MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-20-0061931
Adico Spares Private Limited - automotive in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹3.79 Cr
▲ 2% YoY
Net profit · FY 2026
₹1.79 Lakh
Net margin 0.5%
EBITDA · FY 2026
₹21.33 Lakh
EBITDA margin 5.6%
Authorised capital
₹75 Lakh
Registered with MCA
Paid-up capital
₹75 Lakh
Issued & subscribed
Open charges
₹1.2 Cr
Satisfied ₹11.86 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
12
Provident fund records
About Adico Spares Private Limited
Data last updated:
Adico Spares Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 12 February 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29224GJ1996PTC028793. Its GSTIN is 24AAECA8856B1ZU (Gujarat). The company holds 16 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹75 Lakh. It is led by directors Sureshkumar Keshavjibhai Santoki and Chandubhai Keshavjibhai Santoki.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Rajkot, Gujarat.
As per the financials filed for FY 2026, the company reported a revenue of ₹3.79 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹1.79 Lakh (net margin 0.5%) and EBITDA of ₹21.33 Lakh (EBITDA margin 5.6%). Revenue has declined at a compounded annual rate (CAGR) of 32% over three years and 21% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Adico International. As per MCA filings, the company has open charges of ₹1.2 Cr and satisfied charges of ₹11.86 Cr on record. Court records list 22 cases involving the company, including 10 filed by the company and 12 filed against it; 3 cases are pending. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2 Cr; the latest was in December 2017.
Adico Spares Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0061931). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website adicogroup.com.
Company details
CIN U29224GJ1996PTC028793
Registration Number 028793
Incorporation Date 12 February 1996
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-20-0061931
Recognitions & Rankings of Adico Spares
Contact details
Adico Spares Private Limited's registered office is in Rajkot, Gujarat. Its website is adicogroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressBhaktinagar Station Plot, Shed No. E – 3 GIDC, Rajkot, Gujarat, India – 360002
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Adico Spares Private Limited, buy the company report.
Comprehensive company report
Adico Spares Private Limited - one report that includes everything
- 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
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Brands
Adico Spares operates one associated brand: Adico International. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Produces high-quality diesel engines, automotive components, and bearings. | adicogroup.com |
Business activity
The main business activity of Adico Spares is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale and retail trade and repair of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 45 | Wholesale and retail trade and repair of motor vehicles and motorcycles |
To see the full business activity and turnover split of Adico Spares Private Limited, buy the company report.
Financials of Adico Spares Private Limited
FY 2026 filings availableAdico Spares Private Limited reported revenue of ₹3.79 Cr (up 2% YoY) for FY 2026.
Revenue · FY 2026
₹3.79 Cr ▲ 2%
Net profit · FY 2026
₹1.79 Lakh margin 0.5%
EBITDA · FY 2026
₹21.33 Lakh margin 5.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▼ 32%
5 years · compounded
▼ 21%
EBITDA CAGR growth
1 year
▲ 108%
5 years · compounded
▼ 30%
Revenue rose 2% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 21%. EBITDA rose 108% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹3.79 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹21.33 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.79 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.6% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Adico Spares Private Limited, buy the company report.
Board of directors of Adico Spares Private Limited
Adico Spares has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sureshkumar Keshavjibhai Santoki Also directs: K. Santoki & Sons Marketing LLP, Amul Crankcase Private Limited, Adico Escorts Agri Equipments Private Limited and 4 more | Director | 12 Feb 1996 | 30 Years 8 Months | Current |
| Chandubhai Keshavjibhai Santoki Also directs: K. Santoki & Sons Marketing LLP, Adico Escorts Agri Equipments Private Limited, Amul Auto Components Private Limited and 1 more | Director | 12 Feb 1996 | 30 Years 8 Months | Current |
Auditor
Adico Spares Private Limited is audited by DHOLAKIA & CO. for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DHOLAKIA & CO. | FY 2026 | 102515W |
Shareholding
The shareholding of Adico Spares Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Adico Spares Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.2 Cr
Satisfied charges
₹11.86 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Dec 2018 | 100228262 | Others | ₹3.46 Cr | Satisfied | |
| 30 Sep 2018 | 100228259 | Others | ₹1.2 Cr | Satisfied | |
| 27 Jun 2006 | 10009776 | State Bank of India | ₹4.4 Cr | Satisfied | |
| 27 Oct 2005 | 80059357 | State Bank of Saurashtra | ₹2 Cr | Satisfied | |
| 04 Jul 1996 | 90104649 | State Bank of Saurashtra | ₹50 Lakh | Satisfied |
To see the full charge records of Adico Spares Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Adico Spares Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2 Cr; the latest was in December 2017.
