MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-PB-12-0021761
Venus Texspin Limited - manufacturing in Ludhiana, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹6.1 Lakh
▲ 22% YoY
Net loss · FY 2022
₹20,212
Net margin -3.3%
EBITDA · FY 2022
-₹1,043
EBITDA margin -0.2%
Authorised capital
₹13.5 Cr
Registered with MCA
Paid-up capital
₹13.42 Cr
Issued & subscribed
Open charges
₹61.55 Cr
Satisfied ₹40.5 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
21
Provident fund records
About Venus Texspin Limited
Data last updated:
Venus Texspin Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 29 May 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17299PB2007PLC031179. Its GSTIN is 03AACCV6244Q1ZY (Punjab).
The company has an authorised share capital of ₹13.5 Cr and a paid-up capital of ₹13.42 Cr. It was formerly known as Venus Texspin Private Limited. It is led by directors including Anup Daruka and Yoovesh Daruka.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Ludhiana, Punjab.
As per the financials filed for FY 2022, the company reported a revenue of ₹6.1 Lakh, a growth of 22% compared to the previous year. For the same year it recorded a net loss of ₹20,212 (net margin -3.3%) and EBITDA of -₹1,043 (EBITDA margin -0.2%). Revenue has declined at a compounded annual rate (CAGR) of 91% over three years and 75% over five years.
The company has about 21 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹61.55 Cr and satisfied charges of ₹40.5 Cr on record. Court records list 22 cases involving the company, including 10 filed by the company and 12 filed against it; 2 cases are pending.
Venus Texspin Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-12-0021761). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website venustexspin.in.
Company details
CIN U17299PB2007PLC031179
Registration Number 031179
Incorporation Date 29 May 2007
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-PB-12-0021761
CIN history
Venus Texspin has one previous CIN (Corporate Identification Number): U17299PB2007PTC031179. The current CIN is U17299PB2007PLC031179, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17299PB2007PLC031179 | Current |
| U17299PB2007PTC031179 | Previous |
Key People
Anup Daruka Additional Director Yoovesh Daruka Additional Director Avinisha Gupta Additional Director Recognitions & Rankings of Venus Texspin
Contact details
Venus Texspin Limited's registered office is in Ludhiana, Punjab. Its website is venustexspin.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressAdjacent Seerat Infrastructure India Hambran Road, Partap Singh Wala Near Grd Academy, Ludhiana, Punjab, India – 141004
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Venus Texspin Limited, buy the company report.
Comprehensive company report
Venus Texspin 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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Business activity
The main business activity of Venus Texspin 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 Venus Texspin Limited, buy the company report.
Financials of Venus Texspin Limited
FY 2022 filings availableVenus Texspin Limited reported revenue of ₹6.1 Lakh (up 22% YoY) for FY 2022.
Revenue · FY 2022
₹6.1 Lakh ▲ 22%
Net loss · FY 2022
₹20,212 margin -3.3%
EBITDA · FY 2022
-₹1,043 margin -0.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 22%
3 years · compounded
▼ 91%
5 years · compounded
▼ 75%
EBITDA CAGR growth
1 year
▼ 104%
3 years · compounded
▼ 26%
5 years · compounded
▲ 88%
Revenue rose 22% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 75%. EBITDA fell 104% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Total Expenses | |||||
| EBITDA | -₹1,043 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹20,212 | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.2% | ||||
| Net Profit Margin | -3.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Venus Texspin Limited, buy the company report.
Board of directors of Venus Texspin Limited
Venus Texspin has 3 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anup Daruka | Additional Director | 09 Jan 2023 | 3 Years 9 Months | Current |
| Yoovesh Daruka Also directs: 3Dswm Texere Private Limited, GRH Global Private Limited | Additional Director | 09 Jan 2023 | 3 Years 9 Months | Current |
| Avinisha Gupta Also directs: Gautam Terrytech Limited, Starwood Solutions Private Limited | Additional Director | 09 Jan 2023 | 3 Years 9 Months | Current |
Peer comparison
Venus Texspin Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Oceanic Industries Private Limited | ₹6.11 Lakh (FY 2023) | -94.0% | Ahmedabad, Gujarat, India | |||
| Swami Overseas Private Limited | ₹6.11 Lakh (FY 2019) | 306.0% | Ganaur, Haryana, India | |||
| Venus Texspin Limitedthis company | ₹6.1 Lakh (FY 2022) | -₹20,212 | -3.3% | 22.0% | 21 | Ludhiana, Punjab, India |
| Gajner Commercials Private Limited | ₹6.09 Lakh (FY 2025) | 38.0% | Surat, Gujarat, India |
To see the full peer comparison of Venus Texspin Limited, buy the company report.
