Prassanna Spinning Mills Private Limited - Company Profile

It is a manufacturing private limited company based in Tirupur, Tamil Nadu, India, established in 2006.
2006 Tirupur, Tamil Nadu, India Active
Last Updated:
Access Report
About Prassanna Spinning Mills Private Limited

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 (Director), Sivanmalai Gounder Deivasigamani Rathnasabapathy (Managing Director). Past directors included Chennimalai Gounder Kandaswamy, Geetha Rathinasabapathy, Prem Prasanna Rathnasabapathy. 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.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U17111TZ2006PTC012729

  • Registration Number

    012729

  • Incorporation Date

    24 April 2006

  • Authorized Capital

    ₹1.00 Cr

  • Paid-Up Capital

    ₹9.50 M

  • ROC Code

    Roc Coimbatore

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 1.00 Cr
  • Paid Up Capital ₹ 9.50 M
  • Company Age 19 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 201.11 Cr
  • Satisfied Charges ₹ 186.93 Cr
  • Revenue Growth **** -15.67%
  • Profit Growth **** -178.57%
  • Ebitda **** -87.37%
  • Net Worth -41.26%
  • Total Assets -2.63%
Company report

Prassanna Spinning Mills Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Prassanna Spinning Mills Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report
Who are the key members and board of directors at Prassanna Spinning Mills Private Limited?
Current Directors
Name Designation Appointment Date Status
Geetha Rathinasabapathy Whole-Time Director 24 Apr 2006 Current
Prem Prasanna Rathnasabapathy Director 26 Feb 2025 Current
Sivanmalai Gounder Deivasigamani Rathnasabapathy Managing Director 24 Apr 2006 Current
Aravind Prabhu Director 26 Feb 2025 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 29 Nov 2013 Past
Pramod Abcsdd Director 01 Apr 2014 Past
Pramod Abcsdd Additional Director 28 Sep 2025 Past
Pramod Abcsdd Additional Director 28 Sep 2025 Past
Pramod Abcsdd Director 23 Nov 2011 Past
Pramod Abcsdd Director 29 Nov 2013 Past

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Prassanna Spinning Mills.

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%.

Prassanna Spinning Mills revenue growth over time
Prassanna Spinning Mills profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 -15.67%
*******
*******
*******
*******
Revenue from Operations
*******
 -15.72%
*******
*******
*******
*******
Total Assets
*******
 -2.63%
*******
*******
*******
*******
Profit or Loss
*******
 -178.57%
*******
*******
*******
*******
Net Worth
*******
 -41.26%
*******
*******
*******
*******
EBITDA
*******
 -87.37%
*******
*******
*******
*******

Discover detailed financial data and - Unlock financial today!

What is the Ownership and Shareholding Structure of Prassanna Spinning Mills?

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.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

Reveal ownership structures and financial performance - Get instant access now!

Charges (Loans)
Open Charges

₹2,011,100,000.00

Satisfied Charges

₹1,869,300,000.00

Charges Breakdown by Lending Institutions
  • Axis Bank Limited : 110.67 Cr
  • Canara Bank : 90.44 Cr
Latest Charge Details
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

Explore comprehensive loan charge details -

How Many Employees Work at Prassanna Spinning Mills?

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.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

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.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Explore deal ratings and alerts - Get instant access now!

Latest Updates, News, and FAQs on Prassanna Spinning Mills
Recent Activity within the Organization
  • Director Appointment

    The activity Prem Prasanna Rathnasabapathy was appointed as a Director was appointed as a Director on 26 Feb 2025 & has been associated with this company since 1 year 3 days . was completed.

  • Director Appointment

    The activity Aravind Prabhu was appointed as a Director was appointed as a Director on 26 Feb 2025 & has been associated with this company since 1 year 3 days . was completed.

  • Annual General Meeting

    Prassanna Spinning Mills Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    The activity Prassanna Spinning Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore. was completed.

  • Charges

    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.

  • Charges

    The activity 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 completed.

Explore recent activity and updates - View Recent Activity

Frequently Asked Questions
What is the CIN of Prassanna Spinning Mills Private Limited?

The CIN of Prassanna Spinning Mills Private Limited is U17111TZ2006PTC012729.

Where is Prassanna Spinning Mills Private Limited headquartered?

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.

When was Prassanna Spinning Mills Private Limited incorporated?

Prassanna Spinning Mills Private Limited was incorporated on 24 April 2006.

Who are the current directors of Prassanna Spinning Mills Private Limited?

The current directors of Prassanna Spinning Mills Private Limited are

What is the primary industry of Prassanna Spinning Mills Private Limited?

The primary industry of Prassanna Spinning Mills Private Limited is Manufacturing.

Is Prassanna Spinning Mills Private Limited a listed company?

Prassanna Spinning Mills Private Limited is unlisted.

What is the capital structure of Prassanna Spinning Mills Private Limited?

The authorized capital of Prassanna Spinning Mills Private Limited is ₹1.00 Cr, and the paid-up capital is ₹9.50 M.

What is the compliance status of Prassanna Spinning Mills Private Limited?

The compliance status of Prassanna Spinning Mills Private Limited is Compliant.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available