Tuticorin Salt & Marine Chemicals Ltd

This company manufactures sea salt and markets it in southern states under the brand 'Solar'.

1946 | Tuticorin, Tamil Nadu (India) | Active
Last Updated: January 05, 2025

Tuticorin Salt & Marine Chemicals Profile

Key Indicators

  • Authorised Capital ₹ 1.50 Cr
  • Paid Up Capital ₹ 1.00 Cr
  • Company Age 79 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 5.88 Cr
  • Satisfied Charges ₹ 3.35 Cr
  • Revenue Growth 1.46%
  • Profit Growth 13.43%
  • Ebitda 108.51%
  • Net Worth 14.22%
  • Total Assets -11.19%

About Tuticorin Salt & Marine Chemicals

Tuticorin Salt & Marine Chemicals Ltd (TSMCL) was founded in India on 05 January 1946 and has a glorious history of 79 years and one month. Its registered office is in Tuticorin, Tamil Nadu, India.

The Company is engaged in the Food And Beverages 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 1.50 Cr and a paid-up capital of Rs 1.00 Cr.

The company currently has active open charges totaling ₹5.88 Cr. The company has closed loans amounting to ₹3.35 Cr, as per Ministry of Corporate Affairs (MCA) records.

Marthi Deepak, Marthi Dileep, and Marthi Prakash serve as directors at the Company.

Company Details

  • Location

    Tuticorin, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    tsmcsalt.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U14220TN1946PLC002891

  • Company No.

    002891

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    05 Jan 1946

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Food and Beverages

Who are the key members and board of directors at Tuticorin Salt & Marine Chemicals?

Executive Team (1)

NameDesignationAppointment DateStatus
Marthi Prakash Country flag representing In Managing Director25-Nov-1984Current

Board Members (2)

NameDesignationAppointment DateStatus
Marthi Deepak Country flag representing In Director 08-Dec-2004Current
Marthi Dileep Country flag representing In Director 08-Dec-2004Current

Financial Performance of Tuticorin Salt & Marine Chemicals.

Tuticorin Salt & Marine Chemicals Ltd, for the financial year ended 2022, experienced modest growth in revenue, with a 1.46% increase. The company also saw a substantial improvement in profitability, with a 13.43% increase in profit. The company's net worth Soared by an impressive increase of 14.22%.

Graph illustrating revenue growth over time
Graph showing 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
1.46%
Revenue from Operations
1.15%
Total Assets
-11.19%
Profit or Loss
13.43%
Net Worth
14.22%
EBITDA
108.51%

What is the Ownership and Shareholding Structure of Tuticorin Salt & Marine Chemicals?

In 2022, Tuticorin Salt & Marine Chemicals had a promoter holding of 95.05% and a public holding of 4.95%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹5.88 Cr

Satisfied Charges

₹3.35 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 5.70 Cr
  • Sundaram Finance Ltd. : 0.10 Cr
  • Union Bank Of India : 0.05 Cr
  • Others : 0.03 Cr

Latest Charge Details

DateLenderAmountStatus
10 Apr 2024State Bank Of India₹1.80 CrOpen
26 Mar 2024State Bank Of India₹2.10 MOpen
20 Mar 2024Others₹0.30 MOpen
20 Nov 2023State Bank Of India₹0.90 MOpen
01 Jul 2020State Bank Of India₹4.30 MOpen

How Many Employees Work at Tuticorin Salt & Marine Chemicals?

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

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Tuticorin Salt & Marine Chemicals, 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 Tuticorin Salt & Marine Chemicals'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 Tuticorin Salt & Marine Chemicals

Recent activity within the organization

  • Annual General Meeting

    Tuticorin Salt & Marine Chemicals Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Charges

    A charge with State Bank Of India amounted to Rs. 1.80 Cr with Charge ID 100915220 was registered on 10 Apr 2024.

    10 Apr 2024

  • Balance Sheet

    Tuticorin Salt & Marine Chemicals Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

    31 Mar 2024

  • Charges

    A charge with State Bank Of India amounted to Rs. 0.21 Cr with Charge ID 100915218 was registered on 26 Mar 2024.

    26 Mar 2024

  • Charges

    A charge with Others amounted to Rs. 0.03 Cr with Charge ID 100915219 was registered on 20 Mar 2024.

    20 Mar 2024

  • Charges

    A charge with State Bank Of India amounted to Rs. 0.09 Cr with Charge ID 100847290 was registered on 20 Nov 2023.

    20 Nov 2023

Frequently asked questions

  • Tuticorin Salt & Marine Chemicals Ltd was incorporated on 05 Jan 1946.

  • The authorized share capital of Tuticorin Salt & Marine Chemicals Ltd is ₹ 1.50 Cr and paid-up capital is ₹ 1.00 Cr.

  • Currently 3 directors are associated with Tuticorin Salt & Marine Chemicals Ltd.

    • Marthi Prakash Deepak
    • Marthi Prakash Dileep
    • Marthi Subrahmanyam Prakash
  • As per Ministry of Corporate Affairs (Mca), the registered address of Tuticorin Salt & Marine Chemicals Ltd is 283 West Great Cotton Road, India, Tuticorin-I., Tamil Nadu, 628001.

  • The corporate identification number (CIN) of Tuticorin Salt & Marine Chemicals Ltd is U14220TN1946PLC002891 and the company number is 002891 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Tuticorin Salt & Marine Chemicals Ltd is https://www.tsmcsalt.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for Tuticorin Salt & Marine Chemicals Ltd has risen by 1.46%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Tuticorin Salt & Marine Chemicals Ltd has experienced an upsurge of 14.22%.

  • As per the financial statements for fiscal Year 2022, The total open charges for Tuticorin Salt & Marine Chemicals Ltd amount to ₹ 5.88 Cr.

  • The most recent Balance Sheet for Tuticorin Salt & Marine Chemicals Ltd was filed with the ROC on 31 Mar 2024.

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