Cholas Spices Private Limited
About Cholas Spices Private Limited
Data last updated:
Cholas Spices Private Limited is a private limited company based in Wynad, Kerala, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 12 August 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U51225KL1999PTC013218. Its GSTIN is 32AABCC5621P1ZO (Kerala).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1 Cr. It is led by directors Cholayil Kuriakose Saji (Managing Director) and Cholayil Salu Kuriakose.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Door No Mp/VII/24 Meenangadi Pullumala, Wynad, Kerala, India – 673591.
As per the financials filed for FY 2025, the company reported a revenue of ₹79.24 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net loss of ₹7.71 Cr (net margin -9.7%) and EBITDA of -₹7.12 Cr (EBITDA margin -9%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 20% over five years.
As per MCA filings, the company has open charges of ₹22.53 Cr and satisfied charges of ₹94.28 Cr on record. Court records list 4 cases involving the company, including 4 filed against it. The company has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹41 Lakh; the latest was in January 2020. Its 5 peer companies in the Agriculture industry (Agro Retail and Distribution, Spices), with the same principal business activity (wholesale trading) are compared by revenue, 3 larger and 2 smaller; the largest is Jai Krishna Agribiz Private Limited with revenue of ₹79.82 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Cholas Spices Private Limited's registered office is in Wynad, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressDoor No Mp/VII/24 Meenangadi Pullumala, Wynad, Kerala, India – 673591
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Cholas Spices 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 Cholas Spices 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 Cholas Spices Private Limited, buy the company report.
Financials of Cholas Spices Private Limited
FY 2025 filings availableCholas Spices Private Limited reported revenue of ₹79.24 Cr (down 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 20% over five years, including a 13% fall 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 | -₹7.12 Cr | ||||
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| Net Profit (PAT) | -₹7.71 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -9% | ||||
| Net Profit Margin | -9.7% | ||||
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To see the full financial statements and ratios of Cholas Spices Private Limited, buy the company report.
Board of directors of Cholas Spices Private Limited
Cholas Spices has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Cholayil Salu Kuriakose | Director | 25 Aug 1999 | 27 Years 2 Months | Current |
| Cholayil Kuriakose Saji | Managing Director | 25 Aug 1999 | 27 Years 2 Months | Current |
Peer comparison
Cholas Spices Private Limited is compared with the 5 companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution, Spices), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jai Krishna Agribiz Private Limited | ₹79.82 Cr (FY 2025) | 17.0% | Brajrajnagar, Odisha, India | |||
| Indichem Specialty Fertilizers Private Limited | ₹79.58 Cr (FY 2025) | 67.0% | Pune, Maharashtra, India | |||
| Salasar Balaji Tradecom Private Limited | ₹79.52 Cr (FY 2025) | -10.0% | Jaipur, Rajasthan, India | |||
| Cholas Spices Private Limitedthis company | ₹79.24 Cr (FY 2025) | -₹7.71 Cr | -9.7% | -13.0% | Wynad, Kerala, India | |
| Exotica Ventures Private Limited | ₹79.12 Cr (FY 2024) | 47.0% | Kolkata, West Bengal, India | |||
| Ganpati Seeds Company Private Limited | ₹78.91 Cr (FY 2024) | -3.0% | Lucknow, Uttar Pradesh, India |
To see the full peer comparison of Cholas Spices Private Limited, buy the company report.
Auditor
Cholas Spices Private Limited is audited by K RAJAN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K RAJAN & CO | FY 2023 | 012249S |
Shareholding
The shareholding of Cholas 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) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Cholas Spices Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Dec 2021 | 100523656 | State Bank of India | ₹2.1 Cr | Open | |
| 31 Jan 2000 | 90017690 | State Bank of India | ₹20.43 Cr | Open | |
| 17 Apr 2021 | 100459842 | State Bank of India | ₹94 Cr | Satisfied | |
| 05 Jan 2002 | 90018491 | State Bank of Traveacore | ₹27.5 Lakh | Satisfied |
To see the full charge records of Cholas Spices Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Cholas Spices Private Limited has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹41 Lakh; the latest was in January 2020.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2020 | Rights issue | ₹50 Lakh | Investors: 2 individuals |
| Feb 2014 | Funding round | ₹30 Lakh | Investors: 2 individuals |
| Mar 2012 | Funding round | ₹11 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Cholas Spices Private Limited has 4 court cases on record: 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 4 | 0 |
Cases on record (1 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Court case (Crl.MC) | Filed against the company | Disposed |
To see the full case history of Cholas 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
Cholas Spices Private Limited was last rated by Crisil on 16 Nov 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 16 Nov 2021 |
To see the full credit ratings and regulatory alerts of Cholas Spices Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Cholas Spices Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Cholas Spices has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCC5621P1ZO | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Cholas Spices Private Limited, buy the company report.
Recent activity
Cholas Spices Private Limited has 2 board changes on record since 1999: 2 appointments. The latest: Cholayil Kuriakose Saji was appointed as Managing Director on 25 Aug 1999.
1 earlier event is in the company report.
Frequently asked questions
Cholas Spices is an active private limited company based in Wynad, Kerala, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 12 August 1999 (27+ years old) and is registered under CIN U51225KL1999PTC013218.
Cholas Spices has 2 current directors:
- Cholayil Kuriakose Saji - Managing Director
- Cholayil Salu Kuriakose - Director
The latest financial statements of Cholas Spices on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Cholas Spices is 32AABCC5621P1ZO, registered in Kerala.
The CIN (Corporate Identification Number) of Cholas Spices is U51225KL1999PTC013218. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cholas Spices has 4 court cases on record: 4 filed against it.
Cholas Spices was incorporated on 12 August 1999, making it 27+ years old. It is registered with the Registrar of Companies, Ernakulam.
Cholas Spices has 3 deals on record (2 funding rounds, 1 rights issue), with disclosed funding of ₹41 Lakh; the latest was in January 2020.
The peers of Cholas Spices by revenue are Jai Krishna Agribiz Private Limited, Indichem Specialty Fertilizers Private Limited, Salasar Balaji Tradecom Private Limited, Exotica Ventures Private Limited, Ganpati Seeds Company Private Limited, all in the Agriculture industry (Agro Retail and Distribution, Spices), with the same principal business activity (wholesale trading).
Cholayil Kuriakose Saji was appointed as Managing Director on 25 Aug 1999. Cholayil Salu Kuriakose was appointed as Director on 25 Aug 1999.
The registered office of Cholas Spices is at Door No MpVII24 Meenangadi Pullumala, Wynad, Kerala, India – 673591.