About Hotel Balwas Private Limited
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Hotel Balwas Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 24 January 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U55101MH2002PTC143937. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Itsquare Software Solutions Private Limited. It is led by directors Salim Balwa Usman and Mohammed Salim 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 265 – E Bellasis Road Opp. Best Bus Depot Mumbai Central, Maharashtra, India – 400008.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.81 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹1.07 Cr (net margin -22.2%) and EBITDA of -₹50.39 Lakh (EBITDA margin -10.5%). Revenue has grown at a compounded annual rate (CAGR) of 37% over three years and 11% over five years.
The company has about 21 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.69 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website balwas.co.in.
Company details
CIN history
Hotel Balwas has one previous CIN (Corporate Identification Number): U72200MH2002PTC143937. The current CIN is U55101MH2002PTC143937, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U55101MH2002PTC143937 | Current |
| U72200MH2002PTC143937 | Previous |
Contact details
Hotel Balwas Private Limited's registered office is in Mumbai, Maharashtra. Its website is balwas.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address265 – E Bellasis Road Opp. Best Bus Depot Mumbai Central, Maharashtra, India – 400008
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Hotel Balwas 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 Hotel Balwas is accommodation and food service activities. In detail, this covers accommodation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food service activities | 55 | Accommodation |
To see the full business activity and turnover split of Hotel Balwas Private Limited, buy the company report.
Financials of Hotel Balwas Private Limited
FY 2025 filings availableHotel Balwas Private Limited reported revenue of ₹4.81 Cr (down 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 23% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 147% 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 | -₹50.39 Lakh | ||||
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| Net Profit (PAT) | -₹1.07 Cr | ||||
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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 | -10.5% | ||||
| Net Profit Margin | -22.2% | ||||
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To see the full financial statements and ratios of Hotel Balwas Private Limited, buy the company report.
Board of directors of Hotel Balwas Private Limited
Hotel Balwas has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Salim Balwa Usman Also directs: DB Realty and Shreepati Infrastructures LLP, Neelkamal Central Appartment LLP, Innovation Erectors LLP and 5 more | Additional Director | 22 Jan 2010 | 16 Years 9 Months | Current |
| Mohammed Salim Balwa | Additional Director | 01 Sep 2025 | 1 Years 1 Months | Current |
Auditor
Hotel Balwas Private Limited is audited by B B JAIN & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B B JAIN & ASSOCIATES | FY 2018 | 103889W |
Shareholding
The shareholding of Hotel Balwas Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Hotel Balwas Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Nov 2025 | 101197360 | Indian Overseas Bank | ₹69 Lakh | Open | |
| 23 Jan 2025 | 101041816 | Indian Overseas Bank | ₹2 Cr | Open |
Total charge records: 2 View all charges
Legal cases
Hotel Balwas Private Limited has 1 court case on record: 1 filed by Hotel Balwas. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against an individual | Pending |
To see the full case history of Hotel Balwas 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 Hotel Balwas Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Hotel Balwas Private Limited has a workforce of 21 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.
GST
Hotel Balwas has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Hotel Balwas Private Limited, buy the company report.
Recent activity
Hotel Balwas Private Limited has 8 board changes on record since 2010: 3 appointments and 5 cessations. The latest: Mohammed Salim Balwa was appointed as Additional Director on 01 Sep 2025.
1 earlier event is in the company report.
Frequently asked questions
Hotel Balwas 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 24 January 2002 (24+ years old) and is registered under CIN U55101MH2002PTC143937.
Hotel Balwas has 2 current directors:
- Salim Balwa Usman - Additional Director
- Mohammed Salim Balwa - Additional Director
The latest financial statements of Hotel Balwas 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.
No. Hotel Balwas has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Hotel Balwas is U55101MH2002PTC143937. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hotel Balwas has 1 court case on record: 1 filed by the company. 1 is pending.
Hotel Balwas was incorporated on 24 January 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
Mohammed Salim Balwa was appointed as Additional Director on 01 Sep 2025. Amin Abdul Kodiwal ceased to be Additional Director on 30 Sep 2018. Amin Abdul Kodiwal was appointed as Director on 17 Feb 2018. Hotel Balwas has 8 board changes on record in total.
Hotel Balwas can be reached through the website balwas.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Hotel Balwas is at 265 – E Bellasis Road Opp. Best Bus Depot Mumbai Central, Maharashtra, India – 400008.