TSC India Limited - transport and logistics in Jalandhar, Punjab, India. FY 2026 financials & compliance.
CIN U63040PB2003PLC026209 Incorporated 18 July 2003 ROC Chandigarh HQ Jalandhar, Punjab, India
Active Listed - NSE: TSC Public Limited Company transport and logistics MSME · Small
Data last updated
Market Cap
₹53.72 Cr
TSC-ST · NSE
Revenue
₹28.51 Cr
FY 2025-26 · +10.6% YoY
EBITDA
₹6.68 Cr
Margin 23.4%
Net Profit
₹3.68 Cr
FY 2025-26 · -19.3% YoY
P/E (TTM)
15.5x
P/B 1.3x
ROE
14.4%
ROCE 13.6%
Debt / Equity
0.73
Interest cover 24.5x
Authorised capital
₹15 Cr
Registered with MCA

About TSC India Limited

Data last updated:

TSC India Limited is a public limited company based in Jalandhar, Punjab, India. It operates in the travel and tour services segment of the transport and logistics sector. It was incorporated on 18 July 2003 and has been in existence for over 23 years.

The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U63040PB2003PLC026209. Its GSTIN is 03AABCT8603L1ZC (Punjab). The company holds 5 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on NSE: TSC.

The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹14.52 Cr. It is led by directors including Ashish Kumar Mittal (Managing Director) and Vinay Gupta.

Its last annual general meeting (AGM) was held on 21 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Office No. 3 2nd Floor Midland Financial Centre Plot No. 21 – 22 G.T. Road, Jalandhar, Punjab, India – 144001.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹28.51 Cr, a growth of 10.6% compared to the previous year. For the same year it recorded a net profit of ₹3.68 Cr (net margin 12.9%) and EBITDA of ₹6.68 Cr (EBITDA margin 23.4%). The net worth stands at ₹44.9 Cr (up 183.6% YoY). Total assets are valued at ₹69.81 Cr (up 53.9% YoY).

The company has about 57 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹62.4 Cr and satisfied charges of ₹38.1 Cr on record. Court records list 6 cases involving the company, including 6 filed by the company; 5 cases are pending. The company has 2 deals on record (1 ipo, 1 acquisition); the latest was in July 2025. Its 6 peer companies in the Transport and Logistics industry (Tour and Travel Operators), with the same principal business activity (travel agency and tour operators) are compared by revenue, 3 larger and 3 smaller; the largest is Star Inn Suites and Retreat Limited with revenue of ₹26.69 Cr.

TSC India Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-10-0004912). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tsc.e-travel.co.in.

Company details

CIN U63040PB2003PLC026209
Registration Number 026209
Incorporation Date 18 July 2003
ROC Chandigarh
Listing Status Listed (NSE: TSC)
Company Status Active
Date of Last AGM 21 July 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-PB-10-0004912

CIN history

TSC India has one previous CIN (Corporate Identification Number): U63040PB2003PTC026209. The current CIN is U63040PB2003PLC026209, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U63040PB2003PLC026209Current
U63040PB2003PTC026209Previous

Recognitions & Rankings of TSC India

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-PB-10-0004912

Contact details

TSC India Limited's registered office is in Jalandhar, Punjab. Its website is tsc.e-travel.co.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    Office No. 3 2nd Floor Midland Financial Centre Plot No. 21 – 22 G.T. Road, Jalandhar, Punjab, India – 144001
  • Industry
    Transport and Logistics, Travel & Tour Services

To see the full contact details of TSC India Limited, buy the company report.

Comprehensive company report
TSC India 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 TSC India is support service to organizations. In detail, this covers travel agency and tour operators.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
NSupport service to OrganizationsN3Travel agency and tour operators

To see the full business activity and turnover split of TSC India Limited, buy the company report.

