About Tiki Tar and Shell India Private Limited
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Tiki Tar and Shell India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the petrochemicals and derivatives segment of the chemicals and materials sector. It was incorporated on 11 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U23300MH2019PTC331592. Its GSTIN is 27AAHCT5549D1Z6 (Maharashtra). The company holds 10 GST registrations, all of them active.
The company has an authorised share capital of ₹37 Cr and a paid-up capital of ₹36.09 Cr. It is led by directors including Rajendra Kantilal Shah and Christina Wei Ping Goh.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Tiki Tar Estate Village Road Bhandup West, Mumbai, Maharashtra, India – 400078.
As per the financials filed for FY 2025, the company reported a revenue of ₹545.16 Cr, a growth of 72% compared to the previous year. For the same year it recorded a net profit of ₹11.46 Cr (net margin 2.1%) and EBITDA of ₹38.06 Cr (EBITDA margin 7%). Revenue has grown at a compounded annual rate (CAGR) of 14% over three years and 44% over five years.
The company has about 46 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Tiki Tar and Shell. As per MCA filings, the company has open charges of ₹30 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company. The company has 2 deals on record (2 rights issues); the latest was in March 2021. Its 4 peer companies in the Chemicals industry (Petrochemicals), with the same principal business activity (coke and refined petroleum products) are compared by revenue, 3 larger and 1 smaller; the largest is Mehta Petro-Refineries Ltd with revenue of ₹601.53 Cr. The company has 7 MSME Form 1 returns on record between 2021 and 2023, listing 43 overdue payments to 8 micro and small suppliers.
For more details, the company can be reached via its website tikitarshell.com.
Company details
Contact details
Tiki Tar and Shell India Private Limited's registered office is in Mumbai, Maharashtra. Its website is tikitarshell.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressTiki Tar Estate Village Road Bhandup West, Mumbai, Maharashtra, India – 400078
- IndustryChemicals and Materials, Petrochemicals & Derivatives
To see the full contact details of Tiki Tar and Shell India Private 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
Brands
Tiki Tar and Shell India operates one associated brand: Tiki Tar and Shell. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides comprehensive services for road infrastructure development and maintenance. | tikitarshell.com |
Business activity
The main business activity of Tiki Tar and Shell India is manufacturing. In detail, this covers coke and refined petroleum products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C5 | Coke and refined petroleum products |
To see the full business activity and turnover split of Tiki Tar and Shell India Private Limited, buy the company report.
Financials of Tiki Tar and Shell India Private Limited
FY 2025 filings availableTiki Tar and Shell India Private Limited reported revenue of ₹545.16 Cr (up 72% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 44% over five years, including 72% growth in the latest year. EBITDA rose 123% 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 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 | ₹545.16 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹38.06 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹11.46 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7% | ||||
| Net Profit Margin | 2.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick 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 Tiki Tar and Shell India Private Limited, buy the company report.
Board of directors of Tiki Tar and Shell India Private Limited
Tiki Tar and Shell India has 6 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Kantilal Shah Also directs: Tiki Tar Industries (Baroda) Limited, Tiki Tar Danosa (India)Private Limited, Tikitar Industries (India) Limited and 1 more | Director | 11 Oct 2019 | 7 Years 1 Months | Current |
| Christina Wei Ping Goh | Director | 01 Nov 2023 | 3 Years 0 Months | Current |
| Raman Ojha | Director | 11 Oct 2019 | 7 Years 1 Months | Current |
| Pratik Rajesh Shah Also directs: Tiki Tar Industries (Baroda) Limited, Tiki Tar Danosa (India)Private Limited, Tikitar Industries (India) Limited and 2 more | Director | 11 Oct 2019 | 7 Years 1 Months | Current |
| Sriram Venkata Musunuri | Director | 21 Sep 2022 | 4 Years 1 Months | Current |
| Hirendra Kantilal Mota Also directs: Tiki Tar Industries (Baroda) Limited, Tiki Tar Danosa (India)Private Limited, Tikitar Industries (India) Limited and 2 more | Director | 11 Oct 2019 | 7 Years 1 Months | Current |
Peer comparison
Tiki Tar and Shell India Private Limited is compared with the 4 companies closest to it by revenue in the Chemicals industry (Petrochemicals), with the same principal business activity (coke and refined petroleum products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mehta Petro-Refineries Ltd | ₹601.53 Cr (FY 2025) | -7.0% | Mumbai, Maharashtra, India | |||
| Siddharth Grease & Lubes Private Limited | ₹599.16 Cr (FY 2025) | -6.0% | New Delhi, Delhi, India | |||
| Classic Bitumen Private Limited | ₹559.29 Cr (FY 2025) | 204.0% | Chandigarh, India | |||
| Tiki Tar and Shell India Private Limitedthis company | ₹545.16 Cr (FY 2025) | ₹11.46 Cr | 2.1% | 72.0% | 46 | Mumbai, Maharashtra, India |
| Witmans Industries Private Limited | ₹542.5 Cr (FY 2025) | -5.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Tiki Tar and Shell India Private Limited, buy the company report.
