Shetty Hotels Private Limited
About Shetty Hotels Private Limited
Data last updated:
Shetty Hotels Private Limited is a private limited company based in Udupi, Karnataka, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 13 November 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U55101KA1997PTC023013.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹91.46 Lakh. It is led by directors including Reshma Shetty and Nagaraj Shekar Shetty.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sri Ram Arcade Opp. Head Post Office Udupi, Karnataka, India – 576101.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.35 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹13.21 Lakh (net margin 3%) and EBITDA of ₹66.29 Lakh (EBITDA margin 15.2%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 11% over five years.
As per MCA filings, the company has open charges of ₹3.61 Cr on record. Court records list 4 cases involving the company, including 4 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Shetty Hotels Private Limited's registered office is in Udupi, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSri Ram Arcade Opp. Head Post Office Udupi, Karnataka, India – 576101
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Shetty 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
Business activity
The main business activity of Shetty Hotels is accommodation and food service activities. In detail, this covers accommodation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food service activities | 55 | Accommodation |
To see the full business activity and turnover split of Shetty Hotels Private Limited, buy the company report.
Financials of Shetty Hotels Private Limited
FY 2025 filings availableShetty Hotels Private Limited reported revenue of ₹4.35 Cr (down 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA rose 61% 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 | ₹66.29 Lakh | ||||
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| Net Profit (PAT) | ₹13.21 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 15.2% | ||||
| Net Profit Margin | 3% | ||||
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To see the full financial statements and ratios of Shetty Hotels Private Limited, buy the company report.
Board of directors of Shetty Hotels Private Limited
Shetty Hotels has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Reshma Shetty | Director | 13 Nov 1997 | 28 Years 11 Months | Current |
| Nagaraj Shekar Shetty | Director | 13 Nov 1997 | 28 Years 11 Months | Current |
| Taranath Shetty | Director | 27 Jan 2009 | 17 Years 9 Months | Current |
Auditor
Shetty Hotels Private Limited is audited by Kamath & Co for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Kamath & Co | FY 2017 | 012593S |
Shareholding
The shareholding of Shetty Hotels Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Shetty Hotels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Sep 2019 | 100294803 | Others | ₹75 Lakh | Open | |
| 25 Sep 2019 | 100294807 | Others | ₹2.5 Cr | Open | |
| 21 May 2001 | 90192401 | The Vysya Bank Ltd. | ₹3 Lakh | Open | |
| 21 May 2001 | 90200602 | The Vysya Bank Ltd. | ₹3 Lakh | Open | |
| 30 Mar 2001 | 90192380 | The Vysya Bank Ltd. | ₹15 Lakh | Open |
Total charge records: 6 View all charges
Legal cases
Shetty Hotels Private Limited has 4 court cases on record: 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, UDUPI, Karnataka | Criminal complaint | Filed against the company by Manipal Media Network Ltd., Manipal | Disposed |
| District court, UDUPI, Karnataka | Criminal complaint | Filed against the company by Ms. Ing Vysya Bank Ltd. Bangalore | Disposed |
| District court, UDUPI, Karnataka | Court case (Crl.R.P.) | Filed against the company by Ms. Ing Vysa Bank Ltd. | Disposed |
| District court, UDUPI, Karnataka | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Shetty 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
No delayed payments to MSME suppliers are on our record for Shetty Hotels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Shetty Hotels Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Shetty Hotels Private Limited has 5 board changes on record since 1997: 3 appointments and 2 cessations. The latest: Asha Shekar Shetty ceased to be Director on 01 Apr 2019.
2 earlier events are in the company report.
Frequently asked questions
Shetty Hotels is an active private limited company based in Udupi, Karnataka, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 13 November 1997 (29+ years old) and is registered under CIN U55101KA1997PTC023013.
Shetty Hotels has 3 current directors:
- Reshma Shetty - Director
- Nagaraj Shekar Shetty - Director
- Taranath Shetty - Director
The latest financial statements of Shetty Hotels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Shetty Hotels is U55101KA1997PTC023013. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shetty Hotels has 4 court cases on record: 4 filed against it.
Shetty Hotels was incorporated on 13 November 1997, making it 29+ years old. It is registered with the Registrar of Companies, Bangalore.
Asha Shekar Shetty ceased to be Director on 01 Apr 2019. Shekara Kudukunje Shetty ceased to be Managing Director on 01 Apr 2019. Taranath Shetty was appointed as Director on 27 Jan 2009. Shetty Hotels has 5 board changes on record in total.
The registered office of Shetty Hotels is at Sri Ram Arcade Opp. Head Post Office Udupi, Karnataka, India – 576101.
Shetty Hotels operates in the travel and hospitality industry, in the hotel and accommodation services segment.
Shetty Hotels has open charges of ₹3.61 Cr and no satisfied charges on record as per latest MCA filings.
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