Financials of TSC India Limited

FY 2025-26 filings available

TSC India Limited reported revenue of ₹28.51 Cr (up 10.6% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹28.51 Cr
+10.6% YoY
EBITDA
₹6.68 Cr
-13.5% YoY
Profit After Tax
₹3.68 Cr
-19.3% YoY
Net Worth
₹44.90 Cr
+183.6% YoY
Total Assets
₹69.81 Cr
+53.9% YoY
Total Debt
₹18.79 Cr
-26.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue28.5125.7819.379.304.51
Revenue growth+10.6%+33.1%+108.3%+106.2%-
EBITDA6.687.726.962.272.36
EBITDA margin+23.4%+30.0%+35.9%+24.4%+52.3%
Profit before tax5.746.326.311.690.52
Net profit3.684.564.170.950.29
Net profit margin+12.9%+17.7%+21.5%+10.2%+6.4%
EPS (₹)2.544.4121.735.001.50
Balance sheet
Total assets69.8145.3628.9719.429.85
Net worth44.9015.838.744.533.57
Total debt18.7925.5317.7613.084.75
Cash & bank7.993.985.701.411.58
Net working capital46.6236.0018.077.544.71
Cash flow
Cash from operations(6.99)(11.77)(0.19)(5.64)3.67
Cash from investing(8.52)(0.26)1.93(2.32)(4.73)
Cash from financing14.159.923.647.79(3.32)
ParticularsSep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue7.608.107.176.613.905.99
Revenue growth (YoY)+94.9%+35.2%----
Other income0.110.130.250.250.020.14
EBITDA2.532.831.781.781.332.21
EBITDA margin+33.3%+34.9%+24.8%+26.9%+34.1%+36.9%
Depreciation0.140.110.170.190.230.20
Interest0.300.460.350.390.140.31
Profit before tax2.202.391.511.450.981.84
Tax0.520.660.450.410.190.47
Net profit1.681.731.061.040.791.37
EPS (₹)0.001.570.970.000.001.73
MetricsFY 2025-26FY 2024-25FY 2023-24
Income statement
Revenue23.3624.0518.63
Revenue growth-2.9%+29.1%-
EBITDA5.207.436.59
EBITDA margin+22.3%+30.9%+35.4%
Profit before tax4.216.155.13
Net profit3.244.543.88
Net profit margin+13.9%+18.9%+20.8%
EPS (₹)2.244.3820.21
Balance sheet
Total assets50.2731.4925.46
Net worth44.6215.248.49
Total debt4.9215.5616.97
Cash & bank4.550.965.62
Net working capital29.4620.7614.16
Cash flow
Cash from operations(1.63)(3.70)0.32
Cash from investing(9.78)(0.96)1.45
Cash from financing11.24(0.38)3.73
ParticularsSep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue6.337.116.376.205.645.85
Revenue growth (YoY)+12.2%+21.5%----
Other income0.100.050.210.240.010.14
Total expenses4.214.564.844.373.743.68
EBITDA2.122.551.531.831.902.17
EBITDA margin+33.5%+35.9%+24.0%+29.5%+33.7%+37.1%
Depreciation0.100.100.140.160.120.19
Interest0.280.370.280.390.290.30
Profit before tax1.842.131.321.521.501.82
Tax0.420.600.340.430.370.47

