About Targray India Private Limited
Data last updated:
Targray India Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Thomas A.G. Richardson Investment Inc.. It operates in the industrial products retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 26 June 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74996DL2006PTC150269. Its GSTIN is 07AACCT4675P1ZN (Delhi). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Andrew Richardson and Thomas Richardson.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 912 – B Indra Prakash 21 Barakhamba Road, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.51 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹1.04 Cr (net margin 4.2%) and EBITDA of ₹2.7 Cr (EBITDA margin 11%). Revenue has grown at a compounded annual rate (CAGR) of 71% over three years and 49% over five years.
The company has about 77 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Targray. As per MCA filings, the company has open charges of ₹90,000 on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website targray.com.
Company details
Contact details
Targray India Private Limited's registered office is in New Delhi, Delhi. Its website is targray.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address912 – B Indra Prakash 21 Barakhamba Road, New Delhi, Delhi, India – 110001
- IndustryMachinery and Equipment, Industrial Products Retail & Distribution
To see the full contact details of Targray India Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Targray India operates one associated brand: Targray. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Markets and distributes lithium-ion battery materials and equipment. | targray.com |
Business activity
The main business activity of Targray India is support service to organizations. In detail, this covers rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N1 | Rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities |
To see the full business activity and turnover split of Targray India Private Limited, buy the company report.
Financials of Targray India Private Limited
FY 2025 filings availableTargray India Private Limited reported revenue of ₹24.51 Cr (up 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 49% over five years, including 3% growth in the latest year. EBITDA fell 29% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.7 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.04 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11% | ||||
| Net Profit Margin | 4.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Targray India Private Limited, buy the company report.
Board of directors of Targray India Private Limited
Targray India has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Andrew Richardson | Director | 07 Nov 2006 | 19 Years 11 Months | Current |
| Thomas Richardson | Director | 07 Nov 2006 | 19 Years 11 Months | Current |
| Nupur Gupta | Director | 25 Jul 2023 | 3 Years 3 Months | Current |
Auditor
Targray India Private Limited is audited by Ashok Khandelwal Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ashok Khandelwal Associates | FY 2023 | 008618N |
Shareholding
The shareholding of Targray India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Targray India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Jun 2015 | 10579734 | The Hongkong and Shanghai Banking Corporation Limited | ₹90,000 | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Targray India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Targray India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Targray India Private Limited has a workforce of 77 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Targray India has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCT4675P1ZN | Delhi | Active | 01 Jul 2017 |
| 06AACCT4675P1ZP | Haryana | Active | 24 Jul 2017 |
| 24AACCT4675P1ZR | Gujarat | Active | 17 Jul 2023 |
To see the full GST registrations and return filing status of Targray India Private Limited, buy the company report.
Recent activity
Targray India Private Limited has 6 board changes on record since 2006: 3 appointments and 3 cessations. The latest: Nupur Gupta ceased to be Additional Director on 29 Sep 2023.
News
Frequently asked questions
Targray India is an active private limited company based in New Delhi, Delhi, India. The company works in industrial products retail and distribution, within the machinery and equipment industry. It was incorporated on 26 June 2006 (20+ years old) and is registered under CIN U74996DL2006PTC150269.
Targray India has 3 current directors:
- Andrew Richardson - Director
- Thomas Richardson - Director
- Nupur Gupta - Director
The latest financial statements of Targray India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Targray India is 07AACCT4675P1ZN, registered in Delhi. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 06AACCT4675P1ZP (Haryana), 24AACCT4675P1ZR (Gujarat).
The CIN (Corporate Identification Number) of Targray India is U74996DL2006PTC150269. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Targray India was incorporated on 26 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Delhi.
Nupur Gupta ceased to be Additional Director on 29 Sep 2023. Nupur Gupta was appointed as Director on 25 Jul 2023. Shruti Basaiwala ceased to be Additional Director on 30 Sep 2019. Targray India has 6 board changes on record in total.
Targray India can be reached through the website targray.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Targray India is at 912 – B Indra Prakash 21 Barakhamba Road, New Delhi, Delhi, India – 110001.
Targray India operates in the machinery and equipment industry, in the industrial products retail and distribution segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
