About Mountain Spinning Mills Limited
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Mountain Spinning Mills Limited is a public limited company based in Tuticorin, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 23 February 1990 and has been in existence for over 36 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U80100TN1990PLC018779. Its GSTIN is 33AAACM7885J1Z3 (Tamil Nadu).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.12 Cr. It was formerly known as Mountain Spinning Private Limited and Mountain Spinning Limited. It is led by directors including Subaschandrabose Muthuswamy Palanimuthu and Amarnath Vijayalakshmi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 97/1 – A Kootundankadu Mangalagiri(P.O.), Tuticorin, Tamil Nadu, India – 628103.
As per the financials filed for FY 2025, the company reported a revenue of ₹28.89 Lakh, a decline of 87% compared to the previous year. For the same year it recorded a net loss of ₹1.87 Cr and EBITDA of -₹1.29 Cr (EBITDA margin -445.4%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 30% over five years.
The company has about 3 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹222.17 Cr on record. Court records list 72 cases involving the company, including 60 filed by the company and 12 filed against it; 11 cases are 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 msml.in.
Company details
Name history
Mountain Spinning Mills has undergone 2 name changes throughout its history. The company was previously known as Mountain Spinning Private Limited, and Mountain Spinning Limited. The current legal name is Mountain Spinning Mills Limited.
| Company Name | Status |
|---|---|
| Mountain Spinning Mills Limited | Current |
| Mountain Spinning Private Limited | Previous |
| Mountain Spinning Limited | Previous |
CIN history
Mountain Spinning Mills has one previous CIN (Corporate Identification Number): U17111TN1990PLC018779. The current CIN is U80100TN1990PLC018779, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U80100TN1990PLC018779 | Current |
| U17111TN1990PLC018779 | Previous |
Contact details
Mountain Spinning Mills Limited's registered office is in Tuticorin, Tamil Nadu. Its website is msml.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address97/1 – A Kootundankadu Mangalagiri(P.O.), Tuticorin, Tamil Nadu, India – 628103
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Mountain Spinning Mills 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
Business activity
The main business activity of Mountain Spinning Mills is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Mountain Spinning Mills Limited, buy the company report.
Financials of Mountain Spinning Mills Limited
FY 2025 filings availableMountain Spinning Mills Limited reported revenue of ₹28.89 Lakh (down 87% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 87% fall in the latest year. EBITDA fell 180% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹1.29 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.87 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -445.4% | ||||
| Net Profit Margin | |||||
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To see the full financial statements and ratios of Mountain Spinning Mills Limited, buy the company report.
Board of directors of Mountain Spinning Mills Limited
Mountain Spinning Mills has 4 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subaschandrabose Muthuswamy Palanimuthu | Director | 03 Feb 2024 | 2 Years 9 Months | Current |
| Amarnath Vijayalakshmi | Director | 06 May 2019 | 7 Years 5 Months | Current |
| Vettivel Subathra Also directs: Hydrocarbon Project Engineers Limited | Director | 08 Sep 1999 | 27 Years 1 Months | Current |
| Archudhan Ganesan Ilango | Additional Director | 29 Jan 2025 | 1 Years 9 Months | Current |
Peer comparison
Mountain Spinning Mills Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Aeternus Design and Interiors Private Limited | ₹29.05 Lakh (FY 2025) | -32.0% | Mumbai, Maharashtra, India | |||
| Savitridevi Industries Limited | ₹28.95 Lakh (FY 2025) | 24.0% | Atpadi, Maharashtra, India | |||
| Mountain Spinning Mills Limitedthis company | ₹28.89 Lakh (FY 2025) | -₹1.87 Cr | -87.0% | 3 | Tuticorin, Tamil Nadu, India | |
| Sanskriti Tex Fab Private Limited | ₹28.75 Lakh (FY 2025) | -12.0% | Dhule, Maharashtra, India |
To see the full peer comparison of Mountain Spinning Mills Limited, buy the company report.
