Needle Industries (India) Profile
Key Indicators
- Authorised Capital ₹ 10.00 Cr
- Paid Up Capital ₹ 3.84 Cr
- Company Age 75 Year, 6 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 40.67 Cr
- Satisfied Charges ₹ 9.60 Cr
- Revenue Growth 32.91%
- Profit Growth 19.73%
- Ebitda 38.01%
- Net Worth 3.92%
- Total Assets 3.24%
About Needle Industries (India)
Needle Industries (India) Private Limited (NIIPL) was founded in India on 20 July 1949 and has a glorious history of 75 years and six months. Its registered office is in Nilgiris, Tamil Nadu, India.
The Company is engaged in the Machinery And Equipment 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 10.00 Cr and a paid-up capital of Rs 3.84 Cr.
The company currently has active open charges totaling ₹40.67 Cr. The company has closed loans amounting to ₹9.60 Cr, as per Ministry of Corporate Affairs (MCA) records.
Rajesh Rajaram, Theophilus Devagnanam, Shunmugam Devagnanam, and Six other members serve as directors at the Company.
Company Details
- Location
Nilgiris, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U27109TZ1949PTC008637
- Company No.
008637
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
20 Jul 1949
- Date of AGM
27 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
What products or services does Needle Industries (India) Private Limited offer?
Needle Industries (India) Private Limited offers a wide range of products and services, including Embroidery Needles & Accessories, Sewing Accessories, Nails & Pins, Industrial Pins, Face Mask & Medical PPE Kits, Elastic Tapes, Cufflink, Buttons, Zippers & Buckles, Hook Eye Fastener, Lab Accessories, Magnetic needles.
Who are the key members and board of directors at Needle Industries (India)?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Theophilus Devagnanam  | Managing Director | 24-Sep-1988 | Current |
Board Members (7)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Vishnu Devagnanam | Whole-Time Director | 07-Jan-2013 | Current |
| Rajesh Rajaram | Director | 11-Mar-2005 | Current |
Shunmugam Devagnanam  | Whole-Time Director | 12-Aug-2002 | Current |
| Dinesh Dulipsingh | Director | 16-Mar-2012 | Current |
| Krishna Srinivasan | Director | 14-Aug-2021 | Current |
Phee Eow  | Director | 04-Nov-2009 | Current |
Financial Performance of Needle Industries (India).
Needle Industries (India) Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 32.91% increase. The company also saw a substantial improvement in profitability, with a 19.73% increase in profit. The company's net worth moved up by a moderate rise of 3.92%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Needle Industries (India)?
In 2023, Needle Industries (India) had a promoter holding of 51.55% and a public holding of 48.45%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Ootacamund ClubTheophilus Devagnanam is a mutual person
Tractors And Farm Equipment Limited.Krishna Srinivasan is a mutual person
Thg Publishing Private LimitedKrishna Srinivasan is a mutual person
Aswati Inns Private LimitedRajesh Rajaram is a mutual person
Pony Craft Store Private LimitedTheophilus Devagnanam, Shunmugam Devagnanam and 2 more are mutual person
Lexington Soft Private LimitedDinesh Dulipsingh is a mutual person
Charges (Loans)
₹40.67 Cr
₹9.60 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 27.91 Cr
- Idbi Bank Limited : 12.15 Cr
- Hdfc Bank Limited : 0.61 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Apr 2022 | State Bank Of India | ₹2.65 Cr | Open |
| 30 Mar 2022 | Idbi Bank Limited | ₹1.19 Cr | Open |
| 22 Apr 2021 | Hdfc Bank Limited | ₹6.11 M | Open |
| 03 Dec 2020 | State Bank Of India | ₹3.90 Cr | Open |
| 26 Aug 2020 | Idbi Bank Limited | ₹1.21 Cr | Open |
How Many Employees Work at Needle Industries (India)?
Needle Industries (India) has a workforce of 764 employees as of Mar 28, 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 Needle Industries (India), 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 Needle Industries (India)'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.
