MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-01-0056165
Tower Overseas Limited - financial services in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹2.55 Cr
▼ 75% YoY
Net loss · FY 2025
₹69.46 Lakh
Net margin -27.3%
EBITDA · FY 2025
-₹68.56 Lakh
EBITDA margin -26.9%
Authorised capital
₹7.5 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Satisfied charges
₹91.5 Cr
No open charges
Company age
40 yrs
Est. 1986
Directors on board
3
As per MCA filings
About Tower Overseas Limited
Data last updated:
Tower Overseas Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 16 December 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U17119GJ1986PLC009237. Its GSTIN is 24AABCT6695C1ZB (Gujarat). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as M. D. Roadlines P Ltd and M. D. Roadlines Ltd. It is led by directors including Vimal Ramniklal Ambani (Managing Director) and Arunkumar Champaklal Nagori.
Its last annual general meeting (AGM) was held on 18 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Vimal Towers 7 Gadhvi Society Navrangpura, Ahmedabad, Gujarat, India – 380014.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.55 Cr, a decline of 75% compared to the previous year. For the same year it recorded a net loss of ₹69.46 Lakh (net margin -27.3%) and EBITDA of -₹68.56 Lakh (EBITDA margin -26.9%). Revenue has declined at a compounded annual rate (CAGR) of 288% over three years and 25% over five years.
As per MCA filings, the company has satisfied charges of ₹91.5 Cr on record. Court records list 44 cases involving the company, including 32 filed by the company and 12 filed against it; 2 cases are pending.
Tower Overseas Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0056165). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website toweroverseas.com.
Company Details of Tower Overseas Limited
CIN U17119GJ1986PLC009237
Registration Number 009237
Incorporation Date 16 December 1986
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 18 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0056165
Name History
Tower Overseas has undergone 2 name changes throughout its history. The company was previously known as M. D. Roadlines P Ltd, and M. D. Roadlines Ltd. The current legal name is Tower Overseas Limited.
| Company Name | Status |
|---|---|
| Tower Overseas Limited | Current |
| M. D. Roadlines P Ltd | Previous |
| M. D. Roadlines Ltd | Previous |
Key People
Vimal Ramniklal Ambani Managing Director Arunkumar Champaklal Nagori Director Sharadkumar Parmanand Muchhala Director Recognitions & Rankings of Tower Overseas
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressVimal Towers 7 Gadhvi Society Navrangpura, Ahmedabad, Gujarat, India – 380014
- IndustryFinancial Services, Brokerage & Trading Services
Comprehensive company report
Tower Overseas 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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Business Activity
The main business activity of Tower Overseas is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Tower Overseas Limited
FY 2025 filings availableTower Overseas Limited reported revenue of ₹2.55 Cr (down 75% YoY) for FY 2025.
Revenue · FY 2025
₹2.55 Cr ▼ 75%
Net loss · FY 2025
₹69.46 Lakh margin -27.3%
EBITDA · FY 2025
-₹68.56 Lakh margin -26.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 75%
3 years · compounded
▲ 288%
5 years · compounded
▼ 25%
EBITDA CAGR growth
3 years · compounded
▼ 4%
5 years · compounded
▼ 21%
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 75% 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
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | •••• | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | -₹68.56 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹69.46 Lakh | |
| 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 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -26.9% | |
| Net Profit Margin | -27.3% | |
| 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 | •••• | |
Paid data: the figures shown as dots, and every line for FY 2020-21 to FY 2023-24, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Tower Overseas are in the company report.
: available in the company report
Board of Directors of Tower Overseas Limited
Tower Overseas has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arunkumar Champaklal Nagori Also directs: Yashraj Investments and Leasing Company Private Limited, Anjali Fiscal Pvt Ltd, Liberty Consultants Private Limited and 1 more | Director | 20 Jan 2010 | 16 Years 9 Months | Current |
| Sharadkumar Parmanand Muchhala Also directs: Yashraj Investments and Leasing Company Private Limited | Director | 15 Mar 1993 | 33 Years 7 Months | Current |
| Vimal Ramniklal Ambani Also directs: Yashraj Investments and Leasing Company Private Limited, Action Exports LLP, Sevati Real Estates LLP and 4 more | Managing Director | 15 Mar 1993 | 33 Years 7 Months | Current |
Auditor Details
Tower Overseas Limited is audited by H. S. JANI & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| H. S. JANI & ASSOCIATES | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Open charges
None
Satisfied charges
₹91.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Dec 2008 | State Bank of India | ₹30 Cr | Satisfied |
| 04 Oct 2006 | Kotak Mahindra Bank Ltd | ₹1.5 Cr | Satisfied |
| 11 Aug 2006 | Hdfc Bank Limited | ₹60 Cr | Satisfied |
Total charge records: 3 View all charges
Legal Cases
Tower Overseas Limited has 44 court cases on record: 32 filed by Tower Overseas, 12 filed against it. 2 cases are pending and 42 are disposed.
