Nithin Textiles Private Limited

Nithin Textiles Private Limited - manufacturing in Dindigul, Tamil Nadu, India. Directors, charges & compliance details.
CIN U17111TZ2006PTC013100 Incorporated 25 September 2006 ROC Coimbatore HQ Dindigul, Tamil Nadu, India
Merged Private Limited Company manufacturing
Data last updated
Revenue · FY 2017
₹218.33 Cr
▲ 69% YoY
Net profit · FY 2017
₹16.86 Cr
Net margin 7.7%
EBITDA · FY 2017
₹28.59 Cr
EBITDA margin 13.1%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.5 Cr
Issued & subscribed
Satisfied charges
₹94.94 Cr
No open charges
Company age
20 yrs
Est. 2006
Directors on board
2
As per MCA filings

About Nithin Textiles Private Limited

Data last updated:

Nithin Textiles Private Limited was a private limited company based in Dindigul, Tamil Nadu, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile and fabric production segment of the manufacturing sector. It was incorporated on 25 September 2006.

The company was registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ2006PTC013100. Its GSTIN is 33AACCN3674N1Z5 (Tamil Nadu).

The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.5 Cr. It was led by directors Vanitha Jaikumar (Managing Director) and Jaikumar Krishnasamy (Managing Director).

Its last annual general meeting (AGM) was held on 29 September 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at Batlagundu Road Pithalaipatti, Dindigul, Tamil Nadu, India – 624002.

As per the financials filed for FY 2017, the company reported a revenue of ₹218.33 Cr, a growth of 69% compared to the previous year. For the same year it recorded a net profit of ₹16.86 Cr (net margin 7.7%) and EBITDA of ₹28.59 Cr (EBITDA margin 13.1%).

As per MCA filings, the company had satisfied charges of ₹94.94 Cr on record. Court records list 31 cases involving the company, including 27 filed by the company and 4 filed against it; 2 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹4.49 Cr; the latest was in November 2016. Its 10 peer companies in the Manufacturing industry (Textiles) are compared by revenue, 5 larger and 5 smaller; the largest is Manhar Polymers Private Limited with revenue of ₹220.25 Cr.

Company Details of Nithin Textiles Private Limited
CIN U17111TZ2006PTC013100
Registration Number 013100
Incorporation Date 25 September 2006
ROC Coimbatore
Listing Status Unlisted
Company Status Amalgamated
Date of Last AGM 29 September 2017
Date of Balance Sheet 31 March 2017
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    Batlagundu Road Pithalaipatti, Dindigul, Tamil Nadu, India – 624002
  • Industry
    Manufacturing, Textile & Fabric Production
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Financials, compliance, directors, charges, ownership and filings for Nithin Textiles Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Nithin Textiles Private Limited

The main business activity of Nithin Textiles is manufacturing. In detail, this covers textile, leather and other apparel products.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC2Textile, leather and other apparel productsLocked
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Financials of Nithin Textiles Private Limited FY 2017 filings available

Nithin Textiles Private Limited reported revenue of ₹218.33 Cr (up 69% YoY) for FY 2017.

Revenue · FY 2017
₹218.33 Cr ▲ 69%
Net profit · FY 2017
₹16.86 Cr margin 7.7%
EBITDA · FY 2017
₹28.59 Cr margin 13.1%

Compounded Annual Growth Rate (CAGR) of Nithin Textiles Private Limited

Revenue CAGR growth
1 year
▲ 69%
EBITDA CAGR growth
1 year
▲ 128%

Revenue rose 69% in the latest year. EBITDA rose 128% in the latest year. All are worked out from the filed statements.

Financial Statement Summary of Nithin Textiles Private Limited

MetricsFY 2016-17FY 2015-16FY 2014-15
Profit and Loss Statement
Revenue from Operations••••••••••••
Other Income••••••••••••
Total Revenue₹218.33 Cr••••••••
Cost of Materials Consumed••••••••••••
Employee Benefit Expense••••••••••••
Finance Costs••••••••••••
Depreciation and Amortisation••••••••••••
Other Expenses••••••••••••
Total Expenses••••••••••••
EBITDA₹28.59 Cr••••••••
Profit Before Tax••••••••••••
Tax Expense••••••••••••
Net Profit (PAT)₹16.86 Cr••••••••
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 Nithin Textiles Private Limited

MetricsFY 2016-17FY 2015-16FY 2014-15
Profitability
EBITDA Margin13.1%••••••••
Net Profit Margin7.7%••••••••
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 Nithin Textiles are in the company report.

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Financial statements from 2015

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Peer Comparison of Nithin Textiles Private Limited

Nithin Textiles Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Manhar Polymers Private Limited₹220.25 Cr (FY 2025)••••••••76.0%••••Kolkata, West Bengal, India
DCC Print Vision LLP₹219.81 Cr (FY 2023)••••••••30.0%••••Mumbai, Maharashtra, India
Vikram Nuvotech India Private Limited₹218.87 Cr (FY 2025)••••••••-4.0%••••Kolkata, West Bengal, India
Ambertex Universal Export Private Limited₹218.42 Cr (FY 2025)••••••••38.0%••••Tirupur, Tamil Nadu, India
Twe Obt Private Limited₹218.39 Cr (FY 2025)••••••••7.0%••••Uttar Pradesh, India
Nithin Textiles Private Limited this company₹218.33 Cr (FY 2017)••••••••69.0%••••Dindigul, Tamil Nadu, India
Global Mode and Accessories Private Limited₹218.32 Cr (FY 2025)••••••••12.0%••••Mumbai, Maharashtra, India
V Tex Overseas Private Limited₹218.16 Cr (FY 2025)••••••••13.0%••••Mumbai, Maharashtra, India
The Naihati Jute Mills Co Ltd₹217.66 Cr (FY 2025)••••••••-20.0%••••Kolkata, West Bengal, India
Threads (India) Private Limited₹217.45 Cr (FY 2025)••••••••6.0%••••Kanpur, Uttar Pradesh, India
Lindstrom Services India Private Limited₹217.42 Cr (FY 2025)••••••••12.0%••••New Delhi, Delhi, India

Peers are the five companies nearest above and the five nearest below Nithin Textiles by revenue in the Manufacturing industry (Textiles), 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 Nithin Textiles Private Limited

Nithin Textiles Private Limited is audited by ANANTHAKRISHNAN & VEERAPPAN for the financial year 2017.

