Masafi Developers Private Limited
About Masafi Developers Private Limited
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Masafi Developers 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 15 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U70102KL2008PTC021691. Its GSTIN is 32AAGCM8344L1Z7 (Kerala). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹17.75 Cr and a paid-up capital of ₹17.73 Cr. It is led by directors including Anne Kochumman Sajeev and Sajeesh.
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 Thiruvananthapuram, Kerala.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.66 Cr, a growth of 63% compared to the previous year. For the same year it recorded a net loss of ₹3.01 Cr (net margin -113.2%) and EBITDA of -₹1.66 Cr (EBITDA margin -62.5%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years and 3% over five years.
As per MCA filings, the company has satisfied charges of ₹10 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Masafi Developers Private Limited's registered office is in Thiruvananthapuram, Kerala. Its e-mail address is in the company report.
- Email
- Registered Address11/1510 – 1 Near Sumangali Kalyana Mandapam Devaswom Board Road Nanthancode Kowdi, Yar, Thiruvananthapuram, Kerala, India – 695003
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Masafi Developers 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 Masafi Developers 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. |
To see the full business activity and turnover split of Masafi Developers Private Limited, buy the company report.
Financials of Masafi Developers Private Limited
FY 2024 filings availableMasafi Developers Private Limited reported revenue of ₹2.66 Cr (up 63% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 63% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA rose 1% 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
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| EBITDA | -₹1.66 Cr | ||||
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| Net Profit (PAT) | -₹3.01 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | -62.5% | ||||
| Net Profit Margin | -113.2% | ||||
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To see the full financial statements and ratios of Masafi Developers Private Limited, buy the company report.
Board of directors of Masafi Developers Private Limited
Masafi Developers has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anne Kochumman Sajeev Also directs: Aroma Health Care LLP, Kollam Agro Development Private Limited, Aroma Horticulture Products Private Limited and 5 more | Director | 23 Nov 2010 | 15 Years 11 Months | Current |
| Sajeesh | Director | 10 Oct 2016 | 10 Years 0 Months | Current |
| Pezhuvila Sajeev Kochumman Also directs: Aroma Health Care LLP, Kollam Agro Development Private Limited, Aroma Horticulture Products Private Limited and 5 more | Director | 23 Nov 2010 | 15 Years 11 Months | Current |
Peer comparison
Masafi Developers Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Highway Entertainments Private Limited | ₹2.67 Cr (FY 2024) | 26.0% | Talwandi Bhai, Punjab, India | |||
| Religiosa Tree Project Private Limited | ₹2.67 Cr (FY 2025) | 28.0% | Delhi, India | |||
| B V P K Hotels Private Limited | ₹2.66 Cr (FY 2025) | -28.0% | Katra, Jammu and Kashmir, India | |||
| Midhome Hotels Private Limited | ₹2.66 Cr (FY 2025) | 19.0% | Secunderabad, Telangana, India | |||
| Masafi Developers Private Limitedthis company | ₹2.66 Cr (FY 2022) | -₹3.01 Cr | -113.2% | 63.0% | Thiruvananthapuram, Kerala, India | |
| Trishul Mountain Hotels Private Limited | ₹2.66 Cr (FY 2020) | -27.0% | Tiruvannamalaidd, Tamil Nadu, India | |||
| Yn Hotels Private Limited | ₹2.66 Cr (FY 2019) | 5968.0% | Bangalore, Karnataka, India | |||
| Roshan Resorts Private Limited | ₹2.65 Cr (FY 2024) | -13.0% | Himachal Pradesh, India |
To see the full peer comparison of Masafi Developers Private Limited, buy the company report.
Auditor
Masafi Developers Private Limited is audited by RANGAMANI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RANGAMANI & CO | FY 2019 | 003052S |
Shareholding
The shareholding of Masafi Developers Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Masafi Developers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Aug 2015 | 10595473 | The Federal Bank Limited | ₹10 Cr | Satisfied |
To see the full charge records of Masafi Developers Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Masafi Developers Private Limited has 4 court cases on record: 1 filed by Masafi Developers, 3 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 2 |
| High courts | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Civil suit | Filed against the company by Amitus Interior Solutions Pvt Ltd | Disposed |
| District court, Ernakulam, Kerala | Court case (OP MV) | Filed against the company by an individual | Pending |
| District court, Ernakulam, Kerala | Court case (OP MV) | Filed against the company by an individual | Pending |
| High Court | Writ petition | Filed by the company against individuals | Disposed |
To see the full case history of Masafi 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.
Credit ratings & regulatory alerts
Masafi Developers Private Limited was last rated by Crisil on 16 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 16 Mar 2020 |
To see the full credit ratings and regulatory alerts of Masafi Developers Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Masafi Developers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Masafi Developers has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAGCM8344L1Z7 | Kerala | Active | 01 Jul 2017 |
| 32AAGCM8344L3Z5 | Kerala | Active | 20 Apr 2018 |
| 32AAGCM8344L4Z4 | Kerala | Active | 25 Nov 2020 |
To see the full GST registrations and return filing status of Masafi Developers Private Limited, buy the company report.
Recent activity
Masafi Developers Private Limited has 6 board changes on record since 2010: 4 appointments and 2 cessations. The latest: Nikunj Haresh Gatecha was appointed as Company Secretary on 21 Aug 2024.
Frequently asked questions
Masafi Developers 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 15 January 2008 (18+ years old) and is registered under CIN U70102KL2008PTC021691.
Masafi Developers has 3 current directors:
- Anne Kochumman Sajeev - Director
- Sajeesh - Director
- Pezhuvila Sajeev Kochumman - Director
The latest financial statements of Masafi Developers 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 Masafi Developers is 32AAGCM8344L1Z7, registered in Kerala. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 32AAGCM8344L3Z5 (Kerala), 32AAGCM8344L4Z4 (Kerala).
The CIN (Corporate Identification Number) of Masafi Developers is U70102KL2008PTC021691. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Masafi Developers has 4 court cases on record: 1 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Masafi Developers was incorporated on 15 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Masafi Developers by revenue are Highway Entertainments Private Limited, Religiosa Tree Project Private Limited, B V P K Hotels Private Limited, Midhome Hotels Private Limited, Trishul Mountain Hotels Private Limited and 2 more, all in the Consumer Services industry (Hotels), with the same principal business activity (accommodation services provided by hotel, inns, resorts, holiday homes, hostel, etc.).
Nikunj Haresh Gatecha was appointed as Company Secretary on 21 Aug 2024. Sajeesh was appointed as Director on 10 Oct 2016. Abdulla Zubair ceased to be Director on 02 Jan 2011. Masafi Developers has 6 board changes on record in total.
The registered office of Masafi Developers is at 111510 – 1 Near Sumangali Kalyana Mandapam Devaswom Board Road Nanthancode Kowdi, Yar, Thiruvananthapuram, Kerala, India – 695003.
Masafi Developers operates in the travel and hospitality industry, in the hotel and accommodation services segment.