About Nesco Hospitality Private Limited
Data last updated:
Nesco Hospitality Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Nesco Limited. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the industrial products retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 26 December 2014.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U55204MH2014PTC260414. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1 Cr and a paid-up capital of ₹25 Lakh. It was led by directors Krishna Sumant Patel and Dipesh Ramesh Singhania.
Its last annual general meeting (AGM) was held on 03 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Hall – 01 Nesco Complex Western Express Highway Goregaon East, Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2021, the company reported a revenue of ₹3.95 Lakh, a decline of 75% compared to the previous year. For the same year it recorded a net loss of ₹4.77 Lakh (net margin -120.8%) and EBITDA of -₹4.77 Lakh (EBITDA margin -120.8%). Revenue has declined at a compounded annual rate (CAGR) of 87% over three years and 55% over five years.
The company had about 10 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 1 case involving the company, including 1 filed by the company.
The last known website on record is nesco.in.
Company details
Contact details
Nesco Hospitality Private Limited's registered office is in Mumbai, Maharashtra. Its website is nesco.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHall – 01 Nesco Complex Western Express Highway Goregaon East, Mumbai, Maharashtra, India – 400063
- IndustryMachinery and Equipment, Industrial Products Retail & Distribution
To see the full contact details of Nesco Hospitality 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 Nesco Hospitality is accommodation and food service. In detail, this covers food and beverage services provided by hotels, restaurants, caterers, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| 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 Nesco Hospitality Private Limited, buy the company report.
Financials of Nesco Hospitality Private Limited
FY 2021 filings availableNesco Hospitality Private Limited reported revenue of ₹3.95 Lakh (down 75% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 55% over five years, including a 75% fall in the latest year. EBITDA fell 161% 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 | ₹3.95 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹4.77 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.77 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -120.8% | ||||
| Net Profit Margin | -120.8% | ||||
| 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 Nesco Hospitality Private Limited, buy the company report.
Board of directors of Nesco Hospitality Private Limited
Nesco Hospitality has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishna Sumant Patel Also directs: Nesco Limited, K S Patel Finance and Investment Company Private Limited, Chandler and Price India Private Limited and 1 more | Director | 25 Jul 2016 | 10 Years 3 Months | As last reported |
| Dipesh Ramesh Singhania Also directs: Rad Properties Private Limited, Shakti Shyam Education Foundation | Director | 26 Dec 2014 | 11 Years 10 Months | As last reported |
Auditor
Nesco Hospitality Private Limited is audited by ARVIND & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARVIND & CO | FY 2019 | 100569W |
Shareholding
The shareholding of Nesco Hospitality Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nesco Hospitality Private Limited, buy the company report.
Legal cases
Nesco Hospitality Private Limited has 1 court case on record: 1 filed by Nesco Hospitality. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Nesco 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 Nesco Hospitality Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Nesco Hospitality Private Limited has a workforce of 10 employees on its EPFO records as of Jan 2018, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2017-18 | 10 |
| FY 2016-17 |
To see the full employee and EPFO history of Nesco Hospitality Private Limited, buy the company report.
GST
Nesco Hospitality 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 Nesco Hospitality Private Limited, buy the company report.
Recent activity
Nesco Hospitality Private Limited has 3 board changes on record since 2014: 2 appointments and 1 cessation. The latest: Sushil Dinesh Shah ceased to be Director on 09 Nov 2016.
News
Frequently asked questions
Nesco Hospitality has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Nesco Hospitality was a private limited company based in Mumbai, Maharashtra, India. The company worked in industrial products retail and distribution, within the machinery and equipment industry. It was incorporated on 26 December 2014 and is registered under CIN U55204MH2014PTC260414. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Nesco Hospitality was incorporated on 26 December 2014. It is registered with the Registrar of Companies, Mumbai.
Nesco Hospitality had 2 directors:
- Krishna Sumant Patel - Director
- Dipesh Ramesh Singhania - Director
The CIN (Corporate Identification Number) of Nesco Hospitality is U55204MH2014PTC260414. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Nesco Hospitality is at Hall – 01 Nesco Complex Western Express Highway Goregaon East, Mumbai, Maharashtra, India – 400063.
Nesco Hospitality can be reached through the website nesco.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Nesco Hospitality on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 03 September 2021. Year-wise statements from 2015 are in the company report.
No. Nesco Hospitality has 1 GST registration on record and it is cancelled or inactive.
Nesco Hospitality operated in the machinery and equipment industry, in the industrial products retail and distribution segment.
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