MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-02-0047541
Saravana Spinners Limited
Saravana Spinners Limited - environment in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹70.85 Cr
▼ 4.74% YoY
Net loss · FY 2025
₹10.17 Cr
Net margin -14.4%
EBITDA · FY 2025
-₹1.05 Cr
EBITDA margin -1.5%
Authorised capital
₹1.5 Cr
Registered with MCA
Paid-up capital
₹95 Lakh
Issued & subscribed
Open charges
₹38.47 Cr
Satisfied ₹13.74 Cr
Company age
42 yrs
Est. 1984
Employees · EPFO
251
Provident fund records
About Saravana Spinners Limited
Data last updated:
Saravana Spinners Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the wind energy solutions segment of the environmental services sector. It was incorporated on 05 June 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U17100TN1984PLC010911. Its GSTIN is 33AAACK1274H2ZU (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹95 Lakh. It was formerly known as Kumaragiri Electronics Ltd. It is led by directors including Saravanan Palaniappan (Whole-Time Director) and Revathi Saravanan (Whole-Time Director).
Its last annual general meeting (AGM) was held on 11 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹70.85 Cr. For the same year it recorded a net loss of ₹10.17 Cr (net margin -14.4%) and EBITDA of -₹1.05 Cr (EBITDA margin -1.5%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 2% over five years.
The company has about 251 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹38.47 Cr and satisfied charges of ₹13.74 Cr on record. Court records list 10 cases involving the company, including 5 filed by the company and 5 filed against it.
Saravana Spinners Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0047541). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U17100TN1984PLC010911
Registration Number 010911
Incorporation Date 05 June 1984
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 11 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-02-0047541
CIN history
Saravana Spinners has one previous CIN (Corporate Identification Number): U33111TN1984PLC010911. The current CIN is U17100TN1984PLC010911, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17100TN1984PLC010911 | Current |
| U33111TN1984PLC010911 | Previous |
Key People
Saravanan Palaniappan Whole-Time Director Revathi Saravanan Whole-Time Director Palaniappan Pichai Director Recognitions & Rankings of Saravana Spinners
Contact details
Saravana Spinners Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressPalani Muthu Towers G – Block Second Floor New No.19 20th Main Road Anna Nagar We, St, Chennai, Tamil Nadu, India – 600040
- IndustryEnvironment, Wind Energy Solutions
To see the full contact details of Saravana Spinners Limited, buy the company report.
Comprehensive company report
Saravana Spinners Limited - one report that includes everything
- 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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Business activity
The main business activity of Saravana Spinners is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Saravana Spinners Limited, buy the company report.
Financials of Saravana Spinners Limited
FY 2025 filings availableSaravana Spinners Limited reported revenue of ₹70.85 Cr for FY 2025.
Revenue · FY 2025
₹70.85 Cr
Net loss · FY 2025
₹10.17 Cr margin -14.4%
EBITDA · FY 2025
-₹1.05 Cr margin -1.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▼ 5%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 50%
3 years · compounded
▼ 27%
5 years · compounded
▼ 16%
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years. EBITDA rose 50% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹1.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.17 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.5% | ||||
| Net Profit Margin | -14.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
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| 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 Saravana Spinners Limited, buy the company report.
Board of directors of Saravana Spinners Limited
Saravana Spinners has 4 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Palaniappan Pichai | Director | 05 Jun 1984 | 42 Years 5 Months | Current |
| Saravanan Palaniappan | Whole-Time Director | 23 Aug 2006 | 20 Years 2 Months | Current |
| Palaniappan Muthulakshmi Also directs: Kumaragiri Textiles Ltd | Director | 23 Aug 2006 | 20 Years 2 Months | Current |
| Revathi Saravanan | Whole-Time Director | 27 May 2010 | 16 Years 5 Months | Current |
Peer comparison
Saravana Spinners Limited is compared with the 4 companies closest to it by revenue in the Cleantech industry (Textiles, Wind Power), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pratapraisons Textiles Private Limited | ₹70.99 Cr (FY 2024) | 6.0% | Jaipur, Rajasthan, India | |||
| Mahavira Collections Private Limited | ₹70.95 Cr (FY 2024) | -1.0% | New Delhi, Delhi, India | |||
| Saravana Spinners Limitedthis company | ₹70.85 Cr (FY 2025) | -₹10.17 Cr | -14.4% | 251 | Chennai, Tamil Nadu, India | |
| Nagammal Mills Private Limited | ₹70.83 Cr (FY 2024) | 29.0% | Nagercoil, Tamil Nadu, India | |||
| Shyam Indospin Limited | ₹70.8 Cr (FY 2025) | 9.0% | Chandigarh, India |
To see the full peer comparison of Saravana Spinners Limited, buy the company report.
