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₹35Cr
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TIHIL
VS
| Quarter | Sep 2024 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | | | | -0.2 | -57.3 |
| 11 | 15 | 23 | 11 | 6 |
Operating Profit Operating ProfitCr |
| 5.4 | 2.3 | 2.8 | -1.4 | 8.8 |
Other Income Other IncomeCr | 1 | 0 | 0 | 0 | 0 |
Interest Expense Interest ExpenseCr | 1 | 1 | 1 | 0 | 0 |
Depreciation DepreciationCr | 0 | 0 | 0 | 0 | 0 |
| 1 | 0 | 0 | 0 | 1 |
| 0 | 0 | 0 | 0 | 0 |
|
Growth YoY PAT Growth YoY% | | | | -171.7 | 640.0 |
| 4.1 | 0.3 | 0.8 | -2.9 | 5.7 |
| 0.1 | 0.0 | 0.0 | -0.1 | 0.1 |
| Financial Year | Mar 2025 |
|---|
|
| |
| 41 |
Operating Profit Operating ProfitCr |
| 4.5 |
Other Income Other IncomeCr | 2 |
Interest Expense Interest ExpenseCr | 3 |
Depreciation DepreciationCr | 0 |
| 1 |
| 0 |
|
| |
| 2.4 |
| 0.3 |
| Financial Year |
|---|
Equity Capital Equity CapitalCr |
|
Current Liabilities Current LiabilitiesCr |
Non Current Liabilities Non Current LiabilitiesCr |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr |
Non Current Assets Non Current AssetsCr |
Total Assets Total AssetsCr |
| Financial Year | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 1 |
Investing Cash Flow Investing Cash FlowCr | -3 |
Financing Cash Flow Financing Cash FlowCr | 2 |
|
Free Cash Flow Free Cash FlowCr | |
| 62.8 |
CFO To EBITDA CFO To EBITDA% | 32.6 |
| Financial Year | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 45 |
Price To Earnings Price To Earnings | 43.9 |
Price To Sales Price To Sales | 1.0 |
Price To Book Price To Book | 2.2 |
| |
Profitability Ratios Profitability Ratios |
| 10.8 |
| 4.5 |
| 2.4 |
| |
| |
| |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Overview**
Trans India House Impex Limited (TIHIL), formerly known as IO System Limited, is a service-oriented international trade conglomerate established over **35 years ago**. Listed on the **BSE Main Board**, TIHIL specializes in **export, import, and merchant trading**, acting as a bridge between domestic manufacturers and global markets. The company facilitates end-to-end trade solutions, including market identification, product sourcing, compliance management, and transaction execution.
TIHIL has carved a niche in **Ceramic Tiles, Textiles, Fabrics, FMCG, Packaging Products, and Building Materials**, serving clients across **India, West Africa, UAE, USA, Asia, Europe, Australia, and the Middle East**. With a strong presence in **Western Africa**—particularly Senegal—and the **UAE**, the company is transitioning from a traditional trader to an integrated player through targeted expansion into manufacturing, retail, and digital innovation.
---
### **Core Business & Markets**
- **Primary Export Products**:
- **Ceramic Tiles**: Marble, mosaic, porcelain, and granite variants in diverse sizes and designs.
- **Textiles & Fabrics**: Home textiles and fashion fabrics (GSM 120–180), customizable for Western-style apparel.
- **FMCG**: Spices, rice (notably *Teranga Rizblanc Rice* launched in Senegal), alkaline Kangen Water (exclusive exporter), cooking oil, and confectionery.
- **Packaging**: Water-resistant PP bags with customizable designs and FSSC 22000-certified dehydrated vegetables (halal & kosher compliant).
- **Geographic Reach**:
- **International**: Strong footholds in **Senegal, UAE, West Africa**, with emerging presence in the USA, Europe, and Asia.
- **Domestic**: Pan-India operations, with plans for nationwide retail expansion.
- Sales are **geographically diversified**, reducing reliance on any single market.
