MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MP-23-0029374
Espic Consulting Private Limited - business outsourcing in Indore, Madhya Pradesh, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹12.91 Cr
▼ 14% YoY
Net loss · FY 2023
₹15.27 Lakh
Net margin -1.2%
EBITDA · FY 2023
₹1.58 Cr
EBITDA margin 12.2%
Authorised capital
₹2.05 Cr
Registered with MCA
Paid-up capital
₹67 Lakh
Issued & subscribed
Open charges
₹7.86 Cr
Satisfied ₹2.4 Cr
Company age
33 yrs
Est. 1993
Employees · EPFO
38
Provident fund records
About Espic Consulting Private Limited
Data last updated:
Espic Consulting Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 01 April 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U74210MP1993PTC029291. Its GSTIN is 23AAACE6876D1ZS (Madhya Pradesh).
The company has an authorised share capital of ₹2.05 Cr and a paid-up capital of ₹67 Lakh. It was formerly known as Espic Consultants Pvt Ltd. It is led by directors including Eklavya Singh (Managing Director) and Ritija Singh.
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 Indore, Madhya Pradesh.
As per the financials filed for FY 2023, the company reported a revenue of ₹12.91 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net loss of ₹15.27 Lakh (net margin -1.2%) and EBITDA of ₹1.58 Cr (EBITDA margin 12.2%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 6% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: ESPIC. As per MCA filings, the company has open charges of ₹7.86 Cr and satisfied charges of ₹2.4 Cr on record. Court records list 6 cases involving the company, including 3 filed by the company and 3 filed against it; 2 cases are pending.
Espic Consulting Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MP-23-0029374). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website espic.in.
Company details
CIN U74210MP1993PTC029291
Registration Number 029291
Incorporation Date 01 April 1993
ROC Gwalior
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MP-23-0029374
CIN history
Espic Consulting has one previous CIN (Corporate Identification Number): U74210MH1993PTC175308. The current CIN is U74210MP1993PTC029291, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74210MP1993PTC029291 | Current |
| U74210MH1993PTC175308 | Previous |
Recognitions & Rankings of Espic Consulting
Contact details
Espic Consulting Private Limited's registered office is in Indore, Madhya Pradesh. Its website is espic.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3rd Floor Sapphire Twins Right Wing, Scheme No. 54 Pu – 3 A.B. Road, Indore, Madhya Pradesh, India – 452010
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Espic Consulting Private Limited, buy the company report.
Comprehensive company report
Espic Consulting 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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Business activity
The main business activity of Espic Consulting is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Espic Consulting Private Limited, buy the company report.
Financials of Espic Consulting Private Limited
FY 2025 filings availableEspic Consulting Private Limited reported revenue of ₹12.91 Cr (down 14% YoY) for FY 2023.
Revenue · FY 2023
₹12.91 Cr ▼ 14%
Net loss · FY 2023
₹15.27 Lakh margin -1.2%
EBITDA · FY 2023
₹1.58 Cr margin 12.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 14%
3 years · compounded
▲ 32%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▼ 51%
3 years · compounded
▲ 41%
5 years · compounded
▼ 9%
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 51% 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 |
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| EBITDA | ₹1.58 Cr | ||||
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| Net Profit (PAT) | -₹15.27 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 12.2% | ||||
| Net Profit Margin | -1.2% | ||||
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To see the full financial statements and ratios of Espic Consulting Private Limited, buy the company report.
Board of directors of Espic Consulting Private Limited
Espic Consulting has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritija Singh | Director | 12 Aug 2023 | 3 Years 2 Months | Current |
| Nilima Singh Also directs: Espic Alloy & Mineral Private Limited, Espic Impex Pvt Ltd | Director | 04 Apr 2005 | 21 Years 6 Months | Current |
| Eklavya Singh Also directs: Espic Alloy & Mineral Private Limited, Espic Impex Pvt Ltd | Managing Director | 01 Apr 1993 | 33 Years 6 Months | Current |
Auditor
Espic Consulting Private Limited is audited by S. K. PORWAL & COMPANY for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. K. PORWAL & COMPANY | FY 2022 | 005932C |
Shareholding
The shareholding of Espic Consulting Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Espic Consulting Private Limited, buy the company report.
