Palette Hotels (India) Private Limited

Manages hotels and restaurants in Goa, established in 2008.

2008 | Vasco Da Gama, Goa (India) | Active
Last Updated: June 14, 2024

Palette Hotels (India) Profile

Key Indicators

  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 15.00 Cr
  • Company Age 16 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 24.93 Cr
  • Satisfied Charges ₹ 10.08 Cr
  • Revenue Growth 81.34%
  • Profit Growth 85.84%
  • Ebitda 197.09%
  • Net Worth -0.95%
  • Total Assets -1.83%

About Palette Hotels (India)

Palette Hotels (India) Private Limited (PHIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 12 July 2008 and has a history of 16 years and six months. Its registered office is in Vasco Da Gama, Goa, 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 15.00 Cr and a paid-up capital of Rs 15.00 Cr.

The company currently has active open charges totaling ₹24.93 Cr. The company has closed loans amounting to ₹10.08 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Palette Hotels (India) Private Limited India is Poorva Deshmukh as COMPANY SECRETARY. Amit Bandekar, Narayan Bandekar, and Rajan Bandekar serve as directors at the Company.

Company Details

  • Location

    Vasco Da Gama, Goa, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U55101GA2008PTC005831

  • Company No.

    005831

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    12 Jul 2008

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Goa

Industry

Travel and Hospitality

Who are the key members and board of directors at Palette Hotels (India)?

Executive Team (1)

Name Designation Appointment Date Status
Poorva Deshmukh Company Secretary 16-Mar-2020 Current

Board Members (3)

Name Designation Appointment Date Status
Amit Bandekar Country flag representing In Whole-Time Director 12-Jul-2008 Current
Narayan Bandekar Country flag representing In Director 12-Jul-2008 Current
Rajan Bandekar Country flag representing In Director 12-Jul-2008 Current

Financial Performance of Palette Hotels (India).

Palette Hotels (India) Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 81.34% increase. The company also saw a substantial improvement in profitability, with a 85.84% increase in profit. The company's net worth dipped by a decrease of 0.95%.

Graph illustrating revenue growth over time
Graph showing 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
81.34%
Revenue from Operations
77.27%
Total Assets
-1.83%
Profit or Loss
85.84%
Net Worth
-0.95%
EBITDA
197.09%

What is the Ownership and Shareholding Structure of Palette Hotels (India)?

In 2023, Palette Hotels (India) had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹24.93 Cr

Satisfied Charges

₹10.08 Cr

Charges Breakdown by Lending Institutions

  • Rajaram Bandekar (Sirigao) Mines Private Limited : 14.18 Cr
  • The Federal Bank Limited : 10.00 Cr
  • Others : 0.75 Cr

Latest Charge Details

Date Lender Amount Status
21 Dec 2020 Others ₹7.50 M Open
29 Dec 2014 The Federal Bank Limited ₹10.00 Cr Open
27 Dec 2011 Rajaram Bandekar (Sirigao) Mines Private Limited ₹14.18 Cr Open
23 Jan 2012 Rajaram Bandekar (Sirigao) Mines Private Limited ₹2.79 Cr Satisfied
23 Jan 2012 Rajaram N S Bandekar And Company Private Limited ₹2.79 Cr Satisfied

How Many Employees Work at Palette Hotels (India)?

Unlock and access historical data on people associated with Palette Hotels (India), such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Palette Hotels (India), 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 Palette Hotels (India)'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 Palette Hotels (India)

Recent activity within the organization

  • Annual General Meeting

    Palette Hotels (India) Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Palette Hotels (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Goa.

    31 Mar 2023

  • Charges

    A charge registered on 23 Jan 2012 via Charge ID 10334621 with Rajaram N S Bandekar And Company Private Limited was fully satisfied on 27 Feb 2023.

    27 Feb 2023

  • Charges

    A charge with Others amounted to Rs. 0.75 Cr with Charge ID 100404442 was registered on 21 Dec 2020.

    21 Dec 2020

  • Director Appointment

    Poorva Mukund Deshmukh was appointed as a Company Secretary was appointed as a Company Secretary on 16 Mar 2020 & has been associated with this company since 4 years 10 months .

    16 Mar 2020

  • Charges

    A charge with The Federal Bank Limited amounted to Rs. 10.00 Cr with Charge ID 10544778 was registered on 29 Dec 2014.

    29 Dec 2014

Frequently asked questions

  • Palette Hotels (India) Private Limited was incorporated on 12 Jul 2008.

  • The authorized share capital of Palette Hotels (India) Private Limited is ₹ 15.00 Cr and paid-up capital is ₹ 15.00 Cr.

  • Currently 4 directors are associated with Palette Hotels (India) Private Limited.

    • Amit Narayan Bandekar
    • Narayan Rajaram Bandekar
    • Poorva Mukund Deshmukh
    • Rajan Narayan Bandekar
  • As per Ministry of Corporate Affairs (Mca), the registered address of Palette Hotels (India) Private Limited is Of-601 6Th Floor Dr. Ozler Forum Near St Andrew'S Church, Vasco Da Gama, Goa, India, 403802.

  • The corporate identification number (CIN) of Palette Hotels (India) Private Limited is U55101GA2008PTC005831 and the company number is 005831 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Palette Hotels (India) Private Limited is https://www.nrbgroup.biz

  • According to the financial reports for the fiscal year 2023, the revenue trend for Palette Hotels (India) Private Limited has risen by 81.34%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Palette Hotels (India) Private Limited has experienced an downturn of -0.95%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Palette Hotels (India) Private Limited amount to ₹ 24.93 Cr.

  • The most recent Balance Sheet for Palette Hotels (India) Private Limited was filed with the ROC on 31 Mar 2023.

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