About Roots Corporation Limited
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Roots Corporation Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of The Indian Hotels Company Limited. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 24 December 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55100MH2003PLC143639. Its GSTIN is 27AACCR6389J1ZS (Maharashtra). The company holds 38 GST registrations, of which 23 are active.
The company has an authorised share capital of ₹250 Cr and a paid-up capital of ₹99.02 Cr. It was formerly known as Root Corporation Limited. It is led by directors including Deepika Rao Thallapalli and Nabakumar Shome.
Its last annual general meeting (AGM) was held on 14 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹483.75 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹62.19 Cr (net margin 12.9%) and EBITDA of ₹163.03 Cr (EBITDA margin 33.7%). Revenue has grown at a compounded annual rate (CAGR) of 39% over three years and 18% over five years.
The company has about 1,436 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Ginger Hotels. As per MCA filings, the company has open charges of ₹36.3 Cr and satisfied charges of ₹321.2 Cr on record. Court records list 32 cases involving the company, including 21 filed by the company and 11 filed against it; 5 cases are pending. The company has 11 deals on record (5 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹427.6 Cr; the latest was in May 2022. Its 3 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, 2 larger and 1 smaller; the largest is Pallazzio Hotels & Leisure Limited with revenue of ₹529.67 Cr. The company has 7 MSME Form 1 returns on record between 2019 and 2023, listing 308 overdue payments to 82 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gingerhotels.com.
Company details
Contact details
Roots Corporation Limited's registered office is in Mumbai, Maharashtra. Its website is gingerhotels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address9th Floor Express Towers Barrister Rajni Patel Marg Nariman Poin, T, Mumbai, Maharashtra, India – 400021
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Roots Corporation 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
Brands
Roots Corporation operates one associated brand: Ginger Hotels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Mid-market hotel chain is operated in 29 Indian cities. | gingerhotels.com |
Business activity
The main business activity of Roots Corporation 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 Roots Corporation Limited, buy the company report.
Financials of Roots Corporation Limited
FY 2025 filings availableRoots Corporation Limited reported revenue of ₹483.75 Cr (up 29% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 29% growth in the latest year. EBITDA rose 22% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹483.75 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹163.03 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹62.19 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 | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 33.7% | ||||
| Net Profit Margin | 12.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Roots Corporation Limited, buy the company report.
Board of directors and KMP of Roots Corporation Limited
Roots Corporation Limited currently reports 3 directors and 1 key managerial person. 28 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepika Rao Thallapalli Also directs: Ank Hotels Private Limited, Rajscape Hotels Private Limited, Leanluxe Hospitality Private Limited and 2 more | Director | 09 Apr 2018 | 8 Years 6 Months | Current |
| Nabakumar Shome Also directs: Taj GVK Hotels and Resorts Limited, Taida Trading and Industries Limited, Taj Sats Air Catering Limited and 4 more | Director | 05 Jul 2022 | 4 Years 3 Months | Current |
| Jithin Prakash | Cfo | 01 Aug 2022 | 4 Years 2 Months | Current |
| Leah Noel Tata | Additional Director | 31 Oct 2025 | 0 Years 11 Months | Current |
Peer comparison
Roots Corporation Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Pallazzio Hotels & Leisure Limited | ₹529.67 Cr (FY 2025) | 7.0% | Mumbai, Maharashtra, India | |||
| Sterling Holiday Resorts Limited | ₹488.11 Cr (FY 2025) | 12.0% | Thoraipakkam, Tamil Nadu, India | |||
| Roots Corporation Limitedthis company | ₹483.75 Cr (FY 2025) | ₹62.19 Cr | 12.9% | 29.0% | 1,436 | Mumbai, Maharashtra, India |
| GRT Hotels and Resorts Private Limited | ₹473.6 Cr (FY 2025) | 1.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Roots Corporation Limited, buy the company report.
