Hotel Paraag Profile
Key Indicators
- Authorised Capital ₹ 11.00 Cr
- Paid Up Capital ₹ 10.86 Cr
- Company Age 51 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 78.06 Cr
- Revenue Growth 127.99%
- Profit Growth 311.90%
- Ebitda 375.22%
- Net Worth 4.27%
- Total Assets 1.75%
About Hotel Paraag
Hotel Paraag Limited (HPL) was founded in India on 01 August 1973 and has a glorious history of 51 years and six months. Its registered office is in Bangalore, Karnataka, India.
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 11.00 Cr and a paid-up capital of Rs 10.86 Cr.
The company has closed loans amounting to ₹78.06 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Ramesh Srinivas, Pooja Jannu, Rashmi Jannu, and Two other members serve as directors at the Company.
Company Details
- Location
Bangalore, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U51101KA1973PLC002373
- Company No.
002373
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
01 Aug 1973
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Who are the key members and board of directors at Hotel Paraag?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ramesh Srinivas  | Managing Director | 01-Dec-1988 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Pooja Jannu | Director | 23-Oct-2017 | Current |
| Rashmi Jannu | Additional Director | 10-Jan-2009 | Current |
| Rekha Jannu | Director | 27-Dec-1999 | Current |
| Suraj Jannu | Additional Director | 13-Apr-2019 | Current |
Financial Performance of Hotel Paraag.
Hotel Paraag Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 127.99% increase. The company also saw a substantial improvement in profitability, with a 311.9% increase in profit. The company's net worth moved up by a moderate rise of 4.27%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Hotel Paraag?
In 2023, Hotel Paraag had a promoter holding of 88.26% and a public holding of 11.74%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Rsj Mega Hotels Private LimitedRamesh Srinivas, Pooja Jannu and 1 more are mutual person
Charges (Loans)
₹0
₹78.06 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 72.00 Cr
- Abudhabi Commercial Bank Limited : 6.06 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Nov 2007 | State Bank Of India | ₹72.00 Cr | Satisfied |
| 06 Jan 2001 | Abudhabi Commercial Bank Limited | ₹6.06 Cr | Satisfied |
How Many Employees Work at Hotel Paraag?
Unlock and access historical data on people associated with Hotel Paraag, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Hotel Paraag, 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 Hotel Paraag's trajectory.
Rating
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
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.
