Afro Alliance Private Limited
About Afro Alliance Private Limited
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Afro Alliance Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the forex services segment of the financial services sector. It was incorporated on 14 June 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63000MH2018PTC310756. Its GSTIN is 27AARCA0219M1ZF (Maharashtra). The company holds 6 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Asad Naeemuddin Moulvi and Palayamkottu Sulaiman Muhamed.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Floor – 4 27 Faiz E Akhtar Building A U Memon Street Memonwada Mandvi, Mumbai, Maharashtra, India – 400003.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.59 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹1.54 Cr (net margin 14.5%) and EBITDA of ₹3.9 Cr (EBITDA margin 36.8%). Revenue has grown at a compounded annual rate (CAGR) of 69% over three years and 60% over five years.
As per MCA filings, the company has open charges of ₹18.39 Cr on record.
Company details
Contact details
Afro Alliance Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFloor – 4 27 Faiz E Akhtar Building A U Memon Street Memonwada Mandvi, Mumbai, Maharashtra, India – 400003
- IndustryFinancial Services, Forex Services
To see the full contact details of Afro Alliance Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Afro Alliance is administrative and support service activities. In detail, this covers travel agency, tour operator, reservation service and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Administrative and support service activities | 79 | Travel agency, tour operator, reservation service and related activities |
To see the full business activity and turnover split of Afro Alliance Private Limited, buy the company report.
Financials of Afro Alliance Private Limited
FY 2025 filings availableAfro Alliance Private Limited reported revenue of ₹10.59 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 60% over five years, including 5% growth in the latest year. EBITDA rose 15% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹3.9 Cr | ||||
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| Net Profit (PAT) | ₹1.54 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 36.8% | ||||
| Net Profit Margin | 14.5% | ||||
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To see the full financial statements and ratios of Afro Alliance Private Limited, buy the company report.
Board of directors of Afro Alliance Private Limited
Afro Alliance has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asad Naeemuddin Moulvi Also directs: Al Hajj Unity Travels LLP, Minhaj Publications India Forum, Alliance Afro Links and Forex Private Limited and 2 more | Director | 14 Jun 2018 | 8 Years 4 Months | Current |
| Palayamkottu Sulaiman Muhamed | Director | 29 Nov 2019 | 6 Years 10 Months | Current |
Auditor
Afro Alliance Private Limited is audited by P.P.JAYARAMAN & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.P.JAYARAMAN & CO. | FY 2023 | 041354 |
Shareholding
The shareholding of Afro Alliance Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Afro Alliance Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Feb 2024 | 100877852 | Others | ₹7.5 Cr | Open | |
| 25 Jan 2020 | 100319697 | Others | ₹10.63 Cr | Open | |
| 23 Jul 2019 | 100301743 | Others | ₹15 Lakh | Open | |
| 27 Dec 2018 | 100235756 | Others | ₹11 Lakh | Open |
To see the full charge records of Afro Alliance Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Afro Alliance Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Afro Alliance Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Afro Alliance has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AARCA0219M1ZF | Maharashtra | Active | 24 Jul 2018 |
| 36AARCA0219M1ZG | Telangana | Active | 23 Aug 2018 |
| 07AARCA0219M1ZH | Delhi | Active | 20 Nov 2019 |
| 06AARCA0219M1ZJ | Haryana | Active | 18 Aug 2022 |
To see the full GST registrations and return filing status of Afro Alliance Private Limited, buy the company report.
Recent activity
Afro Alliance Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Mohammad Salim Abdul Khadar ceased to be Director on 16 Dec 2019.
Frequently asked questions
Afro Alliance is an active private limited company based in Mumbai, Maharashtra, India. The company works in forex services, within the financial services industry. It was incorporated on 14 June 2018 (8+ years old) and is registered under CIN U63000MH2018PTC310756.
Afro Alliance has 2 current directors:
- Asad Naeemuddin Moulvi - Director
- Palayamkottu Sulaiman Muhamed - Director
The latest financial statements of Afro Alliance on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Afro Alliance is 27AARCA0219M1ZF, registered in Maharashtra. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 36AARCA0219M1ZG (Telangana), 07AARCA0219M1ZH (Delhi), 06AARCA0219M1ZJ (Haryana).
The CIN (Corporate Identification Number) of Afro Alliance is U63000MH2018PTC310756. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Afro Alliance was incorporated on 14 June 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Mohammad Salim Abdul Khadar ceased to be Director on 16 Dec 2019. Palayamkottu Sulaiman Muhamed was appointed as Director on 29 Nov 2019. Asad Naeemuddin Moulvi was appointed as Director on 14 Jun 2018.
The registered office of Afro Alliance is at Floor – 4 27 Faiz E Akhtar Building A U Memon Street Memonwada Mandvi, Mumbai, Maharashtra, India – 400003.
Afro Alliance operates in the financial services industry, in the forex services segment.
Afro Alliance has open charges of ₹18.39 Cr and no satisfied charges on record as per latest MCA filings.