About Tirupati Innovar Limited
Data last updated:
Tirupati Innovar Limited is a public limited company based in Jogeshwari West, Maharashtra, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 03 May 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L46209MH1988PLC285197. The company has 2 GST registrations on record, none of which is active. It is a listed company as per MCA records. Its shares are listed on BSE: 539040.
The company has an authorised share capital of ₹99 Cr and a paid-up capital of ₹24.44 Cr. It was formerly known as Tirupati Tyres Ltd. It is led by directors including Kiran Parsotambhai Makhecha and Ashishbhai Jentilal Bechara.
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Jogeshwari West, Maharashtra.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹142.73 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹66 Lakh (net margin 0.5%) and EBITDA of -₹62 Lakh (EBITDA margin -0.4%).
Court records list 4 cases involving the company, including 4 filed against it; 1 case is pending. The company has 170 deals on record (166 market trades, 4 acquisitions); the latest was in August 2026.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tirupatityresltd.com.
Company details
CIN history
Tirupati Innovar has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L46209MH1988PLC285197, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L46209MH1988PLC285197 | Current |
| L25111MH1988PLC285197 | Previous |
| L25111PB1988PLC008339 | Previous |
Contact details
Tirupati Innovar Limited's registered office is in Jogeshwari West, Maharashtra.
- Registered AddressUnit No 606 Reliables Pride Anand Nagar, Opp Heera Panna, Jogeshwari West, Maharashtra, India – 400102
- IndustryAutomotive, Auto Dealership & Trading
- 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
Financials of Tirupati Innovar Limited
FY 2025-26 filings availableTirupati Innovar Limited reported revenue of ₹142.73 Cr (up 1198.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 143 | 10.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Revenue growth | +1198.7% | - | - | - | - | - | - |
| EBITDA | (0.62) | 0.52 | (0.28) | (0.07) | (0.11) | (0.70) | (0.17) |
| EBITDA margin | -0.4% | +4.7% | - | - | - | - | - |
| Profit before tax | 0.88 | 1.34 | 0.12 | 0.22 | 0.15 | (0.70) | (0.17) |
| Net profit | 0.66 | 1.00 | 0.09 | 0.22 | 0.15 | (0.12) | (0.17) |
| Net profit margin | +0.5% | +9.1% | - | - | - | - | - |
| EPS (₹) | 0.27 | 0.41 | 0.04 | 0.09 | 0.46 | (2.02) | (0.49) |
| Balance sheet | |||||||
| Total assets | - | 59.64 | 54.00 | 53.91 | 1.20 | 1.15 | 1.74 |
| Net worth | - | 54.99 | 54.00 | 53.91 | 1.19 | 1.04 | 1.73 |
| Total debt | - | 4.65 | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 |
| Cash & bank | - | 0.22 | 0.04 | 0.08 | 0.03 | 0.06 | 0.03 |
| Net working capital | - | 59.56 | 53.86 | 53.92 | 1.20 | 1.15 | 1.15 |
| Cash flow | |||||||
| Cash from operations | - | (4.46) | 0.02 | (0.29) | 0.08 | (0.67) | 0.11 |
| Cash from investing | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.58 | 0.00 |
| Cash from financing | - | 4.64 | (0.07) | 0.34 | (0.10) | 0.12 | (0.09) |
| Particulars | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 73.20 | 21.00 | 48.53 | 0.00 | 10.99 | 0.00 | 0.00 | 0.00 |
| Revenue growth (YoY) | +566.1% | - | - | - | - | - | - | - |
| Other income | 0.39 | 0.00 | 0.00 | 1.11 | 0.00 | 0.37 | 0.23 | 0.22 |
| Total expenses | 76.04 | 20.62 | 46.50 | 0.19 | 10.08 | 0.17 | 0.17 | 0.06 |
| EBITDA | (2.84) | 0.38 | 2.03 | (0.19) | 0.91 | (0.17) | (0.17) | (0.06) |
| EBITDA margin | -3.9% | +1.8% | +4.2% | - | +8.3% | - | - | - |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (2.45) | 0.38 | 2.03 | 0.92 | 0.91 | 0.20 | 0.06 | 0.16 |
| Tax | (0.62) | 0.10 | 0.51 | 0.23 | 0.23 | 0.04 | 0.02 | 0.05 |
Financial Statements
| Particulars | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 73.20 | 21.00 | 48.53 | 0.00 | 10.99 | 0.00 | 0.00 | 0.00 |
| Revenue growth (YoY) | +566.1% | - | - | - | - | - | - | - |
| Other income | 0.39 | 0.00 | 0.00 | 1.11 | 0.00 | 0.37 | 0.23 | 0.22 |
| Total expenses | 76.04 | 20.62 | 46.50 | 0.19 | 10.08 | 0.17 | 0.17 | 0.06 |
| EBITDA | (2.84) | 0.38 | 2.03 | (0.19) | 0.91 | (0.17) | (0.17) | (0.06) |
