MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-TN-10-0001883
Synthesis Home Textiles Private Limited - consumer goods in Karur, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹131.15 Cr
▼ 43% YoY
Net profit · FY 2023
₹1.06 Cr
Net margin 0.8%
EBITDA · FY 2023
₹1.66 Cr
EBITDA margin 1.3%
Authorised capital
₹16.5 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹42 Cr
Satisfied ₹31.62 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
187
Provident fund records
About Synthesis Home Textiles Private Limited
Data last updated:
Synthesis Home Textiles Private Limited is a private limited company based in Karur, Tamil Nadu, India. It operates in the home furnishings manufacturing segment of the consumer goods sector. It was incorporated on 07 December 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U17111TN2005PTC058245. Its GSTIN is 33AAJCS4791C1ZC (Tamil Nadu).
The company has an authorised share capital of ₹16.5 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Shanmugasundaram Madhu (Managing Director) and Palanisamy Sudhakar (Managing Director).
Its last annual general meeting (AGM) was held on 20 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No 69 – 74 SIDCO Industrialestate Salem Bye Pass Road Athur Vennamalai Post, Karur, Tamil Nadu, India – 639006.
As per the financials filed for FY 2023, the company reported a revenue of ₹131.15 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net profit of ₹1.06 Cr (net margin 0.8%) and EBITDA of ₹1.66 Cr (EBITDA margin 1.3%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 2% over five years.
The company has about 187 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Synthesis Home Textiles. As per MCA filings, the company has open charges of ₹42 Cr and satisfied charges of ₹31.62 Cr on record. Court records list 2 cases involving the company, including 2 filed against it. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2016. Its 7 peer companies in the Consumer Products industry (Home Furnishings Manufacturers, Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 4 smaller; the largest is Shreedhar Spinners Limited with revenue of ₹134.43 Cr.
Synthesis Home Textiles Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-TN-10-0001883). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website synthesis.co.in.
Company details
CIN U17111TN2005PTC058245
Registration Number 058245
Incorporation Date 07 December 2005
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 20 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-TN-10-0001883
Key People
Shanmugasundaram Madhu Managing Director Palanisamy Sudhakar Managing Director Sandya Sudhakar Whole-Time Director Recognitions & Rankings of Synthesis Home Textiles
Contact details
Synthesis Home Textiles Private Limited's registered office is in Karur, Tamil Nadu. Its website is synthesis.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No 69 – 74 SIDCO Industrialestate Salem Bye Pass Road Athur Vennamalai Post, Karur, Tamil Nadu, India – 639006
- IndustryConsumer Goods, Home Furnishings Manufacturing
To see the full contact details of Synthesis Home Textiles Private Limited, buy the company report.
Comprehensive company report
Synthesis Home Textiles 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
Synthesis Home Textiles operates one associated brand: Synthesis Home Textiles. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies home textiles including bedding and curtains worldwide. | synthesis.co.in |
Business activity
The main business activities of Synthesis Home Textiles are manufacturing and support service to organizations. In detail, this covers textile, leather and other apparel products and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Synthesis Home Textiles Private Limited, buy the company report.
Financials of Synthesis Home Textiles Private Limited
FY 2024 filings availableSynthesis Home Textiles Private Limited reported revenue of ₹131.15 Cr (down 43% YoY) for FY 2023.
Revenue · FY 2023
₹131.15 Cr ▼ 43%
Net profit · FY 2023
₹1.06 Cr margin 0.8%
EBITDA · FY 2023
₹1.66 Cr margin 1.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 43%
3 years · compounded
▼ 2%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▼ 81%
3 years · compounded
▼ 20%
5 years · compounded
▼ 24%
Revenue fell 43% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 81% 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 | ₹131.15 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.66 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.06 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.3% | ||||
| Net Profit Margin | 0.8% | ||||
| 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 Synthesis Home Textiles Private Limited, buy the company report.
Board of directors of Synthesis Home Textiles Private Limited
Synthesis Home Textiles has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shanmugasundaram Madhu Also directs: Antlia Exports LLP | Managing Director | 07 Dec 2005 | 20 Years 10 Months | Current |
| Palanisamy Sudhakar Also directs: Antlia Exports LLP, Kay Ventures Private Limited, Apparel Made-Ups and Home Furnishing Sector Skill Council and 1 more | Managing Director | 07 Dec 2005 | 20 Years 10 Months | Current |
| Sandya Sudhakar | Whole-Time Director | 07 Dec 2005 | 20 Years 10 Months | Current |
Peer comparison
Synthesis Home Textiles Private Limited is compared with the 7 companies closest to it by revenue in the Consumer Products industry (Home Furnishings Manufacturers, 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 |
|---|---|---|---|---|---|---|
| Shreedhar Spinners Limited | ₹134.43 Cr (FY 2025) | 6.0% | Mumbai, Maharashtra, India | |||
| Concept Clothing Private Limited | ₹134.21 Cr (FY 2025) | 15.0% | Delhi, India | |||
| Deeksha Woolen Mills Private Limited | ₹134.11 Cr (FY 2025) | 6.0% | Ludhiana, Punjab, India | |||
| B.L.International Private Limited | ₹133.8 Cr (FY 2025) | 19.0% | New Delhi, Delhi, India | |||
| Vianna Tex Private Limited | ₹133.76 Cr (FY 2025) | 17.0% | Surat, Gujarat, India | |||
| Wilhelm Textiles India Private Limited | ₹133.62 Cr (FY 2025) | 13.0% | New Delhi, Delhi, India | |||
| Surya Carpet Private Limited | ₹133.45 Cr (FY 2025) | 9.0% | Uttar Pradesh, India | |||
| Synthesis Home Textiles Private Limitedthis company | ₹131.15 Cr (FY 2023) | ₹1.06 Cr | 0.8% | -43.0% | 187 | Karur, Tamil Nadu, India |
To see the full peer comparison of Synthesis Home Textiles Private Limited, buy the company report.
