About Tolani Shipping Company Limited
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Tolani Shipping Company Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the shipbuilding and repair services segment of the transport and logistics sector. It was incorporated on 29 January 1974 and has been in existence for over 52 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U61100MH1974PLC017161. Its GSTIN is 27AAACT4127C1ZR (Maharashtra).
The company has an authorised share capital of ₹215.75 Cr and a paid-up capital of ₹54.65 Cr. It is led by directors including Kumar Ramamurthy (Managing Director) and Sujata Arun Naik.
Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 10 – A Bakhtawar Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹190.67 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹65.39 Cr (net margin 34.3%) and EBITDA of ₹157.17 Cr (EBITDA margin 82.4%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 16% over five years.
As per MCA filings, the company has open charges of ₹442.05 Cr and satisfied charges of ₹3,730.32 Cr on record. Court records list 25 cases involving the company, including 10 filed by the company and 15 filed against it; 9 cases are pending. The company has 11 deals on record (9 secondary share transfers, 2 funding rounds), with disclosed funding of ₹33.72 Cr; the latest was in September 2017. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 7 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tolanigroup.com.
Company details
Contact details
Tolani Shipping Company Limited's registered office is in Mumbai, Maharashtra. Its website is tolanigroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address10 – A Bakhtawar Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryTransport and Logistics, Shipbuilding & Repair Services
To see the full contact details of Tolani Shipping Company 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 Tolani Shipping Company is transport and storage. In detail, this covers water transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H3 | Water transport |
To see the full business activity and turnover split of Tolani Shipping Company Limited, buy the company report.
Financials of Tolani Shipping Company Limited
FY 2025 filings availableTolani Shipping Company Limited reported revenue of ₹190.67 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 11% growth in the latest year. EBITDA rose 5% 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 | ₹190.67 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹157.17 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹65.39 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 | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 82.4% | ||||
| Net Profit Margin | 34.3% | ||||
| 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 Tolani Shipping Company Limited, buy the company report.
Board of directors of Tolani Shipping Company Limited
Tolani Shipping Company has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kumar Ramamurthy Also directs: Tolani Education Foundation, Sukritim Charitable Foundation | Managing Director | 26 Jul 2000 | 26 Years 3 Months | Current |
| Anil Harish | Additional Director | 12 Sep 2024 | 2 Years 1 Months | Current |
| Sujata Arun Naik | Director | 13 Nov 2006 | 19 Years 11 Months | Current |
Auditor
Tolani Shipping Company Limited is audited by Chandabhoy & Jassoobhoy for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chandabhoy & Jassoobhoy | FY 2025 | 101647W |
Shareholding
The shareholding of Tolani Shipping Company Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tolani Shipping Company Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Sep 2024 | 100978762 | Hdfc Bank Limited | ₹210 Cr | Open | |
| 17 Aug 2023 | 100777413 | Hdfc Bank Limited | ₹113.05 Cr | Open | |
| 15 Apr 2023 | 100716223 | Hdfc Bank Limited | ₹119 Cr | Open | |
| 28 Mar 2019 | 100256739 | Others | ₹7,023 | Open | |
| 19 Dec 2018 | 100224226 | Others | ₹139.32 Cr | Satisfied |
To see the full charge records of Tolani Shipping Company Limited, buy the company report.
Total charge records: 75 View all charges
Deals & funding
Tolani Shipping Company Limited has 11 deals on record (9 secondary share transfers, 2 funding rounds), with disclosed funding of ₹33.72 Cr; the latest was in September 2017.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2017 | Secondary share transfer | Undisclosed | Seller: Others - Tolani Shipping Company Limited |
| Feb 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: Tolani Engineers Private Limited Seller: an individual |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
To see the full deal history of Tolani Shipping Company 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
Tolani Shipping Company Limited has 25 court cases on record: 10 filed by Tolani Shipping Company, 15 filed against it. 9 cases are pending and 16 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 23 | 15 | 9 |
| District courts | 1 | 0 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Aamby Valley Ltd | Pending |
| Bombay High Court | Appeal | Filed against the company by Jindal Saw Limited | Pending |
| High Court of Gujarat | Court case (AS) | Filed against the company by Indian Synthetic Rubber Private Limited | Disposed |
| District court, Pune, Maharashtra | Execution petition | Filed by the company against Aamby Valley Limited | Disposed |
| Bombay High Court | Court case (CAF) | Filed against the company by Jindal Saw Limited | Disposed |
To see the full case history of Tolani Shipping Company 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.
Credit ratings & regulatory alerts
Tolani Shipping Company Limited was last rated by Care on 27 Feb 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 27 Feb 2026 |
To see the full credit ratings and regulatory alerts of Tolani Shipping Company Limited, buy the company report.
MSME payment delays
Tolani Shipping Company Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 7 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Marks Marine Radio Private Limited | |||
| Torque Technics | |||
| Elektronik Lab India Private Limited |
To see the full MSME payment records of Tolani Shipping Company Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Tolani Shipping Company has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT4127C1ZR | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tolani Shipping Company Limited, buy the company report.
Recent activity
Tolani Shipping Company Limited has 20 board changes on record since 2000: 4 appointments and 16 cessations. The latest: Naresh Chand Singhal ceased to be Director on 22 Sep 2024.
171 earlier events are in the company report.
Frequently asked questions
Tolani Shipping Company is an active public limited company based in Mumbai, Maharashtra, India. The company works in shipbuilding and repair services, within the transport and logistics industry. It was incorporated on 29 January 1974 (52+ years old) and is registered under CIN U61100MH1974PLC017161.
Tolani Shipping Company has 3 current directors:
- Kumar Ramamurthy - Managing Director
- Anil Harish - Additional Director
- Sujata Arun Naik - Director
The latest financial statements of Tolani Shipping Company on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Tolani Shipping Company is 27AAACT4127C1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Tolani Shipping Company is U61100MH1974PLC017161. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tolani Shipping Company has 25 court cases on record: 10 filed by the company and 15 filed against it. 9 are pending. Most are in the high courts.
Tolani Shipping Company was incorporated on 29 January 1974, making it 52+ years old. It is registered with the Registrar of Companies, Mumbai.
Tolani Shipping Company has 11 deals on record (9 secondary share transfers, 2 funding rounds), with disclosed funding of ₹33.72 Cr; the latest was in September 2017.
Naresh Chand Singhal ceased to be Director on 22 Sep 2024. Anil Harish was appointed as Additional Director on 12 Sep 2024. Kishin Chimanlal Chhablani ceased to be Director on 13 Jun 2018. Tolani Shipping Company has 20 board changes on record in total.
Tolani Shipping Company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 7 overdue payments to 3 micro and small suppliers. The latest return was filed on 08 Jun 2019.
Tolani Shipping Company can be reached through the website tolanigroup.com. Its registered office is in Mumbai, Maharashtra, India.
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