Punjab Ashok Hotel Company Limited

Punjab Ashok Hotel Company Limited

JV between two tourism corporations, no business activity for 2 years, hotel projects on hold due to lack of funds.

1998 Chandigarh, Chandigarh (India) Active

About

Basic Data Updated:

22 days ago

The Joint Venture (JV) known as Punjab Ashok Hotel Company Limited was formed through a partnership between India Tourism Development Corporation Limited and Punjab Tourism Development Corporation Limited. It was established with the aim of promoting tourism in the state of Punjab. However, in the past two years, no business activities have been undertaken by the company. It has been reported that the construction work for the company's hotel projects in Anandpur Sahib has come to a halt due to a lack of funds. This has caused a delay in the completion of the projects, leaving them in a standstill position. Despite the challenges faced, the company remains committed to its goal of boosting tourism in Punjab and is actively seeking solutions to resume its operations.

Industry

Company Details

  • Location

    Chandigarh, Chandigarh, India

  • Website
    12224421
  • Telephone
    12224421
  • Email Address
    12224421
  • Social Media
    12224421
CIN/LLPIN/FCRNU45202CH1998SGC021936
Company No.021936
Company ClassificationPrivate Limited State Government Company
Incorporation Date11 Nov 1998
Date of AGM29 Sep 2023
Date of Balance Sheet31 Mar 2023
Listing StatusUnlisted
ROC CodeRoc Chandigarh

Financials of Punjab Ashok Hotel Company Limited

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Punjab Ashok Hotel Company Limited, for the financial year ended 2022, experienced no change in revenue, with a 0% increase. The company also saw a substantial improvement in profitability, with a 49.51% increase in profit. The company's net worth dipped by a decrease of 0.33%.

Corporate Structure

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People in Punjab Ashok Hotel Company Limited

Board Members(2)

Charges (Loans)

Open Charges

₹0.23 cr

LenderAmountStatus

Bank Of Baroda

Creation Date: 21 Oct 2005
₹1.60 MOpen

Bank Of Baroda

Creation Date: 21 Jan 2005
₹0.70 MOpen

Deals i

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Rating

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Alert

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Related Corporates (Common Directorship)

  • Pondicherry Ashok Hotel Corporation Limited

    Pondicherry Ashok Hotel Corporation Limited

    Active build-icon 37 years 11 months

    Lokesh Aggarwal is a mutual person

  • India Tourism Development Corporation Limited

    India Tourism Development Corporation Limited

    Active build-icon 59 years 1 month

    Lokesh Aggarwal is a mutual person

  • Ranchi Ashok Bihar Hotel Corporation Limited

    Ranchi Ashok Bihar Hotel Corporation Limited

    Active build-icon 40 years 9 months

    Lokesh Aggarwal is a mutual person

  • Utkal Ashok Hotel Corporation Limited

    Utkal Ashok Hotel Corporation Limited

    Active build-icon 40 years 6 months

    Lokesh Aggarwal is a mutual person

Recent activity within the organization

  • Activity

    Annual General Meeting

    Punjab Ashok Hotel Company Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

    29 Sep 2023
  • Activity

    Balance Sheet

    Punjab Ashok Hotel Company Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chandigarh.

    31 Mar 2023
  • Activity

    Director Appointment

    Lokesh Kumar Aggarwal was appointed as a Nominee Director was appointed as a Nominee Director on 07 Sep 2022 & has been associated with this company since 1 year 8 months .

    07 Sep 2022
  • Activity

    Director Appointment

    Mohammed Nayeem Basha was appointed as a Nominee Director was appointed as a Nominee Director on 19 May 2022 & has been associated with this company since 2 years .

    19 May 2022
  • Activity

    Charges

    A charge with Bank Of Baroda amounted to Rs. 0.16 cr with Charge ID 90171557 was registered on 21 Oct 2005.

    21 Oct 2005

Frequently asked questions

What is the Incorporation or founding date of Punjab Ashok Hotel Company Limited?

Punjab Ashok Hotel Company Limited was incorporated 25 years 6 months ago on 11 Nov 1998 with Registrar of Companies Roc Chandigarh.

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