Siivaganapathi Spinners Private Limited
About Siivaganapathi Spinners Private Limited
Data last updated:
Siivaganapathi Spinners Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 19 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ2004PTC010932. Its GSTIN is 33AAHCS9316F1ZD (Tamil Nadu).
The company has an authorised share capital of ₹2.75 Cr and a paid-up capital of ₹2.75 Cr. It is led by directors including Saminathan Nalini and Sampoornam.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Rsf No 465 Annumanthapuram Road Vellamadai (N H 67 Olappalayam Post Kangayam Via, Erode, Tamil Nadu, India – 638701.
As per the financials filed for FY 2022, the company reported a revenue of ₹34.14 Cr, a growth of 86% compared to the previous year. For the same year it recorded a net profit of ₹18.75 Lakh (net margin 0.5%) and EBITDA of ₹2.31 Cr (EBITDA margin 6.8%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹22.16 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Siivaganapathi Spinners Private Limited's registered office is in Erode, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressRsf No 465 Annumanthapuram Road Vellamadai (N H 67 Olappalayam Post Kangayam Via, Erode, Tamil Nadu, India – 638701
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Siivaganapathi Spinners 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
Business activity
The main business activity of Siivaganapathi 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 Siivaganapathi Spinners Private Limited, buy the company report.
Financials of Siivaganapathi Spinners Private Limited
FY 2022 filings availableSiivaganapathi Spinners Private Limited reported revenue of ₹34.14 Cr (up 86% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue rose 86% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 17% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | ₹2.31 Cr | ||||
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| Net Profit (PAT) | ₹18.75 Lakh | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Profitability | |||||
| EBITDA Margin | 6.8% | ||||
| Net Profit Margin | 0.5% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Siivaganapathi Spinners Private Limited, buy the company report.
Board of directors of Siivaganapathi Spinners Private Limited
Siivaganapathi Spinners has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saminathan Nalini | Director | 19 Jan 2004 | 22 Years 9 Months | Current |
| Sampoornam | Director | 19 Jan 2004 | 22 Years 9 Months | Current |
| Thangavel Sivakami | Director | 19 Jan 2004 | 22 Years 9 Months | Current |
| Samiappangounder Palanisamy Also directs: Sivasakthi Sunenergy Private Limited | Director | 19 Jan 2004 | 22 Years 9 Months | Current |
Peer comparison
Siivaganapathi Spinners Private Limited is compared with the 8 companies closest to it by revenue in the Manufacturing industry (Textiles), 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 |
|---|---|---|---|---|---|---|
| Chintpurni Textiles Private Limited | ₹34.18 Cr (FY 2016) | 8.0% | New Delhi, Delhi, India | |||
| Prime Overseas Garments Private Limited | ₹34.16 Cr (FY 2024) | 29.0% | Mumbai, Maharashtra, India | |||
| S R Ramsons Private Limited | ₹34.15 Cr (FY 2025) | 5.0% | Surat, Gujarat, India | |||
| Siivaganapathi Spinners Private Limitedthis company | ₹34.14 Cr (FY 2022) | ₹18.75 Lakh | 0.5% | 86.0% | Erode, Tamil Nadu, India | |
| Shree Fab Filament Private Limited | ₹34.13 Cr (FY 2024) | 31.0% | Rajasthan, India | |||
| Anabir Designs Private Limited | ₹34.12 Cr (FY 2024) | -5.0% | Mumbai, Maharashtra, India | |||
| Amar Jyoti Fashions Private Limited | ₹34.12 Cr (FY 2024) | 17.0% | Surat, Gujarat, India | |||
| Shree Mahadeo Cotton Mills Ltd | ₹34.11 Cr (FY 2025) | -14.0% | Pusa Niwas, Bhilwara, Rajasthan, India | |||
| Opel Sulz Private Limited | ₹34.1 Cr (FY 2025) | -7.0% | Bhilwara, Rajasthan, India |
To see the full peer comparison of Siivaganapathi Spinners Private Limited, buy the company report.
Shareholding
The shareholding of Siivaganapathi Spinners Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Siivaganapathi Spinners Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Jul 2004 | 90004380 | Indian Overseas Bank | ₹22.16 Cr | Open |
To see the full charge records of Siivaganapathi Spinners Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Siivaganapathi Spinners Private Limited has 5 court cases on record: 3 filed by Siivaganapathi Spinners, 2 filed against it. 2 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 1 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Court case (CRL MP) | Filed by the company against an individual | Pending |
| District court, Tiruppur, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Court case (CRL MP) | Filed by the company against an individual | Disposed |
| High Court, TAMIL NADU | Court case (CRL OP) | Filed by the company against an individual | Disposed |
| District court, Tiruppur, Tamil Nadu | Criminal complaint | Filed against the company by an individual | Disposed |
To see the full case history of Siivaganapathi Spinners 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Siivaganapathi Spinners Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Siivaganapathi Spinners has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAHCS9316F1ZD | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Siivaganapathi Spinners Private Limited, buy the company report.
Recent activity
Siivaganapathi Spinners Private Limited has 5 board changes on record since 2004: 4 appointments and 1 cessation. The latest: Ramasamy Gounder Palanisamy ceased to be Director on 31 Mar 2008.
Frequently asked questions
Siivaganapathi Spinners is an active private limited company based in Erode, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 19 January 2004 (22+ years old) and is registered under CIN U17111TZ2004PTC010932.
Siivaganapathi Spinners has 4 current directors:
- Saminathan Nalini - Director
- Sampoornam - Director
- Thangavel Sivakami - Director
- Samiappangounder Palanisamy - Director
The latest financial statements of Siivaganapathi Spinners on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Siivaganapathi Spinners is 33AAHCS9316F1ZD, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Siivaganapathi Spinners is U17111TZ2004PTC010932. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Siivaganapathi Spinners has 5 court cases on record: 3 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
Siivaganapathi Spinners was incorporated on 19 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Siivaganapathi Spinners by revenue are Chintpurni Textiles Private Limited, Prime Overseas Garments Private Limited, S R Ramsons Private Limited, Shree Fab Filament Private Limited, Anabir Designs Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Ramasamy Gounder Palanisamy ceased to be Director on 31 Mar 2008. Samiappangounder Palanisamy was appointed as Director on 19 Jan 2004. Saminathan Nalini was appointed as Director on 19 Jan 2004. Siivaganapathi Spinners has 5 board changes on record in total.
The registered office of Siivaganapathi Spinners is at Rsf No 465 Annumanthapuram Road Vellamadai N H 67 Olappalayam Post Kangayam Via, Erode, Tamil Nadu, India – 638701.
Siivaganapathi Spinners operates in the manufacturing industry, in the textile and fabric production segment.