Maris Spinners Limited

Textile manufacturing company with spinning units and a windmill, catering to domestic market.

1979 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Maris Spinners Profile

Key Indicators

  • Authorised Capital ₹ 10.00 Cr
  • Paid Up Capital ₹ 7.92 Cr
  • Company Age 45 Year, 7 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 seven 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

Manufacturing

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.

Company report

Maris Spinners Limited

Explore comprehensive data for Maris Spinners Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Maris Spinners?

Executive Team (3)

NameDesignationAppointment DateStatus
Thangavelu Raghuraman Country flag representing In Managing Director27-Jul-2007Current
Hari Govind Country flag representing In CFO01-Oct-2014Current
Natarajan Sridharan Country flag representing In Company Secretary01-Jun-2020Current

Board Members (7)

NameDesignationAppointment DateStatus
Sethuraman Kalyanaraman Country flag representing In Director 30-May-2019Current
Thangavelu Jayaraman Country flag representing In Director 15-Jun-1995Current
Parag Udani Country flag representing In Director 30-May-2019Current
Harigovind Country flag representing In Whole-Time Director and Cfo 01-Nov-2016Current
Adithya Raghuraman Country flag representing In Whole-Time Director 09-Jun-2021Current
Ananthakumar Dhamayanthi Country flag representing In Director 30-May-2019Current

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%.

Maris Spinners revenue growth over time
Maris Spinners 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
-12.80%
Revenue from Operations
-13.86%
Total Assets
11.80%
Profit or Loss
-170.41%
Net Worth
-28.34%
EBITDA
-128.00%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹149.86 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
30 Nov 2023Others₹15.00 CrOpen
25 Sep 2020Others₹3.84 CrOpen
03 Mar 2014Others₹50.77 CrOpen
21 Jan 2006Indian Overseas Bank₹79.00 CrOpen
25 Mar 1994Industrial Development Bank Of India₹1.00 CrOpen

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.

Employee growth trends for Maris Spinners Limited

Deals i

Graph showing company valuation over time

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

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 Maris Spinners

Recent activity within the organization

  • Annual General Meeting

    Maris Spinners Limited last Annual general meeting of members was held on 23 Aug 2024 as per latest MCA records.

  • Balance Sheet

    Maris Spinners Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Charges

    A charge with Others of Rs. 50.77 Cr registered on 03 Mar 2014 with Charge ID 10509398 was modified on 29 Jan 2024.

  • Charges

    A charge with Others amounted to Rs. 15.00 Cr with Charge ID 100838361 was registered on 30 Nov 2023.

  • Charges

    A charge with Indian Overseas Bank of Rs. 79.00 Cr registered on 21 Jan 2006 with Charge ID 90291059 was modified on 28 Jul 2022.

  • Charges

    A charge with Others of Rs. 3.84 Cr registered on 25 Sep 2020 with Charge ID 100386043 was modified on 18 Mar 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Maris Spinners Limited?

    Maris Spinners Limited was incorporated on 18 Sep 1979.

  • What is authorized share capital and paid-up capital of Maris Spinners Limited?

    The authorized share capital of Maris Spinners Limited is ₹ 10.00 Cr and paid-up capital is ₹ 7.92 Cr.

  • Who are the current board members & directors of Maris Spinners Limited?

    Currently 10 directors are associated with Maris Spinners Limited.

    • Thangavelu Jayaraman
    • Parag Harkishon Udani
    • Thangavelu Raghuraman
    • Sethuraman Kalyanaraman
    • Harigovind
    • Adithya Raghuraman
    • Ananthakumar Dhamayanthi
    • Swaminathan
    • Hari Govind
    • Natarajan Sridharan

  • What is the registered address of Maris Spinners Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Maris Spinners Limited is New No.11 Old No.9 Cathedral Road, Gopalapuram India, Chennai, Tamil Nadu, 600086.

  • What is the corporate identification number (CIN) and company number of Maris Spinners Limited?

    The corporate identification number (CIN) of Maris Spinners Limited is L93090TN1979PLC032618 and the company number is 032618 as per Ministry of Corporate Affairs (MCA).

  • Is Maris Spinners Limited registered with any stock exchange in India?

    Yes, Maris Spinners Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Maris Spinners Limited?

    The Official website of Maris Spinners Limited is https://www.maris.co.in

  • What has been the recent revenue trend for Maris Spinners Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Maris Spinners Limited has fallen by -12.80%.

  • How many employees does Maris Spinners Limited currently have?

    As Per 2023 financial reports, 351 employees are currently employed by Maris Spinners Limited.

  • What change has been observed in the net worth of Maris Spinners Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Maris Spinners Limited has experienced an downturn of -28.34%.

  • What are the total open charges for Maris Spinners Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Maris Spinners Limited amount to ₹ 149.86 Cr.

  • When was the last Balance Sheet of Maris Spinners Limited filed with the ROC?

    The most recent Balance Sheet for Maris Spinners Limited was filed with the ROC on 31 Mar 2024.

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