MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-32-0001523
Silver Spring Spinners India Private Limited - manufacturing in Srivilliputhur, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹28.77 Cr
▼ 18% YoY
Net loss · FY 2025
₹12.25 Lakh
Net margin -0.4%
EBITDA · FY 2025
₹3.26 Cr
EBITDA margin 11.3%
Authorised capital
₹6.58 Cr
Registered with MCA
Paid-up capital
₹6.58 Cr
Issued & subscribed
Open charges
₹31 Cr
Satisfied ₹70.41 Cr
Company age
32 yrs
Est. 1994
Employees · EPFO
91
Provident fund records
About Silver Spring Spinners India Private Limited
Data last updated:
Silver Spring Spinners India Private Limited is a private limited company based in Srivilliputhur, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 10 March 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U17293TN1994PTC027004. Its GSTIN is 33AADCS2344F1ZR (Tamil Nadu).
The company has an authorised share capital of ₹6.58 Cr and a paid-up capital of ₹6.58 Cr. It is led by directors including Rajendran Sridhar and Ramasamy Rajendran.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 136& 137 Mulikulam Village, Srivilliputhur, Tamil Nadu, India – 626141.
As per the financials filed for FY 2025, the company reported a revenue of ₹28.77 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net loss of ₹12.25 Lakh (net margin -0.4%) and EBITDA of ₹3.26 Cr (EBITDA margin 11.3%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years and 8% over five years.
The company has about 91 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹31 Cr and satisfied charges of ₹70.41 Cr on record. Court records list 26 cases involving the company, including 18 filed by the company and 8 filed against it; 1 case is pending.
Silver Spring Spinners India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-32-0001523). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website silverspring.org.in.
Company details
CIN U17293TN1994PTC027004
Registration Number 027004
Incorporation Date 10 March 1994
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-32-0001523
Recognitions & Rankings of Silver Spring Spinners India
Contact details
Silver Spring Spinners India Private Limited's registered office is in Srivilliputhur, Tamil Nadu. Its website is silverspring.org.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address136& 137 Mulikulam Village, Srivilliputhur, Tamil Nadu, India – 626141
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Silver Spring Spinners India Private Limited, buy the company report.
Comprehensive company report
Silver Spring Spinners India Private 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 Silver Spring Spinners India 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 Silver Spring Spinners India Private Limited, buy the company report.
Financials of Silver Spring Spinners India Private Limited
FY 2025 filings availableSilver Spring Spinners India Private Limited reported revenue of ₹28.77 Cr (down 18% YoY) for FY 2025.
Revenue · FY 2025
₹28.77 Cr ▼ 18%
Net loss · FY 2025
₹12.25 Lakh margin -0.4%
EBITDA · FY 2025
₹3.26 Cr margin 11.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 18%
3 years · compounded
▼ 22%
5 years · compounded
▼ 8%
EBITDA CAGR growth
1 year
▲ 30%
5 years · compounded
▲ 5%
Revenue has declined at a compounded annual rate (CAGR) of 8% over five years, including a 18% fall in the latest year. EBITDA rose 30% 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 |
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| Total Expenses | |||||
| EBITDA | ₹3.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹12.25 Lakh | ||||
| Balance Sheet | |||||
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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 | 11.3% | ||||
| Net Profit Margin | -0.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Silver Spring Spinners India Private Limited, buy the company report.
Board of directors of Silver Spring Spinners India Private Limited
Silver Spring Spinners India has 3 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 |
|---|---|---|---|---|
| Rajendran Sridhar Also directs: Amrit Spices Private Limited | Director | 03 Oct 2002 | 24 Years 0 Months | Current |
| Ramasamy Rajendran | Director | 01 Apr 2007 | 19 Years 6 Months | Current |
| Sridhar Menaka Also directs: Amrit Spices Private Limited | Director | 09 Dec 2014 | 11 Years 10 Months | Current |
Peer comparison
Silver Spring Spinners India Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Sinecera Textiles Private Limited | ₹28.81 Cr (FY 2025) | -18.0% | Chennai, Tamil Nadu, India | |||
| Sri Akilaa Spinning Mills Private Limited | ₹28.81 Cr (FY 2025) | -19.0% | Salem, Tamil Nadu, India | |||
| Aayu Creation Private Limited | ₹28.81 Cr (FY 2025) | 26.0% | Delhi, India | |||
| Silver Spring Spinners India Private Limitedthis company | ₹28.77 Cr (FY 2025) | -₹12.25 Lakh | -0.4% | -18.0% | 91 | Srivilliputhur, Tamil Nadu, India |
To see the full peer comparison of Silver Spring Spinners India Private Limited, buy the company report.
Auditor
Silver Spring Spinners India Private Limited is audited by Shenbagamoorthy & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shenbagamoorthy & Co | FY 2023 | 009865S |
Shareholding
The shareholding of Silver Spring Spinners India 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Silver Spring Spinners India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹31 Cr
Satisfied charges
₹70.41 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 May 2024 | 100943779 | Axis Bank Limited | ₹75 Lakh | Open | |
| 27 Aug 2021 | 100481734 | Axis Bank Limited | ₹27.36 Cr | Open | |
| 19 May 2020 | 100339364 | Others | ₹18.5 Lakh | Open | |
| 30 May 2014 | 10505643 | Tamilnadu Industrial Investment Corporation Limited | ₹1.2 Cr | Open | |
| 02 Jan 2014 | 10468586 | Tamilnadu Industrial Investment Corporation Limited | ₹1.5 Cr | Open |
To see the full charge records of Silver Spring Spinners India Private Limited, buy the company report.
