Elasto Mills Private Limited
About Elasto Mills Private Limited
Data last updated:
Elasto Mills Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 19 November 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U25200TN1985PTC012383. Its GSTIN is 33AAACE1358E1Z6 (Tamil Nadu).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹15.15 Lakh. It was formerly known as Elasto Weavings & Knitting Mill Pvt Ltd. It is led by directors including George Peter Peter George (Whole-Time Director) and George Peter Bobby George.
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 A – 6 Mugappair Industrial Estate Padi, Chennai, Tamil Nadu, India – 600050.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.48 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹18.13 Lakh (net margin -12.3%) and EBITDA of -₹11.15 Lakh (EBITDA margin -7.5%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 7% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹6.12 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressA – 6 Mugappair Industrial Estate Padi, Chennai, Tamil Nadu, India – 600050
- 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 Elasto Mills Private Limited
The main business activity of Elasto 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 Elasto Mills Private Limited FY 2024 filings available
Elasto Mills Private Limited reported revenue of ₹1.48 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Elasto Mills Private Limited
Revenue rose 4% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA fell 9% 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 Elasto Mills Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹11.15 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹18.13 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 of Elasto Mills Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -12.3% | •••• | •••• | •••• | •••• |
| 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 Elasto 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 Elasto Mills Private Limited
Elasto Mills Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Square Weave Private Limited | •••• | •••• | •••• | •••• | - | Sangli, Maharashtra, India |
| Krishna Ravi Textile Processors Pvt Ltd | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Niranjana Cotex Private Limited | •••• | •••• | •••• | •••• | - | Shirpur, Maharashtra, India |
| Krishkam Exports Private Limited | •••• | •••• | •••• | •••• | - | Haryana, India |
| Applecake Enterprises Private Limited | •••• | •••• | •••• | •••• | - | Tiruchengode, Tamil Nadu, India |
| Elasto Mills Private Limited this company | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Shrai Fashion Studios Limtied | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Digamber Bag Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Knit Safety Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Maruti Velvet Private Limited | •••• | •••• | •••• | •••• | - | Kalol, Gujarat, India |
| Greater Noida Overseas Private Limited | •••• | •••• | •••• | •••• | - | Faridabad, Haryana, India |
Peers are the five companies nearest above and the five nearest below Elasto Mills by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Elasto Mills Private Limited
Elasto Mills Private Limited is audited by JOSEPH & RAJARAM for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JOSEPH & RAJARAM | 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 Elasto Mills Private Limited
Elasto Mills has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| George Peter Peter George | Whole-Time Director | 01 Apr 1992 | 34 Years 6 Months | Current |
| George Peter Bobby George | Director | 09 Apr 1990 | 36 Years 5 Months | Current |
| Omana George | Director | 19 Nov 1985 | 40 Years 10 Months | Current |
Ownership and Shareholding of Elasto 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 Elasto Mills Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 May 1989 | State Bank of India | ₹75,000 | Open |
| 26 Oct 1987 | The Tamil Nadu Industrial Investment Corporation Limited | ₹1.07 Lakh | Open |
| 16 Jul 1987 | State Bank of India | ₹5.51 Cr | Open |
| 16 Jul 1987 | State Bank of India | ₹28.5 Lakh | Open |
| 12 May 1987 | The Tamil Nadu Industrial Investment Corporation Limited | ₹2.45 Lakh | Open |
Total charge records: 8 View all charges
Employees and EPFO Compliance at Elasto Mills Private Limited
Elasto Mills Private Limited has a workforce of 26 employees as of Mar 31, 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.
Recent Activity on Elasto Mills Private Limited
Elasto Mills Private Limited has 3 board changes on record since 1985: 3 appointments. The latest: George Peter Peter George was appointed as Whole-Time Director on 01 Apr 1992.
8 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Elasto 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 Elasto 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 Elasto 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 Elasto Mills Private Limited
Elasto Mills has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACE1358E1Z6 | 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 Elasto 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 Elasto Mills Private Limited
Elasto Mills is an active private limited company based in Chennai, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 19 November 1985 (41+ years old) and is registered under CIN U25200TN1985PTC012383.
Elasto Mills reported revenue of ₹1.48 Cr for FY 2025 (up 4% YoY).
Elasto Mills has 3 current directors:
- George Peter Peter George - Whole-Time Director
- George Peter Bobby George - Director
- Omana George - Director
Elasto Mills reported a net loss of ₹18.13 Lakh (net margin -12.3%) and EBITDA of -₹11.15 Lakh (EBITDA margin -7.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Elasto Mills is -12% over three years and -7% over five years. In the latest year (FY 2025) revenue rose 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Elasto Mills is 33AAACE1358E1Z6, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Elasto Mills is U25200TN1985PTC012383. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Elasto Mills was incorporated on 19 November 1985, making it 41+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Elasto Mills by revenue are Square Weave Private Limited, Krishna Ravi Textile Processors Pvt Ltd, Niranjana Cotex Private Limited, Krishkam Exports Private Limited, Applecake Enterprises Private Limited and 5 more, all in the Manufacturing industry (Textiles).
George Peter Peter George was appointed as Whole-Time Director on 01 Apr 1992. George Peter Bobby George was appointed as Director on 09 Apr 1990. Omana George was appointed as Director on 19 Nov 1985.
The registered office of Elasto Mills is at A – 6 Mugappair Industrial Estate Padi, Chennai, Tamil Nadu, India – 600050.