Timestar Private Limited

Timestar Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U99999MH1961PTC011990 Incorporated 24 April 1961 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company consumer goods MSME · Micro
Data last updated
Revenue · FY 2023
₹1.35 Cr
▼ 78% YoY
Net loss · FY 2023
₹1.22 Cr
Net margin -90%
EBITDA · FY 2023
-₹1.62 Cr
EBITDA margin -119.7%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹29.94 Cr
Satisfied ₹34.64 Cr
Company age
65 yrs
Est. 1961
Directors on board
3
As per MCA filings

About Timestar Private Limited

Data last updated:

Timestar Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 24 April 1961 and has been in existence for over 65 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1961PTC011990. Its GSTIN is 27AAACI3210M1ZR (Maharashtra).

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Timestar Limited and Indo-French Time Industries Private Limited. It is led by directors including Rushang Samir Shah and Aashay Samir Shah.

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 12 Udyognagar Estateswamii Vekanand Road Guregaon (West), Mumbai, Maharashtra, India – 400062.

As per the financials filed for FY 2023, the company reported a revenue of ₹1.35 Cr, a decline of 78% compared to the previous year. For the same year it recorded a net loss of ₹1.22 Cr (net margin -90%) and EBITDA of -₹1.62 Cr (EBITDA margin -119.7%). Revenue has declined at a compounded annual rate (CAGR) of 25% over five years.

As per MCA filings, the company has open charges of ₹29.94 Cr and satisfied charges of ₹34.64 Cr on record. Court records list 35 cases involving the company, including 31 filed by the company and 4 filed against it; 19 cases are pending.

Timestar Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0092800). The current compliance status is marked as compliant by the Registrar of Companies.

Company details

CIN U99999MH1961PTC011990
Registration Number 011990
Incorporation Date 24 April 1961
ROC Mumbai
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-MH-18-0092800

Name history

Timestar has undergone 3 name changes throughout its history. The company was previously known as Timestar Limited, Indo-French Time Industries Private Limited, and Indo-French Time Industries Limited. The current legal name is Timestar Private Limited.

Company NameStatus
Timestar Private LimitedCurrent
Timestar LimitedPrevious
Indo-French Time Industries Private LimitedPrevious
Indo-French Time Industries LimitedPrevious

CIN history

Timestar has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U99999MH1961PTC011990, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U99999MH1961PTC011990Current
L99999MH1961PLC011990Previous
U99999MH1961PLC011990Previous
Key People
Rushang Samir Shah Director Aashay Samir Shah Director Sangita Nikunj Shah Director

Recognitions & Rankings of Timestar

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-MH-18-0092800

Contact details

Timestar Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    12 Udyognagar Estateswamii Vekanand Road Guregaon (West), Mumbai, Maharashtra, India – 400062
  • Industry
    Consumer Goods, Watches & Jewelry Manufacturing

To see the full contact details of Timestar Private Limited, buy the company report.

Comprehensive company report
Timestar Private Limited - one report that includes everything
  • 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
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Financials of Timestar Private Limited

FY 2025 filings available

Timestar Private Limited reported revenue of ₹1.35 Cr (down 78% YoY) for FY 2023.

Revenue · FY 2023
₹1.35 Cr ▼ 78%
Net loss · FY 2023
₹1.22 Cr margin -90%
EBITDA · FY 2023
-₹1.62 Cr margin -119.7%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 78%
5 years · compounded
▼ 25%

Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 78% fall 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹1.35 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA-₹1.62 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹1.22 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin-119.7%
Net Profit Margin-90%
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 Timestar Private Limited, buy the company report.

