Siddhi Cotspin Profile
Key Indicators
- Authorised Capital ₹ 24.90 Cr
- Paid Up Capital ₹ 19.46 Cr
- Company Age 9 Year, 3 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 289.81 Cr
- Satisfied Charges ₹ 26.45 Cr
- Revenue Growth -50.41%
- Profit Growth -32.13%
- Ebitda -23.29%
- Net Worth 9.41%
- Total Assets -8.64%
About Siddhi Cotspin
Siddhi Cotspin Limited (SCL) is a Public Limited Indian Non-Government Company incorporated in India on 23 November 2015 (Nine years and three months 1 days old ). Its registered office is in Ahmedabad, Gujarat, India.
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 24.90 Cr and a paid-up capital of Rs 19.46 Cr.
The company currently has active open charges totaling ₹289.81 Cr. The company has closed loans amounting to ₹26.45 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Siddhi Cotspin Limited India are Asha Parmar as COMPANY SECRETARY and Vardhaman Shah as Cfo. Navin Saraogi, Sumitkumar Patel, Drashti Solanki, and Two other members serve as directors at the Company.
Company Details
- Location
Ahmedabad, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U17123GJ2015PLC085135
- Company No.
085135
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
23 Nov 2015
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Who are the key members and board of directors at Siddhi Cotspin?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Navin Saraogi  | Managing Director | 23-Nov-2015 | Current |
| Asha Parmar | Company Secretary | 25-Sep-2024 | Current |
| Vardhaman Shah | CFO | 11-Jan-2024 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sumitkumar Patel | Director | 24-Jan-2024 | Current |
| Drashti Solanki | Director | 24-Jan-2024 | Current |
| Aayush Shah | Director | 24-Jan-2024 | Current |
| Aansh Bindal | Whole-Time Director | Current |
Financial Performance of Siddhi Cotspin.
Siddhi Cotspin Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 50.41% decrease. The company also saw a substantial fall in profitability, with a 32.13% decrease in profit. The company's net worth moved up by a moderate rise of 9.41%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Siddhi Cotspin?
In 2023, Siddhi Cotspin had a promoter holding of 85.15% and a public holding of 14.85%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Shivtex Spinning Private LimitedNavin Saraogi is a mutual person
Astron Multigrain LimitedDrashti Solanki is a mutual person
Apex Infralink LimitedDrashti Solanki is a mutual person
Virtuoso Optoelectronics LimitedDrashti Solanki is a mutual person
3B Films LimitedDrashti Solanki is a mutual person
H.M. Electro Mech LimitedAayush Shah is a mutual person
Charges (Loans)
₹289.81 Cr
₹26.45 Cr
Charges Breakdown by Lending Institutions
- Others : 151.92 Cr
- State Bank Of India : 137.89 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Sep 2023 | Others | ₹14.03 Cr | Open |
| 03 May 2017 | Others | ₹137.89 Cr | Open |
| 03 May 2017 | State Bank Of India | ₹137.89 Cr | Open |
| 06 Feb 2024 | State Bank Of India | ₹6.00 Cr | Satisfied |
| 29 Dec 2021 | Others | ₹15.45 Cr | Satisfied |
How Many Employees Work at Siddhi Cotspin?
Siddhi Cotspin has a workforce of 204 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Siddhi 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 Siddhi Cotspin'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.
