Myk Spinning Industries Private Limited
Manufacturer and trader of cotton yarns with units in Gujarat and Maharashtra.
1995 | Rangareddy, Telangana (India) | Active
Myk Spinning Industries Profile
Key Indicators
- Authorised Capital ₹ 17.00 Cr
- Paid Up Capital ₹ 15.05 Cr
- Company Age 29 Year, 6 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 six 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
- Location
Rangareddy, Telangana, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
-
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U17110TG1995PTC021374
- Company No.
021374
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
09 Aug 1995
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Hyderabad
Industry
Manufacturing
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 |
| Tanisha Jhalani | Company Secretary | 02-Dec-2019 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Yashwanth Papagari | Director | 29-Sep-2006 | Current |
| Dharma Gujjula | Director | 01-Jul-2020 | Current |
| Meenakshi Venkatesan | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
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Reitz India LimitedMunikrishna Papagari and Yashwanth Papagari are mutual person
Parasakti Cement Industries LimitedMunikrishna Papagari, Yashwanth Papagari and 1 more are mutual person
Myk Arment Private LimitedMunikrishna Papagari is a mutual person
Myk Laticrete Private LimitedMunikrishna Papagari is a mutual person
Charges (Loans)
Open Charges
₹226.93 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Myk Spinning Industries
Recent activity within the organization
- Annual General Meeting
Myk Spinning Industries Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Charges
A charge with Others amounted to Rs. 185.00 Cr with Charge ID 100957213 was registered on 14 Jun 2024.
- Balance Sheet
Myk Spinning Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Hyderabad.
- Charges
A charge registered on 03 Mar 2021 via Charge ID 100426106 with Others was fully satisfied on 27 Mar 2023.
- Director Appointment
Meenakshi Venkatesan was appointed as a Director was appointed as a Director on 10 Dec 2022 & has been associated with this company since 2 years 2 months .
- Charges
A charge with Axis Bank Limited amounted to Rs. 3.00 Cr with Charge ID 100623103 was registered on 20 Oct 2022.
Frequently asked questions
What is the Incorporation or founding date of Myk Spinning Industries Private Limited?
Myk Spinning Industries Private Limited was incorporated on 09 Aug 1995.
What is authorized share capital and paid-up capital of Myk Spinning Industries Private Limited?
The authorized share capital of Myk Spinning Industries Private Limited is ₹ 17.00 Cr and paid-up capital is ₹ 15.05 Cr.
Who are the current board members & directors of Myk Spinning Industries Private Limited?
Currently 5 directors are associated with Myk Spinning Industries Private Limited.
- Munikrishna Papagari
- Yashwanth Krishna Papagari
- Dharma Reddy Gujjula
- Meenakshi Venkatesan
- Tanisha Jhalani
What is the registered address of Myk Spinning Industries Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Myk Spinning Industries Private Limited is Myscape Weave 5Th Floor, Financial District India, Seri Lingampally, Telangana, 500032.
What is the corporate identification number (CIN) and company number of Myk Spinning Industries Private Limited?
The corporate identification number (CIN) of Myk Spinning Industries Private Limited is U17110TG1995PTC021374 and the company number is 021374 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Myk Spinning Industries Private Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Myk Spinning Industries Private Limited has fallen by -3.25%.
How many employees does Myk Spinning Industries Private Limited currently have?
As Per 2023 financial reports, 542 employees are currently employed by Myk Spinning Industries Private Limited.
What change has been observed in the net worth of Myk Spinning Industries Private Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Myk Spinning Industries Private Limited has experienced an upsurge of 4.67%.
What are the total open charges for Myk Spinning Industries Private Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Myk Spinning Industries Private Limited amount to ₹ 226.93 Cr.
When was the last Balance Sheet of Myk Spinning Industries Private Limited filed with the ROC?
The most recent Balance Sheet for Myk Spinning Industries Private Limited was filed with the ROC on 31 Mar 2024.
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