MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0274860
Zolostays Property Solutions Private Limited - internet in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹207.15 Cr
▲ 111% YoY
Net loss · FY 2024
₹56.76 Cr
Net margin -27.4%
EBITDA · FY 2024
-₹34.76 Cr
EBITDA margin -16.8%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹32.48 Lakh
Issued & subscribed
Open charges
₹5.51 Cr
Satisfied ₹96.5 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
1,518
Provident fund records
About Zolostays Property Solutions Private Limited
Data last updated:
Zolostays Property Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 03 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74900KA2015PTC080643. Its GSTIN is 29AAACZ8446N1ZG (Karnataka). The company holds 10 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹32.48 Lakh. It is led by directors including Akhil Sikri and Nikhil Sikri.
Its last annual general meeting (AGM) was held on 15 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 1190 22nd Cross Hsr Layout Sector 3, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2024, the company reported a revenue of ₹207.15 Cr, a growth of 111% compared to the previous year. For the same year it recorded a net loss of ₹56.76 Cr (net margin -27.4%) and EBITDA of -₹34.76 Cr (EBITDA margin -16.8%). Revenue has grown at a compounded annual rate (CAGR) of 67% over three years and 51% over five years.
The company has about 1,518 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: Zeassetz and Zolo Coliving. As per MCA filings, the company has open charges of ₹5.51 Cr and satisfied charges of ₹96.5 Cr on record. Court records list 61 cases involving the company, including 45 filed by the company and 16 filed against it; 2 cases are pending. The company has 21 deals on record (14 funding rounds, 5 debt financings, 1 acquisition), with disclosed funding of ₹542.81 Cr; the latest was in June 2025. The company has 12 MSME Form 1 returns on record between 2019 and 2024, listing 664 overdue payments to 83 micro and small suppliers.
Zolostays Property Solutions Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0274860). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zolostays.com.
Company details
CIN U74900KA2015PTC080643
Registration Number 080643
Incorporation Date 03 June 2015
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 15 November 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0274860
Recognitions & Rankings of Zolostays Property Solutions
Contact details
Zolostays Property Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is zolostays.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 1190 22nd Cross Hsr Layout Sector 3, Bangalore, Karnataka, India – 560102
- IndustryInternet, Online Service Marketplaces
To see the full contact details of Zolostays Property Solutions Private Limited, buy the company report.
Comprehensive company report
Zolostays Property Solutions Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
Zolostays Property Solutions operates two associated brands: Zeassetz and Zolo Coliving. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Platform for pre-leased real estate investments with assured rentals and low maintenance. | zeassetz.com | |
| Coliving spaces are offered by Zolo for flexible living. | zolostays.com |
Business activity
The main business activity of Zolostays Property Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Zolostays Property Solutions Private Limited, buy the company report.
Financials of Zolostays Property Solutions Private Limited
FY 2024 filings availableZolostays Property Solutions Private Limited reported revenue of ₹207.15 Cr (up 111% YoY) for FY 2024.
Revenue · FY 2024
₹207.15 Cr ▲ 111%
Net loss · FY 2024
₹56.76 Cr margin -27.4%
EBITDA · FY 2024
-₹34.76 Cr margin -16.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 111%
3 years · compounded
▲ 67%
5 years · compounded
▲ 51%
EBITDA CAGR growth
1 year
▲ 35%
3 years · compounded
▲ 20%
5 years · compounded
▼ 3%
Revenue has grown at a compounded annual rate (CAGR) of 51% over five years, including 111% growth in the latest year. EBITDA rose 35% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹207.15 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹34.76 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹56.76 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -16.8% | ||||
| Net Profit Margin | -27.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Zolostays Property Solutions Private Limited, buy the company report.
Board of directors of Zolostays Property Solutions Private Limited
Zolostays Property Solutions has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akhil Sikri Also directs: Eazy Hostel Private Limited | Director | 03 Jun 2015 | 11 Years 4 Months | Current |
| Nikhil Sikri | Director | 05 Aug 2015 | 11 Years 2 Months | Current |
| Gaurav Sharma Also directs: Prime Holdings Advisory LLP, Investcorp Investment Managers India LLP, Nephrocare Health Services Limited and 5 more | Nominee Director | 12 Feb 2019 | 7 Years 8 Months | Current |
Auditor
Zolostays Property Solutions Private Limited is audited by B S R & Co LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co LLP | FY 2024 | 101248W/W-100022 |
Shareholding
The shareholding of Zolostays Property Solutions Private Limited 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Zolostays Property Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.51 Cr
Satisfied charges
₹96.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jul 2023 | 100749877 | Others | ₹4.5 Cr | Open | |
| 06 Mar 2021 | 100445074 | Hdfc Bank Limited | ₹20.79 Lakh | Open | |
| 14 Nov 2017 | 100282378 | Hdfc Bank Limited | ₹80 Lakh | Open | |
| 21 Dec 2023 | 100875578 | Others | ₹25 Cr | Satisfied | |
| 22 Feb 2023 | 100722872 | Others | ₹15 Cr | Satisfied |
To see the full charge records of Zolostays Property Solutions Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Zolostays Property Solutions Private Limited has 21 deals on record (14 funding rounds, 5 debt financings, 1 acquisition), with disclosed funding of ₹542.81 Cr; the latest was in June 2025.
