MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-14-0001138
VST Spintex India Private Limited - manufacturing in Namakkal, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹59.3 Cr
▼ 15% YoY
Net profit · FY 2024
₹20.77 Lakh
Net margin 0.4%
EBITDA · FY 2024
₹4.16 Cr
EBITDA margin 7%
Authorised capital
₹2.6 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹25.8 Cr
Satisfied ₹21.29 Cr
Company age
17 yrs
Est. 2009
Directors on board
4
As per MCA filings
About VST Spintex India Private Limited
Data last updated:
VST Spintex India 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 28 July 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U17111TZ2009PTC015361. Its GSTIN is 33AADCV0775D1ZL (Tamil Nadu).
The company has an authorised share capital of ₹2.6 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Sudha Thangavell and Nagarajan.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 60A/5 Nehru Nagar Thiruchengode Road Pallipalayam Kumarapalayam (Tk), Namakkal, Tamil Nadu, India – 638006.
As per the financials filed for FY 2024, the company reported a revenue of ₹59.3 Cr, a decline of 15% compared to the previous year. For the same year it recorded a net profit of ₹20.77 Lakh (net margin 0.4%) and EBITDA of ₹4.16 Cr (EBITDA margin 7%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹25.8 Cr and satisfied charges of ₹21.29 Cr on record. Court records list 11 cases involving the company, including 9 filed by the company and 2 filed against it; 2 cases are pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹99 Lakh; the latest was in March 2024. Its 8 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 4 smaller; the largest is Karikali Amman Spinning Mills Private Limited with revenue of ₹59.52 Cr.
VST Spintex India Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-14-0001138). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vstgroups.com.
Company details
CIN U17111TZ2009PTC015361
Registration Number 015361
Incorporation Date 28 July 2009
ROC Coimbatore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-14-0001138
Recognitions & Rankings of VST Spintex India
Contact details
VST Spintex India Private Limited's registered office is in Namakkal, Tamil Nadu. Its website is vstgroups.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address60A/5 Nehru Nagar Thiruchengode Road Pallipalayam Kumarapalayam (Tk), Namakkal, Tamil Nadu, India – 638006
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of VST Spintex India Private Limited, buy the company report.
Comprehensive company report
VST Spintex India Private 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of VST Spintex India 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 VST Spintex India Private Limited, buy the company report.
Financials of VST Spintex India Private Limited
FY 2025 filings availableVST Spintex India Private Limited reported revenue of ₹59.3 Cr (down 15% YoY) for FY 2024.
Revenue · FY 2024
₹59.3 Cr ▼ 15%
Net profit · FY 2024
₹20.77 Lakh margin 0.4%
EBITDA · FY 2024
₹4.16 Cr margin 7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 15%
3 years · compounded
▲ 12%
5 years · compounded
▼ 5%
EBITDA CAGR growth
1 year
▼ 17%
3 years · compounded
▲ 6%
5 years · compounded
▼ 1%
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 15% fall in the latest year. EBITDA fell 17% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.16 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹20.77 Lakh | ||||
| 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7% | ||||
| Net Profit Margin | 0.4% | ||||
| 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 VST Spintex India Private Limited, buy the company report.
Board of directors of VST Spintex India Private Limited
VST Spintex India has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sudha Thangavell | Director | 05 Aug 2009 | 17 Years 3 Months | Current |
| Nagarajan | Director | 28 Jul 2009 | 17 Years 3 Months | Current |
| Balasubramaniam Suresh Also directs: Colorman Green Energy India Private Limited | Director | 05 Aug 2009 | 17 Years 3 Months | Current |
| Amit Saigal Also directs: Prime Spintex Private Limited, Eskay Yarntex Private Limited | Director | 28 Jul 2009 | 17 Years 3 Months | Current |
Peer comparison
VST Spintex India Private Limited is compared with the 8 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 |
|---|---|---|---|---|---|---|
| Karikali Amman Spinning Mills Private Limited | ₹59.52 Cr (FY 2024) | -9.0% | Periyar, Tamil Nadu, India | |||
| Skyvivera Ventures Private Limited | ₹59.41 Cr (FY 2025) | 4762.0% | Kishangarh, Rajasthan, India | |||
| Shreeji Cotfab Limited | ₹59.39 Cr (FY 2024) | -41.0% | Neemrana, Rajasthan, India | |||
| Opes Chem Corp Private Limited | ₹59.39 Cr (FY 2020) | -73.0% | Mumbai, Maharashtra, India | |||
| VST Spintex India Private Limitedthis company | ₹59.3 Cr (FY 2024) | ₹20.77 Lakh | 0.4% | -15.0% | Namakkal, Tamil Nadu, India | |
| R G Spinning Mills Private Limited | ₹59.29 Cr (FY 2024) | -11.0% | Erode, Tamil Nadu, India | |||
| Suriyagiri Spinning Mills Private Limited | ₹59.22 Cr (FY 2025) | 12.0% | Komarapalayam, Tamil Nadu, India | |||
| Knit Gallery India Private Limited | ₹59.17 Cr (FY 2025) | 8.0% | Tirupur, Tamil Nadu, India | |||
| Pradeep Cotton Private Limited | ₹59.14 Cr (FY 2025) | -37.0% | Barwani, Madhya Pradesh, India |
To see the full peer comparison of VST Spintex India Private Limited, buy the company report.
