MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-07-0011272
Aakavi Spinning Mills Private Limited
Aakavi Spinning Mills Private Limited - manufacturing in Erode, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2020
₹55.11 Cr
▼ 24% YoY
Net profit · FY 2020
₹50.13 Lakh
Net margin 0.9%
EBITDA · FY 2020
₹2.16 Cr
EBITDA margin 3.9%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹1.14 Cr
Issued & subscribed
Open charges
₹20.31 Cr
Satisfied ₹1.41 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
89
Provident fund records
About Aakavi Spinning Mills Private Limited
Data last updated:
Aakavi Spinning Mills Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 09 January 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ2007PTC013338. Its GSTIN is 33AAGCA0824M1ZU (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹1.14 Cr. It is led by directors including Palanisamy Kalaichitra and Kamalanathan Indiradevi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 2 – A Pichan Kadu, Erode, Tamil Nadu, India – 638005.
As per the financials filed for FY 2020, the company reported a revenue of ₹55.11 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹50.13 Lakh (net margin 0.9%) and EBITDA of ₹2.16 Cr (EBITDA margin 3.9%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years.
The company has about 89 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20.31 Cr and satisfied charges of ₹1.41 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it.
Aakavi Spinning Mills Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-07-0011272). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17111TZ2007PTC013338
Registration Number 013338
Incorporation Date 09 January 2007
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-07-0011272
Key People
Palanisamy Kalaichitra Director Kamalanathan Indiradevi Director Ramasamy Selvaraj Director Recognitions & Rankings of Aakavi Spinning Mills
Contact details
Aakavi Spinning Mills Private Limited's registered office is in Erode, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2 – A Pichan Kadu, Erode, Tamil Nadu, India – 638005
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Aakavi Spinning Mills Private Limited, buy the company report.
Comprehensive company report
Aakavi Spinning Mills Private Limited - one report that includes everything
- 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
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Business activity
The main business activity of Aakavi Spinning Mills 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 Aakavi Spinning Mills Private Limited, buy the company report.
Financials of Aakavi Spinning Mills Private Limited
FY 2025 filings availableAakavi Spinning Mills Private Limited reported revenue of ₹55.11 Cr (down 24% YoY) for FY 2020.
Revenue · FY 2020
₹55.11 Cr ▼ 24%
Net profit · FY 2020
₹50.13 Lakh margin 0.9%
EBITDA · FY 2020
₹2.16 Cr margin 3.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 24%
3 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▼ 21%
3 years · compounded
▲ 2%
5 years · compounded
▲ 6%
Revenue has declined at a compounded annual rate (CAGR) of 4% over three years, including a 24% fall in the latest year. EBITDA fell 21% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹55.11 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹50.13 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.9% | ||||
| Net Profit Margin | 0.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Aakavi Spinning Mills Private Limited, buy the company report.
Board of directors of Aakavi Spinning Mills Private Limited
Aakavi Spinning Mills has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Palanisamy Kalaichitra | Director | 01 Dec 2013 | 12 Years 11 Months | Current |
| Kamalanathan Indiradevi | Director | 01 Dec 2013 | 12 Years 11 Months | Current |
| Ramasamy Selvaraj Also directs: Erodeaakavi Green Energy Private Limited | Director | 09 Jan 2007 | 19 Years 9 Months | Current |
| Duraisamy Kamalanathan Also directs: Erodeaakavi Green Energy Private Limited | Director | 09 Jan 2007 | 19 Years 9 Months | Current |
Peer comparison
Aakavi Spinning Mills 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 |
|---|---|---|---|---|---|---|
| R.S. Mills Private Limited | ₹55.15 Cr (FY 2024) | -15.0% | Tirupur, Tamil Nadu, India | |||
| M H K Exports Private Limited | ₹55.14 Cr (FY 2025) | -2.0% | New Delhi, Delhi, India | |||
| Shivabharathi Syyntex India Private Limited | ₹55.12 Cr (FY 2025) | 11.0% | Coimbatore, Tamil Nadu, India | |||
| Aakavi Spinning Mills Private Limitedthis company | ₹55.11 Cr (FY 2020) | ₹50.13 Lakh | 0.9% | -24.0% | 89 | Erode, Tamil Nadu, India |
| Milando Fashions Limited | ₹55.1 Cr (FY 2025) | 12.0% | Ludhiana, Punjab, India | |||
| Hema Dyeing and Printing Mills Private Limited | ₹55.07 Cr (FY 2024) | -11.0% | Navi Mumbai, Maharashtra, India | |||
| Erode Sri Palani Murugan Spinning Mills Private Limited | ₹55.03 Cr (FY 2022) | 51.0% | Erode, Tamil Nadu, India |
To see the full peer comparison of Aakavi Spinning Mills Private Limited, buy the company report.
Shareholding
The shareholding of Aakavi Spinning Mills Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Aakavi Spinning Mills Private Limited, buy the company report.
