About Akshara Spinning Mills Private Limited
Data last updated:
Akshara Spinning Mills Private Limited is a private limited company based in Tiruppur, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 22 August 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17100TZ2012PTC018662. Its GSTIN is 33AANCA8975E2ZB (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.1 Cr and a paid-up capital of ₹1.05 Cr. It is led by directors including Ramesh Krishnan Krishnasamy (Managing Director) and Ramesh Krishnan Umamaheshwari.
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 Tiruppur, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹346.67 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net loss of ₹2.5 Cr (net margin -0.7%) and EBITDA of ₹24.47 Cr (EBITDA margin 7.1%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 14% over five years.
The company has about 418 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Akshara Group of Companies. As per MCA filings, the company has open charges of ₹212.38 Cr and satisfied charges of ₹21.38 Cr on record. Court records list 28 cases involving the company, including 24 filed by the company and 1 filed against it; 5 cases are pending. The company has 4 deals on record (2 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹99.8 Lakh; the latest was in May 2016. Its 10 peer companies in the Manufacturing industry (Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Gainup Industries India Private Limited with revenue of ₹349.81 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website akshera.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address5/44 Jayalakshmi Ginning Factory Compound, Alangadu Mangalam Road, Tiruppur, Tamil Nadu, India – 641604
- IndustryManufacturing, Textile & Fabric Production
- 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
- One PDF report, delivered after checkout
Business Activity of Akshara Spinning Mills Private Limited
The main business activity of Akshara Spinning Mills is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Akshara Spinning Mills Private Limited FY 2024 filings available
Akshara Spinning Mills Private Limited reported revenue of ₹346.67 Cr (down 6% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Akshara Spinning Mills Private Limited
Revenue fell 6% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA rose 92% 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 of Akshara Spinning Mills Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹24.47 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.5 Cr | •••• | •••• | •••• | •••• |
| 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 of Akshara Spinning Mills Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -0.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Akshara Spinning Mills are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Akshara Spinning Mills Private Limited
Akshara Spinning Mills Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gainup Industries India Private Limited | ₹349.81 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Sitharevu Village, Tamil Nadu, India |
| Vasantha Industries Private Limited | ₹349.35 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Guntur, Andhra Pradesh, India |
| VTM Limited Listed | ₹349.35 Cr (FY 2025) | •••• | •••• | 62.0% | •••• | Ramnad, Tamil Nadu, India |
| Annapoorani Textiles Private Limited | ₹347.59 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Erode, Tamil Nadu, India |
| Reliance Jute Mills (International) Limited | ₹346.99 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Kolkata, West Bengal, India |
| Akshara Spinning Mills Private Limited this company | ₹346.67 Cr (FY 2024) | •••• | •••• | -6.0% | •••• | Tiruppur, Tamil Nadu, India |
| M C Sales Private Limited | ₹346.52 Cr (FY 2025) | •••• | •••• | 195.0% | •••• | Muktsar, Punjab, India |
| Ashima Dyecot Private Limited | ₹346.18 Cr (FY 2019) | •••• | •••• | 259.0% | •••• | Ahmedabad, Gujarat, India |
| Mauria Udyog Ltd Listed | ₹343.08 Cr (FY 2024) | •••• | •••• | 36.0% | •••• | Kolkata, West Bengal, India |
| Acv Products Private Limited | ₹339.97 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Coimbatore, Tamil Nadu, India |
| K.S. Textiles Private Limited | ₹339.53 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Akshara Spinning Mills by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Akshara Spinning Mills Private Limited
Akshara Spinning Mills Private Limited is audited by SURI & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SURI & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Akshara Spinning Mills Private Limited
Akshara Spinning Mills has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Krishnan Umamaheshwari Also directs: Adisankara Spinning Mills Private Limited, Knits and Weaves Private Limited, Akshara Garments Private Limited and 1 more | Director | 11 May 2016 | 10 Years 5 Months | Current |
| Krishnasamy Ramesh Visnu Niranjan | Director | 23 Jan 2023 | 3 Years 8 Months | Current |
| Krishnasamy Sakkthi Nimalan | Director | 22 Feb 2023 | 3 Years 7 Months | Current |
| Ramesh Krishnan Krishnasamy Also directs: RMR Agro Enterprises Private Limited, Dhyana Enterprises Private Limited, Adisankara Spinning Mills Private Limited and 3 more | Managing Director | 20 Mar 2014 | 12 Years 6 Months | Current |
