Safari Retreats Pvt Ltd
About Safari Retreats Pvt Ltd
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Safari Retreats Pvt Ltd is a private limited company based in Bhubaneswar, Odisha, India, a subsidiary of Brep Asia Sg Forum Holding (Nq) Pte. Ltd. It operates in the mall and retail management segment of the business services sector. It was incorporated on 27 February 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Cuttack, under CIN U70101OR1982PTC001037. Its GSTIN is 21AAGCS2244F1ZU (Odisha).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.31 Cr. It is led by directors including Jayen Ajit Naik and Pratik Nailesh Dantara.
Its last annual general meeting (AGM) was held on 21 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 721 Rasulgarh, Bhubaneswar, Odisha, India – 751010.
As per the financials filed for FY 2025, the company reported a revenue of ₹95.25 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹28.77 Cr (net margin 30.2%) and EBITDA of ₹69.26 Cr (EBITDA margin 72.7%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 5% over five years.
The company has about 25 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹550 Cr and satisfied charges of ₹742 Cr on record. Court records list 10 cases involving the company, including 2 filed by the company and 8 filed against it; 4 cases are pending. The company has 19 deals on record (18 secondary share transfers, 1 funding round), with disclosed funding of ₹39.51 Cr; the latest was in May 2023. Its 6 peer companies in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property) are compared by revenue, 3 larger and 3 smaller; the largest is VR Surat Private Limited with revenue of ₹106.24 Cr. The company has 13 MSME Form 1 returns on record between 2019 and 2023, listing 205 overdue payments to 55 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Safari Retreats Pvt Ltd's registered office is in Bhubaneswar, Odisha. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address721 Rasulgarh, Bhubaneswar, Odisha, India – 751010
- IndustryBusiness Services, Mall & Retail Management
To see the full contact details of Safari Retreats Pvt Ltd, 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 Safari Retreats is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Safari Retreats Pvt Ltd, buy the company report.
Financials of Safari Retreats Pvt Ltd
FY 2025 filings availableSafari Retreats Pvt Ltd reported revenue of ₹95.25 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 11% growth in the latest year. EBITDA rose 13% 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 |
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| EBITDA | ₹69.26 Cr | ||||
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| Net Profit (PAT) | ₹28.77 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 72.7% | ||||
| Net Profit Margin | 30.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Safari Retreats Pvt Ltd, buy the company report.
Board of directors of Safari Retreats Pvt Ltd
Safari Retreats has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayen Ajit Naik Also directs: Nexus Green Power Private Limited, Nexus Shantiniketan Retail Private Limited, Mamadapur Solar Private Limited and 5 more | Nominee Director | 11 Dec 2024 | 1 Years 10 Months | Current |
| Pratik Nailesh Dantara Also directs: Nexus Green Power Private Limited, Indore Treasure Island Private Limited, Padma Homes Private Limited and 4 more | Nominee Director | 12 May 2023 | 3 Years 5 Months | Current |
| Nilesh Kumar Singh Also directs: Nexus Green Power Private Limited, Nexus Udaipur Retail Private Limited, Naman Mall Management Company Private Limited and 4 more | Nominee Director | 12 May 2023 | 3 Years 5 Months | Current |
Peer comparison
Safari Retreats Pvt Ltd is compared with the 6 companies closest to it by revenue in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| VR Surat Private Limited | ₹106.24 Cr (FY 2024) | 18.0% | Magdalla, Gujarat, India | |||
| Omr Mall Developers Private Limited | ₹105.16 Cr (FY 2025) | 24.0% | Chennai, Tamil Nadu, India | |||
| Future Market Networks Limited | ₹98.26 Cr (FY 2023) | 10.0% | Mumbai, Maharashtra, India | |||
| Safari Retreats Pvt Ltdthis company | ₹95.25 Cr (FY 2025) | ₹28.77 Cr | 30.2% | 11.0% | 25 | Bhubaneswar, Odisha, India |
| Nexus Shantiniketan Retail Private Limited | ₹86.79 Cr (FY 2025) | 7.0% | Bangalore, Karnataka, India | |||
| Nexusmalls Whitefield Private Limited | ₹85.66 Cr (FY 2025) | 13.0% | Bangalore, Karnataka, India | |||
| City Realty & Development Private Limited | ₹82.84 Cr (FY 2025) | -1.0% | Pune, Maharashtra, India |
To see the full peer comparison of Safari Retreats Pvt Ltd, buy the company report.
Auditor
Safari Retreats Pvt Ltd is audited by SRBC & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRBC & CO. LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Safari Retreats Pvt Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Safari Retreats Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 May 2025 | 101107251 | Idbi Trusteeship Services Limited | ₹550 Cr | Open | |
| 14 Jul 2020 | 100357136 | Sbicap Trustee Company Limited | ₹30 Cr | Satisfied | |
| 02 Aug 2018 | 100204512 | Sbicap Trustee Company Limited | ₹250 Cr | Satisfied | |
| 16 Sep 2016 | 100060995 | State Bank of India | ₹231 Cr | Satisfied | |
| 16 Sep 2016 | 100049848 | State Bank of India | ₹231 Cr | Satisfied |
To see the full charge records of Safari Retreats Pvt Ltd, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Safari Retreats Pvt Ltd has 19 deals on record (18 secondary share transfers, 1 funding round), with disclosed funding of ₹39.51 Cr; the latest was in May 2023.
