Tower Steels Limited

Manufactures and trades steel raw materials, including structural steels and fabricators.

1993 | Madurai, Tamil Nadu (India) | Inactive
Last Updated:

Tower Steels Profile

Key Indicators

  • Authorised Capital ₹ 2.55 Cr
  • Paid Up Capital ₹ 2.05 Cr
  • Company Age 31 Year, 8 Months
  • Last Filing with ROC 31 Mar 2015
  • Satisfied Charges ₹ 8.08 Cr
  • Revenue Growth -67.71%
  • Profit Growth 475.31%
  • Ebitda -45.56%
  • Net Worth -65.80%
  • Total Assets -59.22%

About Tower Steels

Tower Steels Limited (TSL) is Dormant Under Section 455 company established on 07 Jun 1993 with its office registered at Madurai, Tamil Nadu, India and has been running since 31 Year, 8 Months with a paid up capital of 2.05 Cr. According to MCA records, 7 Directors are linked to this company as of 22 Apr 2024.

Company Details

  • Location

    Madurai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U27105TN1993PLC025178

  • Company No.

    025178

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    07 Jun 1993

  • Date of AGM

    30 Dec 2015

  • Date of Balance Sheet

    31 Mar 2015

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Metals and Minerals

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

Executive Team (1)

NameDesignationAppointment DateStatus
Thillairaj Doorairaj Country flag representing In Managing Director13-Aug-1994Current

Board Members (6)

NameDesignationAppointment DateStatus
Thangaraj Doorairaj Country flag representing In Director 13-Aug-1994Current
Dhasarathan Nehru Director 31-Oct-2023Current
Athisayapandiyan Pushparajan Country flag representing In Director 31-Oct-2023Current
Vishnuraj Country flag representing In Director 31-Mar-2021Current
Rameshbabu Country flag representing In Additional Director 18-Nov-2016Current
Padmanabhan Subramanian Country flag representing In Director 11-Sep-2023Current

Financial Performance of Tower Steels.

Tower Steels Limited, for the financial year ended 2015, experienced significant reduction in revenue, with a 67.71% decrease. The company also saw a substantial improvement in profitability, with a 475.31% increase in profit. The company's net worth observed a substantial decline by a decrease of 65.8%.

Tower Steels revenue growth over time
Tower Steels 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
-67.71%
Revenue from Operations
-70.22%
Total Assets
-59.22%
Profit or Loss
475.31%
Net Worth
-65.80%
EBITDA
-45.56%

What is the Ownership and Shareholding Structure of Tower Steels?

In 2015, Tower Steels had a promoter holding of 84.56% and a public holding of 15.44%. 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

₹8.08 Cr

Charges Breakdown by Lending Institutions

  • The Federal Bank Ltd : 3.55 Cr
  • The Federalbank Limited : 3.25 Cr
  • Sabari Exim Private Limited : 1.28 Cr

Latest Charge Details

DateLenderAmountStatus
20 Apr 2007Sabari Exim Private Limited₹1.28 CrSatisfied
26 Sep 2002The Federal Bank Ltd₹3.55 CrSatisfied
01 Sep 1995The Federalbank Limited₹3.25 CrSatisfied

How Many Employees Work at Tower Steels?

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

Employee growth trends for Tower Steels Limited

Deals i

Graph showing company valuation over time

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

Recent activity within the organization

  • Director Appointment

    Dhasarathan Nehru was appointed as a Director was appointed as a Director on 31 Oct 2023 & has been associated with this company since 1 year 4 months .

  • Director Appointment

    Athisayapandiyan Pushparajan was appointed as a Director was appointed as a Director on 31 Oct 2023 & has been associated with this company since 1 year 4 months .

  • Director Appointment

    Padmanabhan Ganapathy Subramanian was appointed as a Director was appointed as a Director on 11 Sep 2023 & has been associated with this company since 1 year 5 months .

  • Annual General Meeting

    Tower Steels Limited last Annual general meeting of members was held on 30 Dec 2015 as per latest MCA records.

  • Balance Sheet

    Tower Steels Limited has filed its annual Financial statements for the year ended 31 Mar 2015 with Roc Chennai.

  • Charges

    A charge registered on 26 Sep 2002 via Charge ID 80060905 with The Federal Bank Ltd was fully satisfied on 01 Aug 2013.

Frequently asked questions

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

    Tower Steels Limited was incorporated on 07 Jun 1993.

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

    The authorized share capital of Tower Steels Limited is ₹ 2.55 Cr and paid-up capital is ₹ 2.05 Cr.

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

    Currently 7 directors are associated with Tower Steels Limited.

    • Thillairaj Doorairaj
    • Dhasarathan Nehru
    • Athisayapandiyan Pushparajan
    • Vishnuraj
    • Rameshbabu
    • Padmanabhan Ganapathy Subramanian
    • Thangaraj Doorairaj

  • What is the registered address of Tower Steels Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Tower Steels Limited is Plot No C19Sidco Industrial Estate, Kappalur, Madurai, Tamil Nadu, India, 625008.

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

    The corporate identification number (CIN) of Tower Steels Limited is U27105TN1993PLC025178 and the company number is 025178 as per Ministry of Corporate Affairs (MCA).

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

    According to the financial reports for the fiscal year 2015, the revenue trend for Tower Steels Limited has fallen by -67.71%.

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

    The financial reports for the fiscal year 2015 indicates that The net worth of Tower Steels Limited has experienced an downturn of -65.80%.

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

    The most recent Balance Sheet for Tower Steels Limited was filed with the ROC on 31 Mar 2015.

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