India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#341- Valuation
- ₹16,540 Cr
Tbo Tek Limited - tourism and accommodation in New Delhi, Delhi, India. FY 2026 financials & compliance.
Active Listed - NSE: TBOTEK · BSE: 544174 Public Limited Company tourism and accommodation Nifty 500
Market Cap
₹17,065 Cr
TBOTEK · NSE
Share Price
₹1,545.70
-1.64% today
Revenue
₹2,677 Cr
FY 2025-26 · +54.1% YoY
EBITDA
₹378 Cr
Margin 14.1%
Net Profit
₹239 Cr
FY 2025-26 · +14.7% YoY
P/E (TTM)
65.1x
P/B 11.3x
ROE
17.8%
ROCE 18.3%
Debt / Equity
0.35
Interest cover 17.9x
About Tbo Tek Limited
Data last updated:
Tbo Tek Limited is a public limited company based in New Delhi, Delhi, India. It operates in the travel and tourism segment of the tourism and accommodation sector. It was incorporated on 06 November 2006 and has been in existence for over 20 years.
Tbo Tek is part of the Nifty 500 and BSE 500 indices. Its director Gaurav Bhatnagar is #840 among India's richest people (2026). Its director Ankush Nijhawan and family are #1,140 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L74999DL2006PLC155233. Its GSTIN is 07AACCT6259K1ZX (Delhi). The company holds 44 GST registrations, of which 43 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 544174 and NSE: TBOTEK.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹10.86 Cr. It was formerly known as Tek Travels Private Limited and Tbo Tek Private Limited. It is led by directors including Gaurav Bhatnagar (Managing Director) and Ankush Nijhawan (Managing Director).
Its last annual general meeting (AGM) was held on 27 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 501 Floor – 5 Worldmark 4 Asset, Area No.Lp – Ib – 4 Aerocity, New Delhi, Delhi, India – 110037.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹2,677.48 Cr, a growth of 54.1% compared to the previous year. For the same year it recorded a net profit of ₹238.53 Cr (net margin 8.9%) and EBITDA of ₹378.19 Cr (EBITDA margin 14.1%). The net worth stands at ₹1,550.66 Cr (up 29.8% YoY). Total assets are valued at ₹2,343.72 Cr (up 64.3% YoY).
The company has about 1,383 employees on its provident fund (EPFO) records.
The company is associated with 5 brands: TBO Holidays, Travel Boutique Online, IslandHopper, TBO and Tek Travels. As per MCA filings, the company has open charges of ₹470 Cr and satisfied charges of ₹189.1 Cr on record. Court records list 237 cases involving the company, including 233 filed by the company and 4 filed against it; 107 cases are pending. The company has 23 deals on record (17 secondary share transfers, 2 market trades, 2 funding rounds), with disclosed funding of ₹45.99 Cr; the latest was in March 2025. Its 6 peer companies in the Transport and Logistics industry (Tour and Travel Operators), with the same principal business activity (travel agency and tour operators) are compared by revenue, 2 larger and 4 smaller; the largest is Cox & Kings Limited with revenue of ₹6,502.06 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tbo.com.
Company details
CIN L74999DL2006PLC155233
Registration Number 155233
Incorporation Date 06 November 2006
ROC Delhi
Listing Status Listed - Listed on NSE (TBOTEK); Listed on BSE (544174)
Company Status Active
Date of Last AGM 27 August 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Name history
Tbo Tek has undergone 2 name changes throughout its history. The company was previously known as Tek Travels Private Limited, and Tbo Tek Private Limited. The current legal name is Tbo Tek Limited.
| Company Name | Status |
|---|---|
| Tbo Tek Limited | Current |
| Tek Travels Private Limited | Previous |
| Tbo Tek Private Limited | Previous |
CIN history
Tbo Tek has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L74999DL2006PLC155233, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L74999DL2006PLC155233 | Current |
| U74999DL2006PLC155233 | Previous |
| U74999DL2006PTC155233 | Previous |
Key People
Gaurav Bhatnagar Managing Director Ankush Nijhawan Managing Director Akshat Verma Whole-Time Director Recognitions & Rankings of Tbo Tek
India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #840 Gaurav Bhatnagar ₹3,600 Cr
- #1,140 Ankush Nijhawan & family ₹2,200 Cr
Stock market indices
Nifty 500 BSE 500
Contact details
Tbo Tek Limited's registered office is in New Delhi, Delhi.
