Adwaith Textiles Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 9.22 M
- Company Age 69 Year, 6 Days
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 107.63 Cr
- Satisfied Charges ₹ 38.86 Cr
- Revenue Growth 8.47%
- Profit Growth -140.44%
- Ebitda -81.63%
- Net Worth -21.43%
- Total Assets 23.67%
About Adwaith Textiles
Adwaith Textiles Private Limited (ATPL) was founded in India on 25 January 1956 and has a glorious history of 69 years . Its registered office is in Coimbatore, Tamil Nadu, India.
The Corporate was formerly known as Adwaith Textiles Limited. 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 1.00 Cr and a paid-up capital of Rs 9.22 M.
The company currently has active open charges totaling ₹107.63 Cr. The company has closed loans amounting to ₹38.86 Cr, as per Ministry of Corporate Affairs (MCA) records.
Tara Venu, Ramakrishnan Nagaraj, Uttara Ravi, and One other member serve as directors at the Company.
Company Details
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Location
Coimbatore, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U17111TZ1956PTC000203
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Company No.
000203
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
25 Jan 1956
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Date of AGM
10 Aug 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Coimbatore
Industry
Who are the key members and board of directors at Adwaith Textiles?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ravi Sam
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Managing Director | 12-Jun-1974 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Tara Venu
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Director | 07-Nov-2022 | Current |
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Ramakrishnan Nagaraj
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Director | 10-Feb-2014 | Current |
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Uttara Ravi
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Director | 18-Nov-1998 | Current |
Financial Performance of Adwaith Textiles.
Adwaith Textiles Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 8.47% increase. The company also saw a substantial fall in profitability, with a 140.44% decrease in profit. The company's net worth observed a substantial decline by a decrease of 21.43%.
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What is the Ownership and Shareholding Structure of Adwaith Textiles?
In 2023, Adwaith Textiles had a promoter holding of 100.01%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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The Cotton Textiles Export Promotion CouncilRavi Sam is a mutual person
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Starline Travels Private LimitedUttara Ravi is a mutual person
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Lakshmi Cargo Company LimitedUttara Ravi is a mutual person
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Lakshmi Energy And Environment Designs Private LimitedUttara Ravi is a mutual person
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Adwaith Lakshmi Industries Private LimitedTara Venu, Ramakrishnan Nagaraj and 2 more are mutual person
Charges (Loans)
₹107.63 Cr
₹38.86 Cr
Charges Breakdown by Lending Institutions
- Indian Bank : 107.63 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Mar 2024 | Indian Bank | ₹10.00 Cr | Open |
| 29 Jan 2024 | Indian Bank | ₹8.50 Cr | Open |
| 30 Jul 2011 | Indian Bank | ₹2.00 M | Open |
| 16 Dec 2004 | Indian Bank | ₹88.93 Cr | Open |
| 18 Oct 2023 | Indian Bank | ₹8.50 Cr | Satisfied |
How Many Employees Work at Adwaith Textiles?
Adwaith Textiles has a workforce of 507 employees as of Apr 08, 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Adwaith Textiles, 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 Adwaith Textiles's trajectory.
Rating
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
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.
