MSME (Udyam registered) Ministry of MSME
- Category
- Small (2022-23)
- Udyam number
- UDYAM-KL-12-0004187
Floatels India Private Limited - travel and hospitality in Thiruvananthapuram, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹20.11 Cr
▲ 9% YoY
Net loss · FY 2025
₹7.43 Lakh
Net margin -0.4%
EBITDA · FY 2025
₹4.33 Cr
EBITDA margin 21.5%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹8.72 Cr
Issued & subscribed
Open charges
₹31.94 Cr
Satisfied ₹85.73 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
56
Provident fund records
About Floatels India Private Limited
Data last updated:
Floatels India Private Limited is a private limited company based in Thiruvananthapuram, Kerala, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 10 April 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U55101KL1996PTC010277. Its GSTIN is 32AAACF4323L1ZX (Kerala). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹8.72 Cr. It was formerly known as Floatel India Private Limited. It is led by directors including Mavelikalam Ramakrishnan Narayanan (Managing Director) and Kabeen Khadar Kabeer (Managing Director).
Its last annual general meeting (AGM) was held on 28 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Kp 7/911 Pozhiyoor P.O Kulathur Village Neyyattinkara Taluk, Thiruvananthapuram, Kerala, India – 695513.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.11 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹7.43 Lakh (net margin -0.4%) and EBITDA of ₹4.33 Cr (EBITDA margin 21.5%). Revenue has grown at a compounded annual rate (CAGR) of 39% over three years and 2% over five years.
The company has about 56 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Poovar Island Resort. As per MCA filings, the company has open charges of ₹31.94 Cr and satisfied charges of ₹85.73 Cr on record. Court records list 27 cases involving the company, including 22 filed by the company and 5 filed against it; 1 case is pending.
Floatels India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-12-0004187). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website poovarislandresorts.com.
Company details
CIN U55101KL1996PTC010277
Registration Number 010277
Incorporation Date 10 April 1996
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 28 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KL-12-0004187
Key People
Mavelikalam Ramakrishnan Narayanan Managing Director Kabeen Khadar Kabeer Managing Director Mohammed Kunju Zeenath Beevi Director Recognitions & Rankings of Floatels India
Contact details
Floatels India Private Limited's registered office is in Thiruvananthapuram, Kerala. Its website is poovarislandresorts.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressKp 7/911 Pozhiyoor P.O Kulathur Village Neyyattinkara Taluk, Thiruvananthapuram, Kerala, India – 695513
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Floatels India Private Limited, buy the company report.
Comprehensive company report
Floatels India 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Floatels India operates one associated brand: Poovar Island Resort. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Luxury resort providing accommodations, ayurveda therapies, dining, and activities in Kerala. | poovarislandresorts.com |
Business activity
The main business activity of Floatels India is accommodation and food service. In detail, this covers accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc. and food and beverage services provided by hotels, restaurants, caterers, etc.. 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. | |
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. |
To see the full business activity and turnover split of Floatels India Private Limited, buy the company report.
Financials of Floatels India Private Limited
FY 2024 filings availableFloatels India Private Limited reported revenue of ₹20.11 Cr (up 9% YoY) for FY 2025.
Revenue · FY 2025
₹20.11 Cr ▲ 9%
Net loss · FY 2025
₹7.43 Lakh margin -0.4%
EBITDA · FY 2025
₹4.33 Cr margin 21.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 39%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 42%
5 years · compounded
▲ 7%
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years, including 9% growth in the latest year. EBITDA fell 7% 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 | ₹4.33 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹7.43 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.5% | ||||
| Net Profit Margin | -0.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| 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 Floatels India Private Limited, buy the company report.
Board of directors of Floatels India Private Limited
Floatels India has 5 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mavelikalam Ramakrishnan Narayanan Also directs: Adtech Systems Limited, Trans Float Solar Private Limited, Aptmicro Solutions Limited and 5 more | Managing Director | 19 Feb 2003 | 23 Years 8 Months | Current |
| Mohammed Kunju Zeenath Beevi | Director | 30 Sep 1997 | 29 Years 0 Months | Current |
| Jayawickrama Chrisanthus Mohan Susith Also directs: Kavvayi Beach Resort Private Limited, Perumbalam Resorts Private Limited, PR Holiday Homes Private Limited and 2 more | Director | 12 Jul 2015 | 11 Years 3 Months | Current |
| Kabeen Khadar Kabeer Also directs: Transmatic Systems Private Limited, Floatels Constructions India Private Limited, Kavvayi Beach Resort Private Limited and 4 more | Managing Director | 22 May 2004 | 22 Years 5 Months | Current |
| Kabeer Khader Meera Rawther Also directs: Transmatic Systems Private Limited, Floatels Constructions India Private Limited, Floatels Engineering Private Limited and 5 more | Director | 25 Feb 2003 | 23 Years 7 Months | Current |
Peer comparison
Floatels India Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Services industry (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 |
|---|---|---|---|---|---|---|
| Brahma Garden Hotels and Resorts Private Limited | ₹20.17 Cr (FY 2025) | 9.0% | Pune, Maharashtra, India | |||
| Sumi Yashshree Hotels & Resorts Private Limited | ₹20.14 Cr (FY 2023) | 137.0% | Siliguri, West Bengal, India | |||
| Pandyan Hotels Limited | ₹20.14 Cr (FY 2025) | -2.0% | Madurai, Tamil Nadu, India | |||
| Floatels India Private Limitedthis company | ₹20.11 Cr (FY 2025) | -₹7.43 Lakh | -0.4% | 9.0% | 56 | Thiruvananthapuram, Kerala, India |
| J & K Heritage Resorts Private Limited | ₹20.04 Cr (FY 2024) | 5.0% | Jammu, Jammu and Kashmir, India | |||
| Bhoomi Hotels Private Limited | ₹20.01 Cr (FY 2025) | 8.0% | Rajkot, Gujarat, India |
To see the full peer comparison of Floatels India Private Limited, buy the company report.
