TPI India shareholders and shareholding pattern

BSE: 500421Industrial ProductsSmall Cap

₹13.40₹0.12 (0.90%)

Share price at the BSE close on 23 Oct 2026. Previous close ₹13.28.

52-week range of traded prices to 23 Oct 2026

₹12.80Low, 23 Oct 2026₹27.01High, 25 Aug 2026

Market cap: ₹58 Cr3,138th largest listed
P/E: 19.3
P/B: Net worth zero or below
Dividend yield: Nonein the last 12 months
ROE: Net worth zero or below
ROCE: 115.3%
Debt to equity: Net worth zero or below
Volume, BSE: 17,168

Who owns TPI India, filing by filing

Per cent of the company's shares. The last ten years of filings, from Dec 2016; the latest is the filing for Sep 2026.

Sep 2026 filing

Promoters58.71%
Indian institutions0.02%
Individuals and others41.27%

Shareholding pattern, per cent, from Sep 2021

Promoters
Indian institutions
Individuals and others

Per cent	Dec 2016Filed 21 Jan	Mar 2017Filed 21 Apr	Jun 2017Filed 21 Jul	Sep 2017Filed 21 Oct	Dec 2017Filed 22 Jan	Mar 2018Filed 2 May	Jun 2018Filed 21 Jul	Sep 2018Filed 25 Oct	Dec 2018Filed 21 Jan	Mar 2019Filed 3 May	Jun 2019Filed 23 Jul	Sep 2019Filed 23 Oct	Dec 2019Filed 18 Jan	Mar 2020Filed 15 May	Jun 2020Filed 24 Jul	Dec 2020Filed 11 Jan	Jun 2021Filed 24 Aug	Sep 2021Filed 27 Jun	Dec 2021Filed 27 Oct	Mar 2022Filed 27 Jun	Jun 2022Filed 25 Jul	Sep 2022Filed 24 Oct	Dec 2022Filed 6 Feb	Mar 2023Filed 24 Apr	Jun 2023Filed 20 Jul	Sep 2023Filed 16 Oct	Dec 2023Filed 21 Jan	Mar 2024Filed 9 May	Jun 2024Filed 2 Sep	Sep 2024Filed 8 Oct	Dec 2024Filed 10 Jan	Mar 2025Filed 21 Jul	Jun 2025Filed 31 Jul	Sep 2025Filed 20 Oct	Dec 2025Filed 6 Feb	Mar 2026Filed 17 Apr	Jun 2026Filed 20 Jul	Sep 2026Filed 13 Oct
	93.61%	93.61%	93.61%	93.61%	93.61%	93.61%	93.61%	93.50%	93.50%	93.50%	93.50%	93.50%	93.50%	93.50%	93.50%	93.50%	93.51%	93.51%	93.51%	93.51%	93.51%	93.51%	93.51%	93.51%	93.51%	93.51%	93.51%	93.51%	75.00%	75.00%	75.00%	75.00%	75.00%	58.71%	58.71%	58.71%	58.71%	58.71%
Indian promoters	87.29%	93.61%	93.61%	93.61%	93.61%	93.61%	93.61%	93.50%	93.50%	93.50%	93.50%	93.50%	93.50%	93.50%	93.50%	93.50%	93.51%	93.51%	93.51%	93.51%	93.51%	93.51%	93.51%	93.51%	93.51%	93.51%	93.51%	93.51%	75.00%	75.00%	75.00%	75.00%	75.00%	58.71%	58.71%	58.71%	58.71%	58.71%
Foreign promoters	6.32%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
	6.39%	6.39%	6.39%	6.39%	6.39%	6.39%	6.39%	6.50%	6.50%	6.50%	6.50%	6.50%	6.50%	6.50%	6.50%	6.50%	6.49%	6.49%	6.49%	6.49%	6.49%	6.49%	6.49%	6.49%	6.49%	6.49%	6.49%	6.49%	25.00%	25.00%	25.00%	25.00%	25.00%	41.29%	41.29%	41.29%	41.29%	41.29%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	–	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
Mutual funds	0.02%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	Under 0.01%	Under 0.01%	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.02%	0.02%	–	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%	0.02%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6.47%	6.47%	6.47%	–	6.47%	6.47%	6.47%	6.47%	6.47%	6.47%	6.47%	24.98%	24.98%	24.98%	24.98%	24.98%	41.27%	41.27%	41.27%	41.27%	41.27%
