Lakade Spinners Private Limited
About Lakade Spinners Private Limited
Data last updated:
Lakade Spinners Private Limited is a private limited company based in Sangli, Maharashtra, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 29 July 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U17290PN2010PTC136985. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹75 Lakh. It is led by directors Ramchandra Rangnath Chandawale and Vikram Lakade Ashwinikumar.
Its last annual general meeting (AGM) was held on 07 January 2022, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Lakade Plaza Mayani Road Vita Tal: Khanpur Dist: Sangli, Maharashtra, India – 415311.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.26 Cr, a decline of 57% compared to the previous year. For the same year it recorded a net profit of ₹3.05 Lakh (net margin 2.4%) and EBITDA of ₹21.15 Lakh (EBITDA margin 16.8%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 29% over five years.
Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Lakade Spinners Private Limited's registered office is in Sangli, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressLakade Plaza Mayani Road Vita Tal: Khanpur Dist: Sangli, Maharashtra, India – 415311
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Lakade Spinners Private 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
Business activity
The main business activity of Lakade Spinners is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Lakade Spinners Private Limited, buy the company report.
Financials of Lakade Spinners Private Limited
FY 2021 filings availableLakade Spinners Private Limited reported revenue of ₹1.26 Cr (down 57% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 57% fall in the latest year. EBITDA fell 64% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | ₹21.15 Lakh | ||||
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| Net Profit (PAT) | ₹3.05 Lakh | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| Profitability | |||||
| EBITDA Margin | 16.8% | ||||
| Net Profit Margin | 2.4% | ||||
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To see the full financial statements and ratios of Lakade Spinners Private Limited, buy the company report.
Board of directors of Lakade Spinners Private Limited
Lakade Spinners has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramchandra Rangnath Chandawale | Director | 10 Mar 2018 | 8 Years 7 Months | Current |
| Vikram Lakade Ashwinikumar Also directs: Lakade Poultry Farms Private Limited | Director | 18 Oct 2021 | 5 Years 0 Months | Current |
Peer comparison
Lakade Spinners Private Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Orbit Textile Engineers Private Limited | ₹1.27 Cr (FY 2024) | -19.0% | Coimbatore, Tamil Nadu, India | |||
| Thanikudam Bagawati Mills Ltd | ₹1.27 Cr (FY 2025) | -8.0% | Thrissur, Kerala, India | |||
| Bhagyam Exports Private Limited | ₹1.26 Cr (FY 2025) | -33.0% | Chennai, Tamil Nadu, India | |||
| Lakade Spinners Private Limitedthis company | ₹1.26 Cr (FY 2021) | ₹3.05 Lakh | 2.4% | -57.0% | Sangli, Maharashtra, India | |
| Lycaste Textile Sourcing Private Limited | ₹1.26 Cr (FY 2023) | 101.0% | Bangalore, Karnataka, India | |||
| Yetharup Global Private Limited | ₹1.26 Cr (FY 2025) | -30.0% | Noida, Uttar Pradesh, India | |||
| Keshavpriya Creations Private Limited | ₹1.26 Cr (FY 2025) | -14.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Lakade Spinners Private Limited, buy the company report.
Auditor
Lakade Spinners Private Limited is audited by S K SOMAN & CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S K SOMAN & CO | FY 2017 | 110350W |
Shareholding
The shareholding of Lakade Spinners Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Lakade Spinners Private Limited, buy the company report.
Legal cases
Lakade Spinners Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Sangli, Maharashtra | Criminal miscellaneous application | Filed against the company by Bank of Maharashtra Branch Ichalkarnaji Through Its Chief Manager Kumar Vijay Prasad | Pending |
To see the full case history of Lakade Spinners Private 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 Lakade Spinners Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Lakade Spinners has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Lakade Spinners Private Limited, buy the company report.
Recent activity
Lakade Spinners Private Limited has 5 board changes on record since 2016: 2 appointments and 3 cessations. The latest: Aditya Vikram Lakade ceased to be Director on 18 Oct 2021.
Frequently asked questions
Lakade Spinners is an active private limited company based in Sangli, Maharashtra, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 29 July 2010 (16+ years old) and is registered under CIN U17290PN2010PTC136985.
Lakade Spinners has 2 current directors:
- Ramchandra Rangnath Chandawale - Director
- Vikram Lakade Ashwinikumar - Director
The latest financial statements of Lakade Spinners on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 07 January 2022. Year-wise statements from 2015 are in the company report.
No. Lakade Spinners has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Lakade Spinners is U17290PN2010PTC136985. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lakade Spinners has 1 court case on record: 1 filed against it. 1 is pending.
Lakade Spinners was incorporated on 29 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Lakade Spinners by revenue are Orbit Textile Engineers Private Limited, Thanikudam Bagawati Mills Ltd, Bhagyam Exports Private Limited, Lycaste Textile Sourcing Private Limited, Yetharup Global Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Aditya Vikram Lakade ceased to be Director on 18 Oct 2021. Vikram Lakade Ashwinikumar was appointed as Director on 18 Oct 2021. Ramchandra Rangnath Chandawale was appointed as Director on 10 Mar 2018. Lakade Spinners has 5 board changes on record in total.
The registered office of Lakade Spinners is at Lakade Plaza Mayani Road Vita Tal: Khanpur Dist: Sangli, Maharashtra, India – 415311.
Lakade Spinners operates in the manufacturing industry, in the textile and fabric production segment.