Sitalakshmi Mills Profile
Key Indicators
- Authorised Capital ₹ 20.00 Cr
- Paid Up Capital ₹ 15.50 Cr
- Company Age 68 Year, 10 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 8.07 Cr
- Satisfied Charges ₹ 46.75 Cr
- Revenue Growth -53.49%
- Profit Growth -175.84%
- Ebitda -9.21%
- Net Worth -3.47%
- Total Assets -3.58%
About Sitalakshmi Mills
Sitalakshmi Mills Limited (SML) was founded in India on 17 March 1956 and has a glorious history of 68 years and ten months.Its registered office is in Madurai, Tamil Nadu, 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 20.00 Cr and a paid-up capital of Rs 15.50 Cr.
The company currently has active open charges totaling ₹8.07 Cr. The company has closed loans amounting to ₹46.75 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Sitalakshmi Mills Limited India are Ankit Kumar as COMPANY SECRETARY and Rahul Kanodia as Cfo. Santosh Kanodia, Rahul Kanodia, Rohit Kanodia, and One other member serve as directors at the Company.
Company Details
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Location
Madurai, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
U17111TN1956PLC003364
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Company No.
003364
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
17 Mar 1956
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Unlisted
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ROC Code
Roc Chennai
Industry
Who are the key members and board of directors at Sitalakshmi Mills?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rahul Kanodia
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Managing Director | 23-Sep-2010 | Current |
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Rohit Kanodia
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Managing Director | 23-Sep-2010 | Current |
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Ankit Kumar
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Company Secretary | 01-Jun-2021 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
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Santosh Kanodia
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Director | 27-Feb-2008 | Current |
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Govindkumargupta
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Director | 30-Nov-2021 | Current |
Financial Performance of Sitalakshmi Mills.
Sitalakshmi Mills Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 53.49% decrease. The company also saw a substantial fall in profitability, with a 175.84% decrease in profit. The company's net worth dipped by a decrease of 3.47%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Sitalakshmi Mills?
In 2023, Sitalakshmi Mills had a promoter holding of 68.89% and a public holding of 31.11%. The company had 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Sumukha Entertainment Private LimitedRahul Kanodia and Rohit Kanodia are mutual person
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Sumukha Bodhitree Entertainment Private LimitedRahul Kanodia and Rohit Kanodia are mutual person
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Sholingur Textiles LimitedSantosh Kanodia is a mutual person
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Bodhi Tree Multimedia LimitedRahul Kanodia is a mutual person
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Madras Spinners LimitedSantosh Kanodia and Govindkumargupta are mutual person
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Sumukha Green Tech Aviation Limited
Santosh Kanodia and Rohit Kanodia are mutual person
Charges (Loans)
₹8.07 Cr
₹46.75 Cr
Charges Breakdown by Lending Institutions
- Industrial Development Bank Of India : 2.48 Cr
- The Industrial Credit & Investment Corporation India Ltd : 2.00 Cr
- Industrial Development Bank Of India : 1.00 Cr
- The Industrial Credit & Investment Corporation Of India Ltd : 0.96 Cr
- The Standard Chartered Bank : 0.50 Cr
- Others : 1.13 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Mar 1995 | The Industrial Credit & Investment Corporation India Ltd | ₹2.00 Cr | Open |
| 22 Feb 1993 | Industrial Development Bank Of India | ₹1.87 Cr | Open |
| 15 Mar 1991 | The Industrial Credit & Investment Corporation Of India Ltd | ₹3.60 M | Open |
| 26 Oct 1990 | Industrial Development Bank Of India | ₹1.00 Cr | Open |
| 03 Aug 1989 | The Industrial Credit & Investment Corporation Of India Ltd | ₹6.00 M | Open |
How Many Employees Work at Sitalakshmi Mills?
Sitalakshmi Mills has a workforce of 0 employees as of Apr 05, 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 Sitalakshmi Mills, 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 Sitalakshmi Mills'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.