- Social Media
- Registered Address501 Floor – 5 Worldmark 4 Asset, Area No.Lp – Ib – 4 Aerocity, New Delhi, Delhi, India – 110037
- IndustryTourism And Accommodation, Travel & Tourism
Comprehensive company report
Tbo Tek Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Tbo Tek operates multiple associated brands including TBO Holidays, Travel Boutique Online, and IslandHopper. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Global B2B platform for travel bookings including hotels, flights, and packages. | tboholidays.com | |
| Bookings for travel agents are managed via an online platform. | travelboutiqueonline.com | |
| Provider of online travel booking services for agents. This platform offers a comprehensive suite of tools and resources to facilitate the booking process for travel agents. It enables agents to access and manage bookings, providing a streamlined and efficient system for their operations. The platform supports various travel-related services, allowing agents to offer a wide range of options to their clients. Access is provided through a secure online portal, requiring user authentication for security. | islandhopper.in | |
| A leading global travel distribution platform is operated by TBO. | tbo.com | |
| SaaS-driven distribution network solution for the travel industry | tektravels.com |
Business activity
The main business activity of Tbo Tek is support service to organizations. In detail, this covers travel agency and tour operators.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N3 | Travel agency and tour operators |
To see the full business activity and turnover split of Tbo Tek Limited, buy the company report.
Financials of Tbo Tek Limited
FY 2025-26 filings availableTbo Tek Limited reported revenue of ₹2,677.48 Cr (up 54.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹2,677 Cr
+54.1% YoY
EBITDA
₹378 Cr
+32.8% YoY
Profit After Tax
₹239 Cr
+14.7% YoY
Net Worth
₹1,551 Cr
+29.8% YoY
Total Assets
₹2,344 Cr
+64.3% YoY
Total Debt
₹756 Cr
+253.0% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 2,677 | 1,737 | 1,393 | 1,065 | 483 | 142 | 571 |
| Revenue growth | +54.1% | +24.7% | +30.8% | +120.3% | +240.8% | -75.2% | - |
| EBITDA | 378 | 285 | 253 | 189 | 31.85 | (50.69) | 87.27 |
| EBITDA margin | +14.1% | +16.4% | +18.2% | +17.7% | +6.6% | -35.8% | +15.3% |
| Profit before tax | 293 | 275 | 227 | 174 | 46.04 | (29.54) | 88.18 |
| Net profit | 239 | 208 | 205 | 142 | 28.47 | (10.42) | 72.28 |
| Net profit margin | +8.9% | +12.0% | +14.7% | +13.3% | +5.9% | -7.4% | +12.7% |
| EPS (₹) | 22.50 | 21.17 | 19.39 | 13.84 | 3.23 | (180.18) | 384.84 |
| Balance sheet | |||||||
| Total assets | 2,344 | 1,427 | 810 | 419 | 304 | 225 | 280 |
| Net worth | 1,551 | 1,195 | 545 | 340 | 232 | 204 | 240 |
| Total debt | 756 | 214 | 210 | 70.62 | 63.40 | 8.43 | 16.52 |
| Cash & bank | 1,278 | 1,285 | 854 | 661 | 504 | 332 | 288 |
| Net working capital | 400 | 849 | 431 | 267 | 199 | 184 | 238 |
| Cash flow | |||||||
| Cash from operations | (20.77) | 289 | 226 | 237 | 198 | 50.61 | (3.22) |
| Cash from investing | (361) | (443) | (154) | (84.85) | (26.80) | (28.27) | (6.10) |
| Cash from financing | 441 | 365 | 115 | (14.06) | (15.67) | (5.43) | (8.37) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 926 | 814 | 784 | 568 | 511 | 446 | 422 | 451 |
