Best Cheran Spintex India Private Limited - Company Profile

It is a manufacturing private limited company based in Erode, Tamil Nadu, India, established in 2006.
2006 Erode, Tamil Nadu, India Amalgamated
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About Best Cheran Spintex India Private Limited

Best Cheran Spintex India Private Limited, a amalgamated private limited company, was established on 20 March 2006 in Erode, Tamil Nadu, India. Engaging in textile & fabric production within the manufacturing sector, it holds CIN: U17111TZ2006PTC012662. Registered under ROC Roc Coimbatore. it is unlisted. It has an authorized capital of ₹22.50 Cr and a paid-up capital of ₹20.70 Cr.

Formerly known as Best Cheran Spintex India Limited. Its leadership includes Sengodagounder Muthusamy (Additional Director), Sengoda Gounder Palanisamy Valliyappa Gounder (Additional Director), Palanisamy Duraiswamy (Additional Director). Past directors included Desamani Padmalakshmi, Kalaiselvi Pongiannan, Alampalayam Sengodagounder Palanisamy. It holds no open charges and ₹74.85 Cr settled loans. Its latest AGM occurred on 05 September 2016, with the balance sheet filed on 31 March 2016. It is based at 198 Elanthakuttai Village Tiruchengode Taluk, Erode, Tamil Nadu, 638008.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U17111TZ2006PTC012662

  • Registration Number

    012662

  • Incorporation Date

    20 March 2006

  • Authorized Capital

    ₹22.50 Cr

  • Paid-Up Capital

    ₹20.70 Cr

  • ROC Code

    Roc Coimbatore

  • Listing Status

    Unlisted

  • Company Status

    Amalgamated

Key Metrics
  • Authorised Capital ₹ 22.50 Cr
  • Paid Up Capital ₹ 20.70 Cr
  • Company Age 19 Year, 11 Months
  • Last Filing with ROC 31 Mar 2016
  • Satisfied Charges ₹ 74.85 Cr
  • Revenue Growth **** -37.08%
  • Profit Growth **** -3729.85%
  • Ebitda **** -228.56%
  • Net Worth -79.34%
  • Total Assets -47.67%
Company report

Best Cheran Spintex India Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Best Cheran Spintex India Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Best Cheran Spintex India Private Limited?
Current Directors
Name Designation Appointment Date Status
Sengodagounder Muthusamy Additional Director 14 Sep 2016 Current
Sengoda Gounder Palanisamy Valliyappa Gounder Additional Director 14 Sep 2016 Current
Palanisamy Duraiswamy Additional Director 14 Sep 2016 Current
Muthusamy Ravichandran Additional Director 14 Sep 2016 Current
Muthusamy Palanisamy Devarajan Additional Director 14 Sep 2016 Current
Govindampalyam Muthusamy Palanisamy Additional Director 14 Sep 2016 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 16 Sep 2016 Past
Pramod Abcsdd Director 30 Aug 2013 Past
Pramod Abcsdd Director 30 Aug 2013 Past
Pramod Abcsdd Director 30 Aug 2013 Past
Pramod Abcsdd Director 16 Sep 2016 Past
Pramod Abcsdd Director 09 Jun 2014 Past

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Financial Performance of Best Cheran Spintex India.

Best Cheran Spintex India Private Limited, for the financial year ended 2016, experienced significant reduction in revenue, with a 37.08% decrease. The company also saw a substantial fall in profitability, with a 3729.85% decrease in profit. The company's net worth observed a substantial decline by a decrease of 79.34%.

Best Cheran Spintex India revenue growth over time
Best Cheran Spintex India profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • 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
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 -37.08%
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Revenue from Operations
*******
 -40.50%
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*******
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Total Assets
*******
 -47.67%
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*******
*******
Profit or Loss
*******
 -3729.85%
*******
*******
*******
*******
Net Worth
*******
 -79.34%
*******
*******
*******
*******
EBITDA
*******
 -228.56%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Best Cheran Spintex India?

In 2016, Best Cheran Spintex India had a promoter holding of 100.00%. The company had 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹0

Satisfied Charges

₹748,500,000.00

Charges Breakdown by Lending Institutions
  • State Bank Of India : 74.85 Cr
Latest Charge Details
Date Lender Amount Status
30 Nov 2011 State Bank Of India ₹62.85 Cr Satisfied
06 Sep 2006 State Bank Of India ₹12.00 Cr Satisfied

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How Many Employees Work at Best Cheran Spintex India?

Unlock and access historical data on people associated with Best Cheran Spintex India, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Best Cheran Spintex India, 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 Best Cheran Spintex India'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.

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Latest Updates, News, and FAQs on Best Cheran Spintex India
Recent Activity within the Organization
  • Charges

    Progress on A charge registered on 06 Sep 2006 via Charge ID 10022116 with State Bank Of India was fully satisfied on 02 Feb 2017. was documented.

  • Director Appointment

    Sengodagounder Muthusamy was appointed as a Additional Director was appointed as a Additional Director on 14 Sep 2016 & has been associated with this company since 9 years 5 months . was recorded as a recent event.

  • Director Appointment

    Progress on Sengoda Gounder Palanisamy Valliyappa Gounder was appointed as a Additional Director was appointed as a Additional Director on 14 Sep 2016 & has been associated with this company since 9 years 5 months . was documented.

  • Director Appointment

    The activity Palanisamy Duraiswamy was appointed as a Additional Director was appointed as a Additional Director on 14 Sep 2016 & has been associated with this company since 9 years 5 months . was completed.

  • Director Appointment

    Muthusamy Ravichandran was appointed as a Additional Director was appointed as a Additional Director on 14 Sep 2016 & has been associated with this company since 9 years 5 months . was recorded as a recent event.

  • Director Appointment

    The activity Muthusamy Palanisamy Devarajan was appointed as a Additional Director was appointed as a Additional Director on 14 Sep 2016 & has been associated with this company since 9 years 5 months . was completed.

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Frequently Asked Questions
What is the CIN of Best Cheran Spintex India Private Limited?

The CIN of Best Cheran Spintex India Private Limited is U17111TZ2006PTC012662.

Where is Best Cheran Spintex India Private Limited headquartered?

Best Cheran Spintex India Private Limited is headquartered at 198 Elanthakuttai Village Tiruchengode Taluk, Erode, Tamil Nadu, 638008.

When was Best Cheran Spintex India Private Limited incorporated?

Best Cheran Spintex India Private Limited was incorporated on 20 March 2006.

Who are the current directors of Best Cheran Spintex India Private Limited?

The current directors of Best Cheran Spintex India Private Limited are

What is the primary industry of Best Cheran Spintex India Private Limited?

The primary industry of Best Cheran Spintex India Private Limited is Manufacturing.

Is Best Cheran Spintex India Private Limited a listed company?

Best Cheran Spintex India Private Limited is unlisted.

What is the capital structure of Best Cheran Spintex India Private Limited?

The authorized capital of Best Cheran Spintex India Private Limited is ₹22.50 Cr, and the paid-up capital is ₹20.70 Cr.

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