About Ramee Hotels Private Limited
Data last updated:
Ramee Hotels Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 02 June 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH1998PTC115198. Its GSTIN is 27AABCR3369M1ZX (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹37.91 Cr. It is led by directors including Rame Vardaraj Shetty and Reda Vardaraj Shetty.
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 Plot No. 3 Kohinoor Road Dadar East, Mumbai, Maharashtra, India – 400014.
As per the financials filed for FY 2023, the company reported a revenue of ₹89.05 Cr, a growth of 86% compared to the previous year. For the same year it recorded a net profit of ₹11.67 Cr (net margin 13.1%) and EBITDA of ₹33.95 Cr (EBITDA margin 38.1%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 9% over five years.
The company has about 166 employees on its provident fund (EPFO) records. Its group structure includes 6 subsidiaries.
As per MCA filings, the company has open charges of ₹200.32 Cr and satisfied charges of ₹147.25 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rameehotels.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No. 3 Kohinoor Road Dadar East, Mumbai, Maharashtra, India – 400014
- 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 Ramee Hotels Private Limited
The main business activity of Ramee 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 | 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.
Auditor Details of Ramee Hotels Private Limited
Ramee Hotels Private Limited is audited by For Kirtane & Pandit LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| For Kirtane & Pandit LLP | 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 Ramee Hotels Private Limited
Ramee Hotels has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Financials of Ramee Hotels Private Limited FY 2024 filings available
Ramee Hotels Private Limited reported revenue of ₹89.05 Cr (up 86% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Ramee Hotels Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 86% growth in the latest year. EBITDA rose 171% 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 Ramee Hotels Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹33.95 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.67 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ramee Hotels Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 13.1% | •••• | •••• | •••• | •••• |
| 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 Ramee Hotels 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.
Ownership and Shareholding of Ramee Hotels 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.
Group Structure of Ramee Hotels Private Limited
Ramee Hotels has 6 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Creative Hotels Private Limited | U55101MH1985PTC036199 | Locked |
| Vihar Resorts And Hotels (India) Pvt Ltd | U55101MH1986PTC041907 | Locked |
| Ramee Restaurant Private Limited | U55101MH1999PTC120913 | Locked |
| Redboys Security & Protection Private Limited | U55101MH2000PTC124370 | Locked |
| Regal Holiday Homes Private Limited | U55101MH2005PTC154344 | Locked |
| Ramee Tour & Holidays Private Limited | U63040MH2006PTC163047 | Locked |
Showing major subsidiaries. Total: 6.
Charges & Borrowings of Ramee Hotels Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Sep 2025 | Axis Bank Limited | ₹90 Cr | Open |
| 07 Mar 2025 | Axis Bank Limited | ₹15 Cr | Open |
| 27 Feb 2025 | Others | ₹18 Cr | Open |
| 18 Jul 2024 | Hdfc Bank Limited | ₹21.25 Lakh | Open |
| 01 Jun 2024 | Hdfc Bank Limited | ₹20.78 Lakh | Open |
Total charge records: 16 View all charges
Employees and EPFO Compliance at Ramee Hotels Private Limited
Ramee Hotels Private Limited has a workforce of 166 employees as of Apr 05, 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.
GST Compliance of Ramee Hotels Private Limited
Ramee Hotels has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCR3369M1ZX | Maharashtra | Active | 01 Jul 2017 |
| 27AABCR3369M7ZR | Maharashtra | Active | 13 Jul 2017 |
| 27AABCR3369M8ZQ | Maharashtra | Active | 07 Dec 2018 |
| 27AABCR3369M9ZP | Maharashtra | Active | 12 Apr 2023 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Ramee Hotels 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 Ramee Hotels 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 Ramee Hotels 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.
MCA Filings & Documents of Ramee Hotels 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.
Recent Activity on Ramee Hotels Private Limited
Frequently Asked Questions about Ramee Hotels Private Limited
Ramee Hotels is an active private limited company based in Mumbai, Maharashtra, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 02 June 1998 (28+ years old) and is registered under CIN U55101MH1998PTC115198.
Ramee Hotels reported revenue of ₹89.05 Cr for FY 2023 (up 86% YoY).
Ramee Hotels has 5 current directors:
- Rame Vardaraj Shetty - Director
- Reda Vardaraj Shetty - Director
- Vardaraj Manjappa Shetty - Director
- Hafida Haddouga - Director
- Ashok Muddu Shetty - Director
Ramee Hotels reported a net profit of ₹11.67 Cr (net margin 13.1%) and EBITDA of ₹33.95 Cr (EBITDA margin 38.1%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ramee Hotels is 10% over three years and 9% over five years. In the latest year (FY 2023) revenue rose 86%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ramee Hotels is 27AABCR3369M1ZX, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AABCR3369M7ZR (Maharashtra), 27AABCR3369M8ZQ (Maharashtra), 27AABCR3369M9ZP (Maharashtra).
The CIN (Corporate Identification Number) of Ramee Hotels is U55101MH1998PTC115198. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ramee Hotels was incorporated on 02 June 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
Ramee Hotels can be reached through the website rameehotels.com. Its registered office is in Mumbai, Maharashtra, India.