MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-33-0052490
TPV Sales Limited - metals and minerals in New Panvel, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹294.1 Cr
▲ 10% YoY
Net profit · FY 2025
₹22.55 Cr
Net margin 7.7%
EBITDA · FY 2025
₹33.97 Cr
EBITDA margin 11.5%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹39.09 Cr
Satisfied ₹17.5 Cr
Company age
24 yrs
Est. 2002
Directors on board
9
As per MCA filings
About TPV Sales Limited
Data last updated:
TPV Sales Limited is a public limited company based in New Panvel, Maharashtra, India. It operates in the construction materials distribution segment of the metals and mining sector. It was incorporated on 18 March 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51432MH2002PLC135202. Its GSTIN is 27AABCT7939D1Z6 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Yogesh Popatlal Thakkar (Managing Director) and Hiren Revashankar Gor.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Office – 2 Pl – 5 & 7 Sec – 1 Tulsi Puja, New Panvel, Maharashtra, India – 410206.
As per the financials filed for FY 2025, the company reported a revenue of ₹294.1 Cr, a growth of 10% compared to the previous year. For the same year it recorded a net profit of ₹22.55 Cr (net margin 7.7%) and EBITDA of ₹33.97 Cr (EBITDA margin 11.5%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 20% over five years.
As per MCA filings, the company has open charges of ₹39.09 Cr and satisfied charges of ₹17.5 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 2 cases are pending. The company has 3 deals on record (3 secondary share transfers); the latest was in March 2023. Its 6 peer companies in the Metals and Minerals industry (Construction Materials Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 2 larger and 4 smaller; the largest is Gupta Prime Ispat Private Limited with revenue of ₹294.94 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 18 overdue payments to 2 micro and small suppliers.
TPV Sales Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0052490). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thakkarcement.com.
Company details
CIN U51432MH2002PLC135202
Registration Number 135202
Incorporation Date 18 March 2002
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-33-0052490
Key People
Yogesh Popatlal Thakkar Managing Director Hiren Revashankar Gor Director Dheer Nitin Thakkar Director Recognitions & Rankings of TPV Sales
Contact details
TPV Sales Limited's registered office is in New Panvel, Maharashtra. Its website is thakkarcement.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice – 2 Pl – 5 & 7 Sec – 1 Tulsi Puja, New Panvel, Maharashtra, India – 410206
- IndustryMetals and Minerals, Construction Materials Retail & Distribution
To see the full contact details of TPV Sales Limited, buy the company report.
Comprehensive company report
TPV Sales 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 TPV Sales is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of TPV Sales Limited, buy the company report.
Financials of TPV Sales Limited
FY 2025 filings availableTPV Sales Limited reported revenue of ₹294.1 Cr (up 10% YoY) for FY 2025.
Revenue · FY 2025
₹294.1 Cr ▲ 10%
Net profit · FY 2025
₹22.55 Cr margin 7.7%
EBITDA · FY 2025
₹33.97 Cr margin 11.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 19%
5 years · compounded
▲ 20%
EBITDA CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 14%
5 years · compounded
▲ 12%
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 10% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹33.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹22.55 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.5% | ||||
| Net Profit Margin | 7.7% | ||||
| 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 TPV Sales Limited, buy the company report.
Board of directors of TPV Sales Limited
TPV Sales has 9 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hiren Revashankar Gor Also directs: Enbee Trade and Finance Limited | Director | 01 Mar 2025 | 1 Years 8 Months | Current |
| Dheer Nitin Thakkar | Director | 01 Jan 2015 | 11 Years 10 Months | Current |
| Harsha Nitin Thakkar | Director | 18 Mar 2002 | 24 Years 7 Months | Current |
| Nitin Popatlal Thakkar | Director | 18 Mar 2002 | 24 Years 7 Months | Current |
| Nisha Yogesh Thakkar Also directs: TPV Lifespace LLP | Director | 18 Mar 2002 | 24 Years 7 Months | Current |
| Siddharth Nitin Thakkar | Director | 10 Jun 2011 | 15 Years 5 Months | Current |
Showing 6 of 9 current directors. View all directors
Peer comparison
TPV Sales Limited is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Construction Materials Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gupta Prime Ispat Private Limited | ₹294.94 Cr (FY 2025) | 4.0% | Jaipur, Rajasthan, India | |||
| Jai Vikas Steel Corporation Private Limited | ₹294.89 Cr (FY 2025) | -10.0% | Ahmedabad, Gujarat, India | |||
| TPV Sales Limitedthis company | ₹294.1 Cr (FY 2025) | ₹22.55 Cr | 7.7% | 10.0% | New Panvel, Maharashtra, India | |
| Lixil India Private Limited | ₹290.38 Cr (FY 2025) | 15.0% | Haryana, India | |||
| Mercurysteels Private Limited | ₹290.13 Cr (FY 2025) | 5.0% | Salem, Tamil Nadu, India | |||
| Khan Steel Centre Private Limited | ₹284.05 Cr (FY 2025) | 0.0% | Nagpur, Maharashtra, India | |||
| Mohashakti Forging Private Limited | ₹283.56 Cr (FY 2025) | 475.0% | Bhubaneswar, Odisha, India |
To see the full peer comparison of TPV Sales Limited, buy the company report.
