Delhi Gymkhana Club’s Rs 9.5 crore surplus, Rs 129 crore net worth, and rising membership grievances
मुख्य बातें
- •Delhi Gymkhana Club reported a surplus of Rs 9.5 crore in 2023-24, a tenfold increase from the previous year's Rs 93 lakh.
- •The club’s net worth stood at nearly Rs 129 crore as of March 31, 2024, with total investments of Rs 162 crore and mutual fund assets valued at Rs 217 crore.
- •Membership grievances have intensified due to a backlog stretching up to four decades, with concerns over dependents of permanent members bypassing the general queue.
- •The club faces a demand for Rs 24.7 crore in enhanced ground rent from the L&DO and risks related to its land lease, prompting concerns over liquidity and financial stability.
The Delhi Gymkhana Club, a high-profile not-for-profit entity in the national capital, has reported a tenfold increase in its surplus to Rs 9.5 crore during the financial year 2023-24, up from Rs 93 lakh in the previous year. According to the latest available data on the Ministry of Corporate Affairs portal, the club’s key revenue stream for the year was Rs 43 crore generated from its restaurants, bars, and banquet services. The club’s financial health appears robust, with a net worth of nearly Rs 129 crore as of March 31, 2024, and liquid funds to address potential threats such as the non-renewal of its land lease by the central government or legal challenges initiated by the Ministry of Corporate Affairs.
