Maris Spinners Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 7.92 Cr
- Company Age 45 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 149.86 Cr
- Satisfied Charges ₹ 101.50 Cr
- Revenue Growth -12.80%
- Profit Growth -170.41%
- Ebitda -128.00%
- Net Worth -28.34%
- Total Assets 11.80%
About Maris Spinners
Maris Spinners Limited (MSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 18 September 1979 and has a history of 45 years and five months. Its registered office is in Chennai, Tamil Nadu, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 531503.
The Corporate was formerly known as Maris Spinners Private Limited. 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 10.00 Cr and a paid-up capital of Rs 7.92 Cr.
The company currently has active open charges totaling ₹149.86 Cr. The company has closed loans amounting to ₹101.50 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Maris Spinners Limited India are Hari Govind as CFO and Natarajan Sridharan as Company Secretary. Thangavelu Jayaraman, Parag Udani, Thangavelu Raghuraman, and Five other members serve as directors at the Company.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
L93090TN1979PLC032618
- Company No.
032618
- Stock Symbol
BSE : 531503
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
18 Sep 1979
- Date of AGM
23 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Chennai
Industry
What products or services does Maris Spinners Limited offer?
Maris Spinners Limited offers a wide range of products and services, including Natural Fiber Yarns, Cotton Yarn, Polyester Cotton Yarn.
Who are the key members and board of directors at Maris Spinners?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Thangavelu Raghuraman  | Managing Director | 27-Jul-2007 | Current |
| Hari Govind | CFO | 01-Oct-2014 | Current |
| Natarajan Sridharan | Company Secretary | 01-Jun-2020 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sethuraman Kalyanaraman | Director | 30-May-2019 | Current |
| Thangavelu Jayaraman | Director | 15-Jun-1995 | Current |
| Parag Udani | Director | 30-May-2019 | Current |
| Harigovind | Whole-Time Director and Cfo | 01-Nov-2016 | Current |
| Adithya Raghuraman | Whole-Time Director | 09-Jun-2021 | Current |
| Ananthakumar Dhamayanthi | Director | 30-May-2019 | Current |
Financial Performance of Maris Spinners.
Maris Spinners Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 12.8% decrease. The company also saw a substantial fall in profitability, with a 170.41% decrease in profit. The company's net worth observed a substantial decline by a decrease of 28.34%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Maris Spinners?
In 2023, Maris Spinners had a promoter holding of 74.23% and a public holding of 25.77%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
The Cotton Textiles Export Promotion CouncilParag Udani is a mutual person
Ootacamund ClubThangavelu Jayaraman is a mutual person
Maris Power Trading Company LlpHarigovind is a mutual person
Century Flour Mills Private LimitedThangavelu Jayaraman is a mutual person
Parry Agro Industries LimitedThangavelu Jayaraman is a mutual person
Century Energy Trading LlpThangavelu Jayaraman is a mutual person
Charges (Loans)
₹149.86 Cr
₹101.50 Cr
Charges Breakdown by Lending Institutions
- Indian Overseas Bank : 79.00 Cr
- Others : 69.61 Cr
- Industrial Development Bank Of India : 1.00 Cr
- The Catholic Syrian Bank Ltd : 0.25 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Nov 2023 | Others | ₹15.00 Cr | Open |
| 25 Sep 2020 | Others | ₹3.84 Cr | Open |
| 03 Mar 2014 | Others | ₹50.77 Cr | Open |
| 21 Jan 2006 | Indian Overseas Bank | ₹79.00 Cr | Open |
| 25 Mar 1994 | Industrial Development Bank Of India | ₹1.00 Cr | Open |
How Many Employees Work at Maris Spinners?
Maris Spinners has a workforce of 351 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 Maris 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 Maris 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.
