About Sayaji Hotels (Indore) Limited
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Sayaji Hotels (Indore) Limited is a public limited company based in Indore, Madhya Pradesh, India, a subsidiary of Sayaji Hotels Limited. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 10 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN L55209MP2018PLC076125. Its GSTIN is 23ABACS2910B2Z4 (Madhya Pradesh). The company holds 4 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on BSE: 544080.
The company has an authorised share capital of ₹9.1 Cr and a paid-up capital of ₹3.05 Cr. It was formerly known as Sayaji Hotels ( Vadodara ) Limited. It is led by directors including Raoof Razak Dhanani (Managing Director) and Thottappully Narayanan Unni.
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at H – 1 Scheme No. 54, Indore, Madhya Pradesh, India – 452010.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹106.55 Cr, a growth of 0.8% compared to the previous year. For the same year it recorded a net profit of ₹9.24 Cr (net margin 8.7%) and EBITDA of ₹22.42 Cr (EBITDA margin 21%). The net worth stands at ₹70.18 Cr (up 12.4% YoY). Total assets are valued at ₹208.94 Cr (up 73.5% YoY).
The company has about 610 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹140.46 Cr on record. The company has 12 deals on record (12 market trades); the latest was in August 2026. Its 4 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, 3 larger and 1 smaller; the largest is Shree Balajee Landmark Hotels Private Limited with revenue of ₹108.09 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sayajihotels.com.
Company details
CIN history
Sayaji Hotels (Indore) has one previous CIN (Corporate Identification Number): U55209TN2018PLC122598. The current CIN is L55209MP2018PLC076125, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L55209MP2018PLC076125 | Current |
| U55209TN2018PLC122598 | Previous |
Contact details
Sayaji Hotels (Indore) Limited's registered office is in Indore, Madhya Pradesh.
- Social Media
- Registered AddressH – 1 Scheme No. 54, Indore, Madhya Pradesh, India – 452010
- 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
Business activity
The main business activity of Sayaji Hotels (Indore) is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc. and food and beverage services provided by hotels, restaurants, caterers, etc.. 2 activity segments are registered with the MCA.
| 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. | |
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. |
To see the full business activity and turnover split of Sayaji Hotels (Indore) Limited, buy the company report.
Financials of Sayaji Hotels (Indore) Limited
FY 2025-26 filings availableSayaji Hotels (Indore) Limited reported revenue of ₹106.55 Cr (up 0.8% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 107 | 106 | 96.17 | 99.23 | 0.00 | 0.00 |
| Revenue growth | +0.8% | +9.9% | -3.1% | - | - | - |
| EBITDA | 22.42 | 25.82 | 19.55 | 23.05 | (0.01) | 0.00 |
| EBITDA margin | +21.0% | +24.4% | +20.3% | +23.2% | - | - |
| Profit before tax | 10.51 | 13.44 | 9.33 | 14.01 | (0.01) | 0.00 |
