MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-14-0001358
Cheran Spinner Private Limited - manufacturing in Erode, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹215.48 Cr
▲ 18% YoY
Net profit · FY 2025
₹1.37 Cr
Net margin 0.6%
EBITDA · FY 2025
₹12.53 Cr
EBITDA margin 5.8%
Authorised capital
₹7 Cr
Registered with MCA
Paid-up capital
₹6.92 Cr
Issued & subscribed
Open charges
₹86.04 Cr
Satisfied ₹315.97 Cr
Company age
37 yrs
Est. 1989
Employees · EPFO
426
Provident fund records
About Cheran Spinner Private Limited
Data last updated:
Cheran Spinner 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 21 July 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ1989PTC002487. Its GSTIN is 33AAACC8476F1ZP (Tamil Nadu).
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹6.92 Cr. It was formerly known as Cheran Spinner Limited. It is led by directors including Sengodagounder Muthusamy and Alampalayam Sengodagounder Palanisamy.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sf No:477/1 Patharai Anangur Main Road Sowthapuram (Post), Erode, Tamil Nadu, India – 638008.
As per the financials filed for FY 2025, the company reported a revenue of ₹215.48 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹1.37 Cr (net margin 0.6%) and EBITDA of ₹12.53 Cr (EBITDA margin 5.8%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 9% over five years.
The company has about 426 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹86.04 Cr and satisfied charges of ₹315.97 Cr on record. Court records list 25 cases involving the company, including 15 filed by the company and 10 filed against it; 3 cases are pending.
Cheran Spinner Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-14-0001358). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cheranspinnerlimited.com.
Company details
CIN U17111TZ1989PTC002487
Registration Number 002487
Incorporation Date 21 July 1989
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-14-0001358
CIN history
Cheran Spinner has one previous CIN (Corporate Identification Number): U17111TZ1989PLC002487. The current CIN is U17111TZ1989PTC002487, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17111TZ1989PTC002487 | Current |
| U17111TZ1989PLC002487 | Previous |
Key People
Sengodagounder Muthusamy Director Alampalayam Sengodagounder Palanisamy Director Palanisamy Thangavel Director Recognitions & Rankings of Cheran Spinner
Contact details
Cheran Spinner Private Limited's registered office is in Erode, Tamil Nadu. Its website is cheranspinnerlimited.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSf No:477/1 Patharai Anangur Main Road Sowthapuram (Post), Erode, Tamil Nadu, India – 638008
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Cheran Spinner Private Limited, buy the company report.
Comprehensive company report
Cheran Spinner 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 Cheran Spinner 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 Cheran Spinner Private Limited, buy the company report.
Financials of Cheran Spinner Private Limited
FY 2025 filings availableCheran Spinner Private Limited reported revenue of ₹215.48 Cr (up 18% YoY) for FY 2025.
Revenue · FY 2025
₹215.48 Cr ▲ 18%
Net profit · FY 2025
₹1.37 Cr margin 0.6%
EBITDA · FY 2025
₹12.53 Cr margin 5.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 8%
5 years · compounded
▲ 9%
EBITDA CAGR growth
3 years · compounded
▼ 7%
5 years · compounded
▼ 1%
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 18% growth 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹215.48 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹12.53 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.37 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | ||||
| Net Profit Margin | 0.6% | ||||
| 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 Cheran Spinner Private Limited, buy the company report.
Board of directors of Cheran Spinner Private Limited
Cheran Spinner has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sengodagounder Muthusamy Also directs: Cheran Weaves India Private Limited | Director | 21 Jul 1989 | 37 Years 3 Months | Current |
| Alampalayam Sengodagounder Palanisamy Also directs: Cheran Weaves India Private Limited | Director | 21 Jul 1989 | 37 Years 3 Months | Current |
| Palanisamy Thangavel Also directs: Cheran Weaves India Private Limited | Director | 01 Mar 2019 | 7 Years 7 Months | Current |
| Muthusamy Ramakrishnaprasad | Director | 01 Mar 2019 | 7 Years 7 Months | Current |
Peer comparison
Cheran Spinner Private Limited is compared with the 10 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 |
|---|---|---|---|---|---|---|
| Sustainable Spinning and Commodities Private Limited | ₹215.93 Cr (FY 2025) | 3.0% | Limbdi, Gujarat, India | |||
| Daks India Industries Private Limited | ₹215.9 Cr (FY 2024) | 8.0% | New Delhi, Delhi, India | |||
| T T Limited | ₹215.87 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| D.Raja Cotton Private Limited | ₹215.85 Cr (FY 2025) | 2.0% | Mehsana, Gujarat, India | |||
| Ideal Fastener (India) Private Limited | ₹215.79 Cr (FY 2025) | 28.0% | Chennai, Tamil Nadu, India | |||
| Cheran Spinner Private Limitedthis company | ₹215.48 Cr (FY 2025) | ₹1.37 Cr | 0.6% | 18.0% | 426 | Erode, Tamil Nadu, India |
| Priyalaxmi Textile Mills Private Limited | ₹215.42 Cr (FY 2025) | 12.0% | Ichalkaranji, Maharashtra, India | |||
| Suryaamba Spinning Mills Limited | ₹215.4 Cr (FY 2025) | -2.0% | Secunderabad, Telangana, India | |||
| Shri Santhosh Meenakshi Textiles Private Limited | ₹215.14 Cr (FY 2023) | -11.0% | Coimbatore, Tamil Nadu, India | |||
| Augustan Knitwear Private Limited | ₹214.73 Cr (FY 2025) | 7.0% | Coimbatore, Tamil Nadu, India | |||
| Thenpandian Spinning Mills India Private Limited | ₹214.31 Cr (FY 2025) | 3.0% | Namakkal, Tamil Nadu, India |
To see the full peer comparison of Cheran Spinner Private Limited, buy the company report.
