Tower Overseas Comprehensive Company Profile
Key Indicators
- Authorised Capital ₹ 7.50 Cr
as on 02-07-2024
- Paid Up Capital ₹ 5.00 Cr
as on 02-07-2024
- Company Age 37 Year, 9 Months
- Last Filing with ROC 31 Mar 2023
- Satisfied Charges ₹ 91.50 Cr
as on 02-07-2024
- Revenue -62.21%
(FY 2021)
- Profit 96.05%
(FY 2021)
- Ebitda 127.11%
(FY 2021)
- Net Worth -0.22%
(FY 2021)
- Total Assets -6.94%
(FY 2021)
About Tower Overseas
The Corporate was formerly known as M. D. Roadlines P Ltd. The Company is engaged in the Finance And Insurance Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 7.50 Cr and a paid-up capital of Rs 5.00 Cr.
The company has closed loans amounting to ₹91.50 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
Arunkumar Nagori, Vimal Ambani, and Sharadkumar Muchhala serve as directors at the Company.
- CIN/LLPIN
U17119GJ1986PLC009237
- Company No.
009237
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
16 Dec 1986
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
- Email Address
- Website
- Social Media-
Who are the key members and board of directors at Tower Overseas?
Executive Team (1)
Vimal Ambani
Managing DirectorAppointment Date: 15-Mar-1993
Status: Current
Board Members(2)
Financial Performance and Corporate Structure Insights of Tower Overseas.
Tower Overseas Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 62.21% decrease. The company also saw a substantial improvement in profitability, with a 96.05% increase in profit. The company's net worth dipped by a decrease of 0.22%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Tower Overseas?
In 2021, Tower Overseas had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Yashraj Investments And Leasing Company Private Limited
Active
37 years 11 months Arunkumar Nagori, Vimal Ambani and 1 more are mutual person
Liberty Consultants Private Limited
Active 19 years 2 months Arunkumar Nagori and Vimal Ambani are mutual person
Funsign Finance Private Limited
Active 29 years 10 months Arunkumar Nagori and Vimal Ambani are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
State Bank Of India Creation Date: 01 Dec 2008 | ₹30.00 Cr | Satisfied |
Kotak Mahindra Bank Ltd Creation Date: 04 Oct 2006 | ₹1.50 Cr | Satisfied |
Hdfc Bank Limited Creation Date: 11 Aug 2006 | ₹60.00 Cr | Satisfied |
How Many Employees Work at Tower Overseas?
Unlock and access historical data on people associated with Tower Overseas, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
As of Feb 26, 2009, Tower Overseas has raised a total of ₹ 5 Cr, with the most recent deal valued at ₹ 2.5 Cr. Access detailed insights into the company’s deals, including security allotments, mergers, acquisitions, and strategic partnerships that have shaped its growth.
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.
