Jaimurugan Textiles Limited
About Jaimurugan Textiles Limited
Data last updated:
Jaimurugan Textiles Limited is a public limited company based in Tirupur, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 27 February 1990.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ1990PLC002634. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.5 Cr. It is led by directors including Harisaran Tirupur Ravichandran (Managing Director) and Paramasivamchettiar Muruganantham.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at No. 693/1A R. G. F. Complex Dharapuram Road, Tirupur, Tamil Nadu, India – 641608.
As per the financials filed for FY 2015, the company reported a revenue of ₹5.23 Cr, a decline of 89% compared to the previous year. For the same year it recorded a net loss of ₹1.77 Cr (net margin -33.9%) and EBITDA of -₹23.2 Lakh (EBITDA margin -4.4%).
As per MCA filings, the company has satisfied charges of ₹65.05 Cr on record. Court records list 93 cases involving the company, including 69 filed by the company and 24 filed against it; 3 cases are pending.
Company details
Contact details
Jaimurugan Textiles Limited's registered office is in Tirupur, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo. 693/1A R. G. F. Complex Dharapuram Road, Tirupur, Tamil Nadu, India – 641608
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Jaimurugan Textiles 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 Jaimurugan Textiles 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 Jaimurugan Textiles Limited, buy the company report.
Financials of Jaimurugan Textiles Limited
FY 2015 filings availableJaimurugan Textiles Limited reported revenue of ₹5.23 Cr (down 89% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 89% in the latest year. EBITDA fell 107% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹5.23 Cr |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | -₹23.2 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹1.77 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
| Metrics | FY 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | -4.4% |
| Net Profit Margin | -33.9% |
| 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 Jaimurugan Textiles Limited, buy the company report.
Board of directors of Jaimurugan Textiles Limited
Jaimurugan Textiles has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Paramasivamchettiar Muruganantham | Director | 30 Jan 2014 | 12 Years 8 Months | As last reported |
| Harisaran Tirupur Ravichandran | Managing Director | 03 Aug 2015 | 11 Years 2 Months | As last reported |
| Vigneshraj Manisekaran | Director | 03 Aug 2015 | 11 Years 2 Months | As last reported |
Peer comparison
Jaimurugan Textiles 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 |
|---|---|---|---|---|---|---|
| Bhairav Yarns Private Limited | ₹5.24 Cr (FY 2025) | -9.0% | Mumbai, Maharashtra, India | |||
| Bon Shirtings Pvt Ltd | ₹5.24 Cr (FY 2025) | 8.0% | Bhilwara, Rajasthan, India | |||
| Sree Prashant Spinners Limited | ₹5.23 Cr (FY 2016) | -69.0% | Chennai, Tamil Nadu, India | |||
| Jaimurugan Textiles Limitedthis company | ₹5.23 Cr (FY 2015) | -₹1.77 Cr | -33.9% | -89.0% | Tirupur, Tamil Nadu, India | |
| Abhi Fab Private Limited | ₹5.23 Cr (FY 2024) | 13.0% | Delhi, India | |||
| Gurudev Textiles Processors Private Limited | ₹5.22 Cr (FY 2019) | -1.0% | Badlapur, Maharashtra, India | |||
| Sri Annapurna Cotton Mills & Industries Ltd | ₹5.22 Cr (FY 2025) | -36.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Jaimurugan Textiles Limited, buy the company report.
Auditor
Jaimurugan Textiles Limited is audited by MOHAN RAJ & SHUNMUGHUM for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MOHAN RAJ & SHUNMUGHUM | FY 2015 | 007938S |
Shareholding
The shareholding of Jaimurugan Textiles Limited is on record for FY 2015, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Jaimurugan Textiles Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jun 2015 | 10584512 | City Union Bank Limited | ₹2.5 Cr | Satisfied | |
| 07 Jan 2014 | 10480112 | City Union Bank Limited | ₹1 Cr | Satisfied | |
| 12 Jul 2013 | 10441341 | City Union Bank Limited | ₹1 Cr | Satisfied | |
| 22 Dec 2012 | 10450103 | City Union Bank Limited | ₹1 Cr | Satisfied | |
| 01 Mar 2005 | 90004612 | City Union Bank Limited | ₹56.55 Cr | Satisfied |
To see the full charge records of Jaimurugan Textiles Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Jaimurugan Textiles Limited has 93 court cases on record: 69 filed by Jaimurugan Textiles, 24 filed against it. 3 cases are pending and 90 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 76 | 20 | 2 |
| District courts | 17 | 4 | 1 |
Cases on record (5 of 93)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Nagpur, Maharashtra | Civil suit | Filed against the company by Shrigopal Rameshkumar Sales P. Ltd. | Pending |
| Madras High Court | Interim or miscellaneous application | Filed against the company by The Chairman, Tneb | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Icici Limited. | Disposed |
| District court, Tiruppur, Tamil Nadu | Criminal miscellaneous application | Filed by the company | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by The Secretary to Government | Disposed |
To see the full case history of Jaimurugan Textiles 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 Jaimurugan Textiles Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Jaimurugan Textiles Limited has 1 active EPFO establishment as of Apr 05, 2024.
GST
Jaimurugan Textiles has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Jaimurugan Textiles Limited, buy the company report.
Recent activity
Jaimurugan Textiles Limited has 11 board changes on record since 2008: 3 appointments and 8 cessations. The latest: Harisaran Tirupur Ravichandran ceased to be Director on 18 Aug 2015.
16 earlier events are in the company report.
Frequently asked questions
Jaimurugan Textiles is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Jaimurugan Textiles is a company under liquidation, formerly operating as a public limited company based in Tirupur, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 27 February 1990 and is registered under CIN U17111TZ1990PLC002634. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Jaimurugan Textiles has 3 current directors:
- Harisaran Tirupur Ravichandran - Managing Director
- Paramasivamchettiar Muruganantham - Director
- Vigneshraj Manisekaran - Director
The latest financial statements of Jaimurugan Textiles on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Jaimurugan Textiles is U17111TZ1990PLC002634. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jaimurugan Textiles has no open charges and satisfied charges of ₹65.05 Cr as per latest MCA filings.
Jaimurugan Textiles has 93 court cases on record: 69 filed by the company and 24 filed against it. 3 are pending. Most are in the high courts.
Jaimurugan Textiles was incorporated on 27 February 1990. It is registered with the Registrar of Companies, Coimbatore.
The peers of Jaimurugan Textiles by revenue are Bhairav Yarns Private Limited, Bon Shirtings Pvt Ltd, Sree Prashant Spinners Limited, Abhi Fab Private Limited, Gurudev Textiles Processors Private Limited and 1 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Harisaran Tirupur Ravichandran ceased to be Director on 18 Aug 2015. Manisekaran ceased to be Director on 18 Aug 2015. Harisaran Tirupur Ravichandran was appointed as Managing Director on 03 Aug 2015. Jaimurugan Textiles has 11 board changes on record in total.
The registered office of Jaimurugan Textiles is at No. 6931A R. G. F. Complex Dharapuram Road, Tirupur, Tamil Nadu, India – 641608.