Palm Grove Beach Hotels Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 1.76 Cr
- Company Age 45 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 506.29 Cr
- Satisfied Charges ₹ 563.28 Cr
- Revenue Growth 120.93%
- Profit Growth 86.59%
- Ebitda 1098.35%
- Net Worth -4.28%
- Total Assets -3.18%
About Palm Grove Beach Hotels
Palm Grove Beach Hotels Private Limited (PGBHPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 09 October 1979 and has a history of 45 years and four months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Palm Grove Beach Hotels 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 2024. It's a company limited by shares with an authorized capital of Rs 2.00 Cr and a paid-up capital of Rs 1.76 Cr.
The company currently has active open charges totaling ₹506.29 Cr. The company has closed loans amounting to ₹563.28 Cr, as per Ministry of Corporate Affairs (MCA) records.
Sandeep Raheja, Durga Raheja, Shyam Wadhwani, and One other member serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U55100MH1979PTC021760
- Company No.
021760
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
09 Oct 1979
- Date of AGM
26 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Travel and Hospitality
Real Estate and Construction
Who are the key members and board of directors at Palm Grove Beach Hotels?
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sandeep Raheja  | Director | 25-Sep-1992 | Current |
| Durga Raheja | Director | 15-May-1995 | Current |
| Shyam Wadhwani | Director | 15-Dec-2011 | Current |
| Bindoo Wadhwani | Director | 15-Dec-2011 | Current |
Financial Performance of Palm Grove Beach Hotels.
Palm Grove Beach Hotels Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 120.93% increase. The company also saw a substantial improvement in profitability, with a 86.59% increase in profit. The company's net worth dipped by a decrease of 4.28%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Palm Grove Beach Hotels?
In 2023, Palm Grove Beach Hotels had a promoter holding of 100.00%. The company had 1 Subsidiary and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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K. Raheja Realty Services Private LimitedDurga Raheja and Bindoo Wadhwani are mutual person
K Raheja Realty Private LimitedSandeep Raheja, Durga Raheja and 1 more are mutual person
Infiniti Malls Private LimitedSandeep Raheja, Durga Raheja and 1 more are mutual person
- Kanishka Properties Private Limited
Sandeep Raheja, Durga Raheja and 2 more are mutual person
- Ideal Properties Pvt Ltd
Sandeep Raheja, Durga Raheja and 2 more are mutual person
Charges (Loans)
Open Charges
₹506.29 Cr
Satisfied Charges
₹563.28 Cr
Charges Breakdown by Lending Institutions
- Idbi Trusteeship Services Limited : 251.35 Cr
- Others : 231.69 Cr
- Indian Overseas Bank : 23.25 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Jan 2025 | Others | ₹40.00 Cr | Open |
| 29 Dec 2021 | Others | ₹41.69 Cr | Open |
| 20 Mar 2020 | Others | ₹150.00 Cr | Open |
| 21 Nov 2014 | Idbi Trusteeship Services Limited | ₹251.35 Cr | Open |
| 10 Jun 2014 | Indian Overseas Bank | ₹5.00 Cr | Open |
How Many Employees Work at Palm Grove Beach Hotels?
Palm Grove Beach Hotels has a workforce of 730 employees as of Apr 01, 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 Palm Grove Beach 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 Palm Grove Beach 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.
Latest Updates, News, and FAQs on Palm Grove Beach Hotels
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 40.00 Cr with Charge ID 101040391 was registered on 09 Jan 2025.
- Annual General Meeting
Palm Grove Beach Hotels Private Limited last Annual general meeting of members was held on 26 Sep 2024 as per latest MCA records.
- Charges
A charge registered on 29 Dec 2021 via Charge ID 100530486 with Others was fully satisfied on 11 Jun 2024.
- Charges
A charge with Others of Rs. 41.69 Cr registered on 29 Dec 2021 with Charge ID 100530489 was modified on 07 Jun 2024.
- Charges
A charge registered on 06 Aug 2014 via Charge ID 10517689 with Others was fully satisfied on 30 May 2024.
- Balance Sheet
Palm Grove Beach Hotels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Frequently asked questions
What is the Incorporation or founding date of Palm Grove Beach Hotels Private Limited?
Palm Grove Beach Hotels Private Limited was incorporated on 09 Oct 1979.
What is authorized share capital and paid-up capital of Palm Grove Beach Hotels Private Limited?
The authorized share capital of Palm Grove Beach Hotels Private Limited is ₹ 2.00 Cr and paid-up capital is ₹ 1.76 Cr.
Who are the current board members & directors of Palm Grove Beach Hotels Private Limited?
Currently 4 directors are associated with Palm Grove Beach Hotels Private Limited.
- Sandeep Gopal Raheja
- Durga Sandeep Raheja
- Shyam Nandlal Wadhwani
- Bindoo Shyam Wadhwani
What is the registered address of Palm Grove Beach Hotels Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Palm Grove Beach Hotels Private Limited is Ramada Plaza Palmgroue Juhu Beach India, Mumbai, Maharashtra, 400049.
What is the corporate identification number (CIN) and company number of Palm Grove Beach Hotels Private Limited?
The corporate identification number (CIN) of Palm Grove Beach Hotels Private Limited is U55100MH1979PTC021760 and the company number is 021760 as per Ministry of Corporate Affairs (MCA).
What is the official website of Palm Grove Beach Hotels Private Limited?
The Official website of Palm Grove Beach Hotels Private Limited is https://www.krahejahospitality.com
What has been the recent revenue trend for Palm Grove Beach Hotels Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Palm Grove Beach Hotels Private Limited has risen by 120.93%.
How many employees does Palm Grove Beach Hotels Private Limited currently have?
As Per 2023 financial reports, 730 employees are currently employed by Palm Grove Beach Hotels Private Limited.
What change has been observed in the net worth of Palm Grove Beach Hotels Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Palm Grove Beach Hotels Private Limited has experienced an downturn of -4.28%.
What are the total open charges for Palm Grove Beach Hotels Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Palm Grove Beach Hotels Private Limited amount to ₹ 506.29 Cr.
When was the last Balance Sheet of Palm Grove Beach Hotels Private Limited filed with the ROC?
The most recent Balance Sheet for Palm Grove Beach Hotels Private Limited was filed with the ROC on 31 Mar 2024.
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