MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-28-0026184
Prachidhi Spinners Private Limited
Prachidhi Spinners Private Limited - manufacturing in Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹34.3 Cr
▼ 11% YoY
Net loss · FY 2024
₹73.93 Lakh
Net margin -2.2%
EBITDA · FY 2024
₹76.21 Lakh
EBITDA margin 2.2%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹40.64 Lakh
Issued & subscribed
Open charges
₹30.98 Cr
Satisfied ₹15.93 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
77
Provident fund records
About Prachidhi Spinners Private Limited
Data last updated:
Prachidhi Spinners Private Limited is a private limited company based in Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 06 January 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ1995PTC005678. Its GSTIN is 33AABCP5914E1ZS (Tamil Nadu).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹40.64 Lakh. It is led by directors including Balakkrishnon Thulaseeram (Whole-Time Director) and Sri Devi Venkataswamy (Nodal Officer).
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 S F No 197 & 205 Dharapuram Road Pedappampatti, Tamil Nadu, India – 642205.
As per the financials filed for FY 2024, the company reported a revenue of ₹34.3 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net loss of ₹73.93 Lakh (net margin -2.2%) and EBITDA of ₹76.21 Lakh (EBITDA margin 2.2%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 2% over five years.
The company has about 77 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹30.98 Cr and satisfied charges of ₹15.93 Cr on record. Court records list 9 cases involving the company, including 4 filed by the company and 5 filed against it.
Prachidhi Spinners Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-28-0026184). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17111TZ1995PTC005678
Registration Number 005678
Incorporation Date 06 January 1995
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 Small
Udyam Registration UDYAM-TN-28-0026184
Key People
Balakkrishnon Thulaseeram Whole-Time Director Sri Devi Venkataswamy Nodal Officer Thulaseeram Akilandeswari Deputy Nodal Officer Recognitions & Rankings of Prachidhi Spinners
Contact details
Prachidhi Spinners Private Limited's registered office is in Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressS F No 197 & 205 Dharapuram Road Pedappampatti, Tamil Nadu, India – 642205
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Prachidhi Spinners Private Limited, buy the company report.
Comprehensive company report
Prachidhi 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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Business activity
The main business activity of Prachidhi Spinners 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 Prachidhi Spinners Private Limited, buy the company report.
Financials of Prachidhi Spinners Private Limited
FY 2024 filings availablePrachidhi Spinners Private Limited reported revenue of ₹34.3 Cr (down 11% YoY) for FY 2024.
Revenue · FY 2024
₹34.3 Cr ▼ 11%
Net loss · FY 2024
₹73.93 Lakh margin -2.2%
EBITDA · FY 2024
₹76.21 Lakh margin 2.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 5%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 60%
3 years · compounded
▼ 51%
5 years · compounded
▼ 27%
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 60% 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 | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹76.21 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹73.93 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.2% | ||||
| Net Profit Margin | -2.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Prachidhi Spinners Private Limited, buy the company report.
Board of directors of Prachidhi Spinners Private Limited
Prachidhi Spinners has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sri Devi Venkataswamy | Nodal Officer | 12 Dec 2019 | 6 Years 10 Months | Current |
| Thulaseeram Akilandeswari | Deputy Nodal Officer | 17 Mar 2020 | 6 Years 7 Months | Current |
| Balakkrishnon Thulaseeram Also directs: Aum Vijaya Agencies (India) Private Limited | Whole-Time Director | 25 Feb 2019 | 7 Years 8 Months | Current |
Peer comparison
Prachidhi Spinners Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Expose Apparels Private Limited | ₹34.35 Cr (FY 2024) | 24.0% | New Delhi, Delhi, India | |||
| Nufab Technical Textiles Private Limited | ₹34.31 Cr (FY 2024) | -9.0% | Panchkula, Haryana, India | |||
| Sadhana Suitings Private Limited | ₹34.3 Cr (FY 2025) | 35.0% | Bhilwara, Rajasthan, India | |||
| Prachidhi Spinners Private Limitedthis company | ₹34.3 Cr (FY 2024) | -₹73.93 Lakh | -2.2% | -11.0% | 77 | Tamil Nadu, India |
| Gaurav Exportrades Private Limited | ₹34.28 Cr (FY 2019) | 40.0% | Coimbatore, Tamil Nadu, India | |||
| Chintpurni Textiles Private Limited | ₹34.18 Cr (FY 2016) | 8.0% | New Delhi, Delhi, India |
To see the full peer comparison of Prachidhi Spinners Private Limited, buy the company report.
Auditor
Prachidhi Spinners Private Limited is audited by S V VISWANATHAN &ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S V VISWANATHAN &ASSOCIATES | FY 2023 | 005944S |
Shareholding
The shareholding of Prachidhi 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 Prachidhi Spinners Private Limited, buy the company report.
