R G Spinning Mills Private Limited

R G Spinning Mills Private Limited - manufacturing in Erode, Tamil Nadu, India. FY 2026 financials & compliance.
CIN U17111TZ2004PTC011274 Incorporated 18 August 2004 ROC Coimbatore HQ Erode, Tamil Nadu, India
Active Private Limited Company manufacturing MSME · Medium
Revenue · FY 2024
₹59.29 Cr
▼ 11% YoY
Net profit · FY 2024
₹27.5 Lakh
Net margin 0.5%
EBITDA · FY 2024
₹5.58 Cr
EBITDA margin 9.4%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹10 Cr
Issued & subscribed
Open charges
₹23.59 Cr
Satisfied ₹76.53 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
220
Provident fund records

About R G Spinning Mills Private Limited

Data last updated:

R G Spinning Mills Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 18 August 2004 and has been in existence for over 22 years.

The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ2004PTC011274. Its GSTIN is 33AACCR8628N1ZX (Tamil Nadu).

The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹10 Cr. It was formerly known as R G Spinning Mills Limited. It is led by directors including Pongiannan Vasanth (Managing Director) and Divakar (Whole-Time Director).

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 3/83C Sankari Main Road Pallipalayam Agraharam, Erode, Tamil Nadu, India – 638008.

As per the financials filed for FY 2024, the company reported a revenue of ₹59.29 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹27.5 Lakh (net margin 0.5%) and EBITDA of ₹5.58 Cr (EBITDA margin 9.4%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 1% over five years.

The company has about 220 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹23.59 Cr and satisfied charges of ₹76.53 Cr on record. Court records list 17 cases involving the company, including 10 filed by the company and 7 filed against it; 1 case is pending. The company has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹9.94 Cr; the latest was in May 2016. 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, 5 larger and 3 smaller; the largest is Karikali Amman Spinning Mills Private Limited with revenue of ₹59.52 Cr.

R G Spinning Mills Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-14-0005158). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website rgspinningmills.in.

Company details

CIN U17111TZ2004PTC011274
Registration Number 011274
Incorporation Date 18 August 2004
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-14-0005158

CIN history

R G Spinning Mills has one previous CIN (Corporate Identification Number): U17111TZ2004PLC011274. The current CIN is U17111TZ2004PTC011274, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U17111TZ2004PTC011274Current
U17111TZ2004PLC011274Previous
Key People
Pongiannan Vasanth Managing Director Divakar Whole-Time Director Pongiyannan Prema Director

Recognitions & Rankings of R G Spinning Mills

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-TN-14-0005158

Contact details

R G Spinning Mills Private Limited's registered office is in Erode, Tamil Nadu. Its website is rgspinningmills.in. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    rgspinningmills.in
  • Registered Address
    3/83C Sankari Main Road Pallipalayam Agraharam, Erode, Tamil Nadu, India – 638008
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of R G Spinning Mills Private Limited, buy the company report.

Comprehensive company report
R G Spinning Mills Private Limited - 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
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Business activity

The main business activity of R G Spinning Mills is manufacturing. In detail, this covers textile, leather and other apparel products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC2Textile, leather and other apparel products

To see the full business activity and turnover split of R G Spinning Mills Private Limited, buy the company report.

Financials of R G Spinning Mills Private Limited

FY 2024 filings available

R G Spinning Mills Private Limited reported revenue of ₹59.29 Cr (down 11% YoY) for FY 2024.

Revenue · FY 2024
₹59.29 Cr ▼ 11%
Net profit · FY 2024
₹27.5 Lakh margin 0.5%
EBITDA · FY 2024
₹5.58 Cr margin 9.4%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▼ 3%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▲ 4%
3 years · compounded
▼ 2%
5 years · compounded
▲ 7%

Revenue has declined at a compounded annual rate (CAGR) of 1% over five years, including a 11% fall in the latest year. EBITDA rose 4% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹5.58 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹27.5 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin9.4%
Net Profit Margin0.5%
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 R G Spinning Mills Private Limited, buy the company report.

