About Pricol Retreats Limited
Data last updated:
Pricol Retreats Limited was a public limited company based in Coimbatore, Tamil Nadu, India, operated as a subsidiary of Pricol Properties Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 16 September 2004.
The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN U02102TZ2004PLC011345. Its GSTIN is 33AAECM0551H1ZV (Tamil Nadu).
The company had an authorised share capital of ₹16 Cr and a paid-up capital of ₹16 Cr. It was led by directors including Vikram Mohan and Siddharth Manoharan.
Its last annual general meeting (AGM) was held on 01 August 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at 109 Race Course, Coimbatore, Tamil Nadu, India – 641018.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.73 Cr, a growth of 61% compared to the previous year. For the same year it recorded a net loss of ₹1.28 Cr (net margin -46.7%) and EBITDA of ₹73,610 (EBITDA margin 0.3%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 40% over five years.
The company had about 143 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹82 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 10 deals on record (4 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹3 Cr; the latest was in April 2019. Its 4 peer companies in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.) are compared by revenue, 1 larger and 3 smaller; the largest is MPR Hotels Private Limited with revenue of ₹2.74 Cr.
The last known website on record is pricol.com.
Company details
Contact details
Pricol Retreats Limited's registered office is in Coimbatore, Tamil Nadu. Its website is pricol.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address109 Race Course, Coimbatore, Tamil Nadu, India – 641018
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Pricol Retreats 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 Pricol Retreats 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 Pricol Retreats Limited, buy the company report.
Financials of Pricol Retreats Limited
FY 2022 filings availablePricol Retreats Limited reported revenue of ₹2.73 Cr (up 61% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 40% over five years, including 61% growth in the latest year. EBITDA rose 102% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹73,610 | ||||
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| Net Profit (PAT) | -₹1.28 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 0.3% | ||||
| Net Profit Margin | -46.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Pricol Retreats Limited, buy the company report.
Board of directors of Pricol Retreats Limited
Pricol Retreats has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikram Mohan | Director | 16 Sep 2004 | 22 Years 1 Months | As last reported |
| Siddharth Manoharan Also directs: Pricol Engineering Industries Private Limited, Pricol Precision Products Private Limited, Pricol Limited and 1 more | Director | 26 Nov 2019 | 6 Years 11 Months | As last reported |
| Natarajan Subramanian | Director | 20 Aug 2021 | 5 Years 2 Months | As last reported |
| Lakshmi Niranjana Mohan | Director | 23 Jan 2007 | 19 Years 9 Months | As last reported |
Peer comparison
Pricol Retreats Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| MPR Hotels Private Limited | ₹2.74 Cr (FY 2023) | 3865.0% | Delhi, India | |||
| Pricol Retreats Limitedthis company | ₹2.73 Cr (FY 2022) | -₹1.28 Cr | -46.7% | 61.0% | 143 | Coimbatore, Tamil Nadu, India |
| Fountainhead Lifestyle Private Limited | ₹2.73 Cr (FY 2016) | 13.0% | Navi Mumbai, Maharashtra, India | |||
| Filos Hotels Private Limited | ₹2.73 Cr (FY 2024) | 16.0% | Jodhpur, Rajasthan, India | |||
| Payyambalam Beach Resort Private Limited | ₹2.73 Cr (FY 2025) | -3.0% | Payyambalam, Kerala, India |
To see the full peer comparison of Pricol Retreats Limited, buy the company report.
Auditor
Pricol Retreats Limited is audited by V K S AIYER & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V K S AIYER & CO | FY 2019 | 000066S |
Shareholding
The shareholding of Pricol Retreats 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 Pricol Retreats Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Nov 2019 | 100310290 | Others | ₹80 Cr | Satisfied | |
| 24 Aug 2016 | 100051837 | Syndicate Bank | ₹2 Cr | Satisfied |
To see the full charge records of Pricol Retreats Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Pricol Retreats Limited has 10 deals on record (4 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹3 Cr; the latest was in April 2019.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2019 | Rights issue | ₹75 Lakh | Investors: Pricol Properties Limited |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: Pricol Properties Limited , 3 individuals Seller: Pricol Properties Limited & M Haja Moideen, Pricol Properties Limited & S Naresh Babu, Pricol Properties Limited & Vikram Mohan |
| Jul 2018 | Rights issue | ₹1.25 Cr | Investors: Pricol Properties Limited |
| Sep 2017 | Rights issue | ₹3.33 Cr | Investors: Pricol Properties Limited |
| Jun 2016 | Funding round | ₹2 Cr | Investors: Pricol Properties Limited |
To see the full deal history of Pricol Retreats 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
Pricol Retreats Limited has 2 court cases on record: 2 filed by Pricol Retreats. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Court case (C.P.(CAA)) | Filed by the company against individuals | Disposed |
| NCLT, Chennai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
To see the full case history of Pricol Retreats 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 Pricol Retreats Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Pricol Retreats Limited has a workforce of 143 employees on its EPFO records as of May 2024.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2024-25 | 143 |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 |
To see the full employee and EPFO history of Pricol Retreats Limited, buy the company report.
GST
Pricol Retreats has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECM0551H1ZV | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Pricol Retreats Limited, buy the company report.
Recent activity
Pricol Retreats Limited has 11 board changes on record since 2004: 4 appointments and 7 cessations. The latest: Natarajan Subramanian ceased to be Additional Director on 11 Oct 2021.
7 earlier events are in the company report.
News
Frequently asked questions
Pricol Retreats has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Pricol Retreats was a public limited company based in Coimbatore, Tamil Nadu, India. The company worked in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 16 September 2004 and is registered under CIN U02102TZ2004PLC011345. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Pricol Retreats was incorporated on 16 September 2004. It is registered with the Registrar of Companies, Coimbatore.
Pricol Retreats had 4 directors:
- Vikram Mohan - Director
- Siddharth Manoharan - Director
- Natarajan Subramanian - Director
- Lakshmi Niranjana Mohan - Director
The CIN (Corporate Identification Number) of Pricol Retreats is U02102TZ2004PLC011345. 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 Pricol Retreats is at 109 Race Course, Coimbatore, Tamil Nadu, India – 641018.
Pricol Retreats can be reached through the website pricol.com. Its registered office is in Coimbatore, Tamil Nadu, India.
The latest financial statements of Pricol Retreats on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 01 August 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Pricol Retreats is 33AAECM0551H1ZV, registered in Tamil Nadu.
Pricol Retreats operated in the travel and hospitality industry, in the hotel and accommodation services segment.
Pricol Retreats has 10 deals on record (4 rights issues, 2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹3 Cr; the latest was in April 2019.
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