| Revenue growth (YoY) | +81.1% | +82.5% | +85.8% | +25.9% | +22.2% | - | - | - |
| Other income | 12.90 | 12.79 | 12.34 | 15.19 | 21.10 | 25.40 | 20.29 | 14.58 |
| EBITDA | 138 | 105 | 95.06 | 88.06 | 73.44 | 64.72 | 55.29 | 75.35 |
| EBITDA margin | +14.9% | +12.9% | +12.1% | +15.5% | +14.4% | +14.5% | +13.1% | +16.7% |
| Depreciation | 33.04 | 29.91 | 26.41 | 16.15 | 13.96 | 13.89 | 12.93 | 12.71 |
| Interest | 14.58 | 14.55 | 14.89 | 8.87 | 5.26 | 5.39 | 5.71 | 5.95 |
| Profit before tax | 103 | 73.67 | 66.10 | 78.23 | 75.32 | 70.84 | 56.94 | 71.27 |
| Tax | 19.94 | 13.58 | 12.41 | 10.68 | 12.34 | 11.93 | 6.97 | 11.19 |
| Net profit | 83.35 | 60.09 | 53.69 | 67.55 | 62.98 | 58.91 | 49.97 | 60.08 |
| EPS (₹) | 7.74 | 5.59 | 4.99 | 6.27 | 5.85 | 5.47 | 4.64 | 5.64 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 584 | 576 | 539 | 476 | 264 | 102 | 379 |
| Revenue growth | +1.4% | +6.9% | +13.2% | +80.3% | +158.3% | -73.1% | - |
| EBITDA | 44.97 | 64.17 | 74.08 | 86.14 | 31.84 | (1.71) | 54.03 |
| EBITDA margin | +7.7% | +11.1% | +13.7% | +18.1% | +12.1% | -1.7% | +14.3% |
| Profit before tax | 75.71 | 77.98 | 63.22 | 69.86 | 42.50 | 13.50 | 52.86 |
| Net profit | 56.56 | 56.71 | 56.62 | 51.67 | 30.36 | 9.27 | 38.81 |
| Net profit margin | +9.7% | +9.9% | +10.5% | +10.9% | +11.5% | +9.1% | +10.2% |
| EPS (₹) | 5.20 | 5.23 | 4.53 | 4.96 | 3.01 | 49.08 | 204.26 |
| Balance sheet | |||||||
| Total assets | 979 | 865 | 397 | 328 | 266 | 195 | 207 |
| Net worth | 864 | 786 | 316 | 259 | 202 | 179 | 170 |
| Total debt | 100 | 67.29 | 72.75 | 62.36 | 2.69 | 0.00 | 16.52 |
| Cash & bank | 226 | 710 | 356 | 277 | 268 | 232 | 192 |
| Net working capital | 374 | 650 | 279 | 214 | 162 | 141 | 152 |
| Cash flow | |||||||
| Cash from operations | (159) | 54.58 | 99.03 | 30.83 | 41.63 | 42.66 | (14.97) |
| Cash from investing | (50.52) | (295) | (22.79) | 1.81 | (3.10) | (26.53) | (11.69) |
| Cash from financing | (14.95) | 378 | (12.70) | (12.96) | (14.93) | (5.06) | (8.37) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 157 | 146 | 145 | 144 | 149 | 146 | 134 | 142 |
| Revenue growth (YoY) | +5.7% | -0.2% | +8.6% | +1.6% | -3.6% | - | - | - |
| Other income | 12.27 | 26.87 | 14.22 | 11.51 | 9.06 | 11.40 | 12.48 | 10.25 |
| Total expenses | 134 | 139 | 136 | 135 | 130 | 138 | 125 | 129 |
| EBITDA | 23.28 | 6.22 | 9.05 | 8.90 | 18.44 | 8.33 | 8.70 | 13.28 |
| EBITDA margin | +14.8% | +4.3% | +6.2% | +6.2% | +12.4% | +5.7% | +6.5% | +9.4% |
| Depreciation | 6.37 | 5.38 | 5.24 | 4.85 | 4.19 | 4.20 | 4.23 | 4.14 |
| Interest | 2.43 | 2.48 | 2.55 | 2.21 | 1.65 | 1.72 | 1.74 | 1.78 |
| Profit before tax | 26.75 | 25.23 | 15.48 | 13.35 | 21.66 | 13.81 | 15.21 | 17.61 |
| Tax | 6.68 | 6.25 | 3.93 | 3.51 | 5.54 | 5.21 | 3.86 | 4.04 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 926 | 814 | 784 | 568 | 511 | 446 | 422 | 451 |
| Revenue growth (YoY) | +81.1% | +82.5% | +85.8% | +25.9% | +22.2% | - | - | - |
| Other income | 12.90 | 12.79 | 12.34 | 15.19 | 21.10 | 25.40 | 20.29 | 14.58 |
| EBITDA | 138 | 105 | 95.06 | 88.06 | 73.44 | 64.72 | 55.29 | 75.35 |
| EBITDA margin | +14.9% | +12.9% | +12.1% | +15.5% | +14.4% | +14.5% | +13.1% | +16.7% |
