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Search›Companies›AS Tolaram Investments
10014351ActivePublic limited companyEE100262858 · VAT-registered

AS Tolaram Investments

Harju maakond, Tallinn, Põhja-Tallinna linnaosa, Kopli tn 35·EMTAK 68201 — Rental and operating of own or leased real estate·30+ years
Andmed · ···
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Overview

e-Business Register · 4 h ago
Registry code
e-Business Register
Legal form
Public limited company
Registered
29.02.1996e-Business Register
Address
Kopli tn 35, Põhja-Tallinna linnaosa, Tallinn, 10412 Harju maakondADS · e-Business Register
E-mail address
tarvo@tolaram.eee-Business Register
Telephone
+372 6129202· Telia Eesti ASe-Business Register · TTJA NBA
Principal activity
EMTAK 68201 - Rental and operating of own or leased real estatee-Business Register · ETCB
VAT number
ETCB · VAT-registered
Share capital
199 455,00 €e-Business Register
nimistu
Estonia's public business register
HomeViewsIndustriesBlogSourcesAbout

Public registry of Estonian companies — every fact traceable to a source and a date. Free and ad-free for everyone.

Nimistu MTÜ
Address: Parda tn 8, 10151 Tallinn, Estonia
E-mail: info@nimistu.ee

Browse

  • Home
  • Views
  • Industries
  • Recent registrations

Data

  • 72 sources
  • Database
  • Extensions
  • MCP

Organisation

  • About
  • FAQ
  • For journalists
  • Donation terms
  • Refunds
  • Terms
  • Privacy
  • Contact
© 2026 Nimistu MTÜ. License CC-BY-SA 4.0 · details
Data · 13 sourcese-Business Register · 5 min agoMTARTKWeb tech scanEesti InternetTööinspektsioon
e-Business Register ↗

Registered 29. veebruar 1996, primary activity: Rental and operating of own or leased real estate. Main place of business in Põhja-Tallinna linnaosa, Tallinn, Harju maakond.

Revenue 2026 (I kv)
114 851 €
▲ 34% vs 2025 I kv
As of 10.04.2026 (MTA)
Employees
7
2026 (MTA)
Taxes paid
55 198 €
State + labour taxes · 2026 (I kv)
Tax debt
0 €
As of 28.06.2026 (MTA)
Revenue 2026 (I kv)
115k €
▲ 34% vs 2025 I kv
As of 10.04.2026 (MTA)
Employees
7
2026 (MTA)
Taxes paid
55k €
State + labour taxes · 2026 (I kv)
Tax debt
€0
As of 28.06.2026 (MTA)

Officers (5)

e-Business Register · 4 h ago
TT
Tarvo Teder
· board member since 27.11.2009
Board member
VP
Viktoria Petrosjan
· board member since 16.01.2018
Board member
UR
Urmas Reimand
Born 1957 · 68 y · supervisory board member since 10.12.2024
Supervisory board member
KA
Kunal AdnaniSingapur · Singapore
Born 1984 · 41 y · supervisory board member since 10.12.2024
Supervisory board member
NK
Narinder Kumar Ghanshamdas Aswani
· supervisory board member since 20.02.2025
Supervisory board member

Shareholders

e-Business Register · 4 h ago
TC
TOLARAM CAPITAL PTE. LTD.Singapur · SingaporeFOREIGN
Foreign / not in register · shareholder since 02.05.2025
Shareholder 100% · 199k €

Beneficial owners (6)

e-Business Register · 4 h ago
MK
Mohan K VaswaniIndia
Born 1938 · 87 y · ultimate beneficial owner since 23.10.2018
Ultimate beneficial owner
NK
Narinder Kumar Ghanshamdas Aswani
· ultimate beneficial owner since 23.10.2018
Ultimate beneficial owner

Other persons (3)

e-Business Register · 4 h ago
RR
Rein Ruusalu
Born 1968 · 58 y · auditor since 06.04.2017
Auditor
NC
Nasdaq CSD SEFOREIGN
Foreign / not in register · registrar of the shares since 28.09.2017
Registrar of the shares
KO
Kontrollikoda OÜLEGAL PERSON
Legal person · 10178029 · auditor since 01.08.2025
Auditor

Subsidiaries

e-Business Register · shareholders · 4 h ago
AS Tolaram Investments10014351Shareholder 100%AS PHOENIX LAND10094195Hepsor Phoenix 2 OÜ14911780Hepsor Phoenix 3 OÜ14911478Hepsor Phoenix 4 OÜ16559206

