Southern Petrochemical Industries Corporation Profile
Key Indicators
- Authorised Capital ₹ 425.00 Cr
- Paid Up Capital ₹ 203.64 Cr
- Company Age 55 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 916.00 Cr
- Satisfied Charges ₹ 3,580.25 Cr
- Revenue Growth 22.03%
- Profit Growth 170.85%
- Ebitda 149.39%
- Net Worth 33.59%
- Total Assets -2.67%
About Southern Petrochemical Industries Corporation
Southern Petrochemical Industries Corporation Limited (SPICL) was founded in India on 18 December 1969 and has a glorious history of 55 years and three months. Its registered office is in Chennai, Tamil Nadu, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 590030 and on the National Stock Exchange(NSE) under SPIC.
The Company is engaged in the Agriculture 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 425.00 Cr and a paid-up capital of Rs 203.64 Cr.
The company currently has active open charges totaling ₹916.00 Cr. The company has closed loans amounting to ₹3,580.25 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Southern Petrochemical Industries Corporation Limited India are K Anandan as CFO and M Ganesh as Company Secretary. Sivathanu Radhakrishnan, Ashwin Chidambaram, Debendranath Sarangi, and Eight other members serve as directors at the Company.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
Agriculture
What products or services does Southern Petrochemical Industries Corporation Limited offer?
Southern Petrochemical Industries Corporation Limited offers a wide range of products and services, including Textile Chemical.
Who are the key members and board of directors at Southern Petrochemical Industries Corporation?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
K Anandan  | CFO | 01-Jul-2016 | Current |
| M Ganesh | Company Secretary | 01-Apr-2013 | Current |
Board Members (11)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sivathanu Radhakrishnan | Director | 07-Feb-2018 | Current |
| Ekamurthy Balu | Whole-Time Director | 30-Jul-2023 | Current |
| Debendranath Sarangi | Director | 23-May-2019 | Current |
Ashwin Chidambaram  | Director | 18-Dec-1994 | Current |
| Thanjavur Arun | Director | 07-Feb-2018 | Current |
| Apoorva | Nominee Director | 16-May-2024 | Current |
Financial Performance of Southern Petrochemical Industries Corporation.
Southern Petrochemical Industries Corporation Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 22.03% increase. The company also saw a substantial improvement in profitability, with a 170.85% increase in profit. The company's net worth Soared by an impressive increase of 33.59%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Southern Petrochemical Industries Corporation?
In 2022, Southern Petrochemical Industries Corporation had a promoter holding of 48.88% and a public holding of 51.12%. The company had 2 Joint Ventures and 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Titan Company LimitedSandeep Nanduri is a mutual person
Tidel Park Coimbatore LimitedSandeep Nanduri is a mutual person
Tamilnadu Trade Promotion OrganisationSandeep Nanduri is a mutual person
Tamilnadu Civil Supplies CorporationApoorva is a mutual person
State Industries Promotion Corporation Of Tamilnadu LimitedSandeep Nanduri is a mutual person
Spic Officers And Staff Welfare FoundationEkamurthy Balu is a mutual person
Charges (Loans)
Open Charges
₹916.00 Cr
Satisfied Charges
₹3,580.25 Cr
Charges Breakdown by Lending Institutions
- Others : 695.00 Cr
- Hdfc Bank Limited : 146.00 Cr
- Yes Bank Limited : 75.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Nov 2024 | Others | ₹50.00 Cr | Open |
| 24 Oct 2024 | Others | ₹100.00 Cr | Open |
| 27 Mar 2024 | Others | ₹50.00 Cr | Open |
| 25 Sep 2023 | Others | ₹300.00 Cr | Open |
| 22 Sep 2023 | Yes Bank Limited | ₹75.00 Cr | Open |
How Many Employees Work at Southern Petrochemical Industries Corporation?
Southern Petrochemical Industries Corporation has a workforce of 682 employees as of Apr 07, 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 Southern Petrochemical Industries Corporation, 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 Southern Petrochemical Industries Corporation'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 Southern Petrochemical Industries Corporation
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101009530 was registered on 12 Nov 2024.
- Charges
A charge with Others amounted to Rs. 100.00 Cr with Charge ID 101002844 was registered on 24 Oct 2024.
