Sangeeth Textiles Private Limited

Manufactures cotton yarn with 34,000 spindles in Coimbatore, part of Sangeeth Group since 1981.

1981 | Coimbatore, Tamil Nadu (India) | Active
Last Updated: December 20, 2024

Sangeeth Textiles Profile

Key Indicators

  • Authorised Capital ₹ 5.00 Cr
  • Paid Up Capital ₹ 4.00 Cr
  • Company Age 43 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 136.36 Cr
  • Satisfied Charges ₹ 143.12 Cr
  • Revenue Growth -5.11%
  • Profit Growth -17.17%
  • Ebitda 4.07%
  • Net Worth 0.83%
  • Total Assets 10.69%

About Sangeeth Textiles

Sangeeth Textiles Private Limited (STPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 16 March 1981 and has a history of 43 years and ten months. Its registered office is in Coimbatore, Tamil Nadu, India.

The Corporate was formerly known as Sangeeth Textiles 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 5.00 Cr and a paid-up capital of Rs 4.00 Cr.

The company currently has active open charges totaling ₹136.36 Cr. The company has closed loans amounting to ₹143.12 Cr, as per Ministry of Corporate Affairs (MCA) records.

Ellapalayam Elango, Elango Saranyadevi, and Nachimuthu Thangaraj serve as directors at the Company.

Company Details

  • Location

    Coimbatore, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17111TZ1981PTC001030

  • Company No.

    001030

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    16 Mar 1981

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Manufacturing

What products or services does Sangeeth Textiles Private Limited offer?

Sangeeth Textiles Private Limited offers a wide range of products and services, including Yarn, Melange Yarn, Project Feasibility Studies, Market Research Service, Cotton Yarn, Grey Cotton Yarn.

Who are the key members and board of directors at Sangeeth Textiles?

Executive Team (1)

Name Designation Appointment Date Status
Ellapalayam Elango Country flag representing In Managing Director 01-Jan-2007 Current

Board Members (2)

Name Designation Appointment Date Status
Elango Saranyadevi Country flag representing In Director 01-Feb-2013 Current
Nachimuthu Thangaraj Country flag representing In Director 05-Nov-2020 Current

Financial Performance of Sangeeth Textiles.

Sangeeth Textiles Private Limited, for the financial year ended 2021, experienced Minor drop in revenue, with a 5.11% decrease. The company also saw a substantial fall in profitability, with a 17.17% decrease in profit. The company's net worth moved up by a moderate rise of 0.83%.

Graph illustrating revenue growth over time
Graph showing 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
-5.11%
Revenue from Operations
-4.78%
Total Assets
10.69%
Profit or Loss
-17.17%
Net Worth
0.83%
EBITDA
4.07%

What is the Ownership and Shareholding Structure of Sangeeth Textiles?

In 2021, Sangeeth Textiles had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹136.36 Cr

Satisfied Charges

₹143.12 Cr

Charges Breakdown by Lending Institutions

  • The Catholic Syrian Bank Ltd : 46.67 Cr
  • Canara Bank : 43.84 Cr
  • Hdfc Bank Limited : 38.65 Cr
  • Standard Chartered Bank : 4.20 Cr
  • Others : 3.00 Cr

Latest Charge Details

Date Lender Amount Status
31 Aug 2024 The Catholic Syrian Bank Ltd ₹46.67 Cr Open
20 Feb 2024 Hdfc Bank Limited ₹0.87 M Open
30 Nov 2023 Hdfc Bank Limited ₹1.17 Cr Open
13 Jul 2023 Others ₹3.00 Cr Open
07 Nov 2022 Hdfc Bank Limited ₹37.39 Cr Open

How Many Employees Work at Sangeeth Textiles?

Sangeeth Textiles has a workforce of 250 employees as of Apr 10, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Sangeeth Textiles, 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 Sangeeth Textiles'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 Sangeeth Textiles

Recent activity within the organization

  • Annual General Meeting

    Sangeeth Textiles Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Charges

    A charge with The Catholic Syrian Bank Ltd amounted to Rs. 46.67 Cr with Charge ID 100977418 was registered on 31 Aug 2024.

    31 Aug 2024

  • Balance Sheet

    Sangeeth Textiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.

    31 Mar 2024

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 100924111 was registered on 20 Feb 2024.

    20 Feb 2024

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 1.17 Cr with Charge ID 100863151 was registered on 30 Nov 2023.

    30 Nov 2023

  • Charges

    A charge registered on 25 Mar 2019 via Charge ID 100255008 with Axis Bank Limited was fully satisfied on 17 Oct 2023.

    17 Oct 2023

Frequently asked questions

  • Sangeeth Textiles Private Limited was incorporated on 16 Mar 1981.

  • The authorized share capital of Sangeeth Textiles Private Limited is ₹ 5.00 Cr and paid-up capital is ₹ 4.00 Cr.

  • Currently 3 directors are associated with Sangeeth Textiles Private Limited.

    • Ellapalayam Ramasamy Elango
    • Elango Saranyadevi
    • Nachimuthu Thangaraj
  • As per Ministry of Corporate Affairs (Mca), the registered address of Sangeeth Textiles Private Limited is 551Ganesapuram S Kulam Via India, Coimbatore, Tamil Nadu, 641107.

  • The corporate identification number (CIN) of Sangeeth Textiles Private Limited is U17111TZ1981PTC001030 and the company number is 001030 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Sangeeth Textiles Private Limited is https://www.sangeeth.in

  • According to the financial reports for the fiscal year 2021, the revenue trend for Sangeeth Textiles Private Limited has fallen by -5.11%.

  • As Per 2021 financial reports, 250 employees are currently employed by Sangeeth Textiles Private Limited.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Sangeeth Textiles Private Limited has experienced an upsurge of 0.83%.

  • As per the financial statements for fiscal Year 2021, The total open charges for Sangeeth Textiles Private Limited amount to ₹ 136.36 Cr.

  • The most recent Balance Sheet for Sangeeth Textiles Private Limited was filed with the ROC on 31 Mar 2024.

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