About Starboard Hotels Private Limited
Data last updated:
Starboard Hotels Private Limited is a private limited company based in Mahalaxmi, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 15 July 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH1996PTC101044. Its GSTIN is 27AAACO2358J1ZC (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Classic Software Technology Park Developers Private Limited and Oracle Software Technology Park Developers Private Limited. It is led by directors including Raghav Bajoria and Manish Ashok Singh.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mahalaxmi, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.09 Cr, a decline of 1% compared to the previous year. For the same year it recorded a net profit of ₹10.19 Cr (net margin 22.1%) and EBITDA of ₹25.23 Cr (EBITDA margin 54.7%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 1% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹260.53 Cr and satisfied charges of ₹793.22 Cr on record. Court records list 22 cases involving the company, including 16 filed by the company and 6 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website highstreetphoenix.com.
Company details
Name history
Starboard Hotels has undergone 3 name changes throughout its history. The company was previously known as Classic Software Technology Park Developers Private Limited, Oracle Software Technology Park Developers Private Limited, and Oracle Forex Private Limited. The current legal name is Starboard Hotels Private Limited.
| Company Name | Status |
|---|---|
| Starboard Hotels Private Limited | Current |
| Classic Software Technology Park Developers Private Limited | Previous |
| Oracle Software Technology Park Developers Private Limited | Previous |
| Oracle Forex Private Limited | Previous |
CIN history
Starboard Hotels has one previous CIN (Corporate Identification Number): U67190MH1996PTC101044. The current CIN is U55101MH1996PTC101044, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U55101MH1996PTC101044 | Current |
| U67190MH1996PTC101044 | Previous |
Contact details
Starboard Hotels Private Limited's registered office is in Mahalaxmi, Maharashtra. Its website is highstreetphoenix.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressC/Omarket City Resources P Ltd Grnd Flr.Opp Shakti Mills Rrhosierybldgshree Laxmi Woolen Mi, Lls Estate, Mahalaxmi, Maharashtra, India – 400011
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Starboard 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 Starboard Hotels 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 Starboard Hotels Private Limited, buy the company report.
Financials of Starboard Hotels Private Limited
FY 2025 filings availableStarboard Hotels Private Limited reported revenue of ₹46.09 Cr (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 1% 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 | ₹25.23 Cr | ||||
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| Net Profit (PAT) | ₹10.19 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 | 54.7% | ||||
| Net Profit Margin | 22.1% | ||||
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To see the full financial statements and ratios of Starboard Hotels Private Limited, buy the company report.
Board of directors of Starboard Hotels Private Limited
Starboard Hotels has 6 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raghav Bajoria Also directs: Classic Housing Projects Private Limited, Palladium Constructions Private Limited, RKBK Limited and 5 more | Director | 10 Jul 2024 | 2 Years 3 Months | Current |
| Manish Ashok Singh | Director | 10 Jul 2024 | 2 Years 3 Months | Current |
| Rajesh Maruti Patil | Director | 31 Oct 2024 | 1 Years 11 Months | Current |
| Mukesh Jagat Jethwani Also directs: Kara Property Ventures LLP, Crest Capital and Investment Limited | Director | 23 May 2022 | 4 Years 5 Months | Current |
| Mirza Saeed Kazi Also directs: Alpha Asset Advisors LLP, Transchem Limited, Associated Luggage Company Private Limited and 5 more | Director | 08 Nov 2016 | 9 Years 11 Months | Current |
| Radhika Bhagatsingh Bhakuni Also directs: Classic Housing Projects Private Limited, La Visual Space Developers LLP, Picotee Mansions LLP and 5 more | Director | 08 Nov 2016 | 9 Years 11 Months | Current |
Auditor
Starboard Hotels Private Limited is audited by DTS & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DTS & Associates LLP | FY 2023 | 142412W/W-100595 |
Shareholding
The shareholding of Starboard 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 Starboard Hotels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2025 | 101115904 | Hdfc Bank Limited | ₹250 Cr | Open | |
| 26 Mar 2018 | 100168968 | The Hongkong and Shanghai Banking Corporation Limited | ₹10.53 Cr | Open | |
| 27 Aug 2018 | 100227558 | The Hongkong and Shanghai Banking Corporation Limited | ₹202.8 Cr | Satisfied | |
| 27 Dec 2017 | 100142761 | Standard Chartered Bank | ₹10.6 Cr | Satisfied | |
| 25 Nov 2015 | 10604108 | Idbi Trusteeship Services Limited | ₹275 Cr | Satisfied |
To see the full charge records of Starboard Hotels Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Starboard Hotels Private Limited has 22 court cases on record: 16 filed by Starboard Hotels, 6 filed against it. 7 cases are pending and 15 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 21 | 5 | 7 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Writ petition | Filed by the company against The Government of Tamilnadu | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against The Government of Tamilnadu | Pending |
| Bombay High Court | Company petition | Filed against the company by Lafarge Aggregates and Concrete India Private Ltd | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against The Government of Tamil Nadu and 3 others | Pending |
| High Court, TAMIL NADU | Writ petition | Filed by the company against The Government of Tamil Nadu and 3 others | Pending |
To see the full case history of Starboard 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.
