Sathy Silks Private Limited

Textile retail company specializing in manufacturing and selling various types of textiles and garments.

2006 | Tirupur, Tamil Nadu (India) | Active
Last Updated:

Sathy Silks Profile

Key Indicators

  • Authorised Capital ₹ 14.50 Cr
  • Paid Up Capital ₹ 14.29 Cr
  • Company Age 18 Year, 7 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 590.21 Cr
  • Satisfied Charges ₹ 80.00 Cr
  • Revenue Growth 149.04%
  • Profit Growth -20.02%
  • Ebitda 77.38%
  • Net Worth 13.66%
  • Total Assets 203.49%

About Sathy Silks

Sathy Silks Private Limited (SSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 21 July 2006 and has a history of 18 years and seven months. Its registered office is in Tirupur, Tamil Nadu, India.

The Corporate was formerly known as Gercy Silks Private Limited. The Company is engaged in the Home & Lifestyle 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 14.50 Cr and a paid-up capital of Rs 14.29 Cr.

The company currently has active open charges totaling ₹590.21 Cr. The company has closed loans amounting to ₹80.00 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Sathy Silks Private Limited India is Sukumar Saranya as COMPANY SECRETARY. Nachammal Nandhagopal, Anandhi, Kulandaivel Devi, and Three other members serve as directors at the Company.

Company Details

  • Location

    Tirupur, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    thechennaisilks.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U18101TZ2006PTC012950

  • Company No.

    012950

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    21 Jul 2006

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Home & Lifestyle

Who are the key members and board of directors at Sathy Silks?

Executive Team (2)

NameDesignationAppointment DateStatus
Nachammal Nandhagopal Country flag representing In Managing Director21-Jul-2006Current
Sukumar Saranya Company Secretary10-Jan-2023Current

Board Members (5)

NameDesignationAppointment DateStatus
Anandhi Country flag representing In Director 21-Jul-2006Current
Kulandaivel Devi Country flag representing In Director 12-Dec-2016Current
Nandhagopal Priyanka Country flag representing In Director 12-Dec-2016Current
Tiruppur Keerthika Country flag representing In Director 25-May-2018Current
Karthikeyan Ganesan Country flag representing In Director 19-May-2023Current

Financial Performance of Sathy Silks.

Sathy Silks Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 149.04% increase. The company also saw a substantial fall in profitability, with a 20.02% decrease in profit. The company's net worth Soared by an impressive increase of 13.66%.

Sathy Silks revenue growth over time
Sathy Silks 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
149.04%
Revenue from Operations
157.05%
Total Assets
203.49%
Profit or Loss
-20.02%
Net Worth
13.66%
EBITDA
77.38%

What is the Ownership and Shareholding Structure of Sathy Silks?

In 2023, Sathy Silks 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

₹590.21 Cr

Satisfied Charges

₹80.00 Cr

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 590.21 Cr

Latest Charge Details

DateLenderAmountStatus
10 Oct 2022Hdfc Bank Limited₹22.00 CrOpen
23 Feb 2022Hdfc Bank Limited₹23.71 CrOpen
23 Feb 2022Hdfc Bank Limited₹100.00 CrOpen
12 Oct 2018Hdfc Bank Limited₹7.00 CrOpen
01 Feb 2018Hdfc Bank Limited₹80.00 CrOpen

How Many Employees Work at Sathy Silks?

Sathy Silks has a workforce of 1947 employees as of Mar 30, 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 Sathy Silks Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Sathy Silks, 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 Sathy Silks'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 Sathy Silks

Recent activity within the organization

  • Annual General Meeting

    Sathy Silks Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Sathy Silks Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 22.00 Cr registered on 10 Oct 2022 with Charge ID 100628479 was modified on 27 Mar 2023.

  • Charges

    A charge with Hdfc Bank Limited of Rs. 205.00 Cr registered on 27 Sep 2013 with Charge ID 10458633 was modified on 27 Mar 2023.

  • Charges

    A charge registered on 18 Apr 2017 via Charge ID 100101859 with Hdfc Bank Limited was fully satisfied on 28 Feb 2023.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 22.00 Cr with Charge ID 100628479 was registered on 10 Oct 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Sathy Silks Private Limited?

    Sathy Silks Private Limited was incorporated on 21 Jul 2006.

  • What is authorized share capital and paid-up capital of Sathy Silks Private Limited?

    The authorized share capital of Sathy Silks Private Limited is ₹ 14.50 Cr and paid-up capital is ₹ 14.29 Cr.

  • Who are the current board members & directors of Sathy Silks Private Limited?

    Currently 7 directors are associated with Sathy Silks Private Limited.

    • Nachammal Kulandaivel Nandhagopal
    • Anandhi
    • Kulandaivel Nandhagopal Gayathri Devi
    • Nandhagopal Rajalakshmi Priyanka
    • Tiruppur Nandhagopal Janani Keerthika
    • Karthikeyan Ganesan
    • Sukumar Umarani Saranya

  • What is the registered address of Sathy Silks Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Sathy Silks Private Limited is 6/12 College Road Ist Cross, Tirupur, Tamil Nadu, India, 641602.

  • What is the corporate identification number (CIN) and company number of Sathy Silks Private Limited?

    The corporate identification number (CIN) of Sathy Silks Private Limited is U18101TZ2006PTC012950 and the company number is 012950 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Sathy Silks Private Limited?

    The Official website of Sathy Silks Private Limited is https://www.thechennaisilks.com

  • What has been the recent revenue trend for Sathy Silks Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Sathy Silks Private Limited has risen by 149.04%.

  • How many employees does Sathy Silks Private Limited currently have?

    As Per 2023 financial reports, 1947 employees are currently employed by Sathy Silks Private Limited.

  • What change has been observed in the net worth of Sathy Silks Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Sathy Silks Private Limited has experienced an upsurge of 13.66%.

  • What are the total open charges for Sathy Silks Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Sathy Silks Private Limited amount to ₹ 590.21 Cr.

  • When was the last Balance Sheet of Sathy Silks Private Limited filed with the ROC?

    The most recent Balance Sheet for Sathy Silks Private Limited was filed with the ROC on 31 Mar 2023.