Auditor
Mountain Spinning Mills Limited is audited by N MANTHIRAMURTHI & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N MANTHIRAMURTHI & CO | FY 2021 | 002005S |
Shareholding
The shareholding of Mountain Spinning Mills Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Mountain Spinning Mills Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Aug 2014 | 10518592 | The Karur Vysya Bank Limited | ₹31.65 Cr | Satisfied | |
| 12 Apr 2014 | 10501653 | The Karur Vysya Bank Limited | ₹2 Cr | Satisfied | |
| 11 Mar 2013 | 10418833 | The Karur Vysya Bank Limited | ₹1.5 Cr | Satisfied | |
| 27 Nov 2012 | 10395645 | The Karur Vysya Bank Limited | ₹1.1 Cr | Satisfied | |
| 20 Oct 2008 | 10132559 | Indian Bank | ₹1.5 Cr | Satisfied |
To see the full charge records of Mountain Spinning Mills Limited, buy the company report.
Total charge records: 26 View all charges
Legal cases
Mountain Spinning Mills Limited has 72 court cases on record: 60 filed by Mountain Spinning Mills, 12 filed against it. 11 cases are pending and 61 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 70 | 12 | 10 |
| Supreme Court | 2 | 0 | 1 |
Cases on record (5 of 72)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Writ petition | Filed by the company against The Karur Vysya Bank Ltd and 2 others | Disposed |
| High Court, TAMIL NADU | Court case (WMP(MD)) | Filed by the company against The Karur Vysya Bank Ltd and 2 others | Disposed |
| Madras High Court | Civil miscellaneous application | Filed by the company against Arasan Textile Mills Pvt. Ltd. and 4 others | Disposed |
| Madras High Court | Court case (TR CMP(MD)) | Filed by the company against Arasan Textile Mills Pvt. Ltd. and 4 others | Disposed |
| Madras High Court | Court case (CRP PD(MD)) | Filed by the company against Arasan Textile Mills Pvt. Ltd. and 4 others | Disposed |
To see the full case history of Mountain Spinning Mills 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 Mountain Spinning Mills Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Mountain Spinning Mills Limited has a workforce of 3 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Mountain Spinning Mills has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACM7885J1Z3 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mountain Spinning Mills Limited, buy the company report.
Recent activity
Mountain Spinning Mills Limited has 22 board changes on record since 1999: 5 appointments and 17 cessations. The latest: Archudhan Ganesan Ilango was appointed as Additional Director on 29 Jan 2025.
74 earlier events are in the company report.
Frequently asked questions
Mountain Spinning Mills is an active public limited company based in Tuticorin, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 23 February 1990 (36+ years old) and is registered under CIN U80100TN1990PLC018779.
Mountain Spinning Mills has 4 current directors:
- Subaschandrabose Muthuswamy Palanimuthu - Director
- Amarnath Vijayalakshmi - Director
- Vettivel Subathra - Director
- Archudhan Ganesan Ilango - Additional Director
The latest financial statements of Mountain Spinning Mills on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Mountain Spinning Mills is 33AAACM7885J1Z3, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Mountain Spinning Mills is U80100TN1990PLC018779. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mountain Spinning Mills has 72 court cases on record: 60 filed by the company and 12 filed against it. 11 are pending. Most are in the high courts.
Mountain Spinning Mills was incorporated on 23 February 1990, making it 36+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Mountain Spinning Mills by revenue are Aeternus Design and Interiors Private Limited, Savitridevi Industries Limited, Sanskriti Tex Fab Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Archudhan Ganesan Ilango was appointed as Additional Director on 29 Jan 2025. Subaschandrabose Muthuswamy Palanimuthu ceased to be Additional Director on 26 Sep 2024. Subaschandrabose Muthuswamy Palanimuthu was appointed as Director on 03 Feb 2024. Mountain Spinning Mills has 22 board changes on record in total.
Mountain Spinning Mills can be reached through the website msml.in. Its registered office is in Tuticorin, Tamil Nadu, India.
The registered office of Mountain Spinning Mills is at 971 – A Kootundankadu MangalagiriP.O., Tuticorin, Tamil Nadu, India – 628103.
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