Knitvel Needles Profile
Key Indicators
- Authorised Capital ₹ 5.00 M
- Paid Up Capital ₹ 4.10 M
- Company Age 50 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- 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 one month. Its registered office is in Dharmapuri District, 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 2023. 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.
Adhi Krishnasamy, Kalavathy Adhi, Arjun Adhi, and One other member serve as directors at the Company.
Company Details
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Location
Dharmapuri District, 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
U02893TZ1974PTC000720
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Company No.
000720
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
12 Dec 1974
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Date of AGM
16 Sep 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
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.
Who are the key members and board of directors at Knitvel Needles?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Adhi Krishnasamy
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Managing Director | 16-Feb-1976 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
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Kalavathy Adhi
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Director | 30-Jul-2001 | Current |
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Arjun Adhi
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Director | 03-Aug-2021 | Current |
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Sakthivel Ahalya
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Director | 14-Oct-2022 | Current |
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%.
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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.
Related Corporates (Common Directorship)
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Elkayem Auto Ancillaries Private LimitedAdhi Krishnasamy and Kalavathy Adhi are mutual person
Charges (Loans)
₹121.53 M
₹64.99 M
Charges Breakdown by Lending Institutions
- Others : 12.03 Cr
- Indian Overseas Bank : 0.13 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Mar 2024 | Others | ₹2.00 Cr | Open |
| 28 Mar 2023 | Others | ₹5.00 Cr | Open |
| 19 Nov 2021 | Indian Overseas Bank | ₹1.25 M | Open |
| 08 Oct 2020 | Others | ₹5.03 Cr | Open |
| 14 May 2020 | Others | ₹2.22 M | Satisfied |
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.
Deals i
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
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.