| Depreciation | 33.04 | 29.91 | 26.41 | 16.15 | 13.96 | 13.89 | 12.93 | 12.71 |
| Interest | 14.58 | 14.55 | 14.89 | 8.87 | 5.26 | 5.39 | 5.71 | 5.95 |
| Profit before tax | 103 | 73.67 | 66.10 | 78.23 | 75.32 | 70.84 | 56.94 | 71.27 |
| Tax | 19.94 | 13.58 | 12.41 | 10.68 | 12.34 | 11.93 | 6.97 | 11.19 |
| Net profit | 83.35 | 60.09 | 53.69 | 67.55 | 62.98 | 58.91 | 49.97 | 60.08 |
| EPS (₹) | 7.74 | 5.59 | 4.99 | 6.27 | 5.85 | 5.47 | 4.64 | 5.64 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 2,677 | 1,737 | 1,393 | 1,065 | 483 | 142 | 571 |
| Revenue growth | +54.1% | +24.7% | +30.8% | +120.3% | +240.8% | -75.2% | - |
| Other income | 53.65 | 74.54 | 29.13 | 24.07 | 36.51 | 34.74 | 17.55 |
| Total expenses | 2,299 | 1,453 | 1,140 | 876 | 451 | 192 | 484 |
| Employee cost | 596 | 419 | 305 | 228 | 135 | 63.62 | 103 |
| EBITDA | 378 | 285 | 253 | 189 | 31.85 | (50.69) | 87.27 |
| EBITDA margin | +14.1% | +16.4% | +18.2% | +17.7% | +6.6% | -35.8% | +15.3% |
| Depreciation | 86.43 | 51.88 | 36.16 | 24.56 | 15.68 | 11.12 | 11.85 |
| Interest | 52.10 | 32.92 | 19.09 | 14.24 | 6.64 | 2.47 | 4.79 |
| Profit before tax | 293 | 275 | 227 | 174 | 46.04 | (29.54) | 88.18 |
| Tax | 49.00 | 44.68 | 26.34 | 25.71 | 12.32 | 4.61 | 15.25 |
| Net profit | 239 | 208 | 205 | 142 | 28.47 | (10.42) | 72.28 |
| Net profit margin | +8.9% | +12.0% | +14.7% | +13.3% | +5.9% | -7.4% | +12.7% |
| EPS (₹) | 22.50 | 21.17 | 19.39 | 13.84 | 3.23 | (180.18) | 384.84 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.86 | 10.86 | 10.42 | 10.42 | 10.42 | 1.90 | 1.90 |
| Reserves & surplus | 1,540 | 1,184 | 534 | 330 | 221 | 202 | 238 |
| Shareholders' funds (net worth) | 1,551 | 1,195 | 545 | 340 | 232 | 204 | 240 |
| Minority interest | 0.00 | 0.00 | 0.00 | (3.09) | 0.00 | 0.00 | 0.00 |
| Secured loans | 557 | 89.22 | 134 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 199 | 125 | 76.87 | 70.62 | 63.40 | 8.43 | 16.52 |
| Total debt | 756 | 214 | 210 | 70.62 | 63.40 | 8.43 | 16.52 |
| Total liabilities | 2,344 | 1,427 | 810 | 419 | 304 | 225 | 280 |
| Assets | |||||||
| Gross block | 1,862 | 490 | 444 | 194 | 124 | 44.65 | 46.60 |
| Net block | 1,619 | 345 | 349 | 136 | 92.17 | 22.71 | 34.81 |
| Capital work in progress | 14.29 | 38.91 | 13.87 | 0.00 | 0.17 | 8.60 | 3.53 |
| Investments | 263 | 173 | 2.03 | 0.24 | 0.22 | 0.16 | 0.12 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 5,314 | 4,061 | 3,307 | 1,566 | 531 | 120 | 303 |
| Cash & bank balances | 1,278 | 1,285 | 854 | 661 | 504 | 332 | 288 |
| Loans & advances | 767 | 282 | 315 | 178 | 131 | 82.20 | 160 |
| Total current assets | 7,359 | 5,629 | 4,476 | 2,406 | 1,167 | 535 | 752 |
| Total current liabilities | 6,959 | 4,779 | 4,045 | 2,139 | 968 | 351 | 513 |
| Net working capital | 400 | 849 | 431 | 267 | 199 | 184 | 238 |
| Total assets | 2,344 | 1,427 | 810 | 419 | 304 | 225 | 280 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 962 | 751 | 563 | 425 | 269 | 252 | 270 |
| Net cash from operating activities | (20.77) | 289 | 226 | 237 | 198 | 50.61 | (3.22) |
| Net cash from investing activities | (361) | (443) | (154) | (84.85) | (26.80) | (28.27) | (6.10) |
| Net cash from financing activities | 441 | 365 | 115 | (14.06) | (15.67) | (5.43) | (8.37) |
| Net change in cash | 59.92 | 210 | 188 | 138 | 156 | 16.91 | (17.69) |
