Prassanna Spinning Mills Private Limited, a active private limited company, was established on 24 April 2006 in Tirupur, Tamil Nadu, India. Engaging in textile & fabric production within the manufacturing sector, it holds CIN: U17111TZ2006PTC012729. Registered under ROC Roc Coimbatore. it is unlisted. It has an authorized capital of ₹1.00 Cr and a paid-up capital of ₹9.50 M.
It upholds a compliant status. Employing 1,856 professional, Its leadership includes Geetha Rathinasabapathy (Whole-Time Director), Prem Prasanna Rathnasabapathy (Additional Director), Sivanmalai Gounder Deivasigamani Rathnasabapathy (Managing Director). Past directors included Chennimalai Gounder Kandaswamy, Geetha Rathinasabapathy, Deivasigamani Sivanmalai Gounder. It holds ₹201.11 Cr open charges and ₹186.93 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at Old No 4, New No 5, M G R Nagar First Street P N Road, Tirupur, Tamil Nadu, 641602.
U17111TZ2006PTC012729
012729
24 April 2006
₹1.00 Cr
₹9.50 M
Roc Coimbatore
Unlisted
Active
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| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Geetha Rathinasabapathy | Whole-Time Director | 24 Apr 2006 | Current |
| Prem Prasanna Rathnasabapathy | Additional Director | 26 Feb 2025 | Current |
| Sivanmalai Gounder Deivasigamani Rathnasabapathy | Managing Director | 24 Apr 2006 | Current |
| Aravind Prabhu | Additional Director | 26 Feb 2025 | Current |
| Name | Designation | Cessation | Status |
|---|---|---|---|
| Pramod Abcsdd | Director | 29 Nov 2013 | Past |
| Pramod Abcsdd | Director | 01 Apr 2014 | Past |
| Pramod Abcsdd | Director | 23 Nov 2011 | Past |
| Pramod Abcsdd | Director | 29 Nov 2013 | Past |
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Prassanna Spinning Mills Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 15.67% decrease. The company also saw a substantial fall in profitability, with a 178.57% decrease in profit. The company's net worth observed a substantial decline by a decrease of 41.26%.
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In 2023, Prassanna Spinning Mills had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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₹2,011,100,000.00
₹1,869,300,000.00
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Jul 2023 | Axis Bank Limited | ₹110.67 Cr | Open |
| 22 Feb 2022 | Canara Bank | ₹90.44 Cr | Open |
| 26 Aug 2019 | Lakshmi Vilas Bank Limited | ₹0.25 M | Satisfied |
| 26 Aug 2019 | Lakshmi Vilas Bank Limited | ₹0.35 M | Satisfied |
| 08 May 2019 | Lakshmi Vilas Bank Limited | ₹25.00 Cr | Satisfied |
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Prassanna Spinning Mills has a workforce of 1856 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Gain comprehensive insights into the Deals and Valuation data of Prassanna Spinning Mills, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Prassanna Spinning Mills's trajectory.
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Prem Prasanna Rathnasabapathy was appointed as a Additional Director was appointed as a Additional Director on 26 Feb 2025 & has been associated with this company since 10 months 19 days . was recorded as a recent event.
The activity Aravind Prabhu was appointed as a Additional Director was appointed as a Additional Director on 26 Feb 2025 & has been associated with this company since 10 months 19 days . was completed.
The activity Prassanna Spinning Mills Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was completed.
Prassanna Spinning Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore. was recorded as a recent event.
The activity A charge with Axis Bank Limited amounted to Rs. 110.67 Cr with Charge ID 100760468 was registered on 14 Jul 2023. was completed.
Progress on A charge with Canara Bank of Rs. 90.44 Cr registered on 22 Feb 2022 with Charge ID 100554242 was modified on 25 Mar 2022. was documented.
The CIN of Prassanna Spinning Mills Private Limited is U17111TZ2006PTC012729.
Prassanna Spinning Mills Private Limited is headquartered at Old No 4, New No 5, M G R Nagar First Street P N Road, Tirupur, Tamil Nadu, 641602.
Prassanna Spinning Mills Private Limited was incorporated on 24 April 2006.
The current directors of Prassanna Spinning Mills Private Limited are
The primary industry of Prassanna Spinning Mills Private Limited is Manufacturing.
Prassanna Spinning Mills Private Limited is unlisted.
The authorized capital of Prassanna Spinning Mills Private Limited is ₹1.00 Cr, and the paid-up capital is ₹9.50 M.
The compliance status of Prassanna Spinning Mills Private Limited is Compliant.
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