| Net profit | 9.24 | 10.72 | 7.17 | 10.41 | 0.01 | (0.01) |
| Net profit margin | +8.7% | +10.1% | +7.5% | +10.5% | - | - |
| EPS (₹) | 26.28 | 34.70 | 23.58 | 34.13 | 3.46 | (3.12) |
| Balance sheet | ||||||
| Total assets | 209 | 120 | 99.72 | 83.79 | 0.02 | 0.01 |
| Net worth | 70.18 | 62.41 | 52.04 | 45.09 | 0.02 | 0.01 |
| Total debt | 132 | 51.62 | 41.82 | 32.71 | 0.00 | 0.00 |
| Cash & bank | 9.92 | 0.24 | 2.58 | 0.27 | 0.02 | 0.02 |
| Net working capital | 10.73 | (3.59) | 0.64 | (0.02) | 0.03 | 0.02 |
| Cash flow | ||||||
| Cash from operations | 15.53 | 24.97 | 17.83 | 0.96 | 0.00 | (0.01) |
| Cash from investing | (89.02) | (30.85) | (20.36) | (2.22) | 0.00 | 0.00 |
| Cash from financing | 73.98 | 3.63 | 4.83 | 1.41 | 0.00 | 0.00 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19.18 | 26.52 | 29.60 | 32.13 | 21.06 | 23.76 | 29.51 | 30.17 |
| Revenue growth (YoY) | -8.9% | +11.6% | +0.3% | +6.5% | -4.0% | -1.3% | - | - |
| Other income | 0.16 | 0.22 | 0.28 | 0.07 | 0.14 | 0.26 | 0.14 | 0.09 |
| Total expenses | 21.87 | 21.76 | 26.55 | 21.18 | 17.87 | 18.53 | 21.52 | 21.83 |
| EBITDA | (2.69) | 4.76 | 3.05 | 10.95 | 3.19 | 5.23 | 7.99 | 8.34 |
| EBITDA margin | -14.0% | +17.9% | +10.3% | +34.1% | +15.1% | +22.0% | +27.1% | +27.6% |
| Depreciation | 1.54 | 1.50 | 1.71 | 1.67 | 1.62 | 1.60 | 1.76 | 1.64 |
| Interest | 1.67 | 1.46 | 1.49 | 1.59 | 1.54 | 1.44 | 1.36 | 1.51 |
| Profit before tax | (5.74) | 2.02 | 0.13 | 7.76 | 0.17 | 2.45 | 5.01 | 5.28 |
| Tax | (0.91) | 0.44 | (0.04) | 1.90 | (0.01) | 0.66 | 0.58 | 0.74 |
Financial Statements
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 19.18 | 26.52 | 29.60 | 32.13 | 21.06 | 23.76 | 29.51 | 30.17 |
| Revenue growth (YoY) | -8.9% | +11.6% | +0.3% | +6.5% | -4.0% | -1.3% | - | - |
| Other income | 0.16 | 0.22 | 0.28 | 0.07 | 0.14 | 0.26 | 0.14 | 0.09 |
| Total expenses | 21.87 | 21.76 | 26.55 | 21.18 | 17.87 | 18.53 | 21.52 | 21.83 |
| EBITDA | (2.69) | 4.76 | 3.05 | 10.95 | 3.19 | 5.23 | 7.99 | 8.34 |
| EBITDA margin | -14.0% | +17.9% | +10.3% | +34.1% | +15.1% | +22.0% | +27.1% | +27.6% |
| Depreciation | 1.54 | 1.50 | 1.71 | 1.67 | 1.62 | 1.60 | 1.76 | 1.64 |
| Interest | 1.67 | 1.46 | 1.49 | 1.59 | 1.54 | 1.44 | 1.36 | 1.51 |
| Profit before tax | (5.74) | 2.02 | 0.13 | 7.76 | 0.17 | 2.45 | 5.01 | 5.28 |
| Tax | (0.91) | 0.44 | (0.04) | 1.90 | (0.01) | 0.66 | 0.58 | 0.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 107 | 106 | 96.17 | 99.23 | 0.00 | 0.00 |
| Revenue growth | +0.8% | +9.9% | -3.1% | - | - | - |
| Other income | 0.75 | 0.46 | 0.53 | 0.60 | 0.00 | 0.00 |
| Total expenses | 84.13 | 79.86 | 76.62 | 76.18 | 0.01 | 0.00 |
| Employee cost | 27.23 | 24.99 | 23.21 | 18.92 | 0.00 | 0.00 |
| EBITDA | 22.42 | 25.82 | 19.55 | 23.05 | (0.01) | 0.00 |
| EBITDA margin | +21.0% | +24.4% | +20.3% | +23.2% | - | - |
| Depreciation | 6.60 | 6.65 | 6.45 | 6.46 | 0.00 | 0.00 |
| Interest | 6.06 | 6.19 | 4.30 | 3.18 | 0.00 | 0.00 |
| Profit before tax | 10.51 | 13.44 | 9.33 | 14.01 | (0.01) | 0.00 |
| Tax | 2.50 | 2.85 | 2.15 | 3.60 | (0.02) | 0.01 |
| Net profit | 9.24 | 10.72 | 7.17 | 10.41 | 0.01 | (0.01) |
| Net profit margin | +8.7% | +10.1% | +7.5% | +10.5% | - | - |