Total charge records: 17 View all charges
Legal cases
Silver Spring Spinners India Private Limited has 26 court cases on record: 18 filed by Silver Spring Spinners India, 8 filed against it. 1 case is pending and 25 are disposed.
Total cases
26
Filed by the company
18
Filed against the company
8
Pending
1
Disposed
25
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 22 | 6 | 1 |
| District courts | 2 | 0 | 0 |
| Supreme Court | 2 | 2 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed against the company by 2 Kurian Abraham P Ltd Repd. by Its Director Praveen Mathew Weg No.117, 13/1-423, M.S. Road, Parvathipuram, , District: Nagercoil , , Tamil Nadu and 27 others | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by individuals | Pending |
| High Court, TAMIL NADU | Court case (WMP(MD)) | Filed by the company against The Union of India and 5 others | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against The Union of India and 5 others | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by individuals | Disposed |
To see the full case history of Silver Spring Spinners India 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
Silver Spring Spinners India Private Limited was last rated by Crisil on 18 May 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 18 May 2020 |
To see the full credit ratings and regulatory alerts of Silver Spring Spinners India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Silver Spring Spinners India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Silver Spring Spinners India Private Limited has a workforce of 91 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
Employee count
91
Active EPFO establishments
1
Employee growth
-8.08%
GST
Silver Spring Spinners India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCS2344F1ZR | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Silver Spring Spinners India Private Limited, buy the company report.
Recent activity
Silver Spring Spinners India Private Limited has 13 board changes on record since 1994: 8 appointments and 5 cessations. The latest: Sridhar Menaka was appointed as Director on 09 Dec 2014.
AGM
Silver Spring Spinners India Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Silver Spring Spinners India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge registered on 03 Jun 2020 via Charge ID 100352036 with Tamilnad Mercantile Bank Limited was fully satisfied on 05 Dec 2024.
Charges
A charge registered on 13 Apr 2020 via Charge ID 100342959 with Tamilnad Mercantile Bank Limited was fully satisfied on 05 Dec 2024.
Charges
A charge registered on 20 Jan 2017 via Charge ID 100078048 with Tamilnad Mercantile Bank Limited was fully satisfied on 05 Dec 2024.
Charges
A charge registered on 04 May 2016 via Charge ID 100030094 with Tamilnad Mercantile Bank Limited was fully satisfied on 05 Dec 2024.
Charges
A charge registered on 29 Oct 2014 via Charge ID 10532764 with Tamilnad Mercantile Bank Limited was fully satisfied on 05 Dec 2024.
Charges
A charge registered on 13 Aug 2014 via Charge ID 10519081 with Tamilnad Mercantile Bank Limited was fully satisfied on 05 Dec 2024.
Charges
A charge with Axis Bank Limited of Rs. 27.36 Cr registered on 27 Aug 2021 with Charge ID 100481734 was modified on 22 May 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.75 Cr with Charge ID 100943779 was registered on 14 May 2024.
Charges
A charge with Axis Bank Limited amounted to Rs. 27.36 Cr with Charge ID 100481734 was registered on 27 Aug 2021.
Charges
A charge with Tamilnad Mercantile Bank Limited amounted to Rs. 2.75 Cr with Charge ID 100352036 was registered on 03 Jun 2020.
40 earlier events are in the company report.
Frequently asked questions
Silver Spring Spinners India is an active private limited company based in Srivilliputhur, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 10 March 1994 (32+ years old) and is registered under CIN U17293TN1994PTC027004.
Silver Spring Spinners India has 3 current directors:
- Rajendran Sridhar - Director
- Ramasamy Rajendran - Director
- Sridhar Menaka - Director
The latest financial statements of Silver Spring Spinners India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Silver Spring Spinners India is 33AADCS2344F1ZR, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Silver Spring Spinners India is U17293TN1994PTC027004. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Silver Spring Spinners India has 26 court cases on record: 18 filed by the company and 8 filed against it. 1 is pending. Most are in the high courts.
Silver Spring Spinners India was incorporated on 10 March 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Silver Spring Spinners India by revenue are Sinecera Textiles Private Limited, Sri Akilaa Spinning Mills Private Limited, Aayu Creation Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Sridhar Menaka was appointed as Director on 09 Dec 2014. Chockalingam Jagadish Kumar ceased to be Director on 15 Jun 2013. Chockalingam Rajesh Sivamurugan ceased to be Director on 15 Jun 2013. Silver Spring Spinners India has 13 board changes on record in total.
Yes, Silver Spring Spinners India is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-32-0001523).
Silver Spring Spinners India can be reached through the website silverspring.org.in. Its registered office is in Srivilliputhur, Tamil Nadu, India.