Thangavelu Spinning Mills Profile
Key Indicators
- Authorised Capital ₹ 3.00 Cr
- Paid Up Capital ₹ 2.87 Cr
- Company Age 42 Year, 11 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 28.87 Cr
- Satisfied Charges ₹ 8.25 Cr
- Revenue Growth -17.67%
- Profit Growth -104.08%
- Ebitda -22.34%
- Net Worth -1.29%
- Total Assets 2.00%
About Thangavelu Spinning Mills
Thangavelu Spinning Mills Limited (TSML) is a leading Public Limited Indian Non-Government Company incorporated in India on 29 March 1982 and has a history of 42 years and 11 months. Its registered office is in Salem, Tamil Nadu, India.
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 3.00 Cr and a paid-up capital of Rs 2.87 Cr.
The company currently has active open charges totaling ₹28.87 Cr. The company has closed loans amounting to ₹8.25 Cr, as per Ministry of Corporate Affairs (MCA) records.
Thangavelu Surendran, Shabhari Surendren, and Revathi Surendran serve as directors at the Company.
Company Details
- Location
Salem, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U17111TZ1982PLC001164
- Company No.
001164
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
29 Mar 1982
- Date of AGM
29 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Manufacturing
What products or services does Thangavelu Spinning Mills Limited offer?
Thangavelu Spinning Mills Limited offers a wide range of products and services, including Yarns & Threads, Threads.
Who are the key members and board of directors at Thangavelu Spinning Mills?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Thangavelu Surendran  | Managing Director | 15-Feb-1995 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Shabhari Surendren | Whole-Time Director | 02-May-2012 | Current |
| Revathi Surendran | Director | 22-Jun-2015 | Current |
Financial Performance of Thangavelu Spinning Mills.
Thangavelu Spinning Mills Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 17.67% decrease. The company also saw a substantial fall in profitability, with a 104.08% decrease in profit. The company's net worth dipped by a decrease of 1.29%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Thangavelu Spinning Mills?
In 2023, Thangavelu Spinning Mills had a promoter holding of 99.90% and a public holding of 0.10%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
Open Charges
₹28.87 Cr
Satisfied Charges
₹8.25 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 11.51 Cr
- Others : 10.99 Cr
- Yes Bank Limited : 3.42 Cr
- Sidbi : 1.88 Cr
- Reliance Capital Ltd : 1.08 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 May 2024 | Sidbi | ₹1.88 Cr | Open |
| 05 Feb 2024 | Yes Bank Limited | ₹3.42 Cr | Open |
| 30 Nov 2022 | Others | ₹1.00 Cr | Open |
| 13 Jan 2022 | Others | ₹4.39 Cr | Open |
| 26 May 2020 | Others | ₹1.51 Cr | Open |
How Many Employees Work at Thangavelu Spinning Mills?
Thangavelu Spinning Mills has a workforce of 91 employees as of Apr 02, 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 Thangavelu Spinning 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 Thangavelu Spinning Mills'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.
Latest Updates, News, and FAQs on Thangavelu Spinning Mills
Recent activity within the organization
- Charges
A charge with Sidbi amounted to Rs. 1.88 Cr with Charge ID 100925604 was registered on 27 May 2024.
27 May 2024
- Charges
A charge with Yes Bank Limited amounted to Rs. 3.42 Cr with Charge ID 100871968 was registered on 05 Feb 2024.
05 Feb 2024
- Annual General Meeting
Thangavelu Spinning Mills Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.
29 Sep 2023
- Balance Sheet
Thangavelu Spinning Mills Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.
31 Mar 2023
- Charges
A charge with Others amounted to Rs. 1.00 Cr with Charge ID 100653871 was registered on 30 Nov 2022.
30 Nov 2022
- Charges
A charge with State Bank Of India of Rs. 11.51 Cr registered on 20 Oct 1982 with Charge ID 90002119 was modified on 21 Mar 2022.
21 Mar 2022
Frequently asked questions
What is the Incorporation or founding date of Thangavelu Spinning Mills Limited?
Thangavelu Spinning Mills Limited was incorporated on 29 Mar 1982.
What is authorized share capital and paid-up capital of Thangavelu Spinning Mills Limited?
The authorized share capital of Thangavelu Spinning Mills Limited is ₹ 3.00 Cr and paid-up capital is ₹ 2.87 Cr.
Who are the current board members & directors of Thangavelu Spinning Mills Limited?
Currently 3 directors are associated with Thangavelu Spinning Mills Limited.
- Thangavelu Surendran
- Shabhari Surendren
- Revathi Surendran
What is the registered address of Thangavelu Spinning Mills Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Thangavelu Spinning Mills Limited is 111/ 1Thathanoatti Kamaraj Nagar Colony India, Salem, Tamil Nadu, 636014.
What is the corporate identification number (CIN) and company number of Thangavelu Spinning Mills Limited?
The corporate identification number (CIN) of Thangavelu Spinning Mills Limited is U17111TZ1982PLC001164 and the company number is 001164 as per Ministry of Corporate Affairs (MCA).
What is the official website of Thangavelu Spinning Mills Limited?
The Official website of Thangavelu Spinning Mills Limited is https://www.thangavelumills.com
What has been the recent revenue trend for Thangavelu Spinning Mills Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Thangavelu Spinning Mills Limited has fallen by -17.67%.
How many employees does Thangavelu Spinning Mills Limited currently have?
As Per 2023 financial reports, 91 employees are currently employed by Thangavelu Spinning Mills Limited.
What change has been observed in the net worth of Thangavelu Spinning Mills Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Thangavelu Spinning Mills Limited has experienced an downturn of -1.29%.
What are the total open charges for Thangavelu Spinning Mills Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Thangavelu Spinning Mills Limited amount to ₹ 28.87 Cr.
When was the last Balance Sheet of Thangavelu Spinning Mills Limited filed with the ROC?
The most recent Balance Sheet for Thangavelu Spinning Mills Limited was filed with the ROC on 31 Mar 2023.
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