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ActiveTamil NaduSince 1994

Salona Cotspin Limited

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Set up in 1994. It has pledged its assets against loans of up to ₹621.4 crore from 6 lenders.

CINL17111TZ1994PLC004797
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32 years at a glance

Loans against its assets, and when today's people joined

1996199820002002200420062008201020122014201620182020202220242026LOANS AGAINST ITS ASSETSTODAY'S PEOPLE, WHEN THEY JOINEDRegistered as a companyTamilnad Mercantile Bank Ltd., up to ₹45 lakh, 11 Aug 1995 to 18 Mar 1996CSB Bank Limited, up to ₹5 crore, 3 Apr 1996 to still openUnion Bank of India, up to ₹65 lakh, 18 Feb 1997 to 25 Aug 2014Union Bank of India, up to ₹225.46 crore, 13 Jun 1997 to still openUnion Bank of India, up to ₹93 lakh, 5 May 2004 to 17 Feb 2014State Bank of India, up to ₹59.88 crore, 29 Oct 2004 to still openUnion Bank of India, up to ₹8.25 crore, 22 Jan 2007 to 25 Aug 2014Union Bank of India, up to ₹50 lakh, 31 May 2007 to 14 Feb 2011Union Bank of India, up to ₹2 crore, 6 Mar 2008 to 14 Feb 2011The Catholic Syrian Bank Liimited, up to ₹1 crore, 17 Jun 2008 to 19 Nov 2008Oriental Bank of Commerce, up to ₹16.46 crore, 4 Jan 2010 to 18 Oct 2021Punjab National Bank, up to ₹8.8 crore, 4 Jan 2010 to 18 Oct 2021CSB Bank LTD, up to ₹6 crore, 19 Feb 2020 to 7 Nov 2020Union Bank of India, up to ₹91 lakh, 29 Apr 2020 to 21 Jun 2025State Bank of India, up to ₹79.12 lakh, 26 Aug 2020 to 15 Oct 2024Union Bank of India, up to ₹46.66 crore, 4 Sept 2020 to still openPunjab National Bank, up to ₹2.83 crore, 15 Sept 2020 to 1 Oct 2021HDFC Bank Limited, up to ₹143 crore, 8 Apr 2021 to still openHDFC Bank Limited, up to ₹2.76 crore, 17 Jun 2021 to still openHDFC Bank Limited, up to ₹15.6 crore, 17 Jun 2021 to still openUnion Bank of India, up to ₹10 crore, 24 Jun 2021 to 7 Jul 2022HDFC Bank Limited, up to ₹8.39 lakh, 28 Jan 2022 to still openHDFC Bank Limited, up to ₹8.39 lakh, 21 Feb 2022 to still openPunjab National Bank, up to ₹1.22 crore, 2 Sept 2022 to still openICICI Bank Limited, up to ₹40 crore, 27 Mar 2023 to still openHDFC Bank Limited, up to ₹17.57 lakh, 22 Aug 2023 to still openHDFC Bank Limited, up to ₹51 crore, 29 Sept 2023 to still openCSB Bank Limited, up to ₹8.62 crore, 25 Mar 2024 to 12 Jun 2025CSB Bank Limited, up to ₹9.5 crore, 26 Apr 2024 to 12 Jun 2025HDFC Bank Limited, up to ₹22.53 lakh, 31 Aug 2024 to still openHDFC Bank Limited, up to ₹1.8 crore, 31 Jul 2025 to still openHDFC Bank Limited, up to ₹8.71 lakh, 8 Aug 2025 to still openState Bank of India, up to ₹6.27 crore, 15 Jun 2026 to still openHDFC Bank Limited, up to ₹17.64 crore, 19 Jun 2026 to still openUnion Bank of India, up to ₹3.93 crore, 23 Jun 2026 to still openCSB Bank Limited, up to ₹52.26 lakh, 30 Jun 2026 to still open
Loan still openLoan paid offSomeone joined, and is still there
  • 1994Registered as a company on 18 Jan 1994.
  • 1997Its biggest loan against assets, ₹225.46 crore with Union Bank of India, is still open.

Who runs it

This page does not list its directors yet. Open the company in Entiva to see who runs it on MCA's register today.

Who has lent to it

₹621.4 crorein loans backed by its assets, from 6 lenders

  • Union Bank of India₹276.05 crore

    3 open loans, taken out 1997 to 2026

  • HDFC Bank Limited₹232.46 crore

    11 open loans, taken out 2021 to 2026

  • State Bank of India₹66.15 crore

    2 open loans, taken out 2004 to 2026

  • ICICI Bank Limited₹40 crore

    Open, taken out 27 Mar 2023

  • CSB Bank Limited₹5.52 crore

    2 open loans, taken out 1996 to 2026

  • Punjab National Bank₹1.22 crore

    Open, taken out 2 Sept 2022

16 earlier loans, now paid off
  • CSB Bank Limited26 Apr 2024 to 12 Jun 2025₹9.5 crore
  • CSB Bank Limited25 Mar 2024 to 12 Jun 2025₹8.62 crore
  • Union Bank of India24 Jun 2021 to 7 Jul 2022₹10 crore
  • Punjab National Bank15 Sept 2020 to 1 Oct 2021₹2.83 crore
  • State Bank of India26 Aug 2020 to 15 Oct 2024₹79.12 lakh
  • Union Bank of India29 Apr 2020 to 21 Jun 2025₹91 lakh
  • CSB Bank LTD19 Feb 2020 to 7 Nov 2020₹6 crore
  • Oriental Bank of Commerce4 Jan 2010 to 18 Oct 2021₹16.46 crore
  • Punjab National Bank4 Jan 2010 to 18 Oct 2021₹8.8 crore
  • The Catholic Syrian Bank Liimited17 Jun 2008 to 19 Nov 2008₹1 crore
  • Union Bank of India6 Mar 2008 to 14 Feb 2011₹2 crore
  • Union Bank of India31 May 2007 to 14 Feb 2011₹50 lakh
  • Union Bank of India22 Jan 2007 to 25 Aug 2014₹8.25 crore
  • Union Bank of India5 May 2004 to 17 Feb 2014₹93 lakh
  • Union Bank of India18 Feb 1997 to 25 Aug 2014₹65 lakh
  • Tamilnad Mercantile Bank Ltd.11 Aug 1995 to 18 Mar 1996₹45 lakh

What its filings add

Salona Cotspin files these with the registrar. Entiva fetches and reads them for you.

  • Every year · AOC-4

    Revenue, profit and the balance sheet

    Its financial statements, year by year.

  • Every year · MGT-7

    Who owns it

    Its shareholders, and how much each one owns.

  • Each loan · CHG-1

    Each loan in detail

    The terms, and which assets back each loan.

  • ChatGPT · Claude

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The details on this page come from public records, including MCA's register of companies as Entiva read it on . Things may have changed since. A loan amount is the most the lender can claim against the company's assets, not what is still owed.