Majestic Hotels Limited

Hospitality company providing accommodation, dining, and beverage services since 1989 in Ludhiana, Punjab.

1989 | Ludhiana, Punjab (India) | Under Insolvency
Last Updated:

Majestic Hotels Profile

Key Indicators

  • Authorised Capital ₹ 45.00 Cr
  • Paid Up Capital ₹ 35.83 Cr
  • Company Age 36 Year, 2 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 49.12 Cr
  • Satisfied Charges ₹ 14.42 Cr
  • Revenue Growth 56.06%
  • Profit Growth 40.98%
  • Ebitda 276.56%
  • Net Worth -9.16%
  • Total Assets -2.89%

About Majestic Hotels

Majestic Hotels Limited (MHL) is Under Cirp company established on 01 Feb 1989 with its office registered at Ludhiana, Punjab, India and has been running since 36 Year, 2 Months with a paid up capital of 35.83 Cr. According to MCA records, 6 Directors and 2 Signatories are linked to this company as of 09 Feb 2025.

Company Details

  • Location

    Ludhiana, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U55101PB1989PLC037667

  • Company No.

    037667

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    01 Feb 1989

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Travel and Hospitality
Company report

Majestic Hotels Limited

Explore comprehensive data for Majestic Hotels Limited, including financials, compliance details, shareholding patterns, and litigation history.

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

Executive Team (3)

NameDesignationAppointment DateStatus
Harbinder Grewal Country flag representing In Managing Director01-Jan-2020Current
Amarjeet Kumar Country flag representing In CFO25-Feb-2019Current
Tanya Vaidya Company Secretary10-Jun-2024Current

Board Members (5)

NameDesignationAppointment DateStatus
Jesdev Saggar Country flag representing Gb Director 17-Aug-2012Current
Gurdial Khangura Country flag representing In Director 05-Oct-2018Current
Jasbir Khangura Country flag representing In Director 21-Feb-2024Current
Kewal Sharma Country flag representing In Director 05-Sep-2022Current
Vimal Sumbly Country flag representing In Director 30-Sep-2015Current

Financial Performance of Majestic Hotels.

Majestic Hotels Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 56.06% increase. The company also saw a substantial improvement in profitability, with a 40.98% increase in profit. The company's net worth dipped by a decrease of 9.16%.

Majestic Hotels revenue growth over time
Majestic Hotels 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
56.06%
Revenue from Operations
55.48%
Total Assets
-2.89%
Profit or Loss
40.98%
Net Worth
-9.16%
EBITDA
276.56%

What is the Ownership and Shareholding Structure of Majestic Hotels?

In 2023, Majestic Hotels had a promoter holding of 75.00% and a public holding of 25.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹49.12 Cr

Satisfied Charges

₹14.42 Cr

Charges Breakdown by Lending Institutions

  • Others : 29.97 Cr
  • Punjab & Sind Bank : 19.15 Cr

Latest Charge Details

DateLenderAmountStatus
12 Dec 2019Others₹3.50 CrOpen
08 Aug 2018Others₹4.00 CrOpen
15 Jan 2018Others₹4.75 CrOpen
26 Nov 2011Punjab & Sind Bank₹2.25 CrOpen
26 Nov 2011Punjab & Sind Bank₹4.10 CrOpen

How Many Employees Work at Majestic Hotels?

Majestic Hotels has a workforce of 163 employees as of Apr 10, 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.

Employee growth trends for Majestic Hotels Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Majestic 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 Majestic 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 Majestic Hotels

Recent activity within the organization

  • Director Appointment

    Tanya Vaidya was appointed as a Company Secretary was appointed as a Company Secretary on 10 Jun 2024 & has been associated with this company since 10 months 4 days .

  • Director Appointment

    Jasbir Singh Khangura was appointed as a Director was appointed as a Director on 21 Feb 2024 & has been associated with this company since 1 year 1 month .

  • Annual General Meeting

    Majestic Hotels Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

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

  • Director Appointment

    Kewal Krishan Sharma was appointed as a Director was appointed as a Director on 05 Sep 2022 & has been associated with this company since 2 years 7 months .

  • Director Appointment

    Harbinder Singh Grewal was appointed as a Managing Director was appointed as a Managing Director on 01 Jan 2020 & has been associated with this company since 5 years 3 months .

Frequently asked questions

  • What is the Incorporation or founding date of Majestic Hotels Limited?

    Majestic Hotels Limited was incorporated on 01 Feb 1989.

  • What is authorized share capital and paid-up capital of Majestic Hotels Limited?

    The authorized share capital of Majestic Hotels Limited is ₹ 45.00 Cr and paid-up capital is ₹ 35.83 Cr.

  • Who are the current board members & directors of Majestic Hotels Limited?

    Currently 8 directors are associated with Majestic Hotels Limited.

    • Gurdial Kaur Khangura
    • Jasbir Singh Khangura
    • Harbinder Singh Grewal
    • Jesdev Shori Saggar
    • Kewal Krishan Sharma
    • Vimal Sumbly
    • Amarjeet Kumar
    • Tanya Vaidya

  • What is the registered address of Majestic Hotels Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Majestic Hotels Limited is Majestic Park Plaza, Bhai Bala Chowk Ferozepur Road India, Ludhiana, Punjab, 141002.

  • What is the corporate identification number (CIN) and company number of Majestic Hotels Limited?

    The corporate identification number (CIN) of Majestic Hotels Limited is U55101PB1989PLC037667 and the company number is 037667 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Majestic Hotels Limited?

    The Official website of Majestic Hotels Limited is https://www.mhlin.com

  • What has been the recent revenue trend for Majestic Hotels Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Majestic Hotels Limited has risen by 56.06%.

  • How many employees does Majestic Hotels Limited currently have?

    As Per 2023 financial reports, 163 employees are currently employed by Majestic Hotels Limited.

  • What change has been observed in the net worth of Majestic Hotels Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Majestic Hotels Limited has experienced an downturn of -9.16%.

  • What are the total open charges for Majestic Hotels Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Majestic Hotels Limited amount to ₹ 49.12 Cr.

  • When was the last Balance Sheet of Majestic Hotels Limited filed with the ROC?

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

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