About Panvelcar Hotels Private Limited
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Panvelcar Hotels Private Limited is a private limited company based in Goa, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 28 October 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U55101GA1985PTC000647. Its GSTIN is 30AABCP2639L1ZJ (Goa). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹24.5 Lakh. It is led by directors including Vivek Govinda Naique Panvelcar (Managing Director) and Sangita Vivek Naique Panvelcar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Hotel Park Plaza Opp. Azadmaidan Rua De Oumuz Panaji Goa. 403 001., Goa, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.04 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹51.62 Lakh (net margin 25.3%) and EBITDA of ₹82.13 Lakh (EBITDA margin 40.3%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 3% over five years.
The company is associated with 1 brand: Hotel Park Plaza. As per MCA filings, the company has open charges of ₹29.08 Lakh and satisfied charges of ₹3.29 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 2 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 hotelparkplazagoa.com.
Company details
Contact details
Panvelcar Hotels Private Limited's registered office is in Goa. Its website is hotelparkplazagoa.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHotel Park Plaza Opp. Azadmaidan Rua De Oumuz Panaji Goa. 403 001., Goa, India
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Panvelcar 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
Panvelcar Hotels operates one associated brand: Hotel Park Plaza. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Hotel services, including accommodation, conferences, and facilities in Panjim, Goa. | hotelparkplazagoa.com |
Business activity
The main business activity of Panvelcar 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 Panvelcar Hotels Private Limited, buy the company report.
Financials of Panvelcar Hotels Private Limited
FY 2025 filings availablePanvelcar Hotels Private Limited reported revenue of ₹2.04 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 6% growth in the latest year. EBITDA rose 27% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹82.13 Lakh | ||||
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| Net Profit (PAT) | ₹51.62 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 40.3% | ||||
| Net Profit Margin | 25.3% | ||||
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To see the full financial statements and ratios of Panvelcar Hotels Private Limited, buy the company report.
Board of directors of Panvelcar Hotels Private Limited
Panvelcar Hotels has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Govinda Naique Panvelcar | Managing Director | 14 Oct 1985 | 41 Years 1 Months | Current |
| Sangita Vivek Naique Panvelcar | Director | 14 Oct 1985 | 41 Years 1 Months | Current |
| Pankaj Ravindranath Pai Kakode | Director | 07 Jul 2020 | 6 Years 4 Months | Current |
Peer comparison
Panvelcar Hotels Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| La Prime Resources Private Limited | ₹2.04 Cr (FY 2025) | 76.0% | Bhubaneswar, Odisha, India | |||
| Bell Bottoms Hotels Private Limited | ₹2.04 Cr (FY 2024) | -43.0% | Goa, India | |||
| Panvelcar Hotels Private Limitedthis company | ₹2.04 Cr (FY 2025) | ₹51.62 Lakh | 25.3% | 6.0% | Goa, India | |
| Shangrilla Hotels Private Limited | ₹2.04 Cr (FY 2025) | 121.0% | Jammu and Kashmir, India | |||
| KSH Projects Private Limited | ₹2.04 Cr (FY 2024) | -5.0% | Kolkata, West Bengal, India | |||
| Hotel Tathagat Private Limited | ₹2.04 Cr (FY 2024) | -3.0% | Patna, Bihar, India |
To see the full peer comparison of Panvelcar Hotels Private Limited, buy the company report.
Auditor
Panvelcar Hotels Private Limited is audited by PRABHUDESAI & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRABHUDESAI & ASSOCIATES | FY 2020 | 117278W |
Shareholding
The shareholding of Panvelcar Hotels Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Panvelcar Hotels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jun 2022 | 100589539 | Hdfc Bank Limited | ₹14.88 Lakh | Open | |
| 16 Sep 2021 | 100483751 | Hdfc Bank Limited | ₹14.2 Lakh | Open | |
| 14 May 2020 | 100389410 | Others | ₹2 Lakh | Satisfied | |
| 01 Dec 2010 | 10254799 | The Goa Urban Cooperative Bank Limited | ₹3 Cr | Satisfied | |
| 16 Mar 2007 | 10075404 | The Goa Urban Co-Operative Bank Ltd | ₹26.94 Lakh | Satisfied |
To see the full charge records of Panvelcar Hotels Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Panvelcar Hotels Private Limited has 3 court cases on record: 1 filed by Panvelcar Hotels, 2 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 2 | 1 |
| District courts | 1 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Appeal | Filed against the company by State Bank of India, THR. Its Chief Manager, Ravi Solanki., | Pending |
| District court, North Goa, Goa | Court case (SEXA) | Filed by the company against State Bank of India | Pending |
| Bombay High Court | Appeal | Filed against the company by State Bank of India, THR. Its Chief Manager, Ravi Solanki., | Disposed |
To see the full case history of Panvelcar 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 Panvelcar Hotels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Panvelcar Hotels has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AABCP2639L1ZJ | Goa | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Panvelcar Hotels Private Limited, buy the company report.
Recent activity
Panvelcar Hotels Private Limited has 8 board changes on record since 1985: 3 appointments and 5 cessations. The latest: Anisha Vivek Naique Panvelcar ceased to be Whole-Time Director on 25 Feb 2021.
7 earlier events are in the company report.
Frequently asked questions
Panvelcar Hotels is an active private limited company based in Goa, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 28 October 1985 (41+ years old) and is registered under CIN U55101GA1985PTC000647.
Panvelcar Hotels has 3 current directors:
- Vivek Govinda Naique Panvelcar - Managing Director
- Sangita Vivek Naique Panvelcar - Director
- Pankaj Ravindranath Pai Kakode - Director
The latest financial statements of Panvelcar Hotels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Panvelcar Hotels is 30AABCP2639L1ZJ, registered in Goa. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Panvelcar Hotels is U55101GA1985PTC000647. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panvelcar Hotels has 3 court cases on record: 1 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
Panvelcar Hotels was incorporated on 28 October 1985, making it 41+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Panvelcar Hotels by revenue are La Prime Resources Private Limited, Bell Bottoms Hotels Private Limited, Shangrilla Hotels Private Limited, KSH Projects Private Limited, Hotel Tathagat 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.).
Anisha Vivek Naique Panvelcar ceased to be Whole-Time Director on 25 Feb 2021. Apurva V Panvelcar ceased to be Whole-Time Director on 25 Feb 2021. Pankaj Ravindranath Pai Kakode ceased to be Additional Director on 19 Nov 2020. Panvelcar Hotels has 8 board changes on record in total.
Panvelcar Hotels can be reached through the website hotelparkplazagoa.com. Its registered office is in Goa, India.
The registered office of Panvelcar Hotels is at Hotel Park Plaza Opp. Azadmaidan Rua De Oumuz Panaji Goa. 403 001., Goa, India.
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