About Tungaloy India Private Limited
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Tungaloy India Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of International Metal Working Companies B V. It operates in the industrial machinery retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 10 June 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2009FTC215964. Its GSTIN is 27AADCT1961B1ZM (Maharashtra).
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹51.5 Lakh. It is led by directors including Jay Chandravadan Shah (Managing Director) and Yatin Kantilal Zaveri.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹356.26 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹21.33 Cr (net margin 6%) and EBITDA of ₹29.59 Cr (EBITDA margin 8.3%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 16% over five years.
The company has about 123 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Tungaloy. As per MCA filings, the company has open charges of ₹42.15 Lakh on record. Court records list 12 cases involving the company, including 11 filed by the company and 1 filed against it; 4 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in June 2018. The company has 6 MSME Form 1 returns on record between 2021 and 2023, listing 70 overdue payments to 18 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tungaloy.com.
Company details
CIN history
Tungaloy India has one previous CIN (Corporate Identification Number): U51909DL2009FTC191096. The current CIN is U51909MH2009FTC215964, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909MH2009FTC215964 | Current |
| U51909DL2009FTC191096 | Previous |
Contact details
Tungaloy India Private Limited's registered office is in Mumbai, Maharashtra. Its website is tungaloy.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Apps
- Registered AddressOne International Centre Unit 902 – A 9th Floor Tower 1, Senapati Bapat Marg Elphinstone Road West, Mumbai, Maharashtra, India – 400013
- IndustryMachinery and Equipment, Industrial Machinery Retail & Distribution
To see the full contact details of Tungaloy India 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
Brands
Tungaloy India operates one associated brand: Tungaloy. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of carbide cutting tools, friction materials, and civil engineering products | tungaloy.com |
Business activity
The main business activity of Tungaloy India 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 Tungaloy India Private Limited, buy the company report.
Financials of Tungaloy India Private Limited
FY 2025 filings availableTungaloy India Private Limited reported revenue of ₹356.26 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 8% growth in the latest year. EBITDA fell 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 |
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| EBITDA | ₹29.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹21.33 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.3% | ||||
| Net Profit Margin | 6% | ||||
| Return on Equity (ROE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Tungaloy India Private Limited, buy the company report.
Board of directors of Tungaloy India Private Limited
Tungaloy India has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yatin Kantilal Zaveri | Director | 11 May 2011 | 15 Years 5 Months | Current |
| Jacob Harpaz Also directs: Taegutec India Private Limited, Iscar India Private Limited | Director | 14 May 2010 | 16 Years 5 Months | Current |
| Jay Chandravadan Shah | Managing Director | 12 Jan 2010 | 16 Years 9 Months | Current |
Auditor
Tungaloy India Private Limited is audited by M S K A & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & Associates | FY 2023 | 105047W |
Shareholding
The shareholding of Tungaloy India Private 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 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Tungaloy India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2022 | 100565205 | Hdfc Bank Limited | ₹42.15 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Tungaloy India Private Limited has 1 deal on record (1 secondary share transfer); the latest was in June 2018.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2018 | 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
Tungaloy India Private Limited has 12 court cases on record: 11 filed by Tungaloy India, 1 filed against it. 4 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 1 | 4 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Toolmatic India Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed by the company against Toolmatic India Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Toolmatic India Private Limited and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Warm Gears Private Limited and 2 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Toolmatic India Private Limited | Disposed |
To see the full case history of Tungaloy India 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
Tungaloy India Private Limited has 6 MSME Form 1 returns on record between 2021 and 2023, listing 70 overdue payments to 18 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 (5 of 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Falcon Toolings | |||
| an individual supplier | |||
| Friend's Tools | |||
| R K Tooling Systems | |||
| Hi-Speed Machining India Private Limited |
To see the full MSME payment records of Tungaloy India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Tungaloy India Private Limited has a workforce of 123 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Tungaloy India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCT1961B1ZM | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Tungaloy India Private Limited, buy the company report.
Recent activity
Tungaloy India Private Limited has 7 board changes on record since 2009: 5 appointments and 2 cessations. The latest: Amitabha Dan ceased to be Director on 11 May 2011.
Frequently asked questions
Tungaloy India is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery retail and distribution, within the machinery and equipment industry. It was incorporated on 10 June 2009 (17+ years old) and is registered under CIN U51909MH2009FTC215964.
Tungaloy India has 3 current directors:
- Jay Chandravadan Shah - Managing Director
- Yatin Kantilal Zaveri - Director
- Jacob Harpaz - Director
The latest financial statements of Tungaloy India 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 Tungaloy India is 27AADCT1961B1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Tungaloy India is U51909MH2009FTC215964. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tungaloy India has 12 court cases on record: 11 filed by the company and 1 filed against it. 4 are pending.
Tungaloy India was incorporated on 10 June 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Tungaloy India has 1 deal on record (1 secondary share transfer); the latest was in June 2018.
Amitabha Dan ceased to be Director on 11 May 2011. Yatin Kantilal Zaveri was appointed as Director on 11 May 2011. Jacob Harpaz was appointed as Director on 14 May 2010. Tungaloy India has 7 board changes on record in total.
Tungaloy India has 6 MSME Form 1 returns on record between 2021 and 2023, listing 70 overdue payments to 18 micro and small suppliers. The latest return was filed on 30 Aug 2023.
Tungaloy India can be reached through the website tungaloy.com. Its registered office is in Mumbai, Maharashtra, India.
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