Charges & borrowings
Open charges
₹7.86 Cr
Satisfied charges
₹2.4 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Nov 2022 | 100646074 | Bank of India | ₹84 Lakh | Open | |
| 31 Dec 2021 | 100519732 | Bank of India | ₹33.17 Lakh | Open | |
| 06 Mar 2017 | 100095034 | Bank of India | ₹1.92 Cr | Open | |
| 13 Oct 2015 | 10618541 | Bank of India | ₹13.5 Lakh | Open | |
| 13 Mar 2009 | 10156913 | Bank of India | ₹3.5 Cr | Open |
To see the full charge records of Espic Consulting Private Limited, buy the company report.
Total charge records: 12 View all charges
Legal cases
Espic Consulting Private Limited has 6 court cases on record: 3 filed by Espic Consulting, 3 filed against it. 2 cases are pending and 4 are disposed.
Total cases
6
Filed by the company
3
Filed against the company
3
Pending
2
Disposed
4
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 3 | 2 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Indore, Madhya Pradesh | Court case (UN CIV) | Filed against the company by an individual | Pending |
| District court, Indore, Madhya Pradesh | Court case (SC EOW) | Filed against the company by Union of India Through Gopal Singh Raghav Asstt. Commissioner of Income Tax (TDS), Indore | Pending |
| District court, Jhalawar, Rajasthan | Criminal case | Filed against the company by State App | Disposed |
| District court, Indore, Madhya Pradesh | Court case (MJC) | Filed by the company against an individual | Disposed |
| District court, Indore, Madhya Pradesh | Court case (RCS A) | Filed by the company against an individual | Disposed |
To see the full case history of Espic Consulting 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Espic Consulting Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Espic Consulting Private Limited has a workforce of 38 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
38
Active EPFO establishments
1
Employee growth
40.74%
GST
Espic Consulting has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACE6876D1ZS | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Espic Consulting Private Limited, buy the company report.
Recent activity
Espic Consulting Private Limited has 6 board changes on record since 1993: 3 appointments and 3 cessations. The latest: Ritija Singh ceased to be Additional Director on 29 Sep 2023.
AGM
Espic Consulting Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Espic Consulting Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Gwalior.
Ceased
Ritija Singh ceased to be Additional Director.
Appointed
Ritija Singh was appointed as Director.
Charges
A charge with Bank Of India amounted to Rs. 0.84 Cr with Charge ID 100646074 was registered on 05 Nov 2022.
Charges
A charge with Bank Of India amounted to Rs. 0.33 Cr with Charge ID 100519732 was registered on 31 Dec 2021.
Charges
A charge with Bank Of India of Rs. 1.92 Cr registered on 06 Mar 2017 with Charge ID 100095034 was modified on 13 Aug 2020.
Charges
A charge registered on 08 Oct 2007 via Charge ID 10081868 with Bank Of India was fully satisfied on 01 Jan 2019.
Charges
A charge registered on 20 Mar 2007 via Charge ID 10045576 with Bank Of India was fully satisfied on 01 Jan 2019.
Charges
A charge registered on 20 Mar 2007 via Charge ID 10045577 with Bank Of India was fully satisfied on 01 Jan 2019.
Charges
A charge registered on 23 Feb 2005 via Charge ID 90209872 with Bank Of India was fully satisfied on 01 Jan 2019.
Charges
A charge with Bank Of India amounted to Rs. 1.92 Cr with Charge ID 100095034 was registered on 06 Mar 2017.
15 earlier events are in the company report.
Frequently asked questions
Espic Consulting is an active private limited company based in Indