Varanasi Palace Private Limited
About Varanasi Palace Private Limited
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Varanasi Palace Private Limited is a private limited company based in Uttar Pradesh, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 06 September 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U55101UP1990PTC012243. Its GSTIN is 09AAJCS0238E1ZH (Uttar Pradesh). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.96 Cr and a paid-up capital of ₹1.96 Cr. It was formerly known as Shekharaj Hotels Private Limited. It is led by directors including Om Prakash Jaiswal and Pradeep Kumar Jaiswal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 292 – S – 1/116 – K – S Englishia Line Varanasi, Uttar Pradesh, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.89 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹3.52 Lakh (net margin 1.9%) and EBITDA of ₹22.19 Lakh (EBITDA margin 11.7%). Revenue has grown at a compounded annual rate (CAGR) of 64% over three years and 12% over five years.
As per MCA filings, the company has satisfied charges of ₹45 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Varanasi Palace Private Limited's registered office is in Uttar Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address292 – S – 1/116 – K – S Englishia Line Varanasi, Uttar Pradesh, India
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Varanasi Palace 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 Varanasi Palace is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..
| 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. |
To see the full business activity and turnover split of Varanasi Palace Private Limited, buy the company report.
Financials of Varanasi Palace Private Limited
FY 2024 filings availableVaranasi Palace Private Limited reported revenue of ₹1.89 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 2% growth in the latest year. EBITDA fell 9% 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 | ₹22.19 Lakh | ||||
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| Net Profit (PAT) | ₹3.52 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 | 11.7% | ||||
| Net Profit Margin | 1.9% | ||||
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To see the full financial statements and ratios of Varanasi Palace Private Limited, buy the company report.
Board of directors of Varanasi Palace Private Limited
Varanasi Palace has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Om Prakash Jaiswal Also directs: Pourushi Motors LLP, Shahganj Farmers Producer Company Limited, Purvanchal Flour Mill Private Limited and 2 more | Director | 22 Mar 2004 | 22 Years 7 Months | Current |
| Pradeep Kumar Jaiswal Also directs: Shahganj Farmers Producer Company Limited, O.P. Associates Private Limited, Jayaswal Chemicals Private Limited and 4 more | Director | 22 Mar 2004 | 22 Years 7 Months | Current |
| Utkarsh Singh | Director | 05 Jan 2018 | 8 Years 9 Months | Current |
| Pravind Kumar Singh | Director | 01 Aug 2001 | 25 Years 2 Months | Current |
Peer comparison
Varanasi Palace Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Barwara Hotels & Resorts Private Limited | ₹1.9 Cr (FY 2024) | 4.0% | Jaipur, Rajasthan, India | |||
| Venus Earth Hospitalitiy Private Limited | ₹1.9 Cr (FY 2024) | 35.0% | Bangalore, Karnataka, India | |||
| Varanasi Palace Private Limitedthis company | ₹1.89 Cr (FY 2025) | ₹3.52 Lakh | 1.9% | 2.0% | Uttar Pradesh, India | |
| Rajak Resort Private Limited | ₹1.89 Cr (FY 2025) | -5.0% | Udaipur, Rajasthan, India |
To see the full peer comparison of Varanasi Palace Private Limited, buy the company report.
Auditor
Varanasi Palace Private Limited is audited by PUNEET KUMAR AND CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PUNEET KUMAR AND CO. | FY 2023 | 014405C |
Shareholding
The shareholding of Varanasi Palace 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 Varanasi Palace Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Nov 2006 | 10028340 | State Bank of India | ₹45 Lakh | Satisfied |
To see the full charge records of Varanasi Palace Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Varanasi Palace Private 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 Varanasi Palace Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Varanasi Palace has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAJCS0238E1ZH | Uttar Pradesh | Active | 14 Jul 2017 |
To see the full GST registrations and return filing status of Varanasi Palace Private Limited, buy the company report.
Recent activity
Varanasi Palace Private Limited has 6 board changes on record since 2001: 4 appointments and 2 cessations. The latest: Rishabh Singh ceased to be Director on 05 Jan 2018.
Frequently asked questions
Varanasi Palace is an active private limited company based in Uttar Pradesh, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 06 September 1990 (36+ years old) and is registered under CIN U55101UP1990PTC012243.
Varanasi Palace has 4 current directors:
- Om Prakash Jaiswal - Director
- Pradeep Kumar Jaiswal - Director
- Utkarsh Singh - Director
- Pravind Kumar Singh - Director
The latest financial statements of Varanasi Palace on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Varanasi Palace is 09AAJCS0238E1ZH, registered in Uttar Pradesh. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Varanasi Palace is U55101UP1990PTC012243. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varanasi Palace was incorporated on 06 September 1990, making it 36+ years old. It is registered with the Registrar of Companies, Kanpur.
The peers of Varanasi Palace by revenue are Barwara Hotels & Resorts Private Limited, Venus Earth Hospitalitiy Private Limited, Rajak Resort Private Limited, all in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Rishabh Singh ceased to be Director on 05 Jan 2018. Utkarsh Singh was appointed as Director on 05 Jan 2018. Arun Kumar Singh ceased to be Director on 05 Aug 2013. Varanasi Palace has 6 board changes on record in total.
The registered office of Varanasi Palace is at 292 – S – 1116 – K – S Englishia Line Varanasi, Uttar Pradesh, India.
Varanasi Palace operates in the travel and hospitality industry, in the hotel and accommodation services segment.
Varanasi Palace has no open charges and satisfied charges of ₹45 Lakh as per latest MCA filings.