Salona Cotspin Limited

Textile company producing and selling cotton yarn, fabrics, and garments domestically and internationally.

1994 | Coimbatore, Tamil Nadu (India) | Active
Last Updated:

Salona Cotspin Profile

Key Indicators

  • Authorised Capital ₹ 6.00 Cr
  • Paid Up Capital ₹ 5.26 Cr
  • Company Age 31 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 778.33 Cr
  • Satisfied Charges ₹ 57.87 Cr
  • Revenue Growth -24.71%
  • Profit Growth -11.22%
  • Ebitda -6.85%
  • Net Worth 29.59%
  • Total Assets 18.52%

About Salona Cotspin

Salona Cotspin Limited (SCL) is a leading Public Limited Indian Non-Government Company incorporated in India on 18 January 1994 and has a history of 31 years and one month. Its registered office is in Coimbatore, Tamil Nadu, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 590056 and on the National Stock Exchange(NSE) under SALONA.

The Corporate was formerly known as Salona Cotspin Pvt 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 6.00 Cr and a paid-up capital of Rs 5.26 Cr.

The company currently has active open charges totaling ₹778.33 Cr. The company has closed loans amounting to ₹57.87 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Salona Cotspin Limited India are Punai Ravishankar as COMPANY SECRETARY and Selvaraj Subbiah as Cfo. Raghav Agarwal, Prabhu, Arunkumar Jhajharia, and Five other members serve as directors at the Company.

Company Details

  • Location

    Coimbatore, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    salonacotspin.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    L17111TZ1994PLC004797

  • Company No.

    004797

  • Stock Symbol

    BSE : 590056 NSE : SALONA

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    18 Jan 1994

  • Date of AGM

    25 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Listed

  • ROC Code

    Roc Coimbatore

Industry

Manufacturing

What products or services does Salona Cotspin Limited offer?

Salona Cotspin Limited offers a wide range of products and services, including Cotton Yarn, Open End Cotton Yarn, Dyed Cotton Yarn, Spun Yarn, Combed Ring Spun Yarn, Compact Cotton Yarn, Apparel Fabrics & Clothing Textiles, Cotton Textile, Fabric, Ladies Lower.

Who are the key members and board of directors at Salona Cotspin?

Executive Team (4)

NameDesignationAppointment DateStatus
Punai Ravishankar Country flag representing In Company Secretary23-Aug-2024Current
Selvaraj Subbiah Country flag representing In CFO11-Aug-2014Current
Manoj Jhajharia Country flag representing In Managing Director26-Sep-1998Current
Shyam Agarwala Country flag representing In Managing Director18-Jan-1997Current

Board Members (6)

NameDesignationAppointment DateStatus
Hari Ganesh Country flag representing In Director 25-Jun-2020Current
Arunkumar Jhajharia Country flag representing In Director 12-Feb-2018Current
Raghav Agarwal Country flag representing In Director 14-Nov-2022Current
Prabhu Country flag representing In Director 14-Nov-2022Current
Dhiresh Jayasi Country flag representing In Director 25-Jul-2014Current
Meenakumari Shanmugam Country flag representing In Director 30-Mar-2015Current

Financial Performance of Salona Cotspin.

Salona Cotspin Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 24.71% decrease. The company also saw a substantial fall in profitability, with a 11.22% decrease in profit. The company's net worth Soared by an impressive increase of 29.59%.

Salona Cotspin revenue growth over time
Salona Cotspin 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
-24.71%
Revenue from Operations
-24.75%
Total Assets
18.52%
Profit or Loss
-11.22%
Net Worth
29.59%
EBITDA
-6.85%

What is the Ownership and Shareholding Structure of Salona Cotspin?

