Mathi Leathers Private Limited
About Mathi Leathers Private Limited
Data last updated:
Mathi Leathers Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the leather goods segment of the manufacturing sector. It was incorporated on 06 July 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U18209TN1989PTC017652. Its GSTIN is 33AAACM2169H1ZP (Tamil Nadu).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It is led by directors including Sellam Pillai Vadivelu (Managing Director) and Rajamani Vadivelu.
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.18 Kumarappa Streetchenni – 03 Chenni – 03, Chennai, Tamil Nadu, India – 600003.
As per the financials filed for FY 2024, the company reported a revenue of ₹31.93 Lakh, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹12.62 Lakh (net margin 39.5%) and EBITDA of ₹22.89 Lakh (EBITDA margin 71.7%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 31% over five years.
As per MCA filings, the company has open charges of ₹4.96 Cr and satisfied charges of ₹2.78 Cr on record. Court records list 9 cases involving the company, including 7 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressNo.18 Kumarappa Streetchenni – 03 Chenni – 03, Chennai, Tamil Nadu, India – 600003
- IndustryManufacturing, Leather Goods
- 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
Business Activity of Mathi Leathers Private Limited
The main business activity of Mathi Leathers is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Mathi Leathers Private Limited FY 2024 filings available
Mathi Leathers Private Limited reported revenue of ₹31.93 Lakh (down 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Mathi Leathers Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 31% over five years, including a 7% fall in the latest year. EBITDA rose 10% 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 Mathi Leathers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹22.89 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹12.62 Lakh | •••• | •••• | •••• | •••• |
| 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 Mathi Leathers Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 71.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 39.5% | •••• | •••• | •••• | •••• |
| 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 Mathi Leathers 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.
Peer Comparison of Mathi Leathers Private Limited
Mathi Leathers Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Leather). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Asim Leather Private Limited | ₹34.59 Lakh (FY 2025) | •••• | •••• | 2.0% | •••• | Punjab, India |
| Shree Padmavati Rexine Private Limited | ₹34.34 Lakh (FY 2024) | •••• | •••• | 90059.0% | •••• | Rajkot, Gujarat, India |
| Taipan Leather Private Limited | ₹33.78 Lakh (FY 2024) | •••• | •••• | 79.0% | •••• | Chennai, Tamil Nadu, India |
| G B S Tanners Pvt Ltd | ₹33.76 Lakh (FY 2025) | •••• | •••• | -34.0% | •••• | Kolkata, West Bengal, India |
| Irbaz Leather Private Limited | ₹33.24 Lakh (FY 2019) | •••• | •••• | -31.0% | •••• | Tamil Nadu, India |
| Mathi Leathers Private Limited this company | ₹31.93 Lakh (FY 2024) | •••• | •••• | -7.0% | •••• | Chennai, Tamil Nadu, India |
| Mehar Leather Exports Private Limited | ₹31.43 Lakh (FY 2020) | •••• | •••• | -48.0% | •••• | Bhajanpura, Delhi, India |
| Sop India Leather & Footwear Components Private Limited | ₹31.38 Lakh (FY 2024) | •••• | •••• | -9.0% | •••• | Chennai, Tamil Nadu, India |
| Indo Leather Private Limited | ₹29.58 Lakh (FY 2025) | •••• | •••• | 15.0% | •••• | New Delhi, Delhi, India |
| New Leather Belts Company India Private Limited | ₹29.41 Lakh (FY 2024) | •••• | •••• | 15.0% | •••• | Mumbai, Maharashtra, India |
| Sovereign Leather Innovators Pvt Ltd | ₹28.92 Lakh (FY 2017) | •••• | •••• | 9.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Mathi Leathers by revenue in the Manufacturing industry (Leather), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mathi Leathers Private Limited
Mathi Leathers Private Limited is audited by P SENTHAMARAI KANNAN AND CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P SENTHAMARAI KANNAN AND CO | 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 Mathi Leathers Private Limited
Mathi Leathers has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sellam Pillai Vadivelu | Managing Director | 29 Sep 1989 | 37 Years 0 Months | Current |
| Rajamani Vadivelu | Director | 22 Jan 1992 | 34 Years 8 Months | Current |
