Innovative Tyres & Tubes Profile
Key Indicators
- Authorised Capital ₹ 19.00 Cr
- Paid Up Capital ₹ 10.00 Cr
- Company Age 29 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 25.00 Cr
- Satisfied Charges ₹ 92.24 Cr
- Revenue Growth -96.52%
- Profit Growth 10.19%
- Ebitda -6.15%
- Net Worth -607.38%
- Total Assets -63.08%
About Innovative Tyres & Tubes
Innovative Tyres & Tubes Limited (ITTL) is a Public Limited Indian Non-Government Company incorporated in India on 28 November 1995 and has a history of 29 years and two months. Its registered office is in Panch Mahals, Gujarat, India.
It is listed on the National Stock Exchange(NSE) under the ticker symbol INNOVATIVE.
The Company is engaged in the Automotive Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 19.00 Cr and a paid-up capital of Rs 10.00 Cr.
The company currently has active open charges totaling ₹25.00 Cr. The company has closed loans amounting to ₹92.24 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Innovative Tyres & Tubes Limited India is Shweta Sharma as COMPANY SECRETARY. Robin Chawla, Roshni Chawla, Jasmin Doshi, and Two other members serve as directors at the Company.
Company Details
- Location
Panch Mahals, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L25112GJ1995PLC086579
- Company No.
086579
- Stock Symbol
NSE : INNOVATIVE
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
28 Nov 1995
- Date of AGM
23 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Ahmedabad
Industry
What products or services does Innovative Tyres & Tubes Limited offer?
Innovative Tyres & Tubes Limited offers a wide range of products and services, including Truck Tyres, Light Truck Tyre, Tractor Tyres, Motorcycle Tyres, Bike Tyres, Two Wheeler Tyres, Tyre Tube, Scooter Tube.
Who are the key members and board of directors at Innovative Tyres & Tubes?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Shweta Sharma | Company Secretary | 26-Feb-2024 | Current |
Manish Chawla  | Managing Director | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Robin Chawla | Director | 26-Feb-2024 | Current |
| Roshni Chawla | Director | 26-Feb-2024 | Current |
Jasmin Doshi  | Director | 26-Feb-2024 | Current |
| Umesh Ved | Director | 26-Feb-2024 | Current |
Financial Performance of Innovative Tyres & Tubes.
Innovative Tyres & Tubes Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 96.52% decrease. The company also saw a substantial improvement in profitability, with a 10.19% increase in profit. The company's net worth observed a substantial decline by a decrease of 607.38%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Innovative Tyres & Tubes?
In 2023, Innovative Tyres & Tubes had a promoter holding of 14.00% and a public holding of 86.00%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Charges (Loans)
₹25.00 Cr
₹92.24 Cr
Charges Breakdown by Lending Institutions
- Others : 25.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jul 2024 | Others | ₹7.00 Cr | Open |
| 17 Jul 2024 | Others | ₹18.00 Cr | Open |
| 05 Oct 2009 | State Bank Of India | ₹0.89 M | Satisfied |
| 23 Aug 2005 | State Bank Of India | ₹40.90 Cr | Satisfied |
| 15 Feb 2005 | State Bank Of India | ₹40.90 Cr | Satisfied |
How Many Employees Work at Innovative Tyres & Tubes?
Innovative Tyres & Tubes has a workforce of 33 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Innovative Tyres & Tubes, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Innovative Tyres & Tubes's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
