MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0074653
Associated Hospitality Private Limited - travel and hospitality in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹75.96 Cr
▲ 11% YoY
Net profit · FY 2025
₹9.45 Cr
Net margin 12.4%
EBITDA · FY 2025
₹28.24 Cr
EBITDA margin 37.2%
Authorised capital
₹14.55 Cr
Registered with MCA
Paid-up capital
₹14.27 Cr
Issued & subscribed
Open charges
₹87.51 Cr
Satisfied ₹99.22 Cr
Company age
14 yrs
Est. 2012
Employees · EPFO
150
Provident fund records
About Associated Hospitality Private Limited
Data last updated:
Associated Hospitality Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Associated Hospitality And Developers Private Limited. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 09 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH2012PTC233150. Its GSTIN is 27AAKCA7163R1ZV (Maharashtra).
The company has an authorised share capital of ₹14.55 Cr and a paid-up capital of ₹14.27 Cr. It is led by directors including Hussein Abdulkarim Balwa and Umar Abdulkarim Balwa.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹75.96 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹9.45 Cr (net margin 12.4%) and EBITDA of ₹28.24 Cr (EBITDA margin 37.2%). Revenue has grown at a compounded annual rate (CAGR) of 624% 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 ₹87.51 Cr and satisfied charges of ₹99.22 Cr on record. Court records list 1 case involving the company, including 1 filed against it; 1 case is pending. The company has 5 deals on record (3 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹11 Cr; the latest was in September 2019. Its 3 peer companies in the Consumer Services industry (Hospitality, Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.) are compared by revenue, 1 larger and 2 smaller; the largest is Bihar Hotels Limited with revenue of ₹76.49 Cr.
Associated Hospitality Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0074653). 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 U55101MH2012PTC233150
Registration Number 233150
Incorporation Date 09 July 2012
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Associated Hospitality And Developers Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0074653
Key People
Hussein Abdulkarim Balwa Director Umar Abdulkarim Balwa Director Ismail Abdulkarim Balwa Director Recognitions & Rankings of Associated Hospitality
Contact details
Associated Hospitality 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
- Social Media
- Registered Address4th Floor Techniplex – I Techniplex Complex Off Veer Savarkar Flyover Goregaon (Wes, T), Mumbai, Maharashtra, India – 400062
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Associated Hospitality Private Limited, buy the company report.
Comprehensive company report
Associated Hospitality 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 activity of Associated Hospitality is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc..
| 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. |
Financials of Associated Hospitality Private Limited
FY 2024 filings availableAssociated Hospitality Private Limited reported revenue of ₹75.96 Cr (up 11% YoY) for FY 2025.
Revenue · FY 2025
₹75.96 Cr ▲ 11%
Net profit · FY 2025
₹9.45 Cr margin 12.4%
EBITDA · FY 2025
₹28.24 Cr margin 37.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 11%
5 years · compounded
▲ 624%
EBITDA CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 543%
5 years · compounded
▲ 182%
Revenue has grown at a compounded annual rate (CAGR) of 624% over five years, including 11% growth in the latest year. EBITDA fell 10% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹28.24 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.45 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 37.2% | ||||
| Net Profit Margin | 12.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Associated Hospitality Private Limited, buy the company report.
Board of directors of Associated Hospitality Private Limited
Associated Hospitality has 5 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 |
|---|---|---|---|---|
| Hussein Abdulkarim Balwa Also directs: Bayone Realty LLP, Meetha Fusion Foods Private Limited, Pastonji Foods Private Limited and 5 more | Director | 09 Jul 2012 | 14 Years 3 Months | Current |
| Umar Abdulkarim Balwa Also directs: Meetha Fusion Foods Private Limited, Pastonji Foods Private Limited, Panetteria Foods Private Limited and 5 more | Director | 09 Jul 2012 | 14 Years 3 Months | Current |
| Ismail Abdulkarim Balwa Also directs: Bayone Realty LLP, Meetha Fusion Foods Private Limited, Pastonji Foods Private Limited and 5 more | Director | 09 Jul 2012 | 14 Years 3 Months | Current |
| Vipinchandra Mangaldas Chokhawala Also directs: Rentio Foods Private Limited | Director | 28 May 2021 | 5 Years 5 Months | Current |
| Rafiq Hussein Balwa Also directs: Meetha Fusion Foods Private Limited, Pastonji Foods Private Limited, Panetteria Foods Private Limited and 5 more | Director | 02 Jan 2017 | 9 Years 10 Months | Current |
Peer comparison
Associated Hospitality Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Services industry (Hospitality, Hotels), 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 |
|---|---|---|---|---|---|---|
| Bihar Hotels Limited | ₹76.49 Cr (FY 2025) | 20.0% | Patna, Bihar, India | |||
| Associated Hospitality Private Limitedthis company | ₹75.96 Cr (FY 2025) | ₹9.45 Cr | 12.4% | 11.0% | 150 | Mumbai, Maharashtra, India |
| Suraj Inn Private Limited | ₹75.89 Cr (FY 2025) | 15.0% | Bangalore, Karnataka, India | |||
| Kafila Hospitality and Travels Private Limited | ₹75.57 Cr (FY 2025) | 9.0% | New Delhi, Delhi, India |
To see the full peer comparison of Associated Hospitality Private Limited, buy the company report.
Auditor
Associated Hospitality Private Limited is audited by R. R. Shah & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. R. Shah & Associates | FY 2023 | 112007W |
Shareholding
The shareholding of Associated Hospitality 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 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Associated Hospitality Private Limited, buy the company report.
