Benares Hotels Limited

Hospitality company with hotels in Varanasi and Gondia, part of Indian Hotels Company Limited.

1971 | Varanasi, Uttar Pradesh (India) | Active
Last Updated: June 20, 2024

Benares Hotels Profile

Key Indicators

  • Authorised Capital ₹ 1.50 Cr
  • Paid Up Capital ₹ 1.30 Cr
  • Company Age 53 Year, 3 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 15.07 Cr
  • Revenue Growth 89.89%
  • Profit Growth 313.61%
  • Ebitda 147.28%
  • Net Worth 28.18%
  • Total Assets 26.55%

About Benares Hotels

Benares Hotels Limited (BHL) was founded in India on 03 November 1971 and has a glorious history of 53 years and three months. Its registered office is in Varanasi, Uttar Pradesh, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 509438.

The Company is engaged in the Travel And Hospitality Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.50 Cr and a paid-up capital of Rs 1.30 Cr.

The company currently has active open charges totaling ₹15.07 Cr.

The Key Managerial Personnel (KMP) at Benares Hotels Limited India are Mannepu Veeramani as Cfo, Vishal Singh as Ceo, and Vanika Mahajan as Company Secretary. Moiz Miyajiwala, Anant Singh, Puneet Raman, and Three other members serve as directors at the Company.

Company Details

Corporate Identity Details

  • CIN/LLPIN

    L55101UP1971PLC003480

  • Company No.

    003480

  • Stock Symbol

    BSE : 509438

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    03 Nov 1971

  • Date of AGM

    24 Aug 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Kanpur

Industry

Travel and Hospitality

Who are the key members and board of directors at Benares Hotels?

Executive Team (3)

NameDesignationAppointment DateStatus
Mannepu Veeramani CFO15-Mar-2024Current
Vishal Singh CEO19-Apr-2023Current
Vanika Mahajan Country flag representing In Company Secretary03-May-2016Current

Board Members (6)

NameDesignationAppointment DateStatus
Rohit Khosla Country flag representing In Director 07-May-2015Current
Moiz Miyajiwala Country flag representing In Director 24-Jan-2017Current
Anant Singh Country flag representing In Director 31-Jan-2001Current
Puneet Raman Country flag representing In Director 17-Sep-2018Current
Rukmani Gohil Country flag representing In Director 27-Jun-1988Current
Beejal Desai Country flag representing In Director 23-Mar-2023Current

Financial Performance of Benares Hotels.

Benares Hotels Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 89.89% increase. The company also saw a substantial improvement in profitability, with a 313.61% increase in profit. The company's net worth Soared by an impressive increase of 28.18%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
89.89%
Revenue from Operations
87.25%
Total Assets
26.55%
Profit or Loss
313.61%
Net Worth
28.18%
EBITDA
147.28%

What is the Ownership and Shareholding Structure of Benares Hotels?

In 2023, Benares Hotels had a promoter holding of 62.57% and a public holding of 37.43%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹15.07 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 10.00 Cr
  • Industrial Finance Corporation Of India : 2.19 Cr
  • The Industrial Finance Corporation Of India : 1.40 Cr
  • Industrial Development Bank Of India : 0.56 Cr
  • The Pradeshiya Ind. Investment Cor. Of Uttar Pradesh Ltd. : 0.30 Cr
  • Others : 0.63 Cr

Latest Charge Details

DateLenderAmountStatus
21 Dec 2020Axis Bank Limited₹10.00 CrOpen
06 Nov 1990Industrial Finance Corporation Of India₹1.52 CrOpen
28 Mar 1990The Industrial Finance Corporation Of India₹1.25 CrOpen
14 Mar 1987Canara Bank₹1.50 MOpen
14 Mar 1987Canara Bank₹1.50 MOpen

How Many Employees Work at Benares Hotels?

Benares Hotels has a workforce of 185 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Benares Hotels, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Benares Hotels's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Benares Hotels

Recent activity within the organization

  • Director Appointment

    Mannepu Venkata Veeramani was appointed as a Cfo was appointed as a Cfo on 15 Mar 2024 & has been associated with this company since 11 months 8 days .

    15 Mar 2024

  • Annual General Meeting

    Benares Hotels Limited last Annual general meeting of members was held on 24 Aug 2023 as per latest MCA records.

    24 Aug 2023

  • Balance Sheet

    Benares Hotels Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kanpur.

    31 Mar 2023

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 10.00 Cr with Charge ID 100404057 was registered on 21 Dec 2020.

    21 Dec 2020

  • Director Appointment

    Puneet Raman was appointed as a Director was appointed as a Director on 17 Sep 2018 & has been associated with this company since 6 years 5 months .

    17 Sep 2018

  • Director Appointment

    Moiz Mohsin Miyajiwala was appointed as a Director was appointed as a Director on 24 Jan 2017 & has been associated with this company since 8 years 27 days .

    24 Jan 2017

Frequently asked questions

  • Benares Hotels Limited was incorporated on 03 Nov 1971.

  • The authorized share capital of Benares Hotels Limited is ₹ 1.50 Cr and paid-up capital is ₹ 1.30 Cr.

  • Currently 9 directors are associated with Benares Hotels Limited.

    • Mannepu Venkata Veeramani
    • Moiz Mohsin Miyajiwala
    • Anant Narain Singh
    • Puneet Raman
    • Rukmani Raghuvirsinh Gohil
    • Beejal Akshaykumar Desai
    • Rohit Khosla
    • Vishal Singh
    • Vanika Mahajan
  • As per Ministry of Corporate Affairs (Mca), the registered address of Benares Hotels Limited is Hotel Taj Gangesnadesar Palace Compound, Varanasi, Uttar Pradesh, India, 221002.

  • The corporate identification number (CIN) of Benares Hotels Limited is L55101UP1971PLC003480 and the company number is 003480 as per Ministry of Corporate Affairs (MCA).

  • Yes, Benares Hotels Limited is registered on Bombay Stock Exchange (BSE).

  • The Official website of Benares Hotels Limited is https://www.benareshotelslimited.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Benares Hotels Limited has risen by 89.89%.

  • As Per 2023 financial reports, 185 employees are currently employed by Benares Hotels Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Benares Hotels Limited has experienced an upsurge of 28.18%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Benares Hotels Limited amount to ₹ 15.07 Cr.

  • The most recent Balance Sheet for Benares Hotels Limited was filed with the ROC on 31 Mar 2023.

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