About Sarovar Hotels Private Limited
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Sarovar 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 10 September 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74140MH1993PTC139435. Its GSTIN is 27AAACS8083L1ZU (Maharashtra). The company holds 30 GST registrations, of which 17 are active.
The company has an authorised share capital of ₹6.31 Cr and a paid-up capital of ₹1.93 Lakh. It was formerly known as Sarovar Park Plaza Hotels and Resorts Private Limited and Sarovar Park Plaza Hotels and Resorts Pvt Ltd. It is led by directors including Ajay Kumar Bakaya (Managing Director) and Priya Madhok.
Its last annual general meeting (AGM) was held on 29 June 2026, and its latest financial statements are for the year ended 31 December 2025. The registered office is at 42 Mittal Chambers Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹206.18 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹32.59 Cr (net margin 15.8%) and EBITDA of ₹50.53 Cr (EBITDA margin 24.5%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 9% over five years.
The company has about 1,928 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Sarovar Hotels. As per MCA filings, the company has satisfied charges of ₹46.8 Cr on record. Court records list 62 cases involving the company, including 49 filed by the company and 13 filed against it; 15 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹22.68 Cr; the latest was in August 2023. The company has 10 MSME Form 1 returns on record between 2018 and 2023, listing 27 overdue payments to 7 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 sarovarhotels.com.
Company details
Name history
Sarovar Hotels has undergone 2 name changes throughout its history. The company was previously known as Sarovar Park Plaza Hotels And Resorts Private Limited, and Sarovar Park Plaza Hotels And Resorts Pvt Ltd. The current legal name is Sarovar Hotels Private Limited.
| Company Name | Status |
|---|---|
| Sarovar Hotels Private Limited | Current |
| Sarovar Park Plaza Hotels And Resorts Private Limited | Previous |
| Sarovar Park Plaza Hotels And Resorts Pvt Ltd | Previous |
CIN history
Sarovar Hotels has one previous CIN (Corporate Identification Number): U74140MH2003PTC139435. The current CIN is U74140MH1993PTC139435, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140MH1993PTC139435 | Current |
| U74140MH2003PTC139435 | Previous |
Contact details
Sarovar Hotels Private Limited's registered office is in Mumbai, Maharashtra. Its website is sarovarhotels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address42 Mittal Chambers Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Sarovar Hotels Private 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
Sarovar Hotels operates one associated brand: Sarovar Hotels. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Hotels, restaurants, and resorts are operated across India and Africa. | sarovarhotels.com |
Business activity
The main business activities of Sarovar Hotels are professional, scientific and technical and accommodation and food service. In detail, this covers management consultancy activities and accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | |
| 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 Sarovar Hotels Private Limited, buy the company report.
Financials of Sarovar Hotels Private Limited
FY 2025 filings availableSarovar Hotels Private Limited reported revenue of ₹206.18 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 19% growth 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 | ₹206.18 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹50.53 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹32.59 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 | 24.5% | ||||
| Net Profit Margin | 15.8% | ||||
| 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 | |||||
To see the full financial statements and ratios of Sarovar Hotels Private Limited, buy the company report.
Board of directors of Sarovar Hotels Private Limited
Sarovar Hotels has 5 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Kumar Bakaya | Managing Director | 20 Nov 2000 | 25 Years 11 Months | Current |
| Priya Madhok | Director | 08 Apr 2025 | 1 Years 6 Months | Current |
| Gregoire Michel Bouffard Also directs: Sarovar Business and Leisure Hotels Private Limited | Director | 06 Jan 2025 | 1 Years 9 Months | Current |
| Gustav Otto Andreas Tscherning Also directs: Louvre Hotels India Private Limited | Director | 18 Aug 2023 | 3 Years 2 Months | Current |
| Mathieu Jean Michel Rouri Also directs: Louvre Hotels India Private Limited | Director | 24 May 2023 | 3 Years 5 Months | Current |
Auditor
Sarovar Hotels Private Limited is audited by M/s. Price Waterhouse Chartered Accountants LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s. Price Waterhouse Chartered Accountants LLP | FY 2024 | 012754N/N500016 |
Shareholding
The shareholding of Sarovar Hotels Private Limited 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 Sarovar Hotels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jan 2020 | 100327074 | Hdfc Bank Limited | ₹16.2 Lakh | Satisfied | |
| 08 Nov 2019 | 100308993 | Hdfc Bank Limited | ₹29 Lakh | Satisfied | |
| 22 May 2018 | 100245213 | Yes Bank Limited | ₹1.1 Cr | Satisfied | |
| 30 Mar 2012 | 10349513 | Kotak Mahindra Bank Limited | ₹5 Cr | Satisfied | |
| 28 Mar 2012 | 10349514 | Kotak Mahindra Bank Limited | ₹20 Cr | Satisfied |
To see the full charge records of Sarovar Hotels Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Sarovar Hotels Private Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹22.68 Cr; the latest was in August 2023.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Campanile Nederland BV Seller: Louvre Hotels Group |
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: Louvre Hotels Group Seller: New Vernon Private Equity, Bessemer Venture Partners, 2 individuals |
| Dec 2006 | Funding round | ₹22.68 Cr | Investors: Bessemer Venture Partners, New Vernon Private Equity |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sarovar Hotels Private Limited has 62 court cases on record: 49 filed by Sarovar Hotels, 13 filed against it. 15 cases are pending and 47 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 33 | 3 | 4 |
| District courts | 24 | 9 | 7 |
| Supreme Court | 5 | 1 | 4 |
Cases on record (5 of 62)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Darjeeling, West Bengal | Interim or miscellaneous application | Filed against the company by Future Gaming and Hotel Services Pvt.Ltd. | Pending |
| High Court of Punjab and Haryana | Revision petition | Filed by the company against James Hotels Limited | Pending |
| District court, Chandigarh | Arbitration matter | Filed against the company by James Hotels Ltd | Pending |
| District court, Chandigarh | Arbitration matter | Filed by the company against James Hotels Ltd | Pending |
| District court, Alappuzha, Kerala | Civil suit | Filed by the company against Vasu Coco Resorts Pvt.Ltd. | Disposed |
To see the full case history of Sarovar Hotels Private 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.
