Myk Spinning Industries Profile
Key Indicators
- Authorised Capital ₹ 17.00 Cr
as on 17-11-2024
- Paid Up Capital ₹ 15.05 Cr
as on 17-11-2024
- Company Age 29 Year, 4 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 226.93 Cr
as on 17-11-2024
- Satisfied Charges ₹ 309.27 Cr
as on 17-11-2024
- Revenue -3.25%
(FY 2023)
- Profit -73.36%
(FY 2023)
- Ebitda -28.40%
(FY 2023)
- Net Worth 4.67%
(FY 2023)
- Total Assets 12.21%
(FY 2023)
About Myk Spinning Industries
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.
- 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
Company Details
- Location
Rangareddy, Telangana, India
- Telephone
- Email Address
- Website
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- Social Media-
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 and Corporate Structure Insights 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.
Related Corporates (Common Directorship)
Turbovent Industries Private LimitedActive 32 years 2 monthsYashwanth Papagari and Meenakshi Venkatesan are mutual person
Turbo Cement Private LimitedActive 24 years 23 daysYashwanth Papagari and Meenakshi Venkatesan are mutual person
Reitz India LimitedActive 26 years 7 monthsMunikrishna Papagari and Yashwanth Papagari are mutual person
Parasakti Cement Industries LimitedActive 31 years 7 monthsMunikrishna Papagari, Yashwanth Papagari and 1 more are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 14 Jun 2024 | ₹185.00 Cr | Open |
Axis Bank Limited Creation Date: 20 Oct 2022 | ₹3.00 Cr | Open |
Others Creation Date: 21 Jan 2022 | ₹10.00 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.
