Piem Hotels Limited
Leading hotel company with 7 properties in India, rebranding under IHCL-SeleQtions and Taj brands.
1968 | Mumbai, Maharashtra (India) | Active
Piem Hotels Profile
Key Indicators
- Authorised Capital ₹ 5.00 Cr
- Paid Up Capital ₹ 3.81 Cr
- Company Age 57 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 140.00 Cr
- Revenue Growth 89.34%
- Profit Growth 2414.02%
- Ebitda 15396.07%
- Net Worth 7.37%
- Total Assets 3.74%
About Piem Hotels
Piem Hotels Limited (PHL) was founded in India on 13 March 1968 and has a glorious history of 57 years and two months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Piem Hotels 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 2024. It's a company limited by shares with an authorized capital of Rs 5.00 Cr and a paid-up capital of Rs 3.81 Cr.
The company has closed loans amounting to ₹140.00 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Piem Hotels Limited India is Farzana Billimoria as COMPANY SECRETARY. Moiz Miyajiwala, Rajkumar Nagpal, Hiroo Mirchandani, and Eight other members 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
U55101MH1968PLC013960
- Company No.
013960
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
13 Mar 1968
- Date of AGM
28 Jun 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Travel and Hospitality
Piem Hotels Limited
Explore comprehensive data for Piem Hotels Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Piem Hotels?
Executive Team (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Farzana Billimoria  | Company Secretary | 27-Sep-2007 | Current |
Puneet Chhatwal  | Managing Director | 24-Jan-2018 | Current |
| Sudhir Nagpal | Managing Director | 07-Dec-1989 | Current |
| Rajesh Nagpal | Managing Director | 03-Aug-1994 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Suma Venkatesh | Director | 12-May-2018 | Current |
| Rohit Khosla | Director | 15-Jul-2015 | Current |
| Moiz Miyajiwala | Director | Current | |
| Hiroo Mirchandani | Director | 11-Nov-2021 | Current |
| Rajkumar Nagpal | Whole-Time Director | 13-Mar-1968 | Current |
| Ankur Dalwani | Additional Director | 12-Jul-2024 | Current |
Financial Performance of Piem Hotels.
Piem Hotels Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 89.34% increase. The company also saw a substantial improvement in profitability, with a 2414.02% increase in profit. The company's net worth moved up by a moderate rise of 7.37%.
- Key Matrics
- Balance Sheet
- Profit and Loss
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What is the Ownership and Shareholding Structure of Piem Hotels?
In 2023, Piem Hotels had a promoter holding of 91.96% and a public holding of 8.04%. The company had 1 Subsidiary and 6 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Tata Teleservices LimitedHiroo Mirchandani is a mutual person
Sbi Funds Management LimitedMoiz Miyajiwala is a mutual person
Ador Welding LimitedNinotchka Nagpal is a mutual person
Msl Driveline Systems LimitedRajesh Nagpal is a mutual person
Ador Fontech LimitedNinotchka Nagpal is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹140.00 Cr
Charges Breakdown by Lending Institutions
- The Hongkong & Shanghai Banking Corporation : 100.00 Cr
- Others : 40.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Oct 2021 | Others | ₹40.00 Cr | Satisfied |
| 06 Nov 2003 | The Hongkong & Shanghai Banking Corporation | ₹100.00 Cr | Satisfied |
How Many Employees Work at Piem Hotels?
Piem Hotels has a workforce of 668 employees as of Apr 05, 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 Piem 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 Piem 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 Piem Hotels
Recent activity within the organization
- Director Appointment
Ankur Dalwani was appointed as a Additional Director was appointed as a Additional Director on 12 Jul 2024 & has been associated with this company since 10 months 2 days .
- Annual General Meeting
Piem Hotels Limited last Annual general meeting of members was held on 28 Jun 2024 as per latest MCA records.
- Balance Sheet
Piem Hotels Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
- Charges
A charge registered on 29 Oct 2021 via Charge ID 100498393 with Others was fully satisfied on 21 Jan 2022.
- Director Appointment
Hiroo Mirchandani was appointed as a Director was appointed as a Director on 11 Nov 2021 & has been associated with this company since 3 years 6 months .
- Charges
A charge with Others amounted to Rs. 40.00 Cr with Charge ID 100498393 was registered on 29 Oct 2021.
Frequently asked questions
What is the Incorporation or founding date of Piem Hotels Limited?
Piem Hotels Limited was incorporated on 13 Mar 1968.
What is authorized share capital and paid-up capital of Piem Hotels Limited?
The authorized share capital of Piem Hotels Limited is ₹ 5.00 Cr and paid-up capital is ₹ 3.81 Cr.
Who are the current board members & directors of Piem Hotels Limited?
Currently 12 directors are associated with Piem Hotels Limited.
- Moiz Mohsin Miyajiwala
- Rajkumar Menghraj Nagpal
- Hiroo Mirchandani
- Rohit Khosla
- Suma Venkatesh
- Ankur Dalwani
- Farzana Sam Billimoria
- Puneet Chhatwal
- Beryl Joseph Fernandes
- Sudhir Lalchand Nagpal
- Rajesh Rajkumar Nagpal
- Ninotchka Malkani Nagpal
What is the registered address of Piem Hotels Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Piem Hotels Limited is Taj President90 Cuffe Parade India, Mumbai, Maharashtra, 400005.
What is the corporate identification number (CIN) and company number of Piem Hotels Limited?
The corporate identification number (CIN) of Piem Hotels Limited is U55101MH1968PLC013960 and the company number is 013960 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Piem Hotels Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Piem Hotels Limited has risen by 89.34%.
How many employees does Piem Hotels Limited currently have?
As Per 2023 financial reports, 668 employees are currently employed by Piem Hotels Limited.
What change has been observed in the net worth of Piem Hotels Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Piem Hotels Limited has experienced an upsurge of 7.37%.
When was the last Balance Sheet of Piem Hotels Limited filed with the ROC?
The most recent Balance Sheet for Piem Hotels Limited was filed with the ROC on 31 Mar 2024.
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