Akshara Spinning Mills Private Limited

Produces cotton yarn and fabric as a part of Akshara Group, established in 2012 in Tamil Nadu.

2012 | Coimbatore, Tamil Nadu (India) | Active
Last Updated:

Akshara Spinning Mills Profile

Key Indicators

  • Authorised Capital ₹ 1.10 Cr
  • Paid Up Capital ₹ 1.05 Cr
  • Company Age 12 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 212.38 Cr
  • Satisfied Charges ₹ 21.38 Cr
  • Revenue Growth 10.64%
  • Profit Growth -177.07%
  • Ebitda -60.79%
  • Net Worth -10.88%
  • Total Assets 2.67%

About Akshara Spinning Mills

Akshara Spinning Mills Private Limited (ASMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 22 August 2012 and has a history of 12 years and seven months. Its registered office is in Coimbatore, Tamil Nadu, 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 1.10 Cr and a paid-up capital of Rs 1.05 Cr.

The company currently has active open charges totaling ₹212.38 Cr. The company has closed loans amounting to ₹21.38 Cr, as per Ministry of Corporate Affairs (MCA) records.

Krishnasamy Nimalan, Krishnasamy Niranjan, Ramesh Umamaheshwari, and One other member serve as directors at the Company.

Company Details

  • Location

    Coimbatore, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17100TZ2012PTC018662

  • Company No.

    018662

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    22 Aug 2012

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Manufacturing

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

Executive Team (1)

NameDesignationAppointment DateStatus
Ramesh Krishnasamy Country flag representing In Managing Director20-Mar-2014Current

Board Members (3)

NameDesignationAppointment DateStatus
Krishnasamy Nimalan Director 22-Feb-2023Current
Krishnasamy Niranjan Director 23-Jan-2023Current
Ramesh Umamaheshwari Country flag representing In Director 11-May-2016Current

Financial Performance of Akshara Spinning Mills.

Akshara Spinning Mills Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 10.64% increase. The company also saw a substantial fall in profitability, with a 177.07% decrease in profit. The company's net worth observed a substantial decline by a decrease of 10.88%.

Akshara Spinning Mills revenue growth over time
Akshara Spinning Mills 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
10.64%
Revenue from Operations
10.52%
Total Assets
2.67%
Profit or Loss
-177.07%
Net Worth
-10.88%
EBITDA
-60.79%

What is the Ownership and Shareholding Structure of Akshara Spinning Mills?

In 2023, Akshara Spinning Mills had a promoter holding of 100.00%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹212.38 Cr

Satisfied Charges

₹21.38 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 142.25 Cr
  • Hdfc Bank Limited : 53.63 Cr
  • Others : 16.50 Cr

Latest Charge Details

DateLenderAmountStatus
20 Jun 2022Others₹16.50 CrOpen
30 Dec 2021Hdfc Bank Limited₹0.91 MOpen
13 Dec 2021Hdfc Bank Limited₹3.50 CrOpen
01 Sep 2021Hdfc Bank Limited₹14.50 CrOpen
11 Mar 2021Hdfc Bank Limited₹35.00 CrOpen

How Many Employees Work at Akshara Spinning Mills?

Akshara Spinning Mills has a workforce of 418 employees as of Mar 21, 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 Akshara Spinning Mills Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Akshara Spinning Mills, 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 Akshara Spinning Mills'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 Akshara Spinning Mills

Recent activity within the organization

  • Annual General Meeting

    Akshara Spinning Mills Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Akshara Spinning Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.

  • Director Appointment

    Krishnasamy Sakkthi Nimalan was appointed as a Director was appointed as a Director on 22 Feb 2023 & has been associated with this company since 2 years 1 month .

  • Director Appointment

    Krishnasamy Ramesh Visnu Niranjan was appointed as a Director was appointed as a Director on 23 Jan 2023 & has been associated with this company since 2 years 2 months .

  • Charges

    A charge with State Bank Of India of Rs. 128.75 Cr registered on 14 Feb 2017 with Charge ID 100083427 was modified on 12 Dec 2022.

  • Charges

    A charge with Others amounted to Rs. 16.50 Cr with Charge ID 100592017 was registered on 20 Jun 2022.

Frequently asked questions

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

    Akshara Spinning Mills Private Limited was incorporated on 22 Aug 2012.

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

    The authorized share capital of Akshara Spinning Mills Private Limited is ₹ 1.10 Cr and paid-up capital is ₹ 1.05 Cr.

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

    Currently 4 directors are associated with Akshara Spinning Mills Private Limited.

    • Krishnasamy Sakkthi Nimalan
    • Krishnasamy Ramesh Visnu Niranjan
    • Ramesh Krishnan Umamaheshwari
    • Ramesh Krishnan Krishnasamy

  • What is the registered address of Akshara Spinning Mills Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Akshara Spinning Mills Private Limited is 5/44 Jayalakshmi Ginning Factory Compound Alangadu Mangalam Road, India, Tiruppur, Tamil Nadu, 641604.

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

    The corporate identification number (CIN) of Akshara Spinning Mills Private Limited is U17100TZ2012PTC018662 and the company number is 018662 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Akshara Spinning Mills Private Limited?

    The Official website of Akshara Spinning Mills Private Limited is https://www.akshera.com

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

    According to the financial reports for the fiscal year 2023, the revenue trend for Akshara Spinning Mills Private Limited has risen by 10.64%.

  • How many employees does Akshara Spinning Mills Private Limited currently have?

    As Per 2023 financial reports, 418 employees are currently employed by Akshara Spinning Mills Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Akshara Spinning Mills Private Limited has experienced an downturn of -10.88%.

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

    As per the financial statements for fiscal Year 2023, The total open charges for Akshara Spinning Mills Private Limited amount to ₹ 212.38 Cr.

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

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

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