About Priyadarsini Limited
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Priyadarsini Limited is a public limited company based in Telangana, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 14 May 1981.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN L18100TG1981PLC003031. Its GSTIN is 36AABCP2284K1Z8 (Telangana). The company holds 6 GST registrations, of which 2 are active. It is recorded as listed by MCA, but its shares were delisted from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹35 Cr and a paid-up capital of ₹11.08 Cr. It was formerly known as Priyadarshini Spinning Mills Limited. It is led by directors including Kowsalendra Rao Cherukuri (Whole-Time Director) and Ratnakumari Cherukuri.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Survey No 726 And 744 N.H.9 Sadasivpet, Telangana, India – 502291.
As per the financials filed for FY 2018, the company reported a revenue of ₹8.35 Cr, a decline of 68% compared to the previous year. For the same year it recorded a net loss of ₹6.75 Cr (net margin -80.9%) and EBITDA of -₹4.2 Cr (EBITDA margin -50.3%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years and 41% over five years.
The company has about 712 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Priyadarsini. As per MCA filings, the company has open charges of ₹212.79 Cr and satisfied charges of ₹58.99 Cr on record. Court records list 68 cases involving the company, including 31 filed by the company and 37 filed against it; 10 cases are pending. The company has 130 deals on record (130 market trades); the latest was in February 2015. Its 8 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 4 smaller; the largest is Annur Annamalaiar Spinning Mills Private Limited with revenue of ₹32.01 Cr.
The last known website on record is psmspinning.com.
Company details
CIN history
Priyadarsini has one previous CIN (Corporate Identification Number): L18100AP1981PLC003031. The current CIN is L18100TG1981PLC003031, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L18100TG1981PLC003031 | Current |
| L18100AP1981PLC003031 | Previous |
Contact details
Priyadarsini Limited's registered office is in Telangana. Its website is psmspinning.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressSurvey No 726 And 744 N.H.9 Sadasivpet, Telangana, India – 502291
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Priyadarsini Limited, buy the company report.
- 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
Brands
Priyadarsini operates one associated brand: Priyadarsini. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI-powered financial news analysis and market monitoring services for investors. | psmspinning.com |
Business activity
The main business activity of Priyadarsini 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 Priyadarsini Limited, buy the company report.
Financials of Priyadarsini Limited
FY 2018 filings availablePriyadarsini Limited reported revenue of ₹8.35 Cr (down 68% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 41% over five years, including a 68% fall 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹8.35 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹4.2 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹6.75 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -50.3% | |||
| Net Profit Margin | -80.9% | |||
| 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 | ||||
To see the full financial statements and ratios of Priyadarsini Limited, buy the company report.
Board of directors of Priyadarsini Limited
Priyadarsini has 3 current directors and 24 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ratnakumari Cherukuri Also directs: Sravanthi Agencies Private Limited, Natwest Investments Limited, Koneru Investments Pvt Ltd. and 1 more | Director | 25 Mar 2015 | 11 Years 7 Months | As last reported |
| Kowsalendra Rao Cherukuri Also directs: Natwest Investments Limited | Whole-Time Director | 08 Jun 2011 | 15 Years 5 Months | As last reported |
| Mamillapalli Laxminarayana Also directs: Sravanthi Agencies Private Limited, Natwest Investments Limited, Koneru Investments Pvt Ltd. and 1 more | Director | 14 Feb 2018 | 8 Years 8 Months | As last reported |
Peer comparison
Priyadarsini Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Annur Annamalaiar Spinning Mills Private Limited | ₹32.01 Cr (FY 2024) | -22.0% | Coimbatore, Tamil Nadu, India | |||
| Rohit Bal Designs Private Limited | ₹32.01 Cr (FY 2025) | 14.0% | New Delhi, Delhi, India | |||
| K3 Fabric Hub Private Limited | ₹32.01 Cr (FY 2025) | -4.0% | Surat, Gujarat, India | |||
| Shri Harikrishna Sizing Pvt Ltd | ₹32 Cr (FY 2025) | -6.0% | Surat, Gujarat, India | |||
| Rahul Silk Mills Private Limited | ₹31.93 Cr (FY 2024) | 26.0% | Surat, Gujarat, India | |||
| Poddar Sales Pvt Ltd | ₹31.93 Cr (FY 2025) | -19.0% | Kolkata, West Bengal, India | |||
| Sna Fiber Tex Private Limited | ₹31.91 Cr (FY 2025) | 10.0% | Panipat, Haryana, India | |||
| Sriramagiri Spinning Mills Limited | ₹31.87 Cr (FY 2019) | 14.0% | Hyderabad, Telangana, India | |||
| Priyadarsini Limitedthis company | ₹8.35 Cr (FY 2018) | -₹6.75 Cr | -80.9% | -68.0% | Telangana, India |
To see the full peer comparison of Priyadarsini Limited, buy the company report.
