Sri Varadaraja Textiles Private Limited

Manufacturer of high-quality cotton yarn in various counts, with two units and a long history.

1952 | Coimbatore, Tamil Nadu (India) | Active
Last Updated:

Sri Varadaraja Textiles Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 2.00 M
  • Company Age 73 Year, 1 Month
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 37.78 Cr
  • Satisfied Charges ₹ 7.88 Cr
  • Revenue Growth 0.75%
  • Profit Growth -117.15%
  • Ebitda -73.68%
  • Net Worth -4.13%
  • Total Assets -17.46%

About Sri Varadaraja Textiles

Sri Varadaraja Textiles Private Limited (SVTPL) was founded in India on 06 February 1952 and has a glorious history of 73 years and one month. Its registered office is in Coimbatore, Tamil Nadu, India.

The Corporate was formerly known as Sri Varadaraja Textiles 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 5.00 M and a paid-up capital of Rs 2.00 M.

The company currently has active open charges totaling ₹37.78 Cr. The company has closed loans amounting to ₹7.88 Cr, as per Ministry of Corporate Affairs (MCA) records.

Doraiswamynaidu Krishnamurthy, Sudharshini Varadaraj, Varadarajan Krishnaveni, and Three 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

    U17111TZ1952PTC000176

  • Company No.

    000176

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    06 Feb 1952

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Manufacturing

Who are the key members and board of directors at Sri Varadaraja Textiles?

Executive Team (1)

NameDesignationAppointment DateStatus
Sathyanarayanan Sapitiyar Country flag representing In Managing Director10-Jun-2022Current

Board Members (5)

NameDesignationAppointment DateStatus
Doraiswamynaidu Krishnamurthy Country flag representing In Director 11-Mar-1973Current
Sudharshini Varadaraj Country flag representing In Director 06-Dec-2006Current
Varadarajan Krishnaveni Country flag representing In Director 19-Nov-1999Current
Rajan Sekar Country flag representing In Director 18-Jan-2023Current
Krishnaswamy Ragupathy Country flag representing In Director 25-May-2023Current

Financial Performance of Sri Varadaraja Textiles.

Sri Varadaraja Textiles Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 0.75% increase. The company also saw a substantial fall in profitability, with a 117.15% decrease in profit. The company's net worth dipped by a decrease of 4.13%.

Sri Varadaraja Textiles revenue growth over time
Sri Varadaraja Textiles 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
0.75%
Revenue from Operations
0.65%
Total Assets
-17.46%
Profit or Loss
-117.15%
Net Worth
-4.13%
EBITDA
-73.68%

What is the Ownership and Shareholding Structure of Sri Varadaraja Textiles?

In 2023, Sri Varadaraja Textiles had a promoter holding of 99.51% and a public holding of 0.49%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹377.76 M

Satisfied Charges

₹78.79 M

Charges Breakdown by Lending Institutions

  • Others : 37.78 Cr

Latest Charge Details

DateLenderAmountStatus
23 Feb 2024Others₹19.63 CrOpen
28 Mar 2001Others₹18.15 CrOpen
22 Nov 2012Allahabad Bank₹5.60 CrSatisfied
10 Mar 1988Bank Of Baroda₹1.28 CrSatisfied
16 Nov 1987Bank Of Baroda₹2.00 MSatisfied

How Many Employees Work at Sri Varadaraja Textiles?

Sri Varadaraja Textiles has a workforce of 226 employees as of Mar 30, 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.

Employee growth trends for Sri Varadaraja Textiles Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Sri Varadaraja Textiles, 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 Varadaraja Textiles'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 Varadaraja Textiles

Recent activity within the organization

  • Charges

    A charge with Others amounted to Rs. 196.29 M with Charge ID 100893389 was registered on 23 Feb 2024.

  • Annual General Meeting

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

  • Balance Sheet

    Sri Varadaraja Textiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.

  • Director Appointment

    Rajan Guru Chandra Sekar was appointed as a Director was appointed as a Director on 18 Jan 2023 & has been associated with this company since 2 years 2 months .

  • Charges

    A charge registered on 22 Nov 2012 via Charge ID 10390487 with Allahabad Bank was fully satisfied on 27 Oct 2022.

  • Director Appointment

    Sathyanarayanan Sapitiyar was appointed as a Managing Director was appointed as a Managing Director on 10 Jun 2022 & has been associated with this company since 2 years 9 months .

Frequently asked questions

  • What is the Incorporation or founding date of Sri Varadaraja Textiles Private Limited?

    Sri Varadaraja Textiles Private Limited was incorporated on 06 Feb 1952.

  • What is authorized share capital and paid-up capital of Sri Varadaraja Textiles Private Limited?

    The authorized share capital of Sri Varadaraja Textiles Private Limited is ₹ 5.00 M and paid-up capital is ₹ 2.00 M.

  • Who are the current board members & directors of Sri Varadaraja Textiles Private Limited?

    Currently 6 directors are associated with Sri Varadaraja Textiles Private Limited.

    • Doraiswamynaidu Krishnamurthy
    • Sudharshini Varadaraj
    • Varadarajan Krishnaveni
    • Sathyanarayanan Sapitiyar
    • Rajan Guru Chandra Sekar
    • Krishnaswamy Ragupathy

  • What is the registered address of Sri Varadaraja Textiles Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Sri Varadaraja Textiles Private Limited is 335 Aavanashi Road Peelamedu India, Coimbatore, Tamil Nadu, 641004.

  • What is the corporate identification number (CIN) and company number of Sri Varadaraja Textiles Private Limited?

    The corporate identification number (CIN) of Sri Varadaraja Textiles Private Limited is U17111TZ1952PTC000176 and the company number is 000176 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Sri Varadaraja Textiles Private Limited?

    The Official website of Sri Varadaraja Textiles Private Limited is https://www.varadarajamills.com

  • What has been the recent revenue trend for Sri Varadaraja Textiles Private Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Sri Varadaraja Textiles Private Limited has risen by 0.75%.

  • How many employees does Sri Varadaraja Textiles Private Limited currently have?

    As Per 2023 financial reports, 226 employees are currently employed by Sri Varadaraja Textiles Private Limited.

  • What change has been observed in the net worth of Sri Varadaraja Textiles Private Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Sri Varadaraja Textiles Private Limited has experienced an downturn of -4.13%.

  • What are the total open charges for Sri Varadaraja Textiles Private Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Sri Varadaraja Textiles Private Limited amount to ₹ 37.78 Cr.

  • When was the last Balance Sheet of Sri Varadaraja Textiles Private Limited filed with the ROC?

    The most recent Balance Sheet for Sri Varadaraja Textiles Private Limited was filed with the ROC on 31 Mar 2023.

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