- Business
- Emerald Leisures Limited operates Club Emerald, a premier sports and leisure complex in Mumbai, India, offering comprehensive hospitality, recreational, and dining services to members and guests. Incorporated in 1933 and headquartered at Club Emerald Sports Complex in Chembur, Mumbai, the company provides guest rooms including superior rooms, deluxe rooms, and suites; banquet and meeting venues such as Imperial, Royale, Galaxy, King's Court, and board room accommodating 25-1000+ guests; sports facilities encompassing gym, swimming pool, badminton, table tennis, squash, snooker/billiards, chess, carrom, and kids' corner; wellness amenities like spa, salon, and fitness club; leisure options including library, card room, and recreational activities; multi-cuisine restaurants, bar, and open-air dining; as well as affiliations with 78 other clubs and resorts for reciprocal access. The company serves family, single lady, senior citizen, and corporate members primarily in the Mumbai region within the amusement, recreation, and non-rated hotel sectors. In recent developments, Emerald Leisures completed a rights issue of up to 10,012,400 equity shares at INR 12.50 each in September-October 2024 raising approximately INR 12.52 crore; approved a preferential issuance of 2,968,000 convertible warrants at INR 56.25 each in October 2025 targeting INR 166.95 million from investors including promoters; announced a further board approval for 2,968,000 convertible warrants at INR 225 each totaling INR 66.78 crore in 2025 to boost promoter holding to 68.52%; entered a 51% profit-sharing partnership with an LLP and approved INR 16 crore borrowings from ABHFL in December 2024; and acquired a stake in Gala Mahim Cluster Developers LLP in December 2024.