Annual reports (6)

e-Business Register · annual reports · 1 päeva tagasi
Revenue 2024
387k €
↘ -29.3% vs 2023
State taxes 2025
98k €
↗ +12.3% vs 2024
Employees 2024
10
↘ -9.1% vs 2023
YearRevenueProfit

Taxes, revenue and employees

Estonian Tax and Customs Board · 10.04.2026 as of
200k €100k €0

Tech stack

Website analysis · 4 päeva tagasi
Domains (1)
tolaram.ee
SPF
NSZone.ee
REGZone Media OÜ
SRCEIS WHOIS
Detected technologies
Content management (CMS)WordPress
JavaScript libraryjQuery
UI frameworkBootstrap

Labour Inspectorate (1 act(s))

opendata.ti.ee

Enforcement cases· 1 case · 1 act

3-1/24/69027.03.2024
1 act
Ettekirjutus1 act · 27.03.2024
—
Show every act (1)+
202427.03.2024
Tööandja ei ole korraldanud kõigi töötajate tervisekontrolle töötervishoiuarsti määratud ajavahemiku järel ning töötajate eelmisest tervisekontrolli korraldamisest on möödunud rohkem kui kolm aastat.
3-1/24/690-1-1 · Ettekirjutus
Violation

State-sector payments (1 · 215,60 €)

RTK Makseandmik · 15.05.2026
Transactions
1
2025–2025 · 1 year
Total amount
215,60 €
avg 215,60 €
Buyers
1
State and municipal bodies
Latest
20.11.2025
215,60 € · Tallinna Strateegiakeskus
20251 transaction · 215,60 €
20.112025
Tallinna Strateegiakeskus75023817
MUUD TOETUSED ·

History

last 2 years · MTA + ÄR + MTR + Procurements
2025
01.08.2025OfficerSai rolli (audiitor)— Kontrollikoda OÜ
06.05.2025ReportEsitati 2024. aasta aruanne— Käive 387 000 €
02.05.2025OfficerSai rolli (aktsionär)— TOLARAM CAPITAL PTE. LTD. · 100 %
25.04.2025FilingMuutmiskanne2×expand ›hide ⌃

Connected companies

Same-person ties · e-Business Register

AS Tolaram Investments is connected to 145 other companies through 11 people who hold a role here and elsewhere. The strongest tie runs through Tarvo Teder (22 companies).