| Closing cash | 1,278 | 1,285 | 854 | 661 | 504 | 332 | 288 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +54.1% | +24.7% | +30.8% | +120.3% | +240.8% | -75.2% | - |
| EBITDA growth | +32.8% | +12.6% | +33.9% | +493.1% | +162.8% | -158.1% | - |
| PBT growth | +6.8% | +21.0% | +30.3% | +278.3% | +9998.0% | - | +157.3% |
| Net income growth | +14.7% | +1.3% | +44.8% | +398.1% | +373.2% | -114.4% | - |
| Revenue CAGR (3Y) | +36.0% | +53.2% | +114.2% | +23.1% | +3.1% | -25.5% | - |
| EBITDA CAGR (3Y) | +26.0% | +107.6% | - | +29.4% | -7.5% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +9.1% | +13.2% | +14.4% | +14.0% | +7.0% | -24.1% | +12.8% |
| Return on capital employed | +18.3% | +27.5% | +39.9% | +51.9% | +16.9% | +0.9% | +39.0% |
| Return on net worth | +17.8% | +26.4% | +45.3% | +51.9% | +13.1% | -4.7% | +36.4% |
| Debt / equity | 0.35 | 0.24 | 0.32 | 0.23 | 0.16 | 0.06 | 0.09 |
| Long-term debt / equity | 0.29 | 0.20 | 0.30 | 0.22 | 0.15 | 0.04 | 0.07 |
| Interest cover | 17.86 | 14.13 | 8.80 | 8.66 | 41.06 | -4.00 | 6.35 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.28 | 3.72 | 4.37 | 6.69 | 5.72 | 3.11 | 11.92 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 0.57 | 0.47 | 0.57 | 1.02 | 1.48 | 0.67 | 1.67 |
| EPS (₹) | 22.50 | 21.17 | 19.39 | 13.84 | 3.23 | (180.18) | 384.84 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 142.80 | 110.05 | 52.26 | 32.64 | 22.25 | 1,076.89 | 1,268.27 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 157 | 146 | 145 | 144 | 149 | 146 | 134 | 142 |
| Revenue growth (YoY) | +5.7% | -0.2% | +8.6% | +1.6% | -3.6% | - | - | - |
| Other income | 12.27 | 26.87 | 14.22 | 11.51 | 9.06 | 11.40 | 12.48 | 10.25 |
| Total expenses | 134 | 139 | 136 | 135 | 130 | 138 | 125 | 129 |
| EBITDA | 23.28 | 6.22 | 9.05 | 8.90 | 18.44 | 8.33 | 8.70 | 13.28 |
| EBITDA margin | +14.8% | +4.3% | +6.2% | +6.2% | +12.4% | +5.7% | +6.5% | +9.4% |
| Depreciation | 6.37 | 5.38 | 5.24 | 4.85 | 4.19 | 4.20 | 4.23 | 4.14 |
| Interest | 2.43 | 2.48 | 2.55 | 2.21 | 1.65 | 1.72 | 1.74 | 1.78 |
| Profit before tax | 26.75 | 25.23 | 15.48 | 13.35 | 21.66 | 13.81 | 15.21 | 17.61 |
| Tax | 6.68 | 6.25 | 3.93 | 3.51 | 5.54 | 5.21 | 3.86 | 4.04 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 584 | 576 | 539 | 476 | 264 | 102 | 379 |
| Revenue growth | +1.4% | +6.9% | +13.2% | +80.3% | +158.3% | -73.1% | - |
| Other income | 60.80 | 42.42 | 21.12 | 10.87 | 28.53 | 27.48 | 13.42 |
| Total expenses | 539 | 512 | 465 | 390 | 232 | 104 | 325 |
| Employee cost | 244 | 226 | 171 | 144 | 89.44 | 44.76 | 70.60 |
| EBITDA | 44.97 | 64.17 | 74.08 | 86.14 | 31.84 | (1.71) | 54.03 |
| EBITDA margin | +7.7% | +11.1% | +13.7% | +18.1% | +12.1% | -1.7% | +14.3% |
| Depreciation | 19.66 | 16.98 | 19.40 | 16.37 | 13.63 | 10.68 | 11.51 |
| Interest | 10.40 | 11.63 | 12.58 | 10.78 | 4.24 | 1.59 | 3.08 |
| Profit before tax | 75.71 | 77.98 | 63.22 | 69.86 | 42.50 | 13.50 | 52.86 |
| Tax | 19.23 | 21.17 | 16.04 | 18.16 | 11.10 | 4.21 | 14.05 |
| Net profit | 56.56 | 56.71 | 56.62 | 51.67 | 30.36 | 9.27 | 38.81 |
| Net profit margin | +9.7% | +9.9% | +10.5% | +10.9% | +11.5% | +9.1% | +10.2% |
| EPS (₹) | 5.20 | 5.23 | 4.53 | 4.96 | 3.01 | 49.08 | 204.26 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 10.86 | 10.86 | 10.42 | 10.42 | 10.42 | 1.90 | 1.90 |
