MSME (Udyam registered) Ministry of MSME
- Category
- Small (2022-23)
- Udyam number
- UDYAM-KL-02-0000198
Akay Spices Private Limited - food and beverages in Kizhakkambalam, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹74.61 Cr
▲ 3% YoY
Net profit · FY 2023
₹5.72 Cr
Net margin 7.7%
EBITDA · FY 2023
₹8.39 Cr
EBITDA margin 11.3%
Authorised capital
₹24 Cr
Registered with MCA
Paid-up capital
₹24 Cr
Issued & subscribed
Satisfied charges
₹41.72 Cr
No open charges
Company age
14 yrs
Est. 2012
Employees · EPFO
63
Provident fund records
About Akay Spices Private Limited
Data last updated:
Akay Spices Private Limited is a private limited company based in Kizhakkambalam, Kerala, India, a subsidiary of Akay Natural Ingredients Private Limited. It operates in the spice manufacturing and distribution segment of the food and beverages sector. It was incorporated on 19 October 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U15495KL2012PTC032448. Its GSTIN is 32AALCA0409K1ZY (Kerala). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹24 Cr and a paid-up capital of ₹24 Cr. It is led by directors including Anandarajan Shibu and Emmanuel Nambusseril Thomas.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No. V/ 315 A Ambunadu Malaidamthuruth P O, Kizhakkambalam, Kerala, India – 683561.
As per the financials filed for FY 2023, the company reported a revenue of ₹74.61 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹5.72 Cr (net margin 7.7%) and EBITDA of ₹8.39 Cr (EBITDA margin 11.3%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 8% over five years.
The company has about 63 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹41.72 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹6.59 Cr; the latest was in December 2022. The company has 8 MSME Form 1 returns on record between 2019 and 2024, listing 56 overdue payments to 20 micro and small suppliers.
Akay Spices Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-02-0000198). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website akay-group.com.
Company details
CIN U15495KL2012PTC032448
Registration Number 032448
Incorporation Date 19 October 2012
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 10 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Akay Natural Ingredients Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KL-02-0000198
Key People
Anandarajan Shibu Director Emmanuel Nambusseril Thomas Director Raj Villayil Manu Director Recognitions & Rankings of Akay Spices
Contact details
Akay Spices Private Limited's registered office is in Kizhakkambalam, Kerala. Its website is akay-group.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. V/ 315 A Ambunadu Malaidamthuruth P O, Kizhakkambalam, Kerala, India – 683561
- IndustryFood and Beverages, Spice Manufacturing & Distribution
To see the full contact details of Akay Spices Private Limited, buy the company report.
Comprehensive company report
Akay Spices 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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Financials of Akay Spices Private Limited
FY 2025 filings availableAkay Spices Private Limited reported revenue of ₹74.61 Cr (up 3% YoY) for FY 2023.
Revenue · FY 2023
₹74.61 Cr ▲ 3%
Net profit · FY 2023
₹5.72 Cr margin 7.7%
EBITDA · FY 2023
₹8.39 Cr margin 11.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 13%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 9%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 3% growth in the latest year. EBITDA rose 1% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹74.61 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹8.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.72 Cr | ||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.3% | ||||
| Net Profit Margin | 7.7% | ||||
| 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 Akay Spices Private Limited, buy the company report.
Board of directors of Akay Spices Private Limited
Akay Spices has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anandarajan Shibu Also directs: Akay Natural Ingredients Private Limited | Director | 06 May 2020 | 6 Years 5 Months | Current |
| Emmanuel Nambusseril Thomas Also directs: Akay Natural Ingredients Private Limited | Director | 21 Jul 2020 | 6 Years 3 Months | Current |
| Raj Villayil Manu Also directs: Akay Natural Ingredients Private Limited | Director | 30 Sep 2024 | 2 Years 0 Months | Current |
| Maliakel Balu Poulose | Director | 19 Oct 2012 | 14 Years 0 Months | Current |
Auditor
Akay Spices Private Limited is audited by KURUVILLA &JOSE for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KURUVILLA &JOSE | FY 2023 | 001628S |
Shareholding
The shareholding of Akay Spices Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Akay Spices Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹41.72 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Feb 2021 | 100426849 | Hdfc Bank Limited | ₹18 Cr | Satisfied | |
| 20 Feb 2014 | 10494445 | State Bank of India | ₹5 Cr | Satisfied | |
| 31 Jul 2013 | 10447744 | State Bank of Travancore | ₹18.72 Cr | Satisfied |
To see the full charge records of Akay Spices Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Akay Spices Private Limited has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹6.59 Cr; the latest was in December 2022.