| EPS (₹) | 26.28 | 34.70 | 23.58 | 34.13 | 3.46 | (3.12) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 3.05 | 3.05 | 3.05 | 3.05 | 0.05 | 0.05 |
| Reserves & surplus | 67.13 | 59.36 | 48.99 | 42.04 | (0.03) | (0.04) |
| Shareholders' funds (net worth) | 70.18 | 62.41 | 52.04 | 45.09 | 0.02 | 0.01 |
| Secured loans | 95.13 | 13.02 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 36.77 | 38.60 | 41.82 | 32.71 | 0.00 | 0.00 |
| Total debt | 132 | 51.62 | 41.82 | 32.71 | 0.00 | 0.00 |
| Total liabilities | 209 | 120 | 99.72 | 83.79 | 0.02 | 0.01 |
| Assets | ||||||
| Gross block | 230 | 228 | 226 | 219 | 0.00 | 0.00 |
| Net block | 68.38 | 71.61 | 72.89 | 72.30 | 0.00 | 0.00 |
| Capital work in progress | 112 | 39.81 | 14.31 | 0.91 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 3.62 | 2.70 | 4.19 | 4.14 | 0.00 | 0.00 |
| Sundry debtors | 3.36 | 3.94 | 2.96 | 2.29 | 0.00 | 0.00 |
| Cash & bank balances | 9.92 | 0.24 | 2.58 | 0.27 | 0.02 | 0.02 |
| Loans & advances | 10.35 | 4.04 | 3.12 | 5.57 | 0.01 | 0.00 |
| Total current assets | 27.25 | 10.92 | 12.85 | 12.27 | 0.03 | 0.02 |
| Total current liabilities | 16.52 | 14.51 | 12.21 | 12.29 | 0.00 | 0.00 |
| Net working capital | 10.73 | (3.59) | 0.64 | (0.02) | 0.03 | 0.02 |
| Total assets | 209 | 120 | 99.72 | 83.79 | 0.02 | 0.01 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 0.22 | 2.46 | 0.16 | 0.02 | 0.02 | 0.03 |
| Net cash from operating activities | 15.53 | 24.97 | 17.83 | 0.96 | 0.00 | (0.01) |
| Net cash from investing activities | (89.02) | (30.85) | (20.36) | (2.22) | 0.00 | 0.00 |
| Net cash from financing activities | 73.98 | 3.63 | 4.83 | 1.41 | 0.00 | 0.00 |
| Net change in cash | 0.49 | (2.24) | 2.30 | 0.14 | 0.00 | (0.01) |
| Closing cash | 9.92 | 0.24 | 2.58 | 0.27 | 0.02 | 0.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +0.8% | +9.9% | -3.1% | - | - | - |
| EBITDA growth | -13.2% | +32.1% | -15.2% | - | - | - |
| PBT growth | -21.8% | +44.1% | -33.4% | +9998.0% | +9997.0% | +9997.0% |
| Net income growth | -13.8% | +49.5% | -31.1% | - | +200.0% | - |
| Revenue CAGR (3Y) | +2.4% | - | - | - | - | - |
| EBITDA CAGR (3Y) | -0.9% | - | - | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +7.5% | +10.0% | +7.5% | +10.5% | - | - |
| Return on capital employed | +11.1% | +17.8% | +14.9% | +41.0% | 0.0% | 0.0% |
| Return on net worth | +13.9% | +18.5% | +14.8% | +46.1% | +66.7% | 0.0% |
| Debt / equity | 1.38 | 0.82 | 0.77 | 0.73 | 0.00 | 0.00 |
| Long-term debt / equity | 1.25 | 0.61 | 0.42 | 0.43 | 0.00 | 0.00 |
| Interest cover | 38.31 | 32.29 | 32.82 | 19.17 | 0.00 | - |
| Efficiency & per share | ||||||
| Fixed asset turnover | 0.47 | 0.47 | 0.43 | 0.91 | 0.00 | 0.00 |
| Inventory turnover | 33.72 | 30.68 | 23.09 | 47.94 | 0.00 | 0.00 |
| Debtors turnover | 29.19 | 30.63 | 36.64 | 86.66 | 0.00 | 0.00 |
| EPS (₹) | 26.28 | 34.70 | 23.58 | 34.13 | 3.46 | (3.12) |
| Dividend per share (₹) | 0.80 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 230.35 | 204.83 | 170.79 | 147.98 | 4.54 | 1.06 |
To see the full year-wise statements and ratios of Sayaji Hotels (Indore) Limited, buy the company report.
