About Spadeworks Sourcing Private Limited
Data last updated:
Spadeworks Sourcing Private Limited was a private limited company based in Chennai, Tamil Nadu, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the textile and fabric production segment of the manufacturing sector. It was incorporated on 14 December 2006.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U18101TN2006PTC061740. Its GSTIN is 33AAKCS4764N2ZQ (Tamil Nadu). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was led by directors Rajeev Krishnan Radhakrishnan (Managing Director) and Supriya Anand Kharat.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Chennai, Tamil Nadu.
As per the financials filed for FY 2023, the company reported a revenue of ₹12.9 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹35.52 Lakh (net margin 2.8%) and EBITDA of ₹54.39 Lakh (EBITDA margin 4.2%). Revenue has grown at a compounded annual rate (CAGR) of 71% over three years and 62% over five years.
Court records list 3 cases involving the company, including 3 filed by the company.
The last known website on record is spadeworks.net.
Company details
Contact details
Spadeworks Sourcing Private Limited's registered office is in Chennai, Tamil Nadu. Its website is spadeworks.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address6A First Floor Second Street, Subba Rao Avenue Nungambakkam, Chennai, Tamil Nadu, India – 600006
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Spadeworks Sourcing 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
Business activity
The main business activity of Spadeworks Sourcing is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Spadeworks Sourcing Private Limited, buy the company report.
Financials of Spadeworks Sourcing Private Limited
FY 2023 filings availableSpadeworks Sourcing Private Limited reported revenue of ₹12.9 Cr (up 375% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 62% over five years, including 375% growth in the latest year. EBITDA rose 5% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹54.39 Lakh | ||||
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| Net Profit (PAT) | ₹35.52 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 4.2% | ||||
| Net Profit Margin | 2.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Spadeworks Sourcing Private Limited, buy the company report.
Board of directors of Spadeworks Sourcing Private Limited
Spadeworks Sourcing 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 |
|---|---|---|---|---|
| Supriya Anand Kharat | Director | 05 Apr 2022 | 4 Years 6 Months | As last reported |
| Rajeev Krishnan Radhakrishnan Also directs: Fresh Sourcing LLP, Spadeworks Sourcing LLP, Playfiks Softwares Private Limited and 1 more | Managing Director | 14 Dec 2006 | 19 Years 10 Months | As last reported |
Peer comparison
Spadeworks Sourcing Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bherawa Textile Industries Private Limited | ₹12.91 Cr (FY 2025) | 19.0% | Pali, Rajasthan, India | |||
| Rajasthan Texfabs Limited | ₹12.9 Cr (FY 2025) | 5367.0% | Alwar, Rajasthan, India | |||
| Spadeworks Sourcing Private Limitedthis company | ₹12.9 Cr (FY 2023) | ₹35.52 Lakh | 2.8% | 375.0% | Chennai, Tamil Nadu, India | |
| Napasar Polymer Private Limited | ₹12.89 Cr (FY 2024) | 0.0% | Kolkata, West Bengal, India | |||
| Goldstar Fabrics Private Limited | ₹12.89 Cr (FY 2024) | -4.0% | Ludhiana, Punjab, India |
To see the full peer comparison of Spadeworks Sourcing Private Limited, buy the company report.
Auditor
Spadeworks Sourcing Private Limited is audited by H S A & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H S A & ASSOCIATES | FY 2022 | 013695S |
Shareholding
The shareholding of Spadeworks Sourcing Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Spadeworks Sourcing Private Limited, buy the company report.
Legal cases
Spadeworks Sourcing Private Limited has 3 court cases on record: 3 filed by Spadeworks Sourcing. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Writ petition | Filed by the company against Additional Commissioner of Labour and 2 others | Disposed |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed by the company against Additional Commissioner of Labour and 1 other | Disposed |
| District court, Chengalpattu, Tamil Nadu | Civil suit | Filed by the company against an individual | Disposed |
To see the full case history of Spadeworks Sourcing Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Spadeworks Sourcing Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Spadeworks Sourcing has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAKCS4764N2ZQ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spadeworks Sourcing Private Limited, buy the company report.
Recent activity
Spadeworks Sourcing Private Limited has 5 board changes on record since 2006: 2 appointments and 3 cessations. The latest: Supriya Anand Kharat ceased to be Additional Director on 30 Sep 2022.
Frequently asked questions
Spadeworks Sourcing has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Spadeworks Sourcing was a private limited company based in Chennai, Tamil Nadu, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 14 December 2006 and is registered under CIN U18101TN2006PTC061740. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Spadeworks Sourcing is U18101TN2006PTC061740. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spadeworks Sourcing had 2 directors:
- Rajeev Krishnan Radhakrishnan - Managing Director
- Supriya Anand Kharat - Director
Spadeworks Sourcing was incorporated on 14 December 2006. It is registered with the Registrar of Companies, Chennai.
Spadeworks Sourcing can be reached through the website spadeworks.net. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Spadeworks Sourcing is at 6A First Floor Second Street, Subba Rao Avenue Nungambakkam, Chennai, Tamil Nadu, India – 600006.
The latest financial statements of Spadeworks Sourcing on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Spadeworks Sourcing is 33AAKCS4764N2ZQ, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Spadeworks Sourcing operated in the manufacturing industry, in the textile and fabric production segment.
The peers of Spadeworks Sourcing by revenue are Bherawa Textile Industries Private Limited, Rajasthan Texfabs Limited, Napasar Polymer Private Limited, Goldstar Fabrics Private Limited, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).