In 2023, Salona Cotspin had a promoter holding of 67.09% and a public holding of 32.90%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹778.33 Cr

Satisfied Charges

₹57.87 Cr

Charges Breakdown by Lending Institutions

  • Others : 519.72 Cr
  • Hdfc Bank Limited : 197.93 Cr
  • State Bank Of India : 60.67 Cr

Latest Charge Details

DateLenderAmountStatus
31 Aug 2024Hdfc Bank Limited₹2.25 MOpen
26 Apr 2024Others₹9.50 CrOpen
25 Mar 2024Others₹8.62 CrOpen
29 Sep 2023Hdfc Bank Limited₹51.00 CrOpen
22 Aug 2023Hdfc Bank Limited₹1.76 MOpen

How Many Employees Work at Salona Cotspin?

Salona Cotspin has a workforce of 380 employees as of Apr 04, 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 Salona Cotspin Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Salona Cotspin, 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 Salona Cotspin'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 Salona Cotspin

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.23 Cr with Charge ID 100980049 was registered on 31 Aug 2024.

  • Director Appointment

    Punai Srinivasan Ravishankar was appointed as a Company Secretary was appointed as a Company Secretary on 23 Aug 2024 & has been associated with this company since 6 months 12 days .

  • Charges

    A charge with Others amounted to Rs. 9.50 Cr with Charge ID 100918128 was registered on 26 Apr 2024.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 51.00 Cr registered on 29 Sep 2023 with Charge ID 100793018 was modified on 10 Apr 2024.

  • Charges

    A charge with Others amounted to Rs. 8.62 Cr with Charge ID 100898681 was registered on 25 Mar 2024.

  • Charges

    A charge with Others of Rs. 8.62 Cr registered on 25 Mar 2024 with Charge ID 100898681 was modified on 25 Mar 2024.

Frequently asked questions

  • What is the Incorporation or founding date of Salona Cotspin Limited?

    Salona Cotspin Limited was incorporated on 18 Jan 1994.

  • What is authorized share capital and paid-up capital of Salona Cotspin Limited?

    The authorized share capital of Salona Cotspin Limited is ₹ 6.00 Cr and paid-up capital is ₹ 5.26 Cr.

  • Who are the current board members & directors of Salona Cotspin Limited?

    Currently 10 directors are associated with Salona Cotspin Limited.

    • Punai Srinivasan Ravishankar
    • Selvaraj Subbiah
    • Raghav Agarwal
    • Prabhu
    • Arunkumar Jhajharia
    • Manoj Kumar Jhajharia
    • Shyam Lal Agarwala
    • Hari Desikan Ganesh
    • Dhiresh Jayasi
    • Meenakumari Shanmugam

  • What is the registered address of Salona Cotspin Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Salona Cotspin Limited is Sf No 74/12 75/3Sathy Road Poongampalli Village India, Sathyamangalam, Tamil Nadu, 638402.

  • What is the corporate identification number (CIN) and company number of Salona Cotspin Limited?

    The corporate identification number (CIN) of Salona Cotspin Limited is L17111TZ1994PLC004797 and the company number is 004797 as per Ministry of Corporate Affairs (MCA).

  • Is Salona Cotspin Limited registered with any stock exchange in India?

    Yes, Salona Cotspin Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): SALONA.

  • What is the official website of Salona Cotspin Limited?

    The Official website of Salona Cotspin Limited is https://www.salonacotspin.com

  • What has been the recent revenue trend for Salona Cotspin Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Salona Cotspin Limited has fallen by -24.71%.

  • How many employees does Salona Cotspin Limited currently have?

    As Per 2023 financial reports, 380 employees are currently employed by Salona Cotspin Limited.

  • What change has been observed in the net worth of Salona Cotspin Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Salona Cotspin Limited has experienced an upsurge of 29.59%.

  • What are the total open charges for Salona Cotspin Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Salona Cotspin Limited amount to ₹ 778.33 Cr.

  • When was the last Balance Sheet of Salona Cotspin Limited filed with the ROC?

    The most recent Balance Sheet for Salona Cotspin Limited was filed with the ROC on 31 Mar 2023.

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