Auditor
Roots Corporation Limited is audited by B S R & Co. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2025 | 101248W/W-100022 |
Shareholding
The shareholding of Roots Corporation Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Roots Corporation Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Oct 2019 | 100298620 | Axis Bank Limited | ₹36.3 Cr | Open | |
| 13 Dec 2021 | 100517452 | Others | ₹7.5 Cr | Satisfied | |
| 25 Aug 2021 | 100477701 | Hdfc Bank Limited | ₹20 Cr | Satisfied | |
| 27 Jul 2021 | 100471003 | Others | ₹9.15 Cr | Satisfied | |
| 23 Apr 2021 | 100442963 | Others | ₹9.15 Cr | Satisfied |
To see the full charge records of Roots Corporation Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Roots Corporation Limited has 11 deals on record (5 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹427.6 Cr; the latest was in May 2022.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2022 | Funding round | ₹65 Cr | Investors: The Indian Hotels Company Limited |
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: The Indian Hotels Company Limited Seller: Tata Opportunities Fund |
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: The Indian Hotels Company Limited Seller: Tata Capital Limited , Tata Opportunities Fund |
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: The Indian Hotels Company Limited Seller: Piem Hotels Limited |
| Dec 2018 | Funding round | ₹72.6 Cr | Investors: The Indian Hotels Company Limited , Tata Opportunities Fund, Tata Capital Limited |
To see the full deal history of Roots Corporation 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
Roots Corporation Limited has 32 court cases on record: 21 filed by Roots Corporation, 11 filed against it. 5 cases are pending and 27 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 20 | 6 | 3 |
| District courts | 10 | 5 | 1 |
| Supreme Court | 2 | 0 | 1 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Arbitration matter | Filed against the company by Ocs Group India Pvt. Ltd. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Aster Udyam Pvt. Ltd. and 2 others | Disposed |
| District court, Chandigarh | Arbitration matter | Filed by the company against Hind Inns and Suites Limited | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by M/S Checkmate Services Pvt Ltd | Disposed |
| District court, Thiruvananthapuram, Kerala | Civil suit | Filed against the company by Coffee Beanz Pvt.Ltd | Disposed |
To see the full case history of Roots Corporation 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.
Credit ratings & regulatory alerts
Roots Corporation Limited was last rated by Icra on 26 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 26 Nov 2021 |
To see the full credit ratings and regulatory alerts of Roots Corporation Limited, buy the company report.
MSME payment delays
Roots Corporation Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 308 overdue payments to 82 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 82)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Rohini Signs Private Limited | |||
| Run Rare Buying Services |
To see the full MSME payment records of Roots Corporation Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Roots Corporation Limited has a workforce of 1,436 employees on its EPFO records as of Dec 21, 2025, across 1 active EPFO establishment.
GST
Roots Corporation has 38 GST registrations: 23 active and 15 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCR6389J1ZS | Maharashtra | Active | 01 Jul 2017 |
| 27AACCR6389J2ZR | Maharashtra | Active | 06 Jul 2017 |
| 05AACCR6389J1ZY | Uttarakhand | Active | 01 Jul 2017 |
| 06AACCR6389J1ZW | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Roots Corporation Limited, buy the company report.
Recent activity
Roots Corporation Limited has 52 board changes on record since 2003: 28 appointments and 24 cessations. The latest: Gaurav Sharma ceased to be Director on 31 Oct 2025.
69 earlier events are in the company report.
News
Frequently asked questions
Roots Corporation is an active public 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 24 December 2003 (23+ years old) and is registered under CIN U55100MH2003PLC143639.
Roots Corporation has 4 current directors and KMP:
- Deepika Rao Thallapalli - Director
- Nabakumar Shome - Director
- Leah Noel Tata - Additional Director
- Jithin Prakash - Cfo
The latest financial statements of Roots Corporation on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 14 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Roots Corporation is 27AACCR6389J1ZS, registered in Maharashtra. The company has 38 GST registrations in all, of which 23 are active and 15 are cancelled or inactive. Other active GSTINs include 27AACCR6389J2ZR (Maharashtra), 05AACCR6389J1ZY (Uttarakhand), 06AACCR6389J1ZW (Haryana).
The CIN (Corporate Identification Number) of Roots Corporation is U55100MH2003PLC143639. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Roots Corporation has 32 court cases on record: 21 filed by the company and 11 filed against it. 5 are pending. Most are in the high courts.
Roots Corporation was incorporated on 24 December 2003, making it 23+ years old. It is registered with the Registrar of Companies, Mumbai.
Roots Corporation has 11 deals on record (5 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹427.6 Cr; the latest was in May 2022.
The peers of Roots Corporation by revenue are Pallazzio Hotels & Leisure Limited, Sterling Holiday Resorts Limited, GRT Hotels and Resorts Private Limited, all in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Gaurav Sharma ceased to be Director on 31 Oct 2025. Leah Noel Tata was appointed as Additional Director on 31 Oct 2025. Brij Bhushan Chachra ceased to be Director on 29 Aug 2024. Roots Corporation has 52 board changes on record in total.
Roots Corporation has 7 MSME Form 1 returns on record between 2019 and 2023, listing 308 overdue payments to 82 micro and small suppliers. The latest return was filed on 20 Oct 2023.
Roots Corporation can be reached through the website gingerhotels.com. Its registered office is in Mumbai, Maharashtra, India.