Tata Tele. Mah.

  • Market Cap: Small Cap
  • Industry: Telecom - Services
  • ISIN: INE517B01013
  • NSEID: TTML
  • BSEID: 532371
INR
36.26
-1.67 (-4.4%)
BSENSE

Mar 20

BSE+NSE Vol: 1.1 cr

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

1.1 cr (154.60%) Volume

Shareholding (Dec 2025)

FII

2.64%

Held by 97 FIIs

DII

0.01%

Held by 7 DIIs

Promoter

74.36%

Who are in the management team of Tata Tele. Mah.?

06-Jun-2025

As of March 2022, the management team of Tata Tele. Mah. includes Harjit Singh (Managing Director), Amur Swaminathan Lakshminarayanan (Chairman), and several independent and non-executive directors such as Hiroo Mirchandani and Narendra Damodar Jadhav. They oversee the company's governance and operations.

As of March 2022, the management team of Tata Tele. Mah. includes the following individuals:<BR><BR>1. Hiroo Mirchandani - Independent Director<BR>2. Vrushali Dhamnaskar - Company Secretary & Compliance Officer<BR>3. Ankur Verma - Non-Executive & Non-Independent Director<BR>4. Narendra Damodar Jadhav - Independent Director<BR>5. Kumar Ramanathan - Independent Director<BR>6. Amur Swaminathan Lakshminarayanan - Chairman (Non-Executive)<BR>7. Harjit Singh - Managing Director<BR><BR>These members play various roles within the company, contributing to its governance and operational oversight.

View full answer

What does Tata Tele. Mah. do?

06-Jun-2025

Tata Teleservices (Maharashtra) Ltd provides digital connectivity and communication solutions for businesses, with a market cap of Rs 13,972 Cr. As of March 2025, it reported net sales of 308 Cr and a net loss of 306 Cr.

Overview: <BR>Tata Teleservices (Maharashtra) Ltd is a leading player in the digital connectivity and communication solutions market for business enterprises, operating in the Telecom - Services industry within the Mid Cap market-cap bracket.<BR><BR>History: <BR>Tata Teleservices (Maharashtra) Ltd was incorporated in an unspecified year and has undergone status changes over time. The latest quarterly results reported are for March 2025, showing net sales and profit figures.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 308 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: -306 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 13,972 Cr (Mid Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 42 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -1.03 <BR>Return on Equity: 6.52% <BR>Price to Book: -0.72<BR><BR>Contact Details: <BR>Address: D-26 TTC Industrial Area, MIDC Sanpada P O Turbhe Navi Mumbai Maharashtra : 400703 <BR>Tel: 91-22-6661 5111 <BR>Email: investor.relations@tatatel.co.in <BR>Website: http://www.tatateleservices.com

View full answer

What is the bonus history of the Tata Tele. Mah.?

06-Jun-2025

Tata Teleservices (Maharashtra) Ltd announced a 2:15 bonus issue on August 7, 2013, granting shareholders 2 additional shares for every 15 shares held, with a record date of August 8, 2013.

Tata Teleservices (Maharashtra) Ltd has a bonus history that includes a notable issue announced on August 7, 2013. This was a 2:15 bonus issue, meaning that for every 15 shares held, shareholders received 2 additional shares. The record date for this bonus was August 8, 2013. If you have any more questions about the company or its financials, feel free to ask!

View full answer

Has Tata Tele. Mah. declared dividend?

06-Jun-2025

No Dividend History Available

Who are the peers of the Tata Tele. Mah.?

03-Jun-2025

Tata Tele. Mah.'s peers include Bharti Airtel, Vodafone Idea, Tata Comm, and others. It has average management risk and below-average growth, with a 1-year return of -3.15%.