Auditor
Tiki Tar and Shell India Private Limited is audited by S R B C & Co Llp for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R B C & Co Llp | FY 2025 | 324982E/E300003 |
Shareholding
The shareholding of Tiki Tar and Shell India Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tiki Tar and Shell India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 May 2025 | 101106151 | Others | ₹5 Cr | Open | |
| 18 Apr 2023 | 100711510 | Others | ₹25 Cr | Open |
To see the full charge records of Tiki Tar and Shell India Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Tiki Tar and Shell India Private Limited has 2 deals on record (2 rights issues); the latest was in March 2021.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Rights issue | ₹7 Cr | Investors: Tiki Tar Industries (Baroda) Limited , Shell Gas BV |
| Feb 2020 | Rights issue | ₹20 Cr | Investors: Shell Gas BV, Tiki Tar Industries (Baroda) Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Tiki Tar and Shell India Private Limited has 3 court cases on record: 3 filed by Tiki Tar and Shell India. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against M/S. Rajdeep Buildcon Pvt. Ltd. and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss case SS) | Filed by the company against Pavement Maintenance Technologies Pvt Ltd and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Ms Lomash Slurry Tech Private Limited and 2 others | Disposed |
To see the full case history of Tiki Tar and Shell India Private 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
Tiki Tar and Shell India Private Limited has 7 MSME Form 1 returns on record between 2021 and 2023, listing 43 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Bhagirath Roadways | |||
| Shri Sunrise Road Lines | |||
| Carzonrent (India) Private Limited |
To see the full MSME payment records of Tiki Tar and Shell India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Tiki Tar and Shell India Private Limited has a workforce of 46 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 46 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 |
To see the full employee and EPFO history of Tiki Tar and Shell India Private Limited, buy the company report.
GST
Tiki Tar and Shell India has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCT5549D1Z6 | Maharashtra | Active | 08 Nov 2019 |
| 27AAHCT5549D3Z4 | Maharashtra | Active | 27 Mar 2025 |
| 37AAHCT5549D1Z5 | Andhra Pradesh | Active | 29 Oct 2019 |
| 24AAHCT5549D1ZC | Gujarat | Active | 31 Oct 2019 |
To see the full GST registrations and return filing status of Tiki Tar and Shell India Private Limited, buy the company report.
Recent activity
Tiki Tar and Shell India Private Limited has 12 board changes on record since 2019: 7 appointments and 5 cessations. The latest: Christina Wei Ping Goh was appointed as Director on 01 Nov 2023.
6 earlier events are in the company report.
Frequently asked questions
Tiki Tar and Shell India is an active private limited company based in Mumbai, Maharashtra, India. The company works in petrochemicals and derivatives, within the chemicals and materials industry. It was incorporated on 11 October 2019 (7+ years old) and is registered under CIN U23300MH2019PTC331592.
Tiki Tar and Shell India has 6 current directors:
- Rajendra Kantilal Shah - Director
- Christina Wei Ping Goh - Director
- Raman Ojha - Director
- Pratik Rajesh Shah - Director
- Sriram Venkata Musunuri - Director
- Hirendra Kantilal Mota - Director
The latest financial statements of Tiki Tar and Shell India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Tiki Tar and Shell India is 27AAHCT5549D1Z6, registered in Maharashtra. The company has 10 GST registrations in all, of which 10 are active. Other active GSTINs include 27AAHCT5549D3Z4 (Maharashtra), 37AAHCT5549D1Z5 (Andhra Pradesh), 24AAHCT5549D1ZC (Gujarat).
The CIN (Corporate Identification Number) of Tiki Tar and Shell India is U23300MH2019PTC331592. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tiki Tar and Shell India has 3 court cases on record: 3 filed by the company.
Tiki Tar and Shell India was incorporated on 11 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Tiki Tar and Shell India has 2 deals on record (2 rights issues); the latest was in March 2021.
The peers of Tiki Tar and Shell India by revenue are Mehta Petro-Refineries Ltd, Siddharth Grease & Lubes Private Limited, Classic Bitumen Private Limited, Witmans Industries Private Limited, all in the Chemicals industry (Petrochemicals), with the same principal business activity (coke and refined petroleum products).
Christina Wei Ping Goh was appointed as Director on 01 Nov 2023. Sriram Venkata Musunuri was appointed as Director on 21 Sep 2022. Sriram Venkata Musunuri ceased to be Additional Director on 21 Sep 2022. Tiki Tar and Shell India has 12 board changes on record in total.
Tiki Tar and Shell India has 7 MSME Form 1 returns on record between 2021 and 2023, listing 43 overdue payments to 8 micro and small suppliers. The latest return was filed on 04 Nov 2023.
Tiki Tar and Shell India can be reached through the website tikitarshell.com. Its registered office is in Mumbai, Maharashtra, India.
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