Auditor
VST Spintex India Private Limited is audited by KARTHIKEYAN AND JAYARAM for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KARTHIKEYAN AND JAYARAM | FY 2023 | 007570S |
Shareholding
The shareholding of VST Spintex India 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 VST Spintex India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹25.8 Cr
Satisfied charges
₹21.29 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jul 2023 | 100762704 | Sidbi | ₹6.75 Cr | Open | |
| 07 Mar 2023 | 100695785 | Others | ₹15 Lakh | Open | |
| 18 Dec 2021 | 100512456 | Hdfc Bank Limited | ₹18.9 Cr | Open | |
| 20 Apr 2015 | 10566543 | Tamilnad Mercantile Bank Limited | ₹6.48 Cr | Satisfied | |
| 12 Nov 2010 | 10254247 | Others | ₹14.81 Cr | Satisfied |
To see the full charge records of VST Spintex India Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
VST Spintex India Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹99 Lakh; the latest was in March 2024.
Total deals
3
Secondary share transfers
2
Funding round
1
Disclosed funding
₹99 Lakh
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2012 | Funding round | ₹99 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
VST Spintex India Private Limited has 11 court cases on record: 9 filed by VST Spintex India, 2 filed against it. 2 cases are pending and 9 are disposed.
Total cases
11
Filed by the company
9
Filed against the company
2
Pending
2
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 0 | 1 |
| District courts | 2 | 2 | 1 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Namakkal, Tamil Nadu | Civil suit | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against State of Tamil Nadu and 3 others | Pending |
| District court, Namakkal, Tamil Nadu | Civil suit | Filed against the company by an individual | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against individuals | Disposed |
| High Court, TAMIL NADU | Court case (CONT P) | Filed by the company against individuals | Disposed |
To see the full case history of VST Spintex India 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
VST Spintex India Private Limited was last rated by Crisil on 24 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 24 Dec 2020 |
To see the full credit ratings and regulatory alerts of VST Spintex India Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for VST Spintex India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
VST Spintex India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCV0775D1ZL | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of VST Spintex India Private Limited, buy the company report.
Recent activity
VST Spintex India Private Limited has 4 board changes on record since 2009: 4 appointments. The latest: Balasubramaniam Suresh was appointed as Director on 05 Aug 2009.
AGM
Vst Spintex India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Vst Spintex India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Coimbatore.
Charges
A charge with Hdfc Bank Limited of Rs. 18.90 Cr registered on 18 Dec 2021 with Charge ID 100512456 was modified on 08 Mar 2024.
Charges
A charge with Sidbi amounted to Rs. 6.75 Cr with Charge ID 100762704 was registered on 24 Jul 2023.
Charges
A charge with Others amounted to Rs. 0.15 Cr with Charge ID 100695785 was registered on 07 Mar 2023.
Charges
A charge registered on 12 Nov 2010 via Charge ID 10254247 with Others was fully satisfied on 25 Feb 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 18.90 Cr with Charge ID 100512456 was registered on 18 Dec 2021.
Charges
A charge with Others of Rs. 14.81 Cr registered on 12 Nov 2010 with Charge ID 10254247 was modified on 22 Feb 2021.
Charges
A charge registered on 20 Apr 2015 via Charge ID 10566543 with Tamilnad Mercantile Bank Limited was fully satisfied on 01 Aug 2018.
Charges
A charge with Tamilnad Mercantile Bank Limited of Rs. 6.48 Cr registered on 20 Apr 2015 with Charge ID 10566543 was modified on 25 Sep 2015.
Charges
A charge with Tamilnad Mercantile Bank Limited amounted to Rs. 6.48 Cr with Charge ID 10566543 was registered on 20 Apr 2015.
Charges
A charge with Others amounted to Rs. 14.81 Cr with Charge ID 10254247 was registered on 12 Nov 2010.
5 earlier events are in the company report.
Frequently asked questions
VST Spintex India 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 28 July 2009 (17+ years old) and is registered under CIN U17111TZ2009PTC015361.
VST Spintex India has 4 current directors:
- Sudha Thangavell - Director
- Nagarajan - Director
- Balasubramaniam Suresh - Director
- Amit Saigal - Director
The latest financial statements of VST Spintex India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of VST Spintex India is 33AADCV0775D1ZL, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of VST Spintex India is U17111TZ2009PTC015361. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VST Spintex India has 11 court cases on record: 9 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
VST Spintex India was incorporated on 28 July 2009, making it 17+ years old. It is registered with the Registrar of Companies, Coimbatore.
VST Spintex India has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹99 Lakh; the latest was in March 2024.
The peers of VST Spintex India by revenue are Karikali Amman Spinning Mills Private Limited, Skyvivera Ventures Private Limited, Shreeji Cotfab Limited, Opes Chem Corp Private Limited, R G Spinning Mills Private Limited and 3 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Balasubramaniam Suresh was appointed as Director on 05 Aug 2009. Sudha Thangavell was appointed as Director on 05 Aug 2009. Amit Saigal was appointed as Director on 28 Jul 2009. VST Spintex India has 4 board changes on record in total.
Yes, VST Spintex India is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-14-0001138).
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages