MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-28-0001782
Excel Cotspin India Private Limited
Excel Cotspin India Private Limited - manufacturing in Tirupur, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹55.31 Cr
▲ 13% YoY
Net loss · FY 2024
₹53.85 Lakh
Net margin -1%
EBITDA · FY 2024
₹68.23 Lakh
EBITDA margin 1.2%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹19 Cr
Satisfied ₹38.83 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
81
Provident fund records
About Excel Cotspin India Private Limited
Data last updated:
Excel Cotspin India Private Limited is a private limited company based in Tirupur, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 25 September 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ1996PTC009042. Its GSTIN is 33AAACE9365K1ZE (Tamil Nadu).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹50 Lakh. It was formerly known as Mercury Spinning Mills Private Limited. It is led by directors Ammasaikutti and Ammasaikutti 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 21 Dharapuram Road Thillai Nagar, Tirupur, Tamil Nadu, India – 641608.
As per the financials filed for FY 2024, the company reported a revenue of ₹55.31 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net loss of ₹53.85 Lakh (net margin -1%) and EBITDA of ₹68.23 Lakh (EBITDA margin 1.2%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 1% over five years.
The company has about 81 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹19 Cr and satisfied charges of ₹38.83 Cr on record. Court records list 23 cases involving the company, including 18 filed by the company and 5 filed against it. The company has 6 deals on record (6 secondary share transfers); the latest was in July 2021. Its 7 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 3 smaller; the largest is Zenith Fibres Limited with revenue of ₹55.5 Cr.
Excel Cotspin India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-28-0001782). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17111TZ1996PTC009042
Registration Number 009042
Incorporation Date 25 September 1996
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-28-0001782
Recognitions & Rankings of Excel Cotspin India
Contact details
Excel Cotspin India Private Limited's registered office is in Tirupur, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address21 Dharapuram Road Thillai Nagar, Tirupur, Tamil Nadu, India – 641608
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Excel Cotspin India Private Limited, buy the company report.
Comprehensive company report
Excel Cotspin 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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Secure checkout · GST invoice included
Business activity
The main business activity of Excel Cotspin 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 Excel Cotspin India Private Limited, buy the company report.
Financials of Excel Cotspin India Private Limited
FY 2024 filings availableExcel Cotspin India Private Limited reported revenue of ₹55.31 Cr (up 13% YoY) for FY 2024.
Revenue · FY 2024
₹55.31 Cr ▲ 13%
Net loss · FY 2024
₹53.85 Lakh margin -1%
EBITDA · FY 2024
₹68.23 Lakh margin 1.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 8%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 64%
3 years · compounded
▼ 51%
5 years · compounded
▼ 25%
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 13% growth in the latest year. EBITDA rose 64% 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 | ₹68.23 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹53.85 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.2% | ||||
| Net Profit Margin | -1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Excel Cotspin India Private Limited, buy the company report.
Board of directors of Excel Cotspin India Private Limited
Excel Cotspin India has 2 current directors and 7 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, Chola Textiles Private Limited, Pandian Textile Mills Private Limited and 3 more | Director | 09 Sep 2002 | 24 Years 1 Months | Current |
| Ammasaikutti Dhanabakiyam Also directs: Chola Textiles Private Limited, Pandian Textile Mills Private Limited, Pallava Spinning Mills Private Limited and 2 more | Director | 24 Mar 2020 | 6 Years 6 Months | Current |
Peer comparison
Excel Cotspin India Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Zenith Fibres Limited | ₹55.5 Cr (FY 2025) | 49.0% | Mumbai, Maharashtra, India | |||
| Manoj Prints Private Limited | ₹55.42 Cr (FY 2025) | 9.0% | Ahmedabad, Gujarat, India | |||
| Creative Dyeing and Printing Mills Private Limited | ₹55.42 Cr (FY 2022) | 0.0% | Faridabad, Haryana, India | |||
| Birmi Impex Private Limited | ₹55.32 Cr (FY 2024) | 14.0% | New Delhi, Delhi, India | |||
| Excel Cotspin India Private Limitedthis company | ₹55.31 Cr (FY 2024) | -₹53.85 Lakh | -1% | 13.0% | 81 | Tirupur, Tamil Nadu, India |
| S.T. Woollen Mills Private Limited. | ₹55.31 Cr (FY 2025) | 20.0% | New Delhi, Delhi, India | |||
| Jaibalajee Polypark Private Limited | ₹55.27 Cr (FY 2025) | 75.0% | Muzaffarpur, Bihar, India | |||
| Shubham Polyspin Limited | ₹55.18 Cr (FY 2025) | 9.0% | Kadi, Gujarat, India |
To see the full peer comparison of Excel Cotspin India Private Limited, buy the company report.
