About Salice India Private Limited
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Salice India Private Limited is a foreign private limited company based in Thane, Maharashtra, India, a subsidiary of Arturo Salice Spa. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 29 September 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36990MH2020FTC346922. Its GSTIN is 27ABECS5517J1Z3 (Maharashtra).
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It is led by directors Andrea Marcellan and Vivek Kumar Modi.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Thane, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.42 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹7.56 Lakh (net margin 0.3%) and EBITDA of ₹33.77 Lakh (EBITDA margin 1.5%). Revenue has grown at a compounded annual rate (CAGR) of 802% over three years.
The company has about 16 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Salice.
For more details, the company can be reached via its website salice.com.
Company details
Contact details
Salice India Private Limited's registered office is in Thane, Maharashtra. Its website is salice.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1001&1002 10 Flr Centrum Plot C3 Opp Wagle Prabhag Samiti Office MIDC Area Wagle Industri, Al Estate, Thane, Maharashtra, India – 400604
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
To see the full contact details of Salice India Private Limited, buy the company report.
- 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
Brands
Salice India operates one associated brand: Salice. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Wardrobe and door system services are provided internationally. | salice.com |
Business activity
The main business activity of Salice India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Salice India Private Limited, buy the company report.
Financials of Salice India Private Limited
FY 2024 filings availableSalice India Private Limited reported revenue of ₹22.42 Cr (up 26% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 802% over three years, including 26% growth in the latest year. EBITDA fell 87% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹22.42 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹33.77 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹7.56 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 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 1.5% | |||
| Net Profit Margin | 0.3% | |||
| 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 Salice India Private Limited, buy the company report.
Board of directors of Salice India Private Limited
Salice India has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Andrea Marcellan | Director | 16 Aug 2023 | 3 Years 2 Months | Current |
| Vivek Kumar Modi | Director | 22 Jul 2024 | 2 Years 3 Months | Current |
Auditor
Salice India Private Limited is audited by A T M S & CO LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A T M S & CO LLP | FY 2024 | W100164 |
Shareholding
The shareholding of Salice India Private Limited is on record for 4 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Salice India Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Salice India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Salice India Private Limited has 6 MSME Form 1 returns on record between 2021 and 2024, listing 23 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Shalom Enterprises | |||
| an individual supplier | |||
| Exzone Logistics | |||
| Panther Nails Technologies Private Limited |
To see the full MSME payment records of Salice India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Salice India Private Limited has a workforce of 16 employees on its EPFO records as of Apr 04, 2024, across 1 active EPFO establishment.
GST
Salice India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABECS5517J1Z3 | Maharashtra | Active | 09 Nov 2020 |
To see the full GST registrations and return filing status of Salice India Private Limited, buy the company report.
Recent activity
Salice India Private Limited has 5 board changes on record since 2023: 2 appointments and 3 cessations. The latest: Jameer Daulat Patel ceased to be Director on 23 Jul 2024.
Frequently asked questions
Salice India is an active foreign private limited company based in Thane, Maharashtra, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 29 September 2020 (6+ years old) and is registered under CIN U36990MH2020FTC346922.
Salice India has 2 current directors:
- Andrea Marcellan - Director
- Vivek Kumar Modi - Director
The latest financial statements of Salice India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2024. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Salice India is 27ABECS5517J1Z3, registered in Maharashtra.
The CIN (Corporate Identification Number) of Salice India is U36990MH2020FTC346922. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Salice India was incorporated on 29 September 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Jameer Daulat Patel ceased to be Director on 23 Jul 2024. Vivek Kumar Modi was appointed as Director on 22 Jul 2024. Andrea Marcellan ceased to be Additional Director on 24 Sep 2023. Salice India has 5 board changes on record in total.
Salice India has 6 MSME Form 1 returns on record between 2021 and 2024, listing 23 overdue payments to 10 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Salice India can be reached through the website salice.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Salice India is at 1001&1002 10 Flr Centrum Plot C3 Opp Wagle Prabhag Samiti Office MIDC Area Wagle Industri, Al Estate, Thane, Maharashtra, India – 400604.
Salice India operates in the consumer electronics and durables industry, in the furniture manufacturing segment.
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