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 10 Nov 2026
ParticularsSep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue7.608.107.176.613.905.99
Revenue growth (YoY)+94.9%+35.2%----
Other income0.110.130.250.250.020.14
EBITDA2.532.831.781.781.332.21
EBITDA margin+33.3%+34.9%+24.8%+26.9%+34.1%+36.9%
Depreciation0.140.110.170.190.230.20
Interest0.300.460.350.390.140.31
Profit before tax2.202.391.511.450.981.84
Tax0.520.660.450.410.190.47
Net profit1.681.731.061.040.791.37
EPS (₹)0.001.570.970.000.001.73
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue28.5125.7819.379.304.51
Revenue growth+10.6%+33.1%+108.3%+106.2%-
Other income1.110.651.230.550.41
Total expenses21.8318.0612.417.032.15
Employee cost7.495.953.862.061.24
EBITDA6.687.726.962.272.36
EBITDA margin+23.4%+30.0%+35.9%+24.4%+52.3%
Depreciation0.550.700.840.590.15
Interest1.501.351.040.542.10
Profit before tax5.746.326.311.690.52
Tax1.371.711.590.510.23
Net profit3.684.564.170.950.29
Net profit margin+12.9%+17.7%+21.5%+10.2%+6.4%
EPS (₹)2.544.4121.735.001.50
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital14.5210.351.921.921.92
Reserves & surplus30.385.486.822.611.65
Shareholders' funds (net worth)44.9015.838.744.533.57
Minority interest5.183.292.041.491.26
Secured loans5.1613.2614.1310.833.85
Unsecured loans13.6312.273.632.250.90
Total debt18.7925.5317.7613.084.75
Total liabilities69.8145.3628.9719.429.85
Assets
Gross block12.154.554.384.041.53
Net block8.901.992.512.961.02
Capital work in progress0.880.020.000.000.00
Investments0.010.000.000.000.00
Inventories0.000.000.000.000.00
Sundry debtors32.7430.2429.868.445.13
Cash & bank balances7.993.985.701.411.58
Loans & advances34.0217.876.874.432.70
Total current assets74.7552.0942.4314.289.41
Total current liabilities28.1316.0924.366.744.70
Net working capital46.6236.0018.077.544.71
Total assets69.8145.3628.9719.429.85
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash3.595.700.310.484.87
Net cash from operating activities(6.99)(11.77)(0.19)(5.64)3.67
Net cash from investing activities(8.52)(0.26)1.93(2.32)(4.73)
Net cash from financing activities14.159.923.647.79(3.32)
Net change in cash(1.37)(2.11)5.39(0.17)(4.38)
Closing cash7.993.985.701.411.58
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Growth
Sales growth+10.6%+33.1%+108.3%+106.2%-
EBITDA growth-13.5%+10.9%+206.6%-3.8%-
PBT growth-9.2%+0.2%+273.4%+225.0%+9997.0%
Net income growth-19.3%+9.4%+339.0%+227.6%-
Revenue CAGR (3Y)+45.3%+78.8%---
EBITDA CAGR (3Y)+43.3%+48.5%---
Profitability & leverage
Net income margin+15.3%+17.9%+24.4%+12.7%+6.4%
Return on capital employed+13.6%+22.3%+32.8%+16.9%+30.5%
Return on net worth+14.4%+37.6%+71.1%+29.4%+8.1%
Debt / equity0.731.762.322.201.33
Long-term debt / equity0.090.310.720.930.81
Interest cover24.4719.2316.9932.1495.02
Efficiency & per share
Fixed asset turnover3.415.774.603.342.95
Inventory turnover0.000.000.000.000.00
Debtors turnover0.910.861.011.370.88
EPS (₹)2.544.4121.735.001.50
Dividend per share (₹)0.000.000.000.000.00
Book value per share (₹)30.9315.2945.5023.5818.58
ParticularsSep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024
Revenue6.337.116.376.205.645.85
Revenue growth (YoY)+12.2%+21.5%----
Other income0.100.050.210.240.010.14
Total expenses4.214.564.844.373.743.68
EBITDA2.122.551.531.831.902.17
EBITDA margin+33.5%+35.9%+24.0%+29.5%+33.7%+37.1%
Depreciation0.100.100.140.160.120.19
Interest0.280.370.280.390.290.30
Profit before tax1.842.131.321.521.501.82
Tax0.420.600.340.430.370.47
ParticularsFY 2025-26FY 2024-25FY 2023-24
Revenue23.3624.0518.63
Revenue growth-2.9%+29.1%-
Other income0.750.600.51
Total expenses18.1616.6212.04
Employee cost4.824.983.57
EBITDA5.207.436.59
EBITDA margin+22.3%+30.9%+35.4%
Depreciation0.470.620.94
Interest1.271.261.03
Profit before tax4.216.155.13
Tax0.971.611.25
Net profit3.244.543.88
Net profit margin+13.9%+18.9%+20.8%
EPS (₹)2.244.3820.21
ParticularsFY 2025-26FY 2024-25FY 2023-24
Equity & liabilities
Share capital14.5210.351.92
Reserves & surplus30.104.896.57
Shareholders' funds (net worth)44.6215.248.49
Secured loans4.5613.1813.98
Unsecured loans0.362.382.99
Total debt4.9215.5616.97
Total liabilities50.2731.4925.46
Assets
Gross block5.244.304.21
Net block2.291.822.24
Capital work in progress0.780.000.00
Investments4.891.600.80
Inventories0.000.000.00
Sundry debtors36.1430.2429.85
Cash & bank balances4.550.965.62
Loans & advances14.525.332.59
Total current assets55.2136.5338.06
Total current liabilities25.7515.7723.90
Net working capital29.4620.7614.16
Total assets50.2731.4925.46
ParticularsFY 2025-26FY 2024-25FY 2023-24
Opening cash0.575.620.12
Net cash from operating activities(1.63)(3.70)0.32
Net cash from investing activities(9.78)(0.96)1.45
Net cash from financing activities11.24(0.38)3.73
Net change in cash(0.17)(5.04)5.50
Closing cash4.550.965.62
ParticularsFY 2025-26FY 2024-25FY 2023-24
Growth
Sales growth-2.9%+29.1%-
EBITDA growth-30.0%+12.8%-
PBT growth-31.5%+19.9%+9997.0%
Net income growth-28.6%+17.0%-
Profitability & leverage
Net income margin+13.9%+18.9%+20.8%
Return on capital employed+13.4%+26.0%+24.2%
Return on net worth+10.9%+38.2%+45.7%
Debt / equity0.341.372.00
Long-term debt / equity0.060.290.50
Interest cover26.8518.5018.23
Efficiency & per share
Fixed asset turnover4.905.654.43
Inventory turnover0.000.000.00
Debtors turnover0.700.800.62
EPS (₹)2.244.3820.21
Dividend per share (₹)0.000.000.00
Book value per share (₹)30.7314.7244.19

