Tif (Castings) Limited
About Tif (Castings) Limited
Data last updated:
Tif (Castings) Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 02 June 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27109WB1988PLC044545. Its GSTIN is 19AAACT9454E1Z4 (West Bengal).
The company has an authorised share capital of ₹4.05 Cr and a paid-up capital of ₹4.04 Cr. It was formerly known as Toshniwal Iron Foundary Limited and Toshniwal Iron Foundary Private Limited. It is led by directors including Santanu Poddar and Anil Kumar Jha.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 8 Bentinck Street Taher Mansion Room No – 3 Mezanine Floor, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2023, the company reported a revenue of ₹454.61 Cr, a growth of 102% compared to the previous year. For the same year it recorded a net loss of ₹58.31 Cr (net margin -12.8%) and EBITDA of -₹57.6 Cr (EBITDA margin -12.7%). Revenue has grown at a compounded annual rate (CAGR) of 70% over three years and 10% over five years.
As per MCA filings, the company has open charges of ₹7.3 Cr on record. Court records list 11 cases involving the company, including 4 filed by the company and 7 filed against it; 2 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹5.4 Cr; the latest was in March 2014.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Tif (Castings) has undergone 2 name changes throughout its history. The company was previously known as Toshniwal Iron Foundary Limited, and Toshniwal Iron Foundary Private Limited. The current legal name is Tif (Castings) Limited.
| Company Name | Status |
|---|---|
| Tif (Castings) Limited | Current |
| Toshniwal Iron Foundary Limited | Previous |
| Toshniwal Iron Foundary Private Limited | Previous |
CIN history
Tif (Castings) has one previous CIN (Corporate Identification Number): U27109WB1988PTC044545. The current CIN is U27109WB1988PLC044545, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27109WB1988PLC044545 | Current |
| U27109WB1988PTC044545 | Previous |
Contact details
Tif (Castings) Limited's registered office is in Kolkata, West Bengal. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address8 Bentinck Street Taher Mansion Room No – 3 Mezanine Floor, Kolkata, West Bengal, India – 700001
- IndustryMetals and Minerals, Steel Manufacturing & Processing, Materials Retail & Distribution
To see the full contact details of Tif (Castings) 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 activities of Tif (Castings) are support service to organizations and trade. In detail, this covers other support services to organizations and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Tif (Castings) Limited, buy the company report.
Financials of Tif (Castings) Limited
FY 2023 filings availableTif (Castings) Limited reported revenue of ₹454.61 Cr (up 102% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 102% growth 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹454.61 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹57.6 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹58.31 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -12.7% | ||||
| Net Profit Margin | -12.8% | ||||
| 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 Tif (Castings) Limited, buy the company report.
Board of directors of Tif (Castings) Limited
Tif (Castings) has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Santanu Poddar Also directs: Idea Merchandise Private Limited, I-Win Advisory Services Limited, Vanshikha Commotrade Private Limited and 1 more | Director | 13 May 2019 | 7 Years 5 Months | Current |
| Anil Kumar Jha | Director | 13 Dec 2023 | 2 Years 10 Months | Current |
| Moloy Dasgupta | Director | 31 Jul 2024 | 2 Years 3 Months | Current |
Auditor
Tif (Castings) Limited is audited by Dipika Sethia And Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Dipika Sethia And Associates | FY 2023 | 332483E |
Shareholding
The shareholding of Tif (Castings) 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tif (Castings) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Mar 2021 | 100429007 | Axis Bank Limited | ₹53.75 Lakh | Open | |
| 08 Oct 2003 | 90254252 | Bank of Baroda | ₹3.38 Cr | Open | |
| 07 Sep 1999 | 90253902 | Bank of Baroda | ₹3.38 Cr | Open |
To see the full charge records of Tif (Castings) Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Tif (Castings) Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹5.4 Cr; the latest was in March 2014.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Funding round | ₹3.25 Cr | Investors: Bhagwati Infraproperties Private Limited , Ecospace Commodities Trade Private Limited , Bright Fashion Private Limited |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: Others - Tif (castings) Limited Seller: Gulab Merchandise Private Limited , Agro Food Project Limited, Basukinath Vanijya Private Limited |
| Mar 2008 | Funding round | ₹2.15 Cr | Investors: Others - Tif (castings) Limited, Agro Food Project Limited, Gulab Merchandise Private Limited |
To see the full deal history of Tif (Castings) 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
Tif (Castings) Limited has 11 court cases on record: 4 filed by Tif (Castings), 7 filed against it. 2 cases are pending and 9 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 7 | 2 |
| High courts | 2 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by Sbi Global Factors Ltd | Pending |
| District court, South East, Delhi | Criminal case | Filed against the company by Ifci Factors Ltd. | Pending |
| District court, Calcutta, West Bengal | Interim or miscellaneous application | Filed against the company by Axis Bank Limited | Disposed |
| Supreme Court | Court case (1431-Criminal Matters : Matters challenging prosecution under Negotiable Instruments Act) | Filed by the company against Ifci Factors Limited and 2 others | Disposed |
| High Court of Delhi | Court case (CRL.M.C.) | Filed by the company against Ifci Factors Limited & Anr. | Disposed |
To see the full case history of Tif (Castings) 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Tif (Castings) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Tif (Castings) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACT9454E1Z4 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tif (Castings) Limited, buy the company report.
Recent activity
Tif (Castings) Limited has 17 board changes on record since 2009: 3 appointments and 14 cessations. The latest: Anil Kumar Jha ceased to be Additional Director on 29 Sep 2024.
12 earlier events are in the company report.
Frequently asked questions
Tif (Castings) is an active public limited company based in Kolkata, West Bengal, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 02 June 1988 (38+ years old) and is registered under CIN U27109WB1988PLC044545.
Tif (Castings) has 3 current directors:
- Santanu Poddar - Director
- Anil Kumar Jha - Director
- Moloy Dasgupta - Director
The latest financial statements of Tif (Castings) on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Tif (Castings) is 19AAACT9454E1Z4, registered in West Bengal.
The CIN (Corporate Identification Number) of Tif (Castings) is U27109WB1988PLC044545. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tif (Castings) has 11 court cases on record: 4 filed by the company and 7 filed against it. 2 are pending. Most are in the district courts.
Tif (Castings) was incorporated on 02 June 1988, making it 38+ years old. It is registered with the Registrar of Companies, Kolkata.
Tif (Castings) has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹5.4 Cr; the latest was in March 2014.
Anil Kumar Jha ceased to be Additional Director on 29 Sep 2024. Moloy Dasgupta ceased to be Additional Director on 29 Sep 2024. Moloy Dasgupta was appointed as Director on 31 Jul 2024. Tif (Castings) has 17 board changes on record in total.
The registered office of Tif (Castings) is at 8 Bentinck Street Taher Mansion Room No – 3 Mezanine Floor, Kolkata, West Bengal, India – 700001.
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