Sadhana Spinners Limited
About Sadhana Spinners Limited
Data last updated:
Sadhana Spinners Limited is a public limited company based in Tirupur, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 20 May 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ1991PLC003273. Its GSTIN is 33AADCS0669M2Z3 (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹4.5 Cr and a paid-up capital of ₹3.59 Cr. It was formerly known as Sadhana Spinners Private Limited. It is led by directors including Kasthuriswamynaidu Chelladurai and Venkatapathy Shriprakash.
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 4.689 Nochi Palayam Road Veerapandi, Tirupur, Tamil Nadu, India – 641605.
As per the financials filed for FY 2020, the company reported a revenue of ₹4.88 Lakh, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹97,907 (net margin 20.1%) and EBITDA of -₹3.48 Lakh (EBITDA margin -71.3%). Revenue has declined at a compounded annual rate (CAGR) of 73% over three years and 63% over five years.
Its group structure includes 1 subsidiary.
As per MCA filings, the company has satisfied charges of ₹11.39 Cr on record. Court records list 12 cases involving the company, including 9 filed by the company and 3 filed against it.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
Sadhana Spinners Limited's registered office is in Tirupur, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered Address4.689 Nochi Palayam Road Veerapandi, Tirupur, Tamil Nadu, India – 641605
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Sadhana Spinners 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
Financials of Sadhana Spinners Limited
FY 2024 filings availableSadhana Spinners Limited reported revenue of ₹4.88 Lakh (up 8% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue rose 8% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 63%. 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.88 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹3.48 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹97,907 | ||||
| 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -71.3% | ||||
| Net Profit Margin | 20.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Sadhana Spinners Limited, buy the company report.
Board of directors of Sadhana Spinners Limited
Sadhana Spinners has 6 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kasthuriswamynaidu Chelladurai Also directs: Tirupur Textiles Private Limited, Tirupur Gin and Press Private Limited, Sovereign Engineers Private Limited and 2 more | Director | 20 May 1991 | 35 Years 5 Months | Current |
| Venkatapathy Shriprakash | Director | 09 Oct 2004 | 22 Years 0 Months | Current |
| Venkatapathy Vijayasekar | Director | 20 May 1991 | 35 Years 5 Months | Current |
| Kasthuriswamy Naidu Venkatapathy | Director | 20 May 1991 | 35 Years 5 Months | Current |
| Vimala | Director | 09 Oct 2004 | 22 Years 0 Months | Current |
| Venkatasamynaidu Jaganathan | Director | 20 May 1991 | 35 Years 5 Months | Current |
Shareholding
The shareholding of Sadhana Spinners Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Sadhana Spinners Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Aug 2010 | 10243737 | Andhra Bank | ₹4.56 Cr | Satisfied | |
| 09 Aug 1995 | 90000530 | The Vysya Bank Ltd. | ₹30 Lakh | Satisfied | |
| 28 Nov 1994 | 90000467 | Ing Vysya Bank Limited | ₹6.53 Cr | Satisfied |
To see the full charge records of Sadhana Spinners Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Sadhana Spinners Limited has 12 court cases on record: 9 filed by Sadhana Spinners, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 11 | 3 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruppur, Tamil Nadu | Execution petition | Filed by the company against an individual | Disposed |
| High Court, TAMIL NADU | Court case (WAMP) | Filed against the company by State of Tamil Nadu Rep.By Its | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by State of Tamil Nadu Rep.By Its | Disposed |
| High Court, TAMIL NADU | Court case (WAMP) | Filed by the company against The State of Tamil Nadu and 1 other | Disposed |
| Madras High Court | Appeal | Filed by the company against The State of Tamil Nadu | Disposed |
To see the full case history of Sadhana Spinners 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 Sadhana Spinners Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sadhana Spinners has 1 subsidiary company. This group structure data is as of FY 2020. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Crystal Knitters Private Limited | U17219TZ1998PTC008283 |
To see the full group structure of Sadhana Spinners Limited, buy the company report.
Employees & EPFO
Sadhana Spinners Limited has 1 active EPFO establishment as of Mar 30, 2024.
GST
Sadhana Spinners has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCS0669M2Z3 | Tamil Nadu | Active | 11 Jan 2019 |
To see the full GST registrations and return filing status of Sadhana Spinners Limited, buy the company report.
Recent activity
Sadhana Spinners Limited has 6 board changes on record since 1991: 6 appointments. The latest: Venkatapathy Shriprakash was appointed as Director on 09 Oct 2004.
6 earlier events are in the company report.
Frequently asked questions
Sadhana Spinners is an active public limited company based in Tirupur, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 20 May 1991 (35+ years old) and is registered under CIN U17111TZ1991PLC003273.
Sadhana Spinners has 6 current directors:
- Kasthuriswamynaidu Chelladurai - Director
- Venkatapathy Shriprakash - Director
- Venkatapathy Vijayasekar - Director
- Kasthuriswamy Naidu Venkatapathy - Director
- Vimala - Director
- Venkatasamynaidu Jaganathan - Director
The latest financial statements of Sadhana 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 Sadhana Spinners is 33AADCS0669M2Z3, registered in Tamil Nadu. 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 Sadhana Spinners is U17111TZ1991PLC003273. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sadhana Spinners has 12 court cases on record: 9 filed by the company and 3 filed against it. Most are in the high courts.
Sadhana Spinners was incorporated on 20 May 1991, making it 35+ years old. It is registered with the Registrar of Companies, Coimbatore.
Venkatapathy Shriprakash was appointed as Director on 09 Oct 2004. Vimala was appointed as Director on 09 Oct 2004. Kasthuriswamy Naidu Venkatapathy was appointed as Director on 20 May 1991. Sadhana Spinners has 6 board changes on record in total.
The registered office of Sadhana Spinners is at 4.689 Nochi Palayam Road Veerapandi, Tirupur, Tamil Nadu, India – 641605.
Sadhana Spinners operates in the manufacturing industry, in the textile and fabric production segment.