Salona Cotspin Limited - Company Profile

It is a manufacturing public limited company based in Sathyamangalam, Tamil Nadu, India, established in 1994.
1994 Sathyamangalam, Tamil Nadu, India Active
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About Salona Cotspin Limited

Salona Cotspin Limited, a active public limited company, was established on 18 January 1994 in Sathyamangalam, Tamil Nadu, India. Engaging in textile & fabric production within the manufacturing sector, it holds CIN: L17111TZ1994PLC004797. Registered under ROC Roc Coimbatore. it is listed on BSE: 590056 and NSE: SALONA. It has an authorized capital of ₹6.00 Cr and a paid-up capital of ₹5.26 Cr.

Formerly known as Salona Cotspin Pvt Limited. It upholds a compliant status. In 2023, it reported revenue of ₹487.20 Cr and a net worth of ₹74.18 Cr. Employing 380 professional, Its leadership includes Hari Desikan Ganesh (Director), Shyam Lal Agarwala (Managing Director), Manoj Kumar Jhajharia (Managing Director). Past directors included Srikrishnadesikan, Hari Desikan Ganesh, Arunkumar Jhajharia. It holds ₹593.29 Cr open charges and ₹77.69 Cr settled loans. Its latest AGM occurred on 19 September 2025, with the balance sheet filed on 31 March 2025. It is based at Sf No 74/12 & 75/3Sathy Road Pungampalli Village, Sathyamangalam, Tamil Nadu, 638402.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    L17111TZ1994PLC004797

  • Registration Number

    004797

  • Incorporation Date

    18 January 1994

  • Authorized Capital

    ₹6.00 Cr

  • Paid-Up Capital

    ₹5.26 Cr

  • ROC Code

    Roc Coimbatore

  • Listing Status

    Listed (BSE: 590056, NSE: SALONA)

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 6.00 Cr
  • Paid Up Capital ₹ 5.26 Cr
  • Company Age 32 Year, 28 Days
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 593.29 Cr
  • Satisfied Charges ₹ 77.69 Cr
  • Revenue Growth **** -24.71%
  • Profit Growth **** -11.22%
  • Ebitda **** -6.85%
  • Net Worth 29.59%
  • Total Assets **** 18.52%
Company report

Salona Cotspin Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Salona Cotspin Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Salona Cotspin Limited?
Current Directors
Name Designation Appointment Date Status
Hari Desikan Ganesh Director 25 Jun 2020 Current
Shyam Lal Agarwala Managing Director 18 Jan 1997 Current
Manoj Kumar Jhajharia Managing Director 26 Sep 1998 Current
Arunkumar Jhajharia Director 12 Feb 2018 Current
Raghav Agarwal Director 14 Nov 2022 Current
Prabhu Director 14 Nov 2022 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 16 Jan 2020 Past
Pramod Abcsdd Additional Director 21 Sep 2020 Past
Pramod Abcsdd Additional Director 24 Sep 2018 Past
Pramod Abcsdd Additional Director 29 Sep 2014 Past
Pramod Abcsdd Company Secretary - Past
Pramod Abcsdd Director 24 Dec 2017 Past

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Financial Performance of Salona Cotspin.

Salona Cotspin Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 24.71% decrease. The company also saw a substantial fall in profitability, with a 11.22% decrease in profit. The company's net worth Soared by an impressive increase of 29.59%.

Salona Cotspin revenue growth over time
Salona Cotspin profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -24.71%
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Revenue from Operations
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 -24.75%
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Total Assets
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 18.52%
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Profit or Loss
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 -11.22%
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Net Worth
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 29.59%
*******
*******
*******
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EBITDA
*******
 -6.85%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Salona Cotspin?

In 2023, Salona Cotspin had a promoter holding of 67.09% and a public holding of 32.90%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹5,932,902,623.00

Satisfied Charges

₹776,906,600.00

Charges Breakdown by Lending Institutions
  • Others : 318.59 Cr
  • Hdfc Bank Limited : 214.82 Cr
  • State Bank Of India : 59.88 Cr
Latest Charge Details
Date Lender Amount Status
08 Aug 2025 Hdfc Bank Limited ₹0.87 M Open
31 Jul 2025 Hdfc Bank Limited ₹1.80 Cr Open
31 Aug 2024 Hdfc Bank Limited ₹2.25 M Open
29 Sep 2023 Hdfc Bank Limited ₹51.00 Cr Open
22 Aug 2023 Hdfc Bank Limited ₹1.76 M Open

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How Many Employees Work at Salona Cotspin?

Salona Cotspin has a workforce of 380 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Salona Cotspin, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Salona Cotspin's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Salona Cotspin
Recent Activity within the Organization
  • Annual General Meeting

    The activity Salona Cotspin Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records. was completed.

  • Director Appointment

    Progress on Gaurav Jain was appointed as a Additional Director was appointed as a Additional Director on 23 Aug 2025 & has been associated with this company since 5 months 25 days . was documented.

  • Charges

    Progress on A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 101158306 was registered on 08 Aug 2025. was documented.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 1.80 Cr with Charge ID 101139278 was registered on 31 Jul 2025. was recorded as a recent event.

  • Charges

    Progress on A charge registered on 29 Apr 2020 via Charge ID 100364822 with Others was fully satisfied on 21 Jun 2025. was documented.

  • Charges

    Progress on A charge registered on 26 Apr 2024 via Charge ID 100918128 with Others was fully satisfied on 12 Jun 2025. was documented.

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Frequently Asked Questions
What is the CIN of Salona Cotspin Limited?

The CIN of Salona Cotspin Limited is L17111TZ1994PLC004797.

Where is Salona Cotspin Limited headquartered?

Salona Cotspin Limited is headquartered at Sf No 74/12 & 75/3Sathy Road Pungampalli Village, Sathyamangalam, Tamil Nadu, 638402.

When was Salona Cotspin Limited incorporated?

Salona Cotspin Limited was incorporated on 18 January 1994.

Who are the current directors of Salona Cotspin Limited?

The current directors of Salona Cotspin Limited are

What is the primary industry of Salona Cotspin Limited?

The primary industry of Salona Cotspin Limited is Manufacturing.

Is Salona Cotspin Limited a listed company?

Salona Cotspin Limited is listed. It is listed on BSE: 590056 and NSE: SALONA.

What is the capital structure of Salona Cotspin Limited?

The authorized capital of Salona Cotspin Limited is ₹6.00 Cr, and the paid-up capital is ₹5.26 Cr.

What is the compliance status of Salona Cotspin Limited?

The compliance status of Salona Cotspin Limited is Compliant.

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