Board of directors of Timestar Private Limited

Timestar has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rushang Samir Shah
Also directs: Poonam Developers LLP, Poonam Habitat LLP, Hind Raj Tiles Manufacturing Company Private Limited and 5 more
Director12 Nov 200124 Years 11 MonthsCurrent
Aashay Samir Shah
Also directs: Poonam Developers LLP, Poonam Habitat LLP, Hind Raj Tiles Manufacturing Company Private Limited and 5 more
Director12 Jan 200422 Years 9 MonthsCurrent
Sangita Nikunj Shah
Also directs: Sanpower Solar LLP
Director03 Apr 200224 Years 6 MonthsCurrent
View all directors

Auditor

Timestar Private Limited is audited by Anup Pandya & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Anup Pandya & AssociatesFY 2023100509W

Shareholding

The shareholding of Timestar Private 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Timestar Private Limited, buy the company report.

Charges & borrowings

Open charges
₹29.94 Cr
Satisfied charges
₹34.64 Cr
Breakdown by lending institutions
Others₹18.75 Cr
Yes Bank Limited₹7.84 Cr
State Bank of Hyderabad₹3.35 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Nov 2024101014690Others₹8 CrOpen
29 Nov 2024101014694Others₹6 CrOpen
14 Nov 2024101001148Others₹4.75 CrOpen
30 Jan 2024100862084Yes Bank Limited₹7.84 CrOpen
22 Dec 198990185542State Bank of Hyderabad₹3.35 CrOpen

To see the full charge records of Timestar Private Limited, buy the company report.

Total charge records: 14 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Timestar Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Timestar has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
27AAACI3210M1ZRMaharashtraActive01 Jul 2017

To see the full GST registrations and return filing status of Timestar Private Limited, buy the company report.

Recent activity

Timestar Private Limited has 4 board changes on record since 2001: 3 appointments and 1 cessation. The latest: Manjula Poonamchand Shah ceased to be Director on 16 Nov 2015.

AGM
Timestar Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 29 Apr 2023 via Charge ID 100802471 with Yes Bank Limited was fully satisfied on 23 Jul 2025.
Filing
Timestar Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 8.00 Cr with Charge ID 101014690 was registered on 29 Nov 2024.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 101014694 was registered on 29 Nov 2024.
Charges
A charge registered on 28 Mar 2023 via Charge ID 100709896 with Axis Bank Limited was fully satisfied on 29 Nov 2024.
Charges
A charge registered on 08 Feb 2022 via Charge ID 100547542 with Axis Bank Limited was fully satisfied on 29 Nov 2024.
Charges
A charge registered on 03 Feb 2022 via Charge ID 100543885 with Axis Bank Limited was fully satisfied on 29 Nov 2024.
Charges
A charge with Others amounted to Rs. 4.75 Cr with Charge ID 101001148 was registered on 14 Nov 2024.
Charges
A charge with Yes Bank Limited amounted to Rs. 7.84 Cr with Charge ID 100862084 was registered on 30 Jan 2024.
Charges
A charge with Yes Bank Limited amounted to Rs. 7.95 Cr with Charge ID 100802471 was registered on 29 Apr 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 1.94 Cr with Charge ID 100709896 was registered on 28 Mar 2023.

22 earlier events are in the company report.

Frequently asked questions

Timestar is an active private limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 24 April 1961 (65+ years old) and is registered under CIN U99999MH1961PTC011990.

Timestar has 3 current directors:

The latest financial statements of Timestar on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Timestar is 27AAACI3210M1ZR, registered in Maharashtra.

The CIN (Corporate Identification Number) of Timestar is U99999MH1961PTC011990. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Timestar has 35 court cases on record: 31 filed by the company and 4 filed against it. 19 are pending. Most are in the high courts.

Timestar was incorporated on 24 April 1961, making it 65+ years old. It is registered with the Registrar of Companies, Mumbai.

Manjula Poonamchand Shah ceased to be Director on 16 Nov 2015. Aashay Samir Shah was appointed as Director on 12 Jan 2004. Sangita Nikunj Shah was appointed as Director on 03 Apr 2002. Timestar has 4 board changes on record in total.

Yes, Timestar is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0092800).

The registered office of Timestar is at 12 Udyognagar Estateswamii Vekanand Road Guregaon West, Mumbai, Maharashtra, India – 400062.