MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-03-0014345
Jaivignesh Spinner Covai Private Limited
Jaivignesh Spinner Covai Private Limited - manufacturing in Coimbatore, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹1.71 Cr
▼ 38% YoY
Net loss · FY 2025
₹14.93 Lakh
Net margin -8.7%
EBITDA · FY 2025
₹35,243
EBITDA margin 0.2%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.45 Cr
Issued & subscribed
Satisfied charges
₹7.81 Cr
No open charges
Company age
22 yrs
Est. 2004
Directors on board
2
As per MCA filings
About Jaivignesh Spinner Covai Private Limited
Data last updated:
Jaivignesh Spinner Covai 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 20 October 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ2004PTC011398. Its GSTIN is 33AABCJ5123H1ZZ (Tamil Nadu).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.45 Cr. It was formerly known as Jaivignesh Spinner Covai Limited. It is led by directors Velusamy Sengottaiyan and Latha Velusamy.
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 No: 9/3 – A School Street Chinnavedampatti, Coimbatore, Tamil Nadu, India – 641006.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.71 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net loss of ₹14.93 Lakh (net margin -8.7%) and EBITDA of ₹35,243 (EBITDA margin 0.2%). Revenue has declined at a compounded annual rate (CAGR) of 59% over three years and 37% over five years.
As per MCA filings, the company has satisfied charges of ₹7.81 Cr on record.
Jaivignesh Spinner Covai Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-03-0014345). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17111TZ2004PTC011398
Registration Number 011398
Incorporation Date 20 October 2004
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-03-0014345
Name history
Jaivignesh Spinner Covai has undergone 2 name changes throughout its history. The company was previously known as Jaivignesh Spinner Covai Private Limited, and Jaivignesh Spinner Covai Limited. The current legal name is Jaivignesh Spinner Covai Private Limited.
| Company Name | Status |
|---|---|
| Jaivignesh Spinner Covai Private Limited | Current |
| Jaivignesh Spinner Covai Limited | Previous |
CIN history
Jaivignesh Spinner Covai has one previous CIN (Corporate Identification Number): U17111TZ2004PLC011398. The current CIN is U17111TZ2004PTC011398, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17111TZ2004PTC011398 | Current |
| U17111TZ2004PLC011398 | Previous |
Recognitions & Rankings of Jaivignesh Spinner Covai
Contact details
Jaivignesh Spinner Covai Private Limited's registered office is in Coimbatore, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo: 9/3 – A School Street Chinnavedampatti, Coimbatore, Tamil Nadu, India – 641006
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Jaivignesh Spinner Covai Private Limited, buy the company report.
Comprehensive company report
Jaivignesh Spinner Covai 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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Business activity
The main business activity of Jaivignesh Spinner Covai 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 Jaivignesh Spinner Covai Private Limited, buy the company report.
Financials of Jaivignesh Spinner Covai Private Limited
FY 2024 filings availableJaivignesh Spinner Covai Private Limited reported revenue of ₹1.71 Cr (down 38% YoY) for FY 2025.
Revenue · FY 2025
₹1.71 Cr ▼ 38%
Net loss · FY 2025
₹14.93 Lakh margin -8.7%
EBITDA · FY 2025
₹35,243 margin 0.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 38%
3 years · compounded
▼ 59%
5 years · compounded
▼ 37%
EBITDA CAGR growth
1 year
▲ 100%
3 years · compounded
▼ 83%
5 years · compounded
▼ 67%
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 38% fall in the latest year. EBITDA rose 100% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹35,243 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹14.93 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.2% | ||||
| Net Profit Margin | -8.7% | ||||
| 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 Jaivignesh Spinner Covai Private Limited, buy the company report.
Board of directors of Jaivignesh Spinner Covai Private Limited
Jaivignesh Spinner Covai 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 |
|---|---|---|---|---|
| Velusamy Sengottaiyan Also directs: Thirumalai Cartons Private Limited | Director | 20 Oct 2004 | 22 Years 0 Months | Current |
| Latha Velusamy Also directs: Thirumalai Cartons Private Limited | Director | 17 Dec 2004 | 21 Years 10 Months | Current |
Peer comparison
Jaivignesh Spinner Covai 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 |
|---|---|---|---|---|---|---|
| MM Vision Trade Private Limited | ₹1.71 Cr (FY 2025) | -4.0% | Jaipur, Rajasthan, India | |||
| Symbolic Finance and Investment Pvt Ltd | ₹1.71 Cr (FY 2021) | -28.0% | Ahmedabad, Gujarat, India | |||
| Coral Casual Wears Pvt Ltd | ₹1.71 Cr (FY 2018) | -77.0% | Kolkata, West Bengal, India | |||
| G.A. Apparel Private Limited | ₹1.71 Cr (FY 2024) | 57.0% | Hyderabad, Telangana, India | |||
| Jaivignesh Spinner Covai Private Limitedthis company | ₹1.71 Cr (FY 2025) | -₹14.93 Lakh | -8.7% | -38.0% | Coimbatore, Tamil Nadu, India | |
| Tulsi Syntex Private Limited | ₹1.71 Cr (FY 2024) | 181.0% | Surat, Gujarat, India |
To see the full peer comparison of Jaivignesh Spinner Covai Private Limited, buy the company report.
