About SCM Silks Private Limited
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SCM Silks Private Limited is a private limited company based in Tirupur, Tamil Nadu, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 03 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ2006PTC012699. Its GSTIN is 32AAJCS7849B1ZB (Kerala). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹25 Cr. It is led by directors including Kulandaivel Sivalingam (Managing Director) and Sivlingam Padhma.
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 74 New Market Street, Tirupur, Tamil Nadu, India – 641604.
As per the financials filed for FY 2024, the company reported a revenue of ₹370.45 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net loss of ₹1.52 Cr (net margin -0.4%) and EBITDA of ₹5.78 Cr (EBITDA margin 1.6%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 2% over five years.
The company has about 1,829 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: The Chennai Silks. As per MCA filings, the company has satisfied charges of ₹269.17 Cr on record. Court records list 104 cases involving the company, including 72 filed by the company and 32 filed against it; 30 cases are pending. The company has 7 deals on record (4 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹2.43 Cr; the latest was in March 2018. The company has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 1 micro and small supplier.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website thechennaisilks.com.
Company details
Contact details
SCM Silks Private Limited's registered office is in Tirupur, Tamil Nadu. Its website is thechennaisilks.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address74 New Market Street, Tirupur, Tamil Nadu, India – 641604
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of SCM Silks 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
Brands
SCM Silks operates one associated brand: The Chennai Silks. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online retailer of sarees | thechennaisilks.com |
Business activity
The main business activity of SCM Silks is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of SCM Silks Private Limited, buy the company report.
Financials of SCM Silks Private Limited
FY 2024 filings availableSCM Silks Private Limited reported revenue of ₹370.45 Cr (down 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 4% fall in the latest year. EBITDA fell 71% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹5.78 Cr | ||||
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| Net Profit (PAT) | -₹1.52 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 1.6% | ||||
| Net Profit Margin | -0.4% | ||||
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To see the full financial statements and ratios of SCM Silks Private Limited, buy the company report.
Board of directors of SCM Silks Private Limited
SCM Silks has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kulandaivel Sivalingam | Managing Director | 03 Apr 2006 | 20 Years 6 Months | Current |
| Sivlingam Padhma Also directs: SCM Green Power Private Limited, Green Today Farming Private Limited, Av7 Groups Private Limited and 5 more | Director | 30 Jan 2012 | 14 Years 8 Months | Current |
| Sivalingam Kaarthi Also directs: SCM Green Power Private Limited, Green Today Farming Private Limited, Av7 Groups Private Limited and 5 more | Director | 30 Jan 2012 | 14 Years 8 Months | Current |
Auditor
SCM Silks Private Limited is audited by M/s. C V D & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s. C V D & CO | FY 2023 | 017469S |
Shareholding
The shareholding of SCM Silks Private 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 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of SCM Silks Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Nov 2019 | 100303577 | Hdfc Bank Limited | ₹25 Cr | Satisfied | |
| 04 Sep 2015 | 10599623 | Others | ₹150 Cr | Satisfied | |
| 31 Dec 2013 | 10470647 | Others | ₹50 Cr | Satisfied | |
| 29 Apr 2013 | 10428049 | Indian Overseas Bank | ₹40 Cr | Satisfied | |
| 22 Mar 2007 | 10051124 | Oriental Bank of Commerce | ₹4.17 Cr | Satisfied |
To see the full charge records of SCM Silks Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
SCM Silks Private Limited has 7 deals on record (4 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹2.43 Cr; the latest was in March 2018.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jul 2015 | Rights issue | ₹3.4 Cr | Investors: an individual |
| Feb 2014 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: T C S Textiles Private Limited , 3 individuals |
| Oct 2011 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Mar 2008 | Funding round | ₹2.43 Cr | Investors: T C S Textiles Private Limited , 3 individuals |
To see the full deal history of SCM Silks Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
SCM Silks Private Limited has 104 court cases on record: 72 filed by SCM Silks, 32 filed against it. 30 cases are pending and 74 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 101 | 31 | 30 |
| Supreme Court | 2 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (5 of 104)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Arbitration matter | Filed against the company by Sugam Vanijya Holdings Private Limited | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against VR Dakshin Private Limited | Pending |
| Madras High Court | Court case (OSA(CAD)) | Filed by the company against Sugam Vanijya Holdings Private Limited | Pending |
| Madras High Court | Appeal | Filed against the company by VR Dakshin Private Limited | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by International Asset Reconstruction Co.Pvt.Ltd. | Pending |
To see the full case history of SCM Silks 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.
Credit ratings & regulatory alerts
SCM Silks Private Limited was last rated by Care on 04 May 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 04 May 2020 |
To see the full credit ratings and regulatory alerts of SCM Silks Private Limited, buy the company report.
MSME payment delays
SCM Silks Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Gva Corp Advisory Solutionz Private Limited |
To see the full MSME payment records of SCM Silks Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
SCM Silks Private Limited has a workforce of 1,829 employees on its EPFO records as of Mar 28, 2024, across 4 active EPFO establishments.
GST
SCM Silks has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAJCS7849B1ZB | Kerala | Active | 01 Jul 2017 |
| 33AAJCS7849B1Z9 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of SCM Silks Private Limited, buy the company report.
Recent activity
SCM Silks Private Limited has 13 board changes on record since 2006: 3 appointments and 10 cessations. The latest: Sivalingam Kaarthi ceased to be Additional Director on 07 Sep 2012.
17 earlier events are in the company report.
Frequently asked questions
SCM Silks is an active private limited company based in Tirupur, Tamil Nadu, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 03 April 2006 (20+ years old) and is registered under CIN U17111TZ2006PTC012699.
SCM Silks has 3 current directors:
- Kulandaivel Sivalingam - Managing Director
- Sivlingam Padhma - Director
- Sivalingam Kaarthi - Director
The latest financial statements of SCM Silks on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of SCM Silks is 32AAJCS7849B1ZB, registered in Kerala. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAJCS7849B1Z9 (Tamil Nadu).
The CIN (Corporate Identification Number) of SCM Silks is U17111TZ2006PTC012699. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
SCM Silks has 104 court cases on record: 72 filed by the company and 32 filed against it. 30 are pending. Most are in the high courts.
SCM Silks was incorporated on 03 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Coimbatore.
SCM Silks has 7 deals on record (4 secondary share transfers, 1 funding round, 1 rights issue), with disclosed funding of ₹2.43 Cr; the latest was in March 2018.
Sivalingam Kaarthi ceased to be Additional Director on 07 Sep 2012. Sivalingam Kaarthi was appointed as Director on 30 Jan 2012. Sivlingam Padhma was appointed as Director on 30 Jan 2012. SCM Silks has 13 board changes on record in total.
SCM Silks has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 30 Oct 2020.
SCM Silks can be reached through the website thechennaisilks.com. Its registered office is in Tirupur, Tamil Nadu, India.