MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-12-0011170
Prestige Spinners Pvt Ltd
Prestige Spinners Pvt Ltd - fashion and textile in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹5.64 Cr
▼ 3% YoY
Net profit · FY 2024
₹25,550
Net margin 0%
EBITDA · FY 2024
₹5.14 Lakh
EBITDA margin 0.9%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹12.4 Lakh
Issued & subscribed
Open charges
₹3.5 Cr
Satisfied ₹15 Lakh
Company age
37 yrs
Est. 1989
Employees · EPFO
6
Provident fund records
About Prestige Spinners Pvt Ltd
Data last updated:
Prestige Spinners Pvt Ltd is a private limited company based in Ludhiana, Punjab, India. It operates in the innerwear segment of the fashion and textiles sector. It was incorporated on 15 June 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17297PB1989PTC009432. Its GSTIN is 03AAACP9948D1ZG (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹12.4 Lakh. It is led by directors including Mudit Gupta and Radhika Gupta.
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 186 Industrial Area A Ludhiana, Punjab, India – 141003.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.64 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹25,550 (net margin 0%) and EBITDA of ₹5.14 Lakh (EBITDA margin 0.9%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 4% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹3.5 Cr and satisfied charges of ₹15 Lakh on record.
Prestige Spinners Pvt Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0011170). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17297PB1989PTC009432
Registration Number 009432
Incorporation Date 15 June 1989
ROC Chandigarh
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-PB-12-0011170
Recognitions & Rankings of Prestige Spinners
Contact details
Prestige Spinners Pvt Ltd's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address186 Industrial Area A Ludhiana, Punjab, India – 141003
- IndustryFashion and Textile, Innerwear
To see the full contact details of Prestige Spinners Pvt Ltd, buy the company report.
Comprehensive company report
Prestige Spinners Pvt Ltd - 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Prestige 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 Prestige Spinners Pvt Ltd, buy the company report.
Financials of Prestige Spinners Pvt Ltd
FY 2024 filings availablePrestige Spinners Pvt Ltd reported revenue of ₹5.64 Cr (down 3% YoY) for FY 2024.
Revenue · FY 2024
₹5.64 Cr ▼ 3%
Net profit · FY 2024
₹25,550 margin 0%
EBITDA · FY 2024
₹5.14 Lakh margin 0.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 5%
5 years · compounded
▼ 4%
EBITDA CAGR growth
1 year
▼ 22%
3 years · compounded
▼ 13%
5 years · compounded
▼ 11%
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 3% fall in the latest year. EBITDA fell 22% 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 |
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| EBITDA | ₹5.14 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹25,550 | ||||
| Balance Sheet | |||||
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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 | 0.9% | ||||
| Net Profit Margin | 0% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Prestige Spinners Pvt Ltd, buy the company report.
Board of directors of Prestige Spinners Pvt Ltd
Prestige Spinners has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mudit Gupta Also directs: Aveer Oils and Fats Private Limited | Director | 10 Jun 2006 | 20 Years 4 Months | Current |
| Radhika Gupta | Director | 13 Oct 2003 | 23 Years 0 Months | Current |
| Raman Kumar Gupta | Director | 02 Jan 2001 | 25 Years 9 Months | Current |
Peer comparison
Prestige Spinners Pvt Ltd is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Glamourwear Apparels Private Limited | ₹5.65 Cr (FY 2018) | -66.0% | Bangalore, Karnataka, India | |||
| Exodus Knitwear Pvt Ltd | ₹5.65 Cr (FY 2024) | 6.0% | Kolkata, West Bengal, India | |||
| Prestige Spinners Pvt Ltdthis company | ₹5.64 Cr (FY 2024) | ₹25,550 | 0% | -3.0% | 6 | Ludhiana, Punjab, India |
| Trimurti Velvet Private Limited | ₹5.63 Cr (FY 2025) | -5.0% | Surat, Gujarat, India | |||
| Sivasakthi Spintex Mill Private Limited | ₹5.63 Cr (FY 2025) | 3.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Prestige Spinners Pvt Ltd, buy the company report.
