Paramount Textile Mills Private Limited

Manufacturer of high-quality home textiles and fabrics, specializing in finer count and dobby designs.

1979 | Madurai District, Tamil Nadu (India) | Active
Last Updated:

Paramount Textile Mills Profile

Key Indicators

  • Authorised Capital ₹ 3.55 Cr
  • Paid Up Capital ₹ 4.02 M
  • Company Age 45 Year, 11 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 66.86 Cr
  • Satisfied Charges ₹ 139.39 Cr
  • Revenue Growth 4.07%
  • Profit Growth 14.87%
  • Ebitda -12.66%
  • Net Worth 20.06%
  • Total Assets 13.13%

About Paramount Textile Mills

Paramount Textile Mills Private Limited (PTMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 08 March 1979 and has a history of 45 years and 11 months. Its registered office is in Madurai District, Tamil Nadu, India.

The Corporate was formerly known as Paramount Textile Mills 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 2023. It's a company limited by shares with an authorized capital of Rs 3.55 Cr and a paid-up capital of Rs 4.02 M.

The company currently has active open charges totaling ₹66.86 Cr. The company has closed loans amounting to ₹139.39 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Paramount Textile Mills Private Limited India is Udayappan Alagappan as CFO. Udayappan Alagappan and Ramu Murugesan serve as directors at the Company.

Company Details

  • Location

    Madurai District, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    paramounttextiles.net

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17111TN1979PTC007748

  • Company No.

    007748

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    08 Mar 1979

  • Date of AGM

    18 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Manufacturing

Who are the key members and board of directors at Paramount Textile Mills?

Executive Team (2)

NameDesignationAppointment DateStatus
Ramu Murugesan Country flag representing In Managing Director02-Sep-2005Current
Udayappan Alagappan Country flag representing In CFO20-Oct-2020Current

Board Members

People

No Directors or KMP associated with company. Upon reviewing the records, we can confirm that there are no Directors or Key Management Personnel (KMP) associated with this company at present.

Financial Performance of Paramount Textile Mills.

Paramount Textile Mills Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 4.07% increase. The company also saw a substantial improvement in profitability, with a 14.87% increase in profit. The company's net worth Soared by an impressive increase of 20.06%.

Paramount Textile Mills revenue growth over time
Paramount Textile Mills profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
4.07%
Revenue from Operations
3.47%
Total Assets
13.13%
Profit or Loss
14.87%
Net Worth
20.06%
EBITDA
-12.66%

What is the Ownership and Shareholding Structure of Paramount Textile Mills?

In 2023, Paramount Textile Mills had a promoter holding of 71.40% and a public holding of 28.60%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹66.86 Cr

Satisfied Charges

₹139.39 Cr

Charges Breakdown by Lending Institutions

  • Others : 49.15 Cr
  • Hdfc Bank Limited : 12.00 Cr
  • Canara Bank : 5.00 Cr
  • Indian Overseas Bank : 0.71 Cr

Latest Charge Details

DateLenderAmountStatus
31 Oct 2023Hdfc Bank Limited₹12.00 CrOpen
05 Jun 2023Others₹17.80 CrOpen
18 Oct 2022Others₹25.00 CrOpen
15 Sep 2022Others₹6.35 CrOpen
25 Apr 2019Canara Bank₹5.00 CrOpen

How Many Employees Work at Paramount Textile Mills?

Paramount Textile Mills has a workforce of 528 employees as of Apr 06, 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.

Employee growth trends for Paramount Textile Mills Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Paramount Textile Mills, 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 Paramount Textile Mills's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Paramount Textile Mills

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 12.00 Cr with Charge ID 100819365 was registered on 31 Oct 2023.

  • Annual General Meeting

    Paramount Textile Mills Private Limited last Annual general meeting of members was held on 18 Sep 2023 as per latest MCA records.

  • Charges

    A charge with Others amounted to Rs. 17.80 Cr with Charge ID 100737351 was registered on 05 Jun 2023.

  • Balance Sheet

    Paramount Textile Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

  • Charges

    A charge registered on 07 Mar 2002 via Charge ID 90301068 with Global Trust Bank Ltd was fully satisfied on 17 Mar 2023.

  • Charges

    A charge with Others of Rs. 25.00 Cr registered on 18 Oct 2022 with Charge ID 100621505 was modified on 30 Dec 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Paramount Textile Mills Private Limited?

    Paramount Textile Mills Private Limited was incorporated on 08 Mar 1979.

  • What is authorized share capital and paid-up capital of Paramount Textile Mills Private Limited?

    The authorized share capital of Paramount Textile Mills Private Limited is ₹ 3.55 Cr and paid-up capital is ₹ 4.02 M.

  • Who are the current board members & directors of Paramount Textile Mills Private Limited?

    Currently 3 directors are associated with Paramount Textile Mills Private Limited.

    • Udayappan Alagappan
    • Udayappan Alagappan
    • Ramu Murugesan

  • What is the registered address of Paramount Textile Mills Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Paramount Textile Mills Private Limited is Thirali Tirumangalam, Madurai District, Tamil Nadu, India, 625712.

  • What is the corporate identification number (CIN) and company number of Paramount Textile Mills Private Limited?

    The corporate identification number (CIN) of Paramount Textile Mills Private Limited is U17111TN1979PTC007748 and the company number is 007748 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Paramount Textile Mills Private Limited?

    The Official website of Paramount Textile Mills Private Limited is https://www.paramounttextiles.net

  • What has been the recent revenue trend for Paramount Textile Mills Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Paramount Textile Mills Private Limited has risen by 4.07%.

  • How many employees does Paramount Textile Mills Private Limited currently have?

    As Per 2023 financial reports, 528 employees are currently employed by Paramount Textile Mills Private Limited.

  • What change has been observed in the net worth of Paramount Textile Mills Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Paramount Textile Mills Private Limited has experienced an upsurge of 20.06%.

  • What are the total open charges for Paramount Textile Mills Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Paramount Textile Mills Private Limited amount to ₹ 66.86 Cr.

  • When was the last Balance Sheet of Paramount Textile Mills Private Limited filed with the ROC?

    The most recent Balance Sheet for Paramount Textile Mills Private Limited was filed with the ROC on 31 Mar 2023.

People also Viewed

Similar Companies Based on Textile & Fabric Production