India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,545 A R Subramaniam & family ₹1,300 Cr
Revenue · FY 2024
₹1,443.25 Cr
▲ 9% YoY
Net profit · FY 2024
₹2.64 Cr
Net margin 0.2%
EBITDA · FY 2024
₹190.96 Cr
EBITDA margin 13.2%
Authorised capital
₹21.6 Cr
Registered with MCA
Paid-up capital
₹21.6 Cr
Issued & subscribed
Open charges
₹738.05 Cr
Satisfied ₹1,918.43 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
2,989
Provident fund records
About Eveready Spinning Mills Private Limited
Data last updated:
Eveready Spinning Mills Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 01 July 2005 and has been in existence for over 21 years.
Its director A R Subramaniam and family are #1,545 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ2005PTC011949. Its GSTIN is 33AAACF9159Q1Z1 (Tamil Nadu). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹21.6 Cr and a paid-up capital of ₹21.6 Cr. It was formerly known as Fisher Spinning Mill India Private Limited and Mani Spinning Mills Private Limited. It is led by directors including Saravanakumar (Managing Director) and Appiyapalayam Ramasamy Subramaniam.
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 12 Jothi Theatreroad Tirupur, Coimbatore, Tamil Nadu, India – 641601.
As per the financials filed for FY 2024, the company reported a revenue of ₹1,443.25 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹2.64 Cr (net margin 0.2%) and EBITDA of ₹190.96 Cr (EBITDA margin 13.2%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 12% over five years.
The company has about 2,989 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
As per MCA filings, the company has open charges of ₹738.05 Cr and satisfied charges of ₹1,918.43 Cr on record.
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 evereadymills.com.
Company details
CIN U17111TZ2005PTC011949
Registration Number 011949
Incorporation Date 01 July 2005
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 Non-Compliant
Name history
Eveready Spinning Mills has undergone 2 name changes throughout its history. The company was previously known as Fisher Spinning Mill India Private Limited, and Mani Spinning Mills Private Limited. The current legal name is Eveready Spinning Mills Private Limited.
| Company Name | Status |
|---|---|
| Eveready Spinning Mills Private Limited | Current |
| Fisher Spinning Mill India Private Limited | Previous |
| Mani Spinning Mills Private Limited | Previous |
Key People
Saravanakumar Managing Director Appiyapalayam Ramasamy Subramaniam Director Subramaniam Chandrakumar Director Recognitions & Rankings of Eveready Spinning Mills
Contact details
Eveready Spinning Mills Private Limited's registered office is in Coimbatore, Tamil Nadu. Its website is evereadymills.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address12 Jothi Theatreroad Tirupur, Coimbatore, Tamil Nadu, India – 641601
- IndustryEnvironment, Wind Energy Solutions, Solar Energy Solutions
To see the full contact details of Eveready Spinning Mills Private Limited, buy the company report.
Comprehensive company report
Eveready Spinning Mills 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 Eveready Spinning Mills 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 Eveready Spinning Mills Private Limited, buy the company report.
Financials of Eveready Spinning Mills Private Limited
FY 2024 filings availableEveready Spinning Mills Private Limited reported revenue of ₹1,443.25 Cr (up 9% YoY) for FY 2024.
Revenue · FY 2024
₹1,443.25 Cr ▲ 9%
Net profit · FY 2024
₹2.64 Cr margin 0.2%
EBITDA · FY 2024
₹190.96 Cr margin 13.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 22%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 14%
5 years · compounded
▲ 13%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 9% growth in the latest year. EBITDA rose 2% 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 | ₹190.96 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.64 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13.2% | ||||
| Net Profit Margin | 0.2% | ||||
| 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 Eveready Spinning Mills Private Limited, buy the company report.
