MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MP-23-0019030
Tiara Metals Private Limited
Tiara Metals Private Limited - home & lifestyle in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.88 Cr
▲ 29.92% YoY
Net profit · FY 2025
₹11.75 Lakh
Net margin 4.1%
EBITDA · FY 2025
₹29.78 Lakh
EBITDA margin 10.3%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹12.64 Lakh
Issued & subscribed
Open charges
₹5.3 Cr
Satisfied ₹4.72 Cr
Company age
27 yrs
Est. 1999
Employees · EPFO
4
Provident fund records
About Tiara Metals Private Limited
Data last updated:
Tiara Metals Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the crockery and kitchenware manufacturing segment of the home and lifestyle products sector. It was incorporated on 23 February 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U28997MP1999PTC013330. Its GSTIN is 23AABCT4963D1ZK (Madhya Pradesh). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹12.64 Lakh. It is led by directors Mukesh Kumar Ajmera and Smita Ajmera.
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 62 – A 63 64 – Sector F Industrial Estate, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.88 Cr. For the same year it recorded a net profit of ₹11.75 Lakh (net margin 4.1%) and EBITDA of ₹29.78 Lakh (EBITDA margin 10.3%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 11% over five years.
The company has about 4 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.3 Cr and satisfied charges of ₹4.72 Cr on record.
Tiara Metals Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0019030). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Tiara Metals Private Limited
CIN U28997MP1999PTC013330
Registration Number 013330
Incorporation Date 23 February 1999
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MP-23-0019030
Recognitions & Rankings of Tiara Metals
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address62 – A 63 64 – Sector F Industrial Estate, Indore, Madhya Pradesh, India – 452001
- IndustryHome & Lifestyle, Crockery & Kitchenware Manufacturing
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Business Activity of Tiara Metals Private Limited
The main business activity of Tiara Metals is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Tiara Metals Private Limited FY 2025 filings available
Tiara Metals Private Limited reported revenue of ₹2.88 Cr for FY 2025.
Revenue · FY 2025
₹2.88 Cr
Net profit · FY 2025
₹11.75 Lakh margin 4.1%
EBITDA · FY 2025
₹29.78 Lakh margin 10.3%
Compounded Annual Growth Rate (CAGR) of Tiara Metals Private Limited
Revenue CAGR growth
3 years · compounded
▲ 6%
5 years · compounded
▲ 11%
EBITDA CAGR growth
3 years · compounded
▲ 1%
5 years · compounded
▲ 7%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years. 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 of Tiara Metals Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹29.78 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.75 Lakh | •••• | •••• | •••• | •••• |
| 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 of Tiara Metals Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Tiara Metals are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
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Verified entity values are shown only after access is granted.
Board of Directors of Tiara Metals Private Limited
Tiara Metals has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Kumar Ajmera | Director | 23 Feb 1999 | 27 Years 7 Months | Current |
| Smita Ajmera | Director | 15 Feb 2024 | 2 Years 8 Months | Current |
Peer Comparison of Tiara Metals Private Limited
Tiara Metals Private Limited is compared with the companies closest to it by revenue in the Agriculture industry (Farm Produce, Foundry and Fabrication, Metals). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sakun Engineering Works Private Limited | ₹2.89 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | New Delhi, Delhi, India |
| Arham Mangal Ltd | ₹2.89 Cr (FY 2025) | •••• | •••• | 384.0% | •••• | Kolkata, West Bengal, India |
| Vipra Ferro Alloys Private Limited | ₹2.89 Cr (FY 2025) | •••• | •••• | •••• | Nagpur, Maharashtra, India | |
| Krishna Emech Private Limited | ₹2.89 Cr (FY 2025) | •••• | •••• | 53.0% | •••• | Pune, Maharashtra, India |
| Saptasai Farmers Producer Company Limited | ₹2.88 Cr (FY 2024) | •••• | •••• | 34.0% | •••• | Nashik, Maharashtra, India |
| Tiara Metals Private Limited this company | ₹2.88 Cr (FY 2025) | •••• | •••• | •••• | Indore, Madhya Pradesh, India | |
| Faridabad Furnace Manufacturer Private Limited | ₹2.88 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Faridabad, Haryana, India |
| Shiv Dharani Marketing Private Limited | ₹2.88 Cr (FY 2025) | •••• | •••• | -16.0% | •••• | Durgapur, West Bengal, India |
| Essential Engineering Enterprises Private Limited | ₹2.87 Cr (FY 2025) | •••• | •••• | 70.0% | •••• | Hyderabad, Telangana, India |
| Brothers Equipment and Engineering Private Limited | ₹2.87 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Khordha, Odisha, India |
| Bendtech Metals P Ltd | ₹2.87 Cr (FY 2025) | •••• | •••• | 712.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Tiara Metals by revenue in the Agriculture industry (Farm Produce, Foundry and Fabrication, Metals), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Tiara Metals Private Limited
Tiara Metals Private Limited is audited by M D AGRAWAL & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M D AGRAWAL & CO | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Tiara Metals Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
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- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Tiara Metals Private Limited
Open charges
₹5.3 Cr
Satisfied charges
₹4.72 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Dec 2025 | Others | ₹50 Lakh | Open |
| 07 Feb 2018 | Others | ₹2.95 Cr | Open |
| 31 Dec 2014 | City Union Bank Limited | ₹1.6 Cr | Open |
| 13 May 1999 | Gujarat Mercantile Credit Cooperative Society Ltd | ₹15 Lakh | Open |
| 13 May 1999 | Gujarat Mercantile Credit Cooperative Society Ltd | ₹10 Lakh | Open |
Total charge records: 11 View all charges
MSME Payment Delays by Tiara Metals Private Limited
Tiara Metals Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 27 overdue payments to 17 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 17)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Raaj Medisafe India Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Bhasin Packwell Pvt Ltd | •••• | •••• | •••• |
| Kabeer Fineness (I) Private Limited | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
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Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Tiara Metals Private Limited
Tiara Metals Private Limited has a workforce of 4 employees as of Oct 10, 2025.
