Velan Textiles Private Limited
About Velan Textiles Private Limited
Data last updated:
Velan Textiles Private Limited is a private limited company based in Tiruppur, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 04 February 1980 and has been in existence for over 46 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ1980PTC009638. Its GSTIN is 29AAACV3431B1ZQ (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.45 Cr. It is led by directors including Sivasubramaniam Deivambal (Managing Director) and Krishnakarthikeyani.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No.440 Kamaraj Road, Tiruppur, Tamil Nadu, India – 641604.
As per the financials filed for FY 2025, the company reported a revenue of ₹28.48 Lakh, a decline of 69% compared to the previous year. For the same year it recorded a net loss of ₹59.27 Lakh (net margin -208.1%) and EBITDA of -₹52.15 Lakh (EBITDA margin -183.1%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 18% over five years.
As per MCA filings, the company has open charges of ₹33.79 Lakh on record. Court records list 11 cases involving the company, including 5 filed by the company and 6 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Velan Textiles has one previous CIN (Corporate Identification Number): U17111TZ1980PLC009638. The current CIN is U17111TZ1980PTC009638, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17111TZ1980PTC009638 | Current |
| U17111TZ1980PLC009638 | Previous |
Contact details
Velan Textiles Private Limited's registered office is in Tiruppur, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressNo.440 Kamaraj Road, Tiruppur, Tamil Nadu, India – 641604
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Velan Textiles 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 Velan Textiles 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 Velan Textiles Private Limited, buy the company report.
Financials of Velan Textiles Private Limited
FY 2024 filings availableVelan Textiles Private Limited reported revenue of ₹28.48 Lakh (down 69% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 69% fall in the latest year. EBITDA fell 862% 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 | -₹52.15 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹59.27 Lakh | ||||
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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 | -183.1% | ||||
| Net Profit Margin | -208.1% | ||||
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To see the full financial statements and ratios of Velan Textiles Private Limited, buy the company report.
Board of directors of Velan Textiles Private Limited
Velan Textiles has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnakarthikeyani | Director | 13 Feb 2024 | 2 Years 8 Months | Current |
| Sivasubramaniam Deivambal | Managing Director | 04 Dec 1980 | 45 Years 10 Months | Current |
| Srinivasan Darnadeeksan | Director | 01 Sep 2023 | 3 Years 2 Months | Current |
| Sivasubramaniam Srinivasan | Director | 23 Jan 2011 | 15 Years 9 Months | Current |
Auditor
Velan Textiles Private Limited is audited by BALAJI & THULASIRAMAN for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BALAJI & THULASIRAMAN | FY 2018 | 007262S |
Shareholding
The shareholding of Velan Textiles Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Velan Textiles Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jul 1992 | 90002493 | The Catholic Syrian Bank Limited | ₹33.79 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Velan Textiles Private Limited has 11 court cases on record: 5 filed by Velan Textiles, 6 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 8 | 5 | 0 |
| District courts | 3 | 1 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, CHAMRAJNAGAR, Karnataka | Civil suit | Filed by the company against M/S Adiyogi Spinning Mills Represented by Its Partners, R. Sivanantham | Disposed |
| District court, MYSURU, Karnataka | Court case (ESI.A.) | Filed by the company against an individual | Disposed |
| High Court, TAMIL NADU | Court case (COMP.A) | Filed against the company by M/S.Ankal Fabrics | Disposed |
| High Court, TAMIL NADU | Company petition | Filed against the company by an individual | Disposed |
| High Court | Court case (COMP.A) | Filed against the company by M/S.Ankal Mills | Disposed |
To see the full case history of Velan 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 Velan Textiles Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Velan Textiles has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACV3431B1ZQ | Karnataka | Active | 01 Jul 2017 |
| 33AAACV3431B1Z1 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Velan Textiles Private Limited, buy the company report.
Recent activity
Velan Textiles Private Limited has 7 board changes on record since 1980: 4 appointments and 3 cessations. The latest: Krishnakarthikeyani was appointed as Director on 13 Feb 2024.
Frequently asked questions
Velan Textiles is an active private limited company based in Tiruppur, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 04 February 1980 (46+ years old) and is registered under CIN U17111TZ1980PTC009638.
Velan Textiles has 4 current directors:
- Sivasubramaniam Deivambal - Managing Director
- Krishnakarthikeyani - Director
- Srinivasan Darnadeeksan - Director
- Sivasubramaniam Srinivasan - Director
The latest financial statements of Velan Textiles on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Velan Textiles is 29AAACV3431B1ZQ, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAACV3431B1Z1 (Tamil Nadu).
The CIN (Corporate Identification Number) of Velan Textiles is U17111TZ1980PTC009638. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Velan Textiles has 11 court cases on record: 5 filed by the company and 6 filed against it. Most are in the high courts.
Velan Textiles was incorporated on 04 February 1980, making it 46+ years old. It is registered with the Registrar of Companies, Coimbatore.
Krishnakarthikeyani was appointed as Director on 13 Feb 2024. Srinivasan Darnadeeksan was appointed as Director on 01 Sep 2023. Sivasubramaniam Srinivasan ceased to be Additional Director on 26 Sep 2011. Velan Textiles has 7 board changes on record in total.
The registered office of Velan Textiles is at No.440 Kamaraj Road, Tiruppur, Tamil Nadu, India – 641604.
Velan Textiles operates in the manufacturing industry, in the textile and fabric production segment.
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