About Waves Hotels and Estates Pvt Ltd
Data last updated:
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.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address510 Gundecha Chambers Nagindas Master Road Fort, Mumbai, Maharashtra, India – 400023
- IndustryTravel and Hospitality, Hotel & Accommodation Services
- 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
- One PDF report, delivered after checkout
Business Activity of Waves Hotels and Estates Pvt Ltd
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Waves Hotels and Estates Pvt Ltd FY 2025 filings available
Waves Hotels and Estates Pvt Ltd reported revenue of ₹188.06 Cr (up 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Waves Hotels and Estates Pvt Ltd
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 of Waves Hotels and Estates Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹78.41 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.83 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Waves Hotels and Estates Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 41.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Waves Hotels and Estates are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
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 of Waves Hotels and Estates Pvt Ltd
Waves Hotels and Estates Pvt Ltd is compared with the companies closest to it by revenue in the Consumer Services industry (Hotels). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Schloss Hma Private Limited | ₹192.68 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Chennai, Tamil Nadu, India |
| Green Woods Palaces and Resorts Private Limited | ₹190.8 Cr (FY 2023) | •••• | •••• | 112.0% | •••• | Hyderabad, Telangana, India |
| PKH Ventures Limited | ₹190.51 Cr (FY 2024) | •••• | •••• | -27.0% | •••• | Mumbai, Maharashtra, India |
| Aman Hospitality Private Limited | ₹190.03 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | New Delhi, Delhi, India |
| Travel Food Services Kolkata Private Limited | ₹189.1 Cr (FY 2023) | •••• | •••• | 127.0% | •••• | Mumbai, Maharashtra, India |
| Waves Hotels and Estates Pvt Ltd this company | ₹188.06 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Kerala Tourism Development Corporation Limited | ₹186.94 Cr (FY 2023) | •••• | •••• | 89.0% | •••• | Thiruvananthapuram, Kerala, India |
| DS Jaipur Hospitality Private Limited | ₹186.3 Cr (FY 2025) | •••• | •••• | 258.0% | •••• | Delhi, India |
| Varun Hospitality Private Limited | ₹185.16 Cr (FY 2022) | •••• | •••• | 77.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Unison Hotels Private Limited | ₹183.18 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | New Delhi, Delhi, India |
| Adwalpalkar Constructions and Resorts Private Limited | ₹180.18 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Panaji, Goa, India |
Peers are the five companies nearest above and the five nearest below Waves Hotels and Estates by revenue in the Consumer Services industry (Hotels), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Waves Hotels and Estates Pvt Ltd
Waves Hotels and Estates Pvt Ltd is audited by DIMPLE PUNMIYA for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DIMPLE PUNMIYA | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Waves Hotels and Estates Pvt Ltd
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Waves Hotels and Estates Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 May 2025 | Others | ₹225 Cr | Open |
| 04 Feb 2020 | Others | ₹300 Cr | Open |
| 03 Sep 2021 | Sidbi | ₹6.3 Cr | Satisfied |
| 09 Feb 2021 | Sidbi | ₹6.3 Cr | Satisfied |
| 29 May 2018 | Others | ₹235 Cr | Satisfied |
Total charge records: 9 View all charges
Legal Cases of Waves Hotels and Estates Pvt Ltd
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. Status as checked between 28 Sep 2026 and 03 Oct 2026.
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 |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed by the company against Canter Engineers Limited | Pending |
| Bombay High Court | Appeal | Filed by the company against Canter Engineers Limited | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Canter Engineers Limited | 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 Canter Engineers Limited | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Waves Hotels and Estates Pvt Ltd
Waves Hotels and Estates Pvt Ltd has a workforce of 12 employees as of Oct 07, 2025.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Waves Hotels and Estates Pvt Ltd
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Waves Hotels and Estates Pvt Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Waves Hotels and Estates Pvt Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Waves Hotels and Estates Pvt Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Waves Hotels and Estates Pvt Ltd
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 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Waves Hotels and Estates Pvt Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Waves Hotels and Estates Pvt Ltd
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 reported revenue of ₹188.06 Cr for FY 2025 (up 19% YoY).
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
Waves Hotels and Estates reported a net profit of ₹3.83 Cr (net margin 2%) and EBITDA of ₹78.41 Cr (EBITDA margin 41.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Waves Hotels and Estates is 87% over three years and 36% over five years. In the latest year (FY 2025) revenue rose 19%. CAGR is the steady yearly rate that links the first and the last year.
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 Schloss Hma Private Limited, Green Woods Palaces and Resorts Private Limited, PKH Ventures Limited, Aman Hospitality Private Limited, Travel Food Services Kolkata Private Limited and 5 more, all in the Consumer Services industry (Hotels).
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.