TSC
TSC India financials
- Market cap
- ₹80 Cr
- Sector
- Consumer Services
What TSC India Ltd does
TSC India Limited is an integrated B2B ticketing platform specializing in air ticketing services. It operates as a consolidator that bridges airlines and smaller travel agents lacking direct airline systems, accreditations or relationships, aggregating agent demand to access GDS and low-cost-carrier flight inventory and negotiate better commercial terms with airlines. Agents transact through a technology-enabled portal offering booking, account/credit management, and reporting, with TSC extending credit facilities to agents while reducing airlines' counterparty risk. The company earns a commission-based take rate on the gross transaction value of tickets booked through its platform.
Segments
- Domestic air ticketing (B2B consolidation)
- International air ticketing (B2B consolidation)
- Agent-facing travel services
- Cities of presence
- 8 key cities (Jalandhar, New Delhi, Chandigarh, Jaipur, Lucknow, Ahmedabad & Vadodara, Pune, Thiruvananthapuram)
- Registered travel agents
- 3,578+ (FY26)
- Customers
- 3,500+
- Total tickets/bookings (FY26)
- 2,20,450+
- Average booking volume
- 600+ bookings/day
- Team size
- 82
Quarterly results
| Line item | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|
| Revenue | 12 | 14 | 16 | 13 |
| EBITDA | 4 | 4 | 5 | 1 |
| Net profit | 3 | 2 | 3 | 1 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −21.5% 1Y
1Y: ₹69.9 on 10 Sept 2025 → ₹54.85. High ₹69.9 (10 Sept 2025), low ₹25.3 (15 Jun 2026).
Balance sheet
| Year ending | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Equity capital | ₹2 Cr | ₹2 Cr | ₹2 Cr | ₹14 Cr | ₹15 Cr |
| Reserves | ₹2 Cr | ₹3 Cr | ₹7 Cr | ₹28 Cr | ₹30 Cr |
| Borrowings | ₹5 Cr | ₹13 Cr | ₹18 Cr | ₹26 Cr | ₹19 Cr |
| Other liabilities | ₹6 Cr | ₹9 Cr | ₹27 Cr | ₹21 Cr | ₹34 Cr |
| Total liabilities | ₹15 Cr | ₹26 Cr | ₹53 Cr | ₹90 Cr | ₹98 Cr |
| Fixed assets | ₹1 Cr | ₹3 Cr | ₹3 Cr | ₹2 Cr | ₹9 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹14 Cr | ₹23 Cr | ₹51 Cr | ₹88 Cr | ₹88 Cr |
| Total assets | ₹15 Cr | ₹26 Cr | ₹53 Cr | ₹90 Cr | ₹98 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Sep 2025, the public added +5.44 pp while DIIs trimmed −3.10 pp. The shareholder count grew 4% to 483.
- Promoters
- 64.7%
- DIIs
- 2.4%
- Public
- 32.9%
Since Sep 2025
- Public +5.44 pp
- DIIs −3.10 pp
- Promoters −2.17 pp
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Syed Qaim Abbas Rizvi newly disclosed 2.84% held
- Manish Kumar +0.47 pp 1.96% held
The same filing shows 4 holders trimming and 2 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of TSC India Ltd above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Ashish Kumar Mittal | 31.63% | −1.07 pp |
| Vinay Gupta | 19.22% | −0.65 pp |
| Puja Mittal | 11.19% | −0.38 pp |
| Syed Qaim Abbas Rizvi | 2.84% | newly disclosed |
| Aarth AIF Growth Fund AIF | 2.08% | unchanged |
| Manish Kumar | 1.96% | +0.47 pp |
| Natisha Choudhary | 1.72% | −0.06 pp |
| Nisha Agarwala | 1.43% | unchanged |
| Moneywise Financial Services Pvt. Ltd. Mfspl | 1.12% | unchanged |
| Utsav Pramodkumar Shrivastav (Huf) | 1.03% | unchanged |
| Huf | 1.03% | unchanged |
| Hbpa Tradex Private Limited | 1.01% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- -1.2% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
Learn to analyse TSC India Ltd
Guides on how to read this kind of business and the numbers that matter.