Home/Companies/Colstay Limited (converted from Colstay Private Limited; CIN updated to U55209MH2019PLC325971 on conversion to public company — same entity, same registered address/PAN)

COMPANY INTELLIGENCE PROFILE

Colstay Limited (converted from Colstay Private Limited; CIN updated to U55209MH2019PLC325971 on conversion to public company — same entity, same registered address/PAN)

Colstay Limited (operating brand: "The Hive Hostels") runs asset-light, fully-furnished premium PG/student-housing and long-stay hostel accommodation across India — meals, WiFi, laundry, gym, and community amenities targeting students and young professionals.

ActiveNo — unlisted public limited company. Company is reportedly planning to file a DRHP and target a public listing around March 2026 (per news aggregation via DuckDuckGo/Bing summaries, not independently confirmed on a primary source — treat as unconfirmed/partial).RoC Maharashtra (Tofler) / RoC Mumbai (TheCompanyCheck) — both refer to the same Mumbai RoC office; minor naming variance only

Business Overview

Colstay Limited (operating brand: "The Hive Hostels") runs asset-light, fully-furnished premium PG/student-housing and long-stay hostel accommodation across India — meals, WiFi, laundry, gym, and community amenities targeting students and young professionals. Founded 2019 by brothers Bharat Agarwal (Founder/MD) and Siddharth Agarwal (Co-founder/WTD). Per the official site, as of the latest listing it operates 19+ properties across 5 cities (Mumbai, Noida, Ahmedabad, Pune, Jalandhar), claiming 10,000+ students served; a separately sourced press summary (via DuckDuckGo aggregation, not a primary filing) claims broader "10+ cities" and ~20 properties — flagged as a source conflict, likely reflecting different snapshot dates. The company has also launched "Aurus," a premium "Build to Suit" luxury sub-brand for expansion. Reportedly bootstrapped and profitable prior to its first external funding round in 2024. Sources: thehivehostels.com (official site), Tofler, TheCompanyCheck, news aggregation via DuckDuckGo.

Sector & Classification

Hotels and Restaurants sector; NIC activity description "Room or unit accommodation services for students in student residences" (Source: Tofler). Actual business: operates as "The Hive Hostels" — premium student PG/hostel accommodation, with a newer premium sub-brand "Aurus".

Directors & Key Management

5 directors identified (Source: TheCompanyCheck for names/roles/dates; DINs for 4 of them from Tofler):

- Bharat Agarwal — Managing Director, appointed 28 May 2019, DIN 08465466

- Siddharth Agarwal — Whole-Time Director, appointed 28 May 2019, DIN 08465467

- Vivekraj Rameshkumar Bagrecha — Director, appointed 26 Oct 2023, DIN 10366648

- Jay Kumar Shaw — Director, appointed 07 Mar 2025, DIN 09627535

- Neha Shukla — Additional Director, appointed 10 Oct 2025, DIN not obtained

Confirmed via 2 independent sources (Tofler + TheCompanyCheck) for names/DINs of the first 4; Neha Shukla appears only on TheCompanyCheck (partial, unconfirmed DIN).

GST Registrations

Not obtained. Primary GSTIN could not be retrieved — knowyourgst, findgst.in and mastersindia.co individual-GSTIN/PAN lookups all 404'd for PAN AAICC1989K, and TheCompanyCheck gates GSTIN behind a premium paywall. Home state is inferable as Maharashtra from the registered address, but this is not a confirmed GSTIN record. Number of registrations and filing status: not obtained.

Financials

FY2025 (period ending Mar 2025), standalone entity-level (Colstay Limited), per TheCompanyCheck: Revenue ₹57.47 Cr (+42% YoY); paid-up capital ₹1.13 Cr; EBITDA +190% YoY, Net Profit +256.52% YoY, Net worth +561.4% YoY (only growth %, absolute figures locked behind Tofler Pro — not obtained). EPFO-reported employees: ~165.

CONFLICT: A separately sourced press/aggregation summary (via DuckDuckGo, brand-level "The Hive Hostels" — not confirmed as this legal entity's standalone filing) cites "Current Revenue: ₹85 crore" and "Projected FY27 Revenue: ₹110 crore." This is materially higher than TheCompanyCheck's ₹57.47 Cr and could not be reconciled — likely reflects a different measurement basis (brand/group run-rate vs audited standalone financials, or a forward estimate) or a different reporting period. Flagged, not resolved. No source distinguished standalone vs consolidated explicitly; treat the ₹57.47 Cr TheCompanyCheck figure as the more reliable (registry-sourced) number and the ₹85 Cr/₹110 Cr figures as unconfirmed press estimates.

