Sundaram Textiles Profile
Key Indicators
- Authorised Capital ₹ 8.50 M
- Paid Up Capital ₹ 4.50 M
- Company Age 64 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 50.39 Cr
- Satisfied Charges ₹ 117.38 Cr
- Revenue Growth 60.50%
- Profit Growth 615.03%
- Ebitda 198.74%
- Net Worth 46.60%
- Total Assets -3.24%
About Sundaram Textiles
Sundaram Textiles Private Limited (STPL) was founded in India on 30 November 1960 and has a glorious history of 64 years and two months. Its registered office is in Madurai, Tamil Nadu, India.
The Corporate was formerly known as Sundaram 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 2024. It's a company limited by shares with an authorized capital of Rs 8.50 M and a paid-up capital of Rs 4.50 M.
The company currently has active open charges totaling ₹50.39 Cr. The company has closed loans amounting to ₹117.38 Cr, as per Ministry of Corporate Affairs (MCA) records.
Mridula Ramesh, Ramesh Soumini, and Krishnamachari Srinivasan serve as directors at the Company.
Company Details
- Location
Madurai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U17111TN1960PTC004340
- Company No.
004340
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
30 Nov 1960
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
What products or services does Sundaram Textiles Private Limited offer?
Sundaram Textiles Private Limited offers a wide range of products and services, including Yarn, Mercerized Yarn.
Who are the key members and board of directors at Sundaram Textiles?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ramesh Soumini  | Managing Director | 20-Sep-2000 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Mridula Ramesh | Whole-Time Director | 10-Mar-2006 | Current |
| Krishnamachari Srinivasan | Director | 16-Apr-2022 | Current |
Financial Performance of Sundaram Textiles.
Sundaram Textiles Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 60.5% increase. The company also saw a substantial improvement in profitability, with a 615.03% increase in profit. The company's net worth Soared by an impressive increase of 46.6%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Sundaram Textiles?
In 2022, Sundaram Textiles had a promoter holding of 71.59% and a public holding of 28.41%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
The Cotton Textiles Export Promotion CouncilMridula Ramesh is a mutual person
Sundaram Transtech Solutions Private LimitedMridula Ramesh is a mutual person
Dattatreya Textiles Private LimitedMridula Ramesh and Ramesh Soumini are mutual person
- Confederation Of Indian Textile Industry
Mridula Ramesh is a mutual person
- Athreya Textiles Private Limited
Mridula Ramesh and Ramesh Soumini are mutual person
- Sundaram Climate Institute Private Limited
Mridula Ramesh is a mutual person
Charges (Loans)
₹503.95 M
₹1,173.79 M
Charges Breakdown by Lending Institutions
- Canara Bank : 47.14 Cr
- Industrial Development Bank Of India : 1.25 Cr
- Indian Overseas Bank : 0.50 Cr
- Indian Overseas Bank : 0.50 Cr
- Indsutrial Development Bank Of India : 0.50 Cr
- Others : 0.51 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Sep 2019 | Canara Bank | ₹2.50 M | Open |
| 21 Jun 2014 | Canara Bank | ₹1.98 M | Open |
| 29 Apr 2014 | Canara Bank | ₹0.74 M | Open |
| 06 Apr 1992 | State Bank Of India | ₹4.94 M | Open |
| 01 Mar 1991 | Industrial Development Bank Of India | ₹5.00 M | Open |
How Many Employees Work at Sundaram Textiles?
Sundaram Textiles has a workforce of 658 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 Sundaram 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 Sundaram Textiles'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.
