Honest Restaurants (India) Private Limited

Provides meal-serving, rental, and share trading services.

2013 | Ahmedabad, Gujarat (India) | Active
Last Updated: October 23, 2024

Honest Restaurants (India) Profile

Key Indicators

  • Authorised Capital ₹ 7.00 Cr
  • Paid Up Capital ₹ 7.00 Cr
  • Company Age 12 Year, 25 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 25.64 Cr
  • Satisfied Charges ₹ 12.74 Cr
  • Revenue Growth -13.67%
  • Profit Growth -1648.36%
  • Ebitda 14.97%
  • Net Worth -227.20%
  • Total Assets 101.95%

About Honest Restaurants (India)

Honest Restaurants (India) Private Limited (HRIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 15 January 2013 and has a history of 12 years. Its registered office is in Ahmedabad, Gujarat, India.

The Corporate was formerly known as Ivr Food Solutions Private Limited. 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 7.00 Cr and a paid-up capital of Rs 7.00 Cr.

The company currently has active open charges totaling ₹25.64 Cr. The company has closed loans amounting to ₹12.74 Cr, as per Ministry of Corporate Affairs (MCA) records.

Vijay Rameshbhai, Indiraben Vijaykumar, Abhishek Vijaykumar, and One other member serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U51909GJ2013PTC073361

  • Company No.

    073361

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    15 Jan 2013

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Travel and Hospitality

Who are the key members and board of directors at Honest Restaurants (India)?

Board Members (4)

Name Designation Appointment Date Status
Vijay Rameshbhai Country flag representing In Director 15-Jan-2013 Current
Indiraben Vijaykumar Country flag representing In Director 15-Jan-2013 Current
Abhishek Vijaykumar Country flag representing In Director 08-Nov-2016 Current
Mitalee Gupta Country flag representing In Director 08-Jan-2019 Current

Financial Performance of Honest Restaurants (India).

Honest Restaurants (India) Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 13.67% decrease. The company also saw a substantial fall in profitability, with a 1648.36% decrease in profit. The company's net worth observed a substantial decline by a decrease of 227.2%.

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
-13.67%
Revenue from Operations
21.97%
Total Assets
101.95%
Profit or Loss
-1648.36%
Net Worth
-227.20%
EBITDA
14.97%

What is the Ownership and Shareholding Structure of Honest Restaurants (India)?

In 2022, Honest Restaurants (India) had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹25.64 Cr

Satisfied Charges

₹12.74 Cr

Charges Breakdown by Lending Institutions

  • Others : 16.65 Cr
  • Standard Chartered Bank : 8.99 Cr

Latest Charge Details

Date Lender Amount Status
22 Aug 2024 Others ₹9.00 Cr Open
02 May 2023 Standard Chartered Bank ₹6.80 Cr Open
28 Feb 2023 Standard Chartered Bank ₹2.19 Cr Open
10 Mar 2022 Others ₹1.95 Cr Open
06 Feb 2021 Others ₹5.70 Cr Open

How Many Employees Work at Honest Restaurants (India)?

Unlock and access historical data on people associated with Honest Restaurants (India), such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Honest Restaurants (India), 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 Honest Restaurants (India)'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 Honest Restaurants (India)

Recent activity within the organization

  • Charges

    A charge registered on 12 Jul 2023 via Charge ID 100754349 with Standard Chartered Bank was fully satisfied on 17 Sep 2024.

    17 Sep 2024

  • Charges

    A charge with Others of Rs. 1.95 Cr registered on 10 Mar 2022 with Charge ID 100553943 was modified on 06 Sep 2024.

    06 Sep 2024

  • Charges

    A charge with Others amounted to Rs. 9.00 Cr with Charge ID 100966015 was registered on 22 Aug 2024.

    22 Aug 2024

  • Annual General Meeting

    Honest Restaurants (India) Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Charges

    A charge with Standard Chartered Bank amounted to Rs. 6.06 Cr with Charge ID 100754349 was registered on 12 Jul 2023.

    12 Jul 2023

  • Charges

    A charge with Standard Chartered Bank amounted to Rs. 6.80 Cr with Charge ID 100724185 was registered on 02 May 2023.

    02 May 2023

Frequently asked questions

  • Honest Restaurants (India) Private Limited was incorporated on 15 Jan 2013.

  • The authorized share capital of Honest Restaurants (India) Private Limited is ₹ 7.00 Cr and paid-up capital is ₹ 7.00 Cr.

  • Currently 4 directors are associated with Honest Restaurants (India) Private Limited.

    • Vijay Gupta Rameshbhai
    • Indiraben Gupta Vijaykumar
    • Abhishek Gupta Vijaykumar
    • Mitalee Abhishek Gupta
  • As per Ministry of Corporate Affairs (Mca), the registered address of Honest Restaurants (India) Private Limited is Bunglow No.20 Rivera-20 Prahaladnagar Nr. Aryavrut Bunglow Satellite, India, Ahmedabad, Gujarat, 380051.

  • The corporate identification number (CIN) of Honest Restaurants (India) Private Limited is U51909GJ2013PTC073361 and the company number is 073361 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Honest Restaurants (India) Private Limited is https://www.honestrestaurant.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Honest Restaurants (India) Private Limited has fallen by -13.67%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Honest Restaurants (India) Private Limited has experienced an downturn of -227.20%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Honest Restaurants (India) Private Limited amount to ₹ 25.64 Cr.

  • The most recent Balance Sheet for Honest Restaurants (India) Private Limited was filed with the ROC on 31 Mar 2023.