Sitalakshmi Mills Limited
About Sitalakshmi Mills Limited
Data last updated:
Sitalakshmi Mills Limited is a public limited company based in Madurai, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 17 March 1956 and has been in existence for over 70 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U17111TN1956PLC003364. Its GSTIN is 33AADCS9043F1ZH (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹15.5 Cr. It is led by directors including Rohit Kanodia (Managing Director) and Rahul Kanodia (Managing Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at D.No.19 – A Veeraragavaperumal Street Thirunagar, Madurai, Tamil Nadu, India – 625006.
As per the financials filed for FY 2023, the company reported a revenue of ₹20,000, a decline of 53% compared to the previous year. For the same year it recorded a net loss of ₹35.39 Lakh and EBITDA of -₹69 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 282% over three years and 76% over five years.
As per MCA filings, the company has open charges of ₹8.07 Cr and satisfied charges of ₹46.75 Cr on record. Court records list 114 cases involving the company, including 85 filed by the company and 29 filed against it; 3 cases are pending. The company has 1 deal on record (1 funding round), with disclosed funding of ₹14.4 Cr; the latest was in June 2008.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sitalakshmi Mills Limited's registered office is in Madurai, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressD.No.19 – A Veeraragavaperumal Street Thirunagar, Madurai, Tamil Nadu, India – 625006
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Sitalakshmi Mills 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
Financials of Sitalakshmi Mills Limited
FY 2024 filings availableSitalakshmi Mills Limited reported revenue of ₹20,000 (down 53% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 76% over five years, including a 53% fall 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹20,000 | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹69 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹35.39 Lakh | ||||
| 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| 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 Sitalakshmi Mills Limited, buy the company report.
Board of directors and KMP of Sitalakshmi Mills Limited
Sitalakshmi Mills Limited currently reports 4 directors and 1 key managerial person. 13 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rohit Kanodia | Managing Director | 23 Sep 2010 | 16 Years 1 Months | Current |
| Santosh Kumar Kanodia | Director | 27 Feb 2008 | 18 Years 8 Months | Current |
| Rahul Kanodia | Managing Director | 23 Sep 2010 | 16 Years 1 Months | Current |
| Govindkumargupta Also directs: Madras Spinners Limited | Director | 30 Nov 2021 | 4 Years 11 Months | Current |
| Ankit Kumar | Company Secretary | 01 Jun 2021 | 5 Years 5 Months | Current |
Auditor
Sitalakshmi Mills Limited is audited by VENKATESWARAN V for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VENKATESWARAN V | FY 2023 |
Shareholding
The shareholding of Sitalakshmi Mills 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 Sitalakshmi Mills Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Mar 1995 | 90296286 | The Industrial Credit & Investment Corporation India Ltd | ₹2 Cr | Open | |
| 22 Feb 1993 | 90296188 | Industrial Development Bank of India | ₹1.87 Cr | Open | |
| 15 Mar 1991 | 90296120 | The Industrial Credit & Investment Corporation of India Ltd | ₹36 Lakh | Open | |
| 26 Oct 1990 | 90296105 | Industrial Development Bank of India | ₹1 Cr | Open | |
| 03 Aug 1989 | 90296062 | The Industrial Credit & Investment Corporation of India Ltd | ₹60 Lakh | Open |
To see the full charge records of Sitalakshmi Mills Limited, buy the company report.
Total charge records: 62 View all charges
Deals & funding
Sitalakshmi Mills Limited has 1 deal on record (1 funding round), with disclosed funding of ₹14.4 Cr; the latest was in June 2008.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2008 | Funding round | ₹14.4 Cr | Investors: Vascon Engineers Limited , an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sitalakshmi Mills Limited has 114 court cases on record: 85 filed by Sitalakshmi Mills, 29 filed against it. 3 cases are pending and 111 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 102 | 23 | 2 |
| District courts | 6 | 1 | 1 |
| Supreme Court | 6 | 5 | 0 |
Cases on record (5 of 114)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Civil suit | Filed by the company against Sajjan Udyog Export Ltd., and 2 Others | Disposed |
| Bombay High Court | Court case (CHOL) | Filed against the company by Sajjan Udyog Export Ltd | Disposed |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed against the company by Shakthi Trading Company | Pending |
| Madras High Court | Civil miscellaneous application | Filed against the company by The Assistant Provident Fund Commissioner | Pending |
| High Court, TAMIL NADU | Court case (WPMP) | Filed by the company against Assistant Provident Fund | Pending |
To see the full case history of Sitalakshmi Mills 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 Sitalakshmi Mills Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sitalakshmi Mills has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Sitalakshmi Mills has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCS9043F1ZH | Tamil Nadu | Active | 01 Jul 2017 |
| 27AADCS9043F1ZA | Maharashtra | Active | 31 Jan 2024 |
To see the full GST registrations and return filing status of Sitalakshmi Mills Limited, buy the company report.
Recent activity
Sitalakshmi Mills Limited has 17 board changes on record since 2008: 5 appointments and 12 cessations. The latest: Govindkumargupta was appointed as Director on 30 Nov 2021.
131 earlier events are in the company report.
Frequently asked questions
Sitalakshmi Mills is an active public limited company based in Madurai, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 17 March 1956 (70+ years old) and is registered under CIN U17111TN1956PLC003364.
Sitalakshmi Mills has 5 current directors and KMP:
- Rohit Kanodia - Managing Director
- Rahul Kanodia - Managing Director
- Santosh Kumar Kanodia - Director
- Govindkumargupta - Director
- Ankit Kumar - Company Secretary
The latest financial statements of Sitalakshmi Mills on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sitalakshmi Mills is 33AADCS9043F1ZH, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AADCS9043F1ZA (Maharashtra).
The CIN (Corporate Identification Number) of Sitalakshmi Mills is U17111TN1956PLC003364. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sitalakshmi Mills has 114 court cases on record: 85 filed by the company and 29 filed against it. 3 are pending. Most are in the high courts.
Sitalakshmi Mills was incorporated on 17 March 1956, making it 70+ years old. It is registered with the Registrar of Companies, Chennai.
Sitalakshmi Mills has 1 deal on record (1 funding round), with disclosed funding of ₹14.4 Cr; the latest was in June 2008.
Govindkumargupta was appointed as Director on 30 Nov 2021. Navita Saraf ceased to be Director on 30 Nov 2021. Subramanian Senthilnathan ceased to be CFO on 31 Jul 2021. Sitalakshmi Mills has 17 board changes on record in total.
The registered office of Sitalakshmi Mills is at D.No.19 – A Veeraragavaperumal Street Thirunagar, Madurai, Tamil Nadu, India – 625006.
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