About Target Associates Private Limited
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Target Associates Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Featherlite Products Private Limited. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 15 February 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51102KA2005PTC035608. Its GSTIN is 29AACCT2033R1ZX (Karnataka).
The company has an authorised share capital of ₹31 Cr and a paid-up capital of ₹30.08 Cr. It is led by directors including Jawahar Gopal and Aditya Manohar Chellaram.
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 No. 14 Bhattrahalli Old Madras Road K.R. Puram, Bangalore, Karnataka, India – 560049.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.3 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹1.35 Cr (net margin 10.1%) and EBITDA of ₹2.17 Cr (EBITDA margin 16.3%). Revenue has declined at a compounded annual rate (CAGR) of 53% over three years and 7% over five years.
The company has about 61 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Evoma. As per MCA filings, the company has open charges of ₹28.75 Cr and satisfied charges of ₹36.7 Cr on record. Court records list 11 cases involving the company, including 9 filed by the company and 2 filed against it; 2 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in December 2005.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website evoma.com.
Company details
Contact details
Target Associates Private Limited's registered office is in Bangalore, Karnataka. Its website is evoma.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 14 Bhattrahalli Old Madras Road K.R. Puram, Bangalore, Karnataka, India – 560049
- IndustryTravel and Hospitality, Hotel & Accommodation Services, Guest Houses & Budget Stays
To see the full contact details of Target 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 activities of Target Associates are real estate and accommodation and food service. In detail, this covers real estate activities with own or leased property 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 |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | |
| 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 Target Associates Private Limited, buy the company report.
Financials of Target Associates Private Limited
FY 2025 filings availableTarget Associates Private Limited reported revenue of ₹13.3 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 10% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA fell 17% 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 | ₹2.17 Cr | ||||
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| Net Profit (PAT) | ₹1.35 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 16.3% | ||||
| Net Profit Margin | 10.1% | ||||
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To see the full financial statements and ratios of Target Associates Private Limited, buy the company report.
Board of directors of Target Associates Private Limited
Target Associates has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jawahar Gopal Also directs: Classic Featherlite Waterfront Developers LLP, Classic Ventures LLP, Innovative Quest LLP and 5 more | Director | 15 Feb 2005 | 21 Years 8 Months | Current |
| Aditya Manohar Chellaram Also directs: Featherlite Realty LLP, Featherlite Products Private Limited, Featherlite Office Systems Private Limited and 5 more | Director | 24 Sep 2020 | 6 Years 0 Months | Current |
| Kush Jawahar Also directs: Featherlite Realty LLP, Featherlite Products Private Limited, Featherlite Office Systems Private Limited and 5 more | Director | 01 Apr 2017 | 9 Years 6 Months | Current |
Auditor
Target Associates Private Limited is audited by S S B & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S S B & ASSOCIATES | FY 2021 | 010372S |
Shareholding
The shareholding of Target Associates Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Target Associates Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Feb 2019 | 100241205 | Hdfc Bank Limited | ₹12.5 Cr | Open | |
| 17 Jul 2012 | 10369277 | The Bharat Co-Operative Bank(Mumbai) Ltd | ₹16.25 Cr | Open | |
| 31 Aug 2015 | 10588332 | Bajaj Finance Limited | ₹12.5 Cr | Satisfied | |
| 13 Jan 2006 | 80018016 | Canara Bank | ₹24.2 Cr | Satisfied |
To see the full charge records of Target Associates Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Target Associates Private Limited has 1 deal on record (1 secondary share transfer); the latest was in December 2005.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2005 | Secondary share transfer | Undisclosed | Buyer: Evoma Facilities (India) Private Limited , Featherlite Products Private Limited Seller: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Target Associates Private Limited has 11 court cases on record: 9 filed by Target Associates, 2 filed against it. 2 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 0 | 2 |
| District courts | 3 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against Government of Karnataka | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Government of Karnataka | Disposed |
| High Court | Writ petition | Filed by the company against individuals | Pending |
| High Court | Appeal | Filed by the company against individuals | Pending |
| Supreme Court | Court case (0310-Direct Taxes Matter : Property Tax) | Filed against the company by Bruhat Bangalore Mahanagara Palike Commissioner N.R. Square ,Bangalore , Karnataka | Disposed |
To see the full case history of Target 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Target Associates Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Target Associates Private Limited has a workforce of 61 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Target Associates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCT2033R1ZX | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Target Associates Private Limited, buy the company report.
Recent activity
Target Associates Private Limited has 8 board changes on record since 2005: 3 appointments and 5 cessations. The latest: Sriram Narayanaswamy ceased to be Company Secretary on 29 Jul 2022.
7 earlier events are in the company report.
Frequently asked questions
Target Associates is an active private limited company based in Bangalore, Karnataka, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 15 February 2005 (21+ years old) and is registered under CIN U51102KA2005PTC035608.
Target Associates has 3 current directors:
- Jawahar Gopal - Director
- Aditya Manohar Chellaram - Director
- Kush Jawahar - Director
The latest financial statements of Target 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 Target Associates is 29AACCT2033R1ZX, registered in Karnataka.
The CIN (Corporate Identification Number) of Target Associates is U51102KA2005PTC035608. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Target Associates has 11 court cases on record: 9 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
Target Associates was incorporated on 15 February 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.
Target Associates has 1 deal on record (1 secondary share transfer); the latest was in December 2005.
Sriram Narayanaswamy ceased to be Company Secretary on 29 Jul 2022. Ashok Nana Vohra ceased to be Director on 26 Mar 2021. Aditya Manohar Chellaram ceased to be Additional Director on 31 Dec 2020. Target Associates has 8 board changes on record in total.
Target Associates can be reached through the website evoma.com. Its registered office is in Bangalore, Karnataka, India.