About SPIG
SPIG is a company based in San Diego (United States) founded in 1936, and was acquired by Babcock & Wilcox in May 2016. Limited information available. SPIG has raised $36.92 million across 2 funding rounds from investors including Babcock & Wilcox, European Union and Ambienta. The company has 3 employees. Its Indian entity Spig Cooling Towers India Private Limited reported revenue of ₹57.6 Lakh. SPIG offers products and services including Wet Cooling Towers and Flue Gas Treatment.
Company details
SPIG, based in San Diego, United States, focuses on limited information available. Limited information available. The company prioritizes operational excellence and customer-centric approaches. It continues to evolve, meeting industry challenges with strategic approaches and commitment to quality.
- Headquarters San Diego, United States
- Employees 3
- Stage Acquired
- Website spig-int.com
- Social LinkedIn
- Acquired by Babcock & Wilcox (May 2016)
- Legal Name Spig Cooling Towers India Private Limited
- Date of Incorporation 17 Jan, 2008
- Jurisdiction Mumbai, Maharashtra, India
- Indian entity revenue₹57.6 Lakh
FY 2025 · -80% YoY
- Indian entity net loss-₹1.67 Cr
FY 2025 · -290% margin
- Indian entity EBITDA-₹1.65 Cr
FY 2025 · -286% margin
- Total Equity Funding$36.92M (USD)
in 2 rounds
- Latest Funding Round$1.43M (USD), Grant
Mar 2016
- InvestorsBabcock & Wilcox
& 2 more
- Employee Count3
- Acquired byBabcock & Wilcox
(May 2016)
Associated legal entities of SPIG
SPIG operates through Spig Cooling Towers India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Spig Cooling Towers India Private Limited CIN U29191MH2008FTC177878 | Active | 17 Jan 2008 | Mumbai, Maharashtra | ₹0.6 Cr | 3 | 2 | View details |
Products & Services of SPIG
SPIG offers a comprehensive portfolio of products and services, including Wet Cooling Towers and Flue Gas Treatment.
Wet cooling towers are designed and supplied for mechanical and natural draft applications to ensure safe operation and energy efficiency in various industrial settings
Flue gas treatment solutions are provided for removing pollutants like dust and dioxins, utilizing proven technologies such as wet scrubbers and electrostatic precipitators
Funding Insights of SPIG
SPIG has successfully raised a total of $36.92M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $1.43 million completed in March 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $36.92M
- Total Rounds 2
- Last Round Grant — $1.43M
- First Round $36.92M
(Jun 2010)
- Investors Count 2
All 2 funding rounds of SPIG with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar 2016 | $1.43M | Grant | – | – | |
| Jun 2010 | $36.92M | Private Equity Round | – | – |
3 investors in total: 3 institutional.
Investors in SPIG
SPIG has secured backing from 3 investors, including institutional and venture fund investors. Prominent investors backing the company include Babcock & Wilcox, European Union and Ambienta.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Ambienta is focused on sustainable investments across asset classes. | 2007 | ambientasgr.com | Milan, Italy | |
Government entites focused on freedom, democracy, equality and the rule of law, promoting peace and stability | 1958 | europa.eu | Brussels, Belgium | |
Provider of energy and environmental technology services | 1867 | babcock.com | United States |
Investor details for SPIG
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Spig Cooling Towers India Private Limited (SPIG)
Spig Cooling Towers India Private Limited is the primary company behind SPIG. The board of Spig Cooling Towers India Private Limited currently have 2 directors; the longest-serving is Alberto Galantini, appointed in 2019. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Alberto Galantini DIN 08602897 | Additional Director | 04 Nov 2019 | 7 yrs | Spig Cooling Towers India Private Limited |
| Xerxes Vispi Dastur DIN 07130999 | Additional Director | 04 Apr 2022 | 4 yrs 7 mo | Spig Cooling Towers India Private Limited |
People of SPIG
1 people are tracked at SPIG (1 in leadership); the tracked headcount is 3.
| Name | Role | Group |
|---|---|---|
| Managing Director | Leadership |
Complete people profiles for SPIG
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of SPIG
Figures of Spig Cooling Towers India Private Limited, the primary company behind SPIG, for FY 2025. Revenue was ₹57.6 Lakh (-80% year on year). Net loss was -₹1.67 Cr (-290% margin). EBITDA was -₹1.65 Cr (-286% margin). Revenue has grown at a compounded annual rate of -11% over three years and -37% over five years.
- ₹57.6 LakhRevenue · FY 2025 · -80% YoY
- -₹1.67 CrNet loss · -290% margin
- -₹1.65 CrEBITDA · -286% margin
- ₹31.28 CrPaid-up capital
- 3Employees (provident fund records)
- -11%Revenue CAGR, 3 years
- -37%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Spig Cooling Towers India Private Limited are on its company page.
Detailed financial statements for SPIG
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of SPIG
4 dated milestones of SPIG across 80 years, from founding to its latest funding, stage changes and deals.
- Founded SPIG is founded.
- Funding First funding round of $36.9M.
- Funding Latest funding round, Grant, of $1.4M.
- Exit Acquired by Babcock & Wilcox.
Web traffic of SPIG
Websites that share an audience with SPIG (spig-int.com).
Websites whose visitors overlap most with SPIG. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| cooling-towers.net | 100% | #5,171,666 | View details | ||
ictower.com | ictower.com | 99% | – |
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Frequently Asked Questions about SPIG
SPIG was founded in 1936 and raised its 1st funding round 74 years after it was founded.
SPIG is headquartered in San Diego, United States. It is registered at San Diego, California, United States.
SPIG is a funded company, having raised a total of $36.92M across 2 funding rounds to date. The company's 1st funding round was a Private Equity Round of $36.92M, raised on Jun 2010.
SPIG has 3 employees.
The primary company behind SPIG, Spig Cooling Towers India Private Limited, reported revenue of ₹57.6 Lakh for FY 2025, down 80% year on year.
SPIG, based in San Diego, United States, focuses on limited information available. Limited information available. The company prioritizes operational excellence and customer-centric approaches. It continues to evolve, meeting industry challenges with strategic approaches and commitment to quality.
SPIG offers Wet Cooling Towers and Flue Gas Treatment.
SPIG has 3 investors. Key investors include Babcock & Wilcox, European Union, and Ambienta.
SPIG operates through Spig Cooling Towers India Private Limited.
Yes. SPIG was acquired by Babcock & Wilcox in May 2016.
The legal entities of SPIG currently have 2 directors, including Alberto Galantini, Xerxes Vispi Dastur.