Auditor
Synthesis Home Textiles Private Limited is audited by Padmanabhan Ramani & Ramanujam for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Padmanabhan Ramani & Ramanujam | FY 2023 | 002510S |
Shareholding
The shareholding of Synthesis Home Textiles 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 Synthesis Home Textiles Private Limited, buy the company report.
Charges & borrowings
Open charges
₹42 Cr
Satisfied charges
₹31.62 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 May 2021 | 100446531 | Axis Bank Limited | ₹42 Cr | Open | |
| 18 Jun 2013 | 10442109 | Canara Bank | ₹16.8 Lakh | Satisfied | |
| 25 Aug 2007 | 10067359 | Indian Bank | ₹3 Cr | Satisfied | |
| 24 Aug 2007 | 10066045 | Small Industries Development Bank of India | ₹4.5 Cr | Satisfied | |
| 23 Feb 2006 | 80042540 | Small Industries Development Bank of India | ₹1.65 Cr | Satisfied |
To see the full charge records of Synthesis Home Textiles Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Synthesis Home Textiles Private Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2016.
Total deals
2
Secondary share transfers
2
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Synthesis Home Textiles Private Limited has 2 court cases on record: 2 filed against it. All cases are disposed.
Total cases
2
Filed against the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Karur, Tamil Nadu | Motor accident claim | Filed against the company by individuals | Disposed |
| District court, Karur, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Disposed |
To see the full case history of Synthesis Home Textiles 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Synthesis Home Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Synthesis Home Textiles Private Limited has a workforce of 187 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
187
Active EPFO establishments
1
Employee growth
10%
GST
Synthesis Home Textiles has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAJCS4791C1ZC | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Synthesis Home Textiles Private Limited, buy the company report.
Recent activity
Synthesis Home Textiles Private Limited has 9 board changes on record since 2005: 3 appointments and 6 cessations. The latest: Palanisamy Sudhakar ceased to be Managing Director on 30 Sep 2019.
AGM
Synthesis Home Textiles Private Limited last Annual general meeting of members was held on 20 Sep 2024 as per latest MCA records.
Filing
Synthesis Home Textiles Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Charges
A charge registered on 18 Jun 2013 via Charge ID 10442109 with Canara Bank was fully satisfied on 29 Sep 2021.
Charges
A charge registered on 08 Feb 2006 via Charge ID 80017145 with Others was fully satisfied on 29 Sep 2021.
Charges
A charge with Axis Bank Limited of Rs. 42.00 Cr registered on 13 May 2021 with Charge ID 100446531 was modified on 27 Sep 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 42.00 Cr with Charge ID 100446531 was registered on 13 May 2021.
Charges
A charge with Others of Rs. 20.00 Cr registered on 08 Feb 2006 with Charge ID 80017145 was modified on 16 Jul 2020.
Ceased
Palanisamy Sudhakar ceased to be Managing Director.
Ceased
Sandya Sudhakar ceased to be Whole-Time Director.
Ceased
Shanmugasundaram Madhu ceased to be Managing Director.
Charges
A charge registered on 24 Aug 2007 via Charge ID 10066045 with Small Industries Development Bank Of India was fully satisfied on 04 Mar 2015.
Charges
A charge registered on 23 Feb 2006 via Charge ID 80042540 with Small Industries Development Bank Of India was fully satisfied on 04 Mar 2015.
19 earlier events are in the company report.
Frequently asked questions
Synthesis Home Textiles is an active private limited company based in Karur, Tamil Nadu, India. The company works in home furnishings manufacturing, within the consumer goods industry. It was incorporated on 07 December 2005 (21+ years old) and is registered under CIN U17111TN2005PTC058245.
Synthesis Home Textiles has 3 current directors:
- Shanmugasundaram Madhu - Managing Director
- Palanisamy Sudhakar - Managing Director
- Sandya Sudhakar - Whole-Time Director
The latest financial statements of Synthesis Home Textiles on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 20 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Synthesis Home Textiles is 33AAJCS4791C1ZC, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Synthesis Home Textiles is U17111TN2005PTC058245. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Synthesis Home Textiles has 2 court cases on record: 2 filed against it.
Synthesis Home Textiles was incorporated on 07 December 2005, making it 21+ years old. It is registered with the Registrar of Companies, Chennai.
Synthesis Home Textiles has 2 deals on record (2 secondary share transfers); the latest was in March 2016.
The peers of Synthesis Home Textiles by revenue are Shreedhar Spinners Limited, Concept Clothing Private Limited, Deeksha Woolen Mills Private Limited, B.L.International Private Limited, Vianna Tex Private Limited and 2 more, all in the Consumer Products industry (Home Furnishings Manufacturers, Textiles), with the same principal business activity (textile, leather and other apparel products).
Palanisamy Sudhakar ceased to be Managing Director on 30 Sep 2019. Sandya Sudhakar ceased to be Whole-Time Director on 30 Sep 2019. Shanmugasundaram Madhu ceased to be Managing Director on 30 Sep 2019. Synthesis Home Textiles has 9 board changes on record in total.
Yes, Synthesis Home Textiles is registered as an MSME under Udyam registration (number: UDYAM-TN-10-0001883).
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