MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MP-23-0017848
Dave Masala Private Limited - food and beverages in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹42.42 Cr
▲ 6% YoY
Net profit · FY 2025
₹1.11 Cr
Net margin 2.6%
EBITDA · FY 2025
₹2.63 Cr
EBITDA margin 6.2%
Authorised capital
₹1.35 Cr
Registered with MCA
Paid-up capital
₹1.25 Cr
Issued & subscribed
Open charges
₹6 Cr
Secured borrowings
Company age
44 yrs
Est. 1982
Employees · EPFO
65
Provident fund records
About Dave Masala Private Limited
Data last updated:
Dave Masala Private Limited is a private limited company based in Indore, Madhya Pradesh, India, a subsidiary of Dave Masala Private Limited. It operates in the spice manufacturing and distribution segment of the food and beverages sector. It was incorporated on 16 April 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U15400MP1982PTC001956. Its GSTIN is 23AAACD6054A1ZD (Madhya Pradesh).
The company has an authorised share capital of ₹1.35 Cr and a paid-up capital of ₹1.25 Cr. It was formerly known as D M Woolen Mills Private Limited and D M Woollen & Foods Private Limited. It is led by directors including Bharat Dave and Jitendra Dave.
Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 51 Laxmibai Nagar Fort, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2025, the company reported a revenue of ₹42.42 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹1.11 Cr (net margin 2.6%) and EBITDA of ₹2.63 Cr (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 11% over five years.
The company has about 65 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Dave Masala. As per MCA filings, the company has open charges of ₹6 Cr on record.
Dave Masala Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0017848). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website davemasala.com.
Company details
CIN U15400MP1982PTC001956
Registration Number 001956
Incorporation Date 16 April 1982
ROC Gwalior
Listing Status Unlisted
Company Status Active
Parent Company Dave Masala Private Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MP-23-0017848
Name history
Dave Masala has undergone 2 name changes throughout its history. The company was previously known as D M Woolen Mills Private Limited, and D M Woollen & Foods Private Limited. The current legal name is Dave Masala Private Limited.
| Company Name | Status |
|---|---|
| Dave Masala Private Limited | Current |
| D M Woolen Mills Private Limited | Previous |
| D M Woollen & Foods Private Limited | Previous |
CIN history
Dave Masala has one previous CIN (Corporate Identification Number): U17302MP1982PTC001956. The current CIN is U15400MP1982PTC001956, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15400MP1982PTC001956 | Current |
| U17302MP1982PTC001956 | Previous |
Recognitions & Rankings of Dave Masala
Contact details
Dave Masala Private Limited's registered office is in Indore, Madhya Pradesh. Its website is davemasala.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address51 Laxmibai Nagar Fort, Indore, Madhya Pradesh, India – 452001
- IndustryFood and Beverages, Spice Manufacturing & Distribution
To see the full contact details of Dave Masala Private Limited, buy the company report.
Comprehensive company report
Dave Masala 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
Dave Masala operates one associated brand: Dave Masala. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers online sales of spices, blends, and condiments with free shipping options. | davemasala.com |
Business activity
The main business activity of Dave Masala is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Dave Masala Private Limited, buy the company report.
Financials of Dave Masala Private Limited
FY 2025 filings availableDave Masala Private Limited reported revenue of ₹42.42 Cr (up 6% YoY) for FY 2025.
Revenue · FY 2025
₹42.42 Cr ▲ 6%
Net profit · FY 2025
₹1.11 Cr margin 2.6%
EBITDA · FY 2025
₹2.63 Cr margin 6.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 9%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 8%
3 years · compounded
▲ 3%
5 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 6% growth in the latest year. EBITDA fell 8% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.63 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.11 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | ||||
| Net Profit Margin | 2.6% | ||||
| 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 Dave Masala Private Limited, buy the company report.
Board of directors of Dave Masala Private Limited
Dave Masala has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Dave | Director | 18 Mar 2016 | 10 Years 7 Months | Current |
| Jitendra Dave | Director | 18 Mar 2016 | 10 Years 7 Months | Current |
| Dhiraj Dave | Director | 08 Jan 2021 | 5 Years 10 Months | Current |
| Purav Dave | Director | 08 Jan 2021 | 5 Years 10 Months | Current |
Peer comparison
Dave Masala Private Limited is compared with the 5 companies closest to it by revenue in the Food and Beverages industry (Spices), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bakers Spices & Ingredients Private Limited | ₹44.16 Cr (FY 2025) | 11.0% | Coimbatore, Tamil Nadu, India | |||
| Navnath Spices Private Limited | ₹43.83 Cr (FY 2025) | -27.0% | Dhule, Maharashtra, India | |||
| Dave Masala Private Limitedthis company | ₹42.42 Cr (FY 2025) | ₹1.11 Cr | 2.6% | 6.0% | 65 | Indore, Madhya Pradesh, India |
| Someshwar Rice Private Limited | ₹42.13 Cr (FY 2025) | 3.0% | Taraori, Haryana, India | |||
| Hearty Mart Enterprise Private Limited | ₹41.89 Cr (FY 2024) | 19.0% | Ahmedabad, Gujarat, India | |||
| PKM Foods Private Limited | ₹41.66 Cr (FY 2024) | 30.0% | Pune, Maharashtra, India |
To see the full peer comparison of Dave Masala Private Limited, buy the company report.
