Venus Texspin Limited

Manufacturer of high-quality knitting yarns, specializing in acrylic blends for hosiery and sweaters.

2007 | Ludhiana, Punjab (India) | Active
Last Updated:

Venus Texspin Profile

Key Indicators

  • Authorised Capital ₹ 13.50 Cr
  • Paid Up Capital ₹ 13.42 Cr
  • Company Age 17 Year, 9 Months
  • Last Filing with ROC 31 Mar 2022
  • Open Charges ₹ 61.55 Cr
  • Satisfied Charges ₹ 40.50 Cr
  • Revenue Growth 21.14%
  • Profit Growth -68.71%
  • Ebitda -26.88%
  • Net Worth 6.20%
  • Total Assets 9.83%

About Venus Texspin

Venus Texspin Limited (VTL) is a leading Public Limited Indian Non-Government Company incorporated in India on 29 May 2007 and has a history of 17 years and nine months. Its registered office is in Ludhiana, Punjab, India.

The Corporate was formerly known as Venus Texspin 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 2022. It's a company limited by shares with an authorized capital of Rs 13.50 Cr and a paid-up capital of Rs 13.42 Cr.

The company currently has active open charges totaling ₹61.55 Cr. The company has closed loans amounting to ₹40.50 Cr, as per Ministry of Corporate Affairs (MCA) records.

Avinisha Gupta, Anup Daruka, and Yoovesh Daruka serve as directors at the Company.

Company Details

  • Location

    Ludhiana, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    venustexspin.in

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U17299PB2007PLC031179

  • Company No.

    031179

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    29 May 2007

  • Date of AGM

    30 Sep 2022

  • Date of Balance Sheet

    31 Mar 2022

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Manufacturing

Who are the key members and board of directors at Venus Texspin?

Board Members (3)

NameDesignationAppointment DateStatus
Avinisha Gupta Country flag representing In Additional Director 09-Jan-2023Current
Anup Daruka Country flag representing In Additional Director 09-Jan-2023Current
Yoovesh Daruka Country flag representing In Additional Director 09-Jan-2023Current

Financial Performance of Venus Texspin.

Venus Texspin Limited, for the financial year ended 2021, experienced significant growth in revenue, with a 21.14% increase. The company also saw a substantial fall in profitability, with a 68.71% decrease in profit. The company's net worth moved up by a moderate rise of 6.2%.

Venus Texspin revenue growth over time
Venus Texspin 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
21.14%
Revenue from Operations
22.01%
Total Assets
9.83%
Profit or Loss
-68.71%
Net Worth
6.20%
EBITDA
-26.88%

What is the Ownership and Shareholding Structure of Venus Texspin?

In 2021, Venus Texspin 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

₹61.55 Cr

Satisfied Charges

₹40.50 Cr

Charges Breakdown by Lending Institutions

  • Others : 61.35 Cr
  • Hdfc Bank Limited : 0.20 Cr

Latest Charge Details

DateLenderAmountStatus
22 Apr 2022Hdfc Bank Limited₹2.00 MOpen
16 Oct 2013Others₹61.35 CrOpen
08 Jan 2014Aditya Birla Finance Limited₹2.80 CrSatisfied
04 Mar 2011Uco Bank₹1.00 CrSatisfied
02 Jul 2008Uco Bank₹36.70 CrSatisfied

How Many Employees Work at Venus Texspin?

Venus Texspin has a workforce of 21 employees as of Apr 07, 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 Texspin Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Venus Texspin, 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 Texspin'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 Texspin

Recent activity within the organization

  • Director Appointment

    Avinisha Gupta was appointed as a Additional Director was appointed as a Additional Director on 09 Jan 2023 & has been associated with this company since 2 years 1 month .

  • Director Appointment

    Anup Daruka was appointed as a Additional Director was appointed as a Additional Director on 09 Jan 2023 & has been associated with this company since 2 years 1 month .

  • Director Appointment

    Yoovesh Daruka was appointed as a Additional Director was appointed as a Additional Director on 09 Jan 2023 & has been associated with this company since 2 years 1 month .

  • Annual General Meeting

    Venus Texspin Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.20 Cr with Charge ID 100582391 was registered on 22 Apr 2022.

  • Balance Sheet

    Venus Texspin Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Chandigarh.

Frequently asked questions

  • What is the Incorporation or founding date of Venus Texspin Limited?

    Venus Texspin Limited was incorporated on 29 May 2007.

  • What is authorized share capital and paid-up capital of Venus Texspin Limited?

    The authorized share capital of Venus Texspin Limited is ₹ 13.50 Cr and paid-up capital is ₹ 13.42 Cr.

  • Who are the current board members & directors of Venus Texspin Limited?

    Currently 3 directors are associated with Venus Texspin Limited.

    • Avinisha Gupta
    • Anup Daruka
    • Yoovesh Daruka

  • What is the registered address of Venus Texspin Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Venus Texspin Limited is Adjacent Seerat Infrastructure India Hambran Road Partap Singh Wala, Near Grd Academy India, Ludhiana, Punjab, 141004.

  • What is the corporate identification number (CIN) and company number of Venus Texspin Limited?

    The corporate identification number (CIN) of Venus Texspin Limited is U17299PB2007PLC031179 and the company number is 031179 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Venus Texspin Limited?

    The Official website of Venus Texspin Limited is https://www.venustexspin.in

  • What has been the recent revenue trend for Venus Texspin Limited?

    According to the financial reports for the fiscal year 2021, the revenue trend for Venus Texspin Limited has risen by 21.14%.

  • How many employees does Venus Texspin Limited currently have?

    As Per 2021 financial reports, 21 employees are currently employed by Venus Texspin Limited.

  • What change has been observed in the net worth of Venus Texspin Limited, and by what percentage?

    The financial reports for the fiscal year 2021 indicates that The net worth of Venus Texspin Limited has experienced an upsurge of 6.20%.

  • What are the total open charges for Venus Texspin Limited?

    As per the financial statements for fiscal Year 2021, The total open charges for Venus Texspin Limited amount to ₹ 61.55 Cr.

  • When was the last Balance Sheet of Venus Texspin Limited filed with the ROC?

    The most recent Balance Sheet for Venus Texspin Limited was filed with the ROC on 31 Mar 2022.

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