MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-18-0063304
Associated Hospitality and Developers Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹136.82 Cr
▲ 10% YoY
Net profit · FY 2025
₹12.63 Cr
Net margin 9.2%
EBITDA · FY 2025
₹38.88 Cr
EBITDA margin 28.4%
Authorised capital
₹16 Cr
Registered with MCA
Paid-up capital
₹7.57 Cr
Issued & subscribed
Open charges
₹66.34 Cr
Satisfied ₹85.53 Cr
Company age
20 yrs
Est. 2006
Employees · EPFO
150
Provident fund records
About Associated Hospitality and Developers Private Limited
Data last updated:
Associated Hospitality and Developers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate financing segment of the financial services sector. It was incorporated on 16 June 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH2006PTC162648. Its GSTIN is 27AAFCA7847P1ZX (Maharashtra).
The company has an authorised share capital of ₹16 Cr and a paid-up capital of ₹7.57 Cr. It was formerly known as Associated Hospitality and Developers Private Limited Partix. It is led by directors including Imran Ismail Balwa and Zubair Ismail Balwa.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹136.82 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹12.63 Cr (net margin 9.2%) and EBITDA of ₹38.88 Cr (EBITDA margin 28.4%). Revenue has grown at a compounded annual rate (CAGR) of 45% over three years and 27% over five years.
The company has about 150 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹66.34 Cr and satisfied charges of ₹85.53 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 3 cases are pending.
Associated Hospitality and Developers Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-18-0063304). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website balwagroup.com.
Company details
CIN U55101MH2006PTC162648
Registration Number 162648
Incorporation Date 16 June 2006
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-18-0063304
Key People
Imran Ismail Balwa Director Zubair Ismail Balwa Director Hussein Abdulkarim Balwa Director Recognitions & Rankings of Associated Hospitality and Developers
Contact details
Associated Hospitality and Developers Private Limited's registered office is in Mumbai, Maharashtra. Its website is balwagroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4th Floor Techniplex – I Techniplex Complex Off Veer Savarkar Flyover Goregaon (Wes, T), Mumbai, Maharashtra, India – 400062
- IndustryFinancial Services, Real Estate Financing
To see the full contact details of Associated Hospitality and Developers Private Limited, buy the company report.
Comprehensive company report
Associated Hospitality and Developers Private Limited - one report that includes everything
- 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
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Business activity
The main business activities of Associated Hospitality and Developers are accommodation and food service and real estate. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc. and real estate activities with own or leased property. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I1 | Accommodation services provided by Hotel, Inns, Resorts, holiday homes, hostel, etc. | |
| L | Real Estate | L1 | Real estate activities with own or leased property |
To see the full business activity and turnover split of Associated Hospitality and Developers Private Limited, buy the company report.
Financials of Associated Hospitality and Developers Private Limited
FY 2025 filings availableAssociated Hospitality and Developers Private Limited reported revenue of ₹136.82 Cr (up 10% YoY) for FY 2025.
Revenue · FY 2025
₹136.82 Cr ▲ 10%
Net profit · FY 2025
₹12.63 Cr margin 9.2%
EBITDA · FY 2025
₹38.88 Cr margin 28.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 45%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▲ 39%
3 years · compounded
▲ 206%
5 years · compounded
▲ 28%
Revenue has grown at a compounded annual rate (CAGR) of 27% over five years, including 10% growth in the latest year. EBITDA rose 39% 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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| Total Expenses | |||||
| EBITDA | ₹38.88 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.63 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 28.4% | ||||
| Net Profit Margin | 9.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Associated Hospitality and Developers Private Limited, buy the company report.
