Innovative Tyres & Tubes Limited

Manufacturer and exporter of bias tires with 20 years of experience, serving domestic and international markets.

1995 | Panch Mahals, Gujarat (India) | Active
Last Updated:

Innovative Tyres & Tubes Profile

Key Indicators

  • Authorised Capital ₹ 19.00 Cr
  • Paid Up Capital ₹ 10.00 Cr
  • Company Age 29 Year, 4 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 four 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

Automotive

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.

Company report

Innovative Tyres & Tubes Limited

Explore comprehensive data for Innovative Tyres & Tubes Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Innovative Tyres & Tubes?

Executive Team (2)

NameDesignationAppointment DateStatus
Shweta Sharma Company Secretary26-Feb-2024Current
Manish Chawla Country flag representing Ca Managing DirectorCurrent

Board Members (4)

NameDesignationAppointment DateStatus
Robin Chawla Country flag representing Ca Director 26-Feb-2024Current
Roshni Chawla Country flag representing Ca Director 26-Feb-2024Current
Jasmin Doshi Country flag representing In Director 26-Feb-2024Current
Umesh Ved Country flag representing In Director 26-Feb-2024Current

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%.

Innovative Tyres & Tubes revenue growth over time
Innovative Tyres & Tubes profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-96.52%
Revenue from Operations
-96.85%
Total Assets
-63.08%
Profit or Loss
10.19%
Net Worth
-607.38%
EBITDA
-6.15%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹25.00 Cr

Satisfied Charges

₹92.24 Cr

Charges Breakdown by Lending Institutions

  • Others : 25.00 Cr

Latest Charge Details

DateLenderAmountStatus
17 Jul 2024Others₹7.00 CrOpen
17 Jul 2024Others₹18.00 CrOpen
05 Oct 2009State Bank Of India₹0.89 MSatisfied
23 Aug 2005State Bank Of India₹40.90 CrSatisfied
15 Feb 2005State Bank Of India₹40.90 CrSatisfied

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.

Employee growth trends for Innovative Tyres & Tubes Limited

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on Innovative Tyres & Tubes

Recent activity within the organization

  • Annual General Meeting

    Innovative Tyres & Tubes Limited last Annual general meeting of members was held on 23 Sep 2024 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 7.00 Cr with Charge ID 100964387 was registered on 17 Jul 2024.

  • Charges

    A charge with Others amounted to Rs. 18.00 Cr with Charge ID 100964393 was registered on 17 Jul 2024.

  • Charges

    A charge registered on 05 Oct 2009 via Charge ID 10186525 with State Bank Of India was fully satisfied on 10 Jul 2024.

  • Charges

    A charge registered on 23 Aug 2005 via Charge ID 80051359 with State Bank Of India was fully satisfied on 10 Jul 2024.

  • Charges

    A charge registered on 15 Feb 2005 via Charge ID 80010187 with State Bank Of India was fully satisfied on 10 Jul 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Innovative Tyres & Tubes Limited?

    Innovative Tyres & Tubes Limited was incorporated on 28 Nov 1995.

  • What is authorized share capital and paid-up capital of Innovative Tyres & Tubes Limited?

    The authorized share capital of Innovative Tyres & Tubes Limited is ₹ 19.00 Cr and paid-up capital is ₹ 10.00 Cr.

  • Who are the current board members & directors of Innovative Tyres & Tubes Limited?

    Currently 6 directors are associated with Innovative Tyres & Tubes Limited.

    • Shweta Pankaj Sharma
    • Robin Chawla
    • Roshni Chawla
    • Jasmin Jaykumar Doshi
    • Manish Chawla
    • Umesh Harjivandas Ved

  • What is the registered address of Innovative Tyres & Tubes Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Innovative Tyres & Tubes Limited is 1201 1202 1203 - Gidc Panchmahals, India, Halol, Gujarat, 389350.

  • What is the corporate identification number (CIN) and company number of Innovative Tyres & Tubes Limited?

    The corporate identification number (CIN) of Innovative Tyres & Tubes Limited is L25112GJ1995PLC086579 and the company number is 086579 as per Ministry of Corporate Affairs (MCA).

  • Is Innovative Tyres & Tubes Limited registered with any stock exchange in India?

    Yes, Innovative Tyres & Tubes Limited is registered on National Stock Exchange (NSE).

  • What is the official website of Innovative Tyres & Tubes Limited?

    The Official website of Innovative Tyres & Tubes Limited is https://www.innovativetyres.com

  • What has been the recent revenue trend for Innovative Tyres & Tubes Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Innovative Tyres & Tubes Limited has fallen by -96.52%.

  • How many employees does Innovative Tyres & Tubes Limited currently have?

    As Per 2023 financial reports, 33 employees are currently employed by Innovative Tyres & Tubes Limited.

  • What change has been observed in the net worth of Innovative Tyres & Tubes Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Innovative Tyres & Tubes Limited has experienced an downturn of -607.38%.

  • What are the total open charges for Innovative Tyres & Tubes Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Innovative Tyres & Tubes Limited amount to ₹ 25.00 Cr.

  • When was the last Balance Sheet of Innovative Tyres & Tubes Limited filed with the ROC?

    The most recent Balance Sheet for Innovative Tyres & Tubes Limited was filed with the ROC on 31 Mar 2024.

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