Auditor
Dave Masala Private Limited is audited by Prakash Wohra & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Prakash Wohra & Co | FY 2023 | 000769C |
Shareholding
The shareholding of Dave Masala 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 Dave Masala Private Limited, buy the company report.
Charges & borrowings
Open charges
₹6 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Nov 2016 | 100096711 | Others | ₹6 Cr | Open |
To see the full charge records of Dave Masala Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Dave Masala Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Dave Masala Private Limited has 5 MSME Form 1 returns on record between 2021 and 2022, listing 54 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 |
|---|---|---|---|
| Sharma Namkeen Udyog | |||
| Rotomark System LLP, Kanpur | |||
| an individual supplier | |||
| an individual supplier | |||
| Pragati Graphics and Packaging Private Limited |
To see the full MSME payment records of Dave Masala Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Dave Masala Private Limited has a workforce of 65 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
65
Active EPFO establishments
1
Employee growth
18.2%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 65 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Dave Masala Private Limited, buy the company report.
GST
Dave Masala has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACD6054A1ZD | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dave Masala Private Limited, buy the company report.
Recent activity
Dave Masala Private Limited has 8 board changes on record since 1982: 6 appointments and 2 cessations. The latest: Dhiraj Dave was appointed as Director on 08 Jan 2021.
AGM
Dave Masala Private Limited last Annual general meeting of members was held on 16 Sep 2025 as per latest MCA records.
Filing
Dave Masala Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Charges
A charge with Others of Rs. 6.00 Cr registered on 25 Nov 2016 with Charge ID 100096711 was modified on 18 Aug 2023.
Appointed
Dhiraj Dave was appointed as Director.
Appointed
Purav Dave was appointed as Director.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 100096711 was registered on 25 Nov 2016.
Ceased
Chander Kumar Bhatia ceased to be Managing Director.
Ceased
Dinesh Kumar Bhatia ceased to be Managing Director.
Appointed
Bharat Dave was appointed as Director.
Appointed
Jitendra Dave was appointed as Director.
Appointed
Chander Kumar Bhatia was appointed as Managing Director.
Appointed
Dinesh Kumar Bhatia was appointed as Managing Director.
1 earlier event is in the company report.
Frequently asked questions
Dave Masala is an active private limited company based in Indore, Madhya Pradesh, India. The company works in spice manufacturing and distribution, within the food and beverages industry. It was incorporated on 16 April 1982 (44+ years old) and is registered under CIN U15400MP1982PTC001956.
Dave Masala has 4 current directors:
- Bharat Dave - Director
- Jitendra Dave - Director
- Dhiraj Dave - Director
- Purav Dave - Director
The latest financial statements of Dave Masala on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Dave Masala is 23AAACD6054A1ZD, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Dave Masala is U15400MP1982PTC001956. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dave Masala was incorporated on 16 April 1982, making it 44+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Dave Masala by revenue are Bakers Spices & Ingredients Private Limited, Navnath Spices Private Limited, Someshwar Rice Private Limited, Hearty Mart Enterprise Private Limited, PKM Foods Private Limited, all in the Food and Beverages industry (Spices), with the same principal business activity (food, beverages and tobacco products).
Dhiraj Dave was appointed as Director on 08 Jan 2021. Purav Dave was appointed as Director on 08 Jan 2021. Chander Kumar Bhatia ceased to be Managing Director on 22 Aug 2016. Dave Masala has 8 board changes on record in total.
Yes, Dave Masala is registered as a small enterprise under Udyam registration (number: UDYAM-MP-23-0017848).
Dave Masala has 5 MSME Form 1 returns on record between 2021 and 2022, listing 54 overdue payments to 20 micro and small suppliers. The latest return was filed on 23 Sep 2023.
Dave Masala can be reached through the website davemasala.com. Its registered office is in Indore, Madhya Pradesh, India.
The registered office of Dave Masala is at 51 Laxmibai Nagar Fort, Indore, Madhya Pradesh, India – 452001.
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