Hetro Spinners Private Limited
About Hetro Spinners Private Limited
Data last updated:
Hetro Spinners Private Limited is a private limited company based in Guntur, Andhra Pradesh, India. It operates in the seed production and distribution segment of the agriculture sector. It was incorporated on 21 August 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U17121AP2009PTC064809. Its GSTIN is 37AANCS3533L1ZV (Andhra Pradesh).
The company has an authorised share capital of ₹14 Cr and a paid-up capital of ₹13.4 Cr. It was formerly known as Hetro Spinners Limited and Sai Manasa Spintex (India) Limited. It is led by directors Posani Venkatappaiah (Managing Director) and Maram Pitchaiah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at D.No. 3 – 28 – 18/165 5th Line Rajendra Nagar, Guntur, Andhra Pradesh, India – 522006.
As per the financials filed for FY 2022, the company reported a revenue of ₹8.57 Cr, a decline of 50% compared to the previous year. For the same year it recorded a net loss of ₹8.67 Cr (net margin -101.2%) and EBITDA of -₹14.05 Cr (EBITDA margin -164.1%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 27% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹41.57 Cr on record. Court records list 7 cases involving the company, including 4 filed by the company; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressD.No. 3 – 28 – 18/165 5th Line Rajendra Nagar, Guntur, Andhra Pradesh, India – 522006
- IndustryAgriculture, Seed Production & Distribution
- 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
Financials of Hetro Spinners Private Limited FY 2025 filings available
Hetro Spinners Private Limited reported revenue of ₹8.57 Cr (down 50% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Hetro Spinners Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 27% over five years, including a 50% fall 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 Hetro Spinners Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹8.57 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹14.05 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹8.67 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 of Hetro Spinners Private Limited
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -164.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -101.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Hetro Spinners 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.
Auditor Details of Hetro Spinners Private Limited
Hetro Spinners Private Limited is audited by POLINENI ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| POLINENI ASSOCIATES | 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 Hetro Spinners Private Limited
Hetro Spinners has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Posani Venkatappaiah Also directs: Nitya Exports Private Limited | Managing Director | 30 Dec 2015 | 10 Years 9 Months | Current |
| Maram Pitchaiah Also directs: Nitya Exports Private Limited | Director | 30 Dec 2015 | 10 Years 9 Months | Current |
Ownership and Shareholding of Hetro Spinners 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 Hetro Spinners Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Aug 2010 | Others | ₹41.57 Cr | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Hetro Spinners Private Limited
Hetro Spinners Private Limited has 7 court cases on record: 4 filed by Hetro Spinners, 3 where it is another party. 2 cases are pending and 5 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 0 | 2 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Andhra Pradesh | Writ petition | Filed by the company against State of Ap | Pending |
| High Court for State of Telangana | Writ petition | Company is another party | Pending |
| High Court of Andhra Pradesh | Writ petition | Filed by the company against State Bank of India | Disposed |
| High Court for State of Telangana | Writ petition | Filed by the company against Southern Power Distribution Company of | Disposed |
| High Court of Andhra Pradesh | Writ petition | Filed by the company against Southern Power Distribution Company of | Disposed |
Full case history
All 7 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Hetro Spinners Private Limited
Hetro Spinners Private Limited has a workforce of 26 employees as of Apr 06, 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.
Name History of Hetro Spinners Private Limited
Hetro Spinners has undergone 2 name changes throughout its history. The company was previously known as Hetro Spinners Limited, and Sai Manasa Spintex (India) Limited. The current legal name is Hetro Spinners Private Limited.
| Company Name | Status |
|---|---|
| Hetro Spinners Private Limited | Current |
| Hetro Spinners Limited | Previous |
| Sai Manasa Spintex (India) Limited | Previous |
CIN History of Hetro Spinners Private Limited
Hetro Spinners has one previous CIN (Corporate Identification Number): U17121AP2009PLC064809. The current CIN is U17121AP2009PTC064809, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17121AP2009PTC064809 | Current |
| U17121AP2009PLC064809 | Previous |
Recent Activity on Hetro Spinners Private Limited
Hetro Spinners Private Limited has 13 board changes on record since 2015: 2 appointments and 11 cessations. The latest: Gopala Reddy Kommareddy ceased to be Director on 10 Jun 2019.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Hetro Spinners 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 Hetro Spinners 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 Hetro Spinners 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 Hetro Spinners Private Limited
Hetro Spinners has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AANCS3533L1ZV | Andhra Pradesh | 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 Hetro Spinners 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 Hetro Spinners Private Limited
Hetro Spinners is an active private limited company based in Guntur, Andhra Pradesh, India. The company works in seed production and distribution, within the agriculture industry. It was incorporated on 21 August 2009 (17+ years old) and is registered under CIN U17121AP2009PTC064809.
Hetro Spinners reported revenue of ₹8.57 Cr for FY 2022 (down 50% YoY).
Hetro Spinners has 2 current directors:
- Posani Venkatappaiah - Managing Director
- Maram Pitchaiah - Director
Hetro Spinners reported a net loss of ₹8.67 Cr (net margin -101.2%) and EBITDA of -₹14.05 Cr (EBITDA margin -164.1%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Hetro Spinners is -34% over three years and -27% over five years. In the latest year (FY 2022) revenue fell 50%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Hetro Spinners is 37AANCS3533L1ZV, registered in Andhra Pradesh.
The CIN (Corporate Identification Number) of Hetro Spinners is U17121AP2009PTC064809. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hetro Spinners has 7 court cases on record: 4 filed by the company. 2 are pending.
Hetro Spinners was incorporated on 21 August 2009, making it 17+ years old. It is registered with the Registrar of Companies, Vijayawada.
Gopala Reddy Kommareddy ceased to be Director on 10 Jun 2019. Narendra Kumar Anne ceased to be Director on 01 Feb 2018. Rameswara Reddy Chinnarappa ceased to be Director on 01 Feb 2018. Hetro Spinners has 13 board changes on record in total.