Total connections
145
via 11 people
Connecting people
11
Active here
Distinct roles
4
Board member · Ultimate beneficial owner
Strongest tie
Tarvo
22 companies
Via personTarvo Teder
HG
Harkishin Ghanshamadas AswaniIndoneesia · Indonesia
Born 1961 · 64 y · ultimate beneficial owner since 23.10.2018
Ultimate beneficial owner
RM
Rajeshlal Mohanlal VaswaniIndoneesia · Indonesia
Born 1971 · 55 y · ultimate beneficial owner since 04.02.2020
Ultimate beneficial owner
VT
Vishamkar Tikamdas AdnaniPakistan
Born 1942 · 84 y · ultimate beneficial owner since 08.05.2020
Ultimate beneficial owner
SG
Sajen Ghanshamdas AswaniIndoneesia · Indonesia
Born 1960 · 66 y · ultimate beneficial owner since 22.03.2021
Ultimate beneficial owner
Hepsor PHX5 OÜ17394859Manufaktuuri Jaotusvõrk OÜ14394675Rocca Investments AS10308934
  • AS PHOENIX LAND (10094195) Shareholder 100%
  • Rocca Investments AS (10308934) Founder
  • Hepsor Phoenix 2 OÜ (14911780) Shareholder 50% (via AS PHOENIX LAND)
  • Hepsor Phoenix 3 OÜ (14911478) Shareholder 50% (via AS PHOENIX LAND)
  • Hepsor Phoenix 4 OÜ (16559206) Founder, Shareholder 50% (via AS PHOENIX LAND)
  • Hepsor PHX5 OÜ (17394859) Founder, Shareholder 50% (via AS PHOENIX LAND)
  • Manufaktuuri Jaotusvõrk OÜ (14394675) Founder, Shareholder 100% (via AS PHOENIX LAND)
AS Tolaram Investments is a shareholder or officer in 7 more companies.
Equity
Assets
Employees
2024AUD387 000 €−99 000 €22,9m €23,4m €1006.05.2025
2023AUD547 000 €457 000 €23,0m €23,7m €1119.04.2024
2022AUD725 000 €298 000 €22,6m €23,3m €918.04.2023
2021AUD513 000 €341 000 €22,3m €23,0m €1004.04.2022
2020AUD376 000 €50 000 €21,9m €22,6m €1122.03.2021
2019AUD506 000 €73 000 €21,9m €23,6m €1108.05.2020
Original files in PDF – the full register on e-Business Register.View reports on e-Business Register
20222023202420252026
YearRevenue (a)State taxesTaxes on workforceEmployees (Q4)
2026I Q114 851 €30 853 €24 345 €7
2025340 341 €97 508 €76 447 €7
2024373 973 €86 807 €61 588 €8
2023513 655 €109 064 €53 042 €7
2022699 758 €87 347 €41 742 €5
Quarterly breakdown
YearQ1Q2Q3Q4
Revenue 2026115k €–––
State taxes 202631k €–––
Taxes on workforce 202624k €–––
Employees 20267–––
Revenue 202586k €76k €84k €95k €
State taxes 202524k €21k €25k €27k €
Taxes on workforce 202521k €18k €18k €18k €
Employees 20258777
Revenue 2024126k €84k €88k €77k €
State taxes 202430k €20k €15k €21k €
Taxes on workforce 202417k €14k €15k €15k €
Employees 20247888
Revenue 2023143k €110k €118k €142k €
State taxes 202327k €24k €27k €32k €
Taxes on workforce 202312k €13k €13k €15k €
Employees 20236667
Revenue 2022170k €159k €188k €182k €
State taxes 202226k €19k €21k €22k €
Taxes on workforce 202214k €9k €9k €9k €
Employees 20225555
Web server
Apache
Mobile carrier
+372 6129202Telia Eesti AS
—
No fine
Muu majandus (sh majanduse haldus)
216 €
  • Ä 10000790 / 23 · Olek: Jõustunud
  • Kanne nr 22 · kanne
20.02.2025OfficerAstus nõukogusse— Narinder Kumar Ghanshamdas Aswani
2024
10.12.2024OfficerAstus nõukogusse2×expand ›hide ⌃
  • Urmas Reimand
  • Kunal Adnani
22
Urmas Reimand12
Narinder Kumar Ghanshamdas Aswani8
Viktoria Petrosjan6
Rajeshlal Mohanlal Vaswani3
Mohan K Vaswani2
Vishamkar Tikamdas Adnani2
Harkishin Ghanshamadas Aswani1
Sajen Ghanshamdas Aswani1
Kunal Adnani1
Rein Ruusalu87
TT
Tarvo Teder
board member
22 other companies›
CompanyRoleReg. code
ARMOGER OÜ
Ultimate beneficial ownerBoard member
16264913
AS PHOENIX LAND
Board member
10094195
Barolis OÜ
Ultimate beneficial ownerShareholder 100%Board member
14556132
Dowers Holding OÜ
FounderUltimate beneficial ownerShareholder 100%Board member
16028392
Grayline OÜ
Shareholder 100%Board memberUltimate beneficial owner
14616590
Hepsor Phoenix 2 OÜ
Board memberUltimate beneficial owner
14911780
Hepsor Phoenix 3 OÜ
Board memberUltimate beneficial owner
14911478
Hepsor Phoenix 4 OÜ
Board memberUltimate beneficial owner
16559206
Hepsor PHX5 OÜ
Board memberUltimate beneficial owner
17394859
Hepsor VT49 OÜ
Board member
16841121
Hooneühistu Komeedi tn 6A
Board member
80096273
Järvepõllu 7 OÜ
Ultimate beneficial ownerBoard member
16758621
