Spincotech Profile
Key Indicators
- Authorised Capital ₹ 17.00 Cr
as on 15-06-2024
- Paid Up Capital ₹ 2.29 Cr
as on 15-06-2024
- Company Age 22 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 17.50 Cr
as on 15-06-2024
- Satisfied Charges ₹ 20.74 Cr
as on 15-06-2024
- Revenue 18.67%
(FY 2023)
- Profit 11.85%
(FY 2023)
- Ebitda 4.16%
(FY 2023)
- Net Worth 20.19%
(FY 2023)
- Total Assets 21.36%
(FY 2023)
About Spincotech
The Company is engaged in the Engineering 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 17.00 Cr and a paid-up capital of Rs 2.29 Cr.
The company currently has active open charges totaling ₹17.50 Cr. The company has closed loans amounting to ₹20.74 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Spincotech Private Limited India is Ravikumar Amurthavalli as COMPANY SECRETARY. Janani Thyagarajan, Arvind Thyagarajan, Ravindranath Cherukuri, and One other member serve as directors at the Company.
- CIN/LLPIN
U51507TN2002PTC048571
- Company No.
048571
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
07 Mar 2002
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
- Email Address
- Website
- Social Media
What products or services does Spincotech Private Limited offer?
Spincotech Private Limited offers a wide range of products and services, including Lubrication Systems and Equipment, Grease Tools, Pliers, Screwdrivers & Hammers, Hammers, Analyzers & Analytical Instruments, Chromatographic Analyzer, Building & Construction Machines, Building Tools, High Pressure Liquid Chromatography System, Laboratory & Lab Equipment.
Who are the key members and board of directors at Spincotech?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Thyagarajan Srinivasan  | Managing Director | 07-Mar-2002 | Current |
| Ravikumar Amurthavalli | Company Secretary | 01-Sep-2007 | Current |
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Ravindranath Cherukuri | Whole-Time Director | 24-Sep-2005 | Current |
| Arvind Thyagarajan | Whole-Time Director | 12-Dec-2012 | Current |
| Janani Thyagarajan | Whole-Time Director | 30-Aug-2023 | Current |
Financial Performance of Spincotech.
Spincotech Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 18.67% increase. The company also saw a substantial improvement in profitability, with a 11.85% increase in profit. The company's net worth Soared by an impressive increase of 20.19%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Spincotech?
In 2023, Spincotech had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Spinco Biotech Private LimitedActive 33 years 1 monthJanani Thyagarajan, Arvind Thyagarajan and 2 more are mutual person
First Source Laboratory Solutions LlpActive 14 years 11 daysArvind Thyagarajan, Ravindranath Cherukuri and 1 more are mutual person
Spincotech Systems LlpActive 7 years 9 monthsJanani Thyagarajan, Arvind Thyagarajan and 2 more are mutual person
- Indian Institute Of Chromatography And M Ass Spectrometry LlpActive 14 years 14 days
Arvind Thyagarajan and Thyagarajan Srinivasan are mutual person
- Perfomics Analytical Labs LlpActive 10 years 9 months
Arvind Thyagarajan, Ravindranath Cherukuri and 1 more are mutual person
Charges (Loans)
₹17.50 Cr
₹20.74 Cr
Charges Breakdown by Lending Institutions
- Canara Bank : 10.00 Cr
- Others : 7.50 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Dec 2023 | Canara Bank | ₹10.00 Cr | Open |
| 04 Mar 2021 | Others | ₹7.50 Cr | Open |
| 27 Aug 2009 | Uco Bank | ₹4.50 Cr | Satisfied |
| 27 Aug 2009 | Uco Bank | ₹4.50 Cr | Satisfied |
| 28 Jan 2009 | Uco Bank | ₹2.40 Cr | Satisfied |
How Many Employees Work at Spincotech?
Spincotech has a workforce of 396 employees as of Apr 08, 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 Spincotech, 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 Spincotech'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.
