Tower Steels Limited
About Tower Steels Limited
Data last updated:
Tower Steels Limited is a public limited company based in Madurai, Tamil Nadu, India. The company is currently classified as dormant under Section 455 of the Companies Act - it is legally registered but has declared that it is not conducting any business operations. It operates in the steel manufacturing and processing segment of the metals and mining sector. It was incorporated on 07 June 1993.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U27105TN1993PLC025178. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2.55 Cr and a paid-up capital of ₹2.05 Cr. It was formerly known as Tor Steels (India) Ltd. It is led by directors including Thillairaj Doorairaj (Managing Director) and Padmanabhan Ganapathy Subramanian.
Its last annual general meeting (AGM) was held on 30 December 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at Plot No C19Sidco Industrial Estate Kappalur, Madurai, Tamil Nadu, India – 625008.
As per the financials filed for FY 2015, the company reported a revenue of ₹10.1 Lakh, a decline of 68% compared to the previous year. For the same year it recorded a net profit of ₹1.55 Lakh (net margin 15.4%) and EBITDA of ₹21,344 (EBITDA margin 2.1%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years.
As per MCA filings, the company has satisfied charges of ₹8.08 Cr on record. Court records list 19 cases involving the company, including 16 filed by the company and 3 filed against it.
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- Registered AddressPlot No C19Sidco Industrial Estate Kappalur, Madurai, Tamil Nadu, India – 625008
- IndustryMetals and Minerals, Steel Manufacturing & Processing
- 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
- One PDF report, delivered after checkout
Financials of Tower Steels Limited FY 2015 filings available
Tower Steels Limited reported revenue of ₹10.1 Lakh (down 68% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR) of Tower Steels Limited
Revenue has declined at a compounded annual rate (CAGR) of 59% over three years, including a 68% fall in the latest year. EBITDA fell 46% 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 of Tower Steels Limited
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | •••• |
| Other Income | •••• |
| Total Revenue | ₹10.1 Lakh |
| Cost of Materials Consumed | •••• |
| Employee Benefit Expense | •••• |
| Finance Costs | •••• |
| Depreciation and Amortisation | •••• |
| Other Expenses | •••• |
| Total Expenses | •••• |
| EBITDA | ₹21,344 |
| Profit Before Tax | •••• |
| Tax Expense | •••• |
| Net Profit (PAT) | ₹1.55 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 of Tower Steels Limited
| Metrics | FY 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 2.1% |
| Net Profit Margin | 15.4% |
| 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 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 Steels are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Tower Steels Limited
Tower Steels Limited is audited by S L S M & CO for the financial year 2015.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S L S M & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Tower Steels Limited
Tower Steels has 7 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Padmanabhan Ganapathy Subramanian | Director | 10 Aug 2023 | 3 Years 2 Months | Current |
| Athisayapandiyan Pushparajan Also directs: TTHV Traders Private Limited | Director | 19 Oct 2023 | 2 Years 11 Months | Current |
| Dhasarathan Nehru | Director | 19 Oct 2023 | 2 Years 11 Months | Current |
| Vishnuraj | Director | 31 Mar 2021 | 5 Years 6 Months | Current |
| Thillairaj Doorairaj Also directs: Varahar Developers Private Limited | Managing Director | 13 Aug 1994 | 32 Years 1 Months | Current |
| Thangaraj Doorairaj | Director | 13 Aug 1994 | 32 Years 1 Months | Current |
Ownership and Shareholding of Tower Steels Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Tower Steels Limited
| 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 |
Total charge records: 3 View all charges
Legal Cases of Tower Steels Limited
Tower Steels Limited has 19 court cases on record: 16 filed by Tower Steels, 3 filed against it. All cases are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 18 | 3 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Petition | Filed by the company against MSTC Limited | Disposed |
| District court, Madurai, Tamil Nadu | Civil suit | Filed by the company against MSTC Limited | Disposed |
| Madras High Court | Court case (CMA(MD)) | Filed against the company by Commissioner of Customs | Disposed |
| Madras High Court | Writ petition | Filed by the company against an individual | Disposed |
| Madras High Court | Writ petition | Filed by the company against an individual | Disposed |
Full case history
All 19 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 at Tower Steels Limited
Employment history and EPFO contributions of people linked to Tower Steels.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Tower Steels Limited
Tower Steels Limited has 9 board changes on record since 1994: 7 appointments and 2 cessations. The latest: Athisayapandiyan Pushparajan was appointed as Director on 19 Oct 2023.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Tower Steels Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Tower Steels Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Tower Steels Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Tower Steels Limited
Tower Steels has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Tower Steels Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Tower Steels Limited
Tower Steels is classified as "Dormant" under Section 455 of the Companies Act. This means the company is legally registered but has officially declared that it is not currently conducting any business operations. A dormant company can be reactivated by following the prescribed procedures with the Registrar of Companies.
Tower Steels is a dormant public limited company based in Madurai, Tamil Nadu, India. The company works in steel manufacturing and processing, within the metals and minerals industry. It was incorporated on 07 June 1993 and is registered under CIN U27105TN1993PLC025178. The company is legally registered but not currently conducting business.
Tower Steels has 7 current directors:
- Thillairaj Doorairaj - Managing Director
- Padmanabhan Ganapathy Subramanian - Director
- Athisayapandiyan Pushparajan - Director
- Dhasarathan Nehru - Director
- Vishnuraj - Director
- Thangaraj Doorairaj - Director
- Rameshbabu - Additional Director
The CIN (Corporate Identification Number) of Tower Steels is U27105TN1993PLC025178. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tower Steels was incorporated on 07 June 1993. It is registered with the Registrar of Companies, Chennai.
The registered office of Tower Steels is at Plot No C19Sidco Industrial Estate Kappalur, Madurai, Tamil Nadu, India – 625008.
Tower Steels reported revenue of ₹10.1 Lakh for FY 2015 (down 68% YoY).
Tower Steels has an authorised share capital of ₹2.55 Cr and a paid-up capital of ₹2.05 Cr.
Tower Steels reported a net profit of ₹1.55 Lakh (net margin 15.4%) and EBITDA of ₹21,344 (EBITDA margin 2.1%) for FY 2015, as per its filed financial statements.
No. Tower Steels has 1 GST registration on record and it is cancelled or inactive.