Auditor
Venus Texspin Limited is audited by DEEPAK KAPOOR & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DEEPAK KAPOOR & CO | FY 2021 | 031545N |
Shareholding
The shareholding of Venus Texspin 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 category | FY 2021 | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Venus Texspin Limited, buy the company report.
Charges & borrowings
Open charges
₹61.55 Cr
Satisfied charges
₹40.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Apr 2022 | 100582391 | Hdfc Bank Limited | ₹20 Lakh | Open | |
| 16 Oct 2013 | 10455515 | Others | ₹61.35 Cr | Open | |
| 08 Jan 2014 | 10475911 | Aditya Birla Finance Limited | ₹2.8 Cr | Satisfied | |
| 04 Mar 2011 | 10275476 | Uco Bank | ₹1 Cr | Satisfied | |
| 02 Jul 2008 | 10118443 | Uco Bank | ₹36.7 Cr | Satisfied |
To see the full charge records of Venus Texspin Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Venus Texspin Limited has 22 court cases on record: 10 filed by Venus Texspin, 12 filed against it. 2 cases are pending and 20 are disposed.
Total cases
22
Filed by the company
10
Filed against the company
12
Pending
2
Disposed
20
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 7 | 0 |
| High courts | 5 | 3 | 1 |
| NCLT | 4 | 1 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Execution petition | Filed against the company by Girnar Fabrics Pvt Ltd | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by M/S Girnar Fabrics Pvt Limited | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed by the company against Dealplus Yarns Trading Private Limited | Disposed |
| NCLT, NCLT Chandigarh | Insolvency matter | Filed by the company against Dealplus Yarns Trading Private Limited | Disposed |
| District court, Ludhiana, Punjab | Civil suit | Filed against the company by Supreme Tex Mart Ltd | Disposed |
To see the full case history of Venus Texspin 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 Venus Texspin Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Venus Texspin Limited has a workforce of 21 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
21
Active EPFO establishments
1
Employee growth
-4.55%
GST
Venus Texspin has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCV6244Q1ZY | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Venus Texspin Limited, buy the company report.
Recent activity
Venus Texspin Limited has 21 board changes on record since 2010: 3 appointments and 18 cessations. The latest: Khushboo Devi ceased to be Additional Director on 08 Oct 2023.
Ceased
Khushboo Devi ceased to be Additional Director.
Ceased
Anil Singhania ceased to be Additional Director.
Ceased
Sita Devi ceased to be Additional Director.
Ceased
Rahul Malhotra ceased to be Additional Director.
Ceased
Daksheesh Singhania ceased to be Additional Director.
Appointed
Anup Daruka was appointed as Additional Director.
Appointed
Avinisha Gupta was appointed as Additional Director.
Appointed
Yoovesh Daruka was appointed as Additional Director.
Ceased
Ashok Sharma ceased to be Additional Director.
Ceased
Vijay Kumar Mehra ceased to be Director.
AGM
Venus Texspin Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Ceased
Vipin Jaswal ceased to be Director.
22 earlier events are in the company report.
Frequently asked questions
Venus Texspin is an active public limited company based in Ludhiana, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 29 May 2007 (19+ years old) and is registered under CIN U17299PB2007PLC031179.
Venus Texspin has 3 current directors:
- Anup Daruka - Additional Director
- Yoovesh Daruka - Additional Director
- Avinisha Gupta - Additional Director
The latest financial statements of Venus Texspin on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Venus Texspin is 03AACCV6244Q1ZY, registered in Punjab.
The CIN (Corporate Identification Number) of Venus Texspin is U17299PB2007PLC031179. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Venus Texspin has 22 court cases on record: 10 filed by the company and 12 filed against it. 2 are pending. Most are in the district courts.
Venus Texspin was incorporated on 29 May 2007, making it 19+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Venus Texspin by revenue are Oceanic Industries Private Limited, Swami Overseas Private Limited, Gajner Commercials Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Khushboo Devi ceased to be Additional Director on 08 Oct 2023. Anil Singhania ceased to be Additional Director on 07 Oct 2023. Sita Devi ceased to be Additional Director on 07 Oct 2023. Venus Texspin has 21 board changes on record in total.
Yes, Venus Texspin is registered as a medium enterprise under Udyam registration (number: UDYAM-PB-12-0021761).
Venus Texspin can be reached through the website venustexspin.in. Its registered office is in Ludhiana, Punjab, India.