Pioneer Spinning And Weavings Mills Ltd
Cotton yarn spinning in Andhra Pradesh since 1979.
1979 | Chittoor, Andhra Pradesh (India) | Active
Pioneer Spinning And Weavings Mills Profile
Key Indicators
- Authorised Capital ₹ 2.00 Cr
- Paid Up Capital ₹ 1.00 Cr
- Company Age 45 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 23.85 Cr
- Satisfied Charges ₹ 41.52 Cr
- Revenue Growth -45.13%
- Profit Growth -311.89%
- Ebitda -85.28%
- Net Worth -72.24%
- Total Assets -29.91%
About Pioneer Spinning And Weavings Mills
Pioneer Spinning And Weavings Mills Ltd (PSAWML) is a leading Public Limited Indian Non-Government Company incorporated in India on 09 October 1979 and has a history of 45 years and five months. Its registered office is in Chittoor, Andhra Pradesh, India.
The Corporate was formerly known as Putthur Textiles Ltd. 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 2.00 Cr and a paid-up capital of Rs 1.00 Cr.
The company currently has active open charges totaling ₹23.85 Cr. The company has closed loans amounting to ₹41.52 Cr, as per Ministry of Corporate Affairs (MCA) records.
Basaveswara Kakumani, Tara Kakumanu, and Beena Kosaraju serve as directors at the Company.
Company Details
- Location
Chittoor, Andhra Pradesh, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U18100AP1979PLC002546
- Company No.
002546
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
09 Oct 1979
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Vijayawada
Industry
Manufacturing
Who are the key members and board of directors at Pioneer Spinning And Weavings Mills?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Beena Kosaraju  | Managing Director | 06-Sep-2005 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Basaveswara Kakumani | Director | 21-Nov-2022 | Current |
| Tara Kakumanu | Director | 27-Oct-2016 | Current |
Financial Performance of Pioneer Spinning And Weavings Mills.
Pioneer Spinning And Weavings Mills Ltd, for the financial year ended 2023, experienced significant reduction in revenue, with a 45.13% decrease. The company also saw a substantial fall in profitability, with a 311.89% decrease in profit. The company's net worth observed a substantial decline by a decrease of 72.24%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Pioneer Spinning And Weavings Mills?
In 2023, Pioneer Spinning And Weavings Mills had a promoter holding of 38.29% and a public holding of 61.72%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Kpost Software Private LimitedTara Kakumanu is a mutual person
- Kakuman Consultants Private Limited
Tara Kakumanu is a mutual person
- Pioneer Concrete Blocks Private Limited
Tara Kakumanu is a mutual person
- Pioneer Building Syndicate Private Limited
Tara Kakumanu is a mutual person
- Perungudi Developers Private Limited
Tara Kakumanu is a mutual person
- Madras Township Developers Private Limited
Tara Kakumanu is a mutual person
Charges (Loans)
Open Charges
₹23.85 Cr
Satisfied Charges
₹41.52 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 12.93 Cr
- Andhra Bank : 6.92 Cr
- A. P. Industrial Development Corpn. Ltd. : 2.72 Cr
- Andhra Pradesh Industrial Development Corpn. Ltd. : 1.27 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jun 2022 | Hdfc Bank Limited | ₹12.93 Cr | Open |
| 03 May 1995 | Andhra Bank | ₹6.90 Cr | Open |
| 13 Mar 1992 | Andhra Pradesh Industrial Development Corpn. Ltd. | ₹3.70 M | Open |
| 28 Sep 1989 | A. P. Industrial Development Corpn. Ltd. | ₹2.72 Cr | Open |
| 20 Apr 1985 | Andhra Pradesh Industrial Development Corpn. Ltd. | ₹3.42 M | Open |
How Many Employees Work at Pioneer Spinning And Weavings Mills?
Unlock and access historical data on people associated with Pioneer Spinning And Weavings Mills, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Pioneer Spinning And Weavings 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 Pioneer Spinning And Weavings Mills'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 Pioneer Spinning And Weavings Mills
Recent activity within the organization
- Annual General Meeting
Pioneer Spinning And Weavings Mills Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Pioneer Spinning And Weavings Mills Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.
- Director Appointment
Basaveswara Rao Kakumani was appointed as a Director was appointed as a Director on 21 Nov 2022 & has been associated with this company since 2 years 3 months .
- Charges
A charge with Hdfc Bank Limited of Rs. 12.93 Cr registered on 17 Jun 2022 with Charge ID 100594167 was modified on 15 Sep 2022.
- Charges
A charge registered on 05 Sep 2020 via Charge ID 100364132 with Others was fully satisfied on 21 Jul 2022.
- Charges
A charge registered on 18 Jul 2018 via Charge ID 100194267 with Others was fully satisfied on 21 Jul 2022.
Frequently asked questions
What is the Incorporation or founding date of Pioneer Spinning And Weavings Mills Ltd?
Pioneer Spinning And Weavings Mills Ltd was incorporated on 09 Oct 1979.
What is authorized share capital and paid-up capital of Pioneer Spinning And Weavings Mills Ltd?
The authorized share capital of Pioneer Spinning And Weavings Mills Ltd is ₹ 2.00 Cr and paid-up capital is ₹ 1.00 Cr.
Who are the current board members & directors of Pioneer Spinning And Weavings Mills Ltd?
Currently 3 directors are associated with Pioneer Spinning And Weavings Mills Ltd.
- Basaveswara Rao Kakumani
- Tara Keerthi Kakumanu
- Beena Kosaraju
What is the registered address of Pioneer Spinning And Weavings Mills Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Pioneer Spinning And Weavings Mills Ltd is Nandimangalam Villageputtur, Chittoor India, Andhra Pradesh, 517583.
What is the corporate identification number (CIN) and company number of Pioneer Spinning And Weavings Mills Ltd?
The corporate identification number (CIN) of Pioneer Spinning And Weavings Mills Ltd is U18100AP1979PLC002546 and the company number is 002546 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Pioneer Spinning And Weavings Mills Ltd?
According to the financial reports for the fiscal year 2023, the revenue trend for Pioneer Spinning And Weavings Mills Ltd has fallen by -45.13%.
What change has been observed in the net worth of Pioneer Spinning And Weavings Mills Ltd, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Pioneer Spinning And Weavings Mills Ltd has experienced an downturn of -72.24%.
What are the total open charges for Pioneer Spinning And Weavings Mills Ltd?
As per the financial statements for fiscal Year 2023, The total open charges for Pioneer Spinning And Weavings Mills Ltd amount to ₹ 23.85 Cr.
When was the last Balance Sheet of Pioneer Spinning And Weavings Mills Ltd filed with the ROC?
The most recent Balance Sheet for Pioneer Spinning And Weavings Mills Ltd was filed with the ROC on 31 Mar 2024.
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