V S P Industries Private Limited
About V S P Industries Private Limited
Data last updated:
V S P Industries Private Limited is a private limited company based in Erode, Tamil Nadu, India, a subsidiary of Vsm Weavess India Private Ltd.. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 20 May 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ2005PTC011820. Its GSTIN is 33AACCV2522M1ZE (Tamil Nadu).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.94 Cr. It is led by directors including Ravichandran Muralidharan (Whole-Time Director) and Sengodagounder Muthusamy.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 12/2 Kurangupudur Ist Street Pallipalayam, Erode, Tamil Nadu, India – 638006.
As per the financials filed for FY 2025, the company reported a revenue of ₹201.81 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹14.77 Cr (net margin 7.3%) and EBITDA of ₹33.25 Cr (EBITDA margin 16.5%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years and 4% over five years.
The company has about 554 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹53.76 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending. The company has 13 deals on record (9 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹4.81 Cr; the latest was in March 2023. Its 9 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 4 larger and 5 smaller; the largest is Kaytee Corporation Private Limited with revenue of ₹202.97 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
V S P Industries Private Limited's registered office is in Erode, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address12/2 Kurangupudur Ist Street Pallipalayam, Erode, Tamil Nadu, India – 638006
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of V S P Industries Private 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
Business activity
The main business activity of V S P Industries is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of V S P Industries Private Limited, buy the company report.
Financials of V S P Industries Private Limited
FY 2025 filings availableV S P Industries Private Limited reported revenue of ₹201.81 Cr (down 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 21% fall in the latest year. EBITDA fell 13% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹33.25 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹14.77 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.5% | ||||
| Net Profit Margin | 7.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of V S P Industries Private Limited, buy the company report.
Board of directors of V S P Industries Private Limited
V S P Industries has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sengodagounder Muthusamy | Director | 20 May 2005 | 21 Years 5 Months | Current |
| Sengoda Gounder Palanisamy Valliyappa Gounder Also directs: Pallava Textiles Private Limited, VSM Weavess India Private Limited, R. M. D.Weaving Mills Private Limited and 1 more | Director | 20 May 2005 | 21 Years 5 Months | Current |
| Palanisamy Duraiswamy Also directs: Pallava Textiles Private Limited, VSM Weavess India Private Limited, R. M. D.Weaving Mills Private Limited and 3 more | Director | 20 May 2005 | 21 Years 5 Months | Current |
| Muthusamy Ravichandran Also directs: Pallava Textiles Private Limited, VSM Weavess India Private Limited, R. M. D.Weaving Mills Private Limited and 3 more | Director | 20 May 2005 | 21 Years 5 Months | Current |
| Ravichandran Muralidharan | Whole-Time Director | 09 Feb 2015 | 11 Years 8 Months | Current |
Peer comparison
V S P Industries Private Limited is compared with the 9 companies closest to it by revenue in the Manufacturing industry (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 |
|---|---|---|---|---|---|---|
| Kaytee Corporation Private Limited | ₹202.97 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Shri Anant Syntex Limited | ₹202.64 Cr (FY 2025) | 21.0% | Bhilwara, Rajasthan, India | |||
| Dharanidara Spinning Mills Private Limited | ₹202.56 Cr (FY 2025) | 17.0% | Salem, Tamil Nadu, India | |||
| Ram Spinning Mills Private Limited | ₹202.05 Cr (FY 2025) | 30.0% | Botad, Gujarat, India | |||
| V S P Industries Private Limitedthis company | ₹201.81 Cr (FY 2025) | ₹14.77 Cr | 7.3% | -21.0% | 554 | Erode, Tamil Nadu, India |
| Budge Budge Company Ltd | ₹201.73 Cr (FY 2025) | -12.0% | Kolkata, West Bengal, India | |||
| Shree Bharat International Private Limited | ₹201.63 Cr (FY 2025) | 3.0% | New Delhi, Delhi, India | |||
| Bhuvaneswari Cotspin India Private Limited | ₹201.22 Cr (FY 2024) | -17.0% | Coimbatore, Tamil Nadu, India | |||
| Owm Poly Yarn Limited | ₹200.93 Cr (FY 2025) | 43.0% | Ludhiana, Punjab, India | |||
| Parth International Private Limited | ₹200.1 Cr (FY 2025) | 18.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of V S P Industries Private Limited, buy the company report.
