Roopshri Resorts Limited, established in 1990 and based in Mumbai, operates Hotel Alexander at Matheran, a popular hill station near Mumbai, offering a peaceful, nature-friendly and heritage-style stay experience; the hotel is operated under a lease and license arrangement backed by a one-time refundable deposit with no recurring rent, and is one of the oldest properties in Matheran, spread across about 3.75 acres with 13 private cottage rooms and 12 executive rooms, though only a few are currently operational, providing lodging services only, while the company plans to use IPO funds mainly for renovation of the hotel and to repay existing debt, aiming to become nearly debt-free and explore similar hospitality opportunities in other locations.