Promenade Hospitality Profile
Key Indicators
- Authorised Capital ₹ 8.87 Cr
- Paid Up Capital ₹ 8.87 Cr
- Company Age 13 Year, 11 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 17.11 Cr
- Satisfied Charges ₹ 34.50 Cr
- Revenue Growth -16.97%
- Profit Growth -396.34%
- Ebitda -25.52%
- Net Worth -49.39%
- Total Assets -16.03%
About Promenade Hospitality
Promenade Hospitality Private Limited (PHPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 10 March 2011 and has a history of 13 years and 11 months. Its registered office is in Vadodara, Gujarat, 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 2024. It's a company limited by shares with an authorized capital of Rs 8.87 Cr and a paid-up capital of Rs 8.87 Cr.
The company currently has active open charges totaling ₹17.11 Cr. The company has closed loans amounting to ₹34.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
Vipulkumar Thakkar, Ajay Patel, Munjal Vipul, and Two other members serve as directors at the Company.
Company Details
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Location
Vadodara, Gujarat, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U55200GJ2011PTC064345
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Company No.
064345
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
10 Mar 2011
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Ahmedabad
Industry
Who are the key members and board of directors at Promenade Hospitality?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Munjal Vipul
|
Managing Director | 10-Mar-2011 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Devarshi Thakkar
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Director | 14-May-2011 | Current |
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Vipulkumar Thakkar
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Director | 10-Mar-2011 | Current |
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Ajay Patel
|
Director | 28-Aug-2013 | Current |
|
Hitesh Shah
|
Director | 28-Aug-2013 | Current |
Financial Performance of Promenade Hospitality.
Promenade Hospitality Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 16.97% decrease. The company also saw a substantial fall in profitability, with a 396.34% decrease in profit. The company's net worth observed a substantial decline by a decrease of 49.39%.
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What is the Ownership and Shareholding Structure of Promenade Hospitality?
In 2023, Promenade Hospitality had a promoter holding of 67.24% and a public holding of 32.76%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Sarang Infrastructure LimitedAjay Patel is a mutual person
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Sapthagiri Hospitality Private LimitedVipulkumar Thakkar and Munjal Vipul are mutual person
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Credai VadodaraVipulkumar Thakkar and Munjal Vipul are mutual person
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Surface Edifice LlpVipulkumar Thakkar is a mutual person
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Vmd Consultancy & Infrahomes Llp
Vipulkumar Thakkar, Munjal Vipul and 1 more are mutual person
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Sitikantha Infrastructure Private Limited
Vipulkumar Thakkar is a mutual person
Charges (Loans)
₹17.11 Cr
₹34.50 Cr
Charges Breakdown by Lending Institutions
- Others : 17.11 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Nov 2024 | Others | ₹1.12 M | Open |
| 31 Jul 2023 | Others | ₹16.00 Cr | Open |
| 26 Jul 2023 | Others | ₹1.00 Cr | Open |
| 09 May 2019 | Others | ₹7.50 Cr | Satisfied |
| 29 Oct 2015 | Tourism Finance Corporation Of India Ltd | ₹13.50 Cr | Satisfied |
How Many Employees Work at Promenade Hospitality?
Promenade Hospitality has a workforce of 79 employees as of Apr 03, 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 Promenade Hospitality, 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 Promenade Hospitality'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.