Peers: The peers of Tata Tele. Mah. are Bharti Airtel, Bharti Hexacom, Vodafone Idea, Tata Comm, Railtel Corpn., Route Mobile, M T N L, Megasoft, and Sar Televenture.<BR><BR>Quality Snapshot: Excellent management risk is observed at Bharti Airtel, Tata Comm, and Route Mobile, while Average management risk is found at Bharti Hexacom and Railtel Corpn. Vodafone Idea and Tata Tele. Mah. have Average management risk, while M T N L does not qualify. Growth is Excellent at Bharti Airtel, Bharti Hexacom, Tata Comm, and Sar Televenture, while Average growth is seen at Railtel Corpn. and Route Mobile. Below Average growth is noted for Vodafone Idea, Megasoft, and Tata Tele. Mah., while M T N L does not qualify. Capital Structure is Excellent at Railtel Corpn. and Route Mobile, Average at Bharti Hexacom, and Below Average at Bharti Airtel, Tata Comm, Vodafone Idea, Megasoft, and Tata Tele. Mah., while M T N L does not qualify.<BR><BR>Return Snapshot: Bharti Hexacom has the highest 1-year return at 77.78%, while Vodafone Idea has the lowest at -57.30%. Tata Tele. Mah.'s 1-year return is -3.15%, which is higher than Vodafone Idea's but lower than Bharti Hexacom's. Additionally, Tata Comm, Railtel Corpn., Route Mobile, and Sar Televenture have negative six-month returns.

View full answer

Who are the top shareholders of the Tata Tele. Mah.?

17-Jul-2025

The top shareholders of Tata Tele. Mah. include Tata Teleservices Limited with 48.3%, individual investors at 21.01%, and 91 foreign institutional investors holding 2.54%. There are no pledged promoter holdings or significant public shareholders.

The top shareholders of Tata Tele. Mah. are primarily the promoters, with Tata Teleservices Limited holding the largest share at 48.3%. Additionally, there are 13 mutual fund schemes that collectively hold 0.11% of the shares, and 91 foreign institutional investors (FIIs) hold 2.54%. Individual investors account for 21.01% of the holdings. Notably, there are no pledged promoter holdings and no significant public shareholders listed.

View full answer

How big is Tata Tele. Mah.?

24-Jul-2025

As of 24th July, Tata Teleservices (Maharashtra) Ltd has a market capitalization of 12,457.00 Cr and reported net sales of 2,098.27 Cr, with a net loss of 318.00 Cr; specific values for Shareholder's Funds and Total Assets are unavailable.

As of 24th July, Tata Teleservices (Maharashtra) Ltd has a market capitalization of 12,457.00 Cr, categorizing it as a Mid Cap company.<BR><BR>In the latest four quarters, Tata Teleservices reported net sales of 2,098.27 Cr. However, the company experienced a loss of 318.00 Cr in net profit during the same period.<BR><BR>The reporting period for the balance sheet data is the latest annual period. Unfortunately, specific values for Shareholder's Funds and Total Assets are not available.

View full answer

Is Tata Tele. Mah. technically bullish or bearish?

14-Oct-2025

As of 13 October 2025, the market trend is bearish with moderate strength, supported by bearish indicators across daily, weekly, and monthly charts, despite a mildly bullish weekly MACD.

As of 13 October 2025, the technical trend has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. The weekly MACD indicates a mildly bullish condition, but the monthly MACD is bearish, suggesting a divergence in time frames. The daily moving averages are bearish, reinforcing the negative sentiment. Bollinger Bands on the weekly are bearish, while the monthly shows a mildly bearish trend. KST is bearish on both weekly and monthly charts. Overall, the lack of strong bullish signals from RSI and the Dow Theory indicating no trend on the weekly further support the bearish outlook.

View full answer

How has been the historical performance of Tata Tele. Mah.?

23-Oct-2025

Tata Tele. Mah. showed significant financial improvement from March 2009 to March 2011, with net sales rising to 2,265.59 Cr and profit before tax turning positive at 80.24 Cr. The company also improved its earnings per share to 0.42 and strengthened its liquidity position with increased cash equivalents.

Answer:<BR>The historical performance of Tata Tele. Mah. shows a significant improvement in financial metrics from March 2009 to March 2011.<BR><BR>Breakdown:<BR>In March 2011, Tata Tele. Mah. reported net sales of 2,265.59 Cr, an increase from 2,098.27 Cr in March 2010 and 1,945.85 Cr in March 2009. The total operating income also rose to 2,303.05 Cr in March 2011, up from 2,277.78 Cr in March 2010 and 2,045.98 Cr in March 2009. However, the total expenditure excluding depreciation increased to 2,020.36 Cr in March 2011 from 1,717.43 Cr in March 2010 and 1,457.98 Cr in March 2009. Operating profit (PBDIT) saw a notable increase to 1,170.70 Cr in March 2011, compared to 592.02 Cr in March 2010 and 600.08 Cr in March 2009. The profit before tax turned positive at 80.24 Cr in March 2011, recovering from losses of -317.99 Cr in March 2010 and -168.73 Cr in March 2009. Consequently, the profit after tax also improved to 80.23 Cr in March 2011 from losses in the previous two years. The earnings per share (EPS) reflected this positive trend, rising to 0.42 in March 2011 from -1.68 in March 2010 and -0.90 in March 2009. Cash flow from operating activities was 245.00 Cr in March 2011, down from 590.00 Cr in March 2010 but improved from 387.00 Cr in March 2009. The closing cash and cash equivalents increased to 74.00 Cr in March 2011 from 23.00 Cr in March 2010 and 27.00 Cr in March 2009, indicating a stronger liquidity position. Overall, Tata Tele. Mah. demonstrated a recovery in profitability and operational efficiency over the observed period.

View full answer

When is the next results date for Tata Teleservices (Maharashtra) Ltd?

14-Jan-2026

The next results date for Tata Teleservices (Maharashtra) Ltd is January 20, 2026.

The next results date for Tata Teleservices (Maharashtra) Ltd is scheduled for January 20, 2026.

View full answer

Are Tata Teleservices (Maharashtra) Ltd latest results good or bad?

20-Jan-2026

Tata Teleservices (Maharashtra) Ltd's latest results are largely negative, showing a net loss of ₹146.38 crores despite a record-high operating margin. The company's ongoing financial challenges, including high debt and declining stock performance, raise concerns about its stability and future prospects.

Tata Teleservices (Maharashtra) Ltd's latest results reflect a mixed performance, but overall, they indicate significant challenges. In Q3 FY26, the company reported a net loss of ₹146.38 crores, which is a negative outcome despite achieving a record-high operating margin of 59.56%. This operational efficiency is commendable, with an operating profit of ₹175.29 crores, but it is overshadowed by ongoing financial burdens such as high interest and depreciation costs.<BR><BR>The company's stock has also been underperforming, with a decline of 46.28% over the past year, contrasting sharply with the Sensex's gain of 6.63%. This persistent bearish trend, combined with a negative book value and a high debt-to-EBITDA ratio, raises concerns about its financial stability and future prospects.<BR><BR>While the operational metrics show some strength, the inability to translate this into profitability and the structural financial issues suggest that the results are more negative than positive. Therefore, the overall assessment leans towards the results being bad, highlighting the need for significant changes to improve the company's financial health.

View full answer

Should I buy, sell or hold Tata Teleservices (Maharashtra) Ltd?

21-Jan-2026

Why is Tata Teleservices (Maharashtra) Ltd falling/rising?

16-Mar-2026

As of 16-Mar, Tata Teleservices (Maharashtra) Ltd's stock price has risen slightly to Rs. 38.40, but it has declined by -36.85% over the past year and faces significant challenges, including high debt and weak fundamentals, indicating ongoing volatility.

As of 16-Mar, Tata Teleservices (Maharashtra) Ltd is experiencing a slight rise in its stock price, currently at Rs. 38.40, with a change of 0.15 (0.39%) upwards. However, this increase comes against a backdrop of significant challenges for the company. Over the past year, the stock has generated a return of -36.85%, indicating a substantial decline in value. This underperformance is compounded by the fact that the stock has consistently lagged behind the benchmark index, the Sensex, which has increased by 2.27% over the same period.<BR><BR>Today's performance shows that the stock hit a new 52-week low of Rs. 37.1 earlier in the day, reflecting ongoing investor concerns. Despite outperforming its sector by 0.96% today, the stock is trading below its moving averages across various time frames, suggesting a bearish trend. Additionally, there has been a decline in investor participation, with delivery volume falling by 3.99% against the 5-day average, indicating reduced interest from investors.<BR><BR>The company also faces long-term challenges, including a negative book value and a weak fundamental strength, as evidenced by stagnant net sales growth of only 2.49% annually over the last five years and an operating profit growth rate of 0%. The high debt levels, with a debt-to-equity ratio averaging at 0 times, further exacerbate the risks associated with the stock. Moreover, the minimal stake held by domestic mutual funds, at only 0.5%, suggests a lack of confidence in the company's prospects.<BR><BR>In summary, while there is a minor uptick in the stock price today, the overall trend and fundamental indicators point towards a struggling company facing significant headwinds, which could lead to continued volatility in its stock performance.

