Saj Hotels Ltd - Stock Valuation and Financial Performance

Saj Hotels Limited was originally incorporated as a private limited company under the provisions of the Companies Act, 1956 pursuant to Certificate of Incorporation issued by Registrar of Companies, Maharashtra at Bombay dated February 4, 1981 with the name ‘Saj Hotels Private Limited’. The company is in hospitality sector since the date of incorporation. The company was converted from a private limited company to Public Limited Company pursuant to Special Resolution passed at the Extra-ordinary General Meeting by the shareholders of the Company on October 5, 2023 and the name of the company was changed to ‘Saj Hotels Limited’. A fresh certificate of incorporation consequent to conversion was issued on November 3, 2023 by the Registrar of Companies.

Saj Hotels is engaged in Hospitality industry. It provides a diverse portfolio of Business-to-Business (B2B), Business-to-Business-to-Customer (B2B2C) and Business-to-Customer (B2C) hospitality offerings, spanning from traditional resort accommodation to villa rentals and restaurant and bar properties. It focuses on providing comprehensive services to guests, including food and beverage options, recreational facilities and event hosting capabilities, reflecting a commitment to ensuring a memorable experience for its visitors.

The company offers a range of accommodation options across various destinations, each tailored to provide comfort and convenience. Its resorts have well-appointed rooms and suites, complemented by a variety of dining venues including restaurants, bars and in-room dining services. Its dedicated team provides personalized concierge assistance, access to rejuvenating spa facilities, and a host of recreational activities to ensure a memorable stay for every visitor. The company’s resorts serve as versatile event venues, equipped to host a wide array of gatherings including conferences, weddings, and social events. With comprehensive event planning and management services, it ensures seamless execution and unforgettable experiences for its clients and their guests. 

Business area of the company

Saj Hotels is engaged in Hospitality industry. It provides a diverse portfolio of B2B, B2B2C and B2C hospitality offerings, spanning from traditional resort accommodation to villa rentals and restaurant and bar properties.

History and milestones

• 1981: Incorporation of the company and acquisition of Saj Resorts (Now, Saj On the Mountain, Mahabaleshwar).
• 2016: Acquisition and commencement of resort- Saj by the Lake, Malshej (SBTL).
• 2018: Lease deed with Mahindra Holidays & Resorts India Limited for the resort- Saj on the Mountains, Mahabaleshwar (SOTM).
• 2018: Entered into partnership in Coast to Coast Hospitality and Lifestyle LLP.
• 2020: Investment in Perhaps Foods Private Limited (Subsidiary).
• 2021: Investment in My Own Rooms Dot In Private Limited (50% Associate).
• 2023: Disinvestment from Perhaps Foods Private Limited (Subsidiary).
• 2023: Resignation from partnership in Coast to Coast Hospitality and Lifestyle LLP.
• 2023: Excellence Award for Best Value Leisure Product at the BLTM (Business Leisure Travel MICE) Delhi.
• 2023: Entered into ‘Agreement for Grant of permission to manage’ restaurant property located at Goa, with the Tamil Sunrise (proprietorship Kishore David Frederick).
• 2023: Joint Venture for operation of Saj in the Forest, Pench with Shankar Lal Pradhan and SKS Farms & Hotels Private Limited for commencement of resort operations.
• 2023: Conversion of Company from a Private Limited Company to a Public Limited Company.