AS Tolaram Investments
Active Registry code 10014351
AS Tallinn Registered 29 Feb 1996
AS Tolaram Investments is a AS based in Tallinn, registry code 10014351, status: active. Main activity: Rental and operating of own or leased real estate. According to EMTA, turnover for Q3 2026 was €67 729 with 7 employees.
Turnover
67 729 €
↓ 60.9% vs Q2 2026
State taxes
21 798 €
↓ 48.3% vs Q2 2026
Labour taxes
18 721 €
↓ 0.1% vs Q2 2026
Employees
7
±0 vs Q2 2026
Q3 2026 · data from the Tax and Customs Board (EMTA)
Position in the industry
- Turnover · Q3 2026 67 729 €above 77% of companiesindustry median 15 030 € · companies in the industry: 7 443
- Labour taxes per employee 2 674 €above 90% of companiesindustry median 857 € · companies in the industry: 7 261
- Revenue · 2025 380 000 €above 98% of companiesindustry median 13 620 € · companies in the industry: 30 471
- Net profit margin · 2025 18.2 %above 62% of companiesindustry median 5.9 % · companies in the industry: 25 043
Taxes and turnover
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Quarter | Turnover, € | State taxes, € | Labour taxes, € | Employees |
|---|---|---|---|---|
| Q3 2026 | 67 729 | 21 798 | 18 721 | 7 |
| Q2 2026 | 173 078 | 42 199 | 18 742 | 7 |
| Q1 2026 | 114 851 | 30 853 | 24 345 | 7 |
| Q4 2025 | 94 733 | 27 639 | 18 474 | 7 |
| Q3 2025 | 84 173 | 24 751 | 18 456 | 7 |
| Q2 2025 | 75 787 | 21 723 | 18 476 | 7 |
| Q1 2025 | 85 648 | 23 899 | 21 041 | 8 |
| Q4 2024 | 76 639 | 21 022 | 14 904 | 8 |
| Q3 2024 | 87 507 | 15 476 | 14 978 | 8 |
| Q2 2024 | 83 568 | 19 815 | 14 298 | 8 |
| Q1 2024 | 126 259 | 30 494 | 17 408 | 7 |
| Q4 2023 | 142 411 | 31 603 | 15 061 | 7 |
| Q3 2023 | 118 178 | 26 990 | 13 006 | 6 |
| Q2 2023 | 110 113 | 23 664 | 12 967 | 6 |
| Q1 2023 | 142 953 | 26 807 | 12 008 | 6 |
| Q4 2022 | 182 424 | 21 744 | 9 140 | 5 |
| Q3 2022 | 188 237 | 20 522 | 9 142 | 5 |
| Q2 2022 | 159 331 | 18 660 | 9 140 | 5 |
| Q1 2022 | 169 766 | 26 421 | 14 320 | 5 |
Labour taxes per employee per month
891 €
Turnover per employee in the quarter
9 676 €
Q3 2026 · calculated from EMTA data
Financials by year
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
- Company
- Industry median
Industry: Real estate activities (the EMTAK division of the main activity). Median: half of the industry is above, half below.
| Year | Revenue, € | Net profit, € | Labour costs, € | Assets, € | Equity, € | Employees |
|---|---|---|---|---|---|---|
| 2025 | 380 000 | 69 000 | 187 000 | 23 175 000 | 22 995 000 | 4 |
| 2024 | 387 000 | -99 000 | 148 000 | 23 350 000 | 22 926 000 | 8 |
| 2023 | 547 000 | 457 000 | 132 000 | 23 725 000 | 23 025 000 | 5 |
| 2022 | 725 000 | 298 000 | 91 000 | 23 259 000 | 22 568 000 | 4 |
| 2021 | 513 000 | 341 000 | 109 000 | 22 990 000 | 22 270 000 | 4 |
| 2020 | 376 000 | 50 000 | 95 000 | 22 619 000 | 21 929 000 | 4 |
| 2019 | 506 000 | 73 000 | 117 000 | 23 648 000 | 21 879 000 | 4 |
| 2018 | — | — | — | — | — | 4 |
| 2017 | — | — | — | — | — | 15 |
| 2016 | — | — | — | — | — | 4 |
| 2015 | — | — | — | — | — | 4 |
| 2014 | — | — | — | — | — | 4 |
| 2013 | — | — | — | — | — | 0 |
| 2012 | — | — | — | — | — | 0 |
| 2011 | — | — | — | — | — | 0 |
| 2010 | — | — | — | — | — | 0 |
| 2009 | — | — | — | — | — | 4 |
| 2008 | — | — | — | — | — | 4 |
| 2006 | — | — | — | — | — | 11 |
| 2005 | — | — | — | — | — | 10 |
| 2004 | — | — | — | — | — | 17 |
| 2002 | — | — | — | — | — | 21 |
| 2001 | — | — | — | — | — | 28 |
| 2000 | — | — | — | — | — | 28 |
| 1998 | — | — | — | — | — | 28 |
Figures from the company’s own (non-consolidated) balance sheet and income statement. A loss is shown with a minus sign.
