Salzer Magnet Wires Limited - Company Profile

Q: Where is Salzer Magnet Wires Limited headquartered?

Salzer Magnet Wires Limited is headquartered at 8823, Coimbatore Main Road Bettathapuram, Coimbatore, Tamil Nadu, 641104.

Q: Who are the current directors of Salzer Magnet Wires Limited?

The current directors of Salzer Magnet Wires Limited are Dasappan Govindaraj, Venkatapathy, Narayanaswamy Jayabal, Rajeshkumar Doraiswamy, Doraiswamy Rangaswamy, Perumalreddiar Ramachandran.

It is a manufacturing public limited company based in Coimbatore, Tamil Nadu, India, established in 2008.

2008 Coimbatore, Tamil Nadu, India Dissolved Under Section 59(8)

Last Updated: December 12, 2025

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About Salzer Magnet Wires Limited

Salzer Magnet Wires Limited, a dissolved under section 59(8) public limited company, was established on 08 September 2008 in Coimbatore, Tamil Nadu, India. Engaging in cable & wire within the trade sector, it holds CIN: U31300TZ2008PLC014746. Registered under ROC Roc Coimbatore. it is unlisted. It has an authorized capital of ₹20.00 Cr and a paid-up capital of ₹13.40 Cr.

It upholds a compliant status. Employing 23 professional, Its leadership includes Dasappan Govindaraj (Nodal Officer), Venkatapathy (Director), Narayanaswamy Jayabal (Director). Past directors included Kuppandapalayam Manickam Murugesan, Venkatapathy, Narayanaswamy Jayabal. It holds no open charges and ₹41.30 Cr settled loans. Its latest AGM occurred on 28 September 2019, with the balance sheet filed on 31 March 2019. It is based at 882/3, Coimbatore Main Road Bettathapuram, Coimbatore, Tamil Nadu, 641104.

Company Details

CIN/LLPIN
U31300TZ2008PLC014746
Registration Number
014746
Incorporation Date
08 September 2008
Authorized Capital
₹20.00 Cr
Paid-Up Capital
₹13.40 Cr
ROC Code
Roc Coimbatore
Listing Status
Unlisted
Company Status
Dissolved Under Section 59(8)

Key Metrics

Authorised Capital ₹ 20.00 Cr as on 12-12-2025
Paid Up Capital ₹ 13.40 Cr as on 12-12-2025
Company Age 17 Year, 5 Months
Last Filing with ROC 31 Mar 2019
Satisfied Charges ₹ 41.30 Cr as on 12-12-2025
Revenue Growth **** -97.84% (FY 2019)
Profit Growth **** -93.14% (FY 2019)
Ebitda **** -100.68% (FY 2019)
Net Worth -1.22% (FY 2019)
Total Assets -3.06% (FY 2019)

Comprehensive Company Insights

Explore comprehensive insights into Salzer Magnet Wires 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 Salzer Magnet Wires Limited?

Current Directors

Name	Designation	Appointment Date	Status
Dasappan Govindaraj	Nodal Officer	28 Jun 2022	Current
Venkatapathy	Director	24 Mar 2015	Current
Narayanaswamy Jayabal	Director	24 Mar 2015	Current
Rajeshkumar Doraiswamy	Director	08 Sep 2008	Current
Doraiswamy Rangaswamy	Director	08 Sep 2008	Current
Perumalreddiar Ramachandran	Director	03 Sep 2016	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Nodal Officer	28 Jun 2022	Past
Pramod Abcsdd	Additional Director	30 Sep 2015	Past
Pramod Abcsdd	Additional Director	30 Sep 2015	Past
Pramod Abcsdd	Director	30 Apr 2016	Past
Pramod Abcsdd	Director	01 Apr 2015	Past
Pramod Abcsdd	Company Secretary	-	Past

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Financial Performance of Salzer Magnet Wires.

Salzer Magnet Wires Limited, for the financial year ended 2019, experienced significant reduction in revenue, with a 97.84% decrease. The company also saw a substantial fall in profitability, with a 93.14% decrease in profit. The company's net worth dipped by a decrease of 1.22%.

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

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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

********

-97.84%

*******

Revenue from Operations

*******

-98.03%

*******

Total Assets

*******

-3.06%

*******

Profit or Loss

*******

-93.14%

*******

Net Worth

*******

-1.22%

*******

EBITDA

*******

-100.68%

*******

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What is the Ownership and Shareholding Structure of Salzer Magnet Wires?

In 2019, Salzer Magnet Wires had a promoter holding of 33.53% and a public holding of 66.47%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

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

₹0

Satisfied Charges

₹413,000,000.00

Charges Breakdown by Lending Institutions

Axis Bank Limited : 23.00 Cr
Bank Of India Limited : 18.30 Cr

Latest Charge Details

Date	Lender	Amount	Status
20 Jul 2017	Axis Bank Limited	₹23.00 Cr	Satisfied
15 Jun 2009	Bank Of India Limited	₹18.30 Cr	Satisfied

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How Many Employees Work at Salzer Magnet Wires?

Salzer Magnet Wires has a workforce of 23 employees as of Apr 03, 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

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Salzer Magnet Wires, 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 Salzer Magnet Wires's trajectory.

Rating

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Alerts

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 Salzer Magnet Wires

Recent Activity within the Organization

Director Appointment

Dasappan Govindaraj was appointed as a Nodal Officer was appointed as a Nodal Officer on 28 Jun 2022 & has been associated with this company since 3 years 7 months . was recorded as a recent event.
28 Jun 2022
Annual General Meeting

The activity Salzer Magnet Wires Limited last Annual general meeting of members was held on 28 Sep 2019 as per latest MCA records. was completed.
28 Sep 2019
Balance Sheet

The activity Salzer Magnet Wires Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Coimbatore. was completed.
31 Mar 2019
Director Appointment

The activity Dasappan Govindaraj was appointed as a CFO was appointed as a CFO on 01 Mar 2019 & has been associated with this company since 6 years 11 months . was completed.
01 Mar 2019
Charges

Progress on A charge registered on 20 Jul 2017 via Charge ID 100119617 with Axis Bank Limited was fully satisfied on 20 Feb 2019. was documented.
20 Feb 2019
Charges

Progress on A charge registered on 15 Jun 2009 via Charge ID 10168506 with Bank Of India Limited was fully satisfied on 03 Jan 2019. was documented.
03 Jan 2019

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