Sri Shanmugavel Mills Private Limited

Leading textile company with spinning, weaving, and windmill divisions, also producing home textiles.

1980 | Coimbatore, Tamil Nadu (India) | Active
Last Updated: December 29, 2024

Sri Shanmugavel Mills Profile

Key Indicators

  • Authorised Capital ₹ 1.50 Cr
  • Paid Up Capital ₹ 1.47 Cr
  • Company Age 44 Year, 10 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 788.28 Cr
  • Satisfied Charges ₹ 778.26 Cr
  • Revenue Growth -7.77%
  • Profit Growth 56.93%
  • Ebitda 62.43%
  • Net Worth 10.71%
  • Total Assets 13.88%

About Sri Shanmugavel Mills

Sri Shanmugavel Mills Private Limited (SSMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 24 April 1980 and has a history of 44 years and ten months. Its registered office is in Coimbatore, Tamil Nadu, India.

The Corporate was formerly known as Sri Shanmugavel Mills Limited. 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 1.50 Cr and a paid-up capital of Rs 1.47 Cr.

The company currently has active open charges totaling ₹788.28 Cr. The company has closed loans amounting to ₹778.26 Cr, as per Ministry of Corporate Affairs (MCA) records.

Kandaswamy Shanmugavel, Shanmugavel Veenaabirami, Shanmugavel Siddarth, and Two other members serve as directors at the Company.

Company Details

  • Location

    Coimbatore, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17111TZ1980PTC000935

  • Company No.

    000935

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    24 Apr 1980

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Manufacturing
Environment

Who are the key members and board of directors at Sri Shanmugavel Mills?

Executive Team (1)

NameDesignationAppointment DateStatus
Kandaswamy Shanmugavel Country flag representing In Managing Director11-Oct-1999Current

Board Members (4)

NameDesignationAppointment DateStatus
Shanmugavel Veenaabirami Country flag representing In Whole-Time Director 01-Jun-2022Current
Shanmugavel Siddarth Country flag representing In Whole-Time Director 03-Mar-2023Current
Shakthivel Mukund Country flag representing In Whole-Time Director 01-Jun-2024Current
Karuppasamy Krishnan Director 29-Aug-2024Current

Financial Performance of Sri Shanmugavel Mills.

Sri Shanmugavel Mills Private Limited, for the financial year ended 2021, experienced Minor drop in revenue, with a 7.77% decrease. The company also saw a substantial improvement in profitability, with a 56.93% increase in profit. The company's net worth Soared by an impressive increase of 10.71%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-7.77%
Revenue from Operations
-8.10%
Total Assets
13.88%
Profit or Loss
56.93%
Net Worth
10.71%
EBITDA
62.43%

What is the Ownership and Shareholding Structure of Sri Shanmugavel Mills?

In 2021, Sri Shanmugavel Mills had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹788.28 Cr

Satisfied Charges

₹778.26 Cr

Charges Breakdown by Lending Institutions

  • State Bank Of India : 512.65 Cr
  • Canara Bank : 184.63 Cr
  • Axis Bank Limited : 91.00 Cr

Latest Charge Details

DateLenderAmountStatus
29 May 2024Canara Bank₹72.94 CrOpen
16 Mar 2023Canara Bank₹111.69 CrOpen
14 Nov 2022State Bank Of India₹199.95 CrOpen
20 Oct 2022Axis Bank Limited₹91.00 CrOpen
20 Mar 2015State Bank Of India₹272.70 CrOpen

How Many Employees Work at Sri Shanmugavel Mills?

Sri Shanmugavel Mills has a workforce of 2807 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Sri Shanmugavel 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 Sri Shanmugavel Mills's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Sri Shanmugavel Mills

Recent activity within the organization

  • Charges

    A charge with Axis Bank Limited of Rs. 91.00 Cr registered on 20 Oct 2022 with Charge ID 100641865 was modified on 17 Oct 2024.

    17 Oct 2024

  • Director Appointment

    Karuppasamy Dhanabala Krishnan was appointed as a Director was appointed as a Director on 29 Aug 2024 & has been associated with this company since 5 months 27 days .

    29 Aug 2024

  • Director Appointment

    Shakthivel Mukund was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 01 Jun 2024 & has been associated with this company since 8 months 24 days .

    01 Jun 2024

  • Charges

    A charge with Canara Bank amounted to Rs. 72.94 Cr with Charge ID 100937183 was registered on 29 May 2024.

    29 May 2024

  • Annual General Meeting

    Sri Shanmugavel Mills Private Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

    29 Sep 2023

  • Charges

    A charge with State Bank Of India of Rs. 199.95 Cr registered on 14 Nov 2022 with Charge ID 100662855 was modified on 15 Sep 2023.

    15 Sep 2023

Frequently asked questions

  • Sri Shanmugavel Mills Private Limited was incorporated on 24 Apr 1980.

  • The authorized share capital of Sri Shanmugavel Mills Private Limited is ₹ 1.50 Cr and paid-up capital is ₹ 1.47 Cr.

  • Currently 5 directors are associated with Sri Shanmugavel Mills Private Limited.

    • Kandaswamy Shanmugavel
    • Shanmugavel Veenaabirami
    • Shanmugavel Sriram Siddarth
    • Shakthivel Mukund
    • Karuppasamy Dhanabala Krishnan
  • As per Ministry of Corporate Affairs (Mca), the registered address of Sri Shanmugavel Mills Private Limited is 207Mangalam Road Tirupur India, Coimbatore Dist, Tamil Nadu, 641604.

  • The corporate identification number (CIN) of Sri Shanmugavel Mills Private Limited is U17111TZ1980PTC000935 and the company number is 000935 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2021, the revenue trend for Sri Shanmugavel Mills Private Limited has fallen by -7.77%.

  • As Per 2021 financial reports, 2807 employees are currently employed by Sri Shanmugavel Mills Private Limited.

  • The financial reports for the fiscal year 2021 indicates that The net worth of Sri Shanmugavel Mills Private Limited has experienced an upsurge of 10.71%.

  • As per the financial statements for fiscal Year 2021, The total open charges for Sri Shanmugavel Mills Private Limited amount to ₹ 788.28 Cr.

  • The most recent Balance Sheet for Sri Shanmugavel Mills Private Limited was filed with the ROC on 31 Mar 2023.

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