Charges & borrowings
Open charges
₹30.98 Cr
Satisfied charges
₹15.93 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jun 2021 | 100464967 | Hdfc Bank Limited | ₹11 Cr | Open | |
| 12 Nov 2007 | 10081766 | Indian Bank | ₹6.93 Cr | Open | |
| 02 Mar 2007 | 10045765 | Indian Bank | ₹8 Cr | Open | |
| 25 Feb 2005 | 90004609 | Indian Bank | ₹2 Cr | Open | |
| 14 May 1998 | 90003272 | Indian Bank | ₹2.2 Cr | Open |
To see the full charge records of Prachidhi Spinners Private Limited, buy the company report.
Total charge records: 26 View all charges
Legal cases
Prachidhi Spinners Private Limited has 9 court cases on record: 4 filed by Prachidhi Spinners, 5 filed against it. All cases are disposed.
Total cases
9
Filed by the company
4
Filed against the company
5
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 4 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Writ petition | Filed by the company against The State of Tamil Nadu, | Disposed |
| Supreme Court | Court case (9999-Other) | Filed against the company by an individual | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against an individual | Disposed |
| High Court, TAMIL NADU | Court case (WAMP) | Filed by the company against The State of Tamilnadu and 1 other | Disposed |
| High Court, TAMIL NADU | Appeal | Filed by the company against The State of Tamilnadu and 1 other | Disposed |
To see the full case history of Prachidhi 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.
Credit ratings & regulatory alerts
Prachidhi Spinners Private Limited was last rated by Crisil on 13 Dec 2018.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 13 Dec 2018 |
To see the full credit ratings and regulatory alerts of Prachidhi Spinners Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Prachidhi Spinners Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Prachidhi Spinners Private Limited has a workforce of 77 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
Employee count
77
Active EPFO establishments
1
Employee growth
-15.38%
GST
Prachidhi Spinners has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCP5914E1ZS | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Prachidhi Spinners Private Limited, buy the company report.
Recent activity
Prachidhi Spinners Private Limited has 6 board changes on record since 2010: 3 appointments and 3 cessations. The latest: Thulaseeram Akilandeswari was appointed as Deputy Nodal Officer on 17 Mar 2020.
AGM
Prachidhi Spinners Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Prachidhi Spinners Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Charges
A charge with Hdfc Bank Limited of Rs. 1,100.00 Lakh registered on 28 Jun 2021 with Charge ID 100464967 was modified on 28 Jul 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 1,100.00 Lakh with Charge ID 100464967 was registered on 28 Jun 2021.
Charges
A charge registered on 03 Dec 2010 via Charge ID 10260741 with Others was fully satisfied on 12 Apr 2021.
Charges
A charge registered on 23 Aug 2018 via Charge ID 100205812 with Others was fully satisfied on 31 Dec 2020.
Charges
A charge registered on 23 Aug 2018 via Charge ID 100205813 with Others was fully satisfied on 31 Dec 2020.
Charges
A charge registered on 14 Jul 2017 via Charge ID 100112459 with Others was fully satisfied on 31 Dec 2020.
Charges
A charge registered on 30 Jul 2016 via Charge ID 100046033 with Others was fully satisfied on 31 Dec 2020.
Charges
A charge registered on 24 Nov 2015 via Charge ID 10615417 with Indian Bank was fully satisfied on 31 Dec 2020.
Appointed
Thulaseeram Akilandeswari was appointed as Deputy Nodal Officer.
Appointed
Sri Devi Venkataswamy was appointed as Nodal Officer.
53 earlier events are in the company report.
Frequently asked questions
Prachidhi Spinners is an active private limited company based in Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 06 January 1995 (31+ years old) and is registered under CIN U17111TZ1995PTC005678.
Prachidhi Spinners has 3 current directors:
- Balakkrishnon Thulaseeram - Whole-Time Director
- Sri Devi Venkataswamy - Nodal Officer
- Thulaseeram Akilandeswari - Deputy Nodal Officer
The latest financial statements of Prachidhi 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 Prachidhi Spinners is 33AABCP5914E1ZS, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Prachidhi Spinners is U17111TZ1995PTC005678. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prachidhi Spinners has 9 court cases on record: 4 filed by the company and 5 filed against it. Most are in the high courts.
Prachidhi Spinners was incorporated on 06 January 1995, making it 31+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Prachidhi Spinners by revenue are Expose Apparels Private Limited, Nufab Technical Textiles Private Limited, Sadhana Suitings Private Limited, Gaurav Exportrades Private Limited, Chintpurni Textiles Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Thulaseeram Akilandeswari was appointed as Deputy Nodal Officer on 17 Mar 2020. Sri Devi Venkataswamy was appointed as Nodal Officer on 12 Dec 2019. Balakkrishnon Thulaseeram was appointed as Whole-Time Director on 25 Feb 2019. Prachidhi Spinners has 6 board changes on record in total.
Yes, Prachidhi Spinners is registered as a small enterprise under Udyam registration (number: UDYAM-TN-28-0026184).
The registered office of Prachidhi Spinners is at S F No 197 & 205 Dharapuram Road Pedappampatti, Tamil Nadu, India – 642205.