Tifco Holdings Limited
About Tifco Holdings Limited
Data last updated:
Tifco Holdings Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of The Indian Hotels Company 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 diversified financial services segment of the financial services sector. It was incorporated on 21 September 1977.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U65910MH1977PLC019873.
The company had an authorised share capital of ₹90 Cr and a paid-up capital of ₹81.5 Cr. It was led by directors including Kailasanathan Narayan and Moiz Mohsin Miyajiwala.
Its last annual general meeting (AGM) was held on 20 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Mandlik House Mandlik Road Colaba, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2017, the company reported a revenue of ₹12.84 Cr, a decline of 28% compared to the previous year. For the same year it recorded a net loss of ₹6.46 Cr (net margin -50.3%) and EBITDA of -₹4.49 Cr (EBITDA margin -34.9%).
Court records list 11 cases involving the company, including 8 filed by the company and 3 filed against it; 4 cases are pending.
Company details
Contact details
Tifco Holdings Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressMandlik House Mandlik Road Colaba, Mumbai, Maharashtra, India – 400001
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Tifco Holdings 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 Tifco Holdings is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Tifco Holdings Limited, buy the company report.
Financials of Tifco Holdings Limited
FY 2017 filings availableTifco Holdings Limited reported revenue of ₹12.84 Cr (down 28% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue fell 28% in the latest year. EBITDA fell 125% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| 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 | -₹4.49 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹6.46 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -34.9% | ||
| Net Profit Margin | -50.3% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
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| 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 Tifco Holdings Limited, buy the company report.
Board of directors of Tifco Holdings Limited
Tifco Holdings has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kailasanathan Narayan Also directs: Titan Engineering & Automation Limited | Director | 14 Oct 2016 | 10 Years 0 Months | As last reported |
| Moiz Mohsin Miyajiwala | Director | 14 Oct 2016 | 10 Years 0 Months | As last reported |
| Rajeshkumar Harshadrai Parekh | Director | 08 Jan 2008 | 18 Years 9 Months | As last reported |
Auditor
Tifco Holdings Limited is audited by PATEL & DEODHAR for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PATEL & DEODHAR | FY 2016 | 107644W |
Shareholding
The shareholding of Tifco Holdings Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Tifco Holdings Limited, buy the company report.
Legal cases
Tifco Holdings Limited has 11 court cases on record: 8 filed by Tifco Holdings, 3 filed against it. 4 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 1 | 1 |
| High courts | 4 | 2 | 3 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by The Indian Hotels Company Limited | Pending |
| Bombay High Court | Court case (CHSW) | Filed by the company against The Board of Trustees of the Port of Bombay and the Indian Hotels Company Limited (Appl./Org. Petio | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against individuals | Pending |
| Bombay High Court | Writ petition | Filed by the company against The Board of Trustees of the Port of Bombay | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against an individual | Disposed |
To see the full case history of Tifco Holdings 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 Tifco Holdings Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Tifco Holdings has 2 associated companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Tifco Holdings Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Tifco Holdings Limited has 15 board changes on record since 2007: 3 appointments and 12 cessations. The latest: Kailasanathan Narayan ceased to be Additional Director on 20 Sep 2017.
6 earlier events are in the company report.
Frequently asked questions
Tifco Holdings 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.
Tifco Holdings was a public limited company based in Mumbai, Maharashtra, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 21 September 1977 and is registered under CIN U65910MH1977PLC019873. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Tifco Holdings was incorporated on 21 September 1977. It is registered with the Registrar of Companies, Mumbai.
Tifco Holdings had 3 directors:
- Kailasanathan Narayan - Director
- Moiz Mohsin Miyajiwala - Director
- Rajeshkumar Harshadrai Parekh - Director
The CIN (Corporate Identification Number) of Tifco Holdings is U65910MH1977PLC019873. 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 Tifco Holdings is at Mandlik House Mandlik Road Colaba, Mumbai, Maharashtra, India – 400001.
The latest financial statements of Tifco Holdings on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 20 September 2017. Year-wise statements from 2015 are in the company report.
Tifco Holdings operated in the financial services industry, in the diversified financial services segment.
Tifco Holdings has 11 court cases on record: 8 filed by the company and 3 filed against it. 4 are pending. Most are in the district courts.
Kailasanathan Narayan ceased to be Additional Director on 20 Sep 2017. Moiz Mohsin Miyajiwala ceased to be Additional Director on 20 Sep 2017. Anil Pushkar Goel ceased to be Director on 15 Oct 2016. Tifco Holdings has 15 board changes on record in total.
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