Rising Hotel Profile
Key Indicators
- Authorised Capital ₹ 17.75 Cr
- Paid Up Capital ₹ 17.52 Cr
- Company Age 33 Year, 2 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 43.87 Cr
- Satisfied Charges ₹ 12.24 Cr
- Revenue Growth 68.47%
- Profit Growth 924.19%
- Ebitda 128.75%
- Net Worth 129.33%
- Total Assets 0.06%
About Rising Hotel
Rising Hotel Ltd. (RHL) is a leading Public Limited Indian Non-Government Company incorporated in India on 29 November 1991 and has a history of 33 years and two months. Its registered office is in Ahmedabad, Gujarat, India.
The Corporate was formerly known as Akash Hotel Ltd. 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 17.75 Cr and a paid-up capital of Rs 17.52 Cr.
The company currently has active open charges totaling ₹43.87 Cr. The company has closed loans amounting to ₹12.24 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Rising Hotel Ltd. India are Juhi Narwani as COMPANY SECRETARY and Mohan Galani as Cfo. Sagar Galani, Galani Varandmal, Mohan Galani, and Three other members serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
-
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U55101GJ1991PLC016701
- Company No.
016701
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
29 Nov 1991
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Who are the key members and board of directors at Rising Hotel?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Juhi Narwani | Company Secretary | 01-Jul-2023 | Current |
Mohan Galani  | CFO | 01-Nov-2016 | Current |
| Kamal Galani | Managing Director | 01-May-2006 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sagar Galani | Director | 20-Apr-2018 | Current |
| Galani Varandmal | Director | 31-Mar-2007 | Current |
| Mayur Parikh | Director | 01-Nov-2018 | Current |
| Narain Aswani | Director | 01-Nov-2016 | Current |
Financial Performance of Rising Hotel.
Rising Hotel Ltd., for the financial year ended 2023, experienced significant growth in revenue, with a 68.47% increase. The company also saw a substantial improvement in profitability, with a 924.19% increase in profit. The company's net worth Soared by an impressive increase of 129.33%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Rising Hotel?
In 2023, Rising Hotel had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Amrapali Industries LimitedMayur Parikh is a mutual person
Interactive Financial Services LimitedMayur Parikh is a mutual person
Maharaja Realtors LlpSagar Galani and Kamal Galani are mutual person
- Galani Ajwani Developers Llp
Sagar Galani and Kamal Galani are mutual person
- Morya Galani Homes Private Limited
Sagar Galani, Galani Varandmal and 1 more are mutual person
- Beam Developers Private Limited
Sagar Galani, Galani Varandmal and 1 more are mutual person
Charges (Loans)
₹43.87 Cr
₹12.24 Cr
Charges Breakdown by Lending Institutions
- Others : 41.03 Cr
- Tourism Finance Corpn Of India Ltd : 2.50 Cr
- Hdfc Bank Limited : 0.34 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Apr 2023 | Hdfc Bank Limited | ₹3.39 M | Open |
| 27 Jul 2021 | Others | ₹4.15 Cr | Open |
| 06 Feb 2021 | Others | ₹4.15 Cr | Open |
| 28 Dec 2015 | Others | ₹32.73 Cr | Open |
| 27 Jul 1999 | Tourism Finance Corpn Of India Ltd | ₹2.50 Cr | Open |
How Many Employees Work at Rising Hotel?
Rising Hotel has a workforce of 73 employees as of Apr 06, 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 Rising Hotel, 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 Rising Hotel'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.
