Tamilnadu State Transport Corporation Salem Limited

Provides transportation services through deluxe, air-conditioned, and Volvo buses in four districts of Tamil Nadu.

1973 | Salem, Tamil Nadu (India) | Active
Last Updated:

Tamilnadu State Transport Corporation Salem Profile

Key Indicators

  • Authorised Capital ₹ 750.00 Cr
  • Paid Up Capital ₹ 629.21 Cr
  • Company Age 52 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1,731.11 Cr
  • Satisfied Charges ₹ 115.71 Cr
  • Revenue Growth 47.53%
  • Profit Growth -7.62%
  • Ebitda -9.74%
  • Net Worth -13.44%
  • Total Assets 4.78%

About Tamilnadu State Transport Corporation Salem

Tamilnadu State Transport Corporation Salem Limited (TSTCSL) was founded in India on 23 January 1973 and has a glorious history of 52 years and one month. Its registered office is in Salem, Tamil Nadu, India.

The Company is engaged in the Transport And Logistics 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 750.00 Cr and a paid-up capital of Rs 629.21 Cr.

The company currently has active open charges totaling ₹1,731.11 Cr. The company has closed loans amounting to ₹115.71 Cr, as per Ministry of Corporate Affairs (MCA) records.

Chakravarthin Balaji, Rajendran Lilly, Priya Venugopal, and Eight other members serve as directors at the Company.

Company Details

  • Location

    Salem, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    salem.tn.nic.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U60210TZ1973SGC000656

  • Company No.

    000656

  • Company Classification

    Public Limited State Government Company

  • Incorporation Date

    23 Jan 1973

  • Date of AGM

    26 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Transport and Logistics

Who are the key members and board of directors at Tamilnadu State Transport Corporation Salem?

Executive Team (1)

NameDesignationAppointment DateStatus
Elangovan Kuppusamy Country flag representing In Managing Director30-Aug-2024Current

Board Members (10)

NameDesignationAppointment DateStatus
Chakravarthin Balaji Country flag representing In Director 30-Aug-2024Current
Rajendran Lilly Country flag representing In Director 29-Jul-2024Current
Priya Venugopal Country flag representing In Director 13-Sep-2023Current
Ponmudi Ramasamy Country flag representing In Director 14-Jun-2022Current
Susainayagam Josephdiaz Country flag representing In Director 03-Nov-2021Current
Venkatesan Venkatarajan Country flag representing In Director 29-Mar-2021Current

Financial Performance of Tamilnadu State Transport Corporation Salem.

Tamilnadu State Transport Corporation Salem Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 47.53% increase. The company also saw a slight decrease in profitability, with a 7.62% decrease in profit. The company's net worth observed a substantial decline by a decrease of 13.44%.

Tamilnadu State Transport Corporation Salem revenue growth over time
Tamilnadu State Transport Corporation Salem 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
47.53%
Revenue from Operations
45.33%
Total Assets
4.78%
Profit or Loss
-7.62%
Net Worth
-13.44%
EBITDA
-9.74%

What is the Ownership and Shareholding Structure of Tamilnadu State Transport Corporation Salem?

In 2023, Tamilnadu State Transport Corporation Salem had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹1,731.11 Cr

Satisfied Charges

₹115.71 Cr

Charges Breakdown by Lending Institutions

  • Others : 1731.11 Cr

Latest Charge Details

DateLenderAmountStatus
12 Jan 2011Others₹1,731.11 CrOpen
22 Jan 2018Canara Bank₹12.00 CrSatisfied
03 Mar 2011Indian Overseas Bank₹19.00 CrSatisfied
09 Aug 2010Uco Bank₹20.00 CrSatisfied
24 Oct 2000Canara Bank₹2.50 CrSatisfied

How Many Employees Work at Tamilnadu State Transport Corporation Salem?

Unlock and access historical data on people associated with Tamilnadu State Transport Corporation Salem, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Tamilnadu State Transport Corporation Salem Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Tamilnadu State Transport Corporation Salem, 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 Tamilnadu State Transport Corporation Salem'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 Tamilnadu State Transport Corporation Salem

Recent activity within the organization

  • Annual General Meeting

    Tamilnadu State Transport Corporation Salem Limited last Annual general meeting of members was held on 26 Sep 2024 as per latest MCA records.

  • Director Appointment

    Chakravarthin Rajagopala Balaji was appointed as a Director was appointed as a Director on 30 Aug 2024 & has been associated with this company since 6 months 2 days .

  • Director Appointment

    Elangovan Kuppusamy was appointed as a Managing Director was appointed as a Managing Director on 30 Aug 2024 & has been associated with this company since 6 months 2 days .

  • Director Appointment

    Chitrarasu Sasikumar was appointed as a Director was appointed as a Director on 30 Aug 2024 & has been associated with this company since 6 months 2 days .

  • Director Appointment

    Kaliyaperumal Gunasekaran was appointed as a Director was appointed as a Director on 30 Aug 2024 & has been associated with this company since 6 months 2 days .

  • Director Appointment

    Ramasamy Singaravelu was appointed as a Director was appointed as a Director on 30 Aug 2024 & has been associated with this company since 6 months 2 days .

Frequently asked questions

  • What is the Incorporation or founding date of Tamilnadu State Transport Corporation Salem Limited?

    Tamilnadu State Transport Corporation Salem Limited was incorporated on 23 Jan 1973.

  • What is authorized share capital and paid-up capital of Tamilnadu State Transport Corporation Salem Limited?

    The authorized share capital of Tamilnadu State Transport Corporation Salem Limited is ₹ 750.00 Cr and paid-up capital is ₹ 629.21 Cr.

  • Who are the current board members & directors of Tamilnadu State Transport Corporation Salem Limited?

    Currently 11 directors are associated with Tamilnadu State Transport Corporation Salem Limited.

    • Chakravarthin Rajagopala Balaji
    • Rajendran Lilly
    • Priya Venugopal
    • Ponmudi Ramasamy
    • Susainayagam Josephdiaz
    • Elangovan Kuppusamy
    • Venkatesan Venkatarajan
    • Amudhan Valavan
    • Chitrarasu Sasikumar
    • Kaliyaperumal Gunasekaran
    • Ramasamy Singaravelu

  • What is the registered address of Tamilnadu State Transport Corporation Salem Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Tamilnadu State Transport Corporation Salem Limited is No 12Ramakrishna Road Salem India, Tamil Nadu, 636007.

  • What is the corporate identification number (CIN) and company number of Tamilnadu State Transport Corporation Salem Limited?

    The corporate identification number (CIN) of Tamilnadu State Transport Corporation Salem Limited is U60210TZ1973SGC000656 and the company number is 000656 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Tamilnadu State Transport Corporation Salem Limited?

    The Official website of Tamilnadu State Transport Corporation Salem Limited is https://www.salem.tn.nic.in

  • What has been the recent revenue trend for Tamilnadu State Transport Corporation Salem Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Tamilnadu State Transport Corporation Salem Limited has risen by 47.53%.

  • What change has been observed in the net worth of Tamilnadu State Transport Corporation Salem Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Tamilnadu State Transport Corporation Salem Limited has experienced an downturn of -13.44%.

  • What are the total open charges for Tamilnadu State Transport Corporation Salem Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Tamilnadu State Transport Corporation Salem Limited amount to ₹ 1,731.11 Cr.

  • When was the last Balance Sheet of Tamilnadu State Transport Corporation Salem Limited filed with the ROC?

    The most recent Balance Sheet for Tamilnadu State Transport Corporation Salem Limited was filed with the ROC on 31 Mar 2024.

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