Tower Steels Limited - Company Profile

It is a metals and minerals public limited company based in Madurai, Tamil Nadu, India, established in 1993.
1993 Madurai, Tamil Nadu, India Dormant Under Section 455
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About Tower Steels Limited

Tower Steels Limited, a dormant under section 455 public limited company, was established on 07 June 1993 in Madurai, Tamil Nadu, India. Engaging in steel manufacturing & processing within the manufacturing sector, it holds CIN: U27105TN1993PLC025178. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹2.55 Cr and a paid-up capital of ₹2.05 Cr.

Formerly known as Tor Steels (India) Ltd. Its leadership includes Padmanabhan Ganapathy Subramanian (Director), Athisayapandiyan Pushparajan (Director), Dhasarathan Nehru (Director). Past directors included Harishraj, Ramaiah Jeyaraj. It holds no open charges and ₹8.08 Cr settled loans. Its latest AGM occurred on 30 December 2015, with the balance sheet filed on 31 March 2015. It is based at Plot No C19Sidco Industrial Estate Kappalur, Madurai, Tamil Nadu, 625008.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U27105TN1993PLC025178

  • Registration Number

    025178

  • Incorporation Date

    07 June 1993

  • Authorized Capital

    ₹2.55 Cr

  • Paid-Up Capital

    ₹2.05 Cr

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Dormant Under Section 455

Key Metrics
  • Authorised Capital ₹ 2.55 Cr
  • Paid Up Capital ₹ 2.05 Cr
  • Company Age 32 Year, 8 Months
  • Last Filing with ROC 31 Mar 2015
  • Satisfied Charges ₹ 8.08 Cr
  • Revenue Growth **** -67.71%
  • Profit Growth **** 475.31%
  • Ebitda **** -45.56%
  • Net Worth -65.80%
  • Total Assets -59.22%
Company report

Tower Steels Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Tower Steels Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Tower Steels Limited?
Current Directors
Name Designation Appointment Date Status
Padmanabhan Ganapathy Subramanian Director 10 Aug 2023 Current
Athisayapandiyan Pushparajan Director 19 Oct 2023 Current
Dhasarathan Nehru Director 19 Oct 2023 Current
Vishnuraj Director 31 Mar 2021 Current
Thillairaj Doorairaj Managing Director 13 Aug 1994 Current
Thangaraj Doorairaj Director 13 Aug 1994 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 18 Nov 2016 Past
Pramod Abcsdd Director 22 Feb 2013 Past

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Financial Performance of Tower Steels.

Tower Steels Limited, for the financial year ended 2015, experienced significant reduction in revenue, with a 67.71% decrease. The company also saw a substantial improvement in profitability, with a 475.31% increase in profit. The company's net worth observed a substantial decline by a decrease of 65.8%.

Tower Steels revenue growth over time
Tower Steels profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -67.71%
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*******
*******
*******
Revenue from Operations
*******
 -70.22%
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*******
*******
*******
Total Assets
*******
 -59.22%
*******
*******
*******
*******
Profit or Loss
*******
 475.31%
*******
*******
*******
*******
Net Worth
*******
 -65.80%
*******
*******
*******
*******
EBITDA
*******
 -45.56%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Tower Steels?

In 2015, Tower Steels had a promoter holding of 84.56% and a public holding of 15.44%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹0

Satisfied Charges

₹80,800,000.00

Charges Breakdown by Lending Institutions
  • The Federal Bank Ltd : 3.55 Cr
  • The Federalbank Limited : 3.25 Cr
  • Sabari Exim Private Limited : 1.28 Cr
Latest Charge Details
Date Lender Amount Status
20 Apr 2007 Sabari Exim Private Limited ₹1.28 Cr Satisfied
26 Sep 2002 The Federal Bank Ltd ₹3.55 Cr Satisfied
01 Sep 1995 The Federalbank Limited ₹3.25 Cr Satisfied

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How Many Employees Work at Tower Steels?

Unlock and access historical data on people associated with Tower Steels, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Tower Steels, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Tower Steels's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Tower Steels
Recent Activity within the Organization
  • Director Appointment

    Athisayapandiyan Pushparajan was appointed as a Director was appointed as a Director on 19 Oct 2023 & has been associated with this company since 2 years 4 months . was recorded as a recent event.

  • Director Appointment

    The activity Dhasarathan Nehru was appointed as a Director was appointed as a Director on 19 Oct 2023 & has been associated with this company since 2 years 4 months . was completed.

  • Director Appointment

    Progress on Padmanabhan Ganapathy Subramanian was appointed as a Director was appointed as a Director on 10 Aug 2023 & has been associated with this company since 2 years 6 months . was documented.

  • Director Appointment

    Vishnuraj was appointed as a Director was appointed as a Director on 31 Mar 2021 & has been associated with this company since 4 years 11 months . was recorded as a recent event.

  • Director Appointment

    Rameshbabu was appointed as a Additional Director was appointed as a Additional Director on 18 Nov 2016 & has been associated with this company since 9 years 3 months . was recorded as a recent event.

  • Annual General Meeting

    Progress on Tower Steels Limited last Annual general meeting of members was held on 30 Dec 2015 as per latest MCA records. was documented.

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Frequently Asked Questions
What is the CIN of Tower Steels Limited?

The CIN of Tower Steels Limited is U27105TN1993PLC025178.

Where is Tower Steels Limited headquartered?

Tower Steels Limited is headquartered at Plot No C19Sidco Industrial Estate Kappalur, Madurai, Tamil Nadu, 625008.

When was Tower Steels Limited incorporated?

Tower Steels Limited was incorporated on 07 June 1993.

Who are the current directors of Tower Steels Limited?

The current directors of Tower Steels Limited are

What is the primary industry of Tower Steels Limited?

The primary industry of Tower Steels Limited is Manufacturing.

Is Tower Steels Limited a listed company?

Tower Steels Limited is unlisted.

What is the capital structure of Tower Steels Limited?

The authorized capital of Tower Steels Limited is ₹2.55 Cr, and the paid-up capital is ₹2.05 Cr.

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