Total deals
21
Funding rounds
14
Debt financings
5
Acquisition
1
Secondary share transfer
1
Disclosed funding
₹542.81 Cr
Deals on record (5 of 21)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2025 | Debt financing | ₹4 Cr | Investors: VentureSoul Partners |
| Apr 2025 | Acquisition | ₹97.02 Cr | Buyer: Elevate Campuses Limited Seller: Zolostays Property Solutions Private Limited |
| Dec 2023 | Debt financing | ₹25 Cr | Investors: InnoVen Capital |
| Oct 2022 | Funding round · Series C | ₹65.51 Cr | Investors: MEMG Family Office, Investcorp, Nexus Venture Partners, an individual |
| Feb 2019 | Funding round · Series B | ₹176.36 Cr | Investors: Investcorp, Nexus Venture Partners, Mirae Asset Venture Investments (India) |
To see the full deal history of Zolostays Property Solutions 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
Zolostays Property Solutions Private Limited has 61 court cases on record: 45 filed by Zolostays Property Solutions, 16 filed against it. 2 cases are pending and 59 are disposed.
Total cases
61
Filed by the company
45
Filed against the company
16
Pending
2
Disposed
59
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 44 | 14 | 0 |
| District courts | 17 | 2 | 2 |
Cases on record (5 of 61)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by Axis Bank Formerly Knon As Uti Bank Ltd | Disposed |
| District court, South West, Delhi | Court case (CS DJ ADJ) | Filed against the company by an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Mokhan Builders | Disposed |
To see the full case history of Zolostays Property Solutions 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
Zolostays Property Solutions Private Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 664 overdue payments to 83 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 83)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kaarya Facilities and Services Limited | |||
| Leeworld Facility Solutions Private Limited | |||
| Scour Facilities Private Limited | |||
| Deji Industry Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Zolostays Property Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Zolostays Property Solutions has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Zeassetz Solutions Private Limited | U70109KA2019PTC127293 | |
| Keepitsimple Living Solutions Private Limited | U74999KA2019PTC129797 |
To see the full group structure of Zolostays Property Solutions Private Limited, buy the company report.
Employees & EPFO
Zolostays Property Solutions Private Limited has a workforce of 1,518 employees on its EPFO records as of Jan 04, 2026, across 1 active EPFO establishment.
Employee count
1,518
Active EPFO establishments
1
Employee growth
-14.91%
GST
Zolostays Property Solutions has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.
Total GSTINs
10
Active
10
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACZ8446N1ZG | Karnataka | Active | 01 Jul 2017 |
| 29AAACZ8446N2ZF | Karnataka | Active | 17 Apr 2025 |
| 08AAACZ8446N1ZK | Rajasthan | Active | 16 Oct 2017 |
| 27AAACZ8446N1ZK | Maharashtra | Active | 23 Oct 2017 |
To see the full GST registrations and return filing status of Zolostays Property Solutions Private Limited, buy the company report.
Recent activity
Zolostays Property Solutions Private Limited has 7 board changes on record since 2015: 3 appointments and 4 cessations. The latest: Sameer Verma ceased to be Nominee Director on 15 May 2024.
Charges
A charge registered on 21 Dec 2023 via Charge ID 100875578 with Others was fully satisfied on 16 Sep 2025.
Charges
A charge registered on 22 Feb 2023 via Charge ID 100722872 with Others was fully satisfied on 05 Aug 2025.
Charges
A charge registered on 15 Feb 2023 via Charge ID 100745554 with Others was fully satisfied on 15 Apr 2025.
AGM
Zolostays Property Solutions Private Limited last Annual general meeting of members was held on 15 Nov 2024 as per latest MCA records.
Ceased
Sameer Verma ceased to be Nominee Director.
Filing
Zolostays Property Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 25.00 Cr with Charge ID 100875578 was registered on 21 Dec 2023.
Charges
A charge with Others amounted to Rs. 4.50 Cr with Charge ID 100749877 was registered on 19 Jul 2023.
Charges
A charge registered on 28 Nov 2019 via Charge ID 100322276 with Others was fully satisfied on 19 Jun 2023.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100722872 was registered on 22 Feb 2023.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100745554 was registered on 15 Feb 2023.
Ceased
Gaurav Sharma ceased to be Nominee Director.
13 earlier events are in the company report.
News
Frequently asked questions
Zolostays Property Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 03 June 2015 (11+ years old) and is registered under CIN U74900KA2015PTC080643.
Zolostays Property Solutions has 3 current directors:
- Akhil Sikri - Director
- Nikhil Sikri - Director
- Gaurav Sharma - Nominee Director
The latest financial statements of Zolostays Property Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 15 November 2024. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Zolostays Property Solutions is 29AAACZ8446N1ZG, registered in Karnataka. The company has 10 GST registrations in all, of which 10 are active. Other active GSTINs include 29AAACZ8446N2ZF (Karnataka), 08AAACZ8446N1ZK (Rajasthan), 27AAACZ8446N1ZK (Maharashtra).
The CIN (Corporate Identification Number) of Zolostays Property Solutions is U74900KA2015PTC080643. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zolostays Property Solutions has 61 court cases on record: 45 filed by the company and 16 filed against it. 2 are pending. Most are in the high courts.
Zolostays Property Solutions was incorporated on 03 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Zolostays Property Solutions has 21 deals on record (14 funding rounds, 5 debt financings, 1 acquisition), with disclosed funding of ₹542.81 Cr; the latest was in June 2025.
Sameer Verma ceased to be Nominee Director on 15 May 2024. Gaurav Sharma ceased to be Nominee Director on 04 Sep 2022. Gaurav Sharma was appointed as Nominee Director on 12 Feb 2019. Zolostays Property Solutions has 7 board changes on record in total.
Yes, Zolostays Property Solutions is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-03-0274860).
Zolostays Property Solutions has 12 MSME Form 1 returns on record between 2019 and 2024, listing 664 overdue payments to 83 micro and small suppliers. The latest return was filed on 29 Apr 2024.