Roots Corporation Limited

Hotel chain with 46 locations in India offering amenities such as restaurants, gym, and free internet.

2003 | Mumbai, Maharashtra (India) | Active
Last Updated: October 24, 2024

Roots Corporation Profile

Key Indicators

  • Authorised Capital ₹ 250.00 Cr
  • Paid Up Capital ₹ 99.02 Cr
  • Company Age 21 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 36.30 Cr
  • Satisfied Charges ₹ 321.20 Cr
  • Revenue Growth 70.88%
  • Profit Growth 309.81%
  • Ebitda 224.01%
  • Net Worth 122.07%
  • Total Assets 4.29%

About Roots Corporation

Roots Corporation Limited (RCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 24 December 2003 and has a history of 21 years and two months. Its registered office is in Mumbai, Maharashtra, India.

The Corporate was formerly known as Root Corporation 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 250.00 Cr and a paid-up capital of Rs 99.02 Cr.

The company currently has active open charges totaling ₹36.30 Cr. The company has closed loans amounting to ₹321.20 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Roots Corporation Limited India are Jithin Prakash as CFO and Neha Khanna as Company Secretary. Nabakumar Shome, Gaurav Sharma, and Deepika Thallapalli serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    gingerhotels.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U55100MH2003PLC143639

  • Company No.

    143639

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    24 Dec 2003

  • Date of AGM

    05 Jul 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Travel and Hospitality

Who are the key members and board of directors at Roots Corporation?

Executive Team (2)

NameDesignationAppointment DateStatus
Jithin Prakash CFO01-Aug-2022Current
Neha Khanna Company Secretary01-May-2022Current

Board Members (3)

NameDesignationAppointment DateStatus
Nabakumar Shome Country flag representing In Director 05-Jul-2022Current
Gaurav Sharma Country flag representing In Additional Director 05-Sep-2024Current
Deepika Thallapalli Country flag representing In Director 09-Apr-2018Current

Financial Performance of Roots Corporation.

Roots Corporation Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 70.88% increase. The company also saw a substantial improvement in profitability, with a 309.81% increase in profit. The company's net worth Soared by an impressive increase of 122.07%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
70.88%
Revenue from Operations
78.21%
Total Assets
4.29%
Profit or Loss
309.81%
Net Worth
122.07%
EBITDA
224.01%

What is the Ownership and Shareholding Structure of Roots Corporation?

In 2023, Roots Corporation had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹36.30 Cr

Satisfied Charges

₹321.20 Cr

Charges Breakdown by Lending Institutions

  • Axis Bank Limited : 36.30 Cr

Latest Charge Details

DateLenderAmountStatus
09 Oct 2019Axis Bank Limited₹36.30 CrOpen
13 Dec 2021Others₹7.50 CrSatisfied
25 Aug 2021Hdfc Bank Limited₹20.00 CrSatisfied
27 Jul 2021Others₹9.15 CrSatisfied
23 Apr 2021Others₹9.15 CrSatisfied

How Many Employees Work at Roots Corporation?

Roots Corporation has a workforce of 1083 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Roots Corporation, 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 Roots Corporation's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Roots Corporation

Recent activity within the organization

  • Director Appointment

    Gaurav Sharma was appointed as a Additional Director was appointed as a Additional Director on 05 Sep 2024 & has been associated with this company since 5 months 18 days .

    05 Sep 2024

  • Annual General Meeting

    Roots Corporation Limited last Annual general meeting of members was held on 05 Jul 2024 as per latest MCA records.

    05 Jul 2024

  • Balance Sheet

    Roots Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

    31 Mar 2024

  • Charges

    A charge registered on 13 Dec 2021 via Charge ID 100517452 with Others was fully satisfied on 29 Aug 2023.

    29 Aug 2023

  • Director Appointment

    Jithin Prakash was appointed as a Cfo was appointed as a Cfo on 01 Aug 2022 & has been associated with this company since 2 years 6 months .

    01 Aug 2022

  • Charges

    A charge registered on 25 Aug 2021 via Charge ID 100477701 with Hdfc Bank Limited was fully satisfied on 11 Jul 2022.

    11 Jul 2022

Frequently asked questions

  • Roots Corporation Limited was incorporated on 24 Dec 2003.

  • The authorized share capital of Roots Corporation Limited is ₹ 250.00 Cr and paid-up capital is ₹ 99.02 Cr.

  • Currently 5 directors are associated with Roots Corporation Limited.

    • Nabakumar Nikhilrajan Shome
    • Gaurav Sharma
    • Deepika Rao Thallapalli
    • Jithin Prakash
    • Neha Ashok Khanna
  • As per Ministry of Corporate Affairs (Mca), the registered address of Roots Corporation Limited is 9Th Floor Express Towers Barrister Rajni Patel Marg, Nariman Poin T India, Mumbai, Maharashtra, 400021.

  • The corporate identification number (CIN) of Roots Corporation Limited is U55100MH2003PLC143639 and the company number is 143639 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Roots Corporation Limited is https://www.gingerhotels.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Roots Corporation Limited has risen by 70.88%.

  • As Per 2023 financial reports, 1083 employees are currently employed by Roots Corporation Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Roots Corporation Limited has experienced an upsurge of 122.07%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Roots Corporation Limited amount to ₹ 36.30 Cr.

  • The most recent Balance Sheet for Roots Corporation Limited was filed with the ROC on 31 Mar 2024.

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