| Reserves & surplus | 853 | 775 | 305 | 248 | 192 | 178 | 168 |
| Shareholders' funds (net worth) | 864 | 786 | 316 | 259 | 202 | 179 | 170 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 16.52 |
| Unsecured loans | 100 | 67.29 | 72.75 | 62.36 | 2.69 | 0.00 | 0.00 |
| Total debt | 100 | 67.29 | 72.75 | 62.36 | 2.69 | 0.00 | 16.52 |
| Total liabilities | 979 | 865 | 397 | 328 | 266 | 195 | 207 |
| Assets | |||||||
| Gross block | 215 | 152 | 146 | 118 | 108 | 41.89 | 65.58 |
| Net block | 116 | 72.02 | 80.70 | 72.13 | 78.53 | 20.78 | 54.23 |
| Capital work in progress | 0.14 | 4.09 | 1.54 | 0.00 | 0.17 | 0.46 | 0.00 |
| Investments | 118 | 17.62 | 17.62 | 16.32 | 16.26 | 16.24 | 15.72 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 496 | 409 | 350 | 310 | 205 | 47.67 | 157 |
| Cash & bank balances | 226 | 710 | 356 | 277 | 268 | 232 | 192 |
| Loans & advances | 122 | 77.62 | 114 | 109 | 78.45 | 61.74 | 82.98 |
| Total current assets | 843 | 1,197 | 820 | 696 | 552 | 342 | 432 |
| Total current liabilities | 469 | 547 | 541 | 482 | 389 | 201 | 280 |
| Net working capital | 374 | 650 | 279 | 214 | 162 | 141 | 152 |
| Total assets | 979 | 865 | 397 | 328 | 266 | 195 | 207 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 416 | 278 | 215 | 195 | 171 | 160 | 195 |
| Net cash from operating activities | (159) | 54.58 | 99.03 | 30.83 | 41.63 | 42.66 | (14.97) |
| Net cash from investing activities | (50.52) | (295) | (22.79) | 1.81 | (3.10) | (26.53) | (11.69) |
| Net cash from financing activities | (14.95) | 378 | (12.70) | (12.96) | (14.93) | (5.06) | (8.37) |
| Net change in cash | (225) | 137 | 63.54 | 19.67 | 23.60 | 11.07 | (35.03) |
| Closing cash | 226 | 710 | 356 | 277 | 268 | 232 | 192 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +1.4% | +6.9% | +13.2% | +80.3% | +158.3% | -73.1% | - |
| EBITDA growth | -29.9% | -13.4% | -14.0% | +170.5% | +1962.0% | -103.2% | - |
| PBT growth | -2.9% | +23.4% | -9.5% | +64.4% | +214.8% | -74.5% | +159.2% |
| Net income growth | -0.3% | +0.2% | +9.6% | +70.2% | +227.5% | -76.1% | - |
| Revenue CAGR (3Y) | +7.1% | +29.7% | +74.1% | +7.9% | -5.1% | -27.2% | +19.9% |
| EBITDA CAGR (3Y) | -19.5% | +26.3% | - | +16.8% | +50.2% | - | +26.7% |
| Profitability & leverage | |||||||
| Net income margin | +9.7% | +9.9% | +8.8% | +10.9% | +11.9% | +9.1% | +10.2% |
| Return on capital employed | +9.3% | +14.2% | +24.5% | +27.1% | +20.3% | +7.5% | +27.0% |
| Return on net worth | +6.9% | +10.3% | +19.7% | +22.4% | +16.5% | +5.3% | +22.9% |
| Debt / equity | 0.10 | 0.13 | 0.24 | 0.14 | 0.01 | 0.05 | 0.10 |
| Long-term debt / equity | 0.09 | 0.11 | 0.21 | 0.13 | 0.01 | 0.03 | 0.06 |
| Interest cover | 41.09 | 24.65 | 23.01 | 15.45 | 23.28 | -12.83 | 7.24 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 3.18 | 3.87 | 4.10 | 4.22 | 3.52 | 1.90 | 5.78 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 1.29 | 1.52 | 1.63 | 1.85 | 2.09 | 1.00 | 2.41 |
| EPS (₹) | 5.20 | 5.23 | 4.53 | 4.96 | 3.01 | 49.08 | 204.26 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 79.60 | 72.34 | 30.27 | 24.81 | 19.40 | 946.87 | 894.05 |
To see the full year-wise statements and ratios of Tbo Tek Limited, buy the company report.
