Hindustan Associates Private Limited
About Hindustan Associates Private Limited
Data last updated:
Hindustan Associates Private Limited is a private limited company based in Varanasi, Uttar Pradesh, India. It operates in the jewelry and gemstone retail and distribution segment of the consumer goods sector. It was incorporated on 30 March 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Uttar Pradesh, under CIN U74120UP2012PTC049650. Its GSTIN is 09AACCH8807M1Z3 (Uttar Pradesh).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.88 Cr. It is led by directors including Azmat Siraj Siddiqui (Managing Director) and Nasreen Siraj Siddiqui.
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 19 – A Bhuvneshwar Nagar Colony Orderly Bazar P.O. – Orderly Bazar, Varanasi, Uttar Pradesh, India – 221002.
As per the financials filed for FY 2025, the company reported a revenue of ₹512.46 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹19.21 Cr (net margin 3.7%) and EBITDA of ₹35.84 Cr (EBITDA margin 7%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 16% over five years.
The company has about 93 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹134.68 Cr and satisfied charges of ₹157.26 Cr on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Hindustan Associates Private Limited's registered office is in Varanasi, Uttar Pradesh. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address19 – A Bhuvneshwar Nagar Colony Orderly Bazar P.O. – Orderly Bazar, Varanasi, Uttar Pradesh, India – 221002
- IndustryConsumer Goods, Jewelry & Gemstone Retail & Distribution
To see the full contact details of Hindustan Associates 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 Hindustan Associates is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Hindustan Associates Private Limited, buy the company report.
Financials of Hindustan Associates Private Limited
FY 2025 filings availableHindustan Associates Private Limited reported revenue of ₹512.46 Cr (up 18% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 18% growth in the latest year. EBITDA rose 33% 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 | ₹512.46 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
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| Total Expenses | |||||
| EBITDA | ₹35.84 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19.21 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 7% | ||||
| Net Profit Margin | 3.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Hindustan Associates Private Limited, buy the company report.
Board of directors of Hindustan Associates Private Limited
Hindustan Associates has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nasreen Siraj Siddiqui | Director | 30 Mar 2012 | 14 Years 7 Months | Current |
| Atif Siddiqui | Director | 01 Jun 2012 | 14 Years 4 Months | Current |
| Azmat Siraj Siddiqui | Managing Director | 30 Mar 2012 | 14 Years 7 Months | Current |
| Aisha Musheer Fareed | Director | 01 Jun 2018 | 8 Years 4 Months | Current |
Peer comparison
Hindustan Associates Private Limited is compared with the 4 companies closest to it by revenue in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hindustan Associates Private Limitedthis company | ₹512.46 Cr (FY 2025) | ₹19.21 Cr | 3.7% | 18.0% | 93 | Varanasi, Uttar Pradesh, India |
| Shwetal Trading Private Limited | ₹444.03 Cr (FY 2025) | -30.0% | Surat, Gujarat, India | |||
| Shubh Laabh Bullion Private Limited | ₹443.03 Cr (FY 2025) | 1083.0% | Indore, Madhya Pradesh, India | |||
| Modindia Exim Private Limited | ₹422.97 Cr (FY 2024) | 61.0% | New Delhi, Delhi, India | |||
| Tirupati Gold Private Limited | ₹422.61 Cr (FY 2024) | 74.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Hindustan Associates Private Limited, buy the company report.
Auditor
Hindustan Associates Private Limited is audited by Dwijendra Kumar & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dwijendra Kumar & Co. | FY 2023 | 008561C |
Shareholding
The shareholding of Hindustan Associates 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 Hindustan Associates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2026 | 101296870 | Others | ₹6 Cr | Open | |
| 22 Sep 2025 | 101174684 | Others | ₹128.68 Cr | Open | |
| 30 Jun 2023 | 100753835 | State Bank of India | ₹14.8 Lakh | Satisfied | |
| 01 Jan 2021 | 100401574 | State Bank of India | ₹40 Lakh | Satisfied | |
| 12 Oct 2020 | 100382808 | State Bank of India | ₹97.22 Cr | Satisfied |
To see the full charge records of Hindustan Associates Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Hindustan Associates Private Limited has 3 court cases on record: 1 filed by Hindustan Associates, 2 filed against it. 2 cases are pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 1 |
| High courts | 1 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Appeal | Filed by the company against M/S Catura Tech Automation Pvt Ltd | Pending |
| District court, East, Delhi | Civil suit | Filed against the company by Catura Tech Automation Pvt Ltd | Disposed |
| District court, Agra, Uttar Pradesh | Criminal miscellaneous application | Filed against the company by Up State | Pending |
To see the full case history of Hindustan Associates 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
Hindustan Associates Private Limited was last rated by Care on 04 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 04 Mar 2022 |
To see the full credit ratings and regulatory alerts of Hindustan Associates Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Hindustan Associates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hindustan Associates Private Limited has a workforce of 93 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Hindustan Associates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AACCH8807M1Z3 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hindustan Associates Private Limited, buy the company report.
Recent activity
Hindustan Associates Private Limited has 7 board changes on record since 2012: 4 appointments and 3 cessations. The latest: Aisha Musheer Fareed ceased to be Additional Director on 29 Sep 2018.
12 earlier events are in the company report.
Frequently asked questions
Hindustan Associates is an active private limited company based in Varanasi, Uttar Pradesh, India. The company works in jewelry and gemstone retail and distribution, within the consumer goods industry. It was incorporated on 30 March 2012 (14+ years old) and is registered under CIN U74120UP2012PTC049650.
Hindustan Associates has 4 current directors:
- Azmat Siraj Siddiqui - Managing Director
- Nasreen Siraj Siddiqui - Director
- Atif Siddiqui - Director
- Aisha Musheer Fareed - Director
The latest financial statements of Hindustan Associates 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 Hindustan Associates is 09AACCH8807M1Z3, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Hindustan Associates is U74120UP2012PTC049650. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hindustan Associates has 3 court cases on record: 1 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
Hindustan Associates was incorporated on 30 March 2012, making it 14+ years old. It is registered with the Registrar of Companies, Uttar Pradesh.
The peers of Hindustan Associates by revenue are Shwetal Trading Private Limited, Shubh Laabh Bullion Private Limited, Modindia Exim Private Limited, Tirupati Gold Private Limited, all in the Consumer Products industry (Jewellery and Gems Retail and Distribution), with the same principal business activity (wholesale trading).
Aisha Musheer Fareed ceased to be Additional Director on 29 Sep 2018. Aisha Musheer Fareed was appointed as Director on 01 Jun 2018. Atif Siddiqui ceased to be Additional Director on 01 Oct 2012. Hindustan Associates has 7 board changes on record in total.
The registered office of Hindustan Associates is at 19 – A Bhuvneshwar Nagar Colony Orderly Bazar P.O. – Orderly Bazar, Varanasi, Uttar Pradesh, India – 221002.
Hindustan Associates operates in the consumer goods industry, in the jewelry and gemstone retail and distribution segment.
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