About Thanjavur Spinning Mill Limited Unlisted Shares
Thanjavur Spinning Mill Limited (TSML) formerly known as Thanjavur Textiles Limited is right now a part of Ramco Group of Companies, engaged in Cement, Textiles, Software and Fiber Cement Roofing sheets and accessories. TSML has a well modernized spinning unit at Thanjavur, with an installed capacity of 50,160 spindles and 776 Rotors. The Mill traditionally makes quality counts from 10’s to 80’s. By virtue of experience and due to the founders’ relentless efforts, TSML has been continuously earning profit and growing as a leader in cotton yarn spinning in South India. Their products have greatly been accepted in the overseas markets and they export 60% of their spinning capacity to the high quality conscious markets like Korea, Hong Kong, Bangladesh, Srilanka and Spain. The accolades they have received from clients are the tribute to the quality and consistency of their management services.
INCORPORATION DETAILS
|
CIN |
U17111TN1961PLC004505 |
|
Registration Date |
09 June 1961 |
|
Category/Sub-category of the Company |
Public Limited Company |
|
Address of the Registered office and contact details |
Thanjavur Spinning Mill Limited , "Rajapalayam Mills Premises", P.A.C. Ramasamy Raja Salai, Rajapalayam - 626 117, Tamil Nadu Phone No.: 04563-235666 |
|
Name, Address and Contact Details of Registrar and Transfer Agent, if any |
M/s. Cameo Corporate Service Limited, Subramanian Building, No. 1, Club House Road, Chennai - 600 002 Phone : 044-28460390 |
PRINCIPAL BUSINESS ACTIVITIES OF THE COMPANY
|
Name and Description of main products/services |
NIC Code of the product/service |
% to the total turnover of the Company |
|
Spinning, weaving and finishing of textiles |
Group 131 |
100% |
BOARD OF DIRECTORS
Shri S. Kanthimathinathan
Shri P.J. Ramkumar Rajha
Shri P.A.S. Krishnama Raja
PARTICULARS OF SUBSIDIARY AND ASSOCIATE COMPANIES
Thanjavur Spinning Mill Limited does not have any subsidiary or associate company.
SHAREHOLDING PATTERN (As of 31-03-2022)
|
S. No. |
Shareholders’ Name |
Number of shares |
% of total Shares of the company |
|
1. |
Promoter Group |
15,65,190 |
57.97 |
|
2. |
Public Shareholding |
11,34,810 |
42.03 |
|
Total |
27,00,000 |
100.00% |
INDUSTRY OUTLOOK
The COVID-19 pandemic has challenged the textile industry drastically in 2020. Asia, which is one of the largest markets for the textile industry in the world, has suffered from the prolonged lockdowns and restrictions in the majority of Asian countries along with the sudden drop in international demand for their products. The loss was particularly high in countries where the textile industry accounted for a larger share of the exports. According to the study by the International Labor Organization (ILO) the global textile trade collapsed during the first half of 2020. Also, exports to the major buying regions in the European Union, the United States, and Japan fell by around 70%. The industry also suffered several supply chain disruptions due to the shortages of cotton and other raw materials.
The textile industry is an ever-growing market, with key competitors being China, the European Union, the United States, and India. China is the world's leading producer and exporter of both raw textiles and garments. The United States is the leading producer and exporter of raw cotton, while also being the top importer of raw textiles and garments. India is the third-largest textile manufacturing industry and is responsible for more than 6% of the total textile production, globally. The rapid industrialization in the developed and developing countries and the evolving technology are helping the textile industry to have modern installations which are capable of high-efficient fabric production. These factors are helping the textile industry to record more revenues during the study period and are expected to help the industry further in the forecast period.