Järvepõllu 9 OÜ
Ultimate beneficial ownerBoard member
16758638
Järvesalu 5 OÜ
Ultimate beneficial ownerBoard member
16758615
Järvesalu OÜ
Ultimate beneficial ownerBoard member
14955777
Linegray OÜ
Ultimate beneficial ownerBoard member
16177634
… and 6 more · see on the person page ↗
UR
Urmas Reimand
supervisory board member
12 other companies›
CompanyRoleReg. code
"HORIZON" TSELLULOOSI JA PABERI AKTSIASELTS
Supervisory board member
10089165
aktsiaselts TIMMET
Shareholder 50%Ultimate beneficial ownerBoard member
NK
Narinder Kumar Ghanshamdas Aswani
ultimate beneficial owner, supervisory board member
8 other companies›
CompanyRoleReg. code
AS PHOENIX LAND
Ultimate beneficial ownerSupervisory board member
10094195
Doosti OÜ
Ultimate beneficial ownerShareholder 50%
VP
Viktoria Petrosjan
board member
6 other companies›
CompanyRoleReg. code
AS PHOENIX LAND
Board member
10094195
Hiiu Heals OÜ
Board member
14635156
Manufaktuuri Jaotusvõrk OÜ
RM
Rajeshlal Mohanlal Vaswani
ultimate beneficial owner
3 other companies›
CompanyRoleReg. code
"HORIZON" TSELLULOOSI JA PABERI AKTSIASELTS
Ultimate beneficial owner
10089165
AS PHOENIX LAND
Ultimate beneficial owner
10094195
MK
Mohan K Vaswani
ultimate beneficial owner
2 other companies›
CompanyRoleReg. code
AS PHOENIX LAND
Ultimate beneficial owner
10094195
Manufaktuuri Jaotusvõrk OÜ
Ultimate beneficial owner
14394675
VT
Vishamkar Tikamdas Adnani
ultimate beneficial owner
2 other companies›
CompanyRoleReg. code
AS PHOENIX LAND
Ultimate beneficial owner
10094195
Manufaktuuri Jaotusvõrk OÜ
Ultimate beneficial owner
14394675
HG
Harkishin Ghanshamadas Aswani
ultimate beneficial owner
1 other company›
CompanyRoleReg. code
Manufaktuuri Jaotusvõrk OÜ
Ultimate beneficial owner
14394675
SG
Sajen Ghanshamdas Aswani
ultimate beneficial owner
1 other company›
CompanyRoleReg. code
AS PHOENIX LAND
Ultimate beneficial owner
10094195
KA
Kunal Adnani
supervisory board member
1 other company›
CompanyRoleReg. code
AS PHOENIX LAND
Supervisory board member
10094195
RR
Rein Ruusalu
auditor
87 other companies›
CompanyRoleReg. code
Aktsiaselts Baltic Tours
Auditor
10069352
Aktsiaselts Estonian Holidays
Auditor
10180730
Aktsiaselts FAMAR-DESI GRUPP
10097650
AS PHOENIX LAND
Supervisory board member
10094195
Destiny Energy Estonia OÜ
Supervisory board member
17016666
Eskaader OÜ
FounderShareholder 25%Board memberUltimate beneficial owner
11644002
Founders Capital OÜ
Ultimate beneficial owner
12718211
Lind Keraamika OÜ
Shareholder 1%
14061293
Parietes OÜ
Shareholder 50%FounderUltimate beneficial ownerBoard member
17446355
PRAVI INVESTEERINGUD OÜ
Supervisory board member
10843917
Rocca Investments AS
Supervisory board member
10308934
Sihtasutus ISHK Tolaram Foundation Estonia
Board member
90014847
Timmet Metall OÜ
Ultimate beneficial ownerBoard member
11426162
14589516
Hiiu Heals OÜ
FounderShareholder 100%Ultimate beneficial owner
14635156
Manufaktuuri Jaotusvõrk OÜ
Ultimate beneficial owner
14394675
MTÜ Padma Devi Foundation
Ultimate beneficial ownerBoard member
80173453
PRAVI INVESTEERINGUD OÜ
Shareholder 100%FounderSupervisory board memberUltimate beneficial owner
10843917
Rasa Trading Company AS
Founder
10588230
Rocca Investments AS
Supervisory board memberUltimate beneficial owner
10308934
Board member
14394675
PRAVI INVESTEERINGUD OÜ
Board member
10843917
Red Head Capital OÜ
Founder
12737303
Rocca Investments AS
Board member
10308934
Manufaktuuri Jaotusvõrk OÜ
Ultimate beneficial owner
14394675
Auditor
10047867
aktsiaselts Harmalen
Auditor
10078304
Aktsiaselts KEK Trading International
Auditor
10672019
Aktsiaselts M&A
Auditor
10114822
Aktsiaselts METALLISTI MAJAD
Auditor
10650064
AKTSIASELTS MÕIGU EHITUSKOONDIS
Auditor
10162169
Aktsiaselts NARVA-JÕESUU SANATOORIUM
Auditor
10228767
aktsiaselts Nurmiko
Auditor
10074258
Aktsiaselts Pirita Laevad
Auditor
10169024
Aktsiaselts Profline
Auditor
10480935
Aktsiaselts SIO INVESTMENTS
Auditor
10763970
aktsiaselts VALLIKRAAVI KINNISVARA
Auditor
10051688
Aktsiaselts VESPALO
Auditor
10364105
Aktsiaselts Virumaa Metsatööstus
Auditor
10132791
… and 71 more · see on the person page ↗