Sundaram Textiles Private Limited

Textile company manufacturing cotton yarn, with mills in Tamilnadu and Madurai, exporting to multiple countries.

1960 | Madurai, Tamil Nadu (India) | Active
Last Updated:

Sundaram Textiles Profile

Key Indicators

  • Authorised Capital ₹ 8.50 M
  • Paid Up Capital ₹ 4.50 M
  • Company Age 64 Year, 3 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 three 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

Manufacturing

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)

NameDesignationAppointment DateStatus
Ramesh Soumini Country flag representing In Managing Director20-Sep-2000Current

Board Members (2)

NameDesignationAppointment DateStatus
Mridula Ramesh Country flag representing In Whole-Time Director 10-Mar-2006Current
Krishnamachari Srinivasan Country flag representing In Director 16-Apr-2022Current

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%.

Sundaram Textiles revenue growth over time
Sundaram 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
60.50%
Revenue from Operations
60.45%
Total Assets
-3.24%
Profit or Loss
615.03%
Net Worth
46.60%
EBITDA
198.74%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹503.95 M

Satisfied Charges

₹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

DateLenderAmountStatus
13 Sep 2019Canara Bank₹2.50 MOpen
21 Jun 2014Canara Bank₹1.98 MOpen
29 Apr 2014Canara Bank₹0.74 MOpen
06 Apr 1992State Bank Of India₹4.94 MOpen
01 Mar 1991Industrial Development Bank Of India₹5.00 MOpen

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.

Employee growth trends for Sundaram Textiles Private Limited

Deals i

Graph showing company valuation over time

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

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 Sundaram Textiles

Recent activity within the organization

  • Annual General Meeting

    Sundaram Textiles Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Sundaram Textiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Director Appointment

    Krishnamachari Srinivasan was appointed as a Director was appointed as a Director on 16 Apr 2022 & has been associated with this company since 2 years 11 months .

  • Charges

    A charge with Canara Bank of Rs. 466.15 M registered on 23 Mar 1978 with Charge ID 90293388 was modified on 16 Nov 2021.

  • Charges

    A charge with Canara Bank amounted to Rs. 2.50 M with Charge ID 100288890 was registered on 13 Sep 2019.

  • Charges

    A charge registered on 17 Oct 2007 via Charge ID 10073534 with Canara Bank was fully satisfied on 31 Jan 2019.

Frequently asked questions

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

    Sundaram Textiles Private Limited was incorporated on 30 Nov 1960.

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

    The authorized share capital of Sundaram Textiles Private Limited is ₹ 8.50 M and paid-up capital is ₹ 4.50 M.

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

    Currently 3 directors are associated with Sundaram Textiles Private Limited.

    • Mridula Ramesh
    • Ramesh Soumini
    • Krishnamachari Srinivasan

  • What is the registered address of Sundaram Textiles Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Sundaram Textiles Private Limited is Tsc 47 Maruthur Road Tekkutheru Post Melur Tk, India, Madurai, Tamil Nadu, 625122.

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

    The corporate identification number (CIN) of Sundaram Textiles Private Limited is U17111TN1960PTC004340 and the company number is 004340 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Sundaram Textiles Private Limited?

    The Official website of Sundaram Textiles Private Limited is https://www.sundaramtextiles.com

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

    According to the financial reports for the fiscal year 2022, the revenue trend for Sundaram Textiles Private Limited has risen by 60.50%.

  • How many employees does Sundaram Textiles Private Limited currently have?

    As Per 2022 financial reports, 658 employees are currently employed by Sundaram Textiles Private Limited.

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

    The financial reports for the fiscal year 2022 indicates that The net worth of Sundaram Textiles Private Limited has experienced an upsurge of 46.60%.

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

    As per the financial statements for fiscal Year 2022, The total open charges for Sundaram Textiles Private Limited amount to ₹ 50.39 Cr.

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

    The most recent Balance Sheet for Sundaram Textiles Private Limited was filed with the ROC on 31 Mar 2024.

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