About Waves Hotels and Estates Pvt Ltd
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Waves Hotels and Estates Pvt Ltd is a private limited company based in Mumbai, Maharashtra, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 22 June 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45202MH1984PTC033236. Its GSTIN is 27AAACW0437E1ZN (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹33 Cr. It is led by directors including Deepak Paras Gundecha (Managing Director) and Poonam Paras Gundecha.
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 510 Gundecha Chambers Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400023.
As per the financials filed for FY 2025, the company reported a revenue of ₹188.06 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹3.83 Cr (net margin 2%) and EBITDA of ₹78.41 Cr (EBITDA margin 41.7%). Revenue has grown at a compounded annual rate (CAGR) of 87% over three years and 36% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹525 Cr and satisfied charges of ₹462.91 Cr on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it; 3 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website gundechabuilders.com.
Company details
Contact details
Waves Hotels and Estates Pvt Ltd's registered office is in Mumbai, Maharashtra. Its website is gundechabuilders.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address510 Gundecha Chambers Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400023
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Waves Hotels and Estates Pvt Ltd, 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 Waves Hotels and Estates 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 Waves Hotels and Estates Pvt Ltd, buy the company report.
Financials of Waves Hotels and Estates Pvt Ltd
FY 2025 filings availableWaves Hotels and Estates Pvt Ltd reported revenue of ₹188.06 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 36% over five years, including 19% growth in the latest year. EBITDA rose 16% 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 | ₹78.41 Cr | ||||
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| Net Profit (PAT) | ₹3.83 Cr | ||||
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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 | 41.7% | ||||
| Net Profit Margin | 2% | ||||
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To see the full financial statements and ratios of Waves Hotels and Estates Pvt Ltd, buy the company report.
Board of directors of Waves Hotels and Estates Pvt Ltd
Waves Hotels and Estates has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Deepak Paras Gundecha Also directs: Gundecha Realty LLP, Gundecha Builders Private Limited, Capricon Developers Private Limited and 5 more | Managing Director | 15 Dec 2006 | 19 Years 10 Months | Current |
| Poonam Paras Gundecha Also directs: Gundecha Realty LLP, Gundecha Builders Private Limited, Capricon Developers Private Limited and 5 more | Director | 15 Dec 2006 | 19 Years 10 Months | Current |
| Paras Devraj Gundecha Also directs: Gundecha Realty LLP, Gundecha Builders Private Limited, Capricon Developers Private Limited and 5 more | Director | 24 Jun 1984 | 42 Years 3 Months | Current |
| Lalit Vimal Jain Also directs: Kashtamandup Developers Private Limited, Gundecha Construction Pvt Ltd, Gundecha Enterprises Private Limited and 4 more | Director | 17 Jul 2017 | 9 Years 3 Months | Current |
Peer comparison
Waves Hotels and Estates Pvt Ltd 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 |
|---|---|---|---|---|---|---|
| Green Woods Palaces and Resorts Private Limited | ₹190.8 Cr (FY 2023) | 112.0% | Hyderabad, Telangana, India | |||
| Aman Hospitality Private Limited | ₹190.03 Cr (FY 2025) | 18.0% | New Delhi, Delhi, India | |||
| Waves Hotels and Estates Pvt Ltdthis company | ₹188.06 Cr (FY 2025) | ₹3.83 Cr | 2% | 19.0% | 12 | Mumbai, Maharashtra, India |
| DS Jaipur Hospitality Private Limited | ₹186.3 Cr (FY 2025) | 258.0% | Delhi, India |
To see the full peer comparison of Waves Hotels and Estates Pvt Ltd, buy the company report.
