Mittapalli Spinners Profile
Key Indicators
- Authorised Capital ₹ 24.00 Cr
- Paid Up Capital ₹ 22.61 Cr
- Company Age 15 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 44.44 Cr
- Satisfied Charges ₹ 38.97 Cr
- Revenue Growth -11.23%
- Profit Growth -8.49%
- Ebitda 9.38%
- Net Worth 7.11%
- Total Assets 10.92%
About Mittapalli Spinners
Mittapalli Spinners Private Limited (MSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 15 February 2010 and has a history of 15 years and three months. Its registered office is in Guntur, Andhra Pradesh, India.
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. Madhu Raghunayakula, Mittapalli Kumar, Sairam Gaddam, and Four other members serve as directors at the Company.
Company Details
- Location
Guntur, Andhra Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- 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
Manufacturing
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.
Mittapalli Spinners Private Limited
Explore comprehensive data for Mittapalli Spinners Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
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 (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sairam Gaddam | Director | 05-Mar-2017 | Current |
Madhu Raghunayakula  | Director | 05-Mar-2017 | Current |
| Mittapalli Kumar | Additional Director | 21-Jan-2019 | Current |
| Bheemeswara Mittapalli | Director | 15-Feb-2010 | Current |
| Venkata Mittapalli | Whole-Time Director | 15-Feb-2010 | Current |
Financial Performance 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
- Ratios
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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.
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Gohire Technologies Private LimitedSairam Gaddam is a mutual person
Variety Vintage Technologies Private LimitedMadhu Raghunayakula is a mutual person
Chowdary Spinners Private LimitedSairam Gaddam is a mutual person
Charges (Loans)
Open Charges
₹44.44 Cr
Satisfied Charges
₹38.97 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 44.44 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Apr 2023 | Axis Bank Limited | ₹5.80 M | Open |
| 27 Mar 2023 | Axis Bank Limited | ₹5.00 Cr | Open |
| 18 Jun 2022 | Axis Bank Limited | ₹37.76 Cr | Open |
| 31 Oct 2021 | Axis Bank Limited | ₹1.10 Cr | Open |
| 13 Apr 2020 | Others | ₹1.80 Cr | Satisfied |
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.
Latest Updates, News, and FAQs on Mittapalli Spinners
Recent activity within the organization
- Charges
A charge with Axis Bank Limited of Rs. 37.76 Cr registered on 18 Jun 2022 with Charge ID 100591362 was modified on 14 Jun 2024.
- Annual General Meeting
Mittapalli Spinners Private Limited last Annual general meeting of members was held on 28 Sep 2023 as per latest MCA records.
- Charges
A charge with Axis Bank Limited amounted to Rs. 0.58 Cr with Charge ID 100730407 was registered on 10 Apr 2023.
- Balance Sheet
Mittapalli Spinners Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Vijayawada.
- Charges
A charge with Axis Bank Limited amounted to Rs. 5.00 Cr with Charge ID 100711396 was registered on 27 Mar 2023.
- Charges
A charge registered on 13 Dec 2010 via Charge ID 10263975 with Others was fully satisfied on 16 Jul 2022.
Frequently asked questions
What is the Incorporation or founding date of Mittapalli Spinners Private Limited?
Mittapalli Spinners Private Limited was incorporated on 15 Feb 2010.
What is authorized share capital and paid-up capital of Mittapalli Spinners Private Limited?
The authorized share capital of Mittapalli Spinners Private Limited is ₹ 24.00 Cr and paid-up capital is ₹ 22.61 Cr.
Who are the current board members & directors of Mittapalli Spinners Private Limited?
Currently 9 directors are associated with Mittapalli Spinners Private Limited.
- Rupali Gangapurkar
- Mittapalli Ramesh Babu
- Madhu Raghunayakula
- Mittapalli Kishore Kumar
- Sairam Reddy Gaddam
- Chakravarthi Srinivasa Mittapalli
- Bheemeswara Venkata Satya Narayana Mittapalli
- Mittapalli Ramesh Babu
- Venkata Koteswara Rao Mittapalli
What is the registered address of Mittapalli Spinners Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Mittapalli Spinners Private Limited is 18-2-65 Kota Bazar India, Narasaraopet, Andhra Pradesh, 522601.
What is the corporate identification number (CIN) and company number of Mittapalli Spinners Private Limited?
The corporate identification number (CIN) of Mittapalli Spinners Private Limited is U17120AP2010PTC067024 and the company number is 067024 as per Ministry of Corporate Affairs (MCA).
What is the official website of Mittapalli Spinners Private Limited?
The Official website of Mittapalli Spinners Private Limited is https://www.mittapallispinners.com
What has been the recent revenue trend for Mittapalli Spinners Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Mittapalli Spinners Private Limited has fallen by -11.23%.
How many employees does Mittapalli Spinners Private Limited currently have?
As Per 2023 financial reports, 109 employees are currently employed by Mittapalli Spinners Private Limited.
What change has been observed in the net worth of Mittapalli Spinners Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Mittapalli Spinners Private Limited has experienced an upsurge of 7.11%.
What are the total open charges for Mittapalli Spinners Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Mittapalli Spinners Private Limited amount to ₹ 44.44 Cr.
When was the last Balance Sheet of Mittapalli Spinners Private Limited filed with the ROC?
The most recent Balance Sheet for Mittapalli Spinners Private Limited was filed with the ROC on 31 Mar 2023.
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