Funding History

Maiden external funding round: approx. ₹11.5 Cr (~US$1.4M) raised in 2024, reportedly from Anchorage Capital (also referenced as "Anchorage Capital Fund/Group" in different mentions) — company was bootstrapped and profitable prior to this round (Source: DuckDuckGo-aggregated press summary; not independently verified against a primary filing or Tracxn round-name page, since Tracxn's own company page for this CIN could not be fetched — 404). Company reportedly planning to file a DRHP and target public listing by March/Q4 FY26. Status: partial/unconfirmed — single-source aggregation only.

Shareholding

Not obtained. Shareholding pattern is gated behind premium access on both Tofler and TheCompanyCheck. Founders Bharat Agarwal and Siddharth Agarwal are named as directors/promoters but exact promoter/institutional/public split, and any equity stake held by the Anchorage Capital funding round, could not be confirmed.

Loans & Charges

Open charges totaling ₹18.93 Cr (Source: TheCompanyCheck):

- Tata Capital Housing Finance Limited: ₹3.57 Cr

- Others (lender names not itemized on free tier): ₹15.36 Cr

Recent charge registrations: ₹64 Lakh (07 Aug 2025), ₹2 Cr (11 Jun 2025), ₹5 Cr (21 Feb 2025), ₹1.07 Cr and ₹1.77 Cr (01 Feb 2025). ICICI Bank also mentioned as a lender in one summary but not itemized with an amount — partial/unconfirmed for that specific line. Note per data-source conventions: "no charges" elsewhere would only mean no *open* charges, not none ever — here charges are explicitly open and itemized above.

Credit Ratings

None found. No CRISIL, ICRA, or CARE rating could be located for Colstay Limited / Colstay Private Limited / The Hive Hostels in any source checked.

Competitive Landscape

India's PG/student-housing/co-living peers (rough scale tags):

1. Stanza Living — large/well-funded, 75,000+ beds across 23 cities (market leader tier)

2. ZoloStays (Zolo) — large, multi-city presence, well-funded

3. Your-Space — mid-large, premium student housing

4. Colive — mid-size, students + working professionals

5. Settl — small-mid, co-living focus

6. Isthara — small-mid, PG/hostel focus

Colstay/The Hive Hostels itself sits at a smaller/emerging scale (5–10+ cities, ~19-20 properties, ₹57-85 Cr revenue range per conflicting sources) relative to Stanza Living and Zolo, but has recently raised its first external round and is positioning toward an IPO.

Frequently Asked Questions

What does Colstay Limited (converted from Colstay Private Limited; CIN updated to U55209MH2019PLC325971 on conversion to public company — same entity, same registered address/PAN) do?

Colstay Limited (operating brand: "The Hive Hostels") runs asset-light, fully-furnished premium PG/student-housing and long-stay hostel accommodation across India — meals, WiFi, laundry, gym, and community amenities targeting students and young professionals.

What is the CIN of Colstay Limited (converted from Colstay Private Limited; CIN updated to U55209MH2019PLC325971 on conversion to public company — same entity, same registered address/PAN)?

Colstay Limited (converted from Colstay Private Limited; CIN updated to U55209MH2019PLC325971 on conversion to public company — same entity, same registered address/PAN)'s Corporate Identification Number (CIN) is U55209MH2019PTC325971.

When was Colstay Limited (converted from Colstay Private Limited; CIN updated to U55209MH2019PLC325971 on conversion to public company — same entity, same registered address/PAN) incorporated?

Colstay Limited (converted from Colstay Private Limited; CIN updated to U55209MH2019PLC325971 on conversion to public company — same entity, same registered address/PAN) was incorporated on 28 May 2019 (Source: Tofler, TheCompanyCheck — both agree) and is registered with RoC Maharashtra (Tofler) / RoC Mumbai (TheCompanyCheck) — both refer to the same Mumbai RoC office; minor naming variance only.

Where is Colstay Limited (converted from Colstay Private Limited; CIN updated to U55209MH2019PLC325971 on conversion to public company — same entity, same registered address/PAN) registered?

The registered office of Colstay Limited (converted from Colstay Private Limited; CIN updated to U55209MH2019PLC325971 on conversion to public company — same entity, same registered address/PAN) is at 405, 4th Floor, The Summit Business Bay, Near Western Express Highway Metro Station, Opp. PVR Cinema, Gundavali, Andheri-Kurla Road, Andheri East, Mumbai, Maharashtra 400093 (Source: Tofler, TheCompanyCheck, and the official operating brand site thehivehostels.com — all agree).

Information compiled from public registry and secondary sources (as of 2026-07-29). It may be incomplete or dated; verify independently before relying on it. Known gaps: GSTIN(s) and filing status; exact absolute financials (EBITDA, PAT, net worth, borrowings figures — only YoY % known); shareholding/cap table; DIN for Neha Shukla; itemized lender list beyond Tata Capital Housing Finance; independent confirmation of the Anchorage Capital funding round and IPO/DRHP plans (single aggregated source only, Tracxn page 404'd); status/legal nature of "Aurus" brand; credit ratings (none found, possibly genuinely unrated); consolidated vs standalone financial basis was not explicitly stated by any source.