- Annual General Meeting
Southern Petrochemical Industries Corporation Limited last Annual general meeting of members was held on 19 Sep 2024 as per latest MCA records.
- Director Appointment
Latha Ramanathan was appointed as a Director was appointed as a Director on 08 Sep 2024 & has been associated with this company since 6 months 22 days .
- Director Appointment
Batchu Sai Purshotham was appointed as a Director was appointed as a Director on 08 Sep 2024 & has been associated with this company since 6 months 22 days .
- Charges
A charge with Others of Rs. 30.00 Cr registered on 03 May 2023 with Charge ID 100715110 was modified on 30 Aug 2024.
Recent News, Updates & Announcement
- SPIC Ltd to Invest R1,900 Crore in Green Ammonia Plant and Other Projects, Demonstrating Commitment to Sustainability and Job Creation.
SPIC Ltd plans to invest R1,900 crore in the next 2 years for a Green Ammonia plant, expanding its urea plant, and other projects. Its subsidiary, Greenstar Fertilizers, will invest Rs 640 crore in a WSF Mixing plant and other plants. Tuticorin Alkali Chemicals and Fertilizers will also establish a plant, bringing the total investment to R1,900 crore. These investments show SPIC's commitment to sustainability and responsible business practices. The company made these pledges during GIM 2024, which will create jobs in the state. Follow The New Indian Express on WhatsApp for updates..
Frequently asked questions
What is the Incorporation or founding date of Southern Petrochemical Industries Corporation Limited?
Southern Petrochemical Industries Corporation Limited was incorporated on 18 Dec 1969.
What is authorized share capital and paid-up capital of Southern Petrochemical Industries Corporation Limited?
The authorized share capital of Southern Petrochemical Industries Corporation Limited is ₹ 425.00 Cr and paid-up capital is ₹ 203.64 Cr.
Who are the current board members & directors of Southern Petrochemical Industries Corporation Limited?
Currently 13 directors are associated with Southern Petrochemical Industries Corporation Limited.
- Sivathanu Pillai Radhakrishnan
- Ashwin Muthiah Chidambaram
- Debendranath Sarangi
- Thanjavur Kanakaraj Arun
- Apoorva
- Rita Chandrasekar
- Latha Ramanathan
- Sandeep Nanduri
- Batchu Sai Purshotham
- K R Anandan
- M B Ganesh
- Devaki Ashwin Muthiah
- Ekamurthy Balu
What is the registered address of Southern Petrochemical Industries Corporation Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Southern Petrochemical Industries Corporation Limited is Spichouse 88Mountroad, Guindy India, Chennai, Tamil Nadu, 600032.
What is the corporate identification number (CIN) and company number of Southern Petrochemical Industries Corporation Limited?
The corporate identification number (CIN) of Southern Petrochemical Industries Corporation Limited is L11101TN1969PLC005778 and the company number is 005778 as per Ministry of Corporate Affairs (MCA).
Is Southern Petrochemical Industries Corporation Limited registered with any stock exchange in India?
Yes, Southern Petrochemical Industries Corporation Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): SPIC.
What is the official website of Southern Petrochemical Industries Corporation Limited?
The Official website of Southern Petrochemical Industries Corporation Limited is https://www.spic.in
What has been the recent revenue trend for Southern Petrochemical Industries Corporation Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Southern Petrochemical Industries Corporation Limited has risen by 22.03%.
How many employees does Southern Petrochemical Industries Corporation Limited currently have?
As Per 2022 financial reports, 682 employees are currently employed by Southern Petrochemical Industries Corporation Limited.
What change has been observed in the net worth of Southern Petrochemical Industries Corporation Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Southern Petrochemical Industries Corporation Limited has experienced an upsurge of 33.59%.
What are the total open charges for Southern Petrochemical Industries Corporation Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Southern Petrochemical Industries Corporation Limited amount to ₹ 916.00 Cr.
When was the last Balance Sheet of Southern Petrochemical Industries Corporation Limited filed with the ROC?
The most recent Balance Sheet for Southern Petrochemical Industries Corporation Limited was filed with the ROC on 31 Mar 2024.
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