Financial ratios for 2025
Net profit margin
18.2 %
Net profit / revenue
Return on equity (ROE)
0.3 %
Net profit / equity
Return on assets (ROA)
0.3 %
Net profit / assets
Equity ratio
99.2 %
Equity / assets
Debt ratio
0.8 %
Liabilities / assets
Current ratio
3.04
Current assets / current liabilities
Revenue per employee
95 000 €
Revenue / average full-time employees
Labour cost per employee per month
3 896 €
Labour costs / employees / 12 months (incl. employer taxes)
Annual reports
| Year | Period | Filed | Report | Documents |
|---|---|---|---|---|
| 2025 | 1 Jan 2025 – 31 Dec 2025 | 22 Jun 2026 | Consolidated · audited | e-Äriregister |
| 2024 | 1 Jan 2024 – 31 Dec 2024 | 6 May 2025 | Consolidated · audited | e-Äriregister |
| 2023 | 1 Jan 2023 – 31 Dec 2023 | 19 Apr 2024 | Consolidated · audited | e-Äriregister |
| 2022 | 1 Jan 2022 – 31 Dec 2022 | 18 Apr 2023 | Consolidated · audited | e-Äriregister |
| 2021 | 1 Jan 2021 – 31 Dec 2021 | 4 Apr 2022 | Consolidated · audited | e-Äriregister |
| 2020 | 1 Jan 2020 – 31 Dec 2020 | 22 Mar 2021 | Consolidated · audited | e-Äriregister |
| 2019 | 1 Jan 2019 – 31 Dec 2019 | 8 May 2020 | Consolidated · audited | e-Äriregister |
Board
- Nasdaq CSD SEKeeper of the share ledger · since 28 Sep 2017
- Tarvo TederBoard member · since 27 Nov 2009
- Viktoria OrlovaBoard member · since 16 Jan 2018
Right of representation
Any member of the management board may represent the public limited company in all transactions.
Owners
No owner information.