To see the full year-wise statements and ratios of TSC India Limited, buy the company report.

Board of directors of TSC India Limited

TSC India has 7 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Vinay GuptaDirector09 Oct 201016 Years 1 MonthsCurrent
Puja MittalDirector01 Jul 201511 Years 4 MonthsCurrent
Ashish Kumar MittalManaging Director06 Jun 20242 Years 5 MonthsCurrent
Syed Qaim Abbas RizviDirector10 Oct 20251 Years 1 MonthsCurrent
Richa AroraDirector10 Oct 20251 Years 1 MonthsCurrent
Aman KesarwaniDirector12 Aug 20242 Years 2 MonthsCurrent
Showing 6 of 7 current directors. View all directors

Peer comparison

TSC India Limited is compared with the 6 companies closest to it by revenue in the Transport and Logistics industry (Tour and Travel Operators), with the same principal business activity (travel agency and tour operators), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
TSC India Limitedthis company₹28.51 Cr (FY 2026)₹3.68 Cr12.9%10.6%57Jalandhar, Punjab, India
Star Inn Suites and Retreat Limited₹26.69 Cr (FY 2024)20.0%New Delhi, Delhi, India
STS World Private Limited₹26.67 Cr (FY 2025)-24.0%New Delhi, Delhi, India
Voyage Tours & Travels Private Limited.₹26.62 Cr (FY 2025)-6.0%Kolkata, West Bengal, India
Global Wings Tours (India) Private Limited₹26.43 Cr (FY 2025)-19.0%Bangalore, Karnataka, India
Trawelmart World Tours Private Limited₹26.29 Cr (FY 2024)139.0%Bengaluru, Karnataka, India
Asianclassic Travels India Private Limited₹26.2 Cr (FY 2025)-1.0%Dharamsala, Himachal Pradesh, India

To see the full peer comparison of TSC India Limited, buy the company report.

Auditor

TSC India Limited is audited by O.P.GARG & CO. for the financial year 2023.

Auditor firmFinancial yearFirm registration number
O.P.GARG & CO.FY 2023097922

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 64.70%, foreign institutional investors hold 0.00%, domestic institutional investors hold 2.40% and retail and other public shareholders hold 32.90%.

Promoters: 64.70%DII (Domestic Institutional): 2.40%Retail & Others: 32.90%
Sep 2026
QUARTER
64.70% Promoters
2.40% DII (Domestic Institutional)
32.90% Retail & Others
Promoter holding - history
Now 64.70% · Sep 2026High 66.80% · Mar 2026Low 64.70% · Sep 2026
63%64.3%65.5%66.8%68%Mar 2026Jun 2026Sep 2026Mar 2026: 66.80%Jun 2026: 66.80%Sep 2026: 64.70%66.80%64.70%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026
Promoters64.70%66.80%66.80%
Public35.30%33.20%33.20%

Charges & borrowings

Open charges
₹62.4 Cr
Satisfied charges
₹38.1 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹50.40 Cr
Others₹12.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
28 Aug 2026101392027Others₹12 CrOpen
15 Jun 2026101313093Hdfc Bank Limited₹2.12 CrOpen
27 Feb 2026101245473Hdfc Bank Limited₹35 LakhOpen
09 Jan 2026101217498Hdfc Bank Limited₹35.16 LakhOpen
01 Jul 2024100953093Hdfc Bank Limited₹46.48 CrOpen

To see the full charge records of TSC India Limited, buy the company report.