MSME payment delays
Sarovar Hotels Private Limited has 10 MSME Form 1 returns on record between 2018 and 2023, listing 27 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Chheda Management Consultants LLP | |||
| an individual supplier | |||
| an individual supplier | |||
| Perfect Office Systems P Ltd | |||
| Simplotel Technologies Private Limited |
To see the full MSME payment records of Sarovar Hotels Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Sarovar Hotels has 1 subsidiary 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 |
|---|---|---|
| Sarovar Business and Leisure Hotels Private Limited | U55101MH2008PTC185826 |
To see the full group structure of Sarovar Hotels Private Limited, buy the company report.
Employees & EPFO
Sarovar Hotels Private Limited has a workforce of 1,928 employees on its EPFO records as of Sep 10, 2025, across 15 active EPFO establishments.
GST
Sarovar Hotels has 30 GST registrations: 17 active and 13 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS8083L1ZU | Maharashtra | Active | 01 Jul 2017 |
| 27AAACS8083L7ZO | Maharashtra | Active | 01 Jul 2017 |
| 27AAACS8083L8ZN | Maharashtra | Active | 02 Jul 2022 |
| 27AAACS8083L9ZM | Maharashtra | Active | 06 May 2024 |
To see the full GST registrations and return filing status of Sarovar Hotels Private Limited, buy the company report.
Recent activity
Sarovar Hotels Private Limited has 21 board changes on record since 2000: 5 appointments and 16 cessations. The latest: Priya Madhok was appointed as Director on 08 Apr 2025.
29 earlier events are in the company report.
News
Frequently asked questions
Sarovar 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 10 September 1993 (33+ years old) and is registered under CIN U74140MH1993PTC139435.
Sarovar Hotels has 5 current directors:
- Ajay Kumar Bakaya - Managing Director
- Priya Madhok - Director
- Gregoire Michel Bouffard - Director
- Gustav Otto Andreas Tscherning - Director
- Mathieu Jean Michel Rouri - Director
The latest financial statements of Sarovar Hotels on record with the MCA are for the year ended 31 December 2025. Its last annual general meeting was held on 29 June 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Sarovar Hotels is 27AAACS8083L1ZU, registered in Maharashtra. The company has 30 GST registrations in all, of which 17 are active and 13 are cancelled or inactive. Other active GSTINs include 27AAACS8083L7ZO (Maharashtra), 27AAACS8083L8ZN (Maharashtra), 27AAACS8083L9ZM (Maharashtra).
The CIN (Corporate Identification Number) of Sarovar Hotels is U74140MH1993PTC139435. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sarovar Hotels has 62 court cases on record: 49 filed by the company and 13 filed against it. 15 are pending. Most are in the high courts.
Sarovar Hotels was incorporated on 10 September 1993, making it 33+ years old. It is registered with the Registrar of Companies, Mumbai.
Sarovar Hotels has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹22.68 Cr; the latest was in August 2023.
Priya Madhok was appointed as Director on 08 Apr 2025. Jatin Khanna ceased to be Director on 31 Mar 2025. Gregoire Michel Bouffard was appointed as Director on 06 Jan 2025. Sarovar Hotels has 21 board changes on record in total.
Sarovar Hotels has 10 MSME Form 1 returns on record between 2018 and 2023, listing 27 overdue payments to 7 micro and small suppliers. The latest return was filed on 23 Oct 2023.
Sarovar Hotels can be reached through the website sarovarhotels.com. Its registered office is in Mumbai, Maharashtra, India.