Krishnaganga Spinning Mills Private Limited

Krishnaganga Spinning Mills Private Limited - manufacturing in Guntur, Andhra Pradesh, India. FY 2026 financials & compliance.
CIN U18100AP1983PTC004121 Incorporated 06 September 1983 ROC Vijayawada HQ Guntur, Andhra Pradesh, India
Active Private Limited Company manufacturing MSME · Medium
Revenue · FY 2023
₹93.03 Cr
▼ 5% YoY
Net profit · FY 2023
₹1.64 Cr
Net margin 1.8%
EBITDA · FY 2023
₹3.78 Cr
EBITDA margin 4.1%
Authorised capital
₹8.4 Cr
Registered with MCA
Paid-up capital
₹7.92 Cr
Issued & subscribed
Open charges
₹38.72 Cr
Satisfied ₹61.28 Cr
Company age
43 yrs
Est. 1983
Directors on board
2
As per MCA filings

About Krishnaganga Spinning Mills Private Limited

Data last updated:

Krishnaganga Spinning Mills Private Limited is a private limited company based in Guntur, Andhra Pradesh, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 06 September 1983 and has been in existence for over 43 years.

The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U18100AP1983PTC004121. Its GSTIN is 37AAACK9373P1ZQ (Andhra Pradesh).

The company has an authorised share capital of ₹8.4 Cr and a paid-up capital of ₹7.92 Cr. It is led by directors Rajasekhar Ambati and Gorantla Prudhvi.

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 G T Road Thimmapuram Guntur, Andhra Pradesh, India – 522233.

As per the financials filed for FY 2023, the company reported a revenue of ₹93.03 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹1.64 Cr (net margin 1.8%) and EBITDA of ₹3.78 Cr (EBITDA margin 4.1%). Revenue has grown at a compounded annual rate (CAGR) of 1% over five years.

As per MCA filings, the company has open charges of ₹38.72 Cr and satisfied charges of ₹61.28 Cr on record. Court records list 15 cases involving the company, including 4 filed by the company and 11 filed against it; 2 cases are pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.92 Cr; the latest was in January 2024.

Krishnaganga Spinning Mills Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-AP-04-0000082). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website krishnaganga.net.

Company details

CIN U18100AP1983PTC004121
Registration Number 004121
Incorporation Date 06 September 1983
ROC Vijayawada
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-AP-04-0000082
Key People
Rajasekhar Ambati Director Gorantla Prudhvi Director

Recognitions & Rankings of Krishnaganga Spinning Mills

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-AP-04-0000082

Contact details

Krishnaganga Spinning Mills Private Limited's registered office is in Guntur, Andhra Pradesh. Its website is krishnaganga.net. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    krishnaganga.net
  • Registered Address
    G T Road Thimmapuram Guntur, Andhra Pradesh, India – 522233
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Krishnaganga Spinning Mills Private Limited, buy the company report.

Comprehensive company report
Krishnaganga Spinning Mills 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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Financials of Krishnaganga Spinning Mills Private Limited

FY 2024 filings available

Krishnaganga Spinning Mills Private Limited reported revenue of ₹93.03 Cr (down 5% YoY) for FY 2023.

Revenue · FY 2023
₹93.03 Cr ▼ 5%
Net profit · FY 2023
₹1.64 Cr margin 1.8%
EBITDA · FY 2023
₹3.78 Cr margin 4.1%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 5%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▼ 14%
5 years · compounded
▼ 3%

Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 14% 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹93.03 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹3.78 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.64 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

MetricsFY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19
Profitability
EBITDA Margin4.1%
Net Profit Margin1.8%
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 Krishnaganga Spinning Mills Private Limited, buy the company report.

Board of directors of Krishnaganga Spinning Mills Private Limited

Krishnaganga Spinning Mills has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rajasekhar AmbatiDirector02 May 20197 Years 6 MonthsCurrent
Gorantla Prudhvi
Also directs: Fabergent Consulting Services Private Limited
Director26 Aug 200719 Years 2 MonthsCurrent
View all directors

Auditor

Krishnaganga Spinning Mills Private Limited is audited by M/S. Polineni Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
M/S. Polineni AssociatesFY 2023006132S

Shareholding

The shareholding of Krishnaganga Spinning Mills 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Krishnaganga Spinning Mills Private Limited, buy the company report.