- **Supply Chain & Trade Model**:
- Operates as a **merchant trader**, leveraging a network of domestic suppliers and global buyers.
- Uses a **three-tier distribution model** (sales team, distributors, retailers) to ensure market penetration.
- Maintains strong **logistics and trade finance partnerships**, including government-backed mechanisms.
---
### **Strategic Expansion & Diversification**
#### 1. **Retail Expansion in West Africa**
- Opened **four warehouse-cum-retail outlets** in **Touba, Mbour, Keur Massar, and Patte D’Oie (Senegal)** in 2024, offering premium ceramic tiles, sanitaryware, and bath fixtures.
- Launched a **specialized sports footwear showroom in Dakar** (operational Dec 2024) under its rebranded **RAVEN** footwear brand.
- Focus: Sports and football footwear.
- Performance: High footfall, strong sales conversion, positive customer feedback—paving the way for regional retail roll-out.
#### 2. **Domestic Retail & Brand Re-entry**
- Established **TIHIL IDA Group Private Limited** as a domestic subsidiary.
- Rebranding and scaling **RAVEN** as a pan-India footwear brand.
- Strategic goal: **Retail dominance across India** with consumer-focused branding and product availability.
#### 3. **Vertical Integration in Textiles**
- Plans to establish a **vertically integrated knitting unit** to control quality, customization, and sustainability.
- Aims to reduce dependency on external suppliers and mitigate risks from price volatility.
#### 4. **Digital Innovation: TIHIL Pro**
- In development: AI-powered **"TIHIL Pro" mobile & web app**, set for launch by FY2025.
- **Objective**: Digitize and streamline export operations for Indian SMEs—offering market intelligence, logistics, and compliance support.
- Backed by investor funding and promoted as a transformational tool for the Indian export ecosystem.
#### 5. **Joint Venture & New Verticals**
- Formed **TIHIL NVBF Media House Private Limited** with **Nicky & Vicky Bhagnani Films**.
- Focus: Digital content, influencer marketing, celebrity endorsements, and brand storytelling.
- Strategic intent: Enhance brand visibility and consumer engagement, especially for FMCG and retail products.
---
### **Notable Milestones & Initiatives**
- **Vibrant Gujarat Global Summit 2024**:
- Conducted **90+ international B2B meetings**, creating potential partnerships and investment opportunities.
- **Corporate Infrastructure Growth**:
- Acquiring a **new corporate office in Ahmedabad** (under construction) to support operational scaling and improved stakeholder collaboration.
- **Export Orders**:
- Secured **$73.85 million (INR 600 crore)** in export orders for pharmaceutical antibiotics (Feb 2023).
- **Private Label Launches**:
- *Teranga Rizblanc Rice* in Senegal—positioned for local consumer preferences.
- Exclusive global rights to export **Kangen Water** (premium alkaline water using Japanese technology).
---
### **Leadership & Promoters**
- **Mr. Irfan Abdulrahimbhai Qureshi** (13.48% stake):
- Leads textile exports; over 12 years of experience; oversees procurement and international market strategy.
- Net worth: ₹133.98 lakh (as of Dec 2021).
- **Mr. Mayank Suresh Jolly** (13.17% stake):
- Manages export procurement and supply chain; expertise in negotiation and logistics.
- Director at Esportare India, Sunsource Capital, and Citrine Buildcon.
- Championed the TIHIL Pro digital initiative.
- **Sunsource Capital Services India Limited** (28.70% stake):
- Key institutional promoter and strategic investor.
---
### **Operational Strengths**
- **Trade Compliance Excellence**: Dedicated legal and regulatory team ensuring adherence to international customs, import/export controls, and product standards.
- **Global Alliances**: Strong partnerships in **logistics, shipping, and trade finance**, enabling scalability and reliable execution.
- **Market Intelligence**: Uses advanced research to anticipate trends, adapt to geopolitical shifts, and identify growth markets.
- **Technology-Driven SCM**: Employs advanced supply chain systems for efficiency and timely delivery.