Board of directors of Eveready Spinning Mills Private Limited
Eveready Spinning Mills has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Appiyapalayam Ramasamy Subramaniam Also directs: Eveready Textiles Wind Farm LLP, Saravana Green Energy LLP, Cheran Textiles Wind Farm LLP and 5 more | Director | 01 Jul 2005 | 21 Years 4 Months | Current |
| Subramaniam Chandrakumar Also directs: Cheran Textiles Wind Farm LLP, Eveready Cotton Mills Private Limited, Mani Spinning Mills Private Limited and 4 more | Director | 01 Jul 2005 | 21 Years 4 Months | Current |
| Saravanakumar Also directs: Eveready Textiles Wind Farm LLP, Saravana Green Energy LLP, Eveready Cotton Mills Private Limited and 5 more | Managing Director | 01 Jul 2005 | 21 Years 4 Months | Current |
| Thilagavathi Also directs: Eveready Textiles Wind Farm LLP, Saravana Green Energy LLP, Eveready Cotton Mills Private Limited and 5 more | Director | 01 Jul 2005 | 21 Years 4 Months | Current |
Peer comparison
Eveready Spinning Mills Private Limited is compared with the 5 companies closest to it by revenue in the Cleantech industry (Solar Power, Textiles, Wind Power), 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 |
|---|---|---|---|---|---|---|
| Vishal Fabrics Limited | ₹1,521.43 Cr (FY 2025) | 5.0% | Sanand, Gujarat, India | |||
| Indian Designs Exports Private Limited | ₹1,447.82 Cr (FY 2025) | 15.0% | Ahmedabad, Gujarat, India | |||
| Eveready Spinning Mills Private Limitedthis company | ₹1,443.25 Cr (FY 2024) | ₹2.64 Cr | 0.2% | 9.0% | 2,989 | Coimbatore, Tamil Nadu, India |
| Eastman Exports Global Clothing Private Limited | ₹1,438.69 Cr (FY 2025) | 15.0% | Tirupur, Tamil Nadu, India | |||
| Ankur Udyog Limited | ₹1,427.41 Cr (FY 2025) | 3.0% | Gorakhpur, Uttar Pradesh, India | |||
| VSM Weavess India Private Limited | ₹1,396.08 Cr (FY 2025) | 9.0% | Namakkal, Tamil Nadu, India |
To see the full peer comparison of Eveready Spinning Mills Private Limited, buy the company report.
Auditor
Eveready Spinning Mills Private Limited is audited by VEKAM AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VEKAM AND ASSOCIATES | FY 2023 | 005256S |
Shareholding
The shareholding of Eveready Spinning Mills 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 Eveready Spinning Mills Private Limited, buy the company report.
Charges & borrowings
Open charges
₹738.05 Cr
Satisfied charges
₹1,918.43 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Oct 2025 | 101173191 | Axis Bank Limited | ₹40 Cr | Open | |
| 06 Nov 2024 | 101009305 | Others | ₹29.75 Cr | Open | |
| 14 Aug 2023 | 100791255 | Others | ₹6.13 Cr | Open | |
| 08 Sep 2022 | 100622900 | Hdfc Bank Limited | ₹26.2 Cr | Open | |
| 18 Oct 2021 | 100498410 | Axis Bank Limited | ₹18.75 Cr | Open |
To see the full charge records of Eveready Spinning Mills Private Limited, buy the company report.
Total charge records: 48 View all charges
Legal cases
No court or tribunal cases involving Eveready Spinning Mills Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Eveready Spinning Mills Private Limited was last rated by Care on 27 Dec 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 27 Dec 2021 |
To see the full credit ratings and regulatory alerts of Eveready Spinning Mills Private Limited, buy the company report.
MSME payment delays
Eveready Spinning Mills Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Chemin Enviro Systems Private Limited |
To see the full MSME payment records of Eveready Spinning Mills Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Eveready Spinning Mills has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Eveready Cotton Mills Private Limited | U17111TZ2006PTC012596 | |
| Eveready Synthetics Private Limited | U51909TZ2022PTC038869 |
To see the full group structure of Eveready Spinning Mills Private Limited, buy the company report.
Employees & EPFO
Eveready Spinning Mills Private Limited has a workforce of 2,989 employees on its EPFO records as of Apr 01, 2024, across 4 active EPFO establishments.