Board of directors of Associated Hospitality and Developers Private Limited
Associated Hospitality and Developers has 8 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Imran Ismail Balwa | Director | 04 Sep 2008 | 18 Years 2 Months | Current |
| Zubair Ismail Balwa | Director | 04 Sep 2008 | 18 Years 2 Months | Current |
| Hussein Abdulkarim Balwa Also directs: Bayone Realty LLP, Meetha Fusion Foods Private Limited, Pastonji Foods Private Limited and 5 more | Director | 15 Jun 2006 | 20 Years 4 Months | Current |
| Umar Abdulkarim Balwa Also directs: Meetha Fusion Foods Private Limited, Pastonji Foods Private Limited, Panetteria Foods Private Limited and 5 more | Director | 15 Jun 2006 | 20 Years 4 Months | Current |
| Ismail Abdulkarim Balwa Also directs: Bayone Realty LLP, Meetha Fusion Foods Private Limited, Pastonji Foods Private Limited and 5 more | Director | 15 Jun 2006 | 20 Years 4 Months | Current |
| Rafiq Hussein Balwa Also directs: Meetha Fusion Foods Private Limited, Pastonji Foods Private Limited, Panetteria Foods Private Limited and 5 more | Director | 12 Feb 2008 | 18 Years 8 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Associated Hospitality and Developers Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Services industry (Hospitality, Hotels, Real Estate Leasing), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Samhi Hotels (Ahmedabad) Private Limited | ₹138.05 Cr (FY 2025) | 6.0% | Ahmedabad, Gujarat, India | |||
| Pinnacle Resorts Private Limited | ₹137.89 Cr (FY 2024) | 21.0% | Hyderpora, Jammu and Kashmir, India | |||
| MPG Hotels and Infrastructure Ventures Private Limited | ₹136.99 Cr (FY 2025) | -17.0% | Thiruvananthapuram, Kerala, India | |||
| Associated Hospitality and Developers Private Limitedthis company | ₹136.82 Cr (FY 2025) | ₹12.63 Cr | 9.2% | 10.0% | 150 | Mumbai, Maharashtra, India |
| Today Hotels Private Limited | ₹136.48 Cr (FY 2025) | 23.0% | Gurgaon, Haryana, India | |||
| Alcon Resort Holdings Private Limited | ₹135.3 Cr (FY 2025) | 16.0% | Panaji, Goa, India |
To see the full peer comparison of Associated Hospitality and Developers Private Limited, buy the company report.
Auditor
Associated Hospitality and Developers Private Limited is audited by R R SHAH & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R R SHAH & ASSOCIATES | FY 2022 | 112007W |
Shareholding
The shareholding of Associated Hospitality and Developers Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Associated Hospitality and Developers Private Limited, buy the company report.
Charges & borrowings
Open charges
₹66.34 Cr
Satisfied charges
₹85.53 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Aug 2025 | 101149293 | State Bank of India | ₹20 Lakh | Open | |
| 18 Apr 2024 | 100913167 | Sbicap Trustee Company Limited | ₹48.05 Cr | Open | |
| 12 Feb 2024 | 100913150 | State Bank of India | ₹30 Lakh | Open | |
| 22 Feb 2023 | 100686020 | State Bank of India | ₹5 Lakh | Open | |
| 05 May 2022 | 100571114 | State Bank of India | ₹4.2 Cr | Open |
To see the full charge records of Associated Hospitality and Developers Private Limited, buy the company report.
Total charge records: 15 View all charges
Legal cases
Associated Hospitality and Developers Private Limited has 4 court cases on record: 2 filed by Associated Hospitality and Developers, 2 filed against it. 3 cases are pending and 1 is disposed.
Total cases
4
Filed by the company
2
Filed against the company
2
Pending
3
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
| High courts | 2 | 1 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax - 12 Mumbai | Pending |
| Bombay High Court | Tax appeal | Filed by the company against Principal Commissioner of Income Tax-12 and Anr. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons warrent Cases SW) | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
To see the full case history of Associated Hospitality and Developers Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Associated Hospitality and Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Associated Hospitality and Developers Private Limited has a workforce of 150 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
150
Active EPFO establishments
1
Employee growth
-2.6%
GST
Associated Hospitality and Developers has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCA7847P1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Associated Hospitality and Developers Private Limited, buy the company report.