Charges & borrowings
Open charges
₹87.51 Cr
Satisfied charges
₹99.22 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Aug 2025 | 101149296 | State Bank of India | ₹40 Lakh | Open | |
| 18 Apr 2024 | 100913162 | Sbicap Trustee Company Limited | ₹86.67 Cr | Open | |
| 06 Apr 2024 | 100903701 | State Bank of India | ₹4.51 Lakh | Open | |
| 11 Mar 2022 | 100552757 | State Bank of India | ₹38.59 Lakh | Open | |
| 19 Sep 2020 | 100370892 | State Bank of India | ₹50,000 | Open |
To see the full charge records of Associated Hospitality Private Limited, buy the company report.
Total charge records: 16 View all charges
Deals & funding
Associated Hospitality Private Limited has 5 deals on record (3 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹11 Cr; the latest was in September 2019.
Total deals
5
Funding rounds
3
Rights issue
1
Secondary share transfer
1
Disclosed funding
₹11 Cr
Deals on record (3 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2019 | Secondary share transfer | Undisclosed | Buyer: Associated Hospitality and Developers Private Limited , an individual Seller: AKBG Investments, an individual |
| Dec 2018 | Funding round | ₹67.4 Lakh | Investors: an individual |
| Nov 2018 | Rights issue | ₹19.95 Cr | Investors: Associated Hospitality and Developers Private Limited , 3 individuals |
To see the full deal history of Associated Hospitality Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Associated Hospitality Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Total cases
1
Filed against the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed against the company by an individual | Pending |
To see the full case history of Associated Hospitality 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.
Credit ratings & regulatory alerts
Associated Hospitality Private Limited was last rated by Crisil on 04 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 04 Jun 2021 |
To see the full credit ratings and regulatory alerts of Associated Hospitality Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Associated Hospitality Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Associated Hospitality Private Limited has a workforce of 150 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
150
Active EPFO establishments
1
Employee growth
28.21%
GST
Associated Hospitality has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCA7163R1ZV | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Associated Hospitality Private Limited, buy the company report.
Recent activity
Associated Hospitality Private Limited has 9 board changes on record since 2012: 5 appointments and 4 cessations. The latest: Vipinchandra Mangaldas Chokhawala ceased to be Additional Director on 13 Nov 2021.
Charges
A charge with State Bank Of India amounted to Rs. 0.40 Cr with Charge ID 101149296 was registered on 25 Aug 2025.
Charges
A charge registered on 11 Nov 2021 via Charge ID 100506341 with State Bank Of India was fully satisfied on 21 Aug 2025.
AGM
Associated Hospitality Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Sbicap Trustee Company Limited of Rs. 86.67 Cr registered on 18 Apr 2024 with Charge ID 100913162 was modified on 29 Apr 2024.
Charges
A charge registered on 19 Jun 2021 via Charge ID 100470799 with State Bank Of India was fully satisfied on 29 Apr 2024.
Charges
A charge registered on 21 Jan 2019 via Charge ID 100243160 with State Bank Of India was fully satisfied on 29 Apr 2024.
Charges
A charge with Sbicap Trustee Company Limited amounted to Rs. 86.67 Cr with Charge ID 100913162 was registered on 18 Apr 2024.
Charges
A charge with State Bank Of India amounted to Rs. 0.05 Cr with Charge ID 100903701 was registered on 06 Apr 2024.
Filing
Associated Hospitality Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 31 Mar 2021 via Charge ID 100435364 with State Bank Of India was fully satisfied on 21 Feb 2024.
Charges
A charge registered on 11 Jan 2021 via Charge ID 100405022 with State Bank Of India was fully satisfied on 21 Feb 2024.
Charges
A charge registered on 16 Sep 2020 via Charge ID 100370890 with State Bank Of India was fully satisfied on 21 Feb 2024.
30 earlier events are in the company report.
Frequently asked questions
Associated Hospitality is an active private limited company based in Mumbai, Maharashtra, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 09 July 2012 (14+ years old) and is registered under CIN U55101MH2012PTC233150.
Associated Hospitality has 5 current directors:
- Hussein Abdulkarim Balwa - Director
- Umar Abdulkarim Balwa - Director
- Ismail Abdulkarim Balwa - Director
- Vipinchandra Mangaldas Chokhawala - Director
- Rafiq Hussein Balwa - Director
The latest financial statements of Associated Hospitality on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Associated Hospitality is 27AAKCA7163R1ZV, registered in Maharashtra.
The CIN (Corporate Identification Number) of Associated Hospitality is U55101MH2012PTC233150. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Associated Hospitality has 1 court case on record: 1 filed against it. 1 is pending.
Associated Hospitality was incorporated on 09 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Associated Hospitality has 5 deals on record (3 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹11 Cr; the latest was in September 2019.
The peers of Associated Hospitality by revenue are Bihar Hotels Limited, Suraj Inn Private Limited, Kafila Hospitality and Travels Private Limited, all in the Consumer Services industry (Hospitality, Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Vipinchandra Mangaldas Chokhawala ceased to be Additional Director on 13 Nov 2021. Vipinchandra Mangaldas Chokhawala was appointed as Director on 28 May 2021. Rafiq Hussein Balwa ceased to be Additional Director on 29 Sep 2017. Associated Hospitality has 9 board changes on record in total.
Yes, Associated Hospitality is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0074653).
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