Vantage Spinners Private Limited
About Vantage Spinners Private Limited
Data last updated:
Vantage Spinners Private Limited is a private limited company based in Nuzividu, Andhra Pradesh, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 28 July 2006.
The company is registered with the Registrar of Companies (ROC), Vijayawada, under CIN U17111AP2006PTC050750. Its GSTIN is 37AACCV6045K1Z0 (Andhra Pradesh).
The company has an authorised share capital of ₹37 Cr and a paid-up capital of ₹36.7 Cr. It is led by directors Potluru Mohana Murali Krishna (Managing Director) and Nandamurimeenalatha.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Door No.895 R.S.No.50 And 53/2 Hanuman Junction Road Gollapalli, Nuzividu, Andhra Pradesh, India – 521111.
As per the financials filed for FY 2019, the company reported a revenue of ₹129.9 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹23.29 Cr (net margin -17.9%) and EBITDA of -₹9.73 Cr (EBITDA margin -7.5%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 10% over five years.
The company has about 112 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹189 Cr and satisfied charges of ₹10.5 Cr on record. Court records list 43 cases involving the company, including 10 filed by the company and 26 filed against it; 13 cases are pending.
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- Registered AddressDoor No.895 R.S.No.50 And 53/2 Hanuman Junction Road Gollapalli, Nuzividu, Andhra Pradesh, India – 521111
- IndustryManufacturing, Textile & Fabric Production
- 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
- One PDF report, delivered after checkout
Business Activity of Vantage Spinners Private Limited
The main business activity of Vantage Spinners is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Vantage Spinners Private Limited FY 2019 filings available
Vantage Spinners Private Limited reported revenue of ₹129.9 Cr (down 24% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Vantage Spinners Private Limited
Revenue fell 24% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. 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 of Vantage Spinners Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹129.9 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹9.73 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹23.29 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 of Vantage Spinners Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -7.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -17.9% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Vantage Spinners are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Vantage Spinners Private Limited
Vantage Spinners Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Textiles). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shrikrupa Ginners Private Limited. | •••• | •••• | •••• | •••• | 16 | Erandol, Maharashtra, India |
| Kalpataruvu Spinning Mills Private Limited | •••• | •••• | •••• | •••• | - | Edlapadu, Andhra Pradesh, India |
| Panasian Impex Private Limited | •••• | •••• | •••• | •••• | 16 | Kolkata, West Bengal, India |
| Epic Yarns Private Limited | •••• | •••• | •••• | •••• | 191 | Mumbai, Maharashtra, India |
| Synnex Cotspin Private Limited | •••• | •••• | •••• | •••• | - | Halvad, Gujarat, India |
| Dashmesh Weaving & Dyeing Mills Private Limited | •••• | •••• | •••• | •••• | 53 | Punjab, India |
| Agarpara Jute Mills Ltd | •••• | •••• | •••• | •••• | 1,064 | Kolkata, West Bengal, India |
| Jagajyoti Tie-Up Pvt Ltd | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Sanjoo Dyeing & Printing Mills Private Limited | •••• | •••• | •••• | •••• | - | Sachin, Gujarat, India |
| Shri Rokadoba Maharaj Ginning & Pressing Private Limited | •••• | •••• | •••• | •••• | - | Lihakhedi, Maharashtra, India |
| Vantage Spinners Private Limited this company | •••• | •••• | •••• | •••• | - | Nuzividu, Andhra Pradesh, India |
Peers are the five companies nearest above and the five nearest below Vantage Spinners by revenue in the Manufacturing industry (Textiles), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Vantage Spinners Private Limited
Vantage Spinners Private Limited is audited by KAVADAPU AND ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KAVADAPU AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Vantage Spinners Private Limited
Vantage Spinners has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Potluru Mohana Murali Krishna Also directs: Vijaya Durga Green Fields Private Limited | Managing Director | 21 Aug 2006 | 20 Years 1 Months | As last reported |
| Nandamurimeenalatha Also directs: Vijaya Durga Green Fields Private Limited | Director | 28 Jul 2006 | 20 Years 2 Months | As last reported |
Ownership and Shareholding of Vantage Spinners Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Vantage Spinners Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Aug 2018 | State Bank of India | ₹5.61 Cr | Open |
| 01 Dec 2017 | Others | ₹6.34 Cr | Open |
| 11 Oct 2017 | Indian Overseas Bank | ₹6 Cr | Open |
| 27 Mar 2017 | Others | ₹2.5 Cr | Open |
| 16 Mar 2017 | Indian Overseas Bank | ₹2.8 Cr | Open |
Total charge records: 11 View all charges
Legal Cases of Vantage Spinners Private Limited
Vantage Spinners Private Limited has 43 court cases on record: 10 filed by Vantage Spinners, 26 filed against it, 7 where it is another party. 13 cases are pending and 30 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 17 | 17 | 1 |
| High courts | 13 | 0 | 4 |
| District courts | 12 | 9 | 8 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Krishna, Andhra Pradesh | Court case (COS) | Filed by the company against United India Insurance Company Limited | Pending |
| District court, Krishna, Andhra Pradesh | Court case (CAOP) | Filed by the company against United India Insurance Company Limited | Disposed |
| District court, Krishna, Andhra Pradesh | Civil suit | Filed against the company by an individual | Pending |
| District court, Krishna, Andhra Pradesh | Criminal complaint | Filed against the company by State | Pending |
| High Court of Andhra Pradesh | Criminal complaint | Filed by the company against an individual | Pending |
Full case history
All 43 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Vantage Spinners Private Limited
Vantage Spinners Private Limited has a workforce of 112 employees as of Apr 08, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Vantage Spinners Private Limited
Vantage Spinners Private Limited has 4 board changes on record since 2006: 2 appointments and 2 cessations. The latest: Soma Sekhar Potluri ceased to be Director on 02 Jun 2018.
11 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Vantage Spinners Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Vantage Spinners Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Vantage Spinners Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Vantage Spinners Private Limited
Vantage Spinners has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 37AACCV6045K1Z0 | Andhra Pradesh | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Vantage Spinners Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Vantage Spinners Private Limited
Vantage Spinners is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Vantage Spinners is a company under insolvency, formerly operating as a private limited company based in Nuzividu, Andhra Pradesh, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 28 July 2006 and is registered under CIN U17111AP2006PTC050750. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Vantage Spinners reported revenue of ₹129.9 Cr for FY 2019 (down 24% YoY).
Vantage Spinners has 2 current directors:
- Potluru Mohana Murali Krishna - Managing Director
- Nandamurimeenalatha - Director
Vantage Spinners reported a net loss of ₹23.29 Cr (net margin -17.9%) and EBITDA of -₹9.73 Cr (EBITDA margin -7.5%) for FY 2019, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vantage Spinners is -4% over three years and 10% over five years. In the latest year (FY 2019) revenue fell 24%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Vantage Spinners is U17111AP2006PTC050750. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vantage Spinners has open charges of ₹189 Cr and satisfied charges of ₹10.5 Cr as per latest MCA filings.
Vantage Spinners has 43 court cases on record: 10 filed by the company and 26 filed against it. 13 are pending. Most are in the nclat.
Vantage Spinners was incorporated on 28 July 2006. It is registered with the Registrar of Companies, Vijayawada.
The peers of Vantage Spinners by revenue are Shrikrupa Ginners Private Limited, Kalpataruvu Spinning Mills Private Limited, Panasian Impex Private Limited, Epic Yarns Private Limited, Synnex Cotspin Private Limited and 5 more, all in the Manufacturing industry (Textiles).