Maharashtra State Powerlooms Corporation Limited

Government-owned company supports power-loom industry by providing equipment, materials, marketing assistance, and financing.

1972 | Thane, Maharashtra (India) | Active
Last Updated:

Maharashtra State Powerlooms Corporation Profile

Key Indicators

  • Authorised Capital ₹ 20.00 Cr
  • Paid Up Capital ₹ 18.91 Cr
  • Company Age 53 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 3.26 Cr
  • Revenue Growth 62.44%
  • Profit Growth -70.39%
  • Ebitda 54.20%
  • Net Worth 119.78%
  • Total Assets 34.24%

About Maharashtra State Powerlooms Corporation

Maharashtra State Powerlooms Corporation Limited (MSPCL) was founded in India on 01 February 1972 and has a glorious history of 53 years and two months. Its registered office is in Thane, Maharashtra, 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 2024. It's a company limited by shares with an authorized capital of Rs 20.00 Cr and a paid-up capital of Rs 18.91 Cr.

The company currently has active open charges totaling ₹3.26 Cr.

The Key Managerial Personnel (KMP) at Maharashtra State Powerlooms Corporation Limited India is Sharad Aphale as COMPANY SECRETARY. Gauri Mhaske, Avishyant Panda, and Shrikrishna Pawar serve as directors at the Company.

Company Details

  • Location

    Thane, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U51504MH1972SGC015583

  • Company No.

    015583

  • Company Classification

    Private Limited State Government Company

  • Incorporation Date

    01 Feb 1972

  • Date of AGM

    22 Aug 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Manufacturing
Company report

Maharashtra State Powerlooms Corporation Limited

Explore comprehensive data for Maharashtra State Powerlooms Corporation Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Maharashtra State Powerlooms Corporation?

Executive Team (2)

NameDesignationAppointment DateStatus
Sharad Aphale Country flag representing In Company Secretary01-Apr-2023Current
Shrikrishna Pawar Country flag representing In Managing Director01-Jun-2023Current

Board Members (2)

NameDesignationAppointment DateStatus
Gauri Mhaske Country flag representing In Director 05-Oct-2017Current
Avishyant Panda Country flag representing In Director 15-May-2024Current

Financial Performance of Maharashtra State Powerlooms Corporation.

Maharashtra State Powerlooms Corporation Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 62.44% increase. The company also saw a substantial fall in profitability, with a 70.39% decrease in profit. The company's net worth Soared by an impressive increase of 119.78%.

Maharashtra State Powerlooms Corporation revenue growth over time
Maharashtra State Powerlooms Corporation 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
62.44%
Revenue from Operations
65.44%
Total Assets
34.24%
Profit or Loss
-70.39%
Net Worth
119.78%
EBITDA
54.20%

What is the Ownership and Shareholding Structure of Maharashtra State Powerlooms Corporation?

In 2023, Maharashtra State Powerlooms Corporation had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹3.26 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Syndicate Bank : 3.26 Cr

Latest Charge Details

DateLenderAmountStatus
23 Jul 2015Syndicate Bank₹3.26 CrOpen

How Many Employees Work at Maharashtra State Powerlooms Corporation?

Unlock and access historical data on people associated with Maharashtra State Powerlooms Corporation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Maharashtra State Powerlooms Corporation Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Maharashtra State Powerlooms Corporation, 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 Maharashtra State Powerlooms Corporation'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 Maharashtra State Powerlooms Corporation

Recent activity within the organization

  • Annual General Meeting

    Maharashtra State Powerlooms Corporation Limited last Annual general meeting of members was held on 22 Aug 2024 as per latest MCA records.

  • Director Appointment

    Avishyant Panda was appointed as a Director was appointed as a Director on 15 May 2024 & has been associated with this company since 11 months .

  • Balance Sheet

    Maharashtra State Powerlooms Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

  • Director Appointment

    Shrikrishna Baburao Pawar was appointed as a Managing Director was appointed as a Managing Director on 01 Jun 2023 & has been associated with this company since 1 year 10 months .

  • Director Appointment

    Sharad D Aphale was appointed as a Company Secretary was appointed as a Company Secretary on 01 Apr 2023 & has been associated with this company since 2 years 14 days .

  • Director Appointment

    Gauri Rahul Mhaske was appointed as a Director was appointed as a Director on 05 Oct 2017 & has been associated with this company since 7 years 6 months .

Frequently asked questions

  • What is the Incorporation or founding date of Maharashtra State Powerlooms Corporation Limited?

    Maharashtra State Powerlooms Corporation Limited was incorporated on 01 Feb 1972.

  • What is authorized share capital and paid-up capital of Maharashtra State Powerlooms Corporation Limited?

    The authorized share capital of Maharashtra State Powerlooms Corporation Limited is ₹ 20.00 Cr and paid-up capital is ₹ 18.91 Cr.

  • Who are the current board members & directors of Maharashtra State Powerlooms Corporation Limited?

    Currently 4 directors are associated with Maharashtra State Powerlooms Corporation Limited.

    • Gauri Rahul Mhaske
    • Avishyant Panda
    • Sharad D Aphale
    • Shrikrishna Baburao Pawar

  • What is the registered address of Maharashtra State Powerlooms Corporation Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Maharashtra State Powerlooms Corporation Limited is Handloom Haveli 1St Floor Saiprasad Shopping Complex Sector Plot No 17, Near Sarsole Bus Depot India, Thane, Maharashtra, 400706.

  • What is the corporate identification number (CIN) and company number of Maharashtra State Powerlooms Corporation Limited?

    The corporate identification number (CIN) of Maharashtra State Powerlooms Corporation Limited is U51504MH1972SGC015583 and the company number is 015583 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Maharashtra State Powerlooms Corporation Limited?

    The Official website of Maharashtra State Powerlooms Corporation Limited is https://www.mspc.org.in

  • What has been the recent revenue trend for Maharashtra State Powerlooms Corporation Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Maharashtra State Powerlooms Corporation Limited has risen by 62.44%.

  • What change has been observed in the net worth of Maharashtra State Powerlooms Corporation Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Maharashtra State Powerlooms Corporation Limited has experienced an upsurge of 119.78%.

  • What are the total open charges for Maharashtra State Powerlooms Corporation Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Maharashtra State Powerlooms Corporation Limited amount to ₹ 3.26 Cr.

  • When was the last Balance Sheet of Maharashtra State Powerlooms Corporation Limited filed with the ROC?

    The most recent Balance Sheet for Maharashtra State Powerlooms Corporation Limited was filed with the ROC on 31 Mar 2024.

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