| Vadivelu Muthupandian | Director | 14 Dec 2009 | 16 Years 9 Months | Current |
| Vadivelu Balasubramanyan | Director | 14 Dec 2009 | 16 Years 9 Months | Current |
Ownership and Shareholding of Mathi Leathers Private Limited
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 Mathi Leathers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 May 2012 | The Karur Vysya Bank Limited | ₹4.96 Cr | Open |
| 20 Feb 2008 | Union Bank of India | ₹5 Lakh | Satisfied |
| 31 Mar 1999 | Union Bnak of India | ₹3.26 Lakh | Satisfied |
| 28 Dec 1998 | Union Bank of India | ₹1.9 Cr | Satisfied |
| 28 Dec 1998 | Union Bnak of India | ₹80 Lakh | Satisfied |
Total charge records: 5 View all charges
Legal Cases of Mathi Leathers Private Limited
Mathi Leathers Private Limited has 9 court cases on record: 7 filed by Mathi Leathers, 1 filed against it, 1 where it is another party. All cases are disposed. Status as checked between 28 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 0 |
| High courts | 4 | 0 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Execution petition | Filed by the company against Photon Infotech Private Limited | Disposed |
| District court, Chengalpattu, Tamil Nadu | Execution petition | Filed by the company against Photon Infotech Private Limited | Disposed |
| District court, Chengalpattu, Tamil Nadu | Execution petition | Filed by the company against Photon Infotech Private Limited | Disposed |
| District court, Kancheepuram, Tamil Nadu | Execution petition | Filed by the company against Photon Interactive Private Limited | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
Full case history
All 9 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 Mathi Leathers Private Limited
Employment history and EPFO contributions of people linked to Mathi Leathers.
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.
Recent Activity on Mathi Leathers Private Limited
Mathi Leathers Private Limited has 7 board changes on record since 1989: 4 appointments and 3 cessations. The latest: Vadivelu Balasubramanyan ceased to be Additional Director on 22 Sep 2010.
10 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mathi Leathers Private Limited
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 Mathi Leathers Private Limited
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 Mathi Leathers Private Limited
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 Mathi Leathers Private Limited
Mathi Leathers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACM2169H1ZP | Tamil Nadu | Active | 01 Jul 2017 |
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 Mathi Leathers Private Limited
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 Mathi Leathers Private Limited
Mathi Leathers is an active private limited company based in Chennai, Tamil Nadu, India. The company works in leather goods, within the manufacturing industry. It was incorporated on 06 July 1989 (37+ years old) and is registered under CIN U18209TN1989PTC017652.
Mathi Leathers reported revenue of ₹31.93 Lakh for FY 2024 (down 7% YoY).
Mathi Leathers has 4 current directors:
- Sellam Pillai Vadivelu - Managing Director
- Rajamani Vadivelu - Director
- Vadivelu Muthupandian - Director
- Vadivelu Balasubramanyan - Director
Mathi Leathers reported a net profit of ₹12.62 Lakh (net margin 39.5%) and EBITDA of ₹22.89 Lakh (EBITDA margin 71.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mathi Leathers is 2% over three years and -31% over five years. In the latest year (FY 2024) revenue fell 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mathi Leathers is 33AAACM2169H1ZP, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Mathi Leathers is U18209TN1989PTC017652. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mathi Leathers has 9 court cases on record: 7 filed by the company and 1 filed against it. Most are in the district courts.
Mathi Leathers was incorporated on 06 July 1989, making it 37+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Mathi Leathers by revenue are Asim Leather Private Limited, Shree Padmavati Rexine Private Limited, Taipan Leather Private Limited, G B S Tanners Pvt Ltd, Irbaz Leather Private Limited and 5 more, all in the Manufacturing industry (Leather).
Vadivelu Balasubramanyan ceased to be Additional Director on 22 Sep 2010. Vadivelu Muthupandian ceased to be Additional Director on 22 Sep 2010. Chellam Pillai Manoharan ceased to be Director on 28 Apr 2010. Mathi Leathers has 7 board changes on record in total.