Myk Spinning Industries Profile
Key Indicators
- Authorised Capital ₹ 17.00 Cr
- Paid Up Capital ₹ 15.05 Cr
- Company Age 29 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 226.93 Cr
- Satisfied Charges ₹ 309.27 Cr
- Revenue Growth -3.25%
- Profit Growth -73.36%
- Ebitda -28.40%
- Net Worth 4.67%
- Total Assets 12.21%
About Myk Spinning Industries
Myk Spinning Industries Private Limited (MSIPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 09 August 1995 and has a history of 29 years and five months. Its registered office is in Rangareddy, Telangana, India.
The Corporate was formerly known as Myk Spinning Industries 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 17.00 Cr and a paid-up capital of Rs 15.05 Cr.
The company currently has active open charges totaling ₹226.93 Cr. The company has closed loans amounting to ₹309.27 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Myk Spinning Industries Private Limited India is Tanisha Jhalani as COMPANY SECRETARY. Munikrishna Papagari, Yashwanth Papagari, Dharma Gujjula, and One other member serve as directors at the Company.
Company Details
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Location
Rangareddy, Telangana, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U17110TG1995PTC021374
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Company No.
021374
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
09 Aug 1995
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Hyderabad
Industry
Who are the key members and board of directors at Myk Spinning Industries?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Munikrishna Papagari
|
Managing Director | 24-Jul-1996 | Current |
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Tanisha Jhalani
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Company Secretary | 02-Dec-2019 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Yashwanth Papagari
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Director | 29-Sep-2006 | Current |
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Dharma Gujjula
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Director | 01-Jul-2020 | Current |
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Meenakshi Venkatesan
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Director | 10-Dec-2022 | Current |
Financial Performance of Myk Spinning Industries.
Myk Spinning Industries Private Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 3.25% decrease. The company also saw a substantial fall in profitability, with a 73.36% decrease in profit. The company's net worth moved up by a moderate rise of 4.67%.
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What is the Ownership and Shareholding Structure of Myk Spinning Industries?
In 2023, Myk Spinning Industries had a promoter holding of 99.66% and a public holding of 0.33%. The company had 2 Associate Companies. 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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Turbovent Industries Private LimitedYashwanth Papagari and Meenakshi Venkatesan are mutual person
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Turbo Cement Private LimitedYashwanth Papagari and Meenakshi Venkatesan are mutual person
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Reitz India LimitedMunikrishna Papagari and Yashwanth Papagari are mutual person
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Parasakti Cement Industries LimitedMunikrishna Papagari, Yashwanth Papagari and 1 more are mutual person
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Myk Arment Private LimitedMunikrishna Papagari is a mutual person
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Myk Laticrete Private LimitedMunikrishna Papagari is a mutual person
Charges (Loans)
₹226.93 Cr
₹309.27 Cr
Charges Breakdown by Lending Institutions
- Others : 223.93 Cr
- Axis Bank Limited : 3.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Jun 2024 | Others | ₹185.00 Cr | Open |
| 20 Oct 2022 | Axis Bank Limited | ₹3.00 Cr | Open |
| 21 Jan 2022 | Others | ₹10.00 Cr | Open |
| 30 Mar 2021 | Others | ₹2.95 Cr | Open |
| 26 Oct 2020 | Others | ₹25.98 Cr | Open |
How Many Employees Work at Myk Spinning Industries?
Myk Spinning Industries has a workforce of 542 employees as of Apr 05, 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 Myk Spinning Industries, 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 Myk Spinning Industries'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.
