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. Its 10 peer companies in the Consumer Services industry (Guest Houses, Hotels) are compared by revenue, 5 larger and 5 smaller; the largest is Junglehomes Holidays Private Limited with revenue of ₹13.35 Cr.
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.
- EmailLocked
- TelephoneLocked
- 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
- 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
- One PDF report, delivered after checkout
Business Activity of Target Associates Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | Locked |
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Target Associates Private Limited FY 2025 filings available
Target Associates Private Limited reported revenue of ₹13.3 Cr (up 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Target Associates Private Limited
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 of Target Associates Private Limited
| 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 | ₹2.17 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.35 Cr | •••• | •••• | •••• | •••• |
| 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 of Target Associates Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 10.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Target Associates are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
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 |
Peer Comparison of Target Associates Private Limited
Target Associates Private Limited is compared with the companies closest to it by revenue in the Consumer Services industry (Guest Houses, Hotels). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Junglehomes Holidays Private Limited | ₹13.35 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Jaipur, Rajasthan, India |
| Staymaster Services Private Limited | ₹13.35 Cr (FY 2024) | •••• | •••• | 151.0% | •••• | Panaji, Goa, India |
| Aivot Golf & Sport Management Private Limited | ₹13.34 Cr (FY 2025) | •••• | •••• | •••• | Navi Mumbai, Maharashtra, India | |
| Brys Resorts Private Limited | ₹13.32 Cr (FY 2024) | •••• | •••• | 47.0% | •••• | New Delhi, Delhi, India |
| Sanika Hospitality India Private Limited | ₹13.31 Cr (FY 2024) | •••• | •••• | 656.0% | •••• | Mumbai, Maharashtra, India |
| Target Associates Private Limited this company | ₹13.3 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Bangalore, Karnataka, India |
| Jasbir Singh and Sons Hotels Private Limited | ₹13.3 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Jamshedpur, Jharkhand, India |
| Hotel Surbhi Palace India Private Limited | ₹13.29 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Dehradun, Uttarakhand, India |
| Associated Hotels Private Limited | ₹13.29 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Sunflower (India) Private Limited | ₹13.27 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Assam, India |
| Hayre Regency Hotels Private Limited | ₹13.27 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Punjab, India |
Peers are the five companies nearest above and the five nearest below Target Associates by revenue in the Consumer Services industry (Guest Houses, Hotels), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Target Associates Private Limited
Target Associates Private Limited is audited by S S B & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S S B & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Target Associates Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Target Associates Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Feb 2019 | Hdfc Bank Limited | ₹12.5 Cr | Open |
| 17 Jul 2012 | The Bharat Co-Operative Bank(Mumbai) Ltd | ₹16.25 Cr | Open |
| 31 Aug 2015 | Bajaj Finance Limited | ₹12.5 Cr | Satisfied |
| 13 Jan 2006 | Canara Bank | ₹24.2 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Target Associates Private Limited
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 |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Target Associates Private Limited
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. Status as checked between 21 Sep 2026 and 05 Oct 2026.
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 Karnataka Renewable Energy Development Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Karnataka Renewable Energy Development Limited | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Pending |
| High Court of Karnataka | Appeal | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against an individual | Disposed |
Full case history
All 11 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Target Associates Private Limited
Target Associates Private Limited has a workforce of 61 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Target Associates Private Limited
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 listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Target Associates Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Target Associates Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Target Associates Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Target Associates Private Limited
Target Associates has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCT2033R1ZX | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Target Associates Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Target Associates Private Limited
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 reported revenue of ₹13.3 Cr for FY 2025 (up 10% YoY).
Target Associates has 3 current directors:
- Jawahar Gopal - Director
- Aditya Manohar Chellaram - Director
- Kush Jawahar - Director
Target Associates reported a net profit of ₹1.35 Cr (net margin 10.1%) and EBITDA of ₹2.17 Cr (EBITDA margin 16.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Target Associates is 53% over three years and -7% over five years. In the latest year (FY 2025) revenue rose 10%. CAGR is the steady yearly rate that links the first and the last year.
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.
The peers of Target Associates by revenue are Junglehomes Holidays Private Limited, Staymaster Services Private Limited, Aivot Golf & Sport Management Private Limited, Brys Resorts Private Limited, Sanika Hospitality India Private Limited and 5 more, all in the Consumer Services industry (Guest Houses, Hotels).