Tumkur Minerals Private Limited
About Tumkur Minerals Private Limited
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Tumkur Minerals Private Limited is a private limited company based in Tiptur, Karnataka, India. It operates in the mining and mineral extraction segment of the metals and mining sector. It was incorporated on 13 December 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U13100KA2004PTC035223. Its GSTIN is 30AAACB8498G1ZO (Goa).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Ashwyn Kumar Nayak and Shivanand Vassudev Salgaocar.
Its last annual general meeting (AGM) was held on 09 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. 2 Shiva Nilaya 1st Floor Near Saw Mill, Banasandra Road K. B. Cross Tiptur, Karnataka, India – 572114.
As per the financials filed for FY 2025, the company reported a revenue of ₹33.85 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹7.02 Cr (net margin 20.7%) and EBITDA of ₹8.78 Cr (EBITDA margin 25.9%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 27% over five years.
As per MCA filings, the company has open charges of ₹1.03 Cr and satisfied charges of ₹20 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Tumkur Minerals Private Limited's registered office is in Tiptur, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 2 Shiva Nilaya 1st Floor Near Saw Mill, Banasandra Road K. B. Cross Tiptur, Karnataka, India – 572114
- IndustryMetals and Minerals, Mining & Mineral Extraction
To see the full contact details of Tumkur Minerals Private 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 Tumkur Minerals 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 Tumkur Minerals Private Limited, buy the company report.
Financials of Tumkur Minerals Private Limited
FY 2025 filings availableTumkur Minerals Private Limited reported revenue of ₹33.85 Cr (down 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 25% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 27%. EBITDA fell 50% 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 |
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| EBITDA | ₹8.78 Cr | ||||
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| Net Profit (PAT) | ₹7.02 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 25.9% | ||||
| Net Profit Margin | 20.7% | ||||
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To see the full financial statements and ratios of Tumkur Minerals Private Limited, buy the company report.
Board of directors of Tumkur Minerals Private Limited
Tumkur Minerals has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwyn Kumar Nayak Also directs: Minception Consultancy Services Private Limited, Goa Minerals Private Limited, V.M.Salgaocar and Brother Private Limited and 5 more | Director | 30 Sep 2016 | 10 Years 1 Months | Current |
| Shivanand Vassudev Salgaocar Also directs: Srinidhi Real Estates LLP, Pyramid Developers LLP, Mahadhan Real Estates LLP and 5 more | Director | 13 Dec 2004 | 21 Years 10 Months | Current |
| Raju Tukaram Salgaonkar | Additional Director | 29 Apr 2025 | 1 Years 6 Months | Current |
Auditor
Tumkur Minerals Private Limited is audited by S J THALY & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S J THALY & CO | FY 2019 | 110946W |
Shareholding
The shareholding of Tumkur Minerals Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Tumkur Minerals Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Aug 2024 | 100962471 | Canara Bank | ₹1.03 Cr | Open | |
| 19 Apr 2010 | 10217612 | Canara Bank | ₹20 Cr | Satisfied |
To see the full charge records of Tumkur Minerals Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Tumkur Minerals Private Limited has 6 court cases on record: 3 filed by Tumkur Minerals, 3 filed against it. 1 case is pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 2 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Pending |
| Bombay High Court | Court case (TXA) | Filed against the company by The Joint Commissioner of Income Tax, Margao Range | Disposed |
| Bombay High Court | Court case (MCA) | Filed against the company by The Joint Commissioner of Income Tax, Margao Range | Disposed |
| Bombay High Court | Writ petition | Filed by the company against Joint Commissioner of Income Tax, Panaji and 2 Ors., | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Tumkur Minerals Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Tumkur Minerals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Tumkur Minerals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAACB8498G1ZO | Goa | Active | 08 Sep 2017 |
To see the full GST registrations and return filing status of Tumkur Minerals Private Limited, buy the company report.
Recent activity
Tumkur Minerals Private Limited has 10 board changes on record since 2004: 3 appointments and 7 cessations. The latest: Raju Tukaram Salgaonkar was appointed as Additional Director on 29 Apr 2025.
4 earlier events are in the company report.
Frequently asked questions
Tumkur Minerals is an active private limited company based in Tiptur, Karnataka, India. The company works in mining and mineral extraction, within the metals and minerals industry. It was incorporated on 13 December 2004 (22+ years old) and is registered under CIN U13100KA2004PTC035223.
Tumkur Minerals has 3 current directors:
- Ashwyn Kumar Nayak - Director
- Shivanand Vassudev Salgaocar - Director
- Raju Tukaram Salgaonkar - Additional Director
The latest financial statements of Tumkur Minerals on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 09 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Tumkur Minerals is 30AAACB8498G1ZO, registered in Goa.
The CIN (Corporate Identification Number) of Tumkur Minerals is U13100KA2004PTC035223. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tumkur Minerals has 6 court cases on record: 3 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Tumkur Minerals was incorporated on 13 December 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
Raju Tukaram Salgaonkar was appointed as Additional Director on 29 Apr 2025. Gurudas Narcinva Bene ceased to be Director on 01 Sep 2020. Dattaraj Vassudeva Salgaocar ceased to be Director on 30 Apr 2018. Tumkur Minerals has 10 board changes on record in total.
The registered office of Tumkur Minerals is at No. 2 Shiva Nilaya 1st Floor Near Saw Mill, Banasandra Road K. B. Cross Tiptur, Karnataka, India – 572114.
Tumkur Minerals operates in the metals and minerals industry, in the mining and mineral extraction segment.
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