Employee count
2,989
Active EPFO establishments
4
Employee growth
21.9%
GST
Eveready Spinning Mills has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACF9159Q1Z1 | Tamil Nadu | Active | 01 Jul 2017 |
| 33AAACF9159Q2Z0 | Tamil Nadu | Active | 09 Jul 2019 |
| 33AAACF9159Q3ZZ | Tamil Nadu | Active | 14 Mar 2020 |
To see the full GST registrations and return filing status of Eveready Spinning Mills Private Limited, buy the company report.
Recent activity
Eveready Spinning Mills Private Limited has 7 board changes on record since 2005: 4 appointments and 3 cessations. The latest: Subramaniam Chandrakumar ceased to be Managing Director on 03 Jun 2016.
Charges
A charge with Axis Bank Limited amounted to Rs. 40.00 Cr with Charge ID 101173191 was registered on 08 Oct 2025.
Charges
A charge registered on 21 Oct 2020 via Charge ID 100397599 with Axis Bank Limited was fully satisfied on 07 Oct 2025.
Charges
A charge registered on 30 May 2020 via Charge ID 100345714 with State Bank Of India was fully satisfied on 15 Sep 2025.
Charges
A charge registered on 18 Jul 2019 via Charge ID 100284028 with State Bank Of India was fully satisfied on 15 Sep 2025.
Charges
A charge registered on 22 Aug 2024 via Charge ID 100987064 with Others was fully satisfied on 08 Sep 2025.
Charges
A charge registered on 22 Aug 2024 via Charge ID 100986308 with Others was fully satisfied on 05 Aug 2025.
Charges
A charge with Others amounted to Rs. 29.75 Cr with Charge ID 101009305 was registered on 06 Nov 2024.
AGM
Eveready Spinning Mills Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 20.74 Cr with Charge ID 100986308 was registered on 22 Aug 2024.
Charges
A charge with Others amounted to Rs. 69.60 Cr with Charge ID 100987064 was registered on 22 Aug 2024.
Filing
Eveready Spinning Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Charges
A charge registered on 07 Oct 2021 via Charge ID 100495404 with Axis Bank Limited was fully satisfied on 08 Jan 2024.
99 earlier events are in the company report.
Frequently asked questions
Eveready Spinning Mills is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 01 July 2005 (21+ years old) and is registered under CIN U17111TZ2005PTC011949.
Eveready Spinning Mills has 4 current directors:
- Saravanakumar - Managing Director
- Appiyapalayam Ramasamy Subramaniam - Director
- Subramaniam Chandrakumar - Director
- Thilagavathi - Director
The latest financial statements of Eveready Spinning Mills 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 Eveready Spinning Mills is 33AAACF9159Q1Z1, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 33AAACF9159Q2Z0 (Tamil Nadu), 33AAACF9159Q3ZZ (Tamil Nadu).
The CIN (Corporate Identification Number) of Eveready Spinning Mills is U17111TZ2005PTC011949. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Eveready Spinning Mills was incorporated on 01 July 2005, making it 21+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Eveready Spinning Mills by revenue are Vishal Fabrics Limited, Indian Designs Exports Private Limited, Eastman Exports Global Clothing Private Limited, Ankur Udyog Limited, VSM Weavess India Private Limited, all in the Cleantech industry (Solar Power, Textiles, Wind Power), with the same principal business activity (textile, leather and other apparel products).
Subramaniam Chandrakumar ceased to be Managing Director on 03 Jun 2016. Appiyapalayam Ramasamy Subramaniam ceased to be Managing Director on 28 Mar 2014. Saravanakumar ceased to be Director on 01 Nov 2007. Eveready Spinning Mills has 7 board changes on record in total.
Eveready Spinning Mills has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 2 overdue payments to 2 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Eveready Spinning Mills can be reached through the website evereadymills.com. Its registered office is in Coimbatore, Tamil Nadu, India.
The registered office of Eveready Spinning Mills is at 12 Jothi Theatreroad Tirupur, Coimbatore, Tamil Nadu, India – 641601.
Eveready Spinning Mills operates in the environment industry, in the wind energy solutions segment.
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