Deals on record (5 of 19)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: Blackstone Advisors India Seller: Forum Projects Private Limited |
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: Blackstone Advisors India Seller: Forum Projects Private Limited |
| Jan 2018 | Secondary share transfer | Undisclosed | Buyer: Blackstone Advisors India Seller: Forum Projects Private Limited |
| Nov 2017 | Secondary share transfer | Undisclosed | Buyer: Forum Projects Private Limited Seller: Landmark Banyan Real Estate Advisors |
| Oct 2017 | Secondary share transfer | Undisclosed | Buyer: Forum Projects Private Limited Seller: Plus One Realtors Private Limited |
To see the full deal history of Safari Retreats Pvt Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Safari Retreats Pvt Ltd has 10 court cases on record: 2 filed by Safari Retreats, 8 filed against it. 4 cases are pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 4 | 4 |
| Supreme Court | 4 | 3 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (0428-Indirect Taxes Matters : Others) | Filed against the company by RMZ Hotels Private Limited Through Its Authorized Signatory Mr. V S Narayanan Office at Level 12-14, No. 1 and 2, the Millenia, Tower B, Murphy Road, Ulsoor, Bengaluru Urban ,Bangalore , Karnataka | Disposed |
| High Court | Revision petition | Filed against the company by Hura Brothers Hospitality Pvt. Ltd. | Disposed |
| High Court of Orissa | Court case (OTAPL) | Filed against the company by Principal Commissioner of GST and C. Ex, Bhubaneswar | Pending |
| High Court, ORISSA | Court case (MSA) | Filed against the company by an individual | Pending |
| High Court, ORISSA | Writ petition | Filed by the company against State of Odisha and 3 others | Pending |
To see the full case history of Safari Retreats Pvt Ltd, 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
Safari Retreats Pvt Ltd has 13 MSME Form 1 returns on record between 2019 and 2023, listing 205 overdue payments to 55 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 55)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Aryan Essentials Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Safari Retreats Pvt Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Safari Retreats Pvt Ltd has a workforce of 25 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Safari Retreats has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 21AAGCS2244F1ZU | Odisha | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Safari Retreats Pvt Ltd, buy the company report.
Recent activity
Safari Retreats Pvt Ltd has 21 board changes on record since 2007: 3 appointments and 18 cessations. The latest: Jayen Ajit Naik ceased to be Additional Director on 20 Jul 2025.
24 earlier events are in the company report.
Frequently asked questions
Safari Retreats is an active private limited company based in Bhubaneswar, Odisha, India. The company works in mall and retail management, within the business services industry. It was incorporated on 27 February 1982 (44+ years old) and is registered under CIN U70101OR1982PTC001037.
Safari Retreats has 3 current directors:
- Jayen Ajit Naik - Nominee Director
- Pratik Nailesh Dantara - Nominee Director
- Nilesh Kumar Singh - Nominee Director
The latest financial statements of Safari Retreats on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 21 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Safari Retreats is 21AAGCS2244F1ZU, registered in Odisha.
The CIN (Corporate Identification Number) of Safari Retreats is U70101OR1982PTC001037. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Safari Retreats has 10 court cases on record: 2 filed by the company and 8 filed against it. 4 are pending. Most are in the high courts.
Safari Retreats was incorporated on 27 February 1982, making it 44+ years old. It is registered with the Registrar of Companies, Cuttack.
Safari Retreats has 19 deals on record (18 secondary share transfers, 1 funding round), with disclosed funding of ₹39.51 Cr; the latest was in May 2023.
The peers of Safari Retreats by revenue are VR Surat Private Limited, Omr Mall Developers Private Limited, Future Market Networks Limited, Nexus Shantiniketan Retail Private Limited, Nexusmalls Whitefield Private Limited and 1 more, all in the Business Services industry (Mall Management), with the same principal business activity (real estate activities with own or leased property).
Jayen Ajit Naik ceased to be Additional Director on 20 Jul 2025. Jayen Ajit Naik was appointed as Nominee Director on 11 Dec 2024. Nilesh Kumar Singh ceased to be Additional Director on 04 Jul 2023. Safari Retreats has 21 board changes on record in total.
Safari Retreats has 13 MSME Form 1 returns on record between 2019 and 2023, listing 205 overdue payments to 55 micro and small suppliers. The latest return was filed on 22 Nov 2023.
The registered office of Safari Retreats is at 721 Rasulgarh, Bhubaneswar, Odisha, India – 751010.
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