Auditor
Saravana Spinners Limited is audited by D. Rangaswamy & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D. Rangaswamy & Co | FY 2023 | 003073S |
Shareholding
The shareholding of Saravana Spinners Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Saravana Spinners Limited, buy the company report.
Charges & borrowings
Open charges
₹38.47 Cr
Satisfied charges
₹13.74 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Oct 2020 | 100383326 | Hdfc Bank Limited | ₹86.97 Lakh | Open | |
| 01 Feb 2002 | 90301062 | Others | ₹37.6 Cr | Open | |
| 18 Aug 2005 | 90288330 | State Bank of India | ₹10 Cr | Satisfied | |
| 28 Jul 1997 | 90300724 | The Nedungadi Bank Ltd | ₹1.2 Cr | Satisfied | |
| 19 Sep 1994 | 90300426 | Andhra Bank | ₹1.15 Cr | Satisfied |
To see the full charge records of Saravana Spinners Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Saravana Spinners Limited has 10 court cases on record: 5 filed by Saravana Spinners, 5 filed against it. All cases are disposed.
Total cases
10
Filed by the company
5
Filed against the company
5
Disposed
10
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 10 | 5 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Writ petition | Filed by the company against individuals | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against individuals | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against individuals | Disposed |
| High Court, TAMIL NADU | Civil suit | Filed against the company by The State of Tamilnadu | Disposed |
| High Court, TAMIL NADU | Court case (TCMP) | Filed against the company by The State of Tamilnadu | Disposed |
To see the full case history of Saravana 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.
Credit ratings & regulatory alerts
Saravana Spinners Limited was last rated by Icra on 07 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Mar 2022 |
To see the full credit ratings and regulatory alerts of Saravana Spinners Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Saravana Spinners Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Saravana Spinners Limited has a workforce of 251 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
251
Active EPFO establishments
1
Employee growth
3.29%
GST
Saravana Spinners has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACK1274H2ZU | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Saravana Spinners Limited, buy the company report.
Recent activity
Saravana Spinners Limited has 9 board changes on record since 1984: 4 appointments and 5 cessations. The latest: Balaji Abirami Sundari ceased to be Director on 20 Feb 2013.
AGM
Saravana Spinners Limited last Annual general meeting of members was held on 11 Sep 2025 as per latest MCA records.
Filing
Saravana Spinners Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge with Others of Rs. 37.60 Cr registered on 01 Feb 2002 with Charge ID 90301062 was modified on 09 Dec 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.87 Cr with Charge ID 100383326 was registered on 21 Oct 2020.
Charges
A charge registered on 18 Aug 2005 via Charge ID 90288330 with State Bank Of India was fully satisfied on 17 Oct 2015.
Ceased
Balaji Abirami Sundari ceased to be Director.
Ceased
Palaniappan Balaji ceased to be Whole-Time Director.
Ceased
Pattam Muthu Pichai Chettiar ceased to be Director.
Appointed
Revathi Saravanan was appointed as Whole-Time Director.
Ceased
Pitchai Muthuswamy ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 10.00 Cr registered on 18 Aug 2005 with Charge ID 90288330 was modified on 06 Jan 2009.
Ceased
Saravanan Palaniappan ceased to be Director.
23 earlier events are in the company report.
Frequently asked questions
Saravana Spinners is an active public limited company based in Chennai, Tamil Nadu, India. The company works in wind energy solutions, within the environment industry. It was incorporated on 05 June 1984 (42+ years old) and is registered under CIN U17100TN1984PLC010911.
Saravana Spinners has 4 current directors:
- Saravanan Palaniappan - Whole-Time Director
- Revathi Saravanan - Whole-Time Director
- Palaniappan Pichai - Director
- Palaniappan Muthulakshmi - Director
The latest financial statements of Saravana Spinners on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 11 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Saravana Spinners is 33AAACK1274H2ZU, 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 Saravana Spinners is U17100TN1984PLC010911. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Saravana Spinners has 10 court cases on record: 5 filed by the company and 5 filed against it.
Saravana Spinners was incorporated on 05 June 1984, making it 42+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Saravana Spinners by revenue are Pratapraisons Textiles Private Limited, Mahavira Collections Private Limited, Nagammal Mills Private Limited, Shyam Indospin Limited, all in the Cleantech industry (Textiles, Wind Power), with the same principal business activity (textile, leather and other apparel products).
Balaji Abirami Sundari ceased to be Director on 20 Feb 2013. Palaniappan Balaji ceased to be Whole-Time Director on 20 Feb 2013. Pattam Muthu Pichai Chettiar ceased to be Director on 25 Apr 2012. Saravana Spinners has 9 board changes on record in total.
Yes, Saravana Spinners is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-02-0047541).
The registered office of Saravana Spinners is at Palani Muthu Towers G – Block Second Floor New No.19 20th Main Road Anna Nagar We, St, Chennai, Tamil Nadu, India – 600040.
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