Total charge records: 10 View all charges

Deals & funding

TSC India Limited has 2 deals on record (1 ipo, 1 acquisition); the latest was in July 2025.

Total deals
2
IPO
1
Acquisition
1

Deals on record (2 of 2)

WhenDealAmountParties
Jul 2025IPO₹25.89 CrInvestors: Viney Growth Fund, Persistent Growth Fund - Varsu India Growth Story Scheme 1, Aarth.AIF
Nov 2011AcquisitionUndisclosedBuyer: Ebix Travels Private Limited

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for TSC India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

TSC India Limited has a workforce of 57 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.

Employee count
57
Active EPFO establishments
1
Employee growth
62.86%

GST

TSC India has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.

Total GSTINs
5
Active
5
GSTINStateStatusRegistered on
03AABCT8603L1ZCPunjabActive01 Jul 2017
03AABCT8603L2ZBPunjabActive01 Apr 2025
24AABCT8603L1Z8GujaratActive18 Apr 2023
04AABCT8603L1ZAChandigarhActive03 Jan 2025

To see the full GST registrations and return filing status of TSC India Limited, buy the company report.

Recent activity

TSC India Limited has 14 board changes on record since 2010: 7 appointments and 7 cessations. The latest: Richa Arora was appointed as Director on 10 Oct 2025.

Charges
A charge with Hdfc Bank Limited of Rs. 46.48 Cr registered on 01 Jul 2024 with Charge ID 100953093 was modified on 07 Oct 2026.
Charges
A charge with Hdfc Bank Limited of Rs. 2.12 Cr registered on 15 Jun 2026 with Charge ID 101313093 was modified on 01 Sep 2026.
Charges
A charge with Others amounted to Rs. 12.00 Cr with Charge ID 101392027 was registered on 28 Aug 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 2.12 Cr with Charge ID 101313093 was registered on 15 Jun 2026.
Filing
Tsc India Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Chandigarh.
Charges
A charge registered on 09 Sep 2022 via Charge ID 100651799 with Hdfc Bank Limited was fully satisfied on 18 Mar 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.35 Cr with Charge ID 101245473 was registered on 27 Feb 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.35 Cr with Charge ID 101217498 was registered on 09 Jan 2026.
Appointed
Richa Arora was appointed as Director.
Appointed
Syed Qaim Abbas Rizvi was appointed as Director.
AGM
Tsc India Limited last Annual general meeting of members was held on 21 Jul 2025 as per latest MCA records.
Charges
A charge registered on 08 Sep 2015 via Charge ID 10593269 with Hdfc Bank Limited was fully satisfied on 11 Mar 2025.

24 earlier events are in the company report.

Frequently asked questions

TSC India is an active public limited company based in Jalandhar, Punjab, India. The company works in travel and tour services, within the transport and logistics industry. It was incorporated on 18 July 2003 (23+ years old) and is registered under CIN U63040PB2003PLC026209. Listed on NSE: TSC.

TSC India reported revenue of ₹28.51 Cr for FY 2025-26 (up 10.6% YoY) based on consolidated financials.

TSC India has 7 current directors:

The latest financial statements of TSC India on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 21 July 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of TSC India is 03AABCT8603L1ZC, registered in Punjab. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 03AABCT8603L2ZB (Punjab), 24AABCT8603L1Z8 (Gujarat), 04AABCT8603L1ZA (Chandigarh).

The CIN (Corporate Identification Number) of TSC India is U63040PB2003PLC026209. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. TSC India is a listed company as per MCA records. Its shares are listed on NSE (symbol: TSC).

TSC India has 6 court cases on record: 6 filed by the company. 5 are pending.

TSC India was incorporated on 18 July 2003, making it 23+ years old. It is registered with the Registrar of Companies, Chandigarh.

TSC India has 2 deals on record (1 ipo, 1 acquisition); the latest was in July 2025.

The peers of TSC India by revenue are Star Inn Suites and Retreat Limited, STS World Private Limited, Voyage Tours & Travels Private Limited, Global Wings Tours (India) Private Limited, Trawelmart World Tours Private Limited and 1 more, all in the Transport and Logistics industry (Tour and Travel Operators), with the same principal business activity (travel agency and tour operators).