Travel Services Limited
About Travel Services Limited
Data last updated:
Travel Services Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Spencers Holdings Private Limited. It operates in the travel and tour services segment of the transport and logistics sector. It was incorporated on 26 September 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U63040TN2001PLC047809. Its GSTIN is 33AAFCS5205F1ZR (Tamil Nadu). The company holds 6 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.3 Cr. It was formerly known as Spencers Travel Services Limited. It is led by directors including Geetha George and Binu Varghese.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Sudarshan Building 6th Floor No.27 Whites Road, Chennai, Tamil Nadu, India – 600014.
As per the financials filed for FY 2019, the company reported a revenue of ₹4.7 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹81.16 Lakh (net margin 17.3%) and EBITDA of ₹1.81 Cr (EBITDA margin 38.4%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years.
Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹36.19 Cr and satisfied charges of ₹39 Cr on record. Court records list 75 cases involving the company, including 42 filed by the company and 33 filed against it; 14 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Travel Services has one previous CIN (Corporate Identification Number): L63040TN2001PLC047809. The current CIN is U63040TN2001PLC047809, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63040TN2001PLC047809 | Current |
| L63040TN2001PLC047809 | Previous |
Contact details
Travel Services Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Social Media
- Registered AddressSudarshan Building 6th Floor No.27 Whites Road, Chennai, Tamil Nadu, India – 600014
- IndustryTransport and Logistics, Travel & Tour Services
To see the full contact details of Travel Services 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
Business activity
The main business activity of Travel Services is transport and storage. In detail, this covers services incidental to land, water & air transportation.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Travel Services Limited, buy the company report.
Financials of Travel Services Limited
FY 2019 filings availableTravel Services Limited reported revenue of ₹4.7 Cr (up 12% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over three years, including 12% growth in the latest year. EBITDA rose 13% 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 | ₹4.7 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.81 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹81.16 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Trade Payables | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 38.4% | ||||
| Net Profit Margin | 17.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Services Limited, buy the company report.
Board of directors of Travel Services Limited
Travel Services has 3 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Nair | Additional Director | 11 Jun 2020 | 6 Years 4 Months | Current |
| Geetha George | Director | 06 Apr 2015 | 11 Years 6 Months | Current |
| Binu Varghese | Director | 30 Sep 2017 | 9 Years 1 Months | Current |
Auditor
Travel Services Limited is audited by FORD RHODES PARKS & CO LLP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| FORD RHODES PARKS & CO LLP | FY 2019 | 102860W |
Shareholding
The shareholding of Travel Services Limited is on record for 5 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Travel Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Apr 2015 | 10594490 | Kotak Mahindra Prime Limited | ₹69 Lakh | Open | |
| 06 Jan 2010 | 10202972 | Axis Bank Limited | ₹35.5 Cr | Open | |
| 07 Jan 2004 | 90295046 | Ge Capital Services India | ₹14.5 Cr | Satisfied | |
| 18 Jan 2002 | 90287706 | Indian Overseas Bank | ₹24.5 Cr | Satisfied |
To see the full charge records of Travel Services Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Travel Services Limited has 75 court cases on record: 42 filed by Travel Services, 33 filed against it. 14 cases are pending and 61 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 65 | 30 | 14 |
| High courts | 6 | 2 | 0 |
| Supreme Court | 3 | 0 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 75)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Execution petition | Filed against the company by Sobek Auto India Private Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by M/S Tata Capital Financial Services Ltd | Pending |
| District court, Calcutta, West Bengal | Court case (TS) | Filed against the company by Spencers Retail Limited | Pending |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed by the company against Jineshwar Infra Ventures Pvt. Ltd., Rep by Its Authorised Representative Tarunkumar Jain | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by Aditya Birla Finance Ltd | Disposed |
To see the full case history of Travel Services 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 Services Limited was last rated by Care on 26 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 26 Nov 2021 |
To see the full credit ratings and regulatory alerts of Travel Services Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Travel Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Travel Services has 2 subsidiary companies. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Thangamalai Agro Products Private Limited | U01100TN2016PTC110060 | |
| Anusha Enterprises Limited | U63090TN1991PLC021293 |
To see the full group structure of Travel Services Limited, buy the company report.
GST
Travel Services has 6 GST registrations: 1 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAFCS5205F1ZR | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Travel Services Limited, buy the company report.
Recent activity
Travel Services Limited has 19 board changes on record since 2009: 3 appointments and 16 cessations. The latest: Pooja Madaiah ceased to be Additional Director on 11 Jun 2020.
19 earlier events are in the company report.
Frequently asked questions
Travel Services is an active public limited company based in Chennai, Tamil Nadu, India. The company works in travel and tour services, within the transport and logistics industry. It was incorporated on 26 September 2001 (25+ years old) and is registered under CIN U63040TN2001PLC047809.
Travel Services has 3 current directors:
- Sunil Nair - Additional Director
- Geetha George - Director
- Binu Varghese - Director
The latest financial statements of Travel Services on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from 2015 are in the company report.
The GSTIN of Travel Services is 33AAFCS5205F1ZR, registered in Tamil Nadu. 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 Travel Services is U63040TN2001PLC047809. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Travel Services has 75 court cases on record: 42 filed by the company and 33 filed against it. 14 are pending. Most are in the district courts.
Travel Services was incorporated on 26 September 2001, making it 25+ years old. It is registered with the Registrar of Companies, Chennai.
Pooja Madaiah ceased to be Additional Director on 11 Jun 2020. Sunil Nair was appointed as Additional Director on 11 Jun 2020. Binu Varghese ceased to be Director on 03 Oct 2017. Travel Services has 19 board changes on record in total.
The registered office of Travel Services is at Sudarshan Building 6th Floor No.27 Whites Road, Chennai, Tamil Nadu, India – 600014.
Travel Services operates in the transport and logistics industry, in the travel and tour services segment.
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