifci Limited | ₹75 Cr | Open | |
| 06 May 2019 | 100269900 | Ifci Limited | ₹70 Cr | Open | |
| 12 Feb 2018 | 100159097 | Others | ₹850 Cr | Open | |
| 20 Jan 2017 | 100079515 | Ifci Limited | ₹60 Cr | Open | |
| 08 Aug 2014 | 10518485 | Ifci Limited | ₹125 Cr | Open |
To see the full charge records of Tulip Hotels Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Tulip Hotels Private Limited has 2 deals on record (1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹62.44 Cr; the latest was in September 2011.
Deals on record (1 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
To see the full deal history of Tulip 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
Tulip Hotels Private Limited has 68 court cases on record: 33 filed by Tulip Hotels, 35 filed against it. 7 cases are pending and 61 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 35 | 27 | 4 |
| NCLAT | 14 | 0 | 0 |
| District courts | 10 | 5 | 3 |
| Supreme Court | 7 | 3 | 0 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 68)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GOA | Court case (MCA) | Filed against the company by Trade Wings Ltd and 2 others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against M/S. Trade Wings Ltd and 5 others | Pending |
| NCLAT, Court IV | Tribunal matter | Filed by the company against V Hotels Limited and 1 other | Disposed |
| Supreme Court | Court case (1006-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Others) | Filed by the company against V Hotels Limited Through Resolution Professional Mr. Ashish Niranjan Nanavaty Reg No. Ibbi/Ipa-002/Ip- N00272/2017-18/10830 Having Office at Chander Mukhi, (Basement), Nariman Point, Mumbai &Ndash; 400 021 , , Maharashtra and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed against the company by Yes Bank Ltd Through Rahul Dodeja | Disposed |
To see the full case history of Tulip 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
No delayed payments to MSME suppliers are on our record for Tulip Hotels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Tulip Hotels has 1 joint venture and 1 associated company. This group structure data is as of FY 2016. The table lists each entity with its relationship and holding.
Employees & EPFO
Tulip Hotels Private Limited has a workforce of 1 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Tulip Hotels has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Tulip Hotels Private Limited, buy the company report.
Recent activity
Tulip Hotels Private Limited has 9 board changes on record since 1998: 7 appointments and 2 cessations. The latest: Krishna Gopal Ratanlal Maheshwari was appointed as Irp/Rp/Liquidator on 05 Feb 2025.
7 earlier events are in the company report.
Frequently asked questions
Tulip Hotels is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Tulip Hotels is a company under liquidation, 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 19 September 1997 and is registered under CIN U55101MH1997PTC110750. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Tulip Hotels has 7 current directors:
- Ajit Baburao Kerkar - Whole-Time Director
- Shaunak Anil Paigankar - Director
- Aayakad Subramanian Anantharaman - Director
- Shailesh Shubhlal Mody - Director
- Ravindra Ganpat Mohite - Director
- Vanaja Nagarajan - Director
- Krishna Gopal Ratanlal Maheshwari - Irp/Rp/Liquidator
The latest financial statements of Tulip Hotels on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 28 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Tulip Hotels is U55101MH1997PTC110750. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tulip Hotels has open charges of ₹1,180 Cr and no satisfied charges on record as per latest MCA filings.
Tulip Hotels has 68 court cases on record: 33 filed by the company and 35 filed against it. 7 are pending. Most are in the high courts.
Tulip Hotels was incorporated on 19 September 1997. It is registered with the Registrar of Companies, Mumbai.
Tulip Hotels has 2 deals on record (1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹62.44 Cr; the latest was in September 2011.
The peers of Tulip Hotels by revenue are Tabbar Hospitality (OPC) Private Limited, Vardhan Hotels Private Limited, Vemulawada Hotels & Resorts Private Limited, Raaf Hotels and Resorts Private Limited, Apple Vacations and Developers Private Limited and 5 more, all in the Consumer Services industry (Hotels).
Krishna Gopal Ratanlal Maheshwari was appointed as Irp/Rp/Liquidator on 05 Feb 2025. Aayakad Subramanian Anantharaman was appointed as Director on 29 Dec 2008. Ravindra Ganpat Mohite was appointed as Director on 29 Dec 2008. Tulip Hotels has 9 board changes on record in total.