Beneficial owners
- Sajen Ghanshamdas AswaniIndirect ownership · SGP · since 22 Mar 2021
- Vishamkar Tikamdas AdnaniIndirect ownership · SGP · since 8 May 2020
- RAJESHLAL MOHANLAL VASWANIIndirect ownership · IDN · since 4 Feb 2020
- HARKISHIN GHANSHAMADAS ASWANIIndirect ownership · SGP · since 23 Oct 2018
- MOHAN K VASWANIIndirect ownership · SGP · since 23 Oct 2018
- NARINDER KUMAR G. ASWANIIndirect ownership · SGP · since 23 Oct 2018
Founders and other persons
- Rein RuusaluAudit firm · 6 Apr 2017
- Kontrollikoda OÜAudit firm · 1 Aug 2025
- Narinder Kumar G. AswaniChairman of the supervisory board · 20 Feb 2025
- Kunal AdnaniSupervisory board member · 10 Dec 2024
- Urmas ReimandSupervisory board member · 10 Dec 2024
- Omanikukonto: TOLARAM CAPITAL PTE. LTD.Shareholder · 199 455 € · 2 May 2025
Related companies
Activities (EMTAK)
- 68201Rental and operating of own or leased real estate Main
Rulings
All rulings (PDF)| Number, date | Title | Deadline | State | Document |
|---|---|---|---|---|
| Ä 10000790 / 23 25 Apr 2025 |
Amendment entry | In force 25 Apr 2025 |
||
| Ä 10000790 / M9 10 Dec 2018 |
Ruling to correct data outside an entry | 24 Dec 2018 | In force 10 Dec 2018 |
|
| Ä 10000790 / M8 15 Nov 2018 |
Procedural ruling | 5 Dec 2018 | Deficiencies eliminated 28 Nov 2018 |
|
| Ä 10000790 / 22 7 Mar 2018 |
Amendment entry | In force 7 Mar 2018 |
||
| Ä 10000790 / M7 13 Feb 2018 |
Ruling to eliminate deficiencies | 15 Mar 2018 | Deficiencies eliminated 7 Mar 2018 |
|
| Ä 10000790 / 21 6 Feb 2018 |
Entry refused: deficiencies not eliminated | In force 21 Feb 2018 |
||
| Ä 10000790 / M6 16 Jan 2018 |
Ruling to eliminate deficiencies | 5 Feb 2018 | In force 16 Jan 2018 |
|
| Ä 10000790 / 20 16 Jan 2018 |
Amendment entry | In force 16 Jan 2018 |
||
| Ä 10000790 / 19 16 Jan 2018 |
Amendment entry | In force 16 Jan 2018 |
||
| Ä 10000790 / 18 7 Nov 2017 |
Amendment entry | In force 7 Nov 2017 |
||
| Ä 10000790 / 17 28 Sep 2017 |
Amendment entry | In force 28 Sep 2017 |
||
| Ä 10000790 / 16 20 Mar 2017 |
Second (constitutive) merger entry | In force 20 Mar 2017 |
||
| Ä 10000790 / 15 14 Sep 2016 |
Amendment entry | In force 14 Sep 2016 |
||
| Ä 10000790 / 14 16 Nov 2015 |
Amendment entry | In force 16 Nov 2015 |
||
| Ä 10000790 / 13 16 Mar 2015 |
Second (constitutive) merger entry | In force 16 Mar 2015 |
||
| Ä 10000790 / 12 13 Jun 2011 |
Amendment entry | In force 13 Jun 2011 |
||
| Ä 10000790 / 11 9 May 2011 |
Amendment entry | In force 9 May 2011 |
||
| Ä 10000790 / 10 28 Sep 2010 |
Deletion of activities from the registry card | In force 28 Sep 2010 |
||
| Ä 790 / M5 26 Jan 2010 |
Warning of deletion from the register: annual report not filed | 18 Oct 2010 | Deficiencies eliminated 19 Apr 2010 |
|
| Ä 790 / 9 27 Nov 2009 |
Amendment entry | In force 27 Nov 2009 |
||
| Ä 790 / 8 13 Nov 2009 |
Amendment entry | In force 13 Nov 2009 |
||
| Ä 790 / M4 26 Oct 2009 |
Fine for not filing the report | 14 Nov 2009 | In force 30 Oct 2009 |
|
| Ä 790 / M3 16 Oct 2008 |
Fine for not filing the report | 4 Nov 2008 | In force 20 Oct 2008 |
|
| Ä 790 / 7 30 Apr 2008 |
Amendment entry | In force 30 Apr 2008 |
||
| Ä 790 / 6 19 Feb 2008 |
Amendment entry | In force 19 Feb 2008 |
||
| Ä 790 / 5 12 Jan 2007 |
Amendment entry | In force 12 Jan 2007 |
||
| Ä 790 / M2 6 Apr 2006 |
Warning of deletion from the register: annual report not filed | Deficiencies eliminated 1 Jun 2006 |
||
| Ä 790 / M1 2 Dec 2005 |
Fine for not filing the report | In force | ||
| Ä 790 / 4 27 Mar 2002 |
Entry decision on the register’s own initiative | In force |
Sources: e-Äriregister and EMTA. Data updated 2 Nov 2026. Open at the source ↗ · Report an error in the data