Board of directors of R G Spinning Mills Private Limited

R G Spinning Mills has 5 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Pongiannan VasanthManaging Director18 Aug 200422 Years 2 MonthsCurrent
Pongiyannan PremaDirector18 Aug 200422 Years 2 MonthsCurrent
Palanisamy VijayaDirector30 Sep 200917 Years 1 MonthsCurrent
Mekala VasanthDirector30 Jan 201313 Years 9 MonthsCurrent
DivakarWhole-Time Director01 Jul 20179 Years 4 MonthsCurrent
View all directors

Peer comparison

R G Spinning Mills Private 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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Karikali Amman Spinning Mills Private Limited₹59.52 Cr (FY 2024)-9.0%Periyar, Tamil Nadu, India
Skyvivera Ventures Private Limited₹59.41 Cr (FY 2025)4762.0%Kishangarh, Rajasthan, India
Shreeji Cotfab Limited₹59.39 Cr (FY 2024)-41.0%Neemrana, Rajasthan, India
Opes Chem Corp Private Limited₹59.39 Cr (FY 2020)-73.0%Mumbai, Maharashtra, India
VST Spintex India Private Limited₹59.3 Cr (FY 2024)-15.0%Namakkal, Tamil Nadu, India
R G Spinning Mills Private Limitedthis company₹59.29 Cr (FY 2024)₹27.5 Lakh0.5%-11.0%220Erode, Tamil Nadu, India
Suriyagiri Spinning Mills Private Limited₹59.22 Cr (FY 2025)12.0%Komarapalayam, Tamil Nadu, India
Knit Gallery India Private Limited₹59.17 Cr (FY 2025)8.0%Tirupur, Tamil Nadu, India
Pradeep Cotton Private Limited₹59.14 Cr (FY 2025)-37.0%Barwani, Madhya Pradesh, India

To see the full peer comparison of R G Spinning Mills Private Limited, buy the company report.

Auditor

R G Spinning Mills Private Limited is audited by T N RAMADOSS & CO for the financial year 2021.

Auditor firmFinancial yearFirm registration number
T N RAMADOSS & COFY 2021007080S

Shareholding

The shareholding of R G Spinning Mills Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of R G Spinning Mills Private Limited, buy the company report.

Charges & borrowings

Open charges
₹23.59 Cr
Satisfied charges
₹76.53 Cr
Breakdown by lending institutions
State Bank of India₹12.94 Cr
Sidbi₹6.90 Cr
Axis Bank Limited₹3.75 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
04 Jun 2025101112462Axis Bank Limited₹3.75 CrOpen
26 Jul 2023100770384Sidbi₹6.9 CrOpen
05 Jan 2022100529151State Bank of India₹12.94 CrOpen
04 Dec 2021100520623Others₹12 CrSatisfied
04 Dec 2021100520624Others₹19.8 CrSatisfied

To see the full charge records of R G Spinning Mills Private Limited, buy the company report.

Total charge records: 7 View all charges

Deals & funding

R G Spinning Mills Private Limited has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹9.94 Cr; the latest was in May 2016.

Total deals
9
Secondary share transfers
6
Funding rounds
3
Disclosed funding
₹9.94 Cr

Deals on record (5 of 9)

WhenDealAmountParties
May 2016Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 4 individuals
Mar 2015Secondary share transferUndisclosedBuyer: 3 individuals
Seller: Saravanan HUF, 3 individuals
Mar 2013Secondary share transferUndisclosedBuyer: 4 individuals
Seller: 4 individuals
Mar 2012Funding round₹14 LakhInvestors: 3 individuals
Sep 2011Secondary share transferUndisclosedBuyer: 4 individuals
Seller: C. Kameshwaran HUF, 3 individuals

To see the full deal history of R G Spinning Mills Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

R G Spinning Mills Private Limited was last rated by Care on 19 Apr 2022.

Rating agencyRated onRating
Care19 Apr 2022

To see the full credit ratings and regulatory alerts of R G Spinning Mills Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for R G Spinning Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

R G Spinning Mills Private Limited has a workforce of 220 employees on its EPFO records as of Dec 2023, across 1 active EPFO establishment.

