Madras Spinners Profile
Key Indicators
- Authorised Capital ₹ 1.50 Cr
- Paid Up Capital ₹ 1.10 Cr
- Company Age 62 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 5.47 Cr
- Satisfied Charges ₹ 1.25 Cr
- Revenue Growth %
- Profit Growth 578.04%
- Ebitda -26.73%
- Net Worth 8.55%
- Total Assets 39.60%
About Madras Spinners
Madras Spinners Limited (MSL) was founded in India on 07 July 1962 and has a glorious history of 62 years and six 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 1.50 Cr and a paid-up capital of Rs 1.10 Cr.
The company currently has active open charges totaling ₹5.47 Cr. The company has closed loans amounting to ₹1.25 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Madras Spinners Limited India are Subbaiyan Kumar as CFO and Radha Sharma as Company Secretary. Santosh Kanodia, Subramanian Senthilnathan, Kalyanaswamy Renuka, 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
L17111TZ1962PLC004619
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Company No.
004619
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
07 Jul 1962
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Listed
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ROC Code
Roc Coimbatore
Industry
Who are the key members and board of directors at Madras Spinners?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Santosh Kanodia
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Managing Director | 09-Jun-2004 | Current |
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Subbaiyan Kumar
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CFO | 01-Jan-2016 | Current |
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Radha Sharma
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Company Secretary | 17-Oct-2024 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
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Subramanian Senthilnathan
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Director | 01-Mar-2019 | Current |
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Kalyanaswamy Renuka
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Director | 01-Mar-2023 | Current |
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Govindkumargupta
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Director | 12-Oct-2021 | Current |
Financial Performance of Madras Spinners.
Madras Spinners Limited, for the financial year ended 2023, experienced no change in revenue, with a 0% increase. The company also saw a substantial improvement in profitability, with a 578.04% increase in profit. The company's net worth moved up by a moderate rise of 8.55%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Madras Spinners?
In 2023, Madras Spinners had a promoter holding of 50.79% and a public holding of 49.21%. 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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Sholingur Textiles LimitedSantosh Kanodia is a mutual person
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Sitalakshmi Mills LimitedSantosh Kanodia and Govindkumargupta are mutual person
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Sumukha Green Tech Aviation Limited
Santosh Kanodia is a mutual person
Charges (Loans)
₹5.47 Cr
₹1.25 Cr
Charges Breakdown by Lending Institutions
- Edelweiss Asset Reconstruction Company Limited : 4.80 Cr
- Idbi : 0.67 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Oct 1992 | Edelweiss Asset Reconstruction Company Limited | ₹4.13 Cr | Open |
| 02 Jul 1990 | Edelweiss Asset Reconstruction Company Limited | ₹6.70 M | Open |
| 02 Jul 1990 | Idbi | ₹6.70 M | Open |
| 07 May 1993 | State Bank Of India | ₹1.25 Cr | Satisfied |
How Many Employees Work at Madras Spinners?
Unlock and access historical data on people associated with Madras Spinners, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Madras Spinners, 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 Madras Spinners'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.
