TVS Commutation Solutions Limited
About TVS Commutation Solutions Limited
Data last updated:
TVS Commutation Solutions Limited was a public limited company based in Madurai, Tamil Nadu, India, operated as a subsidiary of Tvs Supply Chain Solutions 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 carriers services segment of the transport and logistics sector. It was incorporated on 21 July 2008.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U60200TN2008PLC068631. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹36 Cr and a paid-up capital of ₹71.91 Lakh. It was formerly known as Tvs Commutation Solutions Private Limited. It was led by directors including Shankar Ramalingam and Sonai Tamilselvan.
Its last annual general meeting (AGM) was held on 31 December 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at Tvs Building 7 B West Veli Street, Madurai, Tamil Nadu, India – 625001.
As per the financials filed for FY 2016, the company reported a revenue of ₹23.47 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹3.9 Cr (net margin -16.6%) and EBITDA of ₹2.7 Cr (EBITDA margin 11.5%).
As per MCA filings, the company had satisfied charges of ₹50.53 Cr on record. Court records list 9 cases involving the company, including 9 filed against it. The company has 1 deal on record (1 acquisition); the latest was in January 2016. Its 7 peer companies in the Transport and Logistics industry (Road Carriers and Trucking), with the same principal business activity (land transport via road) are compared by revenue, 3 larger and 4 smaller; the largest is Laxmi Freight Carriers Private Limited with revenue of ₹23.66 Cr.
Company details
CIN history
TVS Commutation Solutions has one previous CIN (Corporate Identification Number): U60200TN2008PTC068631. The current CIN is U60200TN2008PLC068631, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U60200TN2008PLC068631 | Current |
| U60200TN2008PTC068631 | Previous |
Contact details
TVS Commutation Solutions Limited's registered office is in Madurai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressTvs Building 7 B West Veli Street, Madurai, Tamil Nadu, India – 625001
- IndustryTransport and Logistics, Carriers Services
To see the full contact details of TVS Commutation Solutions 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 TVS Commutation Solutions is transport and storage. In detail, this covers land transport via road.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road |
To see the full business activity and turnover split of TVS Commutation Solutions Limited, buy the company report.
Financials of TVS Commutation Solutions Limited
FY 2016 filings availableTVS Commutation Solutions Limited reported revenue of ₹23.47 Cr (down 8% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year. EBITDA rose 62% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹23.47 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹2.7 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹3.9 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 11.5% | |
| Net Profit Margin | -16.6% | |
| 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 TVS Commutation Solutions Limited, buy the company report.
Board of directors of TVS Commutation Solutions Limited
TVS Commutation Solutions has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shankar Ramalingam Also directs: Linkmiles Mobility Private Limited | Director | 01 Apr 2013 | 13 Years 7 Months | As last reported |
| Sonai Tamilselvan | Director | 06 Oct 2008 | 18 Years 1 Months | As last reported |
| Ramachandhran Dinesh Also directs: Dinram Logistics Services LLP, DRSR Advisory Services LLP, Rajam Mobility Solution LLP and 5 more | Director | 21 Jul 2008 | 18 Years 3 Months | As last reported |
| Sargunaraj Ravichandran Also directs: TVS Energy Private Limited, TVS Industrial & Logistics Parks Private Limited, Dharmartha Venture Advisors LLP and 5 more | Director | 21 Jul 2008 | 18 Years 3 Months | As last reported |
Peer comparison
TVS Commutation Solutions Limited is compared with the 7 companies closest to it by revenue in the Transport and Logistics industry (Road Carriers and Trucking), with the same principal business activity (land transport via road), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Laxmi Freight Carriers Private Limited | ₹23.66 Cr (FY 2024) | 4.0% | Ahmedabad, Gujarat, India | |||
| Jalan Transport Private Limited | ₹23.6 Cr (FY 2017) | 6.0% | Gorakhpur, Uttar Pradesh, India | |||
| SCC Solution Private Limited | ₹23.56 Cr (FY 2025) | 60.0% | Delhi, India | |||
| TVS Commutation Solutions Limitedthis company | ₹23.47 Cr (FY 2016) | -₹3.9 Cr | -16.6% | -8.0% | Madurai, Tamil Nadu, India | |
| Dewas Truck Operators Private Limited | ₹23.31 Cr (FY 2025) | 22.0% | Indore, Madhya Pradesh, India | |||
| Inter City Carriers Private Limited | ₹23.16 Cr (FY 2024) | 8.0% | New Delhi, Delhi, India | |||
| M. R. Shah Logistics Private Limited | ₹23.15 Cr (FY 2025) | 8.0% | Ahmedabad, Gujarat, India | |||
| NDPR Logistics Private Limited | ₹23.08 Cr (FY 2025) | 12.0% | Faridabad, Haryana, India |
To see the full peer comparison of TVS Commutation Solutions Limited, buy the company report.
