Gem Spinners India Limited

Manufactures and trades cotton yarns, fabrics, and garments.

1990 | Kanchipuram, Tamil Nadu (India) | Active
Last Updated:

Gem Spinners India Profile

Key Indicators

  • Authorised Capital ₹ 45.00 Cr
  • Paid Up Capital ₹ 30.69 Cr
  • Company Age 34 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 127.21 Cr
  • Revenue Growth %
  • Profit Growth -7.75%
  • Ebitda -14.87%
  • Net Worth -230.16%
  • Total Assets -3.98%

About Gem Spinners India

Gem Spinners India Limited (GSIL) is a Public Limited Indian Non-Government Company incorporated in India on 18 October 1990 and has a history of 34 years and seven months. Its registered office is in Kanchipuram, Tamil Nadu, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 521133.

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 45.00 Cr and a paid-up capital of Rs 30.69 Cr.

The company has closed loans amounting to ₹127.21 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Gem Spinners India Limited India are A Vani as COMPANY SECRETARY and Senthilvel Ganesan as Cfo. Rangaswami Veeramani, Srinivasan Gopal, Poorana Juliet, and One other member serve as directors at the Company.

Company Details

  • Location

    Kanchipuram, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L17111TN1990PLC019791

  • Company No.

    019791

  • Stock Symbol

    BSE : 521133

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    18 Oct 1990

  • Date of AGM

    21 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Chennai

Industry

Manufacturing
Company report

Gem Spinners India Limited

Explore comprehensive data for Gem Spinners India Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Gem Spinners India?

Executive Team (3)

NameDesignationAppointment DateStatus
Rangaswami Veeramani Country flag representing In Managing Director06-Dec-1993Current
A Vani Country flag representing In Company Secretary09-Feb-2012Current
Senthilvel Ganesan Country flag representing In CFO29-May-2015Current

Board Members (3)

NameDesignationAppointment DateStatus
Srinivasan Gopal Country flag representing In Director 18-Sep-2012Current
Poorana Juliet Country flag representing In Director 30-Mar-2015Current
Sakthivel Additional Director 24-Oct-2024Current

Financial Performance of Gem Spinners India.

Gem Spinners India Limited, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a slight decrease in profitability, with a 7.75% decrease in profit. The company's net worth observed a substantial decline by a decrease of 230.16%.

Gem Spinners India revenue growth over time
Gem Spinners India 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
Revenue from Operations
Total Assets
-3.98%
Profit or Loss
-7.75%
Net Worth
-230.16%
EBITDA
-14.87%

What is the Ownership and Shareholding Structure of Gem Spinners India?

In 2022, Gem Spinners India had a promoter holding of 72.86% and a public holding of 27.14%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹127.21 Cr

Charges Breakdown by Lending Institutions

  • Indian Overseas Bank : 85.51 Cr
  • State Bank Of India : 20.40 Cr
  • Industrial Develoment Bank Of India : 14.40 Cr
  • Sundaram Finance Limited : 2.97 Cr
  • Sundaram Finance Ltd : 2.38 Cr
  • Others : 1.55 Cr

Latest Charge Details

DateLenderAmountStatus
20 Jul 2011Indian Overseas Bank₹42.50 CrSatisfied
30 Dec 2010Sundaram Finance Limited₹0.69 MSatisfied
04 Nov 2010Indian Overseas Bank₹3.00 CrSatisfied
08 Apr 2010Sundaram Finance Limited₹2.42 CrSatisfied
16 Sep 2008Sundaram Finance Limited₹4.36 MSatisfied

How Many Employees Work at Gem Spinners India?

Gem Spinners India has a workforce of 3 employees as of Apr 06, 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 Gem Spinners India Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Gem Spinners India, 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 Gem Spinners India'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 Gem Spinners India

Recent activity within the organization

  • Director Appointment

    Sakthivel was appointed as a Additional Director was appointed as a Additional Director on 24 Oct 2024 & has been associated with this company since 6 months 29 days .

  • Annual General Meeting

    Gem Spinners India Limited last Annual general meeting of members was held on 21 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Gem Spinners India Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

  • Charges

    A charge registered on 30 Dec 2010 via Charge ID 10264856 with Sundaram Finance Limited was fully satisfied on 14 Jan 2016.

  • Charges

    A charge registered on 08 Apr 2010 via Charge ID 10219884 with Sundaram Finance Limited was fully satisfied on 14 Jan 2016.

  • Director Appointment

    Poorana Juliet was appointed as a Director was appointed as a Director on 30 Mar 2015 & has been associated with this company since 10 years 1 month .

Frequently asked questions

  • What is the Incorporation or founding date of Gem Spinners India Limited?

    Gem Spinners India Limited was incorporated on 18 Oct 1990.

  • What is authorized share capital and paid-up capital of Gem Spinners India Limited?

    The authorized share capital of Gem Spinners India Limited is ₹ 45.00 Cr and paid-up capital is ₹ 30.69 Cr.

  • Who are the current board members & directors of Gem Spinners India Limited?

    Currently 6 directors are associated with Gem Spinners India Limited.

    • Rangaswami Veeramani
    • Srinivasan Gopal
    • Poorana Juliet
    • Sakthivel
    • A Vani
    • Senthilvel Ganesan

  • What is the registered address of Gem Spinners India Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Gem Spinners India Limited is No 14 Mangalam Villagemadurathagam Taluk India, Kancheepuram District, Tamil Nadu, 603107.

  • What is the corporate identification number (CIN) and company number of Gem Spinners India Limited?

    The corporate identification number (CIN) of Gem Spinners India Limited is L17111TN1990PLC019791 and the company number is 019791 as per Ministry of Corporate Affairs (MCA).

  • Is Gem Spinners India Limited registered with any stock exchange in India?

    Yes, Gem Spinners India Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Gem Spinners India Limited?

    The Official website of Gem Spinners India Limited is https://www.gemspin.com

  • How many employees does Gem Spinners India Limited currently have?

    As Per 2023 financial reports, 3 employees are currently employed by Gem Spinners India Limited.

  • What change has been observed in the net worth of Gem Spinners India Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Gem Spinners India Limited has experienced an downturn of -230.16%.

  • When was the last Balance Sheet of Gem Spinners India Limited filed with the ROC?

    The most recent Balance Sheet for Gem Spinners India Limited was filed with the ROC on 31 Mar 2023.

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