About TML Drivelines Limited
Data last updated:
TML Drivelines Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Tata Motors 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 auto parts and components segment of the automotive sector. It was incorporated on 13 March 2000.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U34100MH2000PLC124874. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹100 Cr and a paid-up capital of ₹77 Cr. It was led by directors including Hoshang Keki Sethna and Prasann Kumar Chobe.
Its last annual general meeting (AGM) was held on 18 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Tata Motors Ltd 3rd Flnanavati Mahalaya 18 Homi Mody Street Hutatma Chowk, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2017, the company reported a revenue of ₹551.16 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹50.43 Cr (net margin 9.2%) and EBITDA of ₹103.59 Cr (EBITDA margin 18.8%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 3% over five years.
The company had about 3,299 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹391.5 Cr on record. Court records list 18 cases involving the company, including 9 filed by the company and 9 filed against it; 2 cases are pending. The company has 4 deals on record (4 secondary share transfers); the latest was in December 2011.
The last known website on record is tmldrivelines.com.
Company details
Contact details
TML Drivelines Limited's registered office is in Mumbai, Maharashtra. Its website is tmldrivelines.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressTata Motors Ltd 3rd Flnanavati Mahalaya 18 Homi Mody Street Hutatma Chowk, Mumbai, Maharashtra, India – 400001
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of TML Drivelines 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
Financials of TML Drivelines Limited
FY 2017 filings availableTML Drivelines Limited reported revenue of ₹551.16 Cr (down 3% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 3% over five years, including a 3% fall in the latest year. EBITDA fell 21% 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 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | ₹551.16 Cr | ||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
| Finance Costs | |||
| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | ₹103.59 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹50.43 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 | 18.8% | ||
| Net Profit Margin | 9.2% | ||
| 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 TML Drivelines Limited, buy the company report.
Board of directors and KMP of TML Drivelines Limited
TML Drivelines Limited currently reports 5 directors and 2 key managerial personnel. 18 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hoshang Keki Sethna | Director | 31 Aug 2004 | 22 Years 2 Months | As last reported |
| Vispi Sarosh Patel | Company Secretary | 11 Nov 2011 | 15 Years 0 Months | As last reported |
| Prasann Kumar Chobe | Director | 31 Oct 2012 | 14 Years 0 Months | As last reported |
| Ajit Kumar Jindal Also directs: B. D. Industries (Pune) Limited, Taco EV Component Solutions Private Limited, Taco Punch Powertrain Private Limited and 2 more | Director | 05 May 2011 | 15 Years 6 Months | As last reported |
| Gurvinder Singh Ahuja Also directs: Kross Limited | Cfo | 25 Apr 2014 | 12 Years 6 Months | As last reported |
| Satish Balkrishna Borwankar Also directs: Swargiya Matoshri Anaapurna Bai Foundation | Director | 22 Sep 2007 | 19 Years 1 Months | As last reported |
Auditor
TML Drivelines Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DELOITTE HASKINS & SELLS LLP | FY 2017 | 117366W/W- |
Shareholding
The shareholding of TML Drivelines 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 TML Drivelines Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Nov 2007 | 10079837 | Central Bank of India | ₹100 Cr | Satisfied | |
| 29 Nov 2007 | 10083629 | Hdfc Bank Limited | ₹100 Cr | Satisfied | |
| 23 Nov 2000 | 90143132 | Central Bank of India | ₹75 Cr | Satisfied | |
| 23 Nov 2000 | 80018864 | Central Bank of India | ₹2 Cr | Satisfied | |
| 21 Nov 2000 | 80018878 | State Bank of India | ₹114.5 Cr | Satisfied |
To see the full charge records of TML Drivelines Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
TML Drivelines Limited has 4 deals on record (4 secondary share transfers); the latest was in December 2011.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2011 | Secondary share transfer | Undisclosed | Buyer: Tata Motors Limited Seller: Tata Capital Limited |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Tata Capital Limited Seller: Tata Motors Limited |
| Dec 2007 | Secondary share transfer | Undisclosed | Buyer: Tata Capital Limited Seller: Tata Motors Limited |
| Oct 2007 | Secondary share transfer | Undisclosed | Buyer: Tata Motors Limited & Vispi Patel, Tata Motors Limited & Somaiya B V, Tata Motors Limited & Telang MP Seller: Tata Motors Limited & P P Kadle, Tata Motors Limited & P C Bandivadekar, Tata Motors Limited & R S Thakur |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
TML Drivelines Limited has 18 court cases on record: 9 filed by TML Drivelines, 9 filed against it. 2 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 9 | 2 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, JHARKHAND | Writ petition | Filed by the company against The State of Jharkhand and 3 others | Pending |
| High Court of Jharkhand | Writ petition | Filed against the company | Pending |
| High Court, JHARKHAND | Writ petition | Filed by the company against The State of Jharkhand Through the Secretary Commercial Taxes Deptt and 3 others | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by PR. Commissioner of Income Tax-2 | Disposed |
| High Court | Writ petition | Filed by the company against The State of Jharkhand and 3 others | Disposed |
To see the full case history of TML Drivelines 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 TML Drivelines Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
TML Drivelines 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 TML Drivelines Limited, buy the company report.
Recent activity
TML Drivelines Limited has 24 board changes on record since 2004: 7 appointments and 17 cessations. The latest: Rakesh Makhija ceased to be Director on 30 Mar 2018.
26 earlier events are in the company report.
Frequently asked questions
TML Drivelines 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.
TML Drivelines was a public limited company based in Mumbai, Maharashtra, India. The company worked in auto parts and components, within the automotive industry. It was incorporated on 13 March 2000 and is registered under CIN U34100MH2000PLC124874. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
TML Drivelines was incorporated on 13 March 2000. It is registered with the Registrar of Companies, Mumbai.
TML Drivelines had 7 directors and KMP:
- Hoshang Keki Sethna - Director
- Prasann Kumar Chobe - Director
- Ajit Kumar Jindal - Director
- Satish Balkrishna Borwankar - Director
- Vispi Sarosh Patel - Company Secretary
- Gurvinder Singh Ahuja - Cfo
- Morri Sampath Kumar - Manager
The CIN (Corporate Identification Number) of TML Drivelines is U34100MH2000PLC124874. 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 TML Drivelines is at Tata Motors Ltd 3rd Flnanavati Mahalaya 18 Homi Mody Street Hutatma Chowk, Mumbai, Maharashtra, India – 400001.
TML Drivelines can be reached through the website tmldrivelines.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of TML Drivelines on record with the MCA are for the year ended 31 March 2017. Its last annual general meeting was held on 18 September 2017. Year-wise statements from 2015 are in the company report.
No. TML Drivelines has 2 GST registrations on record and all of them are cancelled or inactive.
TML Drivelines operated in the automotive industry, in the auto parts and components segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