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	5.62%	5.71%	5.62%	–	5.62%	5.62%	5.61%	5.61%	5.61%	5.61%	5.59%	13.04%	13.21%	13.78%	13.42%	13.43%	17.23%	17.05%	16.43%	14.83%	14.87%
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3.41%	2.92%	2.92%	2.92%	2.92%	10.01%	9.59%	9.38%	9.58%	6.98%
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.16%	0.16%	0.17%	–	0.17%	0.17%	0.16%	0.16%	0.16%	0.16%	0.18%	4.01%	4.39%	4.54%	4.57%	4.54%	9.60%	11.31%	11.82%	11.89%	16.12%
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02%	0.01%	0.01%	–	0.01%	0.01%	0.02%	0.02%	0.02%	0.02%	0.03%	0.03%	0.03%	0.03%	0.03%	0.03%	0.04%	0.03%	0.03%	0.17%	0.08%
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.67%	0.60%	0.66%	–	0.66%	0.66%	0.67%	0.67%	0.67%	0.67%	0.67%	4.48%	4.43%	3.70%	4.04%	4.06%	4.40%	3.29%	3.61%	4.81%	3.22%
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.04%	–	0.03%	–	0.03%	0.03%	–	0.04%	–	0.04%	0.04%	0.16%	0.16%	0.16%	2.92%	2.92%	2.74%	1.61%	1.84%	2.66%	1.18%
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.58%	0.58%	0.58%	–	0.58%	0.58%	–	0.58%	–	0.58%	0.58%	0.58%	0.56%	–	–	–	–	–	–	–	–
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.04%	0.02%	0.05%	–	0.05%	0.05%	–	0.05%	–	0.05%	0.04%	–	3.70%	3.54%	1.12%	1.14%	1.66%	1.68%	1.77%	2.05%	1.88%
Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	–	–	–	–	–	–	–	–	–	–	–
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%	Under 0.01%
Firm	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.10%	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.17%
Promoter shares pledgedShare of the promoters' own shares	98.80%	33.57%	33.57%	33.57%	33.57%	33.57%	33.57%	33.61%	33.61%	33.61%	33.61%	33.61%	33.61%	33.61%	33.61%	33.61%	33.60%	0.00%	0.34%	0.00%	33.60%	33.60%	33.60%	0.00%	0.34%	0.34%	0.00%	33.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Shares in issue	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470	4,29,63,470
Shares locked in	–	2,67,16,214	2,67,16,214	2,67,16,214	4,02,16,214	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Promoters' shares locked in	–	2,67,16,214	2,67,16,214	2,67,16,214	4,02,16,214	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–

Filings before Sep 2021 are on an older form, which did not split institutions into foreign and Indian and grouped some holders differently, so those columns show only the lines both forms state alike. Pledged is the share of the promoters' own shares given to lenders as security. A dash is a line the filing did not state. “Under 0.01%” is a holding of shares too small to show at two decimals.

Number of TPI India shareholders

Shareholders on the company's register in each filing.