Board of directors of Tbo Tek Limited
Tbo Tek has 8 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ravindra Dhariwal Also directs: D and D Consulting LLP, Irb Infrastructure Developers Limited, Ebco Private Limited and 2 more | Director | 24 Nov 2021 | 4 Years 10 Months | Current |
| Bhaskar Pramanik | Director | 24 Nov 2021 | 4 Years 10 Months | Current |
| Gaurav Bhatnagar | Managing Director | 06 Nov 2006 | 19 Years 11 Months | Current |
| Ankush Nijhawan Also directs: Lap Travel Private Limited | Managing Director | 12 Mar 2007 | 19 Years 7 Months | Current |
| Anuranjita Kumar Also directs: Acme Solar Holdings Limited, Icra Limited, Credila Financial Services Limited and 2 more | Director | 24 Nov 2021 | 4 Years 10 Months | Current |
| Rahul Bhatnagar | Director | 24 Nov 2021 | 4 Years 10 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Tbo Tek Limited is compared with the 6 companies closest to it by revenue in the Transport and Logistics industry (Tour and Travel Operators), with the same principal business activity (travel agency and tour operators), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cox & Kings Limited | ₹6,502.06 Cr (FY 2018) | -10.0% | ||||
| Xotik Travel and Forex Private Limited | ₹2,774.21 Cr (FY 2025) | -38.0% | Jaipur, Rajasthan, India | |||
| Tbo Tek Limitedthis company | ₹2,677.48 Cr (FY 2026) | ₹238.53 Cr | 8.9% | 54.1% | New Delhi, Delhi, India | |
| Alhind Tours and Travels Private Limited | ₹1,774.99 Cr (FY 2025) | 2.0% | Chennai, Tamil Nadu, India | |||
| Ottila International Private Limited | ₹1,179.82 Cr (FY 2024) | 56.0% | Mumbai, Maharashtra, India | |||
| Sotc Travel Limited | ₹1,115.77 Cr (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| Redbus India Private Limited | ₹1,008.87 Cr (FY 2025) | 32.0% | Gurugram, Haryana, India |
To see the full peer comparison of Tbo Tek Limited, buy the company report.
Charges & borrowings
Open charges
₹470 Cr
Satisfied charges
₹189.1 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Apr 2022 | 100583538 | Others | ₹60 Cr | Open | |
| 23 Feb 2022 | 100544193 | Yes Bank Limited | ₹115 Cr | Open | |
| 15 Mar 2021 | 100434382 | Hdfc Bank Limited | ₹170 Cr | Open | |
| 25 Nov 2019 | 100303383 | Standard Chartered Bank | ₹125 Cr | Open | |
| 10 Sep 2016 | 100051347 | Idbi Trusteeship Services Limited | ₹103.5 Cr | Satisfied |
To see the full charge records of Tbo Tek Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Tbo Tek Limited has 23 deals on record (17 secondary share transfers, 2 market trades, 2 funding rounds), with disclosed funding of ₹45.99 Cr; the latest was in March 2025.
Total deals
23
Secondary share transfers
17
Market trades
2
Funding rounds
2
Rights issue
1
Disclosed funding
₹45.99 Cr
Deals on record (5 of 23)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2025 | Market trade | ₹870.02 Cr | Buyer: Nippon India Mutual Fund, Sbi Mutual Fund, Icici Prudential Mutual Fund Seller: Augusta Tbo (Singapore) Pte Ltd, Tbo Korea Holdings Limited |
| May 2024 | IPO | ₹1,550.81 Cr | Investors: Ipo Shareholders - Tbo Tek Limited, Government Pension Fund Global, Nomura Funds Ireland Public Limited Company Nomura Funds Ireland-India Equity Fund Seller: Augusta Tbo (Singapore) Pte. Limited, Affirma Capital, 2 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Tekriti Software Private Limited |
| Jun 2007 | Secondary share transfer | Undisclosed | Buyer: Tekriti Software Private Limited , an individual Seller: 2 individuals |
| Mar 2007 | Funding round | ₹99 Lakh | Investors: Tekriti Software Private Limited , an individual |
To see the full deal history of Tbo Tek Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Tbo Tek Limited has 237 court cases on record: 233 filed by Tbo Tek, 4 filed against it. 107 cases are pending and 130 are disposed.
