MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-28-0013012
Everest Spinners India Private Limited
Everest Spinners India Private Limited - manufacturing in Palladam, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹33.19 Cr
▼ 21% YoY
Net profit · FY 2024
₹17.51 Lakh
Net margin 0.5%
EBITDA · FY 2024
₹1.55 Cr
EBITDA margin 4.7%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹13.37 Cr
Satisfied ₹10.79 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
56
Provident fund records
About Everest Spinners India Private Limited
Data last updated:
Everest Spinners India Private Limited is a private limited company based in Palladam, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 23 June 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ2004PTC011195. Its GSTIN is 33AABCE3308F1Z9 (Tamil Nadu).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It is led by directors including Arumugagounder Ponnusamy (Managing Director) and Ponnusamy Soundararaj (Managing Director).
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 S.F.No.473 Pollachi Road Venkitapuram, Palladam, Tamil Nadu, India – 641664.
As per the financials filed for FY 2024, the company reported a revenue of ₹33.19 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹17.51 Lakh (net margin 0.5%) and EBITDA of ₹1.55 Cr (EBITDA margin 4.7%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 8% over five years.
The company has about 56 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹13.37 Cr and satisfied charges of ₹10.79 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company.
Everest Spinners India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-28-0013012). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17111TZ2004PTC011195
Registration Number 011195
Incorporation Date 23 June 2004
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 Small
Udyam Registration UDYAM-TN-28-0013012
Key People
Arumugagounder Ponnusamy Managing Director Ponnusamy Soundararaj Managing Director Ponnusamy Janaki Director Recognitions & Rankings of Everest Spinners India
Contact details
Everest Spinners India Private Limited's registered office is in Palladam, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressS.F.No.473 Pollachi Road Venkitapuram, Palladam, Tamil Nadu, India – 641664
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Everest Spinners India Private Limited, buy the company report.
Comprehensive company report
Everest Spinners India 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 Everest Spinners India 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 Everest Spinners India Private Limited, buy the company report.
Financials of Everest Spinners India Private Limited
FY 2024 filings availableEverest Spinners India Private Limited reported revenue of ₹33.19 Cr (down 21% YoY) for FY 2024.
Revenue · FY 2024
₹33.19 Cr ▼ 21%
Net profit · FY 2024
₹17.51 Lakh margin 0.5%
EBITDA · FY 2024
₹1.55 Cr margin 4.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 21%
3 years · compounded
▲ 27%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 22%
3 years · compounded
▲ 9%
5 years · compounded
▲ 4%
Revenue fell 21% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA rose 22% 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 | ₹1.55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.51 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.7% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Everest Spinners India Private Limited, buy the company report.
Board of directors of Everest Spinners India Private Limited
Everest Spinners India has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arumugagounder Ponnusamy Also directs: Selvaganapathy Cotton Mills Private Limited | Managing Director | 20 May 2005 | 21 Years 5 Months | Current |
| Ponnusamy Soundararaj Also directs: Selvaganapathy Cotton Mills Private Limited | Managing Director | 20 May 2005 | 21 Years 5 Months | Current |
| Ponnusamy Janaki | Director | 07 Dec 2005 | 20 Years 11 Months | Current |
| Palladam Soundararaj Vijayalakshmi | Director | 07 Dec 2005 | 20 Years 11 Months | Current |
Peer comparison
Everest Spinners India 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 |
|---|---|---|---|---|---|---|
| Shiv Cotex India Private Limited | ₹33.26 Cr (FY 2025) | 45.0% | New Delhi, Delhi, India | |||
| Everest Spinners India Private Limitedthis company | ₹33.19 Cr (FY 2024) | ₹17.51 Lakh | 0.5% | -21.0% | 56 | Palladam, Tamil Nadu, India |
| Princy Fashion N Trends Private Limited | ₹33.18 Cr (FY 2025) | 28.0% | Mumbai, Maharashtra, India | |||
| Rasvick Apparels Private Limited | ₹33.16 Cr (FY 2025) | 87.0% | Mumbai, Maharashtra, India | |||
| Mahesh Dyeing and Printing Mills Private Limited | ₹33.16 Cr (FY 2025) | 16.0% | Tel: Palsana Kadodara Surat, Gujarat, India | |||
| Sel Manufacturing Company Limited | ₹33.15 Cr (FY 2025) | -91.0% | Ludhiana, Punjab, India | |||
| Sri Balamurugan Spintex India Private Limited | ₹33.15 Cr (FY 2016) | 42.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Everest Spinners India Private Limited, buy the company report.