Auditor
Floatels India Private Limited is audited by Varma and Varma, Chartered Accountants for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Varma and Varma, Chartered Accountants | FY 2023 | 004532S |
Shareholding
The shareholding of Floatels India 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 Floatels India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹31.94 Cr
Satisfied charges
₹85.73 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Oct 2025 | 101189893 | Others | ₹30 Lakh | Open | |
| 27 May 2025 | 101139397 | Hdfc Bank Limited | ₹35.96 Lakh | Open | |
| 28 Dec 2024 | 101033192 | Others | ₹4 Cr | Open | |
| 21 Aug 2024 | 100962421 | Others | ₹2 Cr | Open | |
| 28 Jun 2024 | 100958000 | Dhanlaxmi Bank Limited | ₹13 Lakh | Open |
To see the full charge records of Floatels India Private Limited, buy the company report.
Total charge records: 44 View all charges
Legal cases
Floatels India Private Limited has 27 court cases on record: 22 filed by Floatels India, 5 filed against it. 1 case is pending and 26 are disposed.
Total cases
27
Filed by the company
22
Filed against the company
5
Pending
1
Disposed
26
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 26 | 4 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, Kerala | Appeal | Filed against the company by M/S.Radison Island Ayurvedic Resorts Poovar Private Ltd. and 2 others | Disposed |
| High Court | Appeal | Filed by the company against M/S. Thomas Holidays & Resorts India Pvt. Ltd. and 4 others | Disposed |
| High Court | Writ petition | Filed by the company against Smile Direct Resorts Pvt Ltd.Having Its and 5 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed against the company by Impact Safety Glass Works Pvt.Ltd. | Disposed |
| High Court | Writ petition | Filed by the company against individuals | Pending |
To see the full case history of Floatels India 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
Floatels India Private Limited was last rated by Crisil on 06 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 06 Nov 2020 |
To see the full credit ratings and regulatory alerts of Floatels India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Floatels India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Floatels India has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Poovar Ayurveda Centre and Hospital Private Limited | U51909KL1996PTC010057 |
To see the full group structure of Floatels India Private Limited, buy the company report.
Employees & EPFO
Floatels India Private Limited has a workforce of 56 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
56
Active EPFO establishments
1
Employee growth
7.69%
GST
Floatels India has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAACF4323L1ZX | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Floatels India Private Limited, buy the company report.
Recent activity
Floatels India Private Limited has 13 board changes on record since 1997: 5 appointments and 8 cessations. The latest: Kabeen Khadar Kabeer ceased to be Director on 20 Jul 2022.
Charges
A charge with Others amounted to Rs. 0.30 Cr with Charge ID 101189893 was registered on 27 Oct 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.36 Cr with Charge ID 101139397 was registered on 27 May 2025.
Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 101033192 was registered on 28 Dec 2024.
AGM
Floatels India Private Limited last Annual general meeting of members was held on 28 Sep 2024 as per latest MCA records.
Charges
A charge registered on 08 Sep 2023 via Charge ID 100783467 with Others was fully satisfied on 02 Sep 2024.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100962421 was registered on 21 Aug 2024.
Charges
A charge with Dhanlaxmi Bank Limited amounted to Rs. 0.13 Cr with Charge ID 100958000 was registered on 28 Jun 2024.
Filing
Floatels India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ernakulam.
Charges
A charge with Dhanlaxmi Bank Limited amounted to Rs. 0.15 Cr with Charge ID 100889429 was registered on 20 Jan 2024.
Charges
A charge with Others amounted to Rs. 2.00 Cr with Charge ID 100806040 was registered on 08 Sep 2023.
Charges
A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100783467 was registered on 08 Sep 2023.
Ceased
Kabeen Khadar Kabeer ceased to be Director.
101 earlier events are in the company report.
Frequently asked questions
Floatels India is an active private limited company based in Thiruvananthapuram, Kerala, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 10 April 1996 (30+ years old) and is registered under CIN U55101KL1996PTC010277.
Floatels India has 5 current directors:
- Mavelikalam Ramakrishnan Narayanan - Managing Director
- Kabeen Khadar Kabeer - Managing Director
- Mohammed Kunju Zeenath Beevi - Director
- Jayawickrama Chrisanthus Mohan Susith - Director
- Kabeer Khader Meera Rawther - Director
The latest financial statements of Floatels India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Floatels India is 32AAACF4323L1ZX, registered in Kerala. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Floatels India is U55101KL1996PTC010277. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Floatels India has 27 court cases on record: 22 filed by the company and 5 filed against it. 1 is pending. Most are in the high courts.
Floatels India was incorporated on 10 April 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Floatels India by revenue are Brahma Garden Hotels and Resorts Private Limited, Sumi Yashshree Hotels & Resorts Private Limited, Pandyan Hotels Limited, J & K Heritage Resorts Private Limited, Bhoomi Hotels Private Limited, all in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Kabeen Khadar Kabeer ceased to be Director on 20 Jul 2022. Jayawickrama Chrisanthus Mohan Susith ceased to be Additional Director on 30 Sep 2015. Hapugoda Srilal Malin ceased to be Director on 12 Jul 2015. Floatels India has 13 board changes on record in total.
Yes, Floatels India is registered as a small enterprise under Udyam registration (number: UDYAM-KL-12-0004187).
Floatels India can be reached through the website poovarislandresorts.com. Its registered office is in Thiruvananthapuram, Kerala, India.