About Victory Spinning Mills Private Limited
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Victory Spinning Mills Private Limited is a private limited company based in Namakkal, Tamil Nadu, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 30 January 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ2003PTC010459. Its GSTIN is 33AABCV7533K1Z6 (Tamil Nadu).
The company has an authorised share capital of ₹22.75 Cr and a paid-up capital of ₹22.62 Cr. It was formerly known as Victory Yarn Spinners Private Limited and Victory Spinning Mills Limited. It is led by directors including Pallipalayam Sellappan Sundaram (Managing Director) and Ramasamygounder Thangavelu (Managing Director).
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sankagiri Main Roaduppupalayam Modamangalam Post Tirchengode Taluk, Namakkal, Tamil Nadu, India – 638006.
As per the financials filed for FY 2025, the company reported a revenue of ₹207.66 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹9 Lakh (net margin 0%) and EBITDA of ₹7.05 Cr (EBITDA margin 3.4%). Revenue has declined at a compounded annual rate (CAGR) of 18% over three years and 1% over five years.
The company has about 157 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹60 Cr and satisfied charges of ₹113.73 Cr on record. Court records list 34 cases involving the company, including 27 filed by the company and 7 filed against it; 2 cases are pending. The company has 6 deals on record (6 funding rounds), with disclosed funding of ₹21.9 Cr; the latest was in March 2017. Its 7 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 3 smaller; the largest is Balaji Weft Private Limited with revenue of ₹208.92 Cr.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website victoryspinningmills.com.
Company details
Name history
Victory Spinning Mills has undergone 2 name changes throughout its history. The company was previously known as Victory Yarn Spinners Private Limited, and Victory Spinning Mills Limited. The current legal name is Victory Spinning Mills Private Limited.
| Company Name | Status |
|---|---|
| Victory Spinning Mills Private Limited | Current |
| Victory Yarn Spinners Private Limited | Previous |
| Victory Spinning Mills Limited | Previous |
CIN history
Victory Spinning Mills has one previous CIN (Corporate Identification Number): U17111TZ2003PLC010459. The current CIN is U17111TZ2003PTC010459, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17111TZ2003PTC010459 | Current |
| U17111TZ2003PLC010459 | Previous |
Contact details
Victory Spinning Mills Private Limited's registered office is in Namakkal, Tamil Nadu. Its website is victoryspinningmills.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressSankagiri Main Roaduppupalayam Modamangalam Post Tirchengode Taluk, Namakkal, Tamil Nadu, India – 638006
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Victory Spinning Mills 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 Victory Spinning Mills 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 Victory Spinning Mills Private Limited, buy the company report.
Financials of Victory Spinning Mills Private Limited
FY 2025 filings availableVictory Spinning Mills Private Limited reported revenue of ₹207.66 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 5% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. 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 | ₹7.05 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9 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 | 3.4% | ||||
| Net Profit Margin | 0% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Victory Spinning Mills Private Limited, buy the company report.
Board of directors of Victory Spinning Mills Private Limited
Victory Spinning Mills has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pallipalayam Sellappan Sundaram Also directs: VK Victory Yarns India Private Limited, SKV Yarns Private Limited | Managing Director | 30 Jan 2003 | 23 Years 9 Months | Current |
| Thangavelu Balachandar | Director | 30 Jan 2003 | 23 Years 9 Months | Current |
| Ramasamygounder Thangavelu | Managing Director | 30 Jan 2003 | 23 Years 9 Months | Current |
| Sundaram Vijayalakshmi Also directs: VK Victory Yarns India Private Limited, SKV Yarns Private Limited | Director | 30 Jan 2003 | 23 Years 9 Months | Current |
| Sellappagounder Sundaram Abhirami | Additional Director | 13 Oct 2025 | 1 Years 0 Months | Current |
Peer comparison
Victory Spinning Mills Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Balaji Weft Private Limited | ₹208.92 Cr (FY 2025) | 21.0% | Ahmedabad, Gujarat, India | |||
| Tag Developers Pvt Ltd | ₹208.74 Cr (FY 2025) | 39.0% | Kolkata, West Bengal, India | |||
| Dipu Enterprises Pvt Limited | ₹208.63 Cr (FY 2025) | 34.0% | Mumbai, Maharashtra, India | |||
| Morarjee Textiles Limited | ₹208.16 Cr (FY 2023) | -24.0% | Mumbai, Maharashtra, India | |||
| Victory Spinning Mills Private Limitedthis company | ₹207.66 Cr (FY 2025) | ₹9 Lakh | 0% | 5.0% | 157 | Namakkal, Tamil Nadu, India |
| Olive Tex Silk Mills Private Limited | ₹207.48 Cr (FY 2025) | 8.0% | Mumbai, Maharashtra, India | |||
| Armstrong Spinning Mills Private Limited | ₹207.08 Cr (FY 2022) | 58.0% | Coimbatore, Tamil Nadu, India | |||
| Voith Paper Fabrics India Limited | ₹206.62 Cr (FY 2025) | 6.0% | Farida Bad, Haryana, India |
To see the full peer comparison of Victory Spinning Mills Private Limited, buy the company report.