Employee count
220
Active EPFO establishments
1
Employee growth
15.2%

Headcount by financial year

Financial yearEmployees (EPFO)
FY 2023-24220
FY 2022-23
FY 2021-22
FY 2020-21
FY 2019-20
FY 2018-19
FY 2017-18
FY 2016-17

To see the full employee and EPFO history of R G Spinning Mills Private Limited, buy the company report.

GST

R G Spinning Mills has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
33AACCR8628N1ZXTamil NaduActive01 Jul 2017

To see the full GST registrations and return filing status of R G Spinning Mills Private Limited, buy the company report.

Recent activity

R G Spinning Mills Private Limited has 18 board changes on record since 2004: 5 appointments and 13 cessations. The latest: Pongiannan Vasanth ceased to be Managing Director on 31 Jan 2020.

Charges
A charge registered on 04 Dec 2021 via Charge ID 100520624 with Others was fully satisfied on 16 Oct 2025.
Charges
A charge registered on 04 Dec 2021 via Charge ID 100520623 with Others was fully satisfied on 16 Oct 2025.
Charges
A charge with Others of Rs. 12.00 Cr registered on 04 Dec 2021 with Charge ID 100520623 was modified on 05 Aug 2025.
Charges
A charge with Axis Bank Limited amounted to Rs. 3.75 Cr with Charge ID 101112462 was registered on 04 Jun 2025.
AGM
R G Spinning Mills Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
R G Spinning Mills Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Coimbatore.
Charges
A charge with Sidbi amounted to Rs. 6.90 Cr with Charge ID 100770384 was registered on 26 Jul 2023.
Charges
A charge with State Bank Of India of Rs. 12.94 Cr registered on 05 Jan 2022 with Charge ID 100529151 was modified on 27 Jun 2023.
Charges
A charge with Others of Rs. 19.80 Cr registered on 04 Dec 2021 with Charge ID 100520624 was modified on 05 Nov 2022.
Charges
A charge registered on 07 Jul 2011 via Charge ID 10299029 with Lakshmi Vilas Bank Limited was fully satisfied on 04 Feb 2022.
Charges
A charge with State Bank Of India amounted to Rs. 12.94 Cr with Charge ID 100529151 was registered on 05 Jan 2022.
Charges
A charge with Others amounted to Rs. 19.80 Cr with Charge ID 100520624 was registered on 04 Dec 2021.

25 earlier events are in the company report.

Frequently asked questions

R G Spinning Mills is an active private limited company based in Erode, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 18 August 2004 (22+ years old) and is registered under CIN U17111TZ2004PTC011274.

R G Spinning Mills has 5 current directors:

The latest financial statements of R G Spinning Mills 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 R G Spinning Mills is 33AACCR8628N1ZX, registered in Tamil Nadu.

The CIN (Corporate Identification Number) of R G Spinning Mills is U17111TZ2004PTC011274. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

R G Spinning Mills has 17 court cases on record: 10 filed by the company and 7 filed against it. 1 is pending. Most are in the high courts.

R G Spinning Mills was incorporated on 18 August 2004, making it 22+ years old. It is registered with the Registrar of Companies, Coimbatore.

R G Spinning Mills has 9 deals on record (6 secondary share transfers, 3 funding rounds), with disclosed funding of ₹9.94 Cr; the latest was in May 2016.

The peers of R G Spinning Mills by revenue are Karikali Amman Spinning Mills Private Limited, Skyvivera Ventures Private Limited, Shreeji Cotfab Limited, Opes Chem Corp Private Limited, VST Spintex India Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).

Pongiannan Vasanth ceased to be Managing Director on 31 Jan 2020. Divakar was appointed as Whole-Time Director on 01 Jul 2017. Jain Jindas Pukhraj ceased to be Director on 12 Oct 2015. R G Spinning Mills has 18 board changes on record in total.

Yes, R G Spinning Mills is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-14-0005158).