Orbit Resorts Profile
Key Indicators
- Authorised Capital ₹ 36.38 Cr
- Paid Up Capital ₹ 35.53 Cr
- Company Age 36 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 404.42 Cr
- Satisfied Charges ₹ 855.96 Cr
- Revenue Growth 91.21%
- Profit Growth 113.91%
- Ebitda 213.79%
- Net Worth 4.19%
- Total Assets 2.75%
About Orbit Resorts
Orbit Resorts Limited (ORL) is a leading Public Limited Indian Non-Government Company incorporated in India on 24 March 1988 and has a history of 36 years and ten months. Its registered office is in Ut, Chandigarh.
The Corporate was formerly known as Orbit Resorts 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 36.38 Cr and a paid-up capital of Rs 35.53 Cr.
The company currently has active open charges totaling ₹404.42 Cr. The company has closed loans amounting to ₹855.96 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Orbit Resorts Limited India are Ashwani Vashishtha as CFO and Kanika as Company Secretary. Avtar Singh, Omkar Singh, Parambans Romana, and Four other members serve as directors at the Company.
Company Details
- Location Ut, Chandigarh
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
-
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U55101CH1988PLC008156
- Company No.
008156
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
24 Mar 1988
- 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 Orbit Resorts?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Gurcharan  | Managing Director | 20-Feb-2020 | Current |
| Ashwani Vashishtha | CFO | 26-Aug-2022 | Current |
| Kanika | Company Secretary | 14-Mar-2022 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Avtar Singh | Director | 22-Aug-2017 | Current |
| Omkar Singh | Director | 23-Jul-2024 | Current |
| Parambans Romana | Director | 29-Jul-2022 | Current |
| Sarabjit Kaur | Director | 15-Sep-2020 | Current |
| Harpreet Singh | Director | 02-Nov-2022 | Current |
| Anantveer Badal | Director | 23-Jul-2024 | Current |
Financial Performance of Orbit Resorts.
Orbit Resorts Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 91.21% increase. The company also saw a substantial improvement in profitability, with a 113.91% increase in profit. The company's net worth moved up by a moderate rise of 4.19%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Orbit Resorts?
In 2023, Orbit Resorts had a promoter holding of 93.49% and a public holding of 6.51%. The company had 8 Subsidiaries and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Orbit Aviation Private LimitedOmkar Singh, Gurcharan and 1 more are mutual person
G-Next Media Private LimitedAvtar Singh is a mutual person
Gur-Baz Media Private LimitedAvtar Singh is a mutual person
- Hoshiarpur National Transporter Pvt Ltd
Avtar Singh, Omkar Singh and 1 more are mutual person
- Swagatam Holidays Private Limited
Avtar Singh, Omkar Singh and 1 more are mutual person
- Metro Eco Green Resorts Limited
Avtar Singh, Omkar Singh and 4 more are mutual person
Charges (Loans)
₹404.42 Cr
₹855.96 Cr
Charges Breakdown by Lending Institutions
- Others : 383.09 Cr
- Tata Capital Financial Services Limited : 9.79 Cr
- Axis Bank Limited : 6.07 Cr
- Icici Bank Limited : 3.40 Cr
- United Bank Of India : 1.89 Cr
- Others : 0.19 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Sep 2024 | Others | ₹3.27 Cr | Open |
| 22 Aug 2024 | Others | ₹1.69 M | Open |
| 28 Jun 2024 | Others | ₹2.69 Cr | Open |
| 28 Jun 2024 | Others | ₹2.82 Cr | Open |
| 15 Jun 2024 | Others | ₹29.25 Cr | Open |
How Many Employees Work at Orbit Resorts?
Orbit Resorts has a workforce of 698 employees as of Apr 04, 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 Orbit Resorts, 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 Orbit Resorts'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.
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