MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-28-0022826
G M S Processors Private Limited - manufacturing in Coimbatore, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹54.86 Cr
▼ 11% YoY
Net loss · FY 2024
₹2.83 Cr
Net margin -5.2%
EBITDA · FY 2024
₹2.61 Cr
EBITDA margin 4.8%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹35.41 Cr
Satisfied ₹9.68 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
78
Provident fund records
About G M S Processors Private Limited
Data last updated:
G M S Processors 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 19 September 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17121TZ2002PTC010320. Its GSTIN is 33AABCG8815F1ZT (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It is led by directors Bindiya Govind Karnani and Sharan Karnani.
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 Kiran Gardenarul Puram Palladam Road Tirupur, Coimbatore, Tamil Nadu, India – 641605.
As per the financials filed for FY 2024, the company reported a revenue of ₹54.86 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net loss of ₹2.83 Cr (net margin -5.2%) and EBITDA of ₹2.61 Cr (EBITDA margin 4.8%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 6% over five years.
The company has about 78 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: GMS Processors. As per MCA filings, the company has open charges of ₹35.41 Cr and satisfied charges of ₹9.68 Cr on record. Court records list 25 cases involving the company, including 21 filed by the company and 4 filed against it; 3 cases are pending.
G M S Processors Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-28-0022826). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gmsprocessors.in.
Company details
CIN U17121TZ2002PTC010320
Registration Number 010320
Incorporation Date 19 September 2002
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-28-0022826
Recognitions & Rankings of G M S Processors
Contact details
G M S Processors Private Limited's registered office is in Coimbatore, Tamil Nadu. Its website is gmsprocessors.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressKiran Gardenarul Puram Palladam Road Tirupur, Coimbatore, Tamil Nadu, India – 641605
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of G M S Processors Private Limited, buy the company report.
Comprehensive company report
G M S Processors 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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Brands
G M S Processors operates one associated brand: GMS Processors. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Knit fabric processing, dyeing, and garment manufacturing services in India. | gmsprocessors.in |
Business activity
The main business activity of G M S Processors 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 G M S Processors Private Limited, buy the company report.
Financials of G M S Processors Private Limited
FY 2024 filings availableG M S Processors Private Limited reported revenue of ₹54.86 Cr (down 11% YoY) for FY 2024.
Revenue · FY 2024
₹54.86 Cr ▼ 11%
Net loss · FY 2024
₹2.83 Cr margin -5.2%
EBITDA · FY 2024
₹2.61 Cr margin 4.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 11%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▼ 63%
3 years · compounded
▼ 15%
5 years · compounded
▼ 15%
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 63% 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 | |||||
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| Cost of Materials Consumed | |||||
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| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.61 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹2.83 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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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 | 4.8% | ||||
| Net Profit Margin | -5.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of G M S Processors Private Limited, buy the company report.
Board of directors of G M S Processors Private Limited
G M S Processors has 2 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 |
|---|---|---|---|---|
| Bindiya Govind Karnani | Director | 30 Sep 2014 | 12 Years 0 Months | Current |
| Sharan Karnani | Director | 30 Sep 2014 | 12 Years 0 Months | Current |
Peer comparison
G M S Processors Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Sonali Dyeing and Printing Private Limited | ₹54.92 Cr (FY 2024) | -4.0% | Surat, Gujarat, India | |||
| Leotude Lifestyle Private Limited | ₹54.88 Cr (FY 2025) | 54.0% | Ahmedabad, Gujarat, India | |||
| Shree Jagdamba Textiles Private Limited | ₹54.87 Cr (FY 2025) | 51.0% | Ahmedabad, Gujarat, India | |||
| G M S Processors Private Limitedthis company | ₹54.86 Cr (FY 2024) | -₹2.83 Cr | -5.2% | -11.0% | 78 | Coimbatore, Tamil Nadu, India |
| Aerospace Materials Private Limited | ₹54.81 Cr (FY 2025) | 14.0% | Coimbatore, Tamil Nadu, India | |||
| Shri Nath Tex Prints Private Limited | ₹54.73 Cr (FY 2025) | 9.0% | Surat, Gujarat, India |
To see the full peer comparison of G M S Processors Private Limited, buy the company report.
Auditor
G M S Processors Private Limited is audited by MSS AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MSS AND CO | FY 2023 | 001893S |
Shareholding
The shareholding of G M S Processors 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 G M S Processors Private Limited, buy the company report.
Charges & borrowings
Open charges
₹35.41 Cr
Satisfied charges
₹9.68 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Apr 2025 | 101092392 | Hdfc Bank Limited | ₹72.9 Lakh | Open | |
| 11 Dec 2023 | 100837808 | Axis Bank Limited | ₹21.79 Cr | Open | |
| 14 May 2018 | 100188946 | Yes Bank Limited | ₹12.9 Cr | Open | |
| 26 Mar 2003 | 80024771 | Bank of India | ₹8.68 Cr | Satisfied | |
| 26 Mar 2003 | 90004068 | Bank of India | ₹1 Cr | Satisfied |
To see the full charge records of G M S Processors Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
G M S Processors Private Limited has 25 court cases on record: 21 filed by G M S Processors, 4 filed against it. 3 cases are pending and 22 are disposed.
