MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-28-0001867
Chola Textiles Private Limited - manufacturing in Coimbatore, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹123.31 Cr
▲ 27% YoY
Net profit · FY 2024
₹18.06 Lakh
Net margin 0.1%
EBITDA · FY 2024
₹2.57 Cr
EBITDA margin 2.1%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹1.18 Cr
Issued & subscribed
Open charges
₹105.35 Cr
Satisfied ₹84.79 Cr
Company age
40 yrs
Est. 1986
Employees · EPFO
179
Provident fund records
About Chola Textiles Private Limited
Data last updated:
Chola Textiles Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 03 April 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ1986PTC001762. Its GSTIN is 33AAACC8791P1Z2 (Tamil Nadu).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹1.18 Cr. It was formerly known as Chola Textiles Limited. It is led by directors Ammasaikutti (Managing Director) and Dhanabakiyam.
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 20 Dharapuram Road Thillai Nagar Tirupur, Coimbatore, Tamil Nadu, India – 641608.
As per the financials filed for FY 2024, the company reported a revenue of ₹123.31 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹18.06 Lakh (net margin 0.1%) and EBITDA of ₹2.57 Cr (EBITDA margin 2.1%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 3% over five years.
The company has about 179 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹105.35 Cr and satisfied charges of ₹84.79 Cr on record. Court records list 82 cases involving the company, including 57 filed by the company and 25 filed against it; 5 cases are pending. The company has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹32 Lakh; the latest was in July 2021. Its 6 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 2 smaller; the largest is Krishna Dyeing and Printing Mills Private Limited with revenue of ₹123.61 Cr.
Chola Textiles Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-28-0001867). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cholagroups.com.
Company details
CIN U17111TZ1986PTC001762
Registration Number 001762
Incorporation Date 03 April 1986
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-28-0001867
Recognitions & Rankings of Chola Textiles
Contact details
Chola Textiles Private Limited's registered office is in Coimbatore, Tamil Nadu. Its website is cholagroups.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo 20 Dharapuram Road Thillai Nagar Tirupur, Coimbatore, Tamil Nadu, India – 641608
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Chola Textiles Private Limited, buy the company report.
Comprehensive company report
Chola Textiles 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 Chola Textiles 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 Chola Textiles Private Limited, buy the company report.
Financials of Chola Textiles Private Limited
FY 2024 filings availableChola Textiles Private Limited reported revenue of ₹123.31 Cr (up 27% YoY) for FY 2024.
Revenue · FY 2024
₹123.31 Cr ▲ 27%
Net profit · FY 2024
₹18.06 Lakh margin 0.1%
EBITDA · FY 2024
₹2.57 Cr margin 2.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 27%
3 years · compounded
▲ 15%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▲ 456%
3 years · compounded
▼ 32%
5 years · compounded
▼ 11%
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 27% growth in the latest year. EBITDA rose 456% 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 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 | ₹2.57 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.06 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.1% | ||||
| Net Profit Margin | 0.1% | ||||
| 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 Chola Textiles Private Limited, buy the company report.
Board of directors of Chola Textiles Private Limited
Chola Textiles has 2 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 |
|---|---|---|---|---|
| Ammasaikutti Also directs: Kovai Medical Center and Hospital Limited, Pandian Textile Mills Private Limited, Excel Cotspin India Private Limited and 3 more | Managing Director | 03 Apr 1986 | 40 Years 7 Months | Current |
| Dhanabakiyam Also directs: Pandian Textile Mills Private Limited, Excel Cotspin India Private Limited, Pallava Spinning Mills Private Limited and 2 more | Director | 24 Mar 2020 | 6 Years 7 Months | Current |
Peer comparison
Chola Textiles 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 |
|---|---|---|---|---|---|---|
| Krishna Dyeing and Printing Mills Private Limited | ₹123.61 Cr (FY 2025) | 5.0% | Surat, Gujarat, India | |||
| Southern Cotspinners Coimbatore Private Limited | ₹123.59 Cr (FY 2025) | 3.0% | Coimbatore, Tamil Nadu, India | |||
| Shree Sarvaloka Textiles Private Limited | ₹123.57 Cr (FY 2025) | 8.0% | Madurai, Tamil Nadu, India | |||
| Riddhi Siddhi Prints Private Limited | ₹123.54 Cr (FY 2025) | 7.0% | Surat, Gujarat, India | |||
| Chola Textiles Private Limitedthis company | ₹123.31 Cr (FY 2024) | ₹18.06 Lakh | 0.1% | 27.0% | 179 | Coimbatore, Tamil Nadu, India |
| Bombay Crimpers Private Limited | ₹123.28 Cr (FY 2025) | 10.0% | Thane, Maharashtra, India | |||
| Kaveri Ginning Industries Private Limited | ₹122.69 Cr (FY 2025) | 11.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Chola Textiles Private Limited, buy the company report.
Shareholding
The shareholding of Chola Textiles 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 Chola Textiles Private Limited, buy the company report.