Auditor
Prestige Spinners Pvt Ltd is audited by Ashish Agarwal & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ashish Agarwal & Co. | FY 2023 | 101788N |
Shareholding
The shareholding of Prestige Spinners Pvt Ltd 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 Prestige Spinners Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹3.5 Cr
Satisfied charges
₹15 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Sep 2006 | 10023566 | Hdfc Bank Limited | ₹2.8 Cr | Open | |
| 30 Jun 2004 | 90180811 | Bank of Punjab Ltd | ₹70 Lakh | Open | |
| 15 May 1991 | 90179247 | State Bank of India | ₹15 Lakh | Satisfied |
To see the full charge records of Prestige Spinners Pvt Ltd, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Prestige Spinners Pvt Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Prestige Spinners Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Prestige Spinners Pvt Ltd has a workforce of 6 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
Employee count
6
Active EPFO establishments
1
Employee growth
200%
GST
Prestige Spinners has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACP9948D1ZG | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Prestige Spinners Pvt Ltd, buy the company report.
Recent activity
Prestige Spinners Pvt Ltd has 3 board changes on record since 2001: 3 appointments. The latest: Mudit Gupta was appointed as Director on 10 Jun 2006.
AGM
Prestige Spinners Pvt Ltd last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Prestige Spinners Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.
Charges
A charge with Hdfc Bank Limited of Rs. 280.00 Lakh registered on 16 Sep 2006 with Charge ID 10023566 was modified on 21 Aug 2015.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 280.00 Lakh with Charge ID 10023566 was registered on 16 Sep 2006.
Appointed
Mudit Gupta was appointed as Director.
Charges
A charge registered on 15 May 1991 via Charge ID 90179247 with State Bank Of India was fully satisfied on 23 Mar 2006.
Charges
A charge with Bank Of Punjab Ltd amounted to Rs. 70.00 Lakh with Charge ID 90180811 was registered on 30 Jun 2004.
Appointed
Radhika Gupta was appointed as Director.
Charges
A charge with State Bank Of India of Rs. 15.00 Lakh registered on 15 May 1991 with Charge ID 90179247 was modified on 09 Aug 2002.
Appointed
Raman Kumar Gupta was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 15.00 Lakh with Charge ID 90179247 was registered on 15 May 1991.
Incorporation
15 Jun 1989
Prestige Spinners Pvt Ltd was registered on 15 Jun 1989 with Roc Chandigarh & aged 37 years 4 months as per MCA records.
Frequently asked questions
Prestige Spinners is an active private limited company based in Ludhiana, Punjab, India. The company works in innerwear, within the fashion and textile industry. It was incorporated on 15 June 1989 (37+ years old) and is registered under CIN U17297PB1989PTC009432.
Prestige Spinners has 3 current directors:
- Mudit Gupta - Director
- Radhika Gupta - Director
- Raman Kumar Gupta - Director
The latest financial statements of Prestige 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 Prestige Spinners is 03AAACP9948D1ZG, registered in Punjab. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Prestige Spinners is U17297PB1989PTC009432. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prestige Spinners was incorporated on 15 June 1989, making it 37+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Prestige Spinners by revenue are Glamourwear Apparels Private Limited, Exodus Knitwear Pvt Ltd, Trimurti Velvet Private Limited, Sivasakthi Spintex Mill Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Mudit Gupta was appointed as Director on 10 Jun 2006. Radhika Gupta was appointed as Director on 13 Oct 2003. Raman Kumar Gupta was appointed as Director on 02 Jan 2001.
Yes, Prestige Spinners is registered as a small enterprise under Udyam registration (number: UDYAM-PB-12-0011170).
The registered office of Prestige Spinners is at 186 Industrial Area A Ludhiana, Punjab, India – 141003.
Prestige Spinners operates in the fashion and textile industry, in the innerwear segment.