Venus P P Varadharaju Spinning Mills Private Limited

Manufactures double-count cotton yarn with 14,200 spindles, founded in 1989.

1989 | Salem, Tamil Nadu (India) | Active
Last Updated:

Venus P P Varadharaju Spinning Mills Profile

Key Indicators

  • Authorised Capital ₹ 2.10 Cr
  • Paid Up Capital ₹ 2.10 Cr
  • Company Age 35 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 6.29 Cr
  • Satisfied Charges ₹ 8.17 M
  • Revenue Growth 52.45%
  • Profit Growth 216.65%
  • Ebitda 17.43%
  • Net Worth 151.26%
  • Total Assets -18.14%

About Venus P P Varadharaju Spinning Mills

Venus P P Varadharaju Spinning Mills Private Limited (VPPVSMPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 29 November 1989 and has a history of 35 years and three months. Its registered office is in Salem, Tamil Nadu, India.

The Corporate was formerly known as Swaminathan Spinning Mills Private 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 2.10 Cr and a paid-up capital of Rs 2.10 Cr.

The company currently has active open charges totaling ₹6.29 Cr. The company has closed loans amounting to ₹8.17 M, as per Ministry of Corporate Affairs (MCA) records.

Varadaraju Arun and Varadaraju Barath 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

    U17111TZ1989PTC002531

  • Company No.

    002531

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    29 Nov 1989

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Coimbatore

Industry

Manufacturing

Who are the key members and board of directors at Venus P P Varadharaju Spinning Mills?

Executive Team (1)

NameDesignationAppointment DateStatus
Varadaraju Barath Country flag representing In Managing Director01-Apr-2013Current

Board Members (1)

NameDesignationAppointment DateStatus
Varadaraju Arun Country flag representing In Director 01-Apr-2013Current

Financial Performance of Venus P P Varadharaju Spinning Mills.

Venus P P Varadharaju Spinning Mills Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 52.45% increase. The company also saw a substantial improvement in profitability, with a 216.65% increase in profit. The company's net worth Soared by an impressive increase of 151.26%.

Venus P P Varadharaju Spinning Mills revenue growth over time
Venus P P Varadharaju Spinning Mills 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
52.45%
Revenue from Operations
52.49%
Total Assets
-18.14%
Profit or Loss
216.65%
Net Worth
151.26%
EBITDA
17.43%

What is the Ownership and Shareholding Structure of Venus P P Varadharaju Spinning Mills?

In 2022, Venus P P Varadharaju Spinning Mills had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹6.29 Cr

Satisfied Charges

₹0.82 Cr

Charges Breakdown by Lending Institutions

  • Others : 6.29 Cr

Latest Charge Details

DateLenderAmountStatus
30 Jan 2024Others₹2.19 CrOpen
29 Mar 2006Others₹4.10 CrOpen
10 Sep 2001The Kanataka Bank Limited₹2.00 MSatisfied
03 Jan 1995The Kanataka Bank Limited₹6.17 MSatisfied

How Many Employees Work at Venus P P Varadharaju Spinning Mills?

Venus P P Varadharaju Spinning Mills has a workforce of 14 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.

Employee growth trends for Venus P P Varadharaju Spinning Mills Private Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Venus P P Varadharaju 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 Venus P P Varadharaju Spinning Mills'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 Venus P P Varadharaju Spinning Mills

Recent activity within the organization

  • Annual General Meeting

    Venus P P Varadharaju Spinning Mills Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Venus P P Varadharaju Spinning Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.

  • Charges

    A charge with Others amounted to Rs. 2.19 Cr with Charge ID 100858829 was registered on 30 Jan 2024.

  • Charges

    A charge with Others of Rs. 4.10 Cr registered on 29 Mar 2006 with Charge ID 10001315 was modified on 31 Dec 2021.

  • Director Appointment

    Varadaraju Gopu Arun was appointed as a Director was appointed as a Director on 01 Apr 2013 & has been associated with this company since 11 years 11 months .

  • Director Appointment

    Varadaraju Gopu Barath was appointed as a Managing Director was appointed as a Managing Director on 01 Apr 2013 & has been associated with this company since 11 years 11 months .

Frequently asked questions

  • What is the Incorporation or founding date of Venus P P Varadharaju Spinning Mills Private Limited?

    Venus P P Varadharaju Spinning Mills Private Limited was incorporated on 29 Nov 1989.

  • What is authorized share capital and paid-up capital of Venus P P Varadharaju Spinning Mills Private Limited?

    The authorized share capital of Venus P P Varadharaju Spinning Mills Private Limited is ₹ 2.10 Cr and paid-up capital is ₹ 2.10 Cr.

  • Who are the current board members & directors of Venus P P Varadharaju Spinning Mills Private Limited?

    Currently 2 directors are associated with Venus P P Varadharaju Spinning Mills Private Limited.

    • Varadaraju Gopu Arun
    • Varadaraju Gopu Barath

  • What is the registered address of Venus P P Varadharaju Spinning Mills Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Venus P P Varadharaju Spinning Mills Private Limited is 21/1B Mettupatty Colony Road Mettupatty, India, Salem, Tamil Nadu, 636111.

  • What is the corporate identification number (CIN) and company number of Venus P P Varadharaju Spinning Mills Private Limited?

    The corporate identification number (CIN) of Venus P P Varadharaju Spinning Mills Private Limited is U17111TZ1989PTC002531 and the company number is 002531 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Venus P P Varadharaju Spinning Mills Private Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Venus P P Varadharaju Spinning Mills Private Limited has risen by 52.45%.

  • How many employees does Venus P P Varadharaju Spinning Mills Private Limited currently have?

    As Per 2022 financial reports, 14 employees are currently employed by Venus P P Varadharaju Spinning Mills Private Limited.

  • What change has been observed in the net worth of Venus P P Varadharaju Spinning Mills Private Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Venus P P Varadharaju Spinning Mills Private Limited has experienced an upsurge of 151.26%.

  • What are the total open charges for Venus P P Varadharaju Spinning Mills Private Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Venus P P Varadharaju Spinning Mills Private Limited amount to ₹ 6.29 Cr.

  • When was the last Balance Sheet of Venus P P Varadharaju Spinning Mills Private Limited filed with the ROC?

    The most recent Balance Sheet for Venus P P Varadharaju Spinning Mills Private Limited was filed with the ROC on 31 Mar 2024.

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