Auditor
Everest Spinners India Private Limited is audited by THANDAPANI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| THANDAPANI & CO | FY 2023 | 004356S |
Shareholding
The shareholding of Everest Spinners India 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Everest Spinners India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹13.37 Cr
Satisfied charges
₹10.79 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Jul 2022 | 100599903 | City Union Bank Limited | ₹13.37 Cr | Open | |
| 30 Jan 2013 | 10400190 | Reliance Capital Ltd | ₹24.4 Lakh | Satisfied | |
| 24 Jun 2005 | 90001906 | The South Indian Bank Ltd | ₹10.55 Cr | Satisfied |
To see the full charge records of Everest Spinners India Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Everest Spinners India Private Limited has 4 court cases on record: 4 filed by Everest Spinners India. All cases are disposed.
Total cases
4
Filed by the company
4
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Writ petition | Filed by the company against Tamilnadupower Distribution Corporation Ltd and 1 other | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Tamilnadu Power Distribution Corporation Ltd and 1 other | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against individuals | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against individuals | Disposed |
To see the full case history of Everest Spinners India 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Everest Spinners India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Everest Spinners India Private Limited has a workforce of 56 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
56
Active EPFO establishments
1
Employee growth
-8.2%
GST
Everest Spinners India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCE3308F1Z9 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Everest Spinners India Private Limited, buy the company report.
Recent activity
Everest Spinners India Private Limited has 4 board changes on record since 2005: 4 appointments. The latest: Palladam Soundararaj Vijayalakshmi was appointed as Director on 07 Dec 2005.
Charges
A charge with City Union Bank Limited of Rs. 13.37 Cr registered on 18 Jul 2022 with Charge ID 100599903 was modified on 11 Aug 2025.
AGM
Everest Spinners India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Everest Spinners India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Charges
A charge registered on 24 Jun 2005 via Charge ID 90001906 with The South Indian Bank Ltd was fully satisfied on 14 Nov 2022.
Charges
A charge with City Union Bank Limited amounted to Rs. 13.37 Cr with Charge ID 100599903 was registered on 18 Jul 2022.
Charges
A charge registered on 30 Jan 2013 via Charge ID 10400190 with Reliance Capital Ltd was fully satisfied on 27 Jun 2019.
Charges
A charge with The South Indian Bank Ltd of Rs. 10.55 Cr registered on 24 Jun 2005 with Charge ID 90001906 was modified on 04 Mar 2015.
Charges
A charge with Reliance Capital Ltd amounted to Rs. 0.24 Cr with Charge ID 10400190 was registered on 30 Jan 2013.
Appointed
Palladam Soundararaj Vijayalakshmi was appointed as Director.
Appointed
Ponnusamy Janaki was appointed as Director.
Charges
A charge with The South Indian Bank Ltd amounted to Rs. 10.55 Cr with Charge ID 90001906 was registered on 24 Jun 2005.
Appointed
Arumugagounder Ponnusamy was appointed as Managing Director.
2 earlier events are in the company report.
Frequently asked questions
Everest Spinners India is an active private limited company based in Palladam, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 23 June 2004 (22+ years old) and is registered under CIN U17111TZ2004PTC011195.
Everest Spinners India has 4 current directors:
- Arumugagounder Ponnusamy - Managing Director
- Ponnusamy Soundararaj - Managing Director
- Ponnusamy Janaki - Director
- Palladam Soundararaj Vijayalakshmi - Director
The latest financial statements of Everest Spinners India 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 Everest Spinners India is 33AABCE3308F1Z9, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Everest Spinners India is U17111TZ2004PTC011195. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Everest Spinners India has 4 court cases on record: 4 filed by the company.
Everest Spinners India was incorporated on 23 June 2004, making it 22+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Everest Spinners India by revenue are Shiv Cotex India Private Limited, Princy Fashion N Trends Private Limited, Rasvick Apparels Private Limited, Mahesh Dyeing and Printing Mills Private Limited, Sel Manufacturing Company Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Palladam Soundararaj Vijayalakshmi was appointed as Director on 07 Dec 2005. Ponnusamy Janaki was appointed as Director on 07 Dec 2005. Arumugagounder Ponnusamy was appointed as Managing Director on 20 May 2005. Everest Spinners India has 4 board changes on record in total.
Yes, Everest Spinners India is registered as a small enterprise under Udyam registration (number: UDYAM-TN-28-0013012).
The registered office of Everest Spinners India is at S.F.No.473 Pollachi Road Venkitapuram, Palladam, Tamil Nadu, India – 641664.
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