Charges & borrowings
Open charges
₹20.31 Cr
Satisfied charges
₹1.41 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Dec 2025 | 101213662 | Canara Bank | ₹75 Lakh | Open | |
| 14 Dec 2023 | 100846889 | Canara Bank | ₹11 Cr | Open | |
| 12 Feb 2021 | 100426210 | Axis Bank Limited | ₹15 Lakh | Open | |
| 30 Mar 2007 | 10047755 | Canara Bank | ₹8.41 Cr | Open | |
| 19 Sep 2014 | 10572873 | Canara Bank | ₹10.5 Lakh | Satisfied |
To see the full charge records of Aakavi Spinning Mills Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Aakavi Spinning Mills Private Limited has 4 court cases on record: 1 filed by Aakavi Spinning Mills, 3 filed against it. All cases are disposed.
Total cases
4
Filed by the company
1
Filed against the company
3
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 2 | 2 | 0 |
| District courts | 1 | 1 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Court case (CONT P) | Filed by the company against an individual | Disposed |
| Supreme Court | Court case (0435-Indirect Taxes Matters : Value Added Tax) | Filed against the company by The Authority for Clarification and Advance Ruling Rep. by the Commissioner of Commercial Taxes Ezhilagam, Chepauk ,Chennai , Tamil Nadu | Disposed |
| District court, Tiruppur, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of Aakavi Spinning Mills 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.
Credit ratings & regulatory alerts
Aakavi Spinning Mills Private Limited was last rated by Care on 13 Aug 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 13 Aug 2026 |
To see the full credit ratings and regulatory alerts of Aakavi Spinning Mills Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Aakavi Spinning Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Aakavi Spinning Mills Private Limited has a workforce of 89 employees on its EPFO records as of Apr 07, 2024, across 2 active EPFO establishments.
Employee count
89
Active EPFO establishments
2
Employee growth
-9.18%
GST
Aakavi Spinning Mills has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCA0824M1ZU | Tamil Nadu | Active | 01 Jul 2017 |
| 34AAGCA0824M1ZS | Puducherry | Active | 16 Aug 2017 |
To see the full GST registrations and return filing status of Aakavi Spinning Mills Private Limited, buy the company report.
Recent activity
Aakavi Spinning Mills Private Limited has 6 board changes on record since 2007: 4 appointments and 2 cessations. The latest: Kamalanathan Indiradevi ceased to be Additional Director on 30 Sep 2014.
Charges
A charge with Canara Bank amounted to Rs. 0.75 Cr with Charge ID 101213662 was registered on 18 Dec 2025.
AGM
Aakavi Spinning Mills Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Aakavi Spinning Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Coimbatore.
Charges
A charge with Canara Bank of Rs. 8.41 Cr registered on 30 Mar 2007 with Charge ID 10047755 was modified on 01 Mar 2025.
Charges
A charge with Canara Bank amounted to Rs. 11.00 Cr with Charge ID 100846889 was registered on 14 Dec 2023.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.15 Cr with Charge ID 100426210 was registered on 12 Feb 2021.
Charges
A charge registered on 19 Sep 2014 via Charge ID 10572873 with Canara Bank was fully satisfied on 06 Mar 2020.
Ceased
Kamalanathan Indiradevi ceased to be Additional Director.
Ceased
Palanisamy Kalaichitra ceased to be Additional Director.
Charges
A charge with Canara Bank amounted to Rs. 0.11 Cr with Charge ID 10572873 was registered on 19 Sep 2014.
Charges
A charge registered on 08 Oct 2009 via Charge ID 10184337 with Canara Bank was fully satisfied on 09 Apr 2014.
Appointed
Kamalanathan Indiradevi was appointed as Director.
6 earlier events are in the company report.
Frequently asked questions
Aakavi Spinning Mills is an active private limited company based in Erode, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 09 January 2007 (19+ years old) and is registered under CIN U17111TZ2007PTC013338.
Aakavi Spinning Mills has 4 current directors:
- Palanisamy Kalaichitra - Director
- Kamalanathan Indiradevi - Director
- Ramasamy Selvaraj - Director
- Duraisamy Kamalanathan - Director
The latest financial statements of Aakavi Spinning Mills on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Aakavi Spinning Mills is 33AAGCA0824M1ZU, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 34AAGCA0824M1ZS (Puducherry).
The CIN (Corporate Identification Number) of Aakavi Spinning Mills is U17111TZ2007PTC013338. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aakavi Spinning Mills has 4 court cases on record: 1 filed by the company and 3 filed against it. Most are in the supreme court.
Aakavi Spinning Mills was incorporated on 09 January 2007, making it 19+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Aakavi Spinning Mills by revenue are R.S. Mills Private Limited, M H K Exports Private Limited, Shivabharathi Syyntex India Private Limited, Milando Fashions Limited, Hema Dyeing and Printing Mills Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Kamalanathan Indiradevi ceased to be Additional Director on 30 Sep 2014. Palanisamy Kalaichitra ceased to be Additional Director on 30 Sep 2014. Kamalanathan Indiradevi was appointed as Director on 01 Dec 2013. Aakavi Spinning Mills has 6 board changes on record in total.
Yes, Aakavi Spinning Mills is registered as a small enterprise under Udyam registration (number: UDYAM-TN-07-0011272).
The registered office of Aakavi Spinning Mills is at 2 – A Pichan Kadu, Erode, Tamil Nadu, India – 638005.
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