Auditor
Jaivignesh Spinner Covai Private Limited is audited by TS AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| TS AND CO | FY 2023 | 18159S |
Shareholding
The shareholding of Jaivignesh Spinner Covai 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 Jaivignesh Spinner Covai Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹7.81 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Dec 2018 | 100231690 | Others | ₹2.29 Cr | Satisfied | |
| 28 Jan 2013 | 10409482 | State Bank of India | ₹1.25 Cr | Satisfied | |
| 10 Sep 2005 | 80051683 | State Bank of India | ₹4.27 Cr | Satisfied |
To see the full charge records of Jaivignesh Spinner Covai Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Jaivignesh Spinner Covai Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Jaivignesh Spinner Covai Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Jaivignesh Spinner Covai has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCJ5123H1ZZ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Jaivignesh Spinner Covai Private Limited, buy the company report.
Recent activity
Jaivignesh Spinner Covai Private Limited has 5 board changes on record since 2004: 2 appointments and 3 cessations. The latest: Koushik Dayanidhi Velusamy ceased to be Additional Director on 29 Sep 2017.
AGM
Jaivignesh Spinner Covai Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge registered on 31 Dec 2018 via Charge ID 100231690 with Others was fully satisfied on 03 Sep 2024.
Filing
Jaivignesh Spinner Covai Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Charges
A charge with Others of Rs. 2.29 Cr registered on 31 Dec 2018 with Charge ID 100231690 was modified on 21 Mar 2022.
Charges
A charge registered on 28 Jan 2013 via Charge ID 10409482 with State Bank Of India was fully satisfied on 29 Jan 2019.
Charges
A charge registered on 10 Sep 2005 via Charge ID 80051683 with State Bank Of India was fully satisfied on 29 Jan 2019.
Charges
A charge with Others amounted to Rs. 2.29 Cr with Charge ID 100231690 was registered on 31 Dec 2018.
Ceased
Koushik Dayanidhi Velusamy ceased to be Additional Director.
Charges
A charge with State Bank Of India of Rs. 4.27 Cr registered on 10 Sep 2005 with Charge ID 80051683 was modified on 07 Jun 2017.
Ceased
Sengodagounder Chinnusamy ceased to be Director.
Ceased
Sengottaiyan Chinnuswamy Shanthi ceased to be Director.
Charges
A charge with State Bank Of India amounted to Rs. 1.25 Cr with Charge ID 10409482 was registered on 28 Jan 2013.
4 earlier events are in the company report.
Frequently asked questions
Jaivignesh Spinner Covai 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 20 October 2004 (22+ years old) and is registered under CIN U17111TZ2004PTC011398.
Jaivignesh Spinner Covai has 2 current directors:
- Velusamy Sengottaiyan - Director
- Latha Velusamy - Director
The latest financial statements of Jaivignesh Spinner Covai 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 Jaivignesh Spinner Covai is 33AABCJ5123H1ZZ, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Jaivignesh Spinner Covai is U17111TZ2004PTC011398. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jaivignesh Spinner Covai was incorporated on 20 October 2004, making it 22+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Jaivignesh Spinner Covai by revenue are MM Vision Trade Private Limited, Symbolic Finance and Investment Pvt Ltd, Coral Casual Wears Pvt Ltd, G.A. Apparel Private Limited, Tulsi Syntex Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Koushik Dayanidhi Velusamy ceased to be Additional Director on 29 Sep 2017. Sengodagounder Chinnusamy ceased to be Director on 28 Mar 2017. Sengottaiyan Chinnuswamy Shanthi ceased to be Director on 28 Mar 2017. Jaivignesh Spinner Covai has 5 board changes on record in total.
Yes, Jaivignesh Spinner Covai is registered as a small enterprise under Udyam registration (number: UDYAM-TN-03-0014345).
The registered office of Jaivignesh Spinner Covai is at No: 93 – A School Street Chinnavedampatti, Coimbatore, Tamil Nadu, India – 641006.
Jaivignesh Spinner Covai operates in the manufacturing industry, in the textile and fabric production segment.
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