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KANDAGIRI SPINNING MILLS LIMITED was incorporated on 05-05-1976 by Sarvashri. S.P.Ratnam, S.P.Sambandam, S.P. Rajendran and K.R. Manicka Mudaliar who had been doyers in Textile Business at Salem. Due to their strenuous efforts over decades, the company has flowered into a major industrial concern presently boasting of a total spindles in all two units are 54,428.

The Company manufactures 100% Cotton Yarn, BCI Yarn, Organic Yarn on Carded and Combed as single, Double, TFO, Weaving and knitting yarn. The company also manufactures value added products viz High Twist, Gassed and Mercerized compact yarn and Slub yarn. The company manufactures special yarn like Poly cotton yarn and Bamboo yarn. Count Range Ne 16's to 80's and Ne 2/16's to 2/80's.

Company made a public issue of 11,36,500 equity shares of Rs.10/- each at a premium of Rs.40/- per share aggregating to Rs.568.25 lakhs in the year 1995. The issue was over subscribed and the shares were fully allotted. At present the paid up capital of the Company is Rs.3,84,92,500 against the Authorised Capital of Rs.5 crores. The Company's shares are listed in the Bombay Stock Exchange.

The Company presently is headed by the Promoter Directors viz., Sri. S. Devarajan, Non-Executive Director, S/o. Sri. S. P. Sambandam and Managing Director Sri. R. Selvarajan, S/o. Sri. S.P. Ratnam and Chief Financial Officer Sri. S. Vijay Shankar, son of Sri. R. Selvarajan. Management group has four decades of rich experience in the field of textiles and they are very much involved in running the Company successfully with a closely knit team of qualified, youthful and skilful team of technical and other managers and workforce. Importance is given to adherence to quality systems and schedules. Customer requirements awareness is indicated to the good root level workers.

The Company has two Independent Directors, viz. CS S. Gnanashekaran, Practising Company Secretary, Tiruchengode as Chairman–Non-Executive Independent Director and CA S. Elangovan, Practicing Chartered Accountant, Salem as Non-Executive Independent Director. These two independent Directors are in the Audit Committee of the Company which reviews and recommends all financial proposals, quarterly and annual accounts before submission to the Board of Directors of the Company. Present strength of the Board is Five Directors.

As stated earlier, Kandagiri Spinning Mills Limited is a significant member of the Sambandam Group of Companies. It strives for excellence in every sphere of its activities. Quality, best services, customer friendly and steady development are its policies. The Company is committed to Corporate Governance in fulfilling its quest for achieving significant growth with profits.

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