Tamilnadu Handloom Development Corporation Limited

Provides textile weaving services and loans to handloom weavers.

1964 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Tamilnadu Handloom Development Corporation Profile

Key Indicators

  • Authorised Capital ₹ 1,000.00 Cr
  • Paid Up Capital ₹ 4.29 Cr
  • Company Age 60 Year, 6 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 6.17 Cr
  • Revenue Growth 65.30%
  • Profit Growth 14.26%
  • Ebitda -13.85%
  • Net Worth 3.41%
  • Total Assets -29.03%

About Tamilnadu Handloom Development Corporation

Tamilnadu Handloom Development Corporation Limited (THDCL) was founded in India on 10 September 1964 and has a glorious history of 60 years and six months.Its registered office is in Chennai, Tamil Nadu.

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 1,000.00 Cr and a paid-up capital of Rs 4.29 Cr.

The company currently has active open charges totaling ₹6.17 Cr.

Premgopal Viswanathan, Kanniappan Munusamy, and Paulraj Selvaraj serve as directors at the Company.

Company Details

  • Location Chennai, Tamil Nadu
  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U17111TN1964SGC005236

  • Company No.

    005236

  • Company Classification

    Public Limited State Government Company

  • Incorporation Date

    10 Sep 1964

  • Date of AGM

    29 Dec 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Manufacturing
Financial Services

Who are the key members and board of directors at Tamilnadu Handloom Development Corporation?

Executive Team (1)

NameDesignationAppointment DateStatus
Kanniappan Munusamy Country flag representing In Managing Director08-Jun-2022Current

Board Members (2)

NameDesignationAppointment DateStatus
Premgopal Viswanathan Country flag representing In Nominee Director 19-Jun-2018Current
Paulraj Selvaraj Country flag representing In Nominee Director 27-May-2024Current

Financial Performance of Tamilnadu Handloom Development Corporation.

Tamilnadu Handloom Development Corporation Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 65.3% increase. The company also saw a substantial improvement in profitability, with a 14.26% increase in profit. The company's net worth moved up by a moderate rise of 3.41%.

Tamilnadu Handloom Development Corporation revenue growth over time
Tamilnadu Handloom Development Corporation 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
65.30%
Revenue from Operations
494.77%
Total Assets
-29.03%
Profit or Loss
14.26%
Net Worth
3.41%
EBITDA
-13.85%

What is the Ownership and Shareholding Structure of Tamilnadu Handloom Development Corporation?

In 2023, Tamilnadu Handloom Development Corporation had a promoter holding of 62.20% and a public holding of 37.80%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹6.17 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • State Bank Of Patiala : 5.50 Cr
  • State Bank Of India : 0.50 Cr
  • Indian Overseas Bank : 0.15 Cr
  • The Karur Vysya Bank Ltd : 0.02 Cr

Latest Charge Details

DateLenderAmountStatus
30 Jan 1990State Bank Of Patiala₹5.50 CrOpen
31 Aug 1977Indian Overseas Bank₹1.50 MOpen
11 Sep 1976The Karur Vysya Bank Ltd₹0.20 MOpen
19 Aug 1975State Bank Of India₹2.50 MOpen
30 Apr 1974State Bank Of India₹2.50 MOpen

How Many Employees Work at Tamilnadu Handloom Development Corporation?

Unlock and access historical data on people associated with Tamilnadu Handloom Development Corporation, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee growth trends for Tamilnadu Handloom Development Corporation Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Tamilnadu Handloom Development Corporation, 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 Tamilnadu Handloom Development Corporation'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 Tamilnadu Handloom Development Corporation

Recent activity within the organization

  • Director Appointment

    Paulraj Jerard Selvaraj was appointed as a Nominee Director was appointed as a Nominee Director on 27 May 2024 & has been associated with this company since 10 months 1 day .

  • Annual General Meeting

    Tamilnadu Handloom Development Corporation Limited last Annual general meeting of members was held on 29 Dec 2023 as per latest MCA records.

  • Balance Sheet

    Tamilnadu Handloom Development Corporation Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.

  • Director Appointment

    Kanniappan Munusamy was appointed as a Managing Director was appointed as a Managing Director on 08 Jun 2022 & has been associated with this company since 2 years 9 months .

  • Director Appointment

    Premgopal Thottapalli Viswanathan was appointed as a Nominee Director was appointed as a Nominee Director on 19 Jun 2018 & has been associated with this company since 6 years 9 months .

  • Charges

    A charge with State Bank Of Patiala of Rs. 5.50 Cr registered on 30 Jan 1990 with Charge ID 80051088 was modified on 11 Jun 2008.

Frequently asked questions

  • What is the Incorporation or founding date of Tamilnadu Handloom Development Corporation Limited?

    Tamilnadu Handloom Development Corporation Limited was incorporated on 10 Sep 1964.

  • What is authorized share capital and paid-up capital of Tamilnadu Handloom Development Corporation Limited?

    The authorized share capital of Tamilnadu Handloom Development Corporation Limited is ₹ 1,000.00 Cr and paid-up capital is ₹ 4.29 Cr.

  • Who are the current board members & directors of Tamilnadu Handloom Development Corporation Limited?

    Currently 3 directors are associated with Tamilnadu Handloom Development Corporation Limited.

    • Premgopal Thottapalli Viswanathan
    • Kanniappan Munusamy
    • Paulraj Jerard Selvaraj

  • What is the registered address of Tamilnadu Handloom Development Corporation Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Tamilnadu Handloom Development Corporation Limited is Kuralagam Fourth Floor India, Chennai, Tamil Nadu, 600108.

  • What is the corporate identification number (CIN) and company number of Tamilnadu Handloom Development Corporation Limited?

    The corporate identification number (CIN) of Tamilnadu Handloom Development Corporation Limited is U17111TN1964SGC005236 and the company number is 005236 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Tamilnadu Handloom Development Corporation Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Tamilnadu Handloom Development Corporation Limited has risen by 65.30%.

  • What change has been observed in the net worth of Tamilnadu Handloom Development Corporation Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Tamilnadu Handloom Development Corporation Limited has experienced an upsurge of 3.41%.

  • What are the total open charges for Tamilnadu Handloom Development Corporation Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Tamilnadu Handloom Development Corporation Limited amount to ₹ 6.17 Cr.

  • When was the last Balance Sheet of Tamilnadu Handloom Development Corporation Limited filed with the ROC?

    The most recent Balance Sheet for Tamilnadu Handloom Development Corporation Limited was filed with the ROC on 31 Mar 2023.

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