Total deals
5
Secondary share transfers
3
Funding rounds
2
Disclosed funding
₹2 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 3 individuals |
| May 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2012 | Funding round | ₹1 Cr | Investors: 4 individuals |
| Aug 2007 | Funding round | ₹1 Cr | Investors: 4 individuals |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Adico Spares Private Limited has 22 court cases on record: 10 filed by Adico Spares, 12 filed against it. 3 cases are pending and 19 are disposed.
Total cases
22
Filed by the company
10
Filed against the company
12
Pending
3
Disposed
19
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 10 | 3 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Secu. Case) | Filed against the company by CFM Asset Reconstruction Private Limited Through Mahendra Shivaji Dewade | Pending |
| District court, East, Delhi | Interim or miscellaneous application | Filed against the company by CFM Asset Reconstruction Pvt. Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by Idfc First Bank Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Idfc First Bank Ltd | Disposed |
| District court, Khurda, Odisha | Court case (I . c. c) | Filed by the company against Maa Pendrani Agro Machinery and Another | Pending |
To see the full case history of Adico Spares 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 Adico Spares Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Adico Spares Private Limited has a workforce of 12 employees on its EPFO records as of Apr 10, 2024, across 1 active EPFO establishment.
Employee count
12
Active EPFO establishments
1
Employee growth
-14.29%
GST
Adico Spares has 16 GST registrations: 4 active and 12 cancelled or inactive.
Total GSTINs
16
Active
4
Cancelled / inactive
12
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECA8856B1ZU | Gujarat | Active | 01 Jul 2017 |
| 19AAECA8856B1ZL | West Bengal | Active | 01 Jul 2017 |
| 20AAECA8856B1Z2 | Jharkhand | Active | 01 Jul 2017 |
| 29AAECA8856B1ZK | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Adico Spares Private Limited, buy the company report.
Recent activity
Adico Spares Private Limited has 5 board changes on record since 1996: 2 appointments and 3 cessations. The latest: Deepakkumar Nanjibhai Santoki ceased to be Director on 06 Oct 2025.
Filing
Adico Spares Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Ceased
Deepakkumar Nanjibhai Santoki ceased to be Director.
Ceased
Girdharlal Veljibhai Santoki ceased to be Director.
AGM
Adico Spares Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge registered on 06 Dec 2018 via Charge ID 100228262 with Others was fully satisfied on 05 Apr 2025.
Charges
A charge registered on 30 Sep 2018 via Charge ID 100228259 with Others was fully satisfied on 29 Mar 2025.
Charges
A charge with Others of Rs. 120.30 Lakh registered on 30 Sep 2018 with Charge ID 100228259 was modified on 02 May 2023.
Charges
A charge with Others of Rs. 345.50 Lakh registered on 06 Dec 2018 with Charge ID 100228262 was modified on 17 Aug 2020.
Charges
A charge with Others amounted to Rs. 345.50 Lakh with Charge ID 100228262 was registered on 06 Dec 2018.
Charges
A charge registered on 27 Jun 2006 via Charge ID 10009776 with State Bank Of India was fully satisfied on 26 Oct 2018.
Charges
A charge with Others amounted to Rs. 120.30 Lakh with Charge ID 100228259 was registered on 30 Sep 2018.
Charges
A charge registered on 27 Oct 2005 via Charge ID 80059357 with State Bank Of Saurashtra was fully satisfied on 29 Sep 2017.
13 earlier events are in the company report.
Frequently asked questions
Adico Spares is an active private limited company based in Rajkot, Gujarat, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 12 February 1996 (30+ years old) and is registered under CIN U29224GJ1996PTC028793.
Adico Spares has 2 current directors:
- Sureshkumar Keshavjibhai Santoki - Director
- Chandubhai Keshavjibhai Santoki - Director
The latest financial statements of Adico Spares on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Adico Spares is 24AAECA8856B1ZU, registered in Gujarat. The company has 16 GST registrations in all, of which 4 are active and 12 are cancelled or inactive. Other active GSTINs include 19AAECA8856B1ZL (West Bengal), 20AAECA8856B1Z2 (Jharkhand), 29AAECA8856B1ZK (Karnataka).
The CIN (Corporate Identification Number) of Adico Spares is U29224GJ1996PTC028793. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adico Spares has 22 court cases on record: 10 filed by the company and 12 filed against it. 3 are pending. Most are in the district courts.
Adico Spares was incorporated on 12 February 1996, making it 30+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Adico Spares has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹2 Cr; the latest was in December 2017.
Deepakkumar Nanjibhai Santoki ceased to be Director on 06 Oct 2025. Girdharlal Veljibhai Santoki ceased to be Director on 06 Oct 2025. Nanjibhai Naranbhai Santoki ceased to be Director on 29 Sep 2017. Adico Spares has 5 board changes on record in total.
Yes, Adico Spares is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-20-0061931).
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