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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 · 13 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
  • Activity licences
  • Recent registrations

Data

  • 79 sources
  • Database
  • Extensions
  • MCP

Organisation

  • About
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  • For journalists
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  • Donation terms
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  • Terms
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© 2026 Nimistu MTÜ. License CC-BY-SA 4.0 · details
Data · 12 sourcese-Business Register · 4 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 II kv
173 078 €
▲ 128% vs 2025 II kv
As of 10.07.2026 (MTA)
Employees
7
2026 (MTA)
Taxes paid
60 713 €
State + labour taxes · 2026 II kv
Tax debt
0 €
As of 12.08.2026 (MTA)
Revenue 2026 (I-II kv)
288k €
▲ 78% vs 2025 I-II kv
As of 10.07.2026 (MTA)
Employees
7
2026 (MTA)
Taxes paid
116k €
State + labour taxes · 2026 (I-II kv)
Tax debt
€0
As of 12.08.2026 (MTA)

Officers (5)

e-Business Register · 13 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 · 13 h ago
TC
TOLARAM CAPITAL PTE. LTD.Singapur · SingaporeFOREIGN
Foreign / not in register · shareholder since 02.05.2025
Shareholder 100% · 199k €

Other persons (3)

e-Business Register · 13 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 · 13 h ago
AS Tolaram Investments10014351Shareholder 100%AS PHOENIX LAND10094195Hepsor Phoenix 2 OÜ14911780Hepsor Phoenix 3 OÜ14911478Hepsor Phoenix 4 OÜ16559206

Annual reports (7)

e-Business Register · annual reports · 7 päeva tagasi
Revenue 2025
380k €
↘ -1.8% vs 2024
State taxes 2025
98k €
↗ +12.3% vs 2024
Employees 2025
9
↘ -10.0% vs 2024
YearRevenueProfit

Taxes, revenue and employees

Estonian Tax and Customs Board · 10.07.2026 as of
200k €100k €0

Tech stack

Website analysis · 3 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
2026
22.06.2026ReportEsitati 2025. aasta aruanne— Käive 380 000 €
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 %

Connected companies

Same-person ties · e-Business Register

AS Tolaram Investments is connected to 134 other companies through 6 people who hold a role here and elsewhere. The strongest tie runs through Tarvo Teder (22 companies).

Total connections
134
via 6 people
Connecting people
6
Active here
Distinct roles
3
Board member · Supervisory board member
Strongest tie
Tarvo
22 companies
Via personTarvo Teder
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
2025AUD380 000 €69 000 €23,0m €23,2m €922.06.2026
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-II Q287 929 €72 824 €43 087 €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 €173k €––
State taxes 202631k €42k €––
Taxes on workforce 202624k €19k €––
Employees 202677––
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 €
25.04.2025
FilingMuutmiskanne2×expand ›hide ⌃
  • 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 Reimand11
Narinder Kumar Ghanshamdas Aswani7
Viktoria Petrosjan6
Kunal Adnani1
Rein Ruusalu87
TT
Tarvo Teder
board member
22 other companies›
CompanyRoleReg. code
ARMOGER OÜ
Board member
16264913
AS PHOENIX LAND
Board member
10094195
Barolis OÜ
Board memberShareholder 100%
14556132
Dowers Holding OÜ
Board memberShareholder 100%Founder
16028392
Grayline OÜ
Board memberShareholder 100%
14616590
Hepsor Phoenix 2 OÜ
Board member
14911780
Hepsor Phoenix 3 OÜ
Board member
14911478
Hepsor Phoenix 4 OÜ
Board member
16559206
Hepsor PHX5 OÜ
Board member
17394859
Hepsor VT49 OÜ
Board member
16841121
Hooneühistu Komeedi tn 6A
Board member
80096273
Järvepõllu 7 OÜ
Board member
16758621
Järvepõllu 9 OÜ
Board member
16758638
Järvesalu 5 OÜ
Board member
16758615
Järvesalu OÜ
Board member
14955777
Linegray OÜ
Board member
16177634
… and 6 more · see on the person page ↗
UR
Urmas Reimand
supervisory board member
11 other companies›
CompanyRoleReg. code
"HORIZON" TSELLULOOSI JA PABERI AKTSIASELTS
Supervisory board member
10089165
aktsiaselts TIMMET
Shareholder 50%Board member
10097650
NK
Narinder Kumar Ghanshamdas Aswani
supervisory board member
7 other companies›
CompanyRoleReg. code
AS PHOENIX LAND
Supervisory board member
10094195
Doosti OÜ
Shareholder 50%
14589516
Hiiu Heals OÜ
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
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
AS PHOENIX LAND
Supervisory board member
10094195
Destiny Energy Estonia OÜ
Supervisory board member
17016666
Eskaader OÜ
Board memberShareholder 25%Founder
11644002
Lind Keraamika OÜ
Shareholder 1%
14061293
Parietes OÜ
Board memberShareholder 50%Founder
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
Board member
11426162
Shareholder 100%Founder
14635156
MTÜ Padma Devi Foundation
Board member
80173453
PRAVI INVESTEERINGUD OÜ
Shareholder 100%FounderSupervisory board member
10843917
Rasa Trading Company AS
Founder
10588230
Rocca Investments AS
Supervisory board member
10308934
Board member
14394675
PRAVI INVESTEERINGUD OÜ
Board member
10843917
Red Head Capital OÜ
Founder
12737303
Rocca Investments AS
Board member
10308934
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 ↗

Analysis · 2025

computed from annual reports
Revenue380k €median 19k €19.7× the sector median
Net margin18.2%median 27.2%-9.1 pp vs sector median
Revenue per employee42k €median 44k €95% of the sector median
Revenue change-1.8%median 0.4%-2.2 pp vs sector median
Equity ratio99.2%
Current ratio2.13
Labour cost of revenue49.2%
Profit per employee7667 €
Compared with2024revenue 387k €

Peer group: Enda või renditud kinnisvara üürileandmine ja käitus, 11,856 trading companies that filed a report in the last three years.

Founded 1996. That year 542 aktsiaselts were registered; 519 are still trading, or 95.8%.