Total deals
3
Rights issues
2
Funding round
1
Disclosed funding
₹6.59 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2022 | Rights issue | ₹16.46 Cr | Investors: Akay Natural Ingredients Private Limited |
| May 2014 | Rights issue | ₹85 Lakh | Investors: Akay Natural Ingredients Private Limited |
| Nov 2013 | Funding round | ₹6.59 Cr | Investors: Akay Natural Ingredients Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Akay Spices Private Limited has 1 court case on record: 1 filed by Akay Spices. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Civil suit | Filed by the company against Ms. Reico Industries Pvt. Ltd | Disposed |
To see the full case history of Akay Spices 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.
Credit ratings & regulatory alerts
Akay Spices Private Limited was last rated by Crisil on 11 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 11 Jun 2020 |
To see the full credit ratings and regulatory alerts of Akay Spices Private Limited, buy the company report.
MSME payment delays
Akay Spices Private Limited has 8 MSME Form 1 returns on record between 2019 and 2024, listing 56 overdue payments to 20 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 20)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Akay Natural Ingredients Private Limited | |||
| Pest Control Solutions | |||
| an individual supplier | |||
| an individual supplier | |||
| J N Freight Forwarders Private Limited |
To see the full MSME payment records of Akay Spices Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Akay Spices Private Limited has a workforce of 63 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
63
Active EPFO establishments
1
GST
Akay Spices has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AALCA0409K1ZY | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Akay Spices Private Limited, buy the company report.
Recent activity
Akay Spices Private Limited has 11 board changes on record since 2012: 4 appointments and 7 cessations. The latest: Maliakel Balu Poulose ceased to be Director on 30 Sep 2024.
AGM
Akay Spices Private Limited last Annual general meeting of members was held on 10 Sep 2025 as per latest MCA records.
Filing
Akay Spices Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ernakulam.
Ceased
Maliakel Balu Poulose ceased to be Director.
Appointed
Raj Villayil Manu was appointed as Director.
Ceased
Raj Villayil Manu ceased to be Additional Director.
Charges
A charge registered on 20 Feb 2014 via Charge ID 10494445 with State Bank Of India was fully satisfied on 06 Mar 2023.
Charges
A charge registered on 22 Feb 2021 via Charge ID 100426849 with Hdfc Bank Limited was fully satisfied on 27 Feb 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 18.00 Cr registered on 22 Feb 2021 with Charge ID 100426849 was modified on 25 Jun 2021.
Charges
A charge with State Bank Of India of Rs. 5.00 Cr registered on 20 Feb 2014 with Charge ID 10494445 was modified on 06 Mar 2021.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 18.00 Cr with Charge ID 100426849 was registered on 22 Feb 2021.
Ceased
Anandarajan Shibu ceased to be Additional Director.
Ceased
Emmanuel Nambusseril Thomas ceased to be Additional Director.
10 earlier events are in the company report.
News
Frequently asked questions
Akay Spices is an active private limited company based in Kizhakkambalam, Kerala, India. The company works in spice manufacturing and distribution, within the food and beverages industry. It was incorporated on 19 October 2012 (14+ years old) and is registered under CIN U15495KL2012PTC032448.
Akay Spices has 4 current directors:
- Anandarajan Shibu - Director
- Emmanuel Nambusseril Thomas - Director
- Raj Villayil Manu - Director
- Maliakel Balu Poulose - Director
The latest financial statements of Akay Spices on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Akay Spices is 32AALCA0409K1ZY, registered in Kerala. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Akay Spices is U15495KL2012PTC032448. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akay Spices has 1 court case on record: 1 filed by the company.
Akay Spices was incorporated on 19 October 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ernakulam.
Akay Spices has 3 deals on record (2 rights issues, 1 funding round), with disclosed funding of ₹6.59 Cr; the latest was in December 2022.
Maliakel Balu Poulose ceased to be Director on 30 Sep 2024. Raj Villayil Manu was appointed as Director on 30 Sep 2024. Raj Villayil Manu ceased to be Additional Director on 30 Sep 2024. Akay Spices has 11 board changes on record in total.
Yes, Akay Spices is registered as a small enterprise under Udyam registration (number: UDYAM-KL-02-0000198).
Akay Spices has 8 MSME Form 1 returns on record between 2019 and 2024, listing 56 overdue payments to 20 micro and small suppliers. The latest return was filed on 23 Apr 2024.