Employee count
4
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Tiara Metals Private Limited
Tiara Metals Private Limited has 4 board changes on record since 1999: 3 appointments and 1 cessation. The latest: Kirit Ajmera ceased to be Director on 15 Feb 2024.
Charges
A charge with Others amounted to Rs. 50.00 Lakh with Charge ID 101204841 was registered on 10 Dec 2025.
AGM
Tiara Metals Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Tiara Metals Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Ceased
Kirit Ajmera ceased to be Director.
Appointed
Smita Ajmera was appointed as Director.
Charges
A charge with Others amounted to Rs. 295.00 Lakh with Charge ID 100152742 was registered on 07 Feb 2018.
Charges
A charge with City Union Bank Limited of Rs. 160.00 Lakh registered on 31 Dec 2014 with Charge ID 10569451 was modified on 31 Aug 2017.
Charges
A charge registered on 05 Jan 2012 via Charge ID 10333125 with Shriram City Union Finance Limited was fully satisfied on 24 Apr 2015.
Charges
A charge with City Union Bank Limited amounted to Rs. 160.00 Lakh with Charge ID 10569451 was registered on 31 Dec 2014.
Charges
A charge with Shriram City Union Finance Limited of Rs. 120.00 Lakh registered on 05 Jan 2012 with Charge ID 10333125 was modified on 09 Jan 2012.
Charges
A charge registered on 19 Apr 2010 via Charge ID 10222025 with State Bank Of India was fully satisfied on 09 Jan 2012.
Charges
A charge with Shriram City Union Finance Limited amounted to Rs. 120.00 Lakh with Charge ID 10333125 was registered on 05 Jan 2012.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Tiara Metals Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
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Subsidiaries & Group Companies of Tiara Metals Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of Tiara Metals Private Limited
Tiara Metals has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AABCT4963D1ZK | Madhya Pradesh | Active | 01 Jul 2017 |
| 23AABCT4963D1DT | Madhya Pradesh | Active | 04 Dec 2024 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Tiara Metals Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
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Frequently Asked Questions about Tiara Metals Private Limited
Tiara Metals is an active private limited company based in Indore, Madhya Pradesh, India. The company works in crockery and kitchenware manufacturing, within the home and lifestyle industry. It was incorporated on 23 February 1999 (27+ years old) and is registered under CIN U28997MP1999PTC013330.
Tiara Metals reported revenue of ₹2.88 Cr for FY 2025.
Tiara Metals has 2 current directors:
- Mukesh Kumar Ajmera - Director
- Smita Ajmera - Director
Tiara Metals reported a net profit of ₹11.75 Lakh (net margin 4.1%) and EBITDA of ₹29.78 Lakh (EBITDA margin 10.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Tiara Metals is 6% over three years and 11% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Tiara Metals is 23AABCT4963D1ZK, registered in Madhya Pradesh. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 23AABCT4963D1DT (Madhya Pradesh).
The CIN (Corporate Identification Number) of Tiara Metals is U28997MP1999PTC013330. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tiara Metals was incorporated on 23 February 1999, making it 27+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Tiara Metals by revenue are Sakun Engineering Works Private Limited, Arham Mangal Ltd, Vipra Ferro Alloys Private Limited, Krishna Emech Private Limited, Saptasai Farmers Producer Company Limited and 5 more, all in the Agriculture industry (Farm Produce, Foundry and Fabrication, Metals).
Kirit Ajmera ceased to be Director on 15 Feb 2024. Smita Ajmera was appointed as Director on 15 Feb 2024. Kirit Ajmera was appointed as Director on 23 Feb 1999. Tiara Metals has 4 board changes on record in total.
Yes, Tiara Metals is registered as a micro enterprise under Udyam registration (number: UDYAM-MP-23-0019030).
Tiara Metals has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 27 overdue payments to 17 micro and small suppliers. The latest return was filed on 28 May 2019.