Kerala State Handloom Development Corpn Ltd
About Kerala State Handloom Development Corpn Ltd
Data last updated:
Kerala State Handloom Development Corpn Ltd is a public limited state government company based in Cannanore, Kerala, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 24 June 1968 and has been in existence for over 58 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U74140KL1968SGC002181. Its GSTIN is 32AAACK9862H1ZF (Kerala). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹59.49 Cr. It is led by directors including Sukumar Arunachalam (Managing Director) and Shaji Kochugovindan.
Its last annual general meeting (AGM) was held on 31 December 2024, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Pm 32/249 Thillery Road, Cannanore, Kerala, India – 670001.
As per the financials filed for FY 2022, the company reported a revenue of ₹13.12 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net loss of ₹10.17 Cr (net margin -77.5%) and EBITDA of -₹12.79 Cr (EBITDA margin -97.5%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years and 7% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹1.5 Lakh and satisfied charges of ₹3.54 Cr on record. Court records list 125 cases involving the company, including 108 filed by the company and 17 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressPm 32/249 Thillery Road, Cannanore, Kerala, India – 670001
- IndustryManufacturing, Textile & Fabric Production
- 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 Kerala State Handloom Development Corpn Ltd FY 2023 filings available
Kerala State Handloom Development Corpn Ltd reported revenue of ₹13.12 Cr (down 44% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR) of Kerala State Handloom Development Corpn Ltd
Revenue has declined at a compounded annual rate (CAGR) of 7% over five years, including a 44% 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 Kerala State Handloom Development Corpn Ltd
| 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 | ₹13.12 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹12.79 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹10.17 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 Kerala State Handloom Development Corpn Ltd
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -97.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -77.5% | •••• | •••• | •••• | •••• |
| 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 Kerala State Handloom Development Corpn 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 Kerala State Handloom Development Corpn Ltd
Kerala State Handloom Development Corpn Ltd is audited by GEORGE & REGI for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GEORGE & REGI | 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 Kerala State Handloom Development Corpn Ltd
Kerala State Handloom Development Corpn has 9 current directors and 52 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shaji Kochugovindan | Nominee Director | 26 Oct 2023 | 2 Years 11 Months | Current |
| Joy Varghese | Nominee Director | 27 Jun 2023 | 3 Years 3 Months | Current |
| Thavam Balakrishnan | Nominee Director | 27 Jun 2023 | 3 Years 3 Months | Current |
| Prasad Pathalil Narayanan | Nominee Director | 20 Sep 2022 | 4 Years 0 Months | Current |
| Sukumar Arunachalam Also directs: Kerala State Textile Corporation Limited, Kerala Garments Ltd | Managing Director | 23 Mar 2022 | 4 Years 6 Months | Current |
| Govindan Thozhikot Kuttyat | Nominee Director | 14 Dec 2021 | 4 Years 9 Months | Current |
Ownership and Shareholding of Kerala State Handloom Development Corpn Ltd
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 Kerala State Handloom Development Corpn Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Mar 1979 | The Governor of Kerala | ₹1.5 Lakh | Open |
| 21 Feb 2020 | Others | ₹2.18 Cr | Satisfied |
| 21 Oct 1989 | Syndicate Bank | ₹3.5 Lakh | Satisfied |
| 28 Oct 1983 | Syndicate Bank | ₹10 Lakh | Satisfied |
| 24 Nov 1982 | Syndicate Bank | ₹5 Lakh | Satisfied |
Total charge records: 10 View all charges
Legal Cases of Kerala State Handloom Development Corpn Ltd
Kerala State Handloom Development Corpn Ltd has 125 court cases on record: 108 filed by Kerala State Handloom Development Corpn, 17 filed against it. 2 cases are pending and 123 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 105 | 1 | 0 |
| High courts | 20 | 16 | 2 |
Cases on record (5 of 125)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Court case (OP(LC)) | Filed against the company by an individual | Pending |
| High Court of Kerala | Writ petition | Filed against the company by an individual | Pending |
| High Court of Kerala | Writ petition | Filed against the company by an individual | Disposed |
| High Court of Kerala | Writ petition | Filed against the company by an individual | Disposed |
| High Court of Kerala | Writ petition | Filed against the company by an individual | Disposed |
Full case history
All 125 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 Kerala State Handloom Development Corpn Ltd
Employment history and EPFO contributions of people linked to Kerala State Handloom Development Corpn.
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.
Group Structure of Kerala State Handloom Development Corpn Ltd
Kerala State Handloom Development Corpn has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Kerala Garments Ltd | U18101KL1974SGC002619 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Kerala State Handloom Development Corpn Ltd
Kerala State Handloom Development Corpn Ltd has 60 board changes on record since 2007: 11 appointments and 49 cessations. The latest: Kripakumar Kulangaravalappil Sasikumar was appointed as Nominee Director on 26 Aug 2025.
70 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Kerala State Handloom Development Corpn Ltd
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 Kerala State Handloom Development Corpn Ltd
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 Kerala State Handloom Development Corpn Ltd
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 Kerala State Handloom Development Corpn Ltd
Kerala State Handloom Development Corpn has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAACK9862H1ZF | Kerala | Active | 01 Jul 2017 |
| 32AAACK9862H1DO | Kerala | Active | 31 Dec 2018 |
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 Kerala State Handloom Development Corpn Ltd
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 Kerala State Handloom Development Corpn Ltd
Kerala State Handloom Development Corpn is an active public limited state government company based in Cannanore, Kerala, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 24 June 1968 (58+ years old) and is registered under CIN U74140KL1968SGC002181.
Kerala State Handloom Development Corpn reported revenue of ₹13.12 Cr for FY 2022 (down 44% YoY).
Kerala State Handloom Development Corpn has 9 current directors:
- Sukumar Arunachalam - Managing Director
- Shaji Kochugovindan - Nominee Director
- Joy Varghese - Nominee Director
- Thavam Balakrishnan - Nominee Director
- Prasad Pathalil Narayanan - Nominee Director
- Govindan Thozhikot Kuttyat - Nominee Director
- Karunakaran Nair Binu - Nominee Director
- Kripakumar Kulangaravalappil Sasikumar - Nominee Director
- Hema Venugopal - Nominee Director
Kerala State Handloom Development Corpn reported a net loss of ₹10.17 Cr (net margin -77.5%) and EBITDA of -₹12.79 Cr (EBITDA margin -97.5%) for FY 2022, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Kerala State Handloom Development Corpn is -13% over three years and -7% over five years. In the latest year (FY 2022) revenue fell 44%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Kerala State Handloom Development Corpn is 32AAACK9862H1ZF, registered in Kerala. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 32AAACK9862H1DO (Kerala).
The CIN (Corporate Identification Number) of Kerala State Handloom Development Corpn is U74140KL1968SGC002181. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kerala State Handloom Development Corpn has 125 court cases on record: 108 filed by the company and 17 filed against it. 2 are pending. Most are in the district courts.
Kerala State Handloom Development Corpn was incorporated on 24 June 1968, making it 58+ years old. It is registered with the Registrar of Companies, Ernakulam.
Kripakumar Kulangaravalappil Sasikumar was appointed as Nominee Director on 26 Aug 2025. Hema Venugopal was appointed as Nominee Director on 19 Jul 2025. Shaji Kochugovindan was appointed as Nominee Director on 26 Oct 2023. Kerala State Handloom Development Corpn has 60 board changes on record in total.