Velan Hotels Profile
Key Indicators
- Authorised Capital ₹ 50.00 Cr
as on 16-11-2024
- Paid Up Capital ₹ 31.96 Cr
as on 16-11-2024
- Company Age 34 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 87.42 Cr
as on 16-11-2024
- Satisfied Charges ₹ 24.66 Cr
as on 16-11-2024
- Revenue %
(FY 2023)
- Profit -296.10%
(FY 2023)
- Ebitda 67.91%
(FY 2023)
- Net Worth -73.92%
(FY 2023)
- Total Assets -33.47%
(FY 2023)
About Velan Hotels
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 526755.
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 50.00 Cr and a paid-up capital of Rs 31.96 Cr.
The company currently has active open charges totaling ₹87.42 Cr. The company has closed loans amounting to ₹24.66 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Velan Hotels Limited India are Lalitha Rajendran as CFO and M Srinivasan as Company Secretary. Eswaramoorthy Ramalingam, Muthukumararamalingam Gautham, Muthukumararamalingam Sasikala, and Three other members serve as directors at the Company.
- CIN/LLPIN
L55101TZ1990PLC002653
- Company No.
002653
- Stock Symbol
BSE : 526755
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
21 Mar 1990
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Coimbatore
Industry
Company Details
- Location
Coimbatore, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Velan Hotels Limited offer?
Velan Hotels Limited offers a wide range of products and services, including Hotel Bookings, Catering Services, Restaurants Booking Services.
Who are the key members and board of directors at Velan Hotels?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Eswaramoorthy Ramalingam  | Managing Director | 21-Mar-1990 | Current |
| Lalitha Rajendran | CFO | 31-Mar-2015 | Current |
| M Srinivasan | Company Secretary | 01-Nov-2009 | Current |
Board Members(5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Muthukumararamalingam Gautham | Whole-Time Director | 01-Dec-2001 | Current |
| Muthukumararamalingam Sasikala | Director | 28-Mar-2012 | Current |
| Nagaraj Saveethkumar | Director | 31-Mar-2021 | Current |
| Katpadi Ananthasayanam | Director | 14-Sep-2024 | Current |
| Pachaimuthu Kumar | Director | 14-Sep-2024 | Current |
Financial Performance of Velan Hotels.
Velan Hotels Limited, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a substantial fall in profitability, with a 296.1% decrease in profit. The company's net worth observed a substantial decline by a decrease of 73.92%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Velan Hotels?
In 2023, Velan Hotels had a promoter holding of 80.14% and a public holding of 19.85%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Statex Engineering Private LimitedActive 34 years 11 monthsMuthukumararamalingam Gautham is a mutual person
Shree Vallee Enterprises Private LimitedActive 34 years 11 monthsEswaramoorthy Ramalingam, Muthukumararamalingam Gautham and 1 more are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 28 Jan 2011 | ₹42.04 Cr | Open |
Others Creation Date: 14 Jan 2011 | ₹45.38 Cr | Open |
Canara Bank Creation Date: 18 Mar 2010 | ₹1.13 M | Satisfied |
How Many Employees Work at Velan Hotels?
Unlock and access historical data on people associated with Velan Hotels, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Velan 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 Velan 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.