Recent activity
Associated Hospitality and Developers Private Limited has 12 board changes on record since 2006: 8 appointments and 4 cessations. The latest: Sania Umar Balwa ceased to be Additional Director on 29 Sep 2018.
AGM
Associated Hospitality And Developers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with State Bank Of India amounted to Rs. 0.20 Cr with Charge ID 101149293 was registered on 25 Aug 2025.
Charges
A charge with State Bank Of India of Rs. 5.99 Cr registered on 15 Feb 2014 with Charge ID 10481211 was modified on 23 Jul 2025.
Filing
Associated Hospitality And Developers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 48.05 Cr with Charge ID 100913167 was registered on 18 Apr 2024.
Charges
A charge with State Bank Of India amounted to Rs. 0.30 Cr with Charge ID 100913150 was registered on 12 Feb 2024.
Charges
A charge registered on 04 Feb 2019 via Charge ID 100238770 with Others was fully satisfied on 12 Jan 2024.
Charges
A charge with State Bank Of India amounted to Rs. 0.05 Cr with Charge ID 100686020 was registered on 22 Feb 2023.
Charges
A charge registered on 11 Jan 2021 via Charge ID 100405024 with State Bank Of India was fully satisfied on 25 Aug 2022.
Charges
A charge with State Bank Of India amounted to Rs. 4.20 Cr with Charge ID 100571114 was registered on 05 May 2022.
Charges
A charge with Hdfc Bank Limited of Rs. 4.05 Cr registered on 07 Sep 2021 with Charge ID 100489320 was modified on 06 Oct 2021.
Charges
A charge registered on 02 Apr 2014 via Charge ID 10488965 with State Bank Of India was fully satisfied on 14 Sep 2021.
29 earlier events are in the company report.
Frequently asked questions
Associated Hospitality and Developers is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate financing, within the financial services industry. It was incorporated on 16 June 2006 (20+ years old) and is registered under CIN U55101MH2006PTC162648.
Associated Hospitality and Developers has 8 current directors:
- Imran Ismail Balwa - Director
- Zubair Ismail Balwa - Director
- Hussein Abdulkarim Balwa - Director
- Umar Abdulkarim Balwa - Director
- Ismail Abdulkarim Balwa - Director
- Rafiq Hussein Balwa - Director
- Sakina Abdul Karim Balwa - Director
- Sania Umar Balwa - Director
The latest financial statements of Associated Hospitality and Developers 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 2015 are in the company report.
The GSTIN of Associated Hospitality and Developers is 27AAFCA7847P1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Associated Hospitality and Developers is U55101MH2006PTC162648. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Associated Hospitality and Developers has 4 court cases on record: 2 filed by the company and 2 filed against it. 3 are pending. Most are in the district courts.
Associated Hospitality and Developers was incorporated on 16 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Associated Hospitality and Developers by revenue are Samhi Hotels (Ahmedabad) Private Limited, Pinnacle Resorts Private Limited, MPG Hotels and Infrastructure Ventures Private Limited, Today Hotels Private Limited, Alcon Resort Holdings Private Limited, all in the Consumer Services industry (Hospitality, Hotels, Real Estate Leasing), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Sania Umar Balwa ceased to be Additional Director on 29 Sep 2018. Sania Umar Balwa was appointed as Director on 26 Sep 2018. Sakina Abdul Karim Balwa was appointed as Director on 01 Oct 2010. Associated Hospitality and Developers has 12 board changes on record in total.
Yes, Associated Hospitality and Developers is registered as an MSME under Udyam registration (number: UDYAM-MH-18-0063304).
Associated Hospitality and Developers can be reached through the website balwagroup.com. Its registered office is in Mumbai, Maharashtra, India.
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