MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-03-0102280
Million Spinners Private Limited
Million Spinners Private Limited - manufacturing in Coimbatore, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹23.4 Lakh
▲ 2% YoY
Net profit · FY 2024
₹2.4 Lakh
Net margin 10.3%
EBITDA · FY 2024
₹11.53 Lakh
EBITDA margin 49.3%
Authorised capital
₹75 Lakh
Registered with MCA
Paid-up capital
₹54.85 Lakh
Issued & subscribed
Satisfied charges
₹30.58 Cr
No open charges
Company age
32 yrs
Est. 1994
Directors on board
4
As per MCA filings
About Million Spinners Private Limited
Data last updated:
Million Spinners Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 11 November 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ1994PTC005491. Its GSTIN is 33AACCM4323K1ZO (Tamil Nadu).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹54.85 Lakh. It is led by directors including Selvapathy Venkataswamynaidu and Aravind Selvapathy.
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 264/1B Chinna Veerampatti Pukkulam Udumalpet Taluk, Coimbatore, Tamil Nadu, India – 642126.
As per the financials filed for FY 2024, the company reported a revenue of ₹23.4 Lakh, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹2.4 Lakh (net margin 10.3%) and EBITDA of ₹11.53 Lakh (EBITDA margin 49.3%). Revenue has grown at a compounded annual rate (CAGR) of 11% over five years.
As per MCA filings, the company has satisfied charges of ₹30.58 Cr on record. Court records list 10 cases involving the company, including 10 filed by the company.
Million Spinners Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-03-0102280). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17111TZ1994PTC005491
Registration Number 005491
Incorporation Date 11 November 1994
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-03-0102280
Key People
Selvapathy Venkataswamynaidu Director Aravind Selvapathy Director Narayanasamy Nandakumar Director Recognitions & Rankings of Million Spinners
Contact details
Million Spinners Private Limited's registered office is in Coimbatore, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address264/1B Chinna Veerampatti Pukkulam Udumalpet Taluk, Coimbatore, Tamil Nadu, India – 642126
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Million Spinners Private Limited, buy the company report.
Comprehensive company report
Million Spinners 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 Million Spinners Private Limited
FY 2024 filings availableMillion Spinners Private Limited reported revenue of ₹23.4 Lakh (up 2% YoY) for FY 2024.
Revenue · FY 2024
₹23.4 Lakh ▲ 2%
Net profit · FY 2024
₹2.4 Lakh margin 10.3%
EBITDA · FY 2024
₹11.53 Lakh margin 49.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 46%
3 years · compounded
▼ 16%
5 years · compounded
▲ 1%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 2% growth in the latest year. EBITDA fell 46% 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
| 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 | ₹11.53 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.4 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 49.3% | ||||
| Net Profit Margin | 10.3% | ||||
| 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 Million Spinners Private Limited, buy the company report.
Board of directors of Million Spinners Private Limited
Million Spinners has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Selvapathy Venkataswamynaidu Also directs: Ruckmani Ammal Cotspin Private Limited, Pongalur Pioneer Textiles Private Limited, Selwind Industries Private Limited and 1 more | Director | 30 Sep 2002 | 24 Years 0 Months | Current |
| Aravind Selvapathy Also directs: Ara Solar LLP, Unnamalai Green Energy LLP, Ruckmani Ammal Cotspin Private Limited and 2 more | Director | 30 Sep 2002 | 24 Years 0 Months | Current |
| Narayanasamy Nandakumar Also directs: The Mettur-Fertiliser Company Private Limited | Director | 01 Mar 2021 | 5 Years 7 Months | Current |
| Nandhakumar Jayanthi | Director | 26 Nov 2016 | 9 Years 10 Months | Current |
Peer comparison
Million Spinners Private Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dhaval Fabrics Private Limited | ₹23.45 Lakh (FY 2025) | 31.0% | Ahmedabad, Gujarat, India | |||
| Panzara Textiles Private Limites | ₹23.44 Lakh (FY 2025) | -21.0% | Dhule, Maharashtra, India | |||
| Sri Selvanayagi Amman Green Energy Private Limited | ₹23.43 Lakh (FY 2024) | Namakkal, Tamil Nadu, India | ||||
| Cherryblossom Weaves Private Limited | ₹23.43 Lakh (FY 2025) | -83.0% | Jalgaon, Maharashtra, India | |||
| Nolan Textiles Private Limited | ₹23.41 Lakh (FY 2025) | -44.0% | Mumbai, Maharashtra, India | |||
| Million Spinners Private Limitedthis company | ₹23.4 Lakh (FY 2024) | ₹2.4 Lakh | 10.3% | 2.0% | Coimbatore, Tamil Nadu, India | |
| Shreyans Processors Private Limited | ₹23.38 Lakh (FY 2024) | 9.0% | Surat, Gujarat, India | |||
| Swahlee Textiles and Apparel Private Limited | ₹23.38 Lakh (FY 2024) | -37.0% | Kamrup(Metro), Guwahati, Assam, India | |||
| Prasham Textiles Private Limited | ₹23.37 Lakh (FY 2020) | 11.0% | Mumbai, Maharashtra, India | |||
| Pratik Label Private Limited | ₹23.36 Lakh (FY 2025) | -43.0% | Mumbai, Maharashtra, India | |||
| Virasoni Sublitech Private Limited | ₹23.34 Lakh (FY 2019) | -71.0% | New Delhi, Delhi, India |
To see the full peer comparison of Million Spinners Private Limited, buy the company report.
