About Aspee Springs Limited.
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Aspee Springs Limited. is a public limited company based in New Delhi, Delhi, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 07 July 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U27109DL1981PLC011980. Its GSTIN is 02AAACA6173F1Z6 (Himachal Pradesh). The company holds 8 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.97 Cr. It was formerly known as Aspee Springs Private Limited. It is led by directors including Angad Singh Matharoo and Arvind Preet Singh Matharoo.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at A – 1/118 Second Floor Safdarjung Enclave Opposite Aashlok Hospital, New Delhi, Delhi, India – 110029.
As per the financials filed for FY 2025, the company reported a revenue of ₹123.37 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹10.04 Cr (net margin 8.1%) and EBITDA of ₹20.97 Cr (EBITDA margin 17%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 15% over five years.
The company has about 196 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ASPEE. As per MCA filings, the company has open charges of ₹133.69 Cr and satisfied charges of ₹71.66 Cr on record. Court records list 16 cases involving the company, including 4 filed by the company and 12 filed against it; 2 cases are pending. The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.25 Cr; the latest was in March 2019. The company has 5 MSME Form 1 returns on record between 2019 and 2024, listing 176 overdue payments to 27 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website aspeesprings.in.
Company details
Contact details
Aspee Springs Limited.'s registered office is in New Delhi, Delhi. Its website is aspeesprings.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 1/118 Second Floor Safdarjung Enclave Opposite Aashlok Hospital, New Delhi, Delhi, India – 110029
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Aspee Springs 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
Aspee Springs Limited operates one associated brand: ASPEE. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| aspeesprings.in |
Business activity
The main business activity of Aspee Springs Limited 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 Aspee Springs Limited., buy the company report.
Financials of Aspee Springs Limited.
FY 2024 filings availableAspee Springs Limited. reported revenue of ₹123.37 Cr (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 7% growth in the latest year. EBITDA rose 29% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹20.97 Cr | ||||
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| Net Profit (PAT) | ₹10.04 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 17% | ||||
| Net Profit Margin | 8.1% | ||||
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To see the full financial statements and ratios of Aspee Springs Limited., buy the company report.
Board of directors of Aspee Springs Limited.
Aspee Springs Limited has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Angad Singh Matharoo Also directs: Aspee Fastners Private Limited, DHR Infrastructure Private Limited, Aspee Precision Components Private Limited and 2 more | Director | 10 Nov 2008 | 17 Years 11 Months | Current |
| Arvind Preet Singh Matharoo Also directs: Aum Shri Hotels & Resorts LLP, Aspee Fastners Private Limited, DHR Infrastructure Private Limited and 2 more | Director | 07 Jul 1981 | 45 Years 3 Months | Current |
| Shefali Raj | Director | 05 Apr 2024 | 2 Years 6 Months | Current |
| Jaswinder Kaur | Director | 08 Dec 2017 | 8 Years 10 Months | Current |
| Sanjeev Bhatia Also directs: Matangi Rubber Limited | Additional Director | 20 Nov 2024 | 1 Years 11 Months | Current |
Auditor
Aspee Springs Limited. is audited by Sunil Arora & Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sunil Arora & Associates | FY 2022 | 004255N |
Shareholding
The shareholding of Aspee Springs 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 Aspee Springs Limited., buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 May 2025 | 101104491 | Hdfc Bank Limited | ₹70 Cr | Open | |
| 07 Dec 2024 | 101017091 | Hdfc Bank Limited | ₹9 Cr | Open | |
| 12 Aug 2024 | 100958723 | Axis Bank Limited | ₹12.5 Cr | Open | |
| 18 Aug 2020 | 100394669 | Hdfc Bank Limited | ₹2.88 Cr | Open | |
| 21 Jan 2019 | 100237462 | Others | ₹4 Cr | Open |
To see the full charge records of Aspee Springs Limited., buy the company report.