Total cases
25
Filed by the company
21
Filed against the company
4
Pending
3
Disposed
22
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 4 | 3 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruppur, Tamil Nadu | Appeal | Filed against the company by Mandala Apparels Pvt Ltd and 1 other | Disposed |
| District court, Tiruppur, Tamil Nadu | Criminal case | Filed by the company against M/S.Mandala Apparels Pvt.Ltd and 1 other | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| District court, Tiruppur, Tamil Nadu | Criminal case | Filed by the company against Jay Vishnu Textiles, Rep.By M.Radhakrishnan | Pending |
To see the full case history of G M S Processors 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
G M S Processors Private Limited was last rated by Brickwork on 22 Feb 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 22 Feb 2022 |
To see the full credit ratings and regulatory alerts of G M S Processors Private Limited, buy the company report.
MSME payment delays
G M S Processors Private Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 1,171 overdue payments to 72 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 (5 of 72)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Sun Dye Chem - Tirupur | |||
| Fabtech International Hosieries Private Limited | |||
| Fab Colours - Tirupur |
To see the full MSME payment records of G M S Processors Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
G M S Processors Private Limited has a workforce of 78 employees on its EPFO records as of Oct 10, 2025, across 1 active EPFO establishment.
Employee count
78
Active EPFO establishments
1
Employee growth
-53.29%
GST
G M S Processors has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCG8815F1ZT | Tamil Nadu | Active | 01 Jul 2017 |
| 27AABCG8815F1ZM | Maharashtra | Active | 29 Jul 2017 |
To see the full GST registrations and return filing status of G M S Processors Private Limited, buy the company report.
Recent activity
G M S Processors Private Limited has 8 board changes on record since 2002: 5 appointments and 3 cessations. The latest: Govind Chandiram Karnani ceased to be Whole-Time Director on 16 Feb 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.73 Cr with Charge ID 101092392 was registered on 26 Apr 2025.
Ceased
Govind Chandiram Karnani ceased to be Whole-Time Director.
Charges
A charge with Axis Bank Limited of Rs. 21.79 Cr registered on 11 Dec 2023 with Charge ID 100837808 was modified on 17 Oct 2024.
AGM
G M S Processors Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Yes Bank Limited of Rs. 12.90 Cr registered on 14 May 2018 with Charge ID 100188946 was modified on 01 Jun 2024.
Filing
G M S Processors Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Charges
A charge with Axis Bank Limited amounted to Rs. 21.79 Cr with Charge ID 100837808 was registered on 11 Dec 2023.
Charges
A charge registered on 26 Mar 2003 via Charge ID 90004068 with Bank Of India was fully satisfied on 10 Sep 2018.
Charges
A charge registered on 26 Mar 2003 via Charge ID 80024771 with Bank Of India was fully satisfied on 10 Sep 2018.
Charges
A charge with Yes Bank Limited amounted to Rs. 12.90 Cr with Charge ID 100188946 was registered on 14 May 2018.
Ceased
Srirangasamy Selvakumar ceased to be Whole-Time Director.
Ceased
Chikkanapuram Selvakumar Vikrammraja ceased to be Director.
10 earlier events are in the company report.
Frequently asked questions
G M S Processors 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 19 September 2002 (24+ years old) and is registered under CIN U17121TZ2002PTC010320.
G M S Processors has 2 current directors:
- Bindiya Govind Karnani - Director
- Sharan Karnani - Director
The latest financial statements of G M S Processors 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 G M S Processors is 33AABCG8815F1ZT, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AABCG8815F1ZM (Maharashtra).
The CIN (Corporate Identification Number) of G M S Processors is U17121TZ2002PTC010320. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
G M S Processors has 25 court cases on record: 21 filed by the company and 4 filed against it. 3 are pending.
G M S Processors was incorporated on 19 September 2002, making it 24+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of G M S Processors by revenue are Sonali Dyeing and Printing Private Limited, Leotude Lifestyle Private Limited, Shree Jagdamba Textiles Private Limited, Aerospace Materials Private Limited, Shri Nath Tex Prints Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Govind Chandiram Karnani ceased to be Whole-Time Director on 16 Feb 2025. Srirangasamy Selvakumar ceased to be Whole-Time Director on 13 Jul 2017. Chikkanapuram Selvakumar Vikrammraja ceased to be Director on 17 Apr 2017. G M S Processors has 8 board changes on record in total.
Yes, G M S Processors is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-28-0022826).
G M S Processors has 8 MSME Form 1 returns on record between 2019 and 2023, listing 1,171 overdue payments to 72 micro and small suppliers. The latest return was filed on 27 Aug 2023.
G M S Processors can be reached through the website gmsprocessors.in. Its registered office is in Coimbatore, Tamil Nadu, India.