Sundaram Industries Private Limited

Sundaram Industries Private Limited - automotive in Madurai, Tamil Nadu, India. Directors, charges & compliance details.
CIN U65991TN1943PTC002656 Incorporated 19 May 1943 ROC Chennai HQ Madurai, Tamil Nadu, India
Merged Private Limited Company automotive
Data last updated
Revenue · FY 2021
₹480.88 Cr
▼ 7.39% YoY
Net profit · FY 2021
₹159.49 Cr
Net margin 33.2%
EBITDA · FY 2021
₹57.35 Cr
EBITDA margin 11.9%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹2.52 Cr
Issued & subscribed
Satisfied charges
₹65.31 Cr
No open charges
Company age
83 yrs
Est. 1943
Employees · EPFO
1,940
Provident fund records

About Sundaram Industries Private Limited

Data last updated:

Sundaram Industries Private Limited was a private limited company based in Madurai, Tamil Nadu, India, operated as a subsidiary of T.V. Sundram Iyengar & Sons Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the auto parts and components segment of the automotive sector. It was incorporated on 19 May 1943.

The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U65991TN1943PTC002656. Its GSTIN is 33AABCS5320H1ZR (Tamil Nadu). The company held 17 GST registrations, of which 14 are active.

The company had an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.52 Cr. It was formerly known as Sundaram Industries Limited. It was led by directors including Ramachandhran Naresh (Managing Director) and Pritha Ratnam (Managing Director).

Its last annual general meeting (AGM) was held on 24 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at T V S Building7 B West Veli Street Madurai, Tamil Nadu, India – 625001.

As per the financials filed for FY 2021, the company reported a revenue of ₹480.88 Cr. For the same year it recorded a net profit of ₹159.49 Cr (net margin 33.2%) and EBITDA of ₹57.35 Cr (EBITDA margin 11.9%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 4% over five years.

The company had about 1,940 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 4 subsidiaries and 1 joint venture.

The company was associated with 3 brands: Sun Tyre Wheel Systems, TVS Rubber and Sundaram Industries Pvt Ltd. As per MCA filings, the company had satisfied charges of ₹65.31 Cr on record. Court records list 408 cases involving the company, including 342 filed by the company and 67 filed against it; 39 cases are pending.

The last known website on record is silrubberresources.com.

Company details

CIN U65991TN1943PTC002656
Registration Number 002656
Incorporation Date 19 May 1943
ROC Chennai
Listing Status Unlisted
Company Status Amalgamated
Date of Last AGM 24 September 2021
Date of Balance Sheet 31 March 2021
Parent Company T.V. Sundram Iyengar & Sons Private Limited
Compliance Status Active Compliant

CIN history

Sundaram Industries has one previous CIN (Corporate Identification Number): U65991TN1943PLC002656. The current CIN is U65991TN1943PTC002656, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U65991TN1943PTC002656Current
U65991TN1943PLC002656Previous

Contact details

Sundaram Industries Private Limited's registered office is in Madurai, Tamil Nadu. Its website is silrubberresources.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Social Media
  • Registered Address
    T V S Building7 B West Veli Street Madurai, Tamil Nadu, India – 625001
  • Industry
    Automotive, Auto Parts & Components

To see the full contact details of Sundaram Industries Private Limited, buy the company report.

Comprehensive company report
Sundaram Industries 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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Brands

Sundaram Industries operates multiple associated brands including Sun Tyre Wheel Systems, TVS Rubber, and Sundaram Industries Pvt Ltd. Each brand links to its own profile.

BrandDescriptionWebsite
Produces tyres, wheels, and assemblies for industrial and construction applications worldwide.sun-tws.com
Manufactures and supplies rubber components to OEMs.tvsrubber.com
Manufacturing of rubber products, defence solutions, and battery chargers in India and globally.sundaramindustries.in

Business activity

The main business activity of Sundaram Industries is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Sundaram Industries Private Limited, buy the company report.

Financials of Sundaram Industries Private Limited

FY 2021 filings available

Sundaram Industries Private Limited reported revenue of ₹480.88 Cr for FY 2021.