Total cases
44
Filed by the company
32
Filed against the company
12
Pending
2
Disposed
42
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 40 | 10 | 2 |
| High courts | 4 | 2 | 0 |
Cases on record (5 of 44)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed by the company against Ace Media Solutions Pvt. Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Shashandev Cotton Trading Pvt. Ltd. and 6 others | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Ace Media Solutions Pvt. Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Ace Media Solutions Pvt. Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Shashandev Cotton Trading Pvt. Ltd. and 6 others | Disposed |
: available in 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.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Tower Overseas.
: available in the company report
Recent Activity
Tower Overseas Limited has 5 board changes on record since 1993: 3 appointments and 2 cessations. The latest: Arunkumar Champaklal Nagori ceased to be Additional Director on 30 Sep 2010.
AGM
Tower Overseas Limited last Annual general meeting of members was held on 18 Sep 2025 as per latest MCA records.
Filing
Tower Overseas Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 11 Aug 2006 via Charge ID 10024920 with Hdfc Bank Limited was fully satisfied on 05 Oct 2015.
Charges
A charge registered on 01 Dec 2008 via Charge ID 10131753 with State Bank Of India was fully satisfied on 17 Mar 2011.
Ceased
Arunkumar Champaklal Nagori ceased to be Additional Director.
Appointed
Arunkumar Champaklal Nagori was appointed as Director.
Ceased
Meena Ramniklal Ambani ceased to be Director.
Charges
A charge registered on 04 Oct 2006 via Charge ID 10025999 with Kotak Mahindra Bank Ltd was fully satisfied on 05 Nov 2009.
Charges
A charge with State Bank Of India amounted to Rs. 30.00 Cr with Charge ID 10131753 was registered on 01 Dec 2008.
Charges
A charge with Hdfc Bank Limited of Rs. 60.00 Cr registered on 11 Aug 2006 with Charge ID 10024920 was modified on 17 Jul 2008.
Charges
A charge with Kotak Mahindra Bank Ltd amounted to Rs. 1.50 Cr with Charge ID 10025999 was registered on 04 Oct 2006.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 60.00 Cr with Charge ID 10024920 was registered on 11 Aug 2006.
3 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Tower Overseas has 6 GST registrations: 1 active and 5 cancelled or inactive.
Total GSTINs
6
Active
1
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCT6695C1ZB | Gujarat | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Tower Overseas is an active public limited company based in Ahmedabad, Gujarat, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 16 December 1986 (40+ years old) and is registered under CIN U17119GJ1986PLC009237.
Tower Overseas has 3 current directors:
- Vimal Ramniklal Ambani - Managing Director
- Arunkumar Champaklal Nagori - Director
- Sharadkumar Parmanand Muchhala - Director
The latest financial statements of Tower Overseas on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 18 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Tower Overseas is 24AABCT6695C1ZB, registered in Gujarat. The company has 6 GST registrations in all, of which 1 is active and 5 are cancelled or inactive.
The CIN (Corporate Identification Number) of Tower Overseas is U17119GJ1986PLC009237. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tower Overseas has 44 court cases on record: 32 filed by the company and 12 filed against it. 2 are pending. Most are in the district courts.
Tower Overseas was incorporated on 16 December 1986, making it 40+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Arunkumar Champaklal Nagori ceased to be Additional Director on 30 Sep 2010. Arunkumar Champaklal Nagori was appointed as Director on 20 Jan 2010. Meena Ramniklal Ambani ceased to be Director on 20 Jan 2010. Tower Overseas has 5 board changes on record in total.
Yes, Tower Overseas is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0056165).
Tower Overseas can be reached through the website toweroverseas.com. Its registered office is in Ahmedabad, Gujarat, India.