Achal Spinning Private Limited

Manufactures cotton yarn for Arvind Limited and generates income from sale of yarn and fabric.

2013 | Ahmedabad, Gujarat (India) | Active
Last Updated:

Achal Spinning Profile

Key Indicators

  • Authorised Capital ₹ 50.00 Cr
  • Paid Up Capital ₹ 40.01 Cr
  • Company Age 12 Year, 9 Days
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 10.00 Cr
  • Satisfied Charges ₹ 135.00 Cr
  • Revenue Growth 18.48%
  • Profit Growth -45.65%
  • Ebitda -0.64%
  • Net Worth 5.48%
  • Total Assets -19.48%

About Achal Spinning

Achal Spinning Private Limited (ASPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 15 April 2013 and has a history of 12 years. Its registered office is in Ahmedabad, Gujarat, India.

The Company is engaged in the Manufacturing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 50.00 Cr and a paid-up capital of Rs 40.01 Cr.

The company currently has active open charges totaling ₹10.00 Cr. The company has closed loans amounting to ₹135.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Achal Spinning Private Limited India is Vasavada Nirmalchandra as COMPANY SECRETARY. Shreyas Sheth, Kamlesh Patel, and Prabhudas Patel serve as directors at the Company.

Company Details

  • Location

    Ahmedabad, Gujarat, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17122GJ2013PTC074502

  • Company No.

    074502

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    15 Apr 2013

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Ahmedabad

Industry

Manufacturing
Company report

Achal Spinning Private Limited

Explore comprehensive data for Achal Spinning Private Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Achal Spinning?

Executive Team (1)

NameDesignationAppointment DateStatus
Vasavada Nirmalchandra Company Secretary15-Mar-2019Current

Board Members (3)

NameDesignationAppointment DateStatus
Kamlesh Patel Country flag representing In Director 25-May-2024Current
Shreyas Sheth Country flag representing In Director 23-May-2024Current
Prabhudas Patel Country flag representing In Director 15-May-2024Current

Financial Performance of Achal Spinning.

Achal Spinning Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 18.48% increase. The company also saw a substantial fall in profitability, with a 45.65% decrease in profit. The company's net worth moved up by a moderate rise of 5.48%.

Achal Spinning revenue growth over time
Achal Spinning profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
18.48%
Revenue from Operations
18.28%
Total Assets
-19.48%
Profit or Loss
-45.65%
Net Worth
5.48%
EBITDA
-0.64%

What is the Ownership and Shareholding Structure of Achal Spinning?

In 2023, Achal Spinning had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹10.00 Cr

Satisfied Charges

₹135.00 Cr

Charges Breakdown by Lending Institutions

  • Others : 10.00 Cr

Latest Charge Details

DateLenderAmountStatus
30 May 2024Others₹10.00 CrOpen
26 May 2021Others₹14.00 CrSatisfied
21 Sep 2013Export-Import Bank Of India₹121.00 CrSatisfied

How Many Employees Work at Achal Spinning?

Achal Spinning has a workforce of 380 employees as of Apr 02, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Achal Spinning Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Achal Spinning, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Achal Spinning's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Achal Spinning

Recent activity within the organization

  • Charges

    A charge registered on 26 May 2021 via Charge ID 100448137 with Others was fully satisfied on 24 Jun 2024.

  • Charges

    A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100938382 was registered on 30 May 2024.

  • Director Appointment

    Kamlesh Anilbhai Patel was appointed as a Director was appointed as a Director on 25 May 2024 & has been associated with this company since 11 months .

  • Director Appointment

    Shreyas Chinubhai Sheth was appointed as a Director was appointed as a Director on 23 May 2024 & has been associated with this company since 11 months 2 days .

  • Director Appointment

    Prabhudas Virabhai Patel was appointed as a Director was appointed as a Director on 15 May 2024 & has been associated with this company since 11 months 10 days .

  • Charges

    A charge registered on 21 Sep 2013 via Charge ID 10451045 with Export-Import Bank Of India was fully satisfied on 19 Jan 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Achal Spinning Private Limited?

    Achal Spinning Private Limited was incorporated on 15 Apr 2013.

  • What is authorized share capital and paid-up capital of Achal Spinning Private Limited?

    The authorized share capital of Achal Spinning Private Limited is ₹ 50.00 Cr and paid-up capital is ₹ 40.01 Cr.

  • Who are the current board members & directors of Achal Spinning Private Limited?

    Currently 4 directors are associated with Achal Spinning Private Limited.

    • Shreyas Chinubhai Sheth
    • Kamlesh Anilbhai Patel
    • Prabhudas Virabhai Patel
    • Vasavada Prachi Nirmalchandra

  • What is the registered address of Achal Spinning Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Achal Spinning Private Limited is 105 South Tower, 1St Floor One42 Opp. Jayantilal Park Ambli Bopal India, Daskroi, Gujarat, 380058.

  • What is the corporate identification number (CIN) and company number of Achal Spinning Private Limited?

    The corporate identification number (CIN) of Achal Spinning Private Limited is U17122GJ2013PTC074502 and the company number is 074502 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Achal Spinning Private Limited?

    The Official website of Achal Spinning Private Limited is https://www.arvind.com

  • What has been the recent revenue trend for Achal Spinning Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Achal Spinning Private Limited has risen by 18.48%.

  • How many employees does Achal Spinning Private Limited currently have?

    As Per 2023 financial reports, 380 employees are currently employed by Achal Spinning Private Limited.

  • What change has been observed in the net worth of Achal Spinning Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Achal Spinning Private Limited has experienced an upsurge of 5.48%.

  • What are the total open charges for Achal Spinning Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Achal Spinning Private Limited amount to ₹ 10.00 Cr.

  • When was the last Balance Sheet of Achal Spinning Private Limited filed with the ROC?

    The most recent Balance Sheet for Achal Spinning Private Limited was filed with the ROC on 31 Mar 2023.

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