About Viorica Hotels Private Limited
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Viorica Hotels Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 11 January 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U55101PN2005PTC020138. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹90.5 Cr. It was formerly known as Viorica Properties Private Limited. It is led by directors including Maruti Nivrutti Navale and Vaibhaav Lamba.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Pune – Banglore Highway Next To Balewadi Sports Complex, Maharashtra, India – 411045.
As per the financials filed for FY 2023, the company reported a revenue of ₹16.35 Cr, a growth of 100% compared to the previous year. For the same year it recorded a net loss of ₹8.89 Cr (net margin -54.4%) and EBITDA of ₹20 Lakh (EBITDA margin 1.2%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹78.07 Cr and satisfied charges of ₹174.08 Cr on record. Court records list 10 cases involving the company, including 8 filed by the company and 2 filed against it; 3 cases are pending. The company has 16 deals on record (9 funding rounds, 4 secondary share transfers, 3 rights issues), with disclosed funding of ₹88.65 Cr; the latest was in February 2020. Its 8 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, 5 larger and 3 smaller; the largest is Satyadeo Suites Private Limited with revenue of ₹16.39 Cr. The company has 9 MSME Form 1 returns on record between 2018 and 2021, listing 1,265 overdue payments to 16 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 vioricahotels.com.
Company details
CIN history
Viorica Hotels has one previous CIN (Corporate Identification Number): U70102PN2005PTC020138. The current CIN is U55101PN2005PTC020138, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U55101PN2005PTC020138 | Current |
| U70102PN2005PTC020138 | Previous |
Contact details
Viorica Hotels Private Limited's registered office is in Pune, Maharashtra. Its website is vioricahotels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPune – Banglore Highway Next To Balewadi Sports Complex, Maharashtra, India – 411045
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Viorica 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 Viorica Hotels 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 Viorica Hotels Private Limited, buy the company report.
Financials of Viorica Hotels Private Limited
FY 2023 filings availableViorica Hotels Private Limited reported revenue of ₹16.35 Cr (up 100% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 100% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA rose 113% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Total Expenses | |||||
| EBITDA | ₹20 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹8.89 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.2% | ||||
| Net Profit Margin | -54.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Viorica Hotels Private Limited, buy the company report.
Board of directors of Viorica Hotels Private Limited
Viorica Hotels has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maruti Nivrutti Navale Also directs: Jaishriram Sugar and Agro Products Limited, Neemco Spinners Limited, Neemco Traders Limited and 3 more | Director | 08 Apr 2022 | 4 Years 7 Months | Current |
| Vaibhaav Lamba | Director | 04 Jun 2018 | 8 Years 5 Months | Current |
| Sharad Shrimant Yadav | Director | 04 Aug 2018 | 8 Years 3 Months | Current |
Peer comparison
Viorica Hotels Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Satyadeo Suites Private Limited | ₹16.39 Cr (FY 2025) | 465.0% | Ramnagar, Uttarakhand, India | |||
| Aashirvaad Resorts and Hospitality Private Limited | ₹16.39 Cr (FY 2025) | 24.0% | Panchagani, Maharashtra, India | |||
| Sandy Resort Private Limited | ₹16.39 Cr (FY 2025) | -5.0% | Bhubaneshwar, Odisha, India | |||
| Manuelsons Hotels Pvt Ltd | ₹16.37 Cr (FY 2025) | 5.0% | Kozhikode, Kerala, India | |||
| Singhari Khuntia Properties Pvt Ltd | ₹16.37 Cr (FY 2024) | 13.0% | Kolkata, West Bengal, India | |||
| Viorica Hotels Private Limitedthis company | ₹16.35 Cr (FY 2023) | -₹8.89 Cr | -54.4% | 100.0% | Pune, Maharashtra, India | |
| Howard Hotels Limited | ₹16.34 Cr (FY 2025) | 22.0% | New Delhi, Delhi, India | |||
| Stratus Hospitalities Private Limited | ₹16.32 Cr (FY 2025) | 11.0% | Delhi, India | |||
| Kaizen Hotels & Resorts Limited | ₹16.26 Cr (FY 2025) | -2.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Viorica Hotels Private Limited, buy the company report.
