About Carona Industries Private Limited
Data last updated:
Carona Industries Private Limited is a private limited company based in Tirupur, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 27 December 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ2006PTC013308. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹13.5 Cr and a paid-up capital of ₹13.35 Cr. It is led by directors including Saminathan Kaliyappagounder and Swaminathan Shanthamani.
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 No.1 Bridgeway Colony Extn (North), Tirupur, Tamil Nadu, India – 641607.
As per the financials filed for FY 2023, the company reported a revenue of ₹1.63 Lakh, a decline of 64% compared to the previous year. For the same year it recorded a net loss of ₹3.03 Lakh (net margin -186%) and EBITDA of -₹2.55 Lakh (EBITDA margin -156.8%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 59% over five years.
The company has about 153 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹44.68 Cr on record. Court records list 5 cases involving the company, including 5 filed by the company.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website carona.in.
Company details
Contact details
Carona Industries Private Limited's registered office is in Tirupur, Tamil Nadu. Its website is carona.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.1 Bridgeway Colony Extn (North), Tirupur, Tamil Nadu, India – 641607
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Carona Industries 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 Carona Industries 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 Carona Industries Private Limited, buy the company report.
Financials of Carona Industries Private Limited
FY 2024 filings availableCarona Industries Private Limited reported revenue of ₹1.63 Lakh (down 64% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 59% over five years, including a 64% fall in the latest year. EBITDA fell 341% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.63 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹2.55 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹3.03 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -156.8% | ||||
| Net Profit Margin | -186% | ||||
| 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 Carona Industries Private Limited, buy the company report.
Board of directors of Carona Industries Private Limited
Carona Industries has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saminathan Kaliyappagounder | Director | 27 Dec 2006 | 19 Years 10 Months | Current |
| Swaminathan Shanthamani | Director | 27 Dec 2006 | 19 Years 10 Months | Current |
| Kathiresh Swaminathan Also directs: Badger Bulls Enterprises LLP | Director | 27 Dec 2006 | 19 Years 10 Months | Current |
Auditor
Carona Industries Private Limited is audited by NIL for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIL | FY 2023 | NIL |
Shareholding
The shareholding of Carona Industries Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Carona Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Nov 2007 | 10081882 | State Bank of Mysore | ₹11 Cr | Satisfied | |
| 28 Sep 2007 | 10075156 | State Bank of India | ₹33.68 Cr | Satisfied |
To see the full charge records of Carona Industries Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Carona Industries Private Limited has 5 court cases on record: 5 filed by Carona Industries. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruppur, Tamil Nadu | Criminal complaint | Filed by the company against M/S DGM Textiles and Its Partners 2 Others and 2 others | Disposed |
| High Court, TAMIL NADU | Appeal | Filed by the company against State of Tamilnadu Rep by the | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against an individual | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against an individual | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against State of Tamilnadu Rep by the and 3 others | Disposed |
To see the full case history of Carona Industries 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
Carona Industries Private Limited was last rated by Icra on 11 Jan 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 11 Jan 2021 |
To see the full credit ratings and regulatory alerts of Carona Industries Private Limited, buy the company report.
MSME payment delays
Carona Industries Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2018, listing 8 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| H.M.Textiles Private Limited | |||
| an individual supplier | |||
| Evermello Packaging | |||
| Mehala Carona Textiles Private Limited |
To see the full MSME payment records of Carona Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Carona Industries Private Limited has a workforce of 153 employees on its EPFO records as of Jun 2017.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2017-18 | 153 |
| FY 2016-17 |
To see the full employee and EPFO history of Carona Industries Private Limited, buy the company report.
GST
Carona Industries has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Carona Industries Private Limited, buy the company report.
Recent activity
Carona Industries Private Limited has 4 board changes on record since 2006: 3 appointments and 1 cessation. The latest: Govindaswamy Ponnuswamygounder ceased to be Additional Director on 29 Sep 2015.
1 earlier event is in the company report.
Frequently asked questions
Carona Industries is an active private limited company based in Tirupur, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 27 December 2006 (20+ years old) and is registered under CIN U17111TZ2006PTC013308.
Carona Industries has 3 current directors:
- Saminathan Kaliyappagounder - Director
- Swaminathan Shanthamani - Director
- Kathiresh Swaminathan - Director
The latest financial statements of Carona Industries 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.
No. Carona Industries has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Carona Industries is U17111TZ2006PTC013308. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Carona Industries has 5 court cases on record: 5 filed by the company. Most are in the high courts.
Carona Industries was incorporated on 27 December 2006, making it 20+ years old. It is registered with the Registrar of Companies, Coimbatore.
Govindaswamy Ponnuswamygounder ceased to be Additional Director on 29 Sep 2015. Kathiresh Swaminathan was appointed as Director on 27 Dec 2006. Saminathan Kaliyappagounder was appointed as Director on 27 Dec 2006. Carona Industries has 4 board changes on record in total.
Carona Industries has 1 MSME Form 1 return on record for the period ending Mar 2018, listing 8 overdue payments to 8 micro and small suppliers. The latest return was filed on 31 May 2019.
Carona Industries can be reached through the website carona.in. Its registered office is in Tirupur, Tamil Nadu, India.
The registered office of Carona Industries is at No.1 Bridgeway Colony Extn North, Tirupur, Tamil Nadu, India – 641607.
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