Board of directors of Sayaji Hotels (Indore) Limited
Sayaji Hotels (Indore) has 7 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thottappully Narayanan Unni Also directs: Sayaji Hotels (Pune) Limited, Super Civiltech Private Limited, The Lake Shore Palace Hotel Private Limited and 2 more | Director | 08 Jul 2023 | 3 Years 4 Months | Current |
| Abhay Chintaman Chaudhari | Director | 08 Jul 2023 | 3 Years 4 Months | Current |
| Saquib Salim Agboatwala Also directs: Sayaji Hotels Limited, Technogram Private Limited | Director | 27 Jan 2025 | 1 Years 9 Months | Current |
| Riya Chhabra Also directs: Mid India Creations LLP, C21 Worldwide Commodities LLP, Brushes and Beats by Amaira LLP and 5 more | Director | 01 Sep 2025 | 1 Years 2 Months | Current |
| Karan Singh Chhabra Also directs: C21 Worldwide Commodities LLP, Ruvaira Curated Experiences by Riya LLP, The C21 Empire Hospitalities and Real Estate LLP and 5 more | Director | 01 Sep 2025 | 1 Years 2 Months | Current |
| Raoof Razak Dhanani Also directs: Sayaji Hotels (Pune) Limited, Super Civiltech Private Limited, Aries Hotels Private Limited and 5 more | Managing Director | 10 May 2018 | 8 Years 5 Months | Current |
Peer comparison
Sayaji Hotels (Indore) Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Shree Balajee Landmark Hotels Private Limited | ₹108.09 Cr (FY 2025) | 27.0% | Indore, Madhya Pradesh, India | |||
| Seven Seas Hospitality Private Limited | ₹108.09 Cr (FY 2024) | -2.0% | Delhi, India | |||
| A.S.K.Brothers .Private Limited | ₹107.75 Cr (FY 2025) | 33.0% | Bangalore, Karnataka, India | |||
| Sayaji Hotels (Indore) Limitedthis company | ₹106.55 Cr (FY 2026) | ₹9.24 Cr | 8.7% | 0.8% | Indore, Madhya Pradesh, India | |
| SPPL Hotels Pvt Ltd | ₹105.44 Cr (FY 2025) | 9.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Sayaji Hotels (Indore) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Dec 2025 | 101212368 | Axis Bank Limited | ₹44.49 Lakh | Open | |
| 25 Sep 2025 | 101170806 | Axis Bank Limited | ₹15 Cr | Open | |
| 02 Aug 2024 | 100956653 | Axis Bank Limited | ₹1 Lakh | Open | |
| 11 Jul 2024 | 100956647 | Axis Bank Limited | ₹1 Lakh | Open | |
| 08 Jul 2024 | 100955573 | Others | ₹125 Cr | Open |
To see the full charge records of Sayaji Hotels (Indore) Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Sayaji Hotels (Indore) Limited has 12 deals on record (12 market trades); the latest was in August 2026.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2026 | Market trade | ₹2.3 Cr | Buyer: an individual Seller: Century 21 Officespace Private Limited |
| Aug 2026 | Market trade | ₹2.06 Cr | Buyer: an individual Seller: Century 21 Officespace Private Limited |
| Mar 2025 | Market trade | ₹8.71 Cr | Buyer: Print Solutions Private Limited Seller: an individual |
| Sep 2024 | Market trade | ₹11.84 Cr | Buyer: Deepder Real Estate LLP Seller: an individual |
| Aug 2024 | Market trade | ₹12.75 Cr | Buyer: Deepder Real Estate LLP Seller: an individual |
