Saj Hotels operates in the hospitality industry and offers accommodation and service options. The company's portfolio includes traditional resort accommodations, villa rentals, and restaurant and bar properties. Saj Hotels caters to both leisure and business clientele, offering event venues for conferences, weddings, and other social gatherings, along with event planning and management services. The company’s resorts are spread across three destinations – Mahabaleshwar, Malshej, and Pench.;
Founded in
1981
MD/CEO
Mr. Karna Kartik Timbadia
Parent organisation
Saj Hotels Ltd
Saj Hotels Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
In addition to standard room bookings, Saj Hotels generates revenue from a range of services, including restaurants, spas, and event hosting for weddings and conferences.
Alongside its resorts and villas, the company expanded its offerings in 2023 by leasing a restaurant and bar property through a lease and licence agreement.
Saj Hotels has also diversified its business by acquiring a 50% stake in My Own Rooms Dot In Private Limited.
The company incurred a loss of Rs 1.20 crore in FY21.
The company has experienced negative cash flows in the past. A repeat of the same could hurt its business.
The company, group companies, and directors are involved in certain legal proceedings. Any adverse judgments in any of these cases could be detrimental to the company’s business prospects.
One of Saj Hotels' resort properties, Saj in the Forest, Pench, is built on leased land under a joint venture agreement. Any failure to meet the terms of this agreement could negatively impact the company’s business operations.
The company has contingent liabilities of Rs 36.28 crore, which have not been provided for in the restated financial statements. Any inability to service or repay these liabilities on time could be harmful to the company’s business operations.
Application details
For Saj Hotels IPO, eligible investors can apply as Regular.