Revenue · FY 2021
₹480.88 Cr
Net profit · FY 2021
₹159.49 Cr margin 33.2%
EBITDA · FY 2021
₹57.35 Cr margin 11.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
3 years · compounded
▲ 2%
5 years · compounded
▲ 4%
EBITDA CAGR growth
1 year
▼ 31%
3 years · compounded
▼ 16%
5 years · compounded
▼ 10%

Revenue has grown at a compounded annual rate (CAGR) of 4% over five years. EBITDA fell 31% 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

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹480.88 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹57.35 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹159.49 Cr
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
Cash and Bank Balance
Total Assets

Financial Ratios

MetricsFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profitability
EBITDA Margin11.9%
Net Profit Margin33.2%
Return on Equity (ROE)
Return on Capital Employed (ROCE)
Return on Assets (ROA)
Liquidity and Debt
Current Ratio
Quick Ratio
Debt-to-Equity Ratio
Interest Coverage Ratio
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 Sundaram Industries Private Limited, buy the company report.

Board of directors of Sundaram Industries Private Limited

Sundaram Industries has 10 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.

Directors (as last reported)
NameDesignationAppointment DateTenureStatus
Santhanam VijiDirector30 Nov 197847 Years 11 MonthsAs last reported
Gopal SrinivasanDirector31 Aug 197947 Years 2 MonthsAs last reported
Ramachandhran NareshManaging Director05 Dec 201510 Years 11 MonthsAs last reported
Shobhana RamachandhranDirector14 Dec 198837 Years 10 MonthsAs last reported
Ramachandhran HareshDirector05 Mar 199135 Years 8 MonthsAs last reported
Srinath Ratnam RajamDirector16 Mar 198343 Years 7 MonthsAs last reported
Showing 6 of 10 current directors. View all directors

Peer comparison

Sundaram Industries Private Limited is compared with the 3 companies closest to it by revenue in the Automobiles industry (Auto Ancillary), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
JSG Innotech Private Limited₹604.77 Cr (FY 2025)3.0%Delhi, India
Opmobility Exterior India Private Limited₹602.8 Cr (FY 2025)17.0%Pune, Maharashtra, India
Luminaz Safety Glass Private Limited₹588.44 Cr (FY 2025)-1.0%Aurangabad, Maharashtra, India
Sundaram Industries Private Limitedthis company₹480.88 Cr (FY 2021)₹159.49 Cr33.2%1,940Madurai, Tamil Nadu, India

To see the full peer comparison of Sundaram Industries Private Limited, buy the company report.

Auditor

Sundaram Industries Private Limited is audited by SUNDARAM & SRINIVASAN for the financial year 2021.

Auditor firmFinancial yearFirm registration number
SUNDARAM & SRINIVASANFY 2021004207S

Shareholding

The shareholding of Sundaram Industries Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2021FY 2020FY 2019FY 2018FY 2017
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Sundaram Industries Private Limited, buy the company report.

Charges & borrowings

Open charges
None
Satisfied charges
₹65.31 Cr
Breakdown by lending institutions
The Karur Vysya Bank Limited₹20.00 Cr
Canara Bank₹17.50 Cr
State Bank of India₹17.43 Cr
Hdfc Bank Limited₹4.00 Cr
The Federal Bank Limited₹2.65 Cr
Others₹3.73 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
19 Oct 201110315740The Karur Vysya Bank Limited₹1 CrSatisfied
02 Sep 201110307493The Karur Vysya Bank Limited₹4 CrSatisfied
10 Dec 201010257307The Karur Vysya Bank Limited₹8 CrSatisfied
30 Jun 201010229708The Karur Vysya Bank Limited₹7 CrSatisfied
28 Apr 201010222309Hdfc Bank Limited₹4 CrSatisfied

To see the full charge records of Sundaram Industries Private Limited, buy the company report.

Total charge records: 20 View all charges

Credit ratings & regulatory alerts

Sundaram Industries Private Limited was last rated by Icra on 04 Apr 2022.

Rating agencyRated onRating
Icra04 Apr 2022

To see the full credit ratings and regulatory alerts of Sundaram Industries Private Limited, buy the company report.

MSME payment delays

Sundaram Industries Private Limited has 3 MSME Form 1 returns on record between 2020 and 2021, listing 670 overdue payments to 80 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 80)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
an individual supplier
Insap Engineers Private Limited
Hindustan Hydraulics & Pneumatics

To see the full MSME payment records of Sundaram Industries Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Sundaram Industries has 4 subsidiary companies, 1 joint venture, and 4 associated companies. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.

4
Subsidiary companies
1
Joint ventures
4
Associated companies
Key subsidiaries
Company NameCINShares held
Uthiram Rubber Products Private LimitedU25190TN2013PTC090952
Pusam Rubber Products Private LimitedU25199TN2013PTC089848
Si Air Springs Private LimitedU29299TN2008PTC065920
TVS Sirius Controls Private LimitedU31909KA1989PTC009956

To see the full group structure of Sundaram Industries Private Limited, buy the company report.