View full answer
iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

With a Negative Book Value, the company has a Weak Long Term Fundamental Strength

  • Poor long term growth as Net Sales has grown by an annual rate of 2.49% and Operating profit at 0% over the last 5 years
  • High Debt Company with a Debt to Equity ratio (avg) at 0 times
2

Risky - Negative Book Value

3

Despite the size of the company, domestic mutual funds hold only 0.5% of the company

4

Below par performance in long term as well as near term

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Telecom - Services

stock-summary
Market cap

INR 7,370 Cr (Small Cap)

stock-summary
P/E

NA (Loss Making)

stock-summary
Industry P/E

35

stock-summary
Dividend Yield

0.00%

stock-summary
Debt Equity

-1.03

stock-summary
Return on Equity

5.54%

stock-summary
Price to Book

-0.38

Revenue and Profits:
Net Sales:
294 Cr
(Quarterly Results - Dec 2025)
Net Profit:
-150 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-27.2%
0%
-27.2%
6 Months
-37.16%
0%
-37.16%
1 Year
-40.64%
0%
-40.64%
2 Years
-53.59%
0%
-53.59%
3 Years
-35.93%
0%
-35.93%
4 Years
-72.43%
0%
-72.43%
5 Years
153.57%
0%
153.57%

Tata Tele. Mah. for the last several years.

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

Announcements stock-summary

Appointment of Company Secretary and Compliance Officer

02-Mar-2026 | Source : BSE

Based on the recommendation of Nomination and Remuneration Committee the Board of Directors at its meeting held today have appointed Mr. Amit Gupta (ACS 13518) as the Company Secretary and Compliance Officer of the Company effective March 2 2026.

Authorised Persons Under Regulation 30(5) Of The SEBI (Listing Obligation And Disclosure Requirements) Regulations 2015

02-Mar-2026 | Source : BSE

Authorised Persons under Regulation 30(5) of the SEBI Listing Regulations

Announcement under Regulation 30 (LODR)-Change in Management

02-Mar-2026 | Source : BSE

Based on the recommendation of Nomination and Remuneration Committee the Board of Directors at its meeting held today have appointed Mr. Amit Gupta (ACS 13518) as the Company Secretary and Compliance Officer of the Company effective March 2 2026.

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

No Dividend history available

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

Tata Teleservices (Maharashtra) Ltd has announced 2:15 bonus issue, ex-date: 07 Aug 13

stock-summary
RIGHTS

Tata Teleservices (Maharashtra) Ltd has announced 19:100 rights issue, ex-date: 19 Oct 06

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
2.49%
EBIT Growth (5y)
8.18%
EBIT to Interest (avg)
0
Debt to EBITDA (avg)
37.48
Net Debt to Equity (avg)
-1.03
Sales to Capital Employed (avg)
0
Tax Ratio
Tax Ratio is Negative%
Dividend Payout Ratio
0
Pledged Shares
0
Institutional Holding
2.78%
ROCE (avg)
42.24%
ROE (avg)
0

Valuation key factors

Factor
Value
P/E Ratio
NA (Loss Making)
Industry P/E
35
Price to Book Value
-0.36
EV to EBIT
59.50
EV to EBITDA
44.77
EV to Capital Employed
40.22
EV to Sales
23.46
PEG Ratio
NA
Dividend Yield
NA
ROCE (Latest)
62.86%
ROE (Latest)
Negative BV

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bearish
Bearish
RSI
No Signal
No Signal
Bollinger Bands
Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Bearish
Dow Theory
Mildly Bearish
Mildly Bearish
OBV
Mildly Bullish
Bullish
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 15 Schemes (0.13%)

FIIs

Held by 97 FIIs (2.64%)