| EBITDA margin | -3.9% | +1.8% | +4.2% | - | +8.3% | - | - | - |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | (2.45) | 0.38 | 2.03 | 0.92 | 0.91 | 0.20 | 0.06 | 0.16 |
| Tax | (0.62) | 0.10 | 0.51 | 0.23 | 0.23 | 0.04 | 0.02 | 0.05 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 143 | 10.99 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Revenue growth | +1198.7% | - | - | - | - | - | - |
| Other income | 1.50 | 0.82 | 0.41 | 0.29 | 0.26 | 0.00 | 0.00 |
| Total expenses | 143 | 10.47 | 0.28 | 0.07 | 0.11 | 0.70 | 0.17 |
| Employee cost | 0.00 | 0.36 | 0.17 | 0.03 | 0.03 | 0.03 | 0.00 |
| EBITDA | (0.62) | 0.52 | (0.28) | (0.07) | (0.11) | (0.70) | (0.17) |
| EBITDA margin | -0.4% | +4.7% | - | - | - | - | - |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest | 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 0.88 | 1.34 | 0.12 | 0.22 | 0.15 | (0.70) | (0.17) |
| Tax | 0.22 | 0.34 | 0.03 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 0.66 | 1.00 | 0.09 | 0.22 | 0.15 | (0.12) | (0.17) |
| Net profit margin | +0.5% | +9.1% | - | - | - | - | - |
| EPS (₹) | 0.27 | 0.41 | 0.04 | 0.09 | 0.46 | (2.02) | (0.49) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | - | 24.44 | 24.44 | 24.44 | 3.44 | 3.44 | 3.44 |
| Reserves & surplus | - | 30.55 | 29.56 | 29.47 | (2.25) | (2.40) | (1.71) |
| Shareholders' funds (net worth) | - | 54.99 | 54.00 | 53.91 | 1.19 | 1.04 | 1.73 |
| Secured loans | - | 4.65 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 |
| Total debt | - | 4.65 | 0.00 | 0.00 | 0.00 | 0.11 | 0.00 |
| Total liabilities | - | 59.64 | 54.00 | 53.91 | 1.20 | 1.15 | 1.74 |
| Assets | |||||||
| Gross block | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net block | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Capital work in progress | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.58 |
| Inventories | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | - | 12.60 | 1.31 | 1.25 | 1.18 | 1.12 | 1.15 |
| Cash & bank balances | - | 0.22 | 0.04 | 0.08 | 0.03 | 0.06 | 0.03 |
| Loans & advances | - | 57.04 | 52.57 | 52.62 | 0.05 | 0.00 | 0.01 |
| Total current assets | - | 69.86 | 53.92 | 53.95 | 1.26 | 1.18 | 1.19 |
| Total current liabilities | - | 10.30 | 0.06 | 0.03 | 0.06 | 0.03 | 0.04 |
| Net working capital | - | 59.56 | 53.86 | 53.92 | 1.20 | 1.15 | 1.15 |
| Total assets | - | 59.64 | 54.00 | 53.91 | 1.20 | 1.15 | 1.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 0.04 | 0.08 | 0.03 | 0.06 | 0.03 | 0.02 |
| Net cash from operating activities | - | (4.46) | 0.02 | (0.29) | 0.08 | (0.67) | 0.11 |
| Net cash from investing activities | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.58 | 0.00 |
| Net cash from financing activities | - | 4.64 | (0.07) | 0.34 | (0.10) | 0.12 | (0.09) |
| Net change in cash | - | 0.19 | (0.05) | 0.05 | (0.02) | 0.03 | 0.01 |
| Closing cash | - | 0.22 | 0.04 | 0.08 | 0.03 | 0.06 | 0.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +1198.7% | - | - | - | - | - | - |
| EBITDA growth | -219.2% | +285.7% | -300.0% | +36.4% | +84.3% | -311.8% | - |
| PBT growth | -34.3% | +1016.7% | -45.5% | +46.7% | +9998.0% | -311.8% | +46.9% |
| Net income growth | -34.0% | +1011.1% | -59.1% | +46.7% | +225.0% | +29.4% | - |
| Revenue CAGR (3Y) | - | - | - | - | -100.0% | -100.0% | -100.0% |
| EBITDA CAGR (3Y) | +106.9% | - | -26.3% | -25.6% | -28.4% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +0.5% | +9.1% | - | - | - | - | - |
| Return on capital employed | - | +2.3% | +0.2% | +0.8% | +7.0% | 0.0% | 0.0% |
| Return on net worth | - | +1.8% | +0.2% | +0.8% | +7.1% | 0.0% | 0.0% |
| Debt / equity | - | 0.04 | 0.00 | 0.00 | 0.05 | 0.04 | 0.02 |
| Long-term debt / equity | - | 0.04 | 0.00 | 0.00 | 0.05 | 0.04 | 0.02 |
| Interest cover | 0.00 | 0.00 | -3.57 | 0.00 | 0.00 | 0.00 | 0.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 1.58 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (₹) | 0.27 | 0.41 | 0.04 | 0.09 | 0.46 | (2.02) | (0.49) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 22.50 | 22.09 | 22.06 | 3.48 | 3.02 | 5.04 |
To see the full year-wise statements and ratios of Tirupati Innovar Limited, buy the company report.
