Siddhi Cotspin Profile
Key Indicators
- Authorised Capital ₹ 24.90 Cr
- Paid Up Capital ₹ 19.46 Cr
- Company Age 9 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 289.81 Cr
- Satisfied Charges ₹ 26.45 Cr
- Revenue Growth 190.75%
- Profit Growth 94.46%
- Ebitda 39.81%
- Net Worth 21.50%
- Total Assets -1.48%
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 five months 29 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 2024. 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 Vardhaman Shah as CFO and Asha Parmar as Company Secretary. Navin Saraogi, Sumitkumar Patel, Aayush Shah, 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 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Manufacturing
Siddhi Cotspin Limited
Explore comprehensive data for Siddhi Cotspin Limited, including financials, compliance details, shareholding patterns, and litigation history.
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 |
| Vardhaman Shah | CFO | 11-Jan-2024 | Current |
| Asha Parmar | Company Secretary | 25-Sep-2024 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sumitkumar Patel | Director | 08-Jan-2024 | Current |
| Aayush Shah | Director | 08-Jan-2024 | Current |
| Aansh Bindal | Whole-Time Director | 21-Dec-2023 | Current |
| Drashti Solanki | Director | 08-Jan-2024 | Current |
Financial Performance of Siddhi Cotspin.
Siddhi Cotspin Limited, for the financial year ended 2024, experienced significant growth in revenue, with a 190.75% increase. The company also saw a substantial improvement in profitability, with a 94.46% increase in profit. The company's net worth Soared by an impressive increase of 21.5%.
- 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 2024, Siddhi Cotspin had a promoter holding of 79.07% and a public holding of 20.93%. 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)
Open Charges
₹289.81 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Siddhi Cotspin
Recent activity within the organization
- Annual General Meeting
Siddhi Cotspin Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Director Appointment
Asha Bhavabhai Parmar was appointed as a Company Secretary was appointed as a Company Secretary on 25 Sep 2024 & has been associated with this company since 7 months 26 days .
- Charges
A charge registered on 06 Feb 2024 via Charge ID 100874391 with State Bank Of India was fully satisfied on 23 Sep 2024.
- Balance Sheet
Siddhi Cotspin Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Charges
A charge with State Bank Of India amounted to Rs. 6.00 Cr with Charge ID 100874391 was registered on 06 Feb 2024.
- Director Appointment
Vardhaman Parimalkumar Shah was appointed as a Cfo was appointed as a Cfo on 11 Jan 2024 & has been associated with this company since 1 year 4 months .
Frequently asked questions
What is the Incorporation or founding date of Siddhi Cotspin Limited?
Siddhi Cotspin Limited was incorporated on 23 Nov 2015.
What is authorized share capital and paid-up capital of Siddhi Cotspin Limited?
The authorized share capital of Siddhi Cotspin Limited is ₹ 24.90 Cr and paid-up capital is ₹ 19.46 Cr.
Who are the current board members & directors of Siddhi Cotspin Limited?
Currently 7 directors are associated with Siddhi Cotspin Limited.
- Navin Saraogi
- Sumitkumar Jayantibhai Patel
- Aayush Kamleshbhai Shah
- Vardhaman Parimalkumar Shah
- Aansh Rajesh Bindal
- Drashti Laxmikant Solanki
- Asha Bhavabhai Parmar
What is the registered address of Siddhi Cotspin Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Siddhi Cotspin Limited is Survey 279 280 Unit No.13 Sub Plot No. 18 Sector 3 Of Dholi Integrated Spinning Pa Rk, India, Ahmedabad, Gujarat, 382240.
What is the corporate identification number (CIN) and company number of Siddhi Cotspin Limited?
The corporate identification number (CIN) of Siddhi Cotspin Limited is U17123GJ2015PLC085135 and the company number is 085135 as per Ministry of Corporate Affairs (MCA).
What is the official website of Siddhi Cotspin Limited?
The Official website of Siddhi Cotspin Limited is https://www.siddhicotspin.com
What has been the recent revenue trend for Siddhi Cotspin Limited?
According to the financial reports for the fiscal year 2024, the revenue trend for Siddhi Cotspin Limited has risen by 190.75%.
How many employees does Siddhi Cotspin Limited currently have?
As Per 2024 financial reports, 204 employees are currently employed by Siddhi Cotspin Limited.
What change has been observed in the net worth of Siddhi Cotspin Limited, and by what percentage?
The financial reports for the fiscal year 2024 indicates that The net worth of Siddhi Cotspin Limited has experienced an upsurge of 21.50%.
What are the total open charges for Siddhi Cotspin Limited?
As per the financial statements for fiscal Year 2024, The total open charges for Siddhi Cotspin Limited amount to ₹ 289.81 Cr.
When was the last Balance Sheet of Siddhi Cotspin Limited filed with the ROC?
The most recent Balance Sheet for Siddhi Cotspin Limited was filed with the ROC on 31 Mar 2024.
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