Credit ratings & regulatory alerts
Starboard Hotels Private Limited was last rated by Brickwork on 13 Dec 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 13 Dec 2018 |
To see the full credit ratings and regulatory alerts of Starboard Hotels Private Limited, buy the company report.
MSME payment delays
Starboard Hotels Private Limited has 10 MSME Form 1 returns on record between 2020 and 2024, listing 71 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Senkush Traders Private Limited | |||
| Stirred Creative Advertising Private Limited | |||
| Timesol Facility Management Private Limited | |||
| Ina Techfm Global Solution Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Starboard Hotels Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Starboard Hotels Private Limited has a workforce of 22 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Starboard Hotels has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACO2358J1ZC | Maharashtra | Active | 01 Jul 2017 |
| 33AAACO2358J1ZJ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Starboard Hotels Private Limited, buy the company report.
Recent activity
Starboard Hotels Private Limited has 30 board changes on record since 2009: 6 appointments and 24 cessations. The latest: Rajesh Maruti Patil was appointed as Director on 31 Oct 2024.
44 earlier events are in the company report.
Frequently asked questions
Starboard Hotels is an active private limited company based in Mahalaxmi, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 15 July 1996 (30+ years old) and is registered under CIN U55101MH1996PTC101044.
Starboard Hotels has 6 current directors:
- Raghav Bajoria - Director
- Manish Ashok Singh - Director
- Rajesh Maruti Patil - Director
- Mukesh Jagat Jethwani - Director
- Mirza Saeed Kazi - Director
- Radhika Bhagatsingh Bhakuni - Director
The latest financial statements of Starboard Hotels on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Starboard Hotels is 27AAACO2358J1ZC, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAACO2358J1ZJ (Tamil Nadu).
The CIN (Corporate Identification Number) of Starboard Hotels is U55101MH1996PTC101044. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Starboard Hotels has 22 court cases on record: 16 filed by the company and 6 filed against it. 7 are pending. Most are in the high courts.
Starboard Hotels was incorporated on 15 July 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Rajesh Maruti Patil was appointed as Director on 31 Oct 2024. Bhavesh Manilal Gada ceased to be Additional Director on 09 Sep 2024. Manish Ashok Singh ceased to be Additional Director on 09 Sep 2024. Starboard Hotels has 30 board changes on record in total.
Starboard Hotels has 10 MSME Form 1 returns on record between 2020 and 2024, listing 71 overdue payments to 16 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Starboard Hotels can be reached through the website highstreetphoenix.com. Its registered office is in Mahalaxmi, Maharashtra, India.
The registered office of Starboard Hotels is at COmarket City Resources P Ltd Grnd Flr.Opp Shakti Mills Rrhosierybldgshree Laxmi Woolen Mi, Lls Estate, Mahalaxmi, Maharashtra, India – 400011.