Total cases
237
Filed by the company
233
Filed against the company
4
Pending
107
Disposed
130
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 222 | 4 | 102 |
| NCLT | 6 | 0 | 1 |
| NCLAT | 5 | 0 | 3 |
| High courts | 4 | 0 | 1 |
Cases on record (5 of 237)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against Humpback Wonders Private Limited | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against European Konnect Private Limited | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against Sashini Travel Management Private Limited | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against MTP Vacations Private Limited | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against Forever Success Tour and Travel Pvt Ltd | Pending |
To see the full case history of Tbo Tek Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Tbo Tek Limited was last rated by Care on 12 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 12 Mar 2021 |
To see the full credit ratings and regulatory alerts of Tbo Tek Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Tbo Tek Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Tbo Tek has 44 GST registrations: 43 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
44
Active
43
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCT6259K1ZX | Delhi | Active | 01 Jul 2017 |
| 07AACCT6259K1C8 | Delhi | Active | 09 Nov 2018 |
| 03AACCT6259K1Z5 | Punjab | Active | 01 Jul 2017 |
| 06AACCT6259K1ZZ | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tbo Tek Limited, buy the company report.
Recent activity
Tbo Tek Limited has 26 board changes on record since 2006: 9 appointments and 17 cessations. The latest: Shantanu Rastogi ceased to be Additional Director on 16 Jan 2025.
AGM
Tbo Tek Limited last Annual general meeting of members was held on 27 Aug 2026 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 170.00 Cr registered on 15 Mar 2021 with Charge ID 100434382 was modified on 07 Aug 2026.
Filing
Tbo Tek Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi I.
Charges
A charge with Others of Rs. 60.00 Cr registered on 27 Apr 2022 with Charge ID 100583538 was modified on 25 Mar 2026.
Ceased
Shantanu Rastogi ceased to be Additional Director.
Appointed
Akshat Verma was appointed as Whole-Time Director.
Ceased
Akshat Verma ceased to be Additional Director.
Appointed
Shantanu Rastogi was appointed as Nominee Director.
Charges
A charge with Standard Chartered Bank of Rs. 125.00 Cr registered on 25 Nov 2019 with Charge ID 100303383 was modified on 02 Jan 2024.
Charges
A charge with Yes Bank Limited of Rs. 115.00 Cr registered on 23 Feb 2022 with Charge ID 100544193 was modified on 14 Feb 2023.
Ceased
Anuranjita Kumar ceased to be Additional Director.
Ceased
Bhaskar Pramanik ceased to be Additional Director.
39 earlier events are in the company report.
News
TBOTEK: RS. 128.42 CRORES NSE BLOCK TRADE; FOR ~ 753,563 SHARES, AT RS. 1704.20
TBOTEK: Rs. 17.16 Crores NSE Block Trade; for ~ 100,627 Shares, at Rs. 1705.00
From our blog
Frequently asked questions
Tbo Tek is an active public limited company based in New Delhi, Delhi, India. The company works in travel and tourism, within the tourism and accommodation industry. It was incorporated on 06 November 2006 (20+ years old) and is registered under CIN L74999DL2006PLC155233. Listed on BSE: 544174 and NSE: TBOTEK.
Tbo Tek reported revenue of ₹2,677.48 Cr for FY 2025-26 (up 54.1% YoY) based on consolidated financials.
Tbo Tek has 8 current directors:
- Gaurav Bhatnagar - Managing Director
- Ankush Nijhawan - Managing Director
- Akshat Verma - Whole-Time Director
- Ravindra Dhariwal - Director
- Bhaskar Pramanik - Director
- Anuranjita Kumar - Director
- Rahul Bhatnagar - Director
- Shantanu Rastogi - Nominee Director
The latest financial statements of Tbo Tek on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 August 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Tbo Tek is 07AACCT6259K1ZX, registered in Delhi. The company has 44 GST registrations in all, of which 43 are active and 1 is cancelled or inactive. Other active GSTINs include 07AACCT6259K1C8 (Delhi), 03AACCT6259K1Z5 (Punjab), 06AACCT6259K1ZZ (Haryana).
The CIN (Corporate Identification Number) of Tbo Tek is L74999DL2006PLC155233. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Tbo Tek is a listed company as per MCA records. Its shares are listed on both BSE (code: 544174) and NSE (symbol: TBOTEK).
Tbo Tek has 237 court cases on record: 233 filed by the company and 4 filed against it. 107 are pending. Most are in the district courts.
Tbo Tek was incorporated on 06 November 2006, making it 20+ years old. It is registered with the Registrar of Companies, Delhi.
Tbo Tek has 23 deals on record (17 secondary share transfers, 2 market trades, 2 funding rounds), with disclosed funding of ₹45.99 Cr; the latest was in March 2025.
The peers of Tbo Tek by revenue are Cox & Kings Limited, Xotik Travel and Forex Private Limited, Alhind Tours and Travels Private Limited, Ottila International Private Limited, Sotc Travel Limited and 1 more, all in the Transport and Logistics industry (Tour and Travel Operators), with the same principal business activity (travel agency and tour operators).