Charges & borrowings

Open charges
₹38.72 Cr
Satisfied charges
₹61.28 Cr
Breakdown by lending institutions
Axis Bank Limited₹38.72 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
18 Dec 2021100531998Axis Bank Limited₹38.72 CrOpen
22 Aug 2017100134865Hdfc Bank Limited₹34.71 CrSatisfied
15 Mar 200590139500Others₹23.1 CrSatisfied
25 Jun 199790139103M/S Sundaram Finance Services Ltd₹1.06 CrSatisfied
28 Dec 199490138918M/S Sundaram Finance Ltd₹20.96 LakhSatisfied

To see the full charge records of Krishnaganga Spinning Mills Private Limited, buy the company report.

Total charge records: 9 View all charges

Deals & funding

Krishnaganga Spinning Mills Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.92 Cr; the latest was in January 2024.

Total deals
5
Funding rounds
3
Secondary share transfers
2
Disclosed funding
₹2.92 Cr

Deals on record (5 of 5)

WhenDealAmountParties
Jan 2024Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 4 individuals
Mar 2014Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 3 individuals
Dec 2012Funding round₹11 LakhInvestors: 4 individuals
Mar 2010Funding round₹1.61 CrInvestors: 4 individuals
May 2006Funding round₹1.2 CrInvestors: 4 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Krishnaganga Spinning Mills Private Limited was last rated by Care on 03 Aug 2022.

Rating agencyRated onRating
Care03 Aug 2022

To see the full credit ratings and regulatory alerts of Krishnaganga Spinning Mills Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Krishnaganga Spinning Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Krishnaganga Spinning Mills has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
37AAACK9373P1ZQAndhra PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Krishnaganga Spinning Mills Private Limited, buy the company report.

Recent activity

Krishnaganga Spinning Mills Private Limited has 14 board changes on record since 2006: 2 appointments and 12 cessations. The latest: Rajasekhar Ambati ceased to be Additional Director on 30 Sep 2019.

AGM
Krishnaganga Spinning Mills Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Krishnaganga Spinning Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Vijayawada.
Charges
A charge with Axis Bank Limited of Rs. 38.72 Cr registered on 18 Dec 2021 with Charge ID 100531998 was modified on 16 Sep 2023.
Charges
A charge registered on 22 Aug 2017 via Charge ID 100134865 with Hdfc Bank Limited was fully satisfied on 07 Jul 2022.
Charges
A charge with Axis Bank Limited amounted to Rs. 38.72 Cr with Charge ID 100531998 was registered on 18 Dec 2021.
Charges
A charge with Hdfc Bank Limited of Rs. 34.71 Cr registered on 22 Aug 2017 with Charge ID 100134865 was modified on 28 Oct 2021.
Ceased
Rajasekhar Ambati ceased to be Additional Director.
Appointed
Rajasekhar Ambati was appointed as Director.
Ceased
Ramadevi Ambati ceased to be Director.
Ceased
Srimannarayana Ambati ceased to be Director.
Charges
A charge registered on 25 Jun 1997 via Charge ID 90139103 with M/S Sundaram Finance Services Ltd was fully satisfied on 31 Mar 2018.
Charges
A charge registered on 15 Mar 2005 via Charge ID 90139500 with Others was fully satisfied on 15 Mar 2018.

29 earlier events are in the company report.

Frequently asked questions

Krishnaganga Spinning Mills is an active private limited company based in Guntur, Andhra Pradesh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 06 September 1983 (43+ years old) and is registered under CIN U18100AP1983PTC004121.

Krishnaganga Spinning Mills has 2 current directors:

The latest financial statements of Krishnaganga Spinning Mills 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 Krishnaganga Spinning Mills is 37AAACK9373P1ZQ, registered in Andhra Pradesh.

The CIN (Corporate Identification Number) of Krishnaganga Spinning Mills is U18100AP1983PTC004121. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Krishnaganga Spinning Mills has 15 court cases on record: 4 filed by the company and 11 filed against it. 2 are pending. Most are in the high courts.

Krishnaganga Spinning Mills was incorporated on 06 September 1983, making it 43+ years old. It is registered with the Registrar of Companies, Vijayawada.

Krishnaganga Spinning Mills has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹2.92 Cr; the latest was in January 2024.

Rajasekhar Ambati ceased to be Additional Director on 30 Sep 2019. Rajasekhar Ambati was appointed as Director on 02 May 2019. Ramadevi Ambati ceased to be Director on 03 Nov 2018. Krishnaganga Spinning Mills has 14 board changes on record in total.

Yes, Krishnaganga Spinning Mills is registered as a medium enterprise under Udyam registration (number: UDYAM-AP-04-0000082).