About Raffles Square Development Private Limited
Data last updated:
Raffles Square Development Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 11 January 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U70102PN2005PTC020136. Its GSTIN is 27AADCR1860M1Z3 (Maharashtra). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹30 Cr and a paid-up capital of ₹14.85 Cr. It is led by directors including Neelam Aniruddha Seolekar and Anirudha Uttam Seolekar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 501 Kensington Court Offnorth Main Road Pingale Lane Koregaon Park, Pune, Maharashtra, India – 411001.
As per the financials filed for FY 2025, the company reported a revenue of ₹50.81 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹9.26 Cr (net margin 18.2%) and EBITDA of ₹19.82 Cr (EBITDA margin 39%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years and 5% over five years.
The company has about 106 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ohotel. As per MCA filings, the company has open charges of ₹40.1 Cr and satisfied charges of ₹46.43 Cr on record. Court records list 8 cases involving the company, including 2 filed by the company and 4 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 ohotelsindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address501 Kensington Court Offnorth Main Road Pingale Lane Koregaon Park, Pune, Maharashtra, India – 411001
- IndustryTravel and Hospitality, Hotel & Accommodation Services
- 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
- One PDF report, delivered after checkout
Business Activity of Raffles Square Development Private Limited
The main business activity of Raffles Square Development is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Raffles Square Development Private Limited FY 2024 filings available
Raffles Square Development Private Limited reported revenue of ₹50.81 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Raffles Square Development Private Limited
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 20% 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 of Raffles Square Development Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹19.82 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9.26 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Raffles Square Development Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 39% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 18.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Raffles Square Development are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Raffles Square Development Private Limited
Raffles Square Development Private Limited is audited by SPCM & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SPCM & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Raffles Square Development Private Limited
Raffles Square Development has 4 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neelam Aniruddha Seolekar Also directs: Oxford Projects Private Limited | Director | 30 Sep 2010 | 16 Years 0 Months | Current |
| Anirudha Uttam Seolekar Also directs: Oxford Projects Private Limited, Sharada Shelters Constructions LLP, Akkaus LLP and 5 more | Director | 02 Jun 2011 | 15 Years 4 Months | Current |
| Ashok Khupchand Kothari Also directs: Oxford Realty LLP, Sharada Shelters Constructions LLP, Oxford Premium Projects LLP and 5 more | Director | 11 Jan 2005 | 21 Years 8 Months | Current |
| Pramod Mishrilal Dhadiwal | Director | 11 Jan 2005 | 21 Years 8 Months | Current |
Ownership and Shareholding of Raffles Square Development Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Raffles Square Development Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Apr 2024 | Hdfc Bank Limited | ₹1.8 Cr | Open |
| 13 Jun 2022 | Others | ₹16.3 Cr | Open |
| 30 Jun 2010 | Others | ₹22 Cr | Open |
| 21 May 2018 | Hdfc Bank Limited | ₹15.52 Lakh | Satisfied |
| 14 Aug 2015 | Hdfc Bank Limited | ₹13.6 Lakh | Satisfied |
Total charge records: 8 View all charges
Legal Cases of Raffles Square Development Private Limited
Raffles Square Development Private Limited has 8 court cases on record: 2 filed by Raffles Square Development, 4 filed against it, 2 where it is another party. 2 cases are pending and 6 are disposed. Status as checked between 01 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 4 | 2 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North Goa, Goa | Commercial suit | Filed against the company by an individual | Pending |
| District court, North Goa, Goa | Commercial suit | Filed against the company by an individual | Pending |
| District court, North Goa, Goa | Court case (SCS) | Filed against the company by an individual | Disposed |
| District court, North Goa, Goa | Court case (SCS) | Filed against the company by an individual | Disposed |
| Bombay High Court | Writ petition | Filed by the company against State of Goa, THR. Chief Secretary, Govt. of Goa and Anr | Disposed |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Raffles Square Development Private Limited
Raffles Square Development operates one associated brand: Ohotel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers luxury hotels for discerning travelers who value design and fine experiences. | ohotelsindia.com |
Employees and EPFO Compliance at Raffles Square Development Private Limited
Raffles Square Development Private Limited has a workforce of 106 employees as of Mar 30, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Raffles Square Development Private Limited
Raffles Square Development Private Limited has 10 board changes on record since 2005: 4 appointments and 6 cessations. The latest: Manisha Lalwani ceased to be Company Secretary on 01 Jun 2020.
18 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Raffles Square Development Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Raffles Square Development Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Raffles Square Development Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Raffles Square Development Private Limited
Raffles Square Development has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR1860M1Z3 | Maharashtra | Active | 01 Jul 2017 |
| 30AADCR1860M1ZG | Goa | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Raffles Square Development Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Raffles Square Development Private Limited
Raffles Square Development is an active private limited company based in Pune, Maharashtra, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 11 January 2005 (21+ years old) and is registered under CIN U70102PN2005PTC020136.
Raffles Square Development reported revenue of ₹50.81 Cr for FY 2025 (down 8% YoY).
Raffles Square Development has 4 current directors:
- Neelam Aniruddha Seolekar - Director
- Anirudha Uttam Seolekar - Director
- Ashok Khupchand Kothari - Director
- Pramod Mishrilal Dhadiwal - Director
Raffles Square Development reported a net profit of ₹9.26 Cr (net margin 18.2%) and EBITDA of ₹19.82 Cr (EBITDA margin 39%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Raffles Square Development is 34% over three years and 5% over five years. In the latest year (FY 2025) revenue fell 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Raffles Square Development is 27AADCR1860M1Z3, registered in Maharashtra. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 30AADCR1860M1ZG (Goa).
The CIN (Corporate Identification Number) of Raffles Square Development is U70102PN2005PTC020136. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Raffles Square Development has 8 court cases on record: 2 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.
Raffles Square Development was incorporated on 11 January 2005, making it 21+ years old. It is registered with the Registrar of Companies, Pune.
Manisha Lalwani ceased to be Company Secretary on 01 Jun 2020. Kunaal Anirudha Seolekar ceased to be Additional Director on 05 Sep 2012. Anirudha Uttam Seolekar was appointed as Director on 02 Jun 2011. Raffles Square Development has 10 board changes on record in total.