About Madras Needles Limited
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Madras Needles Limited is a public limited company based in Kancheepuram, Tamil Nadu, India, a subsidiary of Altek Beissel Needles Limited. It operates in the metalworking segment of the metals and mining sector. It was incorporated on 07 September 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U29265TN1999PLC043130. Its GSTIN is 33AACCM7328N1Z7 (Tamil Nadu).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹8.5 Lakh. It is led by directors including Ganesh Samabasivan and Rajalakshmi Ganesh.
Its last annual general meeting (AGM) was held on 31 December 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 3/27 Vandalurroad Kelambakkam, Kancheepuram, Tamil Nadu, India – 603103.
As per the financials filed for FY 2024, the company reported a revenue of ₹29.87 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹22.8 Cr (net margin 76.3%) and EBITDA of ₹29.62 Cr (EBITDA margin 99.2%). Revenue has grown at a compounded annual rate (CAGR) of 410% over three years and 151% over five years.
Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website beisselneedles.com.
Company details
CIN history
Madras Needles has one previous CIN (Corporate Identification Number): U33152TN1999PLC043130. The current CIN is U29265TN1999PLC043130, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29265TN1999PLC043130 | Current |
| U33152TN1999PLC043130 | Previous |
Contact details
Madras Needles Limited's registered office is in Kancheepuram, Tamil Nadu. Its website is beisselneedles.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address3/27 Vandalurroad Kelambakkam, Kancheepuram, Tamil Nadu, India – 603103
- IndustryMetal & Minerals, Metalworking
To see the full contact details of Madras Needles 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
Financials of Madras Needles Limited
FY 2024 filings availableMadras Needles Limited reported revenue of ₹29.87 Cr (up 3556% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 151% over five years. 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 | ₹29.62 Cr | ||||
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| Net Profit (PAT) | ₹22.8 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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| Profitability | |||||
| EBITDA Margin | 99.2% | ||||
| Net Profit Margin | 76.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Madras Needles Limited, buy the company report.
Board of directors of Madras Needles Limited
Madras Needles has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ganesh Samabasivan Also directs: Altek Beissel Needles Limited | Director | 28 Jul 2005 | 21 Years 3 Months | Current |
| Rajalakshmi Ganesh Also directs: Altek Beissel Needles Limited | Director | 31 Dec 2002 | 23 Years 9 Months | Current |
| Mukundan | Director | 31 Dec 2002 | 23 Years 9 Months | Current |
Shareholding
The shareholding of Madras Needles Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Madras Needles Limited, buy the company report.
Legal cases
Madras Needles Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by an individual | Pending |
To see the full case history of Madras Needles 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 Madras Needles Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Madras Needles has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCM7328N1Z7 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Madras Needles Limited, buy the company report.
Recent activity
Madras Needles Limited has 4 board changes on record since 2002: 3 appointments and 1 cessation. The latest: Ganesh Samabasivan ceased to be Managing Director on 28 Sep 2018.
Frequently asked questions
Madras Needles is an active public limited company based in Kancheepuram, Tamil Nadu, India. The company works in metalworking, within the metal and minerals industry. It was incorporated on 07 September 1999 (27+ years old) and is registered under CIN U29265TN1999PLC043130.
Madras Needles has 3 current directors:
- Ganesh Samabasivan - Director
- Rajalakshmi Ganesh - Director
- Mukundan - Director
The latest financial statements of Madras Needles on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 31 December 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Madras Needles is 33AACCM7328N1Z7, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Madras Needles is U29265TN1999PLC043130. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madras Needles has 1 court case on record: 1 filed against it. 1 is pending.
Madras Needles was incorporated on 07 September 1999, making it 27+ years old. It is registered with the Registrar of Companies, Chennai.
Ganesh Samabasivan ceased to be Managing Director on 28 Sep 2018. Ganesh Samabasivan was appointed as Director on 28 Jul 2005. Mukundan was appointed as Director on 31 Dec 2002. Madras Needles has 4 board changes on record in total.
Madras Needles can be reached through the website beisselneedles.com. Its registered office is in Kancheepuram, Tamil Nadu, India.
The registered office of Madras Needles is at 327 Vandalurroad Kelambakkam, Kancheepuram, Tamil Nadu, India – 603103.