Knitvel Needles Private Limited

Manufactures hosiery needles and auto parts for textile industry since 1974 in Tamil Nadu.

1974 | Krishnagiri, Tamil Nadu (India) | Active
Last Updated:

Knitvel Needles Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 4.10 M
  • Company Age 50 Year, 4 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 12.15 Cr
  • Satisfied Charges ₹ 6.50 Cr
  • Revenue Growth 12.00%
  • Profit Growth -31.27%
  • Ebitda -8.97%
  • Net Worth 14.45%
  • Total Assets 28.35%

About Knitvel Needles

Knitvel Needles Private Limited (KNPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 12 December 1974 and has a history of 50 years and four months. Its registered office is in Krishnagiri, Tamil Nadu, India.

The Corporate was formerly known as Knitvel Needles Limited. The Company is engaged in the Machinery And Equipment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.00 M and a paid-up capital of Rs 4.10 M.

The company currently has active open charges totaling ₹12.15 Cr. The company has closed loans amounting to ₹6.50 Cr, as per Ministry of Corporate Affairs (MCA) records.

Kalavathy Adhi, Sakthivel Ahalya, Arjun Adhi, and One other member serve as directors at the Company.

Company Details

  • Location

    Krishnagiri, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U02893TZ1974PTC000720

  • Company No.

    000720

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    12 Dec 1974

  • Date of AGM

    20 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Machinery and Equipment

What products or services does Knitvel Needles Private Limited offer?

Knitvel Needles Private Limited offers a wide range of products and services, including Embroidery Needles & Accessories, Knitting Needles, Textile Machinery Spares, Weaving Machine Parts, Powder Coatings, Aluminum Powder Coating, Sheet Metal Fabrication, Sheet Metal Fabrication Parts.

Company report

Knitvel Needles Private Limited

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

Who are the key members and board of directors at Knitvel Needles?

Executive Team (1)

NameDesignationAppointment DateStatus
Adhi Krishnasamy Country flag representing In Managing Director16-Feb-1976Current

Board Members (3)

NameDesignationAppointment DateStatus
Kalavathy Adhi Country flag representing In Director 30-Jul-2001Current
Arjun Adhi Country flag representing In Whole-Time Director 03-Aug-2021Current
Sakthivel Ahalya Country flag representing In Director 14-Oct-2022Current

Financial Performance of Knitvel Needles.

Knitvel Needles Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 12% increase. The company also saw a substantial fall in profitability, with a 31.27% decrease in profit. The company's net worth Soared by an impressive increase of 14.45%.

Knitvel Needles revenue growth over time
Knitvel Needles 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
12.00%
Revenue from Operations
12.03%
Total Assets
28.35%
Profit or Loss
-31.27%
Net Worth
14.45%
EBITDA
-8.97%

What is the Ownership and Shareholding Structure of Knitvel Needles?

In 2023, Knitvel Needles had a promoter holding of 85.68% and a public holding of 14.32%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹121.53 M

Satisfied Charges

₹64.99 M

Charges Breakdown by Lending Institutions

  • Others : 12.03 Cr
  • Indian Overseas Bank : 0.13 Cr

Latest Charge Details

DateLenderAmountStatus
27 Mar 2024Others₹2.00 CrOpen
28 Mar 2023Others₹5.00 CrOpen
19 Nov 2021Indian Overseas Bank₹1.25 MOpen
08 Oct 2020Others₹5.03 CrOpen
14 May 2020Others₹2.22 MSatisfied

How Many Employees Work at Knitvel Needles?

Knitvel Needles has a workforce of 217 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 Knitvel Needles Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Knitvel Needles, 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 Knitvel Needles'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 Knitvel Needles

Recent activity within the organization

  • Annual General Meeting

    Knitvel Needles Private Limited last Annual general meeting of members was held on 20 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Knitvel Needles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.

  • Charges

    A charge with Others amounted to Rs. 20.00 M with Charge ID 100889269 was registered on 27 Mar 2024.

  • Charges

    A charge registered on 14 May 2020 via Charge ID 100336876 with Others was fully satisfied on 10 Jul 2023.

  • Charges

    A charge registered on 18 Feb 2016 via Charge ID 10622763 with Tamilnadu Industrial Investment Corporation Limited was fully satisfied on 10 Jul 2023.

  • Charges

    A charge with Others amounted to Rs. 50.00 M with Charge ID 100692560 was registered on 28 Mar 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Knitvel Needles Private Limited?

    Knitvel Needles Private Limited was incorporated on 12 Dec 1974.

  • What is authorized share capital and paid-up capital of Knitvel Needles Private Limited?

    The authorized share capital of Knitvel Needles Private Limited is ₹ 5.00 M and paid-up capital is ₹ 4.10 M.

  • Who are the current board members & directors of Knitvel Needles Private Limited?

    Currently 4 directors are associated with Knitvel Needles Private Limited.

    • Kalavathy Adhi
    • Sakthivel Ahalya
    • Arjun Adhi
    • Adhi Muthusamy Lakkapuram Krishnasamy

  • What is the registered address of Knitvel Needles Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Knitvel Needles Private Limited is 110Sipcot Industrial Complex Hosur India, Dharmapuri District, Tamil Nadu, 635126.

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

    The corporate identification number (CIN) of Knitvel Needles Private Limited is U02893TZ1974PTC000720 and the company number is 000720 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Knitvel Needles Private Limited?

    The Official website of Knitvel Needles Private Limited is https://www.knitvelneedles.com

  • What has been the recent revenue trend for Knitvel Needles Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Knitvel Needles Private Limited has risen by 12.00%.

  • How many employees does Knitvel Needles Private Limited currently have?

    As Per 2023 financial reports, 217 employees are currently employed by Knitvel Needles Private Limited.

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

    The financial reports for the fiscal year 2023 indicates that The net worth of Knitvel Needles Private Limited has experienced an upsurge of 14.45%.

  • What are the total open charges for Knitvel Needles Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Knitvel Needles Private Limited amount to ₹ 12.15 Cr.

  • When was the last Balance Sheet of Knitvel Needles Private Limited filed with the ROC?

    The most recent Balance Sheet for Knitvel Needles Private Limited was filed with the ROC on 31 Mar 2024.

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