Auditor
Waves Hotels and Estates Pvt Ltd is audited by DIMPLE PUNMIYA for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DIMPLE PUNMIYA | FY 2024 |
Shareholding
The shareholding of Waves Hotels and Estates Pvt Ltd is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Waves Hotels and Estates Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 May 2025 | 101100477 | Others | ₹225 Cr | Open | |
| 04 Feb 2020 | 100328554 | Others | ₹300 Cr | Open | |
| 03 Sep 2021 | 100474514 | Sidbi | ₹6.3 Cr | Satisfied | |
| 09 Feb 2021 | 100411702 | Sidbi | ₹6.3 Cr | Satisfied | |
| 29 May 2018 | 100193747 | Others | ₹235 Cr | Satisfied |
To see the full charge records of Waves Hotels and Estates Pvt Ltd, buy the company report.
Total charge records: 9 View all charges
Legal cases
Waves Hotels and Estates Pvt Ltd has 5 court cases on record: 2 filed by Waves Hotels and Estates, 3 filed against it. 3 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 2 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against M/S. Canter Engineers Private Ltd | Pending |
| High Court, MAHARASHTRA | Appeal | Filed by the company against M/S. Canter Engineers Private Ltd | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Canter Engineers Pvt. Ltd. | Pending |
| Bombay High Court | Court case (COMIP) | Filed against the company by Novex Communications Private Limited | Disposed |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed against the company by Ms Canter Engineers Pvt Ltd | Disposed |
To see the full case history of Waves Hotels and Estates Pvt Ltd, 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
Waves Hotels and Estates Pvt Ltd was last rated by Crisil on 26 Aug 2016.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 26 Aug 2016 |
To see the full credit ratings and regulatory alerts of Waves Hotels and Estates Pvt Ltd, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Waves Hotels and Estates Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Waves Hotels and Estates Pvt Ltd has a workforce of 12 employees on its EPFO records as of Oct 07, 2025, across 1 active EPFO establishment.
GST
Waves Hotels and Estates has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW0437E1ZN | Maharashtra | Active | 08 Aug 2017 |
| 27AAACW0437E2ZM | Maharashtra | Active | 07 May 2025 |
| 08AAACW0437E1ZN | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Waves Hotels and Estates Pvt Ltd, buy the company report.
Recent activity
Waves Hotels and Estates Pvt Ltd has 8 board changes on record since 1984: 4 appointments and 4 cessations. The latest: Mahendra Keshrichand Jain ceased to be Additional Director on 18 Oct 2021.
18 earlier events are in the company report.
Frequently asked questions
Waves Hotels and Estates is an active private limited company based in Mumbai, Maharashtra, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 22 June 1984 (42+ years old) and is registered under CIN U45202MH1984PTC033236.
Waves Hotels and Estates has 4 current directors:
- Deepak Paras Gundecha - Managing Director
- Poonam Paras Gundecha - Director
- Paras Devraj Gundecha - Director
- Lalit Vimal Jain - Director
The latest financial statements of Waves Hotels and Estates 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 GSTIN of Waves Hotels and Estates is 27AAACW0437E1ZN, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAACW0437E2ZM (Maharashtra), 08AAACW0437E1ZN (Rajasthan).
The CIN (Corporate Identification Number) of Waves Hotels and Estates is U45202MH1984PTC033236. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Waves Hotels and Estates has 5 court cases on record: 2 filed by the company and 3 filed against it. 3 are pending. Most are in the high courts.
Waves Hotels and Estates was incorporated on 22 June 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Waves Hotels and Estates by revenue are Green Woods Palaces and Resorts Private Limited, Aman Hospitality Private Limited, DS Jaipur Hospitality 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.).
Mahendra Keshrichand Jain ceased to be Additional Director on 18 Oct 2021. Deepak Paras Gundecha ceased to be Director on 21 Aug 2018. Lalit Vimal Jain ceased to be Additional Director on 29 Sep 2017. Waves Hotels and Estates has 8 board changes on record in total.
Waves Hotels and Estates can be reached through the website gundechabuilders.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Waves Hotels and Estates is at 510 Gundecha Chambers Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400023.