Auditor
TPV Sales Limited is audited by BHAVIN GADHIYA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHAVIN GADHIYA & ASSOCIATES | FY 2023 | 114108W |
Shareholding
The shareholding of TPV Sales Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of TPV Sales Limited, buy the company report.
Charges & borrowings
Open charges
₹39.09 Cr
Satisfied charges
₹17.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2025 | 101142307 | Others | ₹1.68 Cr | Open | |
| 05 Apr 2023 | 100741356 | Hdfc Bank Limited | ₹75.45 Lakh | Open | |
| 16 Mar 2023 | 100759156 | Hdfc Bank Limited | ₹18 Lakh | Open | |
| 29 Mar 2022 | 100570429 | Others | ₹7.5 Cr | Open | |
| 27 Sep 2021 | 100511155 | Hdfc Bank Limited | ₹77.44 Lakh | Open |
To see the full charge records of TPV Sales Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
TPV Sales Limited has 3 deals on record (3 secondary share transfers); the latest was in March 2023.
Total deals
3
Secondary share transfers
3
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 3 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
TPV Sales Limited has 4 court cases on record: 3 filed by TPV Sales, 1 filed against it. 2 cases are pending and 2 are disposed.
Total cases
4
Filed by the company
3
Filed against the company
1
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 1 |
| High courts | 2 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Union of India | Pending |
| District court, Raigad, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| Bombay High Court | Tax appeal | Filed against the company by Commissioner of Income Tax, Central-Ii | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of TPV Sales 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
TPV Sales Limited was last rated by Icra on 17 Mar 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 17 Mar 2015 |
To see the full credit ratings and regulatory alerts of TPV Sales Limited, buy the company report.
MSME payment delays
TPV Sales Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 18 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Bigbloc Construction Limited | |||
| Aswani Industries Private Limited |
To see the full MSME payment records of TPV Sales Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
TPV Sales has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCT7939D1Z6 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of TPV Sales Limited, buy the company report.
Recent activity
TPV Sales Limited has 17 board changes on record since 2002: 10 appointments and 7 cessations. The latest: Disha Mayank Sheth ceased to be Additional Director on 29 Sep 2025.
Charges
A charge registered on 27 Apr 2021 via Charge ID 100448153 with Hdfc Bank Limited was fully satisfied on 01 Oct 2025.
AGM
Tpv Sales Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Disha Mayank Sheth ceased to be Additional Director.
Ceased
Hiren Revashankar Gor ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 1.68 Cr with Charge ID 101142307 was registered on 31 Jul 2025.
Filing
Tpv Sales Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Ceased
Popatlal Velji Thakkar ceased to be Director.
Appointed
Disha Mayank Sheth was appointed as Director.
Appointed
Hiren Revashankar Gor was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.75 Cr with Charge ID 100741356 was registered on 05 Apr 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.18 Cr with Charge ID 100759156 was registered on 16 Mar 2023.
Appointed
Devraj Yogesh Thakkar was appointed as Director.
23 earlier events are in the company report.
Frequently asked questions
TPV Sales is an active public limited company based in New Panvel, Maharashtra, India. The company works in construction materials retail and distribution, within the metals and minerals industry. It was incorporated on 18 March 2002 (24+ years old) and is registered under CIN U51432MH2002PLC135202.
TPV Sales has 9 current directors:
- Yogesh Popatlal Thakkar - Managing Director
- Hiren Revashankar Gor - Director
- Dheer Nitin Thakkar - Director
- Harsha Nitin Thakkar - Director
- Nitin Popatlal Thakkar - Director
- Nisha Yogesh Thakkar - Director
- Siddharth Nitin Thakkar - Director
- Devraj Yogesh Thakkar - Director
- Disha Mayank Sheth - Director
The latest financial statements of TPV Sales on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of TPV Sales is 27AABCT7939D1Z6, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of TPV Sales is U51432MH2002PLC135202. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
TPV Sales has 4 court cases on record: 3 filed by the company and 1 filed against it. 2 are pending. Most are in the district courts.
TPV Sales was incorporated on 18 March 2002, making it 24+ years old. It is registered with the Registrar of Companies, Mumbai.
TPV Sales has 3 deals on record (3 secondary share transfers); the latest was in March 2023.
The peers of TPV Sales by revenue are Gupta Prime Ispat Private Limited, Jai Vikas Steel Corporation Private Limited, Lixil India Private Limited, Mercurysteels Private Limited, Khan Steel Centre Private Limited and 1 more, all in the Metals and Minerals industry (Construction Materials Retail and Distribution), with the same principal business activity (wholesale trading).
Disha Mayank Sheth ceased to be Additional Director on 29 Sep 2025. Hiren Revashankar Gor ceased to be Additional Director on 29 Sep 2025. Popatlal Velji Thakkar ceased to be Director on 31 Mar 2025. TPV Sales has 17 board changes on record in total.
Yes, TPV Sales is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-33-0052490).
TPV Sales has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 18 overdue payments to 2 micro and small suppliers. The latest return was filed on 28 Apr 2022.
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