Velan Spinning Mills India Private Limited
Textile manufacturing and trading of various fibers, including cotton, silk, rayon, and wool.
2016 | Coimbatore, Tamil Nadu (India) | Active
Velan Spinning Mills India Profile
Key Indicators
- Authorised Capital ₹ 7.00 Cr
- Paid Up Capital ₹ 6.25 Cr
- Company Age 8 Year, 10 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 ten months 2 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
- Location
Coimbatore, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U17299TZ2016PTC027754
- Company No.
027754
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
08 Jul 2016
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Coimbatore
Industry
Manufacturing
Velan Spinning Mills India Private Limited
Explore comprehensive data for Velan Spinning Mills India Private Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Velan Spinning Mills India?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Palanisamy Vijayalakshmi  | Director | 15-Jun-2017 | Current |
| Palanisamy Sathyamoorthy | Director | 08-Jul-2016 | Current |
| Sundaram Sangeetha | 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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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)
Open Charges
₹40.66 Cr
Satisfied Charges
₹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.
Latest Updates, News, and FAQs on Velan Spinning Mills India
Recent activity within the organization
- Charges
A charge with Sidbi amounted to Rs. 0.76 Cr with Charge ID 101009204 was registered on 24 Sep 2024.
- Charges
A charge with Others of Rs. 12.96 Cr registered on 14 Sep 2016 with Charge ID 100054110 was modified on 15 Jun 2024.
- Annual General Meeting
Velan Spinning Mills India Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
- Charges
A charge with Hdfc Bank Limited of Rs. 11.10 Cr registered on 22 Mar 2022 with Charge ID 100562766 was modified on 30 Jun 2023.
- Charges
A charge with Hdfc Bank Limited of Rs. 11.10 Cr registered on 17 Sep 2021 with Charge ID 100490833 was modified on 08 May 2023.
- Balance Sheet
Velan Spinning Mills India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Coimbatore.
Frequently asked questions
What is the Incorporation or founding date of Velan Spinning Mills India Private Limited?
Velan Spinning Mills India Private Limited was incorporated on 08 Jul 2016.
What is authorized share capital and paid-up capital of Velan Spinning Mills India Private Limited?
The authorized share capital of Velan Spinning Mills India Private Limited is ₹ 7.00 Cr and paid-up capital is ₹ 6.25 Cr.
Who are the current board members & directors of Velan Spinning Mills India Private Limited?
Currently 3 directors are associated with Velan Spinning Mills India Private Limited.
- Palanisamy Vijayalakshmi
- Palanisamy Sathyamoorthy
- Sundaram Sangeetha
What is the registered address of Velan Spinning Mills India Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Velan Spinning Mills India Private Limited is No.5/376 A Kumaran Street Kaikatti Pudur, Avinashi India, Tirupur, Tamil Nadu, 641654.
What is the corporate identification number (CIN) and company number of Velan Spinning Mills India Private Limited?
The corporate identification number (CIN) of Velan Spinning Mills India Private Limited is U17299TZ2016PTC027754 and the company number is 027754 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Velan Spinning Mills India Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Velan Spinning Mills India Private Limited has risen by 47.17%.
How many employees does Velan Spinning Mills India Private Limited currently have?
As Per 2022 financial reports, 15 employees are currently employed by Velan Spinning Mills India Private Limited.
What change has been observed in the net worth of Velan Spinning Mills India Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Velan Spinning Mills India Private Limited has experienced an upsurge of 17.23%.
What are the total open charges for Velan Spinning Mills India Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Velan Spinning Mills India Private Limited amount to ₹ 40.66 Cr.
When was the last Balance Sheet of Velan Spinning Mills India Private Limited filed with the ROC?
The most recent Balance Sheet for Velan Spinning Mills India Private Limited was filed with the ROC on 31 Mar 2023.
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