Shareholding
The shareholding of Victory Spinning Mills 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 Victory Spinning Mills Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2025 | 101074436 | Others | ₹40.26 Lakh | Open | |
| 04 May 2020 | 100337843 | Axis Bank Limited | ₹2 Cr | Open | |
| 31 Oct 2019 | 100324222 | Canara Bank | ₹12.25 Lakh | Open | |
| 15 Oct 2018 | 100214824 | Axis Bank Limited | ₹57.48 Cr | Open | |
| 29 Apr 2013 | 10476983 | Corporation Bank | ₹36.25 Cr | Satisfied |
To see the full charge records of Victory Spinning Mills Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Victory Spinning Mills Private Limited has 6 deals on record (6 funding rounds), with disclosed funding of ₹21.9 Cr; the latest was in March 2017.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Funding round | ₹3.5 Cr | Investors: 4 individuals |
| Feb 2016 | Funding round | ₹1.5 Cr | Investors: 2 individuals |
| Mar 2013 | Funding round | ₹6.99 Cr | Investors: 4 individuals |
| Sep 2011 | Funding round | ₹8 Cr | Investors: 4 individuals |
| Mar 2008 | Funding round | ₹1.24 Cr | Investors: 4 individuals |
To see the full deal history of Victory Spinning Mills 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
Victory Spinning Mills Private Limited has 34 court cases on record: 27 filed by Victory Spinning Mills, 7 filed against it. 2 cases are pending and 32 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 31 | 5 | 1 |
| District courts | 3 | 2 | 1 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Namakkal, Tamil Nadu | Court case (COS) | Filed by the company against Thangavel Fabrics Private Limited Rep by Its Managing Director A Thangavel and 4 others | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against M/S. Dena Bank, and 7 others | Pending |
| District court, Salem, Tamil Nadu | Motor accident claim | Filed against the company by an individual | Disposed |
| Madras High Court | Writ petition | Filed by the company against State of Tamilnadu | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against State of Tamilnadu | Disposed |
To see the full case history of Victory Spinning Mills 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
Victory Spinning Mills Private Limited was last rated by Indiarating on 07 May 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 07 May 2021 |
To see the full credit ratings and regulatory alerts of Victory Spinning Mills Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Victory Spinning Mills Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Victory Spinning Mills Private Limited has a workforce of 157 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Victory Spinning Mills has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCV7533K1Z6 | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Victory Spinning Mills Private Limited, buy the company report.
Recent activity
Victory Spinning Mills Private Limited has 7 board changes on record since 2003: 5 appointments and 2 cessations. The latest: Sellappagounder Sundaram Abhirami was appointed as Additional Director on 13 Oct 2025.
9 earlier events are in the company report.
Frequently asked questions
Victory Spinning Mills is an active private limited company based in Namakkal, Tamil Nadu, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 30 January 2003 (23+ years old) and is registered under CIN U17111TZ2003PTC010459.
Victory Spinning Mills has 5 current directors:
- Pallipalayam Sellappan Sundaram - Managing Director
- Ramasamygounder Thangavelu - Managing Director
- Thangavelu Balachandar - Director
- Sundaram Vijayalakshmi - Director
- Sellappagounder Sundaram Abhirami - Additional Director
The latest financial statements of Victory Spinning Mills on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Victory Spinning Mills is 33AABCV7533K1Z6, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Victory Spinning Mills is U17111TZ2003PTC010459. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Victory Spinning Mills has 34 court cases on record: 27 filed by the company and 7 filed against it. 2 are pending. Most are in the high courts.
Victory Spinning Mills was incorporated on 30 January 2003, making it 23+ years old. It is registered with the Registrar of Companies, Coimbatore.
Victory Spinning Mills has 6 deals on record (6 funding rounds), with disclosed funding of ₹21.9 Cr; the latest was in March 2017.
The peers of Victory Spinning Mills by revenue are Balaji Weft Private Limited, Tag Developers Pvt Ltd, Dipu Enterprises Pvt Limited, Morarjee Textiles Limited, Olive Tex Silk Mills Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Sellappagounder Sundaram Abhirami was appointed as Additional Director on 13 Oct 2025. Pallipalayam Sellappan Sundaram ceased to be Managing Director on 31 Jan 2020. Ramasamygounder Thangavelu ceased to be Managing Director on 31 Jan 2020. Victory Spinning Mills has 7 board changes on record in total.
Victory Spinning Mills can be reached through the website victoryspinningmills.com. Its registered office is in Namakkal, Tamil Nadu, India.
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