Auditor
V S P Industries Private Limited is audited by T N RAMADOSS & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T N RAMADOSS & CO | FY 2021 | 007080S |
Shareholding
The shareholding of V S P Industries 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of V S P Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2021 | 100511127 | Axis Bank Limited | ₹20 Cr | Open | |
| 28 Sep 2018 | 100214311 | Hdfc Bank Limited | ₹27.5 Cr | Satisfied | |
| 15 Feb 2018 | 100166970 | State Bank of India | ₹26.26 Cr | Satisfied |
To see the full charge records of V S P Industries Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
V S P Industries Private Limited has 13 deals on record (9 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹4.81 Cr; the latest was in March 2023.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: VSM Weavess India Private Limited Seller: 4 individuals |
| Mar 2018 | Acquisition | ₹14 Cr | Buyer: VSM Weavess India Private Limited |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: Muralidharan Benificiary Trust, Duraisamy Benificiary Trust Seller: VMVS Textiles Private Limited , Akt Securities Private Limited , Camr Infotech Private Limited |
| Mar 2012 | Funding round | ₹3.29 Cr | Investors: Akt Securities Private Limited , BLSB Financial Services Private Limited , Manak Portfolios Limited |
| May 2010 | Secondary share transfer | Undisclosed | Buyer: VSM Weavess India Private Limited , R. M. D.Weaving Mills Private Limited Seller: VMVS Textiles Private Limited , Camr Infotech Private Limited , CSSB Securities Private Limited , an individual |
To see the full deal history of V S P Industries Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
V S P Industries Private Limited has 2 court cases on record: 2 filed by V S P Industries. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Erode, Tamil Nadu | Civil suit | Filed by the company against an individual | Pending |
| District court, Erode, Tamil Nadu | Criminal case | Filed by the company against an individual | Pending |
To see the full case history of V S P Industries 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.
Credit ratings & regulatory alerts
V S P Industries Private Limited was last rated by Crisil on 23 Apr 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 23 Apr 2020 |
To see the full credit ratings and regulatory alerts of V S P Industries Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for V S P Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
V S P Industries Private Limited has a workforce of 554 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
V S P Industries has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCV2522M1ZE | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of V S P Industries Private Limited, buy the company report.
Recent activity
V S P Industries Private Limited has 10 board changes on record since 2005: 5 appointments and 5 cessations. The latest: Duraiswamy Jayashree ceased to be Director on 19 Sep 2018.
8 earlier events are in the company report.
Frequently asked questions
V S P Industries is an active private limited company based in Erode, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 20 May 2005 (21+ years old) and is registered under CIN U17111TZ2005PTC011820.
V S P Industries has 5 current directors:
- Ravichandran Muralidharan - Whole-Time Director
- Sengodagounder Muthusamy - Director
- Sengoda Gounder Palanisamy Valliyappa Gounder - Director
- Palanisamy Duraiswamy - Director
- Muthusamy Ravichandran - Director
The latest financial statements of V S P Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of V S P Industries is 33AACCV2522M1ZE, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of V S P Industries is U17111TZ2005PTC011820. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
V S P Industries has 2 court cases on record: 2 filed by the company. 2 are pending.
V S P Industries was incorporated on 20 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Coimbatore.
V S P Industries has 13 deals on record (9 secondary share transfers, 3 funding rounds, 1 acquisition), with disclosed funding of ₹4.81 Cr; the latest was in March 2023.
The peers of V S P Industries by revenue are Kaytee Corporation Private Limited, Shri Anant Syntex Limited, Dharanidara Spinning Mills Private Limited, Ram Spinning Mills Private Limited, Budge Budge Company Ltd and 4 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Duraiswamy Jayashree ceased to be Director on 19 Sep 2018. Muthusamy Rajammal ceased to be Director on 19 Sep 2018. Ravichandran Sathia Devi ceased to be Director on 19 Sep 2018. V S P Industries has 10 board changes on record in total.
The registered office of V S P Industries is at 122 Kurangupudur Ist Street Pallipalayam, Erode, Tamil Nadu, India – 638006.
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