About Salzer Spinners Limited
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Salzer Spinners Limited is a public limited company based in Coimbatore, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 18 June 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U31100TZ2003PLC010637. Its GSTIN is 33AACCS7147R1ZS (Tamil Nadu).
The company has an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹12 Cr. It is led by directors including Doraiswamy Rangaswamy and Manimegalai Arumugam.
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 Sikkarampalayam Karamadai – Annur Road Karamadai, Coimbatore, Tamil Nadu, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.31 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹1.95 Cr (net margin 30.9%) and EBITDA of ₹3.02 Cr (EBITDA margin 47.8%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 10% over five years.
The company has about 64 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹27.2 Cr and satisfied charges of ₹18.27 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website salzergroup.net.
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- Registered AddressSikkarampalayam Karamadai – Annur Road Karamadai, Coimbatore, Tamil Nadu, India
- IndustryManufacturing, Textile & Fabric Production
- 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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Financials of Salzer Spinners Limited FY 2024 filings available
Salzer Spinners Limited reported revenue of ₹6.31 Cr (up 27% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Salzer Spinners Limited
Revenue rose 27% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA rose 48% 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 of Salzer Spinners Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹3.02 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.95 Cr | •••• | •••• | •••• | •••• |
| 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 of Salzer Spinners Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 47.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 30.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Salzer Spinners are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Salzer Spinners Limited
Salzer Spinners Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ranoli Fabrics Private Limited | ₹6.32 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Bhilwara, Rajasthan, India |
| Pandadi Fabrics Private Limited | ₹6.32 Cr (FY 2016) | •••• | •••• | 308.0% | •••• | Surat, Gujarat, India |
| Shree Bhawani Sarees Private Limited. | ₹6.32 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Delhi, India |
| Kave Textile Mills Salem Private Limited | ₹6.32 Cr (FY 2024) | •••• | •••• | -33.0% | •••• | Salem, Tamil Nadu, India |
| Shree Bhairav Silk Mills Private Limited | ₹6.31 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Bhiwandi, Maharashtra, India |
| Salzer Spinners Limited this company | ₹6.31 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Coimbatore, Tamil Nadu, India |
| Rajarajeswari Paper Products Private Limited | ₹6.31 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Coimbatore, Tamil Nadu, India |
| Amab Clothing Private Limited | ₹6.31 Cr (FY 2024) | •••• | •••• | 11.0% | •••• | Bangalore, Karnataka, India |
| Ratan Knitted and Woven Garments Pvt Ltd | ₹6.3 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | Gandhidham, Gujarat, India |
| Gajlaxmi Agro (India) Private Limited | ₹6.3 Cr (FY 2025) | •••• | •••• | 822.0% | •••• | New Delhi, Delhi, India |
| Am Synergy Private Limited | ₹6.29 Cr (FY 2024) | •••• | •••• | -14.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Salzer Spinners by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Salzer Spinners Limited
Auditor information for Salzer Spinners Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Board of Directors and KMP of Salzer Spinners Limited
Salzer Spinners Limited currently reports 4 directors and 1 key managerial person. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Doraiswamy Rangaswamy Also directs: Salzer Electronics Limited, Kaycee Industries Limited, Salzer EV Infra Private Limited and 5 more | Director | 21 Oct 1994 | 31 Years 11 Months | Current |
| Manimegalai Arumugam Also directs: K R Health Care Private Limited, S R V E Industries Limited, Sri Ram Arts Centre Private Limited and 2 more | Director | 29 Apr 2025 | 1 Years 5 Months | Current |
| Ramanathan Venkatesan | Cfo | 01 Mar 2022 | 4 Years 7 Months | Current |
| Rangasamy Menaka | Director | 29 Apr 2025 | 1 Years 5 Months | Current |
| Doraiswamy Vishnurangaswamy Also directs: Salzer Electronics Limited, K R Health Care Private Limited, S R V E Industries Limited and 2 more | Director | 26 Dec 2017 | 8 Years 9 Months | Current |
Ownership and Shareholding of Salzer Spinners Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Salzer Spinners Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 06 Oct 2025 | Canara Bank | ₹4.2 Cr | Open |
| 21 Feb 2024 | Others | ₹15 Cr | Open |
| 23 Sep 2022 | Tata Capital Financial Services Limited | ₹8 Cr | Open |
| 05 Mar 2014 | Canara Bank | ₹5.5 Cr | Satisfied |
| 25 Mar 2004 | Saradha Investments Limied | ₹47.61 Lakh | Satisfied |
Total charge records: 10 View all charges
Legal Cases of Salzer Spinners Limited
Salzer Spinners Limited has 4 court cases on record: 2 filed by Salzer Spinners, 2 filed against it. 1 case is pending and 3 are disposed. Status as checked between 28 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 1 | 1 |
| District courts | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Company petition | Filed against the company by an individual | Pending |
| Madras High Court | Writ petition | Filed by the company against an individual | Disposed |
| Madras High Court | Writ petition | Filed by the company against District Collector | Disposed |
| District court, Coimbatore, Tamil Nadu | Execution petition | Filed against the company by J.S.Traders | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Salzer Spinners Limited
Salzer Spinners Limited has a workforce of 64 employees as of Apr 07, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Salzer Spinners Limited
Salzer Spinners has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U31100TZ2003PLC010637, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31100TZ2003PLC010637 | Current |
| U99999TZ2003PLC010637 | Previous |
| U17111TZ2003PLC010637 | Previous |
News related to Salzer Spinners Limited
Recent Activity on Salzer Spinners Limited
Salzer Spinners Limited has 10 board changes on record since 1994: 5 appointments and 5 cessations. The latest: Manimegalai Arumugam was appointed as Director on 29 Apr 2025.
26 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Salzer Spinners Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Salzer Spinners Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Salzer Spinners Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Salzer Spinners Limited
Salzer Spinners has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCS7147R1ZS | Tamil Nadu | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Salzer Spinners Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Salzer Spinners Limited
Salzer Spinners is an active public limited company based in Coimbatore, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 18 June 2003 (23+ years old) and is registered under CIN U31100TZ2003PLC010637.
Salzer Spinners reported revenue of ₹6.31 Cr for FY 2025 (up 27% YoY).
Salzer Spinners has 5 current directors and KMP:
- Doraiswamy Rangaswamy - Director
- Manimegalai Arumugam - Director
- Rangasamy Menaka - Director
- Doraiswamy Vishnurangaswamy - Director
- Ramanathan Venkatesan - Cfo
Salzer Spinners reported a net profit of ₹1.95 Cr (net margin 30.9%) and EBITDA of ₹3.02 Cr (EBITDA margin 47.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Salzer Spinners is 39% over three years and -10% over five years. In the latest year (FY 2025) revenue rose 27%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Salzer Spinners is 33AACCS7147R1ZS, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Salzer Spinners is U31100TZ2003PLC010637. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Salzer Spinners has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Salzer Spinners was incorporated on 18 June 2003, making it 23+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Salzer Spinners by revenue are Ranoli Fabrics Private Limited, Pandadi Fabrics Private Limited, Shree Bhawani Sarees Private Limited, Kave Textile Mills Salem Private Limited, Shree Bhairav Silk Mills Private Limited and 5 more, all in the Manufacturing industry (Textiles).
Manimegalai Arumugam was appointed as Director on 29 Apr 2025. Rangasamy Menaka was appointed as Director on 29 Apr 2025. Neelaveni Ramachandran ceased to be Cfo(Kmp) on 01 Mar 2022. Salzer Spinners has 10 board changes on record in total.