Sree Prashant Spinners Limited - Company Profile

It is a manufacturing public limited company based in Chennai-600 018, Tamil Nadu, India, established in 1983.
1983 Chennai-600 018, Tamil Nadu, India Active
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About Sree Prashant Spinners Limited

Sree Prashant Spinners Limited, a active public limited company, was established on 16 September 1983 in Chennai-600 018, Tamil Nadu, India. Engaging in textile & fabric production within the manufacturing sector, it holds CIN: U17111TN1983PLC010320. Registered under ROC Roc Chennai. it is unlisted. It has an authorized capital of ₹2.00 Cr and a paid-up capital of ₹1.80 Cr.

It upholds a active non-compliant status. Employing 20 professional, Its leadership includes Prabhakar Palayam Rangaiah Chetty (Managing Director), Vachani Palaniyandi Ravi (Whole-Time Director), Prabhakar Jayashree (Director). Past directors included Palayam Rangaiah Chetty Srinivas, Sanath Kumar Palayam Rangaiah Chetty, Palayam Prashant Prabhakar. It holds ₹2.69 Cr open charges and ₹9.22 Cr settled loans. Its latest AGM occurred on 30 September 2016, with the balance sheet filed on 31 March 2016. It is based at Flat No.6, Second Floor,88, 4Th Main Road, Abhiramapuram,, Chennai-600 018, Tamil Nadu, 600018.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U17111TN1983PLC010320

  • Registration Number

    010320

  • Incorporation Date

    16 September 1983

  • Authorized Capital

    ₹2.00 Cr

  • Paid-Up Capital

    ₹1.80 Cr

  • ROC Code

    Roc Chennai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 2.00 Cr
  • Paid Up Capital ₹ 1.80 Cr
  • Company Age 42 Year, 5 Months
  • Last Filing with ROC 31 Mar 2016
  • Open Charges ₹ 2.69 Cr
  • Satisfied Charges ₹ 9.22 Cr
  • Revenue Growth **** -69.36%
  • Profit Growth **** 52.89%
  • Ebitda **** 31.03%
  • Net Worth -69.85%
  • Total Assets -48.96%
Company report

Sree Prashant Spinners Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Sree Prashant Spinners Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Sree Prashant Spinners Limited?
Current Directors
Name Designation Appointment Date Status
Prabhakar Palayam Rangaiah Chetty Managing Director 16 Sep 1983 Current
Vachani Palaniyandi Ravi Whole-Time Director 29 Sep 2012 Current
Prabhakar Jayashree Director 25 Apr 1991 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 31 Mar 2011 Past
Pramod Abcsdd Director 31 Mar 2011 Past
Pramod Abcsdd Director 06 Aug 2013 Past

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Financial Performance of Sree Prashant Spinners.

Sree Prashant Spinners Limited, for the financial year ended 2016, experienced significant reduction in revenue, with a 69.36% decrease. The company also saw a substantial improvement in profitability, with a 52.89% increase in profit. The company's net worth observed a substantial decline by a decrease of 69.85%.

Sree Prashant Spinners revenue growth over time
Sree Prashant Spinners profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -69.36%
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Revenue from Operations
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 -69.57%
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Total Assets
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 -48.96%
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Profit or Loss
*******
 52.89%
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*******
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Net Worth
*******
 -69.85%
*******
*******
*******
*******
EBITDA
*******
 31.03%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Sree Prashant Spinners?

In 2016, Sree Prashant Spinners had a promoter holding of 99.89% and a public holding of 0.11%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹26,867,502.00

Satisfied Charges

₹92,200,000.00

Charges Breakdown by Lending Institutions
  • Icici Limited : 2.00 Cr
  • Nagarjuna Finance Ltd. : 0.69 Cr
Latest Charge Details
Date Lender Amount Status
23 Mar 1994 Icici Limited ₹2.00 Cr Open
26 Nov 1992 Nagarjuna Finance Ltd. ₹4.62 M Open
25 Jul 1991 Nagarjuna Finance Ltd. ₹0.30 M Open
15 Mar 1991 Nagarjuna Finance Ltd. ₹1.95 M Open
02 May 1998 Indian Overseas Bank ₹1.50 Cr Satisfied

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How Many Employees Work at Sree Prashant Spinners?

Sree Prashant Spinners has a workforce of 20 employees as of Mar 29, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Sree Prashant Spinners, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Sree Prashant Spinners's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Sree Prashant Spinners
Recent Activity within the Organization
  • Charges

    The activity A charge registered on 02 May 1998 via Charge ID 90303703 with Indian Overseas Bank was fully satisfied on 13 Dec 2018. was completed.

  • Charges

    Progress on A charge registered on 22 Apr 1995 via Charge ID 90287358 with Indian Overseas Bank was fully satisfied on 13 Dec 2018. was documented.

  • Annual General Meeting

    Progress on Sree Prashant Spinners Limited last Annual general meeting of members was held on 30 Sep 2016 as per latest MCA records. was documented.

  • Balance Sheet

    Progress on Sree Prashant Spinners Limited has filed its annual Financial statements for the year ended 31 Mar 2016 with Roc Chennai. was documented.

  • Charges

    Progress on A charge with Indian Overseas Bank of Rs. 7.72 Cr registered on 22 Apr 1995 with Charge ID 90287358 was modified on 18 Sep 2013. was documented.

  • Director Appointment

    The activity Vachani Palaniyandi Ravi was appointed as a Whole-time director was appointed as a Whole-time director on 29 Sep 2012 & has been associated with this company since 13 years 5 months . was completed.

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Frequently Asked Questions
What is the CIN of Sree Prashant Spinners Limited?

The CIN of Sree Prashant Spinners Limited is U17111TN1983PLC010320.

Where is Sree Prashant Spinners Limited headquartered?

Sree Prashant Spinners Limited is headquartered at Flat No.6, Second Floor,88, 4Th Main Road, Abhiramapuram,, Chennai-600 018, Tamil Nadu, 600018.

When was Sree Prashant Spinners Limited incorporated?

Sree Prashant Spinners Limited was incorporated on 16 September 1983.

Who are the current directors of Sree Prashant Spinners Limited?

The current directors of Sree Prashant Spinners Limited are

What is the primary industry of Sree Prashant Spinners Limited?

The primary industry of Sree Prashant Spinners Limited is Manufacturing.

Is Sree Prashant Spinners Limited a listed company?

Sree Prashant Spinners Limited is unlisted.

What is the capital structure of Sree Prashant Spinners Limited?

The authorized capital of Sree Prashant Spinners Limited is ₹2.00 Cr, and the paid-up capital is ₹1.80 Cr.

What is the compliance status of Sree Prashant Spinners Limited?

The compliance status of Sree Prashant Spinners Limited is Active Non-Compliant.

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