Nitin Spinners Profile
Key Indicators
- Authorised Capital ₹ 60.00 Cr
as on 16-11-2024
- Paid Up Capital ₹ 56.22 Cr
as on 16-11-2024
- Company Age 32 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 2,161.70 Cr
as on 16-11-2024
- Satisfied Charges ₹ 811.14 Cr
as on 16-11-2024
- Revenue -10.55%
(FY 2023)
- Profit -49.47%
(FY 2023)
- Ebitda -54.41%
(FY 2023)
- Net Worth 17.48%
(FY 2023)
- Total Assets 21.58%
(FY 2023)
About Nitin Spinners
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 532698 and on the National Stock Exchange(NSE) under NITINSPIN.
The Corporate was formerly known as Nitin Spinners Private 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 60.00 Cr and a paid-up capital of Rs 56.22 Cr.
The company currently has active open charges totaling ₹2,161.70 Cr. The company has closed loans amounting to ₹811.14 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Nitin Spinners Limited India are Sudhir Garg as COMPANY SECRETARY and Purshottam Maheshwari as Cfo. Dinesh Nolkha, Nitin Nolakha, Vibha Aren, and Three other members serve as directors at the Company.
Industry
Company Details
- Location
Bhilwara, Rajasthan, India
- Telephone
- Email Address
- Website
- Social Media-
What products or services does Nitin Spinners Limited offer?
Nitin Spinners Limited offers a wide range of products and services, including Apparel Fabrics & Clothing Textiles, Jersey & Knitted Fabric, Cotton Yarn, Compact Cotton Yarn.
Who are the key members and board of directors at Nitin Spinners?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nitin Nolakha  | Managing Director | 01-Oct-2015 | Current |
| Sudhir Garg | Company Secretary | 19-Apr-2006 | Current |
| Purshottam Maheshwari | CFO | 06-May-2014 | Current |
Board Members(5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Rishabh Lodha | Director | Current | |
| Dinesh Nolkha | Whole-Time Director | 01-Oct-2010 | Current |
| Vibha Aren | Director | 06-Aug-2024 | Current |
| Rohit Mehta | Director | 30-Dec-2021 | Current |
| Pratyush Nolakha | Whole-Time Director | 06-Aug-2024 | Current |
Financial Performance and Corporate Structure Insights of Nitin Spinners.
Nitin Spinners Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 10.55% decrease. The company also saw a substantial fall in profitability, with a 49.47% decrease in profit. The company's net worth Soared by an impressive increase of 17.48%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Nitin Spinners?
In 2023, Nitin Spinners had a promoter holding of 56.41% and a public holding of 43.58%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Nitin Infra Developers Private LimitedActive 13 years 6 monthsDinesh Nolkha and Nitin Nolakha are mutual person
- Redial Trading And Investment Pvt LtdActive 31 years 6 months
Dinesh Nolkha and Nitin Nolakha are mutual person
- Nitin Finance And Investment Private LimitedActive 8 years 6 months
Dinesh Nolkha and Nitin Nolakha are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Others Creation Date: 11 May 2022 | ₹655.00 Cr | Open |
Others Creation Date: 16 Aug 2018 | ₹475.00 Cr | Open |
Others Creation Date: 25 Feb 2016 | ₹215.00 Cr | Open |
How Many Employees Work at Nitin Spinners?
Nitin Spinners has a workforce of 4123 employees as of Apr 09, 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 Nitin 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 Nitin 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.