To see the full deal history of Sayaji Hotels (Indore) 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
No court or tribunal cases involving Sayaji Hotels (Indore) Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sayaji Hotels (Indore) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sayaji Hotels (Indore) has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23ABACS2910B2Z4 | Madhya Pradesh | Active | 01 Jun 2023 |
| 23ABACS2910B1Z5 | Madhya Pradesh | Active | 16 Jun 2023 |
| 23ABACS2910B3Z3 | Madhya Pradesh | Active | 04 Aug 2023 |
| 23ABACS2910B4Z2 | Madhya Pradesh | Active | 02 Nov 2023 |
To see the full GST registrations and return filing status of Sayaji Hotels (Indore) Limited, buy the company report.
Recent activity
Sayaji Hotels (Indore) Limited has 19 board changes on record since 2018: 8 appointments and 11 cessations. The latest: Karan Singh Chhabra ceased to be Additional Director on 15 Oct 2025.
16 earlier events are in the company report.
News
Frequently asked questions
Sayaji Hotels (Indore) is an active public limited company based in Indore, Madhya Pradesh, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 10 May 2018 (8+ years old) and is registered under CIN L55209MP2018PLC076125. Listed on BSE: 544080.
Sayaji Hotels (Indore) reported revenue of ₹106.55 Cr for FY 2025-26 (up 0.8% YoY) based on standalone financials.
Sayaji Hotels (Indore) has 7 current directors:
- Raoof Razak Dhanani - Managing Director
- Thottappully Narayanan Unni - Director
- Abhay Chintaman Chaudhari - Director
- Saquib Salim Agboatwala - Director
- Riya Chhabra - Director
- Karan Singh Chhabra - Director
- Preeti Gupta - Director
The latest financial statements of Sayaji Hotels (Indore) on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 17 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Sayaji Hotels (Indore) is 23ABACS2910B2Z4, registered in Madhya Pradesh. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 23ABACS2910B1Z5 (Madhya Pradesh), 23ABACS2910B3Z3 (Madhya Pradesh), 23ABACS2910B4Z2 (Madhya Pradesh).
The CIN (Corporate Identification Number) of Sayaji Hotels (Indore) is L55209MP2018PLC076125. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Sayaji Hotels (Indore) is a listed company as per MCA records. Its shares are listed on BSE (code: 544080).
Sayaji Hotels (Indore) was incorporated on 10 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Gwalior.
Sayaji Hotels (Indore) has 12 deals on record (12 market trades); the latest was in August 2026.
The peers of Sayaji Hotels (Indore) by revenue are Shree Balajee Landmark Hotels Private Limited, Seven Seas Hospitality Private Limited, A.S.K.Brothers .Private Limited, SPPL Hotels Pvt Ltd, all in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Karan Singh Chhabra ceased to be Additional Director on 15 Oct 2025. Riya Chhabra ceased to be Additional Director on 15 Oct 2025. Karan Singh Chhabra was appointed as Director on 01 Sep 2025. Sayaji Hotels (Indore) has 19 board changes on record in total.
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