Spincotech Systems LLP
About Spincotech Systems LLP
Data last updated:
Spincotech Systems LLP is a limited liability partnership (LLP) based in Chennai, Tamil Nadu, India. It operates in the biotechnology segment of the life sciences sector. It was incorporated on 30 March 2017 and has been in existence for over 9 years.
The LLP is registered with the Registrar of Companies (ROC), Chennai, under LLPIN AAJ-0067. Its GSTIN is 33ADIFS0121K2ZB (Tamil Nadu).
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners including Janani Thyagarajan and Thyagarajan Srinivasan.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Plot No 83 & 84 Developed Plot Industrial Estate Perungudi, Chennai, Tamil Nadu, India – 600096.
As per the financials filed for FY 2023, the LLP reported a revenue of ₹493.13 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹44.62 Cr (net margin 9%) and EBITDA of ₹56.71 Cr (EBITDA margin 11.5%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years.
The LLP has about 395 employees on its provident fund (EPFO) records.
As per MCA filings, the LLP has open charges of ₹80 Cr on record.
Company details
Contact details
Spincotech Systems LLP's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No 83 & 84 Developed Plot Industrial Estate Perungudi, Chennai, Tamil Nadu, India – 600096
- IndustryLife Sciences, Biotechnology
To see the full contact details of Spincotech Systems LLP, 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 Spincotech Systems LLP
FY 2025 filings availableSpincotech Systems LLP reported revenue of ₹493.13 Cr (up 35% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 46% over three years, including 35% growth in the latest year. EBITDA fell 11% 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
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | |||||
| Other Income | |||||
| Total Income | |||||
| Purchases and Direct Costs | |||||
| Personnel Expenses | |||||
| Administrative Expenses | |||||
| Interest | |||||
| Depreciation | |||||
| Total Expenses | |||||
| Profit Before Tax | |||||
| Tax | |||||
| Profit After Tax | ₹44.62 Cr | ||||
| Profit Transferred to Partners | |||||
| Assets and Liabilities | |||||
| Partners' Contribution | |||||
| Reserves and Surplus | |||||
| Secured Loans | |||||
| Unsecured Loans | |||||
| Trade Payables | |||||
| Other Liabilities and Provisions | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Loans and Advances | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Statement of Account and Solvency | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 9% | ||||
| Return on Partners' Funds | |||||
| Return on Assets | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Debt to Partners' Funds | |||||
| Interest Coverage | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Turnover Growth | |||||
| Profit Growth | |||||
To see the full financial statements and ratios of Spincotech Systems LLP, buy the company report.
Designated partners of Spincotech Systems LLP
Spincotech Systems has 4 current designated partners and 3 former designated partners. Current designated partners are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Janani Thyagarajan Also directs: Spinco Biotech Private Limited, Spincotech Private Limited | Designated Partner | 30 Aug 2023 | 3 Years 1 Months | Current |
| Thyagarajan Srinivasan | Designated Partner | 30 Mar 2017 | 9 Years 6 Months | Current |
| Ravindranath Cherukuri Also directs: First Source Laboratory Solutions LLP, Perfomics Analytical Labs LLP, Spinco Biotech Private Limited and 1 more | Designated Partner | 30 Mar 2017 | 9 Years 6 Months | Current |
| Arvind Thyagarajan | Designated Partner | 30 Mar 2017 | 9 Years 6 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Oct 2025 | 101177677 | Hdfc Bank Limited | ₹80 Cr | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Spincotech Systems LLP are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Spincotech Systems LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Spincotech Systems LLP has a workforce of 503 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Spincotech Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33ADIFS0121K2ZB | Tamil Nadu | Active | 16 Aug 2017 |
To see the full GST registrations and return filing status of Spincotech Systems LLP, buy the company report.
Recent activity
Spincotech Systems LLP has 7 designated partner changes on record since 2017: 4 appointments and 3 cessations. The latest: Chandrasekaran Srinivasan ceased to be Designated Partner on 30 Aug 2023.
Frequently asked questions
Spincotech Systems is an active limited liability partnership based in Chennai, Tamil Nadu, India. The LLP works in biotechnology, within the life sciences industry. It was incorporated on 30 March 2017 (9+ years old) and is registered under LLPIN AAJ-0067.
Spincotech Systems has 4 current designated partners:
- Janani Thyagarajan - Designated Partner
- Thyagarajan Srinivasan - Designated Partner
- Ravindranath Cherukuri - Designated Partner
- Arvind Thyagarajan - Designated Partner
The latest financial statements of Spincotech Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Spincotech Systems is 33ADIFS0121K2ZB, registered in Tamil Nadu.
The LLPIN (Limited Liability Partnership Identification Number) of Spincotech Systems is AAJ-0067. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Spincotech Systems was incorporated on 30 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
Chandrasekaran Srinivasan ceased to be Designated Partner on 30 Aug 2023. Janani Thyagarajan was appointed as Designated Partner on 30 Aug 2023. Latha Thyagarajan ceased to be Designated Partner on 05 Jun 2017. Spincotech Systems has 7 designated partner changes on record in total.
The registered office of Spincotech Systems is at Plot No 83 & 84 Developed Plot Industrial Estate Perungudi, Chennai, Tamil Nadu, India – 600096.
Spincotech Systems operates in the life sciences industry, in the biotechnology segment.
Spincotech Systems has open charges of ₹80 Cr and no satisfied charges on record as per latest MCA filings.