Auditor
Viorica Hotels Private Limited is audited by N.R.KABRA AND CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N.R.KABRA AND CO. | FY 2022 | 104499W |
Shareholding
The shareholding of Viorica Hotels Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Viorica Hotels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Sep 2014 | 10539362 | Union Bank of India Industrial Finance Branch | ₹9.29 Cr | Open | |
| 03 Jul 2012 | 10365124 | Union Bank of India Industrial Finance Branch | ₹68.78 Cr | Open | |
| 15 Mar 2011 | 10298861 | Yes Bank Limited | ₹64 Cr | Satisfied | |
| 06 May 2008 | 10108831 | Indian Bank | ₹55.04 Cr | Satisfied | |
| 02 Apr 2008 | 10108832 | Indian Bank | ₹55.04 Cr | Satisfied |
To see the full charge records of Viorica Hotels Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Viorica Hotels Private Limited has 16 deals on record (9 funding rounds, 4 secondary share transfers, 3 rights issues), with disclosed funding of ₹88.65 Cr; the latest was in February 2020.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Rights issue | ₹2.56 Cr | Investors: Neemco Advertising and Entertainment Limited |
| Sep 2018 | Rights issue | ₹30.04 Cr | Investors: Neemco Traders Limited , Neemco Investments & Finance Limited, an individual Seller: Neemco Investments & Finance Limited |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: Neemco Traders Limited Seller: Vascon Engineers Limited , Pristine Hospitalities Private Limited |
| Sep 2016 | Rights issue | ₹41.24 Cr | Investors: Neemco Traders Limited , Neemco Hotel & Resorts Limited , Neemco Advertising and Entertainment Limited Seller: Vascon Engineers Limited , Pristine Hospitalities Private Limited |
| Jun 2016 | Secondary share transfer | Undisclosed | Buyer: Maruti N Navale HUF Seller: Pristine Hospitalities Private Limited |
To see the full deal history of Viorica Hotels Private 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
Viorica Hotels Private Limited has 10 court cases on record: 8 filed by Viorica Hotels, 2 filed against it. 3 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 0 | 2 |
| Supreme Court | 2 | 0 | 0 |
| District courts | 1 | 1 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Vascon Engineers Limited and 10 others | Pending |
| Bombay High Court | Writ petition | Filed by the company against Jasper Developers Pvt. Ltd. and 6 others | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Teerth Spaces Unit 4 LLP and 3 others | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against M/S Vascon Engineers Limited and 10 others | Disposed |
| High Court | Company petition | Filed by the company against Vascon Engineers Limited and 9 others | Disposed |
To see the full case history of Viorica 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
Viorica Hotels Private Limited has 9 MSME Form 1 returns on record between 2018 and 2021, listing 1,265 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 |
|---|---|---|---|
| an individual supplier | |||
| Gagangiri Distributors | |||
| Phalke & Company | |||
| an individual supplier | |||
| Clean Zone Laundry Services |
To see the full MSME payment records of Viorica Hotels Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Viorica Hotels has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Viorica Hotels Private Limited, buy the company report.
Recent activity
Viorica Hotels Private Limited has 17 board changes on record since 2010: 3 appointments and 14 cessations. The latest: Maruti Nivrutti Navale ceased to be Additional Director on 30 Sep 2022.
19 earlier events are in the company report.
Frequently asked questions
Viorica Hotels is an active private limited company based in Pune, Maharashtra, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 11 January 2005 (21+ years old) and is registered under CIN U55101PN2005PTC020138.
Viorica Hotels has 3 current directors:
- Maruti Nivrutti Navale - Director
- Vaibhaav Lamba - Director
- Sharad Shrimant Yadav - Director
The latest financial statements of Viorica Hotels on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
No. Viorica Hotels has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Viorica Hotels is U55101PN2005PTC020138. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Viorica Hotels has 10 court cases on record: 8 filed by the company and 2 filed against it. 3 are pending. Most are in the high courts.
Viorica Hotels was incorporated on 11 January 2005, making it 21+ years old. It is registered with the Registrar of Companies, Pune.
Viorica Hotels has 16 deals on record (9 funding rounds, 4 secondary share transfers, 3 rights issues), with disclosed funding of ₹88.65 Cr; the latest was in February 2020.
The peers of Viorica Hotels by revenue are Satyadeo Suites Private Limited, Aashirvaad Resorts and Hospitality Private Limited, Sandy Resort Private Limited, Manuelsons Hotels Pvt Ltd, Singhari Khuntia Properties Pvt Ltd and 3 more, all in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Maruti Nivrutti Navale ceased to be Additional Director on 30 Sep 2022. Maruti Nivrutti Navale was appointed as Director on 08 Apr 2022. Madhura Vijay Limaye ceased to be Company Secretary on 09 Nov 2019. Viorica Hotels has 17 board changes on record in total.
Viorica Hotels has 9 MSME Form 1 returns on record between 2018 and 2021, listing 1,265 overdue payments to 16 micro and small suppliers. The latest return was filed on 14 May 2022.
Viorica Hotels can be reached through the website vioricahotels.com. Its registered office is in Pune, Maharashtra, India.
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