Charges & borrowings
Open charges
₹105.35 Cr
Satisfied charges
₹84.79 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Aug 2021 | 100485997 | Others | ₹10 Cr | Open | |
| 28 Jun 2021 | 100455213 | Hdfc Bank Limited | ₹84.9 Lakh | Open | |
| 11 Feb 2021 | 100423315 | Hdfc Bank Limited | ₹3.89 Cr | Open | |
| 24 Jun 2019 | 100273960 | Hdfc Bank Limited | ₹50.81 Cr | Open | |
| 25 Feb 2019 | 100249532 | Hdfc Bank Limited | ₹39.81 Cr | Open |
To see the full charge records of Chola Textiles Private Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Chola Textiles Private Limited has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹32 Lakh; the latest was in July 2021.
Total deals
9
Secondary share transfers
8
Funding round
1
Disclosed funding
₹32 Lakh
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Aug 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Cheran Spinning Mills Private Limited , 3 individuals |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Pandian Textile Mills Private Limited, Cheran Spinning Mills Private Limited Seller: Pallava Spinning Mills Private Limited |
To see the full deal history of Chola Textiles Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Chola Textiles Private Limited has 82 court cases on record: 57 filed by Chola Textiles, 25 filed against it. 5 cases are pending and 77 are disposed.
Total cases
82
Filed by the company
57
Filed against the company
25
Pending
5
Disposed
77
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 72 | 21 | 5 |
| District courts | 8 | 2 | 0 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 82)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Appeal | Filed by the company against State of Tamil Nadu | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against State of Tamil Nadu | Pending |
| High Court, TAMIL NADU | Court case (AS) | Filed by the company against individuals | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against individuals | Pending |
| Madras High Court | Writ petition | Filed by the company against an individual | Disposed |
To see the full case history of Chola Textiles 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
Chola Textiles Private Limited was last rated by Crisil on 28 May 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 28 May 2020 |
To see the full credit ratings and regulatory alerts of Chola Textiles Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Chola Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Chola Textiles Private Limited has a workforce of 179 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
179
Active EPFO establishments
1
Employee growth
-6.28%
GST
Chola Textiles has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACC8791P1Z2 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Chola Textiles Private Limited, buy the company report.
Recent activity
Chola Textiles Private Limited has 11 board changes on record since 1986: 2 appointments and 9 cessations. The latest: Dhanabakiyam ceased to be Additional Director on 31 Dec 2020.
AGM
Chola Textiles Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Chola Textiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100485997 was registered on 24 Aug 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.85 Cr with Charge ID 100455213 was registered on 28 Jun 2021.
Charges
A charge with Hdfc Bank Limited of Rs. 3.89 Cr registered on 11 Feb 2021 with Charge ID 100423315 was modified on 18 Mar 2021.
Charges
A charge with Hdfc Bank Limited of Rs. 39.81 Cr registered on 25 Feb 2019 with Charge ID 100249532 was modified on 18 Mar 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 3.89 Cr with Charge ID 100423315 was registered on 11 Feb 2021.
Ceased
Dhanabakiyam ceased to be Additional Director.
Charges
A charge with Hdfc Bank Limited of Rs. 50.81 Cr registered on 24 Jun 2019 with Charge ID 100273960 was modified on 16 Sep 2020.
Charges
A charge registered on 03 Nov 2004 via Charge ID 90007225 with State Bank Of India was fully satisfied on 03 Sep 2020.
Ceased
Perumalgounder Karuppusamy ceased to be Director.
Ceased
Senniappagounder ceased to be Director.
41 earlier events are in the company report.
Frequently asked questions
Chola Textiles is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 03 April 1986 (40+ years old) and is registered under CIN U17111TZ1986PTC001762.
Chola Textiles has 2 current directors:
- Ammasaikutti - Managing Director
- Dhanabakiyam - Director
The latest financial statements of Chola Textiles 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.
The GSTIN of Chola Textiles is 33AAACC8791P1Z2, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Chola Textiles is U17111TZ1986PTC001762. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Chola Textiles has 82 court cases on record: 57 filed by the company and 25 filed against it. 5 are pending. Most are in the high courts.
Chola Textiles was incorporated on 03 April 1986, making it 40+ years old. It is registered with the Registrar of Companies, Coimbatore.
Chola Textiles has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹32 Lakh; the latest was in July 2021.
The peers of Chola Textiles by revenue are Krishna Dyeing and Printing Mills Private Limited, Southern Cotspinners Coimbatore Private Limited, Shree Sarvaloka Textiles Private Limited, Riddhi Siddhi Prints Private Limited, Bombay Crimpers Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Dhanabakiyam ceased to be Additional Director on 31 Dec 2020. Perumalgounder Karuppusamy ceased to be Director on 31 Mar 2020. Senniappagounder ceased to be Director on 31 Mar 2020. Chola Textiles has 11 board changes on record in total.
Yes, Chola Textiles is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-28-0001867).
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