NameStatusAppointment DateCessation Date
ANANTHAKRISHNAN & VEERAPPANLockedLockedLocked
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Board of Directors of Nithin Textiles Private Limited

Nithin Textiles has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Vanitha JaikumarManaging Director25 Sep 200620 Years 0 MonthsAs last reported
Jaikumar KrishnasamyManaging Director25 Sep 200620 Years 0 MonthsAs last reported

Ownership and Shareholding of Nithin Textiles Private Limited

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Charges & Borrowings of Nithin Textiles Private Limited

Open charges
None
Satisfied charges
₹94.94 Cr
Breakdown by lending institutions
Others₹61.82 Cr
The Karur Vysya Bank Limited₹21.50 Cr
The Lakshmi Vilas Bank Limited₹11.62 Cr
Latest charge details
DateLenderAmountStatus
07 Mar 2017Others₹10 CrSatisfied
27 Dec 2016Others₹4.32 CrSatisfied
18 Aug 2016Others₹5 CrSatisfied
28 May 2015The Lakshmi Vilas Bank Limited₹11.62 CrSatisfied
03 Dec 2010Others₹42.5 CrSatisfied

Total charge records: 7 View all charges

Deals & Funding of Nithin Textiles Private Limited

Nithin Textiles Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹4.49 Cr; the latest was in November 2016.

Total deals
3
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹4.49 Cr

Deals on record (3 of 3)

WhenDealAmountParties
Nov 2016Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2010Funding round₹3.5 CrInvestors: 2 individuals
Oct 2007Funding round₹99 LakhInvestors: 2 individuals
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Employees and EPFO Compliance at Nithin Textiles Private Limited

Employment history and EPFO contributions of people linked to Nithin Textiles.

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Employee and EPFO history

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Recent Activity on Nithin Textiles Private Limited

Nithin Textiles Private Limited has 5 board changes on record since 2006: 2 appointments and 3 cessations. The latest: Vanitha Jaikumar ceased to be Director on 01 Apr 2016.

Charges
A charge registered on 07 Mar 2017 via Charge ID 100096521 with Others was fully satisfied on 13 Dec 2017.
Charges
A charge registered on 27 Dec 2016 via Charge ID 100076733 with Others was fully satisfied on 05 Oct 2017.
Charges
A charge registered on 28 May 2015 via Charge ID 10575542 with The Lakshmi Vilas Bank Limited was fully satisfied on 05 Oct 2017.
Charges
A charge registered on 03 Dec 2010 via Charge ID 10257252 with Others was fully satisfied on 05 Oct 2017.
AGM
Nithin Textiles Private Limited last Annual general meeting of members was held on 29 Sep 2017 as per latest MCA records.
Filing
Nithin Textiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Coimbatore.
Charges
A charge registered on 18 Aug 2016 via Charge ID 100050240 with Others was fully satisfied on 27 Mar 2017.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 100096521 was registered on 07 Mar 2017.
Charges
A charge with Others amounted to Rs. 4.32 Cr with Charge ID 100076733 was registered on 27 Dec 2016.
Charges
A charge with Others of Rs. 42.50 Cr registered on 03 Dec 2010 with Charge ID 10257252 was modified on 27 Dec 2016.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 100050240 was registered on 18 Aug 2016.
Ceased
Vanitha Jaikumar ceased to be Director.

14 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Nithin Textiles Private Limited

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MSME Payment Delays by Nithin Textiles Private Limited

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Subsidiaries & Group Companies of Nithin Textiles Private Limited

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GST Compliance of Nithin Textiles Private Limited

Nithin Textiles has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
33AACCN3674N1Z5Tamil NaduActive01 Jul 2017
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MCA Filings & Documents of Nithin Textiles Private Limited

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Frequently Asked Questions about Nithin Textiles Private Limited

Nithin Textiles has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.

Nithin Textiles was a private limited company based in Dindigul, Tamil Nadu, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 25 September 2006 and is registered under CIN U17111TZ2006PTC013100. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.

Nithin Textiles was incorporated on 25 September 2006. It is registered with the Registrar of Companies, Coimbatore.

Nithin Textiles had 2 directors:

The CIN (Corporate Identification Number) of Nithin Textiles is U17111TZ2006PTC013100. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

The registered office of Nithin Textiles is at Batlagundu Road Pithalaipatti, Dindigul, Tamil Nadu, India – 624002.

Nithin Textiles reported revenue of ₹218.33 Cr for FY 2017 (up 69% YoY).

Nithin Textiles has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.5 Cr.

Nithin Textiles reported a net profit of ₹16.86 Cr (net margin 7.7%) and EBITDA of ₹28.59 Cr (EBITDA margin 13.1%) for FY 2017, as per its filed financial statements.

The GSTIN of Nithin Textiles is 33AACCN3674N1Z5, registered in Tamil Nadu.

Nithin Textiles operated in the manufacturing industry, in the textile and fabric production segment.

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