About Travel Corporation (India) Limited
Data last updated:
Travel Corporation (India) Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Thomas Cook (India) Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the travel and tour services segment of the transport and logistics sector. It was incorporated on 19 July 1961.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U63040MH1961PLC012067. Its GSTIN is 27AAACT6856C1ZB (Maharashtra). The company held 10 GST registrations, of which 6 are active.
The company had an authorised share capital of ₹319.43 Cr and a paid-up capital of ₹1.65 Cr. It was formerly known as Travel Corporation (India) Private Limited. It was led by directors including Dipak Deva (Managing Director) and Zohra Chatterji.
Its last annual general meeting (AGM) was held on 06 August 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 324 Dr. D.N. Road Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2019, the company reported a revenue of ₹646.17 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹43.12 Cr (net margin 6.7%) and EBITDA of ₹81.89 Cr (EBITDA margin 12.7%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years.
The company had about 448 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 2 subsidiaries.
The company was associated with 1 brand: TCI (Transport Corporation of India). As per MCA filings, the company had open charges of ₹169.4 Cr and satisfied charges of ₹13.15 Cr on record. Court records list 71 cases involving the company, including 26 filed by the company and 45 filed against it; 2 cases are pending.
The last known website on record is tci.co.in.
Company details
CIN history
Travel Corporation (India) has one previous CIN (Corporate Identification Number): U63040MH1961PTC012067. The current CIN is U63040MH1961PLC012067, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63040MH1961PLC012067 | Current |
| U63040MH1961PTC012067 | Previous |
Contact details
Travel Corporation (India) Limited's registered office is in Mumbai, Maharashtra. Its website is tci.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered Address324 Dr. D.N. Road Fort, Mumbai, Maharashtra, India – 400001
- IndustryTransport and Logistics, Travel & Tour Services
To see the full contact details of Travel Corporation (India) 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
Brands
Travel Corporation (India) operates one associated brand: TCI (Transport Corporation of India). Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Tour and travel services are provided across India. | tci.co.in |
Business activity
The main business activity of Travel Corporation (India) is support service to organizations. In detail, this covers travel agency and tour operators.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N3 | Travel agency and tour operators |
To see the full business activity and turnover split of Travel Corporation (India) Limited, buy the company report.
Financials of Travel Corporation (India) Limited
FY 2019 filings availableTravel Corporation (India) Limited reported revenue of ₹646.17 Cr (down 2% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 54%. EBITDA rose 44% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹646.17 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹81.89 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹43.12 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.7% | ||||
| Net Profit Margin | 6.7% | ||||
| 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 Travel Corporation (India) Limited, buy the company report.
Board of directors and KMP of Travel Corporation (India) Limited
Travel Corporation (India) Limited currently reports 5 directors and 1 key managerial person. 22 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Zohra Chatterji Also directs: Travel Corporation (India) Limited, Reliance Power Limited, Rosa Power Supply Company Limited and 4 more | Director | 21 Jul 2016 | 10 Years 3 Months | As last reported |
| Dipak Deva | Managing Director | 27 Jan 2016 | 10 Years 9 Months | As last reported |
| Sanjay Srichand Shroff Also directs: Travel Corporation (India) Limited | Cfo | 01 Aug 2017 | 9 Years 3 Months | As last reported |
| Debasis Bikash Nandy Also directs: Travel Corporation (India) Limited, Jagson Pal Pharmaceuticals Limited., Traveljunkie Solutions Private Limited and 4 more | Director | 13 Aug 2018 | 8 Years 2 Months | As last reported |
| Sunil Behari Mathur | Director | 21 Jul 2016 | 10 Years 3 Months | As last reported |
| Madhavan Menon Karunakaran Also directs: Sundrop Brands Limited, Cedar Management Consulting Private Limited, Isprava Vesta Private Limited and 1 more | Director | 28 Oct 2009 | 17 Years 0 Months | As last reported |
Auditor
Travel Corporation (India) Limited is audited by B S R & Co. LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2019 | 101248W/W100022 |
Shareholding
