Indian Yarn Limited
About Indian Yarn Limited
Data last updated:
Indian Yarn Limited is a public limited company based in Mohali, Punjab, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 09 August 1991.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17111PB1991PLC023217. Its GSTIN is 03AAACI7110E1ZB (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹14.84 Cr. It is led by directors including Kishan Parshad Bhatt (Whole-Time Director) and Manoj Kumar.
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 Village Himanyunpur 14 Km Lalru Handesra Road Post Office Lalru Distt. Sas Nagar, Mohali, Punjab, India – 140501.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.44 Lakh, a decline of 50% compared to the previous year. For the same year it recorded a net loss of ₹1.25 Cr and EBITDA of -₹1.22 Cr. Revenue has declined at a compounded annual rate (CAGR) of 50% over three years and 24% over five years.
As per MCA filings, the company has satisfied charges of ₹218.68 Cr on record. Court records list 21 cases involving the company, including 14 filed by the company and 7 filed against it; 14 cases are pending.
Company details
CIN history
Indian Yarn has one previous CIN (Corporate Identification Number): L17111PB1991PLC023217. The current CIN is U17111PB1991PLC023217, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17111PB1991PLC023217 | Current |
| L17111PB1991PLC023217 | Previous |
Contact details
Indian Yarn Limited's registered office is in Mohali, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressVillage Himanyunpur 14 Km Lalru Handesra Road Post Office Lalru Distt. Sas Nagar, Mohali, Punjab, India – 140501
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Indian Yarn Limited, buy the company report.
- 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
Business activity
The main business activity of Indian Yarn 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 Indian Yarn Limited, buy the company report.
Financials of Indian Yarn Limited
FY 2024 filings availableIndian Yarn Limited reported revenue of ₹6.44 Lakh (down 50% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 50% fall in the latest year. EBITDA rose 84% 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 |
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| EBITDA | -₹1.22 Cr | ||||
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| Net Profit (PAT) | -₹1.25 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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To see the full financial statements and ratios of Indian Yarn Limited, buy the company report.
Board of directors of Indian Yarn Limited
Indian Yarn has 3 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Kumar Also directs: K K Fibers Limited | Director | 15 May 2019 | 7 Years 5 Months | As last reported |
| Surjit Singh Also directs: Shiva Speciality Yarns Limited, Yogindera Worsted Limited, Hitech Dyeing and Finishing Mills Private Limited and 1 more | Director | 20 Jul 2015 | 11 Years 3 Months | As last reported |
| Kishan Parshad Bhatt Also directs: K K Fibers Limited | Whole-Time Director | 03 Apr 2019 | 7 Years 6 Months | As last reported |
Auditor
Indian Yarn Limited is audited by SANJEEV PAUL & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJEEV PAUL & CO | FY 2019 | 008850N |
Shareholding
The shareholding of Indian Yarn Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Indian Yarn Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2015 | 10615517 | Punjab National Bank | ₹46.14 Cr | Satisfied | |
| 10 Sep 2013 | 10452781 | Others | ₹37.36 Cr | Satisfied | |
| 24 Jun 2010 | 10228136 | Others | ₹5.6 Cr | Satisfied | |
| 11 May 2010 | 10224862 | Punjab Natioanl Bank | ₹8.4 Cr | Satisfied | |
| 01 Jan 2008 | 10088550 | Others | ₹6.68 Cr | Satisfied |
To see the full charge records of Indian Yarn Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Indian Yarn Limited has 21 court cases on record: 14 filed by Indian Yarn, 7 filed against it. 14 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 15 | 1 | 11 |
| District courts | 6 | 6 | 3 |
Cases on record (5 of 21)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by M/S Findoc Finvest Pvt Ltd | Pending |
| District court, Ferozepur, Punjab | Execution petition | Filed against the company by JMW Enterprises Alias Jamwal Enterprises Through Sunil Jamwal and 1 other | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by R.R. Chemicals and Industries Pvt Ltd., | Pending |
| High Court, PUNJAB | Tax appeal | Filed by the company against State of Punjab | Pending |
| High Court, PUNJAB | Writ petition | Filed by the company against State of Punjab and Anr. | Pending |
To see the full case history of Indian Yarn 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
Indian Yarn Limited was last rated by Care on 10 Apr 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 10 Apr 2023 |
To see the full credit ratings and regulatory alerts of Indian Yarn Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indian Yarn Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Indian Yarn Limited has 1 active EPFO establishment as of Apr 06, 2024.
GST
Indian Yarn has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACI7110E1ZB | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indian Yarn Limited, buy the company report.
Recent activity
Indian Yarn Limited has 26 board changes on record since 2007: 3 appointments and 23 cessations. The latest: Malkeet Kaur ceased to be Additional Director on 29 Jun 2023.
49 earlier events are in the company report.
Frequently asked questions
Indian Yarn is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Indian Yarn is a company under insolvency, formerly operating as a public limited company based in Mohali, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 09 August 1991 and is registered under CIN U17111PB1991PLC023217. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Indian Yarn has 3 current directors:
- Kishan Parshad Bhatt - Whole-Time Director
- Manoj Kumar - Director
- Surjit Singh - Director
The latest financial statements of Indian Yarn 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 CIN (Corporate Identification Number) of Indian Yarn is U17111PB1991PLC023217. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indian Yarn has no open charges and satisfied charges of ₹218.68 Cr as per latest MCA filings.
Indian Yarn has 21 court cases on record: 14 filed by the company and 7 filed against it. 14 are pending. Most are in the high courts.
Indian Yarn was incorporated on 09 August 1991. It is registered with the Registrar of Companies, Chandigarh.
Malkeet Kaur ceased to be Additional Director on 29 Jun 2023. Prem Parkash Thukral ceased to be Whole-Time Director on 10 Aug 2019. Puran Singh ceased to be Director on 16 May 2019. Indian Yarn has 26 board changes on record in total.
The registered office of Indian Yarn is at Village Himanyunpur 14 Km Lalru Handesra Road Post Office Lalru Distt. Sas Nagar, Mohali, Punjab, India – 140501.