Merit Spinners Private Limited - Company Profile

It is a manufacturing private limited company based in Kangeyam Erode Dt, Tamil Nadu, India, established in 1994.
1994 Kangeyam Erode Dt, Tamil Nadu, India Under Liquidation
Last Updated:
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About Merit Spinners Private Limited

Merit Spinners Private Limited, a under liquidation private limited company, was established on 31 August 1994 in Kangeyam Erode Dt, Tamil Nadu, India. Engaging in textile & fabric production within the manufacturing sector, it holds CIN: U17111TZ1994PTC005308. Registered under ROC Roc Coimbatore. it is unlisted. It has an authorized capital of ₹2.75 Cr and a paid-up capital of ₹1.74 Cr.

It upholds a active non-compliant status. Its leadership includes Natarajan Ramasamy (Managing Director), Saravanan Ramamurthy (Director), Venkatachalam Ramanthakrishnan (Director). It holds ₹5.04 Cr open charges and no settled loans. Its latest AGM occurred on 05 September 2014, with the balance sheet filed on 31 March 2014. It is based at 15/48 Vadugapallayamnalroad Village Parancher Vazhi Po, Kangeyam Erode Dt, Tamil Nadu, 638701.

Company Details
  • Email
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  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U17111TZ1994PTC005308

  • Registration Number

    005308

  • Incorporation Date

    31 August 1994

  • Authorized Capital

    ₹2.75 Cr

  • Paid-Up Capital

    ₹1.74 Cr

  • ROC Code

    Roc Coimbatore

  • Listing Status

    Unlisted

  • Company Status

    Under Liquidation

Key Metrics
  • Authorised Capital ₹ 2.75 Cr
  • Paid Up Capital ₹ 1.74 Cr
  • Company Age 31 Year, 5 Months
  • Last Filing with ROC 31 Mar 2014
  • Open Charges ₹ 5.04 Cr
Company report

Merit Spinners Private Limited

Company Report FY 2025-2026

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Who are the key members and board of directors at Merit Spinners Private Limited?
Current Directors
Name Designation Appointment Date Status
Natarajan Ramasamy Managing Director 16 May 1998 Current
Saravanan Ramamurthy Director 16 May 1998 Current
Venkatachalam Ramanthakrishnan Director 01 Dec 1994 Current
Balasubramaniam Nandakumar Additional Director 01 Aug 2014 Current
Velmurugan Kittusamy Additional Director 01 Aug 2014 Current

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Financial Performance of Merit Spinners.

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Merit Spinners revenue growth over time
Merit Spinners profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
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What is the Ownership and Shareholding Structure of Merit Spinners?

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Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹50,411,375.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Asset Reconstruction Company (India) Limited : 4.00 Cr
  • The Catholic Syrian Bank Limited : 1.00 Cr
  • Sundaram Finance Limited : 0.04 Cr
Latest Charge Details
Date Lender Amount Status
22 Oct 1999 Sundaram Finance Limited ₹0.41 M Open
02 Jan 1998 The Catholic Syrian Bank Limited ₹1.00 Cr Open
14 Feb 1997 Asset Reconstruction Company (India) Limited ₹1.75 Cr Open
06 May 1996 Asset Reconstruction Company (India) Limited ₹2.25 Cr Open

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How Many Employees Work at Merit Spinners?

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Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

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Rating
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Alerts
Alert Indicator

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Latest Updates, News, and FAQs on Merit Spinners
Recent Activity within the Organization
  • Annual General Meeting

    The activity Merit Spinners Private Limited last Annual general meeting of members was held on 05 Sep 2014 as per latest MCA records. was completed.

  • Director Appointment

    Progress on Balasubramaniam Nandakumar was appointed as a Additional Director was appointed as a Additional Director on 01 Aug 2014 & has been associated with this company since 11 years 6 months . was documented.

  • Director Appointment

    Velmurugan Kittusamy was appointed as a Additional Director was appointed as a Additional Director on 01 Aug 2014 & has been associated with this company since 11 years 6 months . was recorded as a recent event.

  • Balance Sheet

    Progress on Merit Spinners Private Limited has filed its annual Financial statements for the year ended 31 Mar 2014 with Roc Coimbatore. was documented.

  • Charges

    Progress on A charge with Asset Reconstruction Company (India) Limited of Rs. 1.75 Cr registered on 14 Feb 1997 with Charge ID 90003060 was modified on 30 Mar 2012. was documented.

  • Charges

    The activity A charge with Asset Reconstruction Company (India) Limited of Rs. 2.25 Cr registered on 06 May 1996 with Charge ID 90002933 was modified on 30 Mar 2012. was completed.

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Frequently Asked Questions
What is the CIN of Merit Spinners Private Limited?

The CIN of Merit Spinners Private Limited is U17111TZ1994PTC005308.

Where is Merit Spinners Private Limited headquartered?

Merit Spinners Private Limited is headquartered at 15/48 Vadugapallayamnalroad Village Parancher Vazhi Po, Kangeyam Erode Dt, Tamil Nadu, 638701.

When was Merit Spinners Private Limited incorporated?

Merit Spinners Private Limited was incorporated on 31 August 1994.

Who are the current directors of Merit Spinners Private Limited?

The current directors of Merit Spinners Private Limited are

What is the primary industry of Merit Spinners Private Limited?

The primary industry of Merit Spinners Private Limited is Manufacturing.

Is Merit Spinners Private Limited a listed company?

Merit Spinners Private Limited is unlisted.

What is the capital structure of Merit Spinners Private Limited?

The authorized capital of Merit Spinners Private Limited is ₹2.75 Cr, and the paid-up capital is ₹1.74 Cr.

What is the compliance status of Merit Spinners Private Limited?

The compliance status of Merit Spinners Private Limited is Active Non-Compliant.

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