About TC Travel Services Limited
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TC Travel Services Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Thomas Cook (India) Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the travel and tour services segment of the transport and logistics sector. It was incorporated on 15 October 2008.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U63040MH2008PLC187559. Its GSTIN is 27AADCT0440M2ZA (Maharashtra). The company held 10 GST registrations, of which 5 are active.
The company had an authorised share capital of ₹25 Cr and a paid-up capital of ₹25 Cr. It was formerly known as Tc Travel and Services Limited. It was led by directors including Subash Chandra Mohanty (Manager) and Debasis Bikash Nandy.
Its last annual general meeting (AGM) was held on 06 August 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 324 Dr. D.N. Road Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2019, the company reported a revenue of ₹7.94 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹2.29 Cr (net margin -28.8%) and EBITDA of -₹54.02 Lakh (EBITDA margin -6.8%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years.
The company had about 95 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 6 cases involving the company, including 6 filed by the company. The company has 1 deal on record (1 acquisition); the latest was in September 2017. 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, 4 larger and 2 smaller; the largest is Marketels Hospitality Private Limited with revenue of ₹7.96 Cr.
The last known website on record is tctravel.co.in.
Company details
Contact details
TC Travel Services Limited's registered office is in Mumbai, Maharashtra. Its website is tctravel.co.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Apps
- Registered Address324 Dr. D.N. Road Fort, Mumbai, Maharashtra, India – 400001
- IndustryTransport and Logistics, Travel & Tour Services
To see the full contact details of TC Travel Services 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
Business activity
The main business activity of TC Travel Services 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 TC Travel Services Limited, buy the company report.
Financials of TC Travel Services Limited
FY 2019 filings availableTC Travel Services Limited reported revenue of ₹7.94 Cr (down 12% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over three years, including a 12% fall in the latest year. EBITDA rose 15% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹7.94 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹54.02 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.29 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -6.8% | ||||
| Net Profit Margin | -28.8% | ||||
| 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 TC Travel Services Limited, buy the company report.
Board of directors and KMP of TC Travel Services Limited
TC Travel Services Limited currently reports 4 directors and 2 key managerial personnel. 15 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subash Chandra Mohanty Also directs: Trup & Co LLP | Manager | 01 Apr 2016 | 10 Years 7 Months | As last reported |
| Megha Sekharan Also directs: Carmanya Advisors LLP, Starlog Enterprises Limited, Logimorph Tech Private Limited and 1 more | Company Secretary | 01 Sep 2017 | 9 Years 2 Months | As last reported |
| Debasis Bikash Nandy Also directs: Jagson Pal Pharmaceuticals Limited., Traveljunkie Solutions Private Limited, TC Tours Limited and 4 more | Director | 30 Oct 2017 | 9 Years 0 Months | As last reported |
| Mahesh Chandran Iyer | Director | 30 Oct 2017 | 9 Years 0 Months | As last reported |
| Madhavan Menon Karunakaran Also directs: Sundrop Brands Limited, Cedar Management Consulting Private Limited, Isprava Vesta Private Limited and 1 more | Director | 30 Oct 2017 | 9 Years 0 Months | As last reported |
| Brijesh Sureshchandra Modi Also directs: Thomas Cook (India) Limited | Cfo | 18 Apr 2018 | 8 Years 6 Months | As last reported |
Peer comparison
TC Travel Services 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 |
|---|---|---|---|---|---|---|
| Marketels Hospitality Private Limited | ₹7.96 Cr (FY 2025) | 17.0% | Delhi, India | |||
| Samar Tours & Travels Private Limited | ₹7.96 Cr (FY 2024) | 10.0% | Lucknow, Uttar Pradesh, India | |||
| Travelmanager Holidays India Private Limited | ₹7.95 Cr (FY 2025) | -10.0% | Bangalore, Karnataka, India | |||
| Kash Venture Travels Private Limited | ₹7.95 Cr (FY 2025) | 31.0% | Delhi, India | |||
| TC Travel Services Limitedthis company | ₹7.94 Cr (FY 2019) | -₹2.29 Cr | -28.8% | -12.0% | 95 | Mumbai, Maharashtra, India |
| Volando Tours Private Limited | ₹7.93 Cr (FY 2018) | -5.0% | Frazer Town, Karnataka, India | |||
| Tripoto Travel Private Limited | ₹7.92 Cr (FY 2024) | 26.0% | New Delhi, Delhi, India |
To see the full peer comparison of TC Travel Services Limited, buy the company report.
