About Prostar Textile Mill Private Limited
Data last updated:
Prostar Textile Mill Private Limited is a private limited company based in Tirupur, Tamil Nadu, 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 segment of the manufacturing sector. It was incorporated on 29 October 2015.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U18101TZ2015PTC021917. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.79 Cr. It is led by directors including Muthusamy Paramasivan (Managing Director) and Swaminathan Prabhu (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at 3/599A Venkatachalapathy Nagar Parapalayam Road Mannarai(Po), Tirupur, Tamil Nadu, India – 641607.
As per the financials filed for FY 2021, the company reported a revenue of ₹9.04 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹1.23 Lakh (net margin 0.1%) and EBITDA of ₹3.67 Cr (EBITDA margin 40.6%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹17.2 Cr on record. Court records list 8 cases involving the company, including 3 filed by the company and 5 filed against it; 3 cases are pending.
The last known website on record is prostartex.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address3/599A Venkatachalapathy Nagar Parapalayam Road Mannarai(Po), Tirupur, Tamil Nadu, India – 641607
- IndustryManufacturing, Textile
- 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
- One PDF report, delivered after checkout
Business Activity of Prostar Textile Mill Private Limited
The main business activity of Prostar Textile Mill is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Prostar Textile Mill Private Limited FY 2021 filings available
Prostar Textile Mill Private Limited reported revenue of ₹9.04 Cr (down 29% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR) of Prostar Textile Mill Private Limited
Revenue fell 29% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 23%. EBITDA fell 1% 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 of Prostar Textile Mill Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹9.04 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.67 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.23 Lakh | •••• | •••• | •••• | •••• |
| 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 of Prostar Textile Mill Private Limited
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 40.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Prostar Textile Mill are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Prostar Textile Mill Private Limited
Prostar Textile Mill has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swaminathan Prabhu Also directs: SPP Insolvency Professionals LLP, Ritul Renewables Private Limited | Irp/Rp/Liquidator | 30 Jun 2023 | 3 Years 3 Months | As last reported |
| Suresh Kumar Mahalingam Also directs: SPP Insolvency Professionals LLP | Irp/Rp/Liquidator | 17 Mar 2023 | 3 Years 7 Months | As last reported |
| Prabha Paramasivam | Director | 29 Oct 2015 | 10 Years 11 Months | As last reported |
| Muthusamy Paramasivan | Managing Director | 29 Oct 2015 | 10 Years 11 Months | As last reported |
Peer Comparison of Prostar Textile Mill Private Limited
Prostar Textile Mill Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rahul Cottex Private Limited | ₹9.05 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Mumbai, Maharashtra, India |
| Brahmani Silk Manufacturing Private Limited | ₹9.05 Cr (FY 2024) | •••• | •••• | 2.0% | •••• | Surat, Gujarat, India |
| Klimt Fashions Private Limited | ₹9.04 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Gurgaon, Haryana, India |
| Naughty Ninos Private Limited | ₹9.04 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Gurugram, Haryana, India |
| GPR Textiles Private Limited | ₹9.04 Cr (FY 2025) | •••• | •••• | -64.0% | •••• | Coimbatore, Tamil Nadu, India |
| Prostar Textile Mill Private Limited this company | ₹9.04 Cr (FY 2021) | •••• | •••• | -29.0% | •••• | Tirupur, Tamil Nadu, India |
| Shri M.S.Balakumaar Spinners Private Limited | ₹9.04 Cr (FY 2019) | •••• | •••• | -8.0% | •••• | Coimbatore, Tamil Nadu, India |
| Kevin Silk Mills Private Limited | ₹9.04 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Surat, Gujarat, India |
| Adonis Textiles Private Limited | ₹9.04 Cr (FY 2016) | •••• | •••• | -67.0% | •••• | New Delhi, Delhi, India |
| Kashiram Fabrics Private Limited | ₹9.03 Cr (FY 2024) | •••• | •••• | -5.0% | •••• | New Delhi, Delhi, India |
| Salasar Hanuman Fashions Private Limited | ₹9.03 Cr (FY 2024) | •••• | •••• | -15.0% | •••• | Surat, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Prostar Textile Mill by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Prostar Textile Mill Private Limited
Prostar Textile Mill Private Limited is audited by Kaleem & Co for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Kaleem & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Prostar Textile Mill Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Prostar Textile Mill Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Nov 2016 | Others | ₹17.2 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Prostar Textile Mill Private Limited
Prostar Textile Mill Private Limited has 8 court cases on record: 3 filed by Prostar Textile Mill, 5 filed against it. 3 cases are pending and 5 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 3 |
| NCLAT | 3 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Stovec Industries Limited | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss cases SW) | Filed against the company by Asia Crystal Commoditiy LLP | Pending |
| District court, Tiruppur, Tamil Nadu | Criminal case | Filed against the company by P.Krishnamoorthy,Marketing Executive for M/S.Lakshmi Bio Chem | Pending |
| District court, Tiruppur, Tamil Nadu | Criminal case | Filed against the company by P.Krishnamoorthy,Marketing Executive for M/S.Lakshmi Bio Chem | Pending |
| NCLAT, Chennai | Interim or miscellaneous application | Filed by the company against individuals | Disposed |
Full case history
All 8 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Prostar Textile Mill Private Limited
Prostar Textile Mill Private Limited has a workforce of 6 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Prostar Textile Mill Private Limited
Prostar Textile Mill Private Limited has 5 board changes on record since 2015: 4 appointments and 1 cessation. The latest: Swaminathan Prabhu was appointed as Irp/Rp/Liquidator on 30 Jun 2023.
Credit Ratings, Litigation & Regulatory Alerts for Prostar Textile Mill Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Prostar Textile Mill Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Prostar Textile Mill Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Prostar Textile Mill Private Limited
Prostar Textile Mill has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Prostar Textile Mill Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Prostar Textile Mill Private Limited
Prostar Textile Mill 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.
Prostar Textile Mill is a company under liquidation, formerly operating as a private limited company based in Tirupur, Tamil Nadu, India. The company works in textile, within the manufacturing industry. It was incorporated on 29 October 2015 and is registered under CIN U18101TZ2015PTC021917. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Prostar Textile Mill reported revenue of ₹9.04 Cr for FY 2021 (down 29% YoY).
Prostar Textile Mill has 4 current directors:
- Muthusamy Paramasivan - Managing Director
- Prabha Paramasivam - Director
- Swaminathan Prabhu - Irp/Rp/Liquidator
- Suresh Kumar Mahalingam - Irp/Rp/Liquidator
Prostar Textile Mill reported a net profit of ₹1.23 Lakh (net margin 0.1%) and EBITDA of ₹3.67 Cr (EBITDA margin 40.6%) for FY 2021, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Prostar Textile Mill is 23% over three years. In the latest year (FY 2021) revenue fell 29%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Prostar Textile Mill is U18101TZ2015PTC021917. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prostar Textile Mill has open charges of ₹17.2 Cr and no satisfied charges on record as per latest MCA filings.
Prostar Textile Mill has 8 court cases on record: 3 filed by the company and 5 filed against it. 3 are pending. Most are in the district courts.
Prostar Textile Mill was incorporated on 29 October 2015. It is registered with the Registrar of Companies, Coimbatore.
The peers of Prostar Textile Mill by revenue are Rahul Cottex Private Limited, Brahmani Silk Manufacturing Private Limited, Klimt Fashions Private Limited, Naughty Ninos Private Limited, GPR Textiles Private Limited and 5 more, all in the Manufacturing industry (Textiles).