Balaji Modern Spinners Limited
About Balaji Modern Spinners Limited
Data last updated:
Balaji Modern Spinners Limited is a public limited company based in Coimbatore, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 01 May 1980 and has been in existence for over 46 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ1980PLC000939. Its GSTIN is 33AABCB2328N1ZT (Tamil Nadu). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹6 Cr. It is led by directors including Raj Kumar Ramasamy and Pusmal Ranjit Chajed.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 8/1 M Race Course Mansion Race Course, Coimbatore, Tamil Nadu, India – 641018.
As per the financials filed for FY 2024, the company reported a revenue of ₹99.5 Lakh, a decline of 17% compared to the previous year. For the same year it recorded a net profit of ₹80.81 Lakh (net margin 81.2%) and EBITDA of ₹80.81 Lakh (EBITDA margin 81.2%).
Court records list 5 cases involving the company, including 5 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Balaji Modern Spinners Limited's registered office is in Coimbatore, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address8/1 M Race Course Mansion Race Course, Coimbatore, Tamil Nadu, India – 641018
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Balaji Modern Spinners Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Balaji Modern Spinners Limited
FY 2024 filings availableBalaji Modern Spinners Limited reported revenue of ₹99.5 Lakh (down 17% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 17% in the latest year. EBITDA rose 13% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹80.81 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹80.81 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 81.2% | ||||
| Net Profit Margin | 81.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Balaji Modern Spinners Limited, buy the company report.
Board of directors of Balaji Modern Spinners Limited
Balaji Modern Spinners has 3 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Kumar Ramasamy | Director | 19 Oct 2018 | 8 Years 0 Months | Current |
| Pusmal Ranjit Chajed | Director | 26 Apr 2023 | 3 Years 6 Months | Current |
| Subbaiyan Thangavel | Director | 29 Mar 2024 | 2 Years 7 Months | Current |
Peer comparison
Balaji Modern Spinners Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Z.J. Syntex Private Limited | ₹99.87 Lakh (FY 2024) | 1010.0% | Delhi, India | |||
| Maharaja Textiles Limited | ₹99.7 Lakh (FY 2024) | 58.0% | Mumbai, Maharashtra, India | |||
| Fib Private Limited | ₹99.63 Lakh (FY 2022) | -61.0% | Delhi, India | |||
| Kala Raksha Producer Company Limited | ₹99.56 Lakh (FY 2025) | 19.0% | Bhuj, Gujarat, India | |||
| Sakshi International Private Limited | ₹99.54 Lakh (FY 2025) | -49.0% | Jaipur, Rajasthan, India | |||
| Balaji Modern Spinners Limitedthis company | ₹99.5 Lakh (FY 2024) | ₹80.81 Lakh | 81.2% | -17.0% | Coimbatore, Tamil Nadu, India | |
| Vishwanath Vyapar Co. Private Limited | ₹99.47 Lakh (FY 2025) | -44.0% | Varanasi, Uttar Pradesh, India | |||
| Supreme Weaving Private Limited | ₹99.43 Lakh (FY 2025) | 16.0% | Surat, Gujarat, India | |||
| Stars Design Group Apparels Private Limited | ₹99.39 Lakh (FY 2025) | -69.0% | Bengaluru, Karnataka, India | |||
| Nikisu Fab Private Limited | ₹99.27 Lakh (FY 2025) | 181.0% | Ahmedabad, Gujarat, India | |||
| Avsam Industries Limited | ₹99.26 Lakh (FY 2020) | 328.0% | New Delhi, Delhi, India |
To see the full peer comparison of Balaji Modern Spinners Limited, buy the company report.
Shareholding
The shareholding of Balaji Modern Spinners Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Balaji Modern Spinners Limited, buy the company report.
Legal cases
Balaji Modern Spinners Limited has 5 court cases on record: 5 filed by Balaji Modern Spinners. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Writ petition | Filed by the company against State of Kerala & Others and 2 others | Disposed |
| High Court | Writ petition | Filed by the company against Joint Commissioner, Office of the Commr. and 2 others | Disposed |
| High Court | Writ petition | Filed by the company against individuals | Disposed |
| High Court, TAMIL NADU | Court case (WPMP) | Filed by the company against individuals | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against individuals | Disposed |
To see the full case history of Balaji Modern Spinners Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Balaji Modern Spinners Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Balaji Modern Spinners has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCB2328N1ZT | Tamil Nadu | Active | 01 Jul 2017 |
| 32AABCB2328N1ZV | Kerala | Active | 08 Nov 2017 |
To see the full GST registrations and return filing status of Balaji Modern Spinners Limited, buy the company report.
Recent activity
Balaji Modern Spinners Limited has 14 board changes on record since 2007: 3 appointments and 11 cessations. The latest: Krishnasamy Selvarajan ceased to be Additional Director on 29 Sep 2024.
5 earlier events are in the company report.
Frequently asked questions
Balaji Modern Spinners is an active public limited company based in Coimbatore, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 01 May 1980 (46+ years old) and is registered under CIN U17111TZ1980PLC000939.
Balaji Modern Spinners has 3 current directors:
- Raj Kumar Ramasamy - Director
- Pusmal Ranjit Chajed - Director
- Subbaiyan Thangavel - Director
The latest financial statements of Balaji Modern Spinners on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Balaji Modern Spinners is 33AABCB2328N1ZT, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 32AABCB2328N1ZV (Kerala).
The CIN (Corporate Identification Number) of Balaji Modern Spinners is U17111TZ1980PLC000939. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balaji Modern Spinners has 5 court cases on record: 5 filed by the company.
Balaji Modern Spinners was incorporated on 01 May 1980, making it 46+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Balaji Modern Spinners by revenue are Z.J. Syntex Private Limited, Maharaja Textiles Limited, Fib Private Limited, Kala Raksha Producer Company Limited, Sakshi International Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Krishnasamy Selvarajan ceased to be Additional Director on 29 Sep 2024. Subbaiyan Thangavel ceased to be Additional Director on 29 Sep 2024. Subbaiyan Thangavel was appointed as Director on 29 Mar 2024. Balaji Modern Spinners has 14 board changes on record in total.
The registered office of Balaji Modern Spinners is at 81 M Race Course Mansion Race Course, Coimbatore, Tamil Nadu, India – 641018.
Balaji Modern Spinners operates in the manufacturing industry, in the textile and fabric production segment.
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