Auditor
Million Spinners Private Limited is audited by R. KRISHNAMURTHI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R. KRISHNAMURTHI | FY 2023 | 016199 |
Shareholding
The shareholding of Million Spinners 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Million Spinners Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹30.58 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Nov 2021 | 100508624 | Others | ₹12.4 Cr | Satisfied | |
| 03 Oct 2001 | 90003789 | Karnataka Bank Ltd. | ₹17.94 Cr | Satisfied | |
| 10 Apr 2001 | 90003723 | Indian Bank | ₹24 Lakh | Satisfied |
To see the full charge records of Million Spinners Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Million Spinners Private Limited has 10 court cases on record: 10 filed by Million Spinners. All cases are disposed.
Total cases
10
Filed by the company
10
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 0 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Writ petition | Filed by the company against The State of Tamilnadu Rep.By and 2 others | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against The State of Tamilnadu Rep by and 3 others | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against The State of Tamilnadu, Rep.By and 2 others | Disposed |
| High Court, TAMIL NADU | Court case (WPMP) | Filed by the company against The State of Tamilnadu, Rep.By and 4 others | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against The State of Tamil Nadu Rep.By and 2 others | Disposed |
To see the full case history of Million Spinners Private 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 Million Spinners Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Million Spinners Private Limited has 1 active EPFO establishment as of Apr 02, 2024.
Active EPFO establishments
1
GST
Million Spinners has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCM4323K1ZO | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Million Spinners Private Limited, buy the company report.
Recent activity
Million Spinners Private Limited has 5 board changes on record since 2002: 4 appointments and 1 cessation. The latest: Narayanasamy Nandakumar was appointed as Director on 01 Mar 2021.
Charges
A charge registered on 18 Nov 2021 via Charge ID 100508624 with Others was fully satisfied on 21 Nov 2024.
AGM
Million Spinners Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Million Spinners Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Charges
A charge with Others of Rs. 1,240.21 Lakh registered on 18 Nov 2021 with Charge ID 100508624 was modified on 19 Mar 2022.
Charges
A charge registered on 03 Oct 2001 via Charge ID 90003789 with Karnataka Bank Ltd. was fully satisfied on 14 Feb 2022.
Charges
A charge with Others amounted to Rs. 1,240.21 Lakh with Charge ID 100508624 was registered on 18 Nov 2021.
Appointed
Narayanasamy Nandakumar was appointed as Director.
Charges
A charge with Karnataka Bank Ltd. of Rs. 1,793.64 Lakh registered on 03 Oct 2001 with Charge ID 90003789 was modified on 22 Jul 2020.
Charges
A charge registered on 10 Apr 2001 via Charge ID 90003723 with Indian Bank was fully satisfied on 15 Mar 2017.
Appointed
Nandhakumar Jayanthi was appointed as Director.
Ceased
Aravind Selvapathy ceased to be Managing Director.
Appointed
Aravind Selvapathy was appointed as Director.
5 earlier events are in the company report.
Frequently asked questions
Million Spinners is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 11 November 1994 (32+ years old) and is registered under CIN U17111TZ1994PTC005491.
Million Spinners has 4 current directors:
- Selvapathy Venkataswamynaidu - Director
- Aravind Selvapathy - Director
- Narayanasamy Nandakumar - Director
- Nandhakumar Jayanthi - Director
The latest financial statements of Million Spinners 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 Million Spinners is 33AACCM4323K1ZO, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Million Spinners is U17111TZ1994PTC005491. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Million Spinners has 10 court cases on record: 10 filed by the company.
Million Spinners was incorporated on 11 November 1994, making it 32+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Million Spinners by revenue are Dhaval Fabrics Private Limited, Panzara Textiles Private Limites, Sri Selvanayagi Amman Green Energy Private Limited, Cherryblossom Weaves Private Limited, Nolan Textiles Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Narayanasamy Nandakumar was appointed as Director on 01 Mar 2021. Nandhakumar Jayanthi was appointed as Director on 26 Nov 2016. Aravind Selvapathy ceased to be Managing Director on 01 Jul 2016. Million Spinners has 5 board changes on record in total.
Yes, Million Spinners is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-03-0102280).
The registered office of Million Spinners is at 2641B Chinna Veerampatti Pukkulam Udumalpet Taluk, Coimbatore, Tamil Nadu, India – 642126.