Prestige Hospitality Ventures Profile
Key Indicators
- Authorised Capital ₹ 1,000.00 Cr
- Paid Up Capital ₹ 6.00 Cr
- Company Age 7 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 2,492.00 Cr
- Satisfied Charges ₹ 330.00 Cr
- Revenue Growth -3.42%
- Profit Growth 24.49%
- Ebitda 37.59%
- Net Worth -7.49%
- Total Assets 12.07%
About Prestige Hospitality Ventures
Prestige Hospitality Ventures Limited (PHVL) is a Public Limited Indian Non-Government Company incorporated in India on 29 December 2017 (Seven years and two months 5 days old ). Its registered office is in Bangaluru, Karnataka, India.
The Company is engaged in the Financial Services 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 1,000.00 Cr and a paid-up capital of Rs 6.00 Cr.
The company currently has active open charges totaling ₹2,492.00 Cr. The company has closed loans amounting to ₹330.00 Cr, as per Ministry of Corporate Affairs (MCA) records.
Noaman Razack, Irfanrazack, Rezwan Razack, and One other member serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U45500KA2017PLC109059
- Company No.
109059
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
29 Dec 2017
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Financial Services
Who are the key members and board of directors at Prestige Hospitality Ventures?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Mohmed Zaid  | Managing Director | 31-Aug-2022 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Noaman Razack | Director | 29-Dec-2017 | Current |
| Irfanrazack | Director | 29-Dec-2017 | Current |
| Rezwan Razack | Director | 29-Dec-2017 | Current |
Financial Performance of Prestige Hospitality Ventures.
Prestige Hospitalityventures Limited, for the financial year ended 2022, experienced Minor drop in revenue, with a 3.42% decrease. The company also saw a substantial improvement in profitability, with a 24.49% increase in profit. The company's net worth dipped by a decrease of 7.49%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Prestige Hospitality Ventures?
In 2022, Prestige Hospitality Ventures had a promoter holding of 100.00%. The company had 2 Subsidiaries and 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Prestige Fashions Private LimitedNoaman Razack, Irfanrazack and 1 more are mutual person
K2k Infrastructure India Private LimitedIrfanrazack and Rezwan Razack are mutual person
Dashanya Tech Parkz Private LimitedMohmed Zaid is a mutual person
Prestige (Bkc) Realtors Private LimitedMohmed Zaid is a mutual person
- Prestige Estates Projects Limited
Noaman Razack, Irfanrazack and 1 more are mutual person
- Prestige Retail Ventures Limited
Noaman Razack, Irfanrazack and 1 more are mutual person
Charges (Loans)
Open Charges
₹2,492.00 Cr
Satisfied Charges
₹330.00 Cr
Charges Breakdown by Lending Institutions
- Idbi Trusteeship Services Limited : 2142.00 Cr
- Others : 350.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 May 2021 | Idbi Trusteeship Services Limited | ₹2,142.00 Cr | Open |
| 05 Dec 2019 | Others | ₹350.00 Cr | Open |
| 24 Jan 2019 | Standard Chartered Bank | ₹330.00 Cr | Satisfied |
How Many Employees Work at Prestige Hospitality Ventures?
Prestige Hospitality Ventures has a workforce of 394 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 Prestige Hospitality Ventures, 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 Prestige Hospitality Ventures'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 Prestige Hospitality Ventures
Recent activity within the organization
- Annual General Meeting
Prestige Hospitality Ventures Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Prestige Hospitality Ventures Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
- Director Appointment
Mohmed Sadiq Zaid was appointed as a Managing Director was appointed as a Managing Director on 31 Aug 2022 & has been associated with this company since 2 years 6 months .
- Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 2,142.00 Cr with Charge ID 100457429 was registered on 21 May 2021.
- Charges
A charge with Others of Rs. 350.00 Cr registered on 05 Dec 2019 with Charge ID 100305331 was modified on 17 Jun 2020.
- Charges
A charge registered on 24 Jan 2019 via Charge ID 100245396 with Standard Chartered Bank was fully satisfied on 13 Dec 2019.
Recent News, Updates & Announcement
- Prestige Estates: Keep one eye on launches, another on debt | Mint.
Despite a robust launch pipeline, unsold inventory inched up to ₹16,000 crore by the end of December. The company also has big capex plans, looking to spend ₹14,600 crore to develop its office, retail and hospitality assets..
- Apple gets massive office in India with parking for 740 cars, space for 1200 employees, to pay rent of.
Situated at Minsk Square, a prime location in the city, the new office is designed to accommodate up to 1,200 employees across its 15 floors. The facility includes dedicated lab spaces, collaborative areas, wellness zones, parking for 740 cars and a Caffe Macs..
Frequently asked questions
What is the Incorporation or founding date of Prestige Hospitality Ventures Limited?
Prestige Hospitality Ventures Limited was incorporated on 29 Dec 2017.
What is authorized share capital and paid-up capital of Prestige Hospitality Ventures Limited?
The authorized share capital of Prestige Hospitality Ventures Limited is ₹ 1,000.00 Cr and paid-up capital is ₹ 6.00 Cr.
Who are the current board members & directors of Prestige Hospitality Ventures Limited?
Currently 4 directors are associated with Prestige Hospitality Ventures Limited.
- Noaman Razack
- Irfanrazack
- Rezwan Razack
- Mohmed Sadiq Zaid
What is the registered address of Prestige Hospitality Ventures Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Prestige Hospitality Ventures Limited is Prestige Falcon Tower No.19, Brunton Road India, Bangalore, Karnataka, 560025.
What is the corporate identification number (CIN) and company number of Prestige Hospitality Ventures Limited?
The corporate identification number (CIN) of Prestige Hospitality Ventures Limited is U45500KA2017PLC109059 and the company number is 109059 as per Ministry of Corporate Affairs (MCA).
What is the official website of Prestige Hospitality Ventures Limited?
The Official website of Prestige Hospitality Ventures Limited is https://www.prestigeconstructions.com
What has been the recent revenue trend for Prestige Hospitality Ventures Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Prestige Hospitality Ventures Limited has fallen by -3.42%.
How many employees does Prestige Hospitality Ventures Limited currently have?
As Per 2022 financial reports, 394 employees are currently employed by Prestige Hospitality Ventures Limited.
What change has been observed in the net worth of Prestige Hospitality Ventures Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Prestige Hospitality Ventures Limited has experienced an downturn of -7.49%.
What are the total open charges for Prestige Hospitality Ventures Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Prestige Hospitality Ventures Limited amount to ₹ 2,492.00 Cr.
When was the last Balance Sheet of Prestige Hospitality Ventures Limited filed with the ROC?
The most recent Balance Sheet for Prestige Hospitality Ventures Limited was filed with the ROC on 31 Mar 2024.
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