About Polo Hotels Limited
Data last updated:
Polo Hotels Limited is a public limited company based in Panchkula, Haryana, 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 15 July 1994.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L55101HR1994PLC032355. The company has 1 GST registration on record, which is no longer active. It is recorded as listed by MCA, but trading in its shares on BSE (526687) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹22.37 Cr. It is led by directors including Amardeep Singh Dahiya (Managing Director) and Abhey Ram Dahiya.
Its last annual general meeting (AGM) was held on 25 September 2017, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Hotel North Park Village Chowki, Panchkula, Haryana, India – 134109.
As per the financials filed for FY 2023, the company reported a revenue of ₹5.72 Lakh, a decline of 4% compared to the previous year. For the same year it recorded a net loss of ₹88.02 Lakh and EBITDA of -₹71 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 58% over three years and 49% over five years.
As per MCA filings, the company has open charges of ₹62.82 Cr and satisfied charges of ₹21.9 Cr on record.
The last known website on record is polohotelsltd.com.
Company details
Contact details
Polo Hotels Limited's registered office is in Panchkula, Haryana. Its website is polohotelsltd.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressHotel North Park Village Chowki, Panchkula, Haryana, India – 134109
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Polo Hotels 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 Polo Hotels 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 Polo Hotels Limited, buy the company report.
Financials of Polo Hotels Limited
FY 2023 filings availablePolo Hotels Limited reported revenue of ₹5.72 Lakh (down 4% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 49% over five years, including a 4% fall in the latest year. EBITDA fell 54% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Other Income | |||||
| Total Revenue | ₹5.72 Lakh | ||||
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| Total Expenses | |||||
| EBITDA | -₹71 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹88.02 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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To see the full financial statements and ratios of Polo Hotels Limited, buy the company report.
Board of directors of Polo Hotels Limited
Polo Hotels has 8 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhey Ram Dahiya Also directs: Ard Polypacks Private Limited, Auto Brakes Pvt Ltd | Director | 20 Apr 1999 | 27 Years 6 Months | As last reported |
| Vikas Tibrewal | Director | 20 Sep 2006 | 20 Years 1 Months | As last reported |
| Amardeep Singh Dahiya | Managing Director | 20 Apr 1999 | 27 Years 6 Months | As last reported |
| Gurpreet Singh Toor Also directs: Asd Tobacco Private Limited | Director | 14 Mar 2017 | 9 Years 7 Months | As last reported |
| Sita Ram Also directs: Sarva Promoters & Developers Private Limited | Additional Director | 25 Mar 2019 | 7 Years 7 Months | As last reported |
| Paramjeet Kaur | Additional Director | 22 Jun 2022 | 4 Years 4 Months | As last reported |
Auditor
Polo Hotels Limited is audited by GIROTRA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| GIROTRA & CO. | FY 2023 | 025056N |
Shareholding
The shareholding of Polo Hotels Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Polo Hotels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Feb 2015 | 10551150 | Dewan Housing Finance Corporation Limited | ₹4.92 Cr | Open | |
| 22 Jan 2015 | 10568376 | Bank of India | ₹5.25 Cr | Open | |
| 04 Nov 2014 | 10529461 | Religare Finvest Limited | ₹2.02 Cr | Open | |
| 16 Jan 2013 | 10407696 | Allahabad Bank | ₹44 Cr | Open | |
| 11 Jan 2012 | 10328068 | Religare Finvest Limited | ₹1.75 Cr | Open |
To see the full charge records of Polo Hotels Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
No court or tribunal cases involving Polo Hotels Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Polo Hotels Limited was last rated by Crisil on 30 Nov 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 30 Nov 2019 |
To see the full credit ratings and regulatory alerts of Polo Hotels Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Polo Hotels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Polo Hotels has 5 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Polo 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 Polo Hotels Limited, buy the company report.
Recent activity
Polo Hotels Limited has 36 board changes on record since 1999: 22 appointments and 14 cessations. The latest: Abhi Rana ceased to be Additional Director on 29 Sep 2025.
41 earlier events are in the company report.
Frequently asked questions
Polo Hotels 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.
Polo Hotels is a company under insolvency, formerly operating as a public limited company based in Panchkula, Haryana, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 15 July 1994 and is registered under CIN L55101HR1994PLC032355. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Polo Hotels has 8 current directors:
- Amardeep Singh Dahiya - Managing Director
- Abhey Ram Dahiya - Director
- Vikas Tibrewal - Director
- Gurpreet Singh Toor - Director
- Sita Ram - Additional Director
- Paramjeet Kaur - Additional Director
- Dinesh Dureja - Additional Director
- Shibu Khan - Additional Director
The latest financial statements of Polo Hotels on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 25 September 2017. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Polo Hotels is L55101HR1994PLC032355. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Polo Hotels is recorded as a listed company by MCA, but trading in its shares on BSE (526687) has been suspended, so they do not currently trade on a stock exchange.
Polo Hotels has open charges of ₹62.82 Cr and satisfied charges of ₹21.9 Cr as per latest MCA filings.
Polo Hotels was incorporated on 15 July 1994. It is registered with the Registrar of Companies, Delhi.
Abhi Rana ceased to be Additional Director on 29 Sep 2025. Virender Singh ceased to be Additional Director on 29 Sep 2025. Abhi Rana was appointed as Additional Director on 01 Aug 2025. Polo Hotels has 36 board changes on record in total.
Polo Hotels can be reached through the website polohotelsltd.com. Its registered office is in Panchkula, Haryana, India.
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