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Katare Spinning Mills Ltd. (India)

Main Activities: Fiber, Yarn, and Thread Mills
Full name: Katare Spinning Mills Ltd. Profile Updated: October 31, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2024 Available in: English Download a sample report

Katare Spinning Mills Ltd. is a company located in Solapur, Maharashtra. The company was incorporated in a year that is not mentioned in the source. The company has a history of starting as a weaving industry with 4 Powerlooms in 1949. In 1974, they diversified their activities into the spinning industry and started producing yarn with a 6s count for Jacquard Chaddars. In 1984, they expanded their operations and set up a unit with 25,000 spindles and another unit with 10,000 spindles doubling. They were the first company in Solapur to provide buses for their workers. In 1992, they established a second unit with 12,500 spindles and modernized their M.I.D.C. unit with new machinery and technology. The company also operates a hotel called Hotel Tripursundari in Solapur, which opened in 1997 and offers world-class facilities. The hotel consists of 54 rooms and suites, international cuisine restaurants, a banquet hall, a shopping arcade, and a state-of-the-art business center. The contact information for Katare Spinning Mills Ltd. is Ground Floor, B Wing, 14/30 Ravivar Peth, Akkalkot Road, Solapur - 413005, and their phone number is 0217-2376555.

Legal Address
14/30 Ground Floor, B Wing,, Katare Complex, Gandhinagar, Bl.No.10
Solapur; Maharashtra; Postal Code: 413006

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Website: https://katarespinningmills.com

Basic Information
Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
1980
Key Executives
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Director
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Director
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Director
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Managing Director
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Co. Secretary & Compl. Officer
Ownership Details
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49.7%
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44.45%
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5.57%
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0.28%
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Company Performance
Financial values in the chart are available after Katare Spinning Mills Ltd. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency INR. Absolute financial data is included in the purchased report.
Net sales revenue
122.86%
Total operating revenue
122.86%
Operating profit (EBIT)
-109.52%
EBITDA
N/A
Net Profit (Loss) for the Period
-100%
Total equity
0%
Operating Profit Margin (ROS)
3.59%
Net Profit Margin
6.15%
Return on Equity (ROE)
-7.37%

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