Total charge records: 32 View all charges
Deals & funding
Aspee Springs Limited. has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.25 Cr; the latest was in March 2019.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Matharoo HUF, 2 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: SPS Matharoo HUF, 3 individuals |
| Mar 2015 | Funding round | ₹50 Lakh | Investors: an individual |
| Mar 2013 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 3 individuals |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
To see the full deal history of Aspee Springs Limited., buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Aspee Springs Limited. has 16 court cases on record: 4 filed by Aspee Springs Limited, 12 filed against it. 2 cases are pending and 14 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 0 |
| High courts | 4 | 0 | 2 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Appeal | Filed by the company against Checkmate Services Pvt. Ltd. | Pending |
| District court, SAS Nagar, Punjab | Civil suit | Filed against the company by Ms Checkmate Services Pvt Ltd | Disposed |
| High Court, CHANDIGARH (UT) | Revision petition | Filed by the company against M/S Checkmate Services Pvt. Ltd. | Disposed |
| High Court, HIMACHAL PRADESH | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| District court, Solan, Himachal Pradesh | Court case (Motor Vehc Act) | Filed against the company by State of HP | Disposed |
To see the full case history of Aspee Springs 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
Aspee Springs Limited. has 5 MSME Form 1 returns on record between 2019 and 2024, listing 176 overdue payments to 27 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 27)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Thiese Precision Private Limited | |||
| Stelco Limited | |||
| Maharashtra Fastners Private Limited | |||
| Corrodyne Coatings Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Aspee Springs Limited., buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Aspee Springs Limited. has a workforce of 196 employees on its EPFO records as of Apr 01, 2024, across 5 active EPFO establishments.
GST
Aspee Springs Limited has 8 GST registrations: 4 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AAACA6173F1Z6 | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAACA6173F1Z4 | Punjab | Active | 01 Jul 2017 |
| 27AAACA6173F1ZU | Maharashtra | Active | 01 Jul 2017 |
| 06AAACA6173F2ZX | Haryana | Active | 28 Mar 2018 |
To see the full GST registrations and return filing status of Aspee Springs Limited., buy the company report.
Recent activity
Aspee Springs Limited. has 11 board changes on record since 1981: 5 appointments and 6 cessations. The latest: Sanjeev Bhatia was appointed as Additional Director on 20 Nov 2024.
69 earlier events are in the company report.
Frequently asked questions
Aspee Springs Limited is an active public limited company based in New Delhi, Delhi, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 07 July 1981 (45+ years old) and is registered under CIN U27109DL1981PLC011980.
Aspee Springs Limited has 5 current directors:
- Angad Singh Matharoo - Director
- Arvind Preet Singh Matharoo - Director
- Shefali Raj - Director
- Jaswinder Kaur - Director
- Sanjeev Bhatia - Additional Director
The latest financial statements of Aspee Springs Limited on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Aspee Springs Limited is 02AAACA6173F1Z6, registered in Himachal Pradesh. The company has 8 GST registrations in all, of which 4 are active and 4 are cancelled or inactive. Other active GSTINs include 03AAACA6173F1Z4 (Punjab), 27AAACA6173F1ZU (Maharashtra), 06AAACA6173F2ZX (Haryana).
The CIN (Corporate Identification Number) of Aspee Springs Limited is U27109DL1981PLC011980. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aspee Springs Limited has 16 court cases on record: 4 filed by the company and 12 filed against it. 2 are pending. Most are in the district courts.
Aspee Springs Limited was incorporated on 07 July 1981, making it 45+ years old. It is registered with the Registrar of Companies, Delhi.
Aspee Springs Limited has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.25 Cr; the latest was in March 2019.
Sanjeev Bhatia was appointed as Additional Director on 20 Nov 2024. Shitij Sharma ceased to be Director on 15 Nov 2024. Shefali Raj was appointed as Director on 05 Apr 2024. Aspee Springs Limited has 11 board changes on record in total.
Aspee Springs Limited has 5 MSME Form 1 returns on record between 2019 and 2024, listing 176 overdue payments to 27 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Aspee Springs Limited can be reached through the website aspeesprings.in. Its registered office is in New Delhi, Delhi, India.