Orbit Resorts Limited

Luxury hotel management and transportation services with registered office in Chandigarh.

1988 | Ut, Chandigarh (India) | Active
Last Updated:

Orbit Resorts Profile

Key Indicators

  • Authorised Capital ₹ 36.38 Cr
  • Paid Up Capital ₹ 35.53 Cr
  • Company Age 37 Year, 20 Days
  • 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 37 years. 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

Travel and Hospitality
Transport and Logistics
Company report

Orbit Resorts Limited

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

Who are the key members and board of directors at Orbit Resorts?

Executive Team (3)

NameDesignationAppointment DateStatus
Gurcharan Country flag representing In Managing Director20-Feb-2020Current
Ashwani Vashishtha CFO26-Aug-2022Current
Kanika Company Secretary14-Mar-2022Current

Board Members (6)

NameDesignationAppointment DateStatus
Avtar Singh Country flag representing In Director 22-Aug-2017Current
Omkar Singh Country flag representing In Director 23-Jul-2024Current
Parambans Romana Country flag representing In Director 29-Jul-2022Current
Sarabjit Kaur Country flag representing In Director 15-Sep-2020Current
Harpreet Singh Country flag representing In Director 02-Nov-2022Current
Anantveer Badal Country flag representing In Director 23-Jul-2024Current

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%.

Orbit Resorts revenue growth over time
Orbit Resorts 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
91.21%
Revenue from Operations
102.31%
Total Assets
2.75%
Profit or Loss
113.91%
Net Worth
4.19%
EBITDA
213.79%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹404.42 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
17 Sep 2024Others₹3.27 CrOpen
22 Aug 2024Others₹1.69 MOpen
28 Jun 2024Others₹2.69 CrOpen
28 Jun 2024Others₹2.82 CrOpen
15 Jun 2024Others₹29.25 CrOpen

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.

Employee growth trends for Orbit Resorts Limited

Deals i

Graph showing company valuation over time

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

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 Orbit Resorts

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 3.27 Cr with Charge ID 100983916 was registered on 17 Sep 2024.

  • Charges

    A charge with Others amounted to Rs. 0.17 Cr with Charge ID 100975967 was registered on 22 Aug 2024.

  • Director Appointment

    Omkar Singh was appointed as a Director was appointed as a Director on 23 Jul 2024 & has been associated with this company since 8 months 21 days .

  • Director Appointment

    Anantveer Singh Badal was appointed as a Director was appointed as a Director on 23 Jul 2024 & has been associated with this company since 8 months 21 days .

  • Charges

    A charge with Others amounted to Rs. 2.69 Cr with Charge ID 100950096 was registered on 28 Jun 2024.

  • Charges

    A charge with Others amounted to Rs. 2.82 Cr with Charge ID 100950102 was registered on 28 Jun 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Orbit Resorts Limited?

    Orbit Resorts Limited was incorporated on 24 Mar 1988.

  • What is authorized share capital and paid-up capital of Orbit Resorts Limited?

    The authorized share capital of Orbit Resorts Limited is ₹ 36.38 Cr and paid-up capital is ₹ 35.53 Cr.

  • Who are the current board members & directors of Orbit Resorts Limited?

    Currently 9 directors are associated with Orbit Resorts Limited.

    • Avtar Singh
    • Omkar Singh
    • Parambans Singh Romana
    • Gurcharan
    • Sarabjit Kaur
    • Harpreet Singh
    • Anantveer Singh Badal
    • Ashwani Vashishtha
    • Kanika

  • What is the registered address of Orbit Resorts Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Orbit Resorts Limited is House No 256Sector 9 C India, Ut, Chandigarh.

  • What is the corporate identification number (CIN) and company number of Orbit Resorts Limited?

    The corporate identification number (CIN) of Orbit Resorts Limited is U55101CH1988PLC008156 and the company number is 008156 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Orbit Resorts Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Orbit Resorts Limited has risen by 91.21%.

  • How many employees does Orbit Resorts Limited currently have?

    As Per 2023 financial reports, 698 employees are currently employed by Orbit Resorts Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Orbit Resorts Limited has experienced an upsurge of 4.19%.

  • What are the total open charges for Orbit Resorts Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Orbit Resorts Limited amount to ₹ 404.42 Cr.

  • When was the last Balance Sheet of Orbit Resorts Limited filed with the ROC?

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

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