The shareholding of Travel Corporation (India) Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Travel Corporation (India) Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Dec 2018 | 100224699 | State Bank of India | ₹169.4 Cr | Open | |
| 19 Dec 2005 | 90241694 | Kotak Mahindra Bank Ltd | ₹65.35 Lakh | Satisfied | |
| 30 Nov 1994 | 90242035 | Bnp Paribas | ₹12.5 Cr | Satisfied |
To see the full charge records of Travel Corporation (India) Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Travel Corporation (India) Limited has 71 court cases on record: 26 filed by Travel Corporation (India), 45 filed against it. 2 cases are pending and 69 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 36 | 14 | 2 |
| District courts | 33 | 29 | 0 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 71)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Court case (PPA) | Filed by the company against India Tourism Development Corporation Ltd | Disposed |
| District court, New Delhi, Delhi | Court case (TM) | Filed by the company against M/S India Calling Tours (P) Ltd. | Disposed |
| High Court | Appeal | Filed by the company against M/S. Anit Marine Agencies Pvt.Ltd. | Disposed |
| High Court, TELANGANA | Company petition | Filed by the company against M/S.Asia Pacific Exports Ltd. | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed by the company against K.T.G.(India) Ltd | Disposed |
To see the full case history of Travel Corporation (India) 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
Travel Corporation (India) Limited was last rated by Crisil on 21 Jan 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 21 Jan 2019 |
To see the full credit ratings and regulatory alerts of Travel Corporation (India) Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Travel Corporation (India) Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Travel Corporation (India) has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| TC Visa Services (India) Limited | U63090MH2011PLC221429 | |
| Jardin Travel Solutions Limited | U63090MH2015PLC267993 |
To see the full group structure of Travel Corporation (India) Limited, buy the company report.
Employees & EPFO
Travel Corporation (India) Limited has a workforce of 448 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 448 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 |
To see the full employee and EPFO history of Travel Corporation (India) Limited, buy the company report.
GST
Travel Corporation (India) has 10 GST registrations: 6 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT6856C1ZB | Maharashtra | Active | 01 Jul 2017 |
| 29AAACT6856C2Z6 | Karnataka | Active | 01 Jul 2017 |
| 09AAACT6856C2Z8 | Uttar Pradesh | Active | 25 Aug 2017 |
| 03AAACT6856C2ZK | Punjab | Active | 23 Sep 2017 |
To see the full GST registrations and return filing status of Travel Corporation (India) Limited, buy the company report.
Recent activity
Travel Corporation (India) Limited has 28 board changes on record since 2006: 6 appointments and 22 cessations. The latest: Debasis Bikash Nandy ceased to be Additional Director on 06 Aug 2019.
26 earlier events are in the company report.
Frequently asked questions
Travel Corporation (India) has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Travel Corporation (India) was a public limited company based in Mumbai, Maharashtra, India. The company worked in travel and tour services, within the transport and logistics industry. It was incorporated on 19 July 1961 and is registered under CIN U63040MH1961PLC012067. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Travel Corporation (India) was incorporated on 19 July 1961. It is registered with the Registrar of Companies, Mumbai.
Travel Corporation (India) had 6 directors and KMP:
- Dipak Deva - Managing Director
- Zohra Chatterji - Director
- Debasis Bikash Nandy - Director
- Sunil Behari Mathur - Director
- Madhavan Menon Karunakaran - Director
- Sanjay Srichand Shroff - Cfo
The CIN (Corporate Identification Number) of Travel Corporation (India) is U63040MH1961PLC012067. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Travel Corporation (India) is at 324 Dr. D.N. Road Fort, Mumbai, Maharashtra, India – 400001.
Travel Corporation (India) can be reached through the website tci.co.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Travel Corporation (India) on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 06 August 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Travel Corporation (India) is 27AAACT6856C1ZB, registered in Maharashtra. The company has 10 GST registrations in all, of which 6 are active and 4 are cancelled or inactive. Other active GSTINs include 29AAACT6856C2Z6 (Karnataka), 09AAACT6856C2Z8 (Uttar Pradesh), 03AAACT6856C2ZK (Punjab).
Travel Corporation (India) operated in the transport and logistics industry, in the travel and tour services segment.
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