Auditor
Priyadarsini Limited is audited by G M N RAO & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G M N RAO & CO | FY 2018 | 016126S |
Shareholding
The shareholding of Priyadarsini Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Priyadarsini Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jan 2009 | 10141230 | State Bank of India | ₹2 Cr | Open | |
| 03 Nov 2007 | 10075905 | Union Bank of India | ₹2 Cr | Open | |
| 07 Oct 2006 | 10021959 | Bank of India | ₹11.84 Cr | Open | |
| 07 Aug 2006 | 10020098 | State Bank of India | ₹27.49 Cr | Open | |
| 30 Jun 2006 | 10013198 | Bank of India | ₹1.5 Cr | Open |
To see the full charge records of Priyadarsini Limited, buy the company report.
Total charge records: 46 View all charges
Deals & funding
Priyadarsini Limited has 130 deals on record (130 market trades); the latest was in February 2015.
Deals on record (5 of 130)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2015 | Market trade | ₹6.5 Lakh | Buyer: Decent Fin Ser (P) Ltd Seller: Arihant Advertising Private Limited |
| Mar 2012 | Market trade | ₹16.3 Lakh | Buyer: Arihant Advertising Private Limited Seller: S.V.S. Management Consultants Private Limited , Swamoh Apparels Private Limited |
| Nov 2011 | Market trade | ₹19.2 Lakh | Buyer: Bhaijee Portfolio Limited |
| Nov 2011 | Market trade | ₹26.4 Lakh | Buyer: Decent Financial Services Private Limited |
| Sep 2011 | Market trade | ₹62.7 Lakh | Buyer: Advance India Shares and Securities Private Limited Seller: an individual |
To see the full deal history of Priyadarsini Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Priyadarsini Limited has 68 court cases on record: 31 filed by Priyadarsini, 37 filed against it. 10 cases are pending and 58 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 50 | 22 | 8 |
| District courts | 13 | 11 | 2 |
| Supreme Court | 3 | 2 | 0 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 68)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Guntur, Andhra Pradesh | Civil suit | Filed against the company by Idupulapadu Cotton Mills Pvt Ltd | Pending |
| High Court, TELANGANA | Writ petition | Filed by the company against Transmission Corporation of Andhra Pradesh Ltd., and 3 others | Pending |
| District court, Thrissur, Kerala | Civil suit | Filed against the company by Pee Pee Hire Purchase Pvt. Ltd | Disposed |
| High Court for State of Telangana | Writ petition | Filed by the company against Transmission Corporation of Andhra Pradesh Limited and 3 others | Disposed |
| High Court, TELANGANA | Writ petition | Filed against the company by M/S. Sravanthi Agencies Private Ltd., Having Its Registered | Disposed |
To see the full case history of Priyadarsini 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Priyadarsini Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Priyadarsini has 6 GST registrations: 2 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AABCP2284K1Z8 | Telangana | Active | 01 Jul 2017 |
| 37AABCP2284K1Z6 | Andhra Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Priyadarsini Limited, buy the company report.
Recent activity
Priyadarsini Limited has 49 board changes on record since 1991: 26 appointments and 23 cessations. The latest: Hoskote Nanjappa Vishweshwar ceased to be Nominee Director on 09 Sep 2019.
119 earlier events are in the company report.
Frequently asked questions
Priyadarsini is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Priyadarsini is a company under liquidation, formerly operating as a public limited company based in Telangana, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 14 May 1981 and is registered under CIN L18100TG1981PLC003031. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Priyadarsini has 3 current directors:
- Kowsalendra Rao Cherukuri - Whole-Time Director
- Ratnakumari Cherukuri - Director
- Mamillapalli Laxminarayana - Director
The latest financial statements of Priyadarsini on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Priyadarsini is L18100TG1981PLC003031. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Priyadarsini is recorded as a listed company by MCA, but its shares were delisted from BSE on 11 May 2018 · compulsory delisting, and no longer trade on a stock exchange.
Priyadarsini has open charges of ₹212.79 Cr and satisfied charges of ₹58.99 Cr as per latest MCA filings.
Priyadarsini has 68 court cases on record: 31 filed by the company and 37 filed against it. 10 are pending. Most are in the high courts.
Priyadarsini was incorporated on 14 May 1981. It is registered with the Registrar of Companies, Hyderabad.
Priyadarsini has 130 deals on record (130 market trades); the latest was in February 2015.
The peers of Priyadarsini by revenue are Annur Annamalaiar Spinning Mills Private Limited, Rohit Bal Designs Private Limited, K3 Fabric Hub Private Limited, Shri Harikrishna Sizing Pvt Ltd, Rahul Silk Mills Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Sample company reports
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