Auditor
TC Travel Services Limited is audited by B S R & Co. LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2019 | 101248W/W100022 |
Shareholding
The shareholding of TC Travel Services Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of TC Travel Services Limited, buy the company report.
Deals & funding
TC Travel Services Limited has 1 deal on record (1 acquisition); the latest was in September 2017.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Acquisition | Undisclosed | Buyer: Thomas Cook (India) Limited Seller: Tata Capital |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
TC Travel Services Limited has 6 court cases on record: 6 filed by TC Travel Services. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 0 | 0 |
Cases on record (4 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against Electronics for Imaging India (P) Ltd | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Electronics for Imaging India (P) Ltd and Ors. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against Electronics for Imaging India (P) Ltd and 4 others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of TC Travel Services 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
TC Travel Services Limited was last rated by Care on 04 May 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 04 May 2018 |
To see the full credit ratings and regulatory alerts of TC Travel Services Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for TC Travel Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
TC Travel Services Limited has a workforce of 95 employees on its EPFO records as of Nov 2019.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2019-20 | 95 |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of TC Travel Services Limited, buy the company report.
GST
TC Travel Services has 10 GST registrations: 5 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCT0440M2ZA | Maharashtra | Active | 01 Jul 2017 |
| 07AADCT0440M1ZD | Delhi | Active | 01 Jul 2017 |
| 19AADCT0440M2Z7 | West Bengal | Active | 01 Jul 2017 |
| 20AADCT0440M2ZO | Jharkhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of TC Travel Services Limited, buy the company report.
Recent activity
TC Travel Services Limited has 18 board changes on record since 2013: 6 appointments and 12 cessations. The latest: Debasis Bikash Nandy ceased to be Additional Director on 24 Sep 2018.
9 earlier events are in the company report.
News
Frequently asked questions
TC Travel Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
TC Travel Services was a public limited company based in Mumbai, Maharashtra, India. The company worked in travel and tour services, within the transport and logistics industry. It was incorporated on 15 October 2008 and is registered under CIN U63040MH2008PLC187559. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
TC Travel Services was incorporated on 15 October 2008. It is registered with the Registrar of Companies, Mumbai.
TC Travel Services had 6 directors and KMP:
- Debasis Bikash Nandy - Director
- Mahesh Chandran Iyer - Director
- Madhavan Menon Karunakaran - Director
- Subash Chandra Mohanty - Manager
- Megha Sekharan - Company Secretary
- Brijesh Sureshchandra Modi - Cfo
The CIN (Corporate Identification Number) of TC Travel Services is U63040MH2008PLC187559. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of TC Travel Services is at 324 Dr. D.N. Road Fort, Mumbai, Maharashtra, India – 400001.
TC Travel Services can be reached through the website tctravel.co.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of TC Travel Services on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 06 August 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of TC Travel Services is 27AADCT0440M2ZA, registered in Maharashtra. The company has 10 GST registrations in all, of which 5 are active and 5 are cancelled or inactive. Other active GSTINs include 07AADCT0440M1ZD (Delhi), 19AADCT0440M2Z7 (West Bengal), 20AADCT0440M2ZO (Jharkhand).
TC Travel Services operated in the transport and logistics industry, in the travel and tour services segment.
TC Travel Services has 1 deal on record (1 acquisition); the latest was in September 2017.
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