Majestic Hotels Profile
Key Indicators
- Authorised Capital ₹ 45.00 Cr
- Paid Up Capital ₹ 35.83 Cr
- Company Age 36 Year, 18 Days
- 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
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
Who are the key members and board of directors at Majestic Hotels?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Harbinder Grewal  | Managing Director | 01-Jan-2020 | Current |
| Amarjeet Kumar | CFO | 25-Feb-2019 | Current |
| Tanya Vaidya | Company Secretary | 10-Jun-2024 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Jesdev Saggar  | Director | 17-Aug-2012 | Current |
| Gurdial Khangura | Director | 05-Oct-2018 | Current |
| Jasbir Khangura | Director | 21-Feb-2024 | Current |
| Kewal Sharma | Director | 05-Sep-2022 | Current |
| Vimal Sumbly | Director | 30-Sep-2015 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
Related Corporates (Common Directorship)
Caring Xl Consultants Private LimitedJasbir Khangura is a mutual person
- Netcradle India Private Limited
Harbinder Grewal is a mutual person
- Spice-It-Up Private Limited
Kewal Sharma is a mutual person
- Envirosystem Consultancy Services Private Limited
Vimal Sumbly is a mutual person
Charges (Loans)
₹49.12 Cr
₹14.42 Cr
Charges Breakdown by Lending Institutions
- Others : 29.97 Cr
- Punjab & Sind Bank : 19.15 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Dec 2019 | Others | ₹3.50 Cr | Open |
| 08 Aug 2018 | Others | ₹4.00 Cr | Open |
| 15 Jan 2018 | Others | ₹4.75 Cr | Open |
| 26 Nov 2011 | Punjab & Sind Bank | ₹2.25 Cr | Open |
| 26 Nov 2011 | Punjab & Sind Bank | ₹4.10 Cr | Open |
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.
Deals i
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
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.
