Tower Overseas Limited

Diversified company involved in real estate, manufacturing, finance, investments, and digital media.

1986 | Ahmedabad, Gujarat (India) | Active
Last Updated:

Tower Overseas Profile

Key Indicators

  • Authorised Capital ₹ 7.50 Cr
  • Paid Up Capital ₹ 5.00 Cr
  • Company Age 38 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 91.50 Cr
  • Revenue Growth -62.21%
  • Profit Growth 96.05%
  • Ebitda 127.11%
  • Net Worth -0.22%
  • Total Assets -6.94%

About Tower Overseas

Tower Overseas Limited (TOL) is a Public Limited Indian Non-Government Company incorporated in India on 16 December 1986 and has a history of 38 years and two months. Its registered office is in Ahmedabad, Gujarat, India.

The Corporate was formerly known as M. D. Roadlines P Ltd. The Company is engaged in the Financial Services 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 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.

Sharadkumar Muchhala, Vimal Ambani, and Arunkumar Nagori serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    toweroverseas.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17119GJ1986PLC009237

  • Company No.

    009237

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    16 Dec 1986

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Financial Services
Real Estate and Construction
Chemicals and Materials

Who are the key members and board of directors at Tower Overseas?

Executive Team (1)

NameDesignationAppointment DateStatus
Vimal Ambani Country flag representing In Managing Director15-Mar-1993Current

Board Members (2)

NameDesignationAppointment DateStatus
Sharadkumar Muchhala Country flag representing In Director 15-Mar-1993Current
Arunkumar Nagori Country flag representing In Director 20-Jan-2010Current

Financial Performance 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%.

Tower Overseas revenue growth over time
Tower Overseas 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
-62.21%
Revenue from Operations
-61.58%
Total Assets
-6.94%
Profit or Loss
96.05%
Net Worth
-0.22%
EBITDA
127.11%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹91.50 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 60.00 Cr
  • State Bank Of India : 30.00 Cr
  • Kotak Mahindra Bank Ltd : 1.50 Cr

Latest Charge Details

DateLenderAmountStatus
01 Dec 2008State Bank Of India₹30.00 CrSatisfied
04 Oct 2006Kotak Mahindra Bank Ltd₹1.50 CrSatisfied
11 Aug 2006Hdfc Bank Limited₹60.00 CrSatisfied

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.

Employee growth trends for Tower Overseas Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Tower Overseas, 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 Tower Overseas'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 Tower Overseas

Recent activity within the organization

  • Annual General Meeting

    Tower Overseas Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Tower Overseas Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.

  • Charges

    A charge registered on 11 Aug 2006 via Charge ID 10024920 with Hdfc Bank Limited was fully satisfied on 05 Oct 2015.

  • Charges

    A charge registered on 01 Dec 2008 via Charge ID 10131753 with State Bank Of India was fully satisfied on 17 Mar 2011.

  • Director Appointment

    Arunkumar Champaklal Nagori was appointed as a Director was appointed as a Director on 20 Jan 2010 & has been associated with this company since 15 years 1 month .

  • Charges

    A charge registered on 04 Oct 2006 via Charge ID 10025999 with Kotak Mahindra Bank Ltd was fully satisfied on 05 Nov 2009.

Frequently asked questions

  • What is the Incorporation or founding date of Tower Overseas Limited?

    Tower Overseas Limited was incorporated on 16 Dec 1986.

  • What is authorized share capital and paid-up capital of Tower Overseas Limited?

    The authorized share capital of Tower Overseas Limited is ₹ 7.50 Cr and paid-up capital is ₹ 5.00 Cr.

  • Who are the current board members & directors of Tower Overseas Limited?

    Currently 3 directors are associated with Tower Overseas Limited.

    • Sharadkumar Parmanand Muchhala
    • Vimal Ramniklal Ambani
    • Arunkumar Champaklal Nagori

  • What is the registered address of Tower Overseas Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Tower Overseas Limited is Vimal Towers 7 Gadhvi Society, Navrangpura India, Ahmedabad, Gujarat, 380014.

  • What is the corporate identification number (CIN) and company number of Tower Overseas Limited?

    The corporate identification number (CIN) of Tower Overseas Limited is U17119GJ1986PLC009237 and the company number is 009237 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Tower Overseas Limited?

    The Official website of Tower Overseas Limited is https://www.toweroverseas.com

  • What has been the recent revenue trend for Tower Overseas Limited?

    According to the financial reports for the fiscal year 2021, the revenue trend for Tower Overseas Limited has fallen by -62.21%.

  • What change has been observed in the net worth of Tower Overseas Limited, and by what percentage?

    The financial reports for the fiscal year 2021 indicates that The net worth of Tower Overseas Limited has experienced an downturn of -0.22%.

  • When was the last Balance Sheet of Tower Overseas Limited filed with the ROC?

    The most recent Balance Sheet for Tower Overseas Limited was filed with the ROC on 31 Mar 2024.

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