Velan Spinning Mills India Profile
Key Indicators
- Authorised Capital ₹ 7.00 Cr
- Paid Up Capital ₹ 6.25 Cr
- Company Age 8 Year, 7 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 40.66 Cr
- Satisfied Charges ₹ 8.79 Cr
- Revenue Growth 47.17%
- Profit Growth 24.52%
- Ebitda 28.07%
- Net Worth 17.23%
- Total Assets 10.25%
About Velan Spinning Mills India
Velan Spinning Mills India Private Limited (VSMIPL) is a Private Limited Indian Non-Government Company incorporated in India on 08 July 2016 (Eight years and seven months 7 days old ). Its registered office is in Coimbatore, 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 7.00 Cr and a paid-up capital of Rs 6.25 Cr.
The company currently has active open charges totaling ₹40.66 Cr. The company has closed loans amounting to ₹8.79 Cr, as per Ministry of Corporate Affairs (MCA) records.
Palanisamy Vijayalakshmi, Palanisamy Sathyamoorthy, and Sundaram Sangeetha serve as directors at the Company.
Company Details
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Location
Coimbatore, Tamil Nadu, India
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Telephone
+91-XXXXXXXXXX
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Website
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Social Media
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Corporate Identity Details
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CIN/LLPIN
U17299TZ2016PTC027754
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Company No.
027754
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Company Classification
Private Limited Indian Non-Government Company
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Incorporation Date
08 Jul 2016
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Date of AGM
30 Sep 2023
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Date of Balance Sheet
31 Mar 2023
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Listing Status
Unlisted
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ROC Code
Roc Coimbatore
Industry
Who are the key members and board of directors at Velan Spinning Mills India?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Palanisamy Vijayalakshmi
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Director | 15-Jun-2017 | Current |
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Palanisamy Sathyamoorthy
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Director | 08-Jul-2016 | Current |
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Sundaram Sangeetha
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Director | 29-Sep-2017 | Current |
Financial Performance of Velan Spinning Mills India.
Velan Spinning Mills India Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 47.17% increase. The company also saw a substantial improvement in profitability, with a 24.52% increase in profit. The company's net worth Soared by an impressive increase of 17.23%.
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What is the Ownership and Shareholding Structure of Velan Spinning Mills India?
In 2022, Velan Spinning Mills India had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Charges (Loans)
₹40.66 Cr
₹8.79 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 22.30 Cr
- Others : 12.96 Cr
- State Bank Of India : 2.73 Cr
- Sidbi : 2.67 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Sep 2024 | Sidbi | ₹7.60 M | Open |
| 28 Sep 2022 | Hdfc Bank Limited | ₹1.01 M | Open |
| 22 Mar 2022 | Hdfc Bank Limited | ₹11.10 Cr | Open |
| 28 Dec 2021 | State Bank Of India | ₹5.40 M | Open |
| 17 Sep 2021 | Hdfc Bank Limited | ₹11.10 Cr | Open |
How Many Employees Work at Velan Spinning Mills India?
Velan Spinning Mills India has a workforce of 15 employees as of Apr 06, 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 Velan Spinning Mills India, 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 Velan Spinning Mills India'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.