Employees & EPFO

Sundaram Industries Private Limited has a workforce of 1,940 employees on its EPFO records as of Apr 03, 2024, across 2 active EPFO establishments.

Employee count
1,940
Active EPFO establishments
2
Employee growth
-0.51%

GST

Sundaram Industries has 17 GST registrations: 14 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
17
Active
14
Cancelled / inactive
3
GSTINStateStatusRegistered on
33AABCS5320H1ZRTamil NaduActive01 Jul 2017
33AABCS5320H2ZQTamil NaduActive01 Jul 2017
33AABCS5320H3ZPTamil NaduActive01 Jul 2017
33AABCS5320H5ZNTamil NaduActive29 Sep 2017

To see the full GST registrations and return filing status of Sundaram Industries Private Limited, buy the company report.

Recent activity

Sundaram Industries Private Limited has 12 board changes on record since 1972: 10 appointments and 2 cessations. The latest: Krishna Ramesh ceased to be Director on 13 Jul 2019.

AGM
Sundaram Industries Private Limited last Annual general meeting of members was held on 24 Sep 2021 as per latest MCA records.
Charges
A charge registered on 24 Mar 2001 via Charge ID 90297887 with Ford India Ltd. was fully satisfied on 19 Aug 2021.
Filing
Sundaram Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2021 with Roc Chennai.
Ceased
Krishna Ramesh ceased to be Director.
Appointed
Ramachandhran Naresh was appointed as Managing Director.
Charges
A charge registered on 10 Dec 2010 via Charge ID 10257307 with The Karur Vysya Bank Limited was fully satisfied on 10 Jun 2015.
Charges
A charge registered on 19 Oct 2011 via Charge ID 10315740 with The Karur Vysya Bank Limited was fully satisfied on 11 Nov 2014.
Charges
A charge registered on 02 Sep 2011 via Charge ID 10307493 with The Karur Vysya Bank Limited was fully satisfied on 11 Nov 2014.
Charges
A charge registered on 28 Apr 2010 via Charge ID 10222309 with Hdfc Bank Limited was fully satisfied on 03 Nov 2014.
Charges
A charge registered on 30 Jun 2010 via Charge ID 10229708 with The Karur Vysya Bank Limited was fully satisfied on 03 Mar 2014.
Charges
A charge registered on 22 Feb 2001 via Charge ID 90297884 with Small Industries Development Bank Of India was fully satisfied on 11 Nov 2013.
Charges
A charge registered on 29 Apr 1998 via Charge ID 90297755 with Small Industries Development Bank Of India was fully satisfied on 11 Nov 2013.

52 earlier events are in the company report.

Frequently asked questions

Sundaram Industries has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.

Sundaram Industries was a private limited company based in Madurai, Tamil Nadu, India. The company worked in auto parts and components, within the automotive industry. It was incorporated on 19 May 1943 and is registered under CIN U65991TN1943PTC002656. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.

Sundaram Industries was incorporated on 19 May 1943. It is registered with the Registrar of Companies, Chennai.

Sundaram Industries had 10 directors:

The CIN (Corporate Identification Number) of Sundaram Industries is U65991TN1943PTC002656. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

The registered office of Sundaram Industries is at T V S Building7 B West Veli Street Madurai, Tamil Nadu, India – 625001.

Sundaram Industries can be reached through the website silrubberresources.com. Its registered office is in Madurai, Tamil Nadu, India.

The latest financial statements of Sundaram Industries on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 24 September 2021. Year-wise statements from 2015 are in the company report.

The GSTIN of Sundaram Industries is 33AABCS5320H1ZR, registered in Tamil Nadu. The company has 17 GST registrations in all, of which 14 are active and 3 are cancelled or inactive. Other active GSTINs include 33AABCS5320H2ZQ (Tamil Nadu), 33AABCS5320H3ZP (Tamil Nadu), 33AABCS5320H5ZN (Tamil Nadu).

Sundaram Industries operated in the automotive industry, in the auto parts and components segment.

The peers of Sundaram Industries by revenue are JSG Innotech Private Limited, Opmobility Exterior India Private Limited, Luminaz Safety Glass Private Limited, all in the Automobiles industry (Auto Ancillary), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).

Sundaram Industries has 3 MSME Form 1 returns on record between 2020 and 2021, listing 670 overdue payments to 80 micro and small suppliers. The latest return was filed on 29 Oct 2021.