Board of directors and KMP of Tirupati Innovar Limited
Tirupati Innovar Limited currently reports 5 directors and 1 key managerial person. 37 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pavankumar Kamleshbhai Patel | Cfo | 02 Dec 2024 | 1 Years 11 Months | Current |
| Kiran Parsotambhai Makhecha | Director | 05 Dec 2024 | 1 Years 11 Months | Current |
| Ashishbhai Jentilal Bechara | Director | 02 Dec 2024 | 1 Years 11 Months | Current |
| Akash Jitendrakumar Patel | Director | 28 Aug 2025 | 1 Years 2 Months | Current |
| Nileshbhai Shyamlal Koshti | Director | 28 Aug 2025 | 1 Years 2 Months | Current |
| Manjotsingh Surjitsingh Oberoi Also directs: Waterlily Poultry Farm Private Limited | Additional Director | 02 May 2026 | 0 Years 6 Months | Current |
Deals & funding
Tirupati Innovar Limited has 170 deals on record (166 market trades, 4 acquisitions); the latest was in August 2026.
Deals on record (5 of 170)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2026 | Market trade | ₹1.48 Cr | Buyer: Multiplier Share and Stock Advisors Private Limited , an individual Seller: L7 Hitech Private Limited |
| Jun 2026 | Market trade | ₹23.2 Lakh | Buyer: L7 Hitech Private Limited Seller: L7 Hitech Private Limited |
| Jun 2026 | Market trade | ₹16 Lakh | Buyer: L7 Hitech Private Limited Seller: L7 Hitech Private Limited |
| Jun 2026 | Market trade | ₹43.3 Lakh | Buyer: L7 Hitech Private Limited , an individual Seller: L7 Hitech Private Limited , 2 individuals |
| May 2026 | Market trade | ₹1.54 Cr | Buyer: L7 Hitech Private Limited , Green Peaks Enterprises LLP , 2 individuals Seller: Green Peaks Enterprises LLP , L7 Hitech Private Limited , an individual |
To see the full deal history of Tirupati Innovar 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
Tirupati Innovar Limited has 4 court cases on record: 4 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by Assistant/Deputy Registrar of Companies Mumbai | Pending |
| District court, Ludhiana, Punjab | Court case (CRR) | Filed against the company by an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Hazel Meercantile Ltd | Disposed |
| Bombay High Court | Court case (SS) | Filed against the company by Hazel Meercantile Ltd. | Disposed |
To see the full case history of Tirupati Innovar 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 Tirupati Innovar Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Tirupati Innovar has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Tirupati Innovar Limited, buy the company report.
Recent activity
Tirupati Innovar Limited has 42 board changes on record since 2008: 6 appointments and 36 cessations. The latest: Manjotsingh Surjitsingh Oberoi was appointed as Additional Director on 02 May 2026.
33 earlier events are in the company report.
Frequently asked questions
Tirupati Innovar is an active public limited company based in Jogeshwari West, Maharashtra, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 03 May 1988 (38+ years old) and is registered under CIN L46209MH1988PLC285197. Listed on BSE: 539040.
Tirupati Innovar reported revenue of ₹142.73 Cr for FY 2025-26 (up 1198.7% YoY) based on standalone financials.
Tirupati Innovar has 6 current directors and KMP:
- Kiran Parsotambhai Makhecha - Director
- Ashishbhai Jentilal Bechara - Director
- Akash Jitendrakumar Patel - Director
- Nileshbhai Shyamlal Koshti - Director
- Manjotsingh Surjitsingh Oberoi - Additional Director
- Pavankumar Kamleshbhai Patel - Cfo
The latest financial statements of Tirupati Innovar on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
No. Tirupati Innovar has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Tirupati Innovar is L46209MH1988PLC285197. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Tirupati Innovar is a listed company as per MCA records. Its shares are listed on BSE (code: 539040).
Tirupati Innovar has 4 court cases on record: 4 filed against it. 1 is pending. Most are in the district courts.
Tirupati Innovar was incorporated on 03 May 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
Tirupati Innovar has 170 deals on record (166 market trades, 4 acquisitions); the latest was in August 2026.
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