Shareholders, filing by filing

Shareholders	Dec 2016Filed 21 Jan	Mar 2017Filed 21 Apr	Jun 2017Filed 21 Jul	Sep 2017Filed 21 Oct	Dec 2017Filed 22 Jan	Mar 2018Filed 2 May	Jun 2018Filed 21 Jul	Sep 2018Filed 25 Oct	Dec 2018Filed 21 Jan	Mar 2019Filed 3 May	Jun 2019Filed 23 Jul	Sep 2019Filed 23 Oct	Dec 2019Filed 18 Jan	Mar 2020Filed 15 May	Jun 2020Filed 24 Jul	Dec 2020Filed 11 Jan	Jun 2021Filed 24 Aug	Sep 2021Filed 27 Jun	Dec 2021Filed 27 Oct	Mar 2022Filed 27 Jun	Jun 2022Filed 25 Jul	Sep 2022Filed 24 Oct	Dec 2022Filed 6 Feb	Mar 2023Filed 24 Apr	Jun 2023Filed 20 Jul	Sep 2023Filed 16 Oct	Dec 2023Filed 21 Jan	Mar 2024Filed 9 May	Jun 2024Filed 2 Sep	Sep 2024Filed 8 Oct	Dec 2024Filed 10 Jan	Mar 2025Filed 21 Jul	Jun 2025Filed 31 Jul	Sep 2025Filed 20 Oct	Dec 2025Filed 6 Feb	Mar 2026Filed 17 Apr	Jun 2026Filed 20 Jul	Sep 2026Filed 13 Oct
All shareholders	6,888	6,883	6,886	6,884	6,862	6,859	6,856	6,853	6,852	6,847	6,847	6,844	6,845	6,845	6,846	6,840	6,835	6,836	6,302	6,841	6,831	6,831	6,828	6,828	6,826	6,829	6,829	6,782	7,424	7,651	7,834	7,819	7,841	8,776	8,702	8,528	8,577	8,471
	13	15	15	15	15	15	15	14	14	14	14	14	14	14	14	14	14	18	18	18	14	14	14	14	14	18	18	18	14	14	13	13	13	11	11	11	11	10
Indian promoters	10	15	15	15	15	15	15	14	14	14	14	14	14	14	14	14	14	18	18	18	14	14	14	14	14	18	18	18	14	14	13	13	13	11	11	11	11	10
Foreign promoters	3	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
	6,875	6,868	6,871	6,869	6,847	6,844	6,841	6,839	6,838	6,833	6,833	6,830	6,831	6,831	6,832	6,826	6,821	6,818	6,284	6,823	6,817	6,817	6,814	6,814	6,812	6,811	6,811	6,764	7,410	7,637	7,821	7,806	7,828	8,765	8,691	8,517	8,566	8,461
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	3	2	4	–	4	4	4	3	3	3	3	3	3	3	3	3	3	3	3	3	3
Mutual funds	9	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Banks	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Non-bank lenders registered with RBI	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	1	1	1	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Other financial institutions	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	–	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6,815	6,282	6,819	–	6,813	6,810	6,810	6,809	6,808	6,808	6,761	7,407	7,634	7,818	7,803	7,825	8,762	8,688	8,514	8,563	8,458
Resident individuals, up to ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	6,689	6,199	6,700	–	6,692	6,689	6,683	6,681	6,679	6,679	6,632	7,249	7,480	7,663	7,649	7,673	8,593	8,516	8,345	8,384	8,292
Resident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	2	2	2	2	2	11	10	8	10	6
Companies	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	71	59	71	–	71	71	70	71	71	71	71	73	74	74	75	74	75	78	77	77	77
Non-resident Indians	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	13	7	8	–	10	10	15	15	15	15	16	17	17	19	19	20	24	23	23	26	25
	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	42	17	40	–	40	40	42	42	43	43	42	66	61	60	58	56	59	61	61	66	58
Clearing Members	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	7	–	3	–	3	3	–	6	–	6	6	8	8	7	7	7	7	8	7	8	8
Trusts	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	–	1	1	–	1	–	1	1	1	1	–	–	–	–	–	–	–	–
Hindu undivided families	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	34	16	36	–	36	36	–	35	–	35	34	–	51	52	50	48	51	52	53	56	48
Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–	–	–	–	–	–	–	–	–	–	–
Unclaimed or Suspense or Escrow Account	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	1	1	1	1	1	1	1	1	1	1
Firm	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1	–
LLP	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1

TPI India promoters

Promoters are the founders, families and companies that control the company, as its filings name them. Every member of the promoter group holding shares in the filing for Sep 2026; the largest is BHARAT CHIMANLAL PAREKH, 54.01%. The filing names 5 more members with no shares.Promoter buying and selling

