What we do Ras Resorts & Apart Hotels Ltd owns and operates a resort and hotel business, offering accommodation, dining, event hosting, and wellness services near Daman Ganga river. |
Founded in 1,984 |
Market share A recognized resort in its region with a niche hospitality presence near Mumbai; no major market share data disclosed. |
Problem solved Provides a getaway and event venue with quality accommodation, meeting facilities, and recreational amenities within close proximity to major cities. |
Top clients or who we serve Primarily serves leisure and business travelers, corporate clients for conferences and events, and local social event patrons; mainly B2C and B2B. |
Key management - |
Our journey and innovations Incorporated in 1984; partnered in 2022 for marketing and operations support to enhance service quality and market reach. |
Where we operate Operates a resort near Daman Ganga river, accessible from Mumbai and Surat, India. |
Top products or what we offer Hotel rooms (Standard to Executive), conference halls, fine dining, wellness facilities, and banquet lawns for social and business events. |
Top brands Ras Resorts - known for riverside location, conference halls SABHA, SAMVAAD (E) & SAMVAAD (W); renowned local hospitality brand. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue mainly cyclical, dependent on tourism, corporate events and seasonal demand. |
Our industry position Established regional player in leisure and corporate hospitality sectors near Mumbai and Surat. |
Financial highlights FY 2023-24 revenue approximately Rs. 132.86 million, net profit Rs. 1.83 million, showing profit turnaround from prior year. |
Geographical revenue split - |
Order book - |
Whats driving growth Increasing demand for corporate events and leisure stays supported by new marketing and operations partnership since 2022. |
Our future plans Focus on enhancing marketing, operations, and facility upgrades under current management agreement to sustain growth. |
Our green promise Adopted solar water heating system to reduce energy consumption and promote sustainability. |
Our people and values Commits to skilled, dedicated employees fostering hospitality excellence and customer satisfaction. |
Key challenges ahead Market competition, seasonal demand fluctuations, and maintaining operational efficiencies. |
Interesting facts Operates multiple unique venues including a large children's playscape and Kerala Ayurvedic massage. |
Risks and strategy Manages risks through board oversight, internal financial controls, and compliance systems; continues strategic partnerships. |