Ownership and Shareholding of Akshara Spinning Mills Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Akshara Spinning Mills Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Jun 2022 | Others | ₹16.5 Cr | Open |
| 30 Dec 2021 | Hdfc Bank Limited | ₹9.07 Lakh | Open |
| 13 Dec 2021 | Hdfc Bank Limited | ₹3.5 Cr | Open |
| 01 Sep 2021 | Hdfc Bank Limited | ₹14.5 Cr | Open |
| 11 Mar 2021 | Hdfc Bank Limited | ₹35 Cr | Open |
Total charge records: 10 View all charges
Deals & Funding of Akshara Spinning Mills Private Limited
Akshara Spinning Mills Private Limited has 4 deals on record (2 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹99.8 Lakh; the latest was in May 2016.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| May 2016 | Acquisition | ₹52.4 Lakh | Buyer: an individual Seller: 3 individuals |
| Dec 2015 | Funding round | ₹99.8 Lakh | Investors: 4 individuals |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Akshara Spinning Mills Private Limited
Akshara Spinning Mills Private Limited has 28 court cases on record: 24 filed by Akshara Spinning Mills, 1 filed against it, 3 where it is another party. 5 cases are pending and 23 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 24 | 1 | 1 |
| District courts | 4 | 0 | 4 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruppur, Tamil Nadu | Criminal miscellaneous application | Filed by the company against Trident Retail Ventures Private Limited | Pending |
| District court, Tiruppur, Tamil Nadu | Criminal case | Filed by the company against Trident Retail Ventures Private Limited | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company by Tamil Nadu Generation and Distribution Corporation Ltd | Pending |
| District court, Tiruppur, Tamil Nadu | Criminal case | Filed by the company against M/S.J K International | Pending |
| Madras High Court | Court case (WMP(MD)) | Company is another party | Disposed |
Full case history
All 28 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Akshara Spinning Mills Private Limited
Akshara Spinning Mills operates one associated brand: Akshara Group of Companies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of cotton yarns and related processing in India. | akshera.com |
Employees and EPFO Compliance at Akshara Spinning Mills Private Limited
Akshara Spinning Mills Private Limited has a workforce of 418 employees as of Mar 21, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of Akshara Spinning Mills Private Limited
Akshara Spinning Mills has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Recent Activity on Akshara Spinning Mills Private Limited
Akshara Spinning Mills Private Limited has 10 board changes on record since 2014: 4 appointments and 6 cessations. The latest: Krishnasamy Ramesh Visnu Niranjan ceased to be Additional Director on 29 Sep 2023.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Akshara Spinning Mills Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Akshara Spinning Mills Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Akshara Spinning Mills Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Akshara Spinning Mills Private Limited
Akshara Spinning Mills has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AANCA8975E2ZB | Tamil Nadu | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Akshara Spinning Mills Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Akshara Spinning Mills Private Limited
Akshara Spinning Mills is an active private limited company based in Tiruppur, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 22 August 2012 (14+ years old) and is registered under CIN U17100TZ2012PTC018662.
Akshara Spinning Mills reported revenue of ₹346.67 Cr for FY 2024 (down 6% YoY).
Akshara Spinning Mills has 4 current directors:
- Ramesh Krishnan Krishnasamy - Managing Director
- Ramesh Krishnan Umamaheshwari - Director
- Krishnasamy Ramesh Visnu Niranjan - Director
- Krishnasamy Sakkthi Nimalan - Director
Akshara Spinning Mills reported a net loss of ₹2.5 Cr (net margin -0.7%) and EBITDA of ₹24.47 Cr (EBITDA margin 7.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Akshara Spinning Mills is 30% over three years and 14% over five years. In the latest year (FY 2024) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Akshara Spinning Mills is 33AANCA8975E2ZB, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Akshara Spinning Mills is U17100TZ2012PTC018662. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akshara Spinning Mills has 28 court cases on record: 24 filed by the company and 1 filed against it. 5 are pending. Most are in the high courts.
Akshara Spinning Mills was incorporated on 22 August 2012, making it 14+ years old. It is registered with the Registrar of Companies, Coimbatore.
Akshara Spinning Mills has 4 deals on record (2 secondary share transfers, 1 acquisition, 1 funding round), with disclosed funding of ₹99.8 Lakh; the latest was in May 2016.
The peers of Akshara Spinning Mills by revenue are Gainup Industries India Private Limited, Vasantha Industries Private Limited, VTM Limited, Annapoorani Textiles Private Limited, Reliance Jute Mills (International) Limited and 5 more, all in the Manufacturing industry (Textiles).