Holder
BHARAT CHIMANLAL PAREKHIndividuals and Hindu undivided families	54.01%	2,32,03,515	2,32,03,515
LATE HASMUKH C PAREKHIndividuals and Hindu undivided families	2.84%	12,20,848	0
TRILLION INVESTMENT AND TRADING CO PVT LTDIndian companies, trusts and others	0.87%	3,71,749	3,71,749
LATE LALITA C PAREKHIndividuals and Hindu undivided families	0.38%	1,64,800	0
ASHA PAREKHIndividuals and Hindu undivided families	0.18%	76,090	76,090
SANJAY H PAREKHIndividuals and Hindu undivided families	0.16%	70,240	0
HASMUKH C PAREKH (HUF)Individuals and Hindu undivided families	0.12%	50,560	0
AVINASH B PAREKHIndividuals and Hindu undivided families	0.09%	37,600	37,600
BHARAT C PAREKH HUFIndividuals and Hindu undivided families	0.04%	15,200	15,200
CHIMANLAL K PAREKH HUFIndividuals and Hindu undivided families	0.03%	12,000	0

No promoter shares are reported as pledged. In demat is the part of the holding kept electronically; the rest is paper certificates.

Largest public holders of TPI India, filing by filing

Per cent, on the same shares as the split above.

Holder	Jun 2024Filed 2 Sep	Sep 2024Filed 8 Oct	Dec 2024Filed 10 Jan	Mar 2025Filed 21 Jul	Jun 2025Filed 31 Jul	Sep 2025Filed 20 Oct	Dec 2025Filed 6 Feb	Mar 2026Filed 17 Apr	Jun 2026Filed 20 Jul	Sep 2026Filed 13 Oct
L7 HITECH PRIVATE LIMITEDCompanies	–	–	–	–	–	4.20%	4.22%	4.73%	3.82%	5.48%
SUNRISE GILTS & SECURITIES PRIVATE LIMITEDCompanies	3.55%	3.30%	3.30%	3.30%	3.30%	3.30%	3.30%	3.07%	3.07%	3.07%
DEVANG JANIResident individuals, over ₹2 lakh at face value	–	–	–	–	–	1.72%	1.75%	1.75%	1.75%	1.87%
VOLGA COMMERCE PRIVATE LIMITEDCompanies	–	–	–	–	–	–	1.56%	1.56%	1.56%	1.56%
AARTIE SUNIL ANANDPARAResident individuals, over ₹2 lakh at face value	2.13%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%	1.38%
SANGHAVI COMMODITY PRIVATE LIMITEDCompanies	–	–	–	–	–	–	–	–	1.09%	1.30%
PARMANAND KEJRIWAL & SONS PRIVATE LIMITEDCompanies	–	–	–	–	–	–	–	–	–	1.16%
KETAN RAJENDRABHAI ACHARYAResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	1.16%
RAVINDRA NARAYAN RAUTResident individuals, over ₹2 lakh at face value	–	–	–	–	–	–	–	–	–	1.04%
HJS SECURITIES PRIVATE LIMITEDCompanies	–	–	–	–	–	–	–	–	–	1.01%
SHRENI SHARES LIMITEDOther non-institutions	–	–	–	2.76%	2.76%	2.58%	1.21%	1.45%	1.48%	–
KETAN RAJENDRA ACHARYAResident individuals, over ₹2 lakh at face value	–	–	–	–	–	1.16%	1.16%	1.16%	1.16%	–
KARNIKA MUKESH GADHIYAResident individuals, over ₹2 lakh at face value	1.28%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	1.54%	–	–
BIREN PRAVIN GANDHIOther non-institutions	2.79%	2.79%	2.59%	–	–	–	–	–	–	–

A filing names every holder above one per cent, in the company's own words: an insurer's holding can carry one of its funds' names. A dash is a filing that did not name the holder, which includes holding under one per cent.