Auditor
Excel Cotspin India Private Limited is audited by V.LOGANATHAN for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V.LOGANATHAN | FY 2023 | 211300 |
Shareholding
The shareholding of Excel Cotspin 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 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 Excel Cotspin India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹19 Cr
Satisfied charges
₹38.83 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Feb 2020 | 100327025 | Axis Bank Limited | ₹19 Cr | Open | |
| 26 Feb 2018 | 100184760 | Others | ₹12.5 Cr | Satisfied | |
| 03 Nov 2004 | 90009289 | State Bank of India | ₹17.22 Cr | Satisfied | |
| 25 Sep 2003 | 90009130 | Indusind Bank Limited | ₹7.11 Cr | Satisfied | |
| 05 Mar 2003 | 90009063 | Indusind Bank Limited | ₹2 Cr | Satisfied |
To see the full charge records of Excel Cotspin India Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Excel Cotspin India Private Limited has 6 deals on record (6 secondary share transfers); the latest was in July 2021.
Total deals
6
Secondary share transfers
6
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
To see the full deal history of Excel Cotspin India 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
Excel Cotspin India Private Limited has 23 court cases on record: 18 filed by Excel Cotspin India, 5 filed against it. All cases are disposed.
Total cases
23
Filed by the company
18
Filed against the company
5
Disposed
23
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 20 | 2 | 0 |
| Supreme Court | 3 | 3 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Writ petition | Filed by the company against Tamilnadu Power Distribution Corporation Ltd | Disposed |
| Madras High Court | Writ petition | Filed by the company against an individual | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against State of Tamil Nadu and 4 others | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against State of Tamil Nadu and 4 others | Disposed |
To see the full case history of Excel Cotspin 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.
Credit ratings & regulatory alerts
Excel Cotspin India Private Limited was last rated by Crisil on 06 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 06 Jul 2021 |
To see the full credit ratings and regulatory alerts of Excel Cotspin India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Excel Cotspin India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Excel Cotspin India Private Limited has a workforce of 81 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
81
Active EPFO establishments
1
Employee growth
24.62%
GST
Excel Cotspin India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACE9365K1ZE | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Excel Cotspin India Private Limited, buy the company report.
Recent activity
Excel Cotspin India Private Limited has 16 board changes on record since 1996: 9 appointments and 7 cessations. The latest: Senniappagounder ceased to be Director on 31 Aug 2020.
Charges
A charge with Axis Bank Limited of Rs. 19.00 Cr registered on 19 Feb 2020 with Charge ID 100327025 was modified on 12 May 2025.
AGM
Excel Cotspin India Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Excel Cotspin India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Charges
A charge registered on 26 Feb 2018 via Charge ID 100184760 with Others was fully satisfied on 31 Aug 2020.
Ceased
Senniappagounder ceased to be Director.
Appointed
Ammasaikutti Dhanabakiyam was appointed as Director.
Charges
A charge with Axis Bank Limited amounted to Rs. 19.00 Cr with Charge ID 100327025 was registered on 19 Feb 2020.
Charges
A charge with Others of Rs. 12.50 Cr registered on 26 Feb 2018 with Charge ID 100184760 was modified on 04 Sep 2018.
Charges
A charge registered on 03 Nov 2004 via Charge ID 90009289 with State Bank Of India was fully satisfied on 20 Apr 2018.
Charges
A charge with Others amounted to Rs. 12.50 Cr with Charge ID 100184760 was registered on 26 Feb 2018.
Ceased
Anandhi Dinesh ceased to be Director.
Ceased
Kama Lam ceased to be Director.
19 earlier events are in the company report.
Frequently asked questions
Excel Cotspin India is an active private limited company based in Tirupur, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 25 September 1996 (30+ years old) and is registered under CIN U17111TZ1996PTC009042.
Excel Cotspin India has 2 current directors:
- Ammasaikutti - Director
- Ammasaikutti Dhanabakiyam - Director
The latest financial statements of Excel Cotspin 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 Excel Cotspin India is 33AAACE9365K1ZE, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Excel Cotspin India is U17111TZ1996PTC009042. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Excel Cotspin India has 23 court cases on record: 18 filed by the company and 5 filed against it. Most are in the high courts.
Excel Cotspin India was incorporated on 25 September 1996, making it 30+ years old. It is registered with the Registrar of Companies, Coimbatore.
Excel Cotspin India has 6 deals on record (6 secondary share transfers); the latest was in July 2021.
The peers of Excel Cotspin India by revenue are Zenith Fibres Limited, Manoj Prints Private Limited, Creative Dyeing and Printing Mills Private Limited, Birmi Impex Private Limited, S.T. Woollen Mills Private Limited. and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Senniappagounder ceased to be Director on 31 Aug 2020. Ammasaikutti Dhanabakiyam was appointed as Director on 24 Mar 2020. Anandhi Dinesh ceased to be Director on 30 Mar 2016. Excel Cotspin India has 16 board changes on record in total.
Yes, Excel Cotspin India is registered as a small enterprise under Udyam registration (number: UDYAM-TN-28-0001782).