Shareholding
The shareholding of Cheran Spinner 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 Cheran Spinner Private Limited, buy the company report.
Charges & borrowings
Open charges
₹86.04 Cr
Satisfied charges
₹315.97 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jun 2026 | 101342349 | Hdfc Bank Limited | ₹3.98 Cr | Open | |
| 11 Jul 2022 | 100590993 | Others | ₹26.92 Cr | Open | |
| 15 Mar 2021 | 100442329 | Hdfc Bank Limited | ₹34.05 Cr | Open | |
| 24 Feb 2021 | 100438215 | Axis Bank Limited | ₹21.09 Cr | Open | |
| 22 Jan 2020 | 100333731 | Canara Bank | ₹5.93 Cr | Satisfied |
To see the full charge records of Cheran Spinner Private Limited, buy the company report.
Total charge records: 14 View all charges
Legal cases
Cheran Spinner Private Limited has 25 court cases on record: 15 filed by Cheran Spinner, 10 filed against it. 3 cases are pending and 22 are disposed.
Total cases
25
Filed by the company
15
Filed against the company
10
Pending
3
Disposed
22
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 7 | 2 |
| District courts | 8 | 3 | 1 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Erode, Tamil Nadu | Criminal case | Filed by the company against Savute Textiles Pvt Ltd., Managing Director Vinesan Gobinathan and 6 Others and 6 others | Pending |
| High Court, TAMIL NADU | Petition | Filed against the company by Omkar Clean Energy Services P Ltd | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by Raghuraman M/S.C.Paraneedharan, K.Sidheswaran,T.Kannan | Pending |
| Madras High Court | Court case (CONT P) | Filed by the company against an individual | Disposed |
To see the full case history of Cheran Spinner 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
Cheran Spinner Private Limited was last rated by Crisil on 22 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 22 Dec 2020 |
To see the full credit ratings and regulatory alerts of Cheran Spinner Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cheran Spinner Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Cheran Spinner Private Limited has a workforce of 426 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
426
Active EPFO establishments
1
Employee growth
-29.59%
GST
Cheran Spinner has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACC8476F1ZP | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cheran Spinner Private Limited, buy the company report.
Recent activity
Cheran Spinner Private Limited has 13 board changes on record since 1989: 4 appointments and 9 cessations. The latest: Muthusamy Ramakrishnaprasad ceased to be Additional Director on 01 Apr 2019.
Charges
A charge with Others of Rs. 26.92 Cr registered on 11 Jul 2022 with Charge ID 100590993 was modified on 30 Jun 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 3.98 Cr with Charge ID 101342349 was registered on 23 Jun 2026.
AGM
Cheran Spinner Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Cheran Spinner Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Coimbatore.
Charges
A charge with Axis Bank Limited of Rs. 21.09 Cr registered on 24 Feb 2021 with Charge ID 100438215 was modified on 16 Aug 2024.
Charges
A charge registered on 22 Jan 2020 via Charge ID 100333731 with Canara Bank was fully satisfied on 25 Apr 2023.
Charges
A charge with Others amounted to Rs. 26.92 Cr with Charge ID 100590993 was registered on 11 Jul 2022.
Charges
A charge with Hdfc Bank Limited of Rs. 34.05 Cr registered on 15 Mar 2021 with Charge ID 100442329 was modified on 27 Jan 2022.
Charges
A charge registered on 23 Oct 2003 via Charge ID 80000862 with State Bank Of India was fully satisfied on 12 May 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 34.05 Cr with Charge ID 100442329 was registered on 15 Mar 2021.
Charges
A charge with Canara Bank of Rs. 5.93 Cr registered on 22 Jan 2020 with Charge ID 100333731 was modified on 03 Mar 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 21.09 Cr with Charge ID 100438215 was registered on 24 Feb 2021.
41 earlier events are in the company report.
Frequently asked questions
Cheran Spinner 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 21 July 1989 (37+ years old) and is registered under CIN U17111TZ1989PTC002487.
Cheran Spinner has 4 current directors:
- Sengodagounder Muthusamy - Director
- Alampalayam Sengodagounder Palanisamy - Director
- Palanisamy Thangavel - Director
- Muthusamy Ramakrishnaprasad - Director
The latest financial statements of Cheran Spinner on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Cheran Spinner is 33AAACC8476F1ZP, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Cheran Spinner is U17111TZ1989PTC002487. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cheran Spinner has 25 court cases on record: 15 filed by the company and 10 filed against it. 3 are pending. Most are in the high courts.
Cheran Spinner was incorporated on 21 July 1989, making it 37+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Cheran Spinner by revenue are Sustainable Spinning and Commodities Private Limited, Daks India Industries Private Limited, T T Limited, D.Raja Cotton Private Limited, Ideal Fastener (India) Private Limited and 5 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Muthusamy Ramakrishnaprasad ceased to be Additional Director on 01 Apr 2019. Palanisamy Thangavel ceased to be Additional Director on 01 Apr 2019. Muthusamy Ramakrishnaprasad was appointed as Director on 01 Mar 2019. Cheran Spinner has 13 board changes on record in total.
Yes, Cheran Spinner is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-14-0001358).
Cheran Spinner can be reached through the website cheranspinnerlimited.com. Its registered office is in Erode, Tamil Nadu, India.