Promoter with highest holding

Tata Teleservices Limited (48.3%)

Highest Public shareholder

None

Individual Investors Holdings

20.96%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Standalone) - Dec'25 - QoQ",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is 2.86% vs 0.66% in Sep 2025",
        "dir": 1
      },
      {
        "prefix": "Standalone Net Profit ",
        "suffix": "QoQ Growth in quarter ended Dec 2025 is 53.11% vs 1.28% in Sep 2025",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Sep'25",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "294.31",
          "val2": "286.13",
          "chgp": "2.86%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "175.29",
          "val2": "139.80",
          "chgp": "25.39%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "287.82",
          "val2": "424.99",
          "chgp": "-32.28%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "-4.05",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Standalone Net Profit",
          "val1": "-150.43",
          "val2": "-320.82",
          "chgp": "53.11%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "59.56%",
          "val2": "48.86%",
          "chgp": "10.70%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "alert": "No Half Yearly Results declared by Tata Tele. Mah."
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by Tata Tele. Mah."
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 9.77% vs 7.73% in Mar 2024",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is -3.82% vs -7.31% in Mar 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "1,308.04",
          "val2": "1,191.65",
          "chgp": "9.77%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "573.68",
          "val2": "529.07",
          "chgp": "8.43%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "1,694.01",
          "val2": "1,621.54",
          "chgp": "4.47%",
          "chgp_class": "negative"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.53",
          "val2": "1.33",
          "chgp": "-60.15%",
          "chgp_class": "negative"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "-1,275.32",
          "val2": "-1,228.44",
          "chgp": "-3.82%",
          "chgp_class": "negative"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "31.02%",
          "val2": "31.77%",
          "chgp": "-0.75%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Standalone) - Dec'25 - QoQstock-summary

Dec'25
Sep'25
Change(%)
Net Sales
294.31
286.13
2.86%
Operating Profit (PBDIT) excl Other Income
175.29
139.80
25.39%
Interest
287.82
424.99
-32.28%
Exceptional Items
-4.05
0.00
Standalone Net Profit
-150.43
-320.82
53.11%
Operating Profit Margin (Excl OI)
59.56%
48.86%
10.70%
Values in Rs Cr.
Direction Arrows
Net Sales

QoQ Growth in quarter ended Dec 2025 is 2.86% vs 0.66% in Sep 2025

Direction Arrows
Standalone Net Profit

QoQ Growth in quarter ended Dec 2025 is 53.11% vs 1.28% in Sep 2025

Annual Results Snapshot (Consolidated) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
1,308.04
1,191.65
9.77%
Operating Profit (PBDIT) excl Other Income
573.68
529.07
8.43%
Interest
1,694.01
1,621.54
4.47%
Exceptional Items
0.53
1.33
-60.15%
Consolidate Net Profit
-1,275.32
-1,228.44
-3.82%
Operating Profit Margin (Excl OI)
31.02%
31.77%
-0.75%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 9.77% vs 7.73% in Mar 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2025 is -3.82% vs -7.31% in Mar 2024

stock-summaryCompany CV
About Tata Teleservices (Maharashtra) Ltd stock-summary
stock-summary
Tata Teleservices (Maharashtra) Ltd
Small Cap
Telecom - Services
Tata Teleservices (Maharashtra) Limited was initially incorporated as 'Hughes Ispat Limited' on March 13, 1995. The Company changed the name to Hughes Telecom (India) Limited in 2000, and later, the name of the Company was changed to Tata Teleservices (Maharashtra) Limited in February, 2013. As at March 31, 2025, Tata Teleservices Limited, the holding Company owns 48.30% of Company's equity shares and Tata Sons Private Limited (the Promoter), the ultimate holding Company owned 19.
Company Coordinates stock-summary
Company Details
D-26 TTC Industrial Area, MIDC Sanpada P O Turbhe Navi Mumbai Maharashtra : 400703
stock-summary
Tel: 91-22-6661 5111
stock-summary
investor.relations@tatatel.co.in
Registrar Details
TSR Darashaw Ltd, 6-10 , Haji Moosa Patrawala Indl. Est , 20 Dr.E.Moses Road , Mahalaxmi , Mumbai