VSL Synthetics Private Limited
About VSL Synthetics Private Limited
Data last updated:
VSL Synthetics Private Limited is a private 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 September 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17299PB2010PTC034323.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Manju Mittal and Lovelish Mittal.
Its last annual general meeting (AGM) was held on 29 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at 644 – B Aggar Nagar, Ludhiana, Punjab, India – 141001.
As per the financials filed for FY 2015, the company reported a revenue of ₹43.42 Lakh, a decline of 88% compared to the previous year. For the same year it recorded a net profit of ₹12,680 (net margin 0.3%) and EBITDA of ₹18,641 (EBITDA margin 0.4%).
As per MCA filings, the company has open charges of ₹191.22 Cr on record.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
Contact details
VSL Synthetics Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address644 – B Aggar Nagar, Ludhiana, Punjab, India – 141001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of VSL Synthetics 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 VSL Synthetics is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of VSL Synthetics Private Limited, buy the company report.
Financials of VSL Synthetics Private Limited
FY 2015 filings availableVSL Synthetics Private Limited reported revenue of ₹43.42 Lakh (down 88% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue fell 88% in the latest year. EBITDA fell 1% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | ₹43.42 Lakh |
| Other Income | |
| Total Revenue | |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹18,641 |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | ₹12,680 |
| 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
| Metrics | FY 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 0.4% |
| Net Profit Margin | 0.3% |
| 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 | |
To see the full financial statements and ratios of VSL Synthetics Private Limited, buy the company report.
Board of directors of VSL Synthetics Private Limited
VSL Synthetics has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manju Mittal Also directs: VSL Textiles Private Limited | Director | 29 Sep 2010 | 16 Years 1 Months | Current |
| Lovelish Mittal Also directs: VMSL Cotex Private Limited, Kaur Sain Mittal Synthetics Limited | Director | 29 Sep 2010 | 16 Years 1 Months | Current |
Peer comparison
VSL Synthetics Private Limited is compared with the 3 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hankook Textiles Private Limited | ₹43.48 Lakh (FY 2018) | New Delhi, Delhi, India | ||||
| VSL Synthetics Private Limitedthis company | ₹43.42 Lakh (FY 2015) | ₹12,680 | 0.3% | -88.0% | Ludhiana, Punjab, India | |
| Tetra Needles India Private Limited | ₹43.41 Lakh (FY 2022) | Chennai, Tamil Nadu, India | ||||
| Meghloom Eri Women Producer Company Limited | ₹43.4 Lakh (FY 2025) | -6.0% | Ribhoi, Meghalaya, India |
To see the full peer comparison of VSL Synthetics Private Limited, buy the company report.
Shareholding
The shareholding of VSL Synthetics Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of VSL Synthetics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Aug 2015 | 10589272 | State Bank of Patiala | ₹90.22 Cr | Open | |
| 13 Aug 2014 | 10523147 | Bank of India | ₹15 Cr | Open | |
| 16 Jul 2014 | 10510746 | Idbi Bank Limited | ₹5 Cr | Open | |
| 26 Jun 2014 | 10511239 | Punjab National Bank | ₹35 Cr | Open | |
| 19 Mar 2014 | 10501376 | Central Bank of India | ₹17.5 Cr | Open |
To see the full charge records of VSL Synthetics Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
No court or tribunal cases involving VSL Synthetics Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for VSL Synthetics Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for VSL Synthetics Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
VSL Synthetics Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Lovelish Mittal was appointed as Director on 29 Sep 2010.
Frequently asked questions
VSL Synthetics is an active private limited company based in Ludhiana, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 29 September 2010 (16+ years old) and is registered under CIN U17299PB2010PTC034323.
VSL Synthetics has 2 current directors:
- Manju Mittal - Director
- Lovelish Mittal - Director
The latest financial statements of VSL Synthetics on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 29 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of VSL Synthetics is U17299PB2010PTC034323. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VSL Synthetics was incorporated on 29 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of VSL Synthetics by revenue are Hankook Textiles Private Limited, Tetra Needles India Private Limited, Meghloom Eri Women Producer Company Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (wholesale trading).
Lovelish Mittal was appointed as Director on 29 Sep 2010. Manju Mittal was appointed as Director on 29 Sep 2010.
The registered office of VSL Synthetics is at 644 – B Aggar Nagar, Ludhiana, Punjab, India – 141001.
VSL Synthetics operates in the manufacturing industry, in the textile and fabric production segment.
VSL Synthetics has open charges of ₹191.22 Cr and no satisfied charges on record as per latest MCA filings.
The compliance status of VSL Synthetics is active non-compliant as of 08 September 2026. The company is actively filing with the Registrar of Companies.
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