Mittapalli Spinners Profile
Key Indicators
- Authorised Capital ₹ 24.00 Cr
as on 16-11-2024
- Paid Up Capital ₹ 22.61 Cr
as on 16-11-2024
- Company Age 14 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 44.44 Cr
as on 16-11-2024
- Satisfied Charges ₹ 38.97 Cr
as on 16-11-2024
- Revenue -11.23%
(FY 2023)
- Profit -8.49%
(FY 2023)
- Ebitda 9.38%
(FY 2023)
- Net Worth 7.11%
(FY 2023)
- Total Assets 10.92%
(FY 2023)
About Mittapalli Spinners
The Corporate was formerly known as Mittapalli Spinners 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 2023. It's a company limited by shares with an authorized capital of Rs 24.00 Cr and a paid-up capital of Rs 22.61 Cr.
The company currently has active open charges totaling ₹44.44 Cr. The company has closed loans amounting to ₹38.97 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Mittapalli Spinners Private Limited India are Rupali Gangapurkar as COMPANY SECRETARY and Mittapalli Babu as Cfo. Mittapalli Babu, Chakravarthi Mittapalli, Sairam Gaddam, and Four other members serve as directors at the Company.
- CIN/LLPIN
U17120AP2010PTC067024
- Company No.
067024
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
15 Feb 2010
- Date of AGM
28 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Vijayawada
Industry
Company Details
- Location
Guntur, Andhra Pradesh, India
- Telephone
- Email Address
- Website
- Social Media-
What products or services does Mittapalli Spinners Private Limited offer?
Mittapalli Spinners Private Limited offers a wide range of products and services, including Cotton Yarn, Grey Cotton Yarn, Yarns & Threads, Natural Fiber Yarns, Cotton Carded Yarn.
Who are the key members and board of directors at Mittapalli Spinners?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Chakravarthi Mittapalli  | Managing Director | 15-Feb-2010 | Current |
| Rupali Gangapurkar | Company Secretary | 01-Apr-2023 | Current |
| Mittapalli Babu | CFO | 06-Feb-2020 | Current |
Board Members(6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sairam Gaddam | Director | 05-Mar-2017 | Current |
| Mittapalli Babu | Director | 15-Feb-2010 | Current |
Madhu Raghunayakula  | Director | 05-Mar-2017 | Current |
| Bheemeswara Mittapalli | Director | 15-Feb-2010 | Current |
| Venkata Mittapalli | Whole-Time Director | 15-Feb-2010 | Current |
| Mittapalli Kumar | Additional Director | 21-Jan-2019 | Current |
Financial Performance and Corporate Structure Insights of Mittapalli Spinners.
Mittapalli Spinners Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 11.23% decrease. The company also saw a slight decrease in profitability, with a 8.49% decrease in profit. The company's net worth moved up by a moderate rise of 7.11%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Mittapalli Spinners?
In 2023, Mittapalli Spinners had a promoter holding of 100.00%. 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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Variety Vintage Technologies Private LimitedActive 3 years 3 monthsMadhu Raghunayakula is a mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Axis Bank Limited Creation Date: 10 Apr 2023 | ₹5.80 M | Open |
Axis Bank Limited Creation Date: 27 Mar 2023 | ₹5.00 Cr | Open |
Axis Bank Limited Creation Date: 18 Jun 2022 | ₹37.76 Cr | Open |
How Many Employees Work at Mittapalli Spinners?
Mittapalli Spinners has a workforce of 109 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 Mittapalli 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 Mittapalli 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.
