Salient Tex Mill Private Limited
About Salient Tex Mill Private Limited
Data last updated:
Salient Tex Mill Private Limited is a private limited company based in Tirupur, Tamil Nadu, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 16 April 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U51311TZ2009PTC015165. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Periyakaruppan Narayanan and Sivakumar Jamuna Rani.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at #39 Kongu Nagar IV Th Street Tirupur, Tamil Nadu, India – 641607.
As per the financials filed for FY 2018, the company reported a revenue of ₹2.76 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹2.58 Lakh (net margin 0.9%) and EBITDA of ₹8.48 Lakh (EBITDA margin 3.1%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years.
As per MCA filings, the company has open charges of ₹90 Lakh and satisfied charges of ₹65.95 Lakh on record. Court records list 4 cases involving the company, including 4 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Salient Tex Mill Private Limited's registered office is in Tirupur, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address#39 Kongu Nagar IV Th Street Tirupur, Tamil Nadu, India – 641607
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Salient Tex Mill Private 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
Business activity
The main business activity of Salient Tex Mill is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Salient Tex Mill Private Limited, buy the company report.
Financials of Salient Tex Mill Private Limited
FY 2018 filings availableSalient Tex Mill Private Limited reported revenue of ₹2.76 Cr (up 197% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue rose 197% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 24%. EBITDA fell 27% 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 | ₹2.76 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹8.48 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹2.58 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 3.1% | |||
| Net Profit Margin | 0.9% | |||
| 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 Salient Tex Mill Private Limited, buy the company report.
Board of directors of Salient Tex Mill Private Limited
Salient Tex Mill has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Periyakaruppan Narayanan | Director | 16 Apr 2009 | 17 Years 6 Months | Current |
| Sivakumar Jamuna Rani | Director | 11 Sep 2017 | 9 Years 1 Months | Current |
| Periaswamy Sivakumar | Additional Director | 22 Feb 2020 | 6 Years 8 Months | Current |
Peer comparison
Salient Tex Mill Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gagan Vanijya Private Limited | ₹2.77 Cr (FY 2025) | 61.0% | Kolkata, West Bengal, India | |||
| Rutika Dealmark Private Limited | ₹2.76 Cr (FY 2025) | -69.0% | Kolkata, West Bengal, India | |||
| Salient Tex Mill Private Limitedthis company | ₹2.76 Cr (FY 2018) | ₹2.58 Lakh | 0.9% | 197.0% | Tirupur, Tamil Nadu, India | |
| Polylux Fabrics Private Limited | ₹2.76 Cr (FY 2024) | 30.0% | Surat, Gujarat, India | |||
| Lotus Fabcot Private Limited | ₹2.75 Cr (FY 2025) | -36.0% | Delhi, India | |||
| Vendure Agents Private Limited | ₹2.75 Cr (FY 2025) | -48.0% | Kolkata, West Bengal, India | |||
| Sung Ji Trading Private Limited | ₹2.75 Cr (FY 2025) | -10.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Salient Tex Mill Private Limited, buy the company report.
Auditor
Salient Tex Mill Private Limited is audited by THANGAMUTHU & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| THANGAMUTHU & ASSOCIATES | FY 2018 | 013556S |
Shareholding
The shareholding of Salient Tex Mill Private 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 Salient Tex Mill Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Apr 2018 | 100174764 | State Bank of India | ₹90 Lakh | Open | |
| 17 Nov 2012 | 10391773 | The Karur Vysya Bank Limited | ₹50 Lakh | Satisfied | |
| 09 Dec 2011 | 10326842 | The Karur Vysya Bank Limited | ₹11.45 Lakh | Satisfied | |
| 05 Feb 2011 | 10277163 | The Karur Vysya Bank Limited | ₹4.5 Lakh | Satisfied |
To see the full charge records of Salient Tex Mill Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Salient Tex Mill Private Limited has 4 court cases on record: 4 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Tiruppur, Tamil Nadu | Court case (COS) | Filed against the company by Sky Cotex India Private Limited Rep by Sundararai Karthikeyan | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Nandan Denim Ltd | Pending |
| District court, Tiruppur, Tamil Nadu | Execution petition | Filed against the company by Shriram Finance Ltd Represented by Its Authorized Representative Ramkumar | Disposed |
| District court, Ludhiana, Punjab | Commercial suit | Filed against the company by Ms Supreme Tex Mart Ltd | Disposed |
To see the full case history of Salient Tex Mill Private 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 Salient Tex Mill Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Salient Tex Mill has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Salient Tex Mill Private Limited, buy the company report.
Recent activity
Salient Tex Mill Private Limited has 5 board changes on record since 2009: 3 appointments and 2 cessations. The latest: Periaswamy Sivakumar was appointed as Additional Director on 22 Feb 2020.
4 earlier events are in the company report.
Frequently asked questions
Salient Tex Mill is an active private limited company based in Tirupur, Tamil Nadu, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 16 April 2009 (17+ years old) and is registered under CIN U51311TZ2009PTC015165.
Salient Tex Mill has 3 current directors:
- Periyakaruppan Narayanan - Director
- Sivakumar Jamuna Rani - Director
- Periaswamy Sivakumar - Additional Director
The latest financial statements of Salient Tex Mill on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 30 September 2018. Year-wise statements from 2015 are in the company report.
No. Salient Tex Mill has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Salient Tex Mill is U51311TZ2009PTC015165. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Salient Tex Mill has 4 court cases on record: 4 filed against it. 2 are pending.
Salient Tex Mill was incorporated on 16 April 2009, making it 17+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Salient Tex Mill by revenue are Gagan Vanijya Private Limited, Rutika Dealmark Private Limited, Polylux Fabrics Private Limited, Lotus Fabcot Private Limited, Vendure Agents Private Limited and 1 more, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Periaswamy Sivakumar was appointed as Additional Director on 22 Feb 2020. Sivakumar Jamuna Rani ceased to be Additional Director on 30 Sep 2017. Periaswamy Sivakumar ceased to be Director on 18 Sep 2017. Salient Tex Mill has 5 board changes on record in total.
The registered office of Salient Tex Mill is at #39 Kongu Nagar IV Th Street Tirupur, Tamil Nadu, India – 641607.
Salient Tex Mill operates in the home and lifestyle industry, in the textile retail and distribution segment.
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