Auditor
TVS Commutation Solutions Limited is audited by P. K. F. Sridhar & Santhanam LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P. K. F. Sridhar & Santhanam LLP | FY 2016 | 003990S/S200018 |
Shareholding
The shareholding of TVS Commutation Solutions Limited is on record for FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of TVS Commutation Solutions Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2013 | 10407186 | Sundaram Finance Limited | ₹4.94 Cr | Satisfied | |
| 31 Jan 2011 | 10274348 | State Bank of India | ₹7 Cr | Satisfied | |
| 11 Jan 2011 | 10263359 | Sundaram Finance Limited | ₹93.64 Lakh | Satisfied | |
| 07 Sep 2010 | 10243080 | Sundaram Finance Limited | ₹85.07 Lakh | Satisfied | |
| 07 Sep 2010 | 10243033 | Sundaram Finance Limited | ₹85.07 Lakh | Satisfied |
To see the full charge records of TVS Commutation Solutions Limited, buy the company report.
Total charge records: 69 View all charges
Deals & funding
TVS Commutation Solutions Limited has 1 deal on record (1 acquisition); the latest was in January 2016.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2016 | Acquisition | Undisclosed | Buyer: Prasanna Purple Mobility Solutions Private Limited Seller: TVS Supply Chain Solutions Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
TVS Commutation Solutions Limited has 9 court cases on record: 9 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 0 |
| High courts | 4 | 4 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by The Oriental Insurance Co Ltd., | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by The Oriental Insurance Co Ltd., | Disposed |
| District court, Chennai, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, Chennai, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, Kancheepuram, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of TVS Commutation Solutions 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 TVS Commutation Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
TVS Commutation Solutions has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of TVS Commutation Solutions Limited, buy the company report.
Recent activity
TVS Commutation Solutions Limited has 9 board changes on record since 2008: 4 appointments and 5 cessations. The latest: Harsha Viji ceased to be Director on 05 Oct 2015.
139 earlier events are in the company report.
Frequently asked questions
TVS Commutation Solutions 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.
TVS Commutation Solutions was a public limited company based in Madurai, Tamil Nadu, India. The company worked in carriers services, within the transport and logistics industry. It was incorporated on 21 July 2008 and is registered under CIN U60200TN2008PLC068631. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
TVS Commutation Solutions was incorporated on 21 July 2008. It is registered with the Registrar of Companies, Chennai.
TVS Commutation Solutions had 4 directors:
- Shankar Ramalingam - Director
- Sonai Tamilselvan - Director
- Ramachandhran Dinesh - Director
- Sargunaraj Ravichandran - Director
The CIN (Corporate Identification Number) of TVS Commutation Solutions is U60200TN2008PLC068631. 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 TVS Commutation Solutions is at Tvs Building 7 B West Veli Street, Madurai, Tamil Nadu, India – 625001.
The latest financial statements of TVS Commutation Solutions on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 31 December 2016. Year-wise statements from 2015 are in the company report.
No. TVS Commutation Solutions has 2 GST registrations on record and all of them are cancelled or inactive.
TVS Commutation Solutions operated in the transport and logistics industry, in the carriers services segment.
TVS Commutation Solutions has 1 deal on record (1 acquisition); the latest was in January 2016.
The peers of TVS Commutation Solutions by revenue are Laxmi Freight Carriers Private Limited, Jalan Transport Private Limited, SCC Solution Private Limited, Dewas Truck Operators Private Limited, Inter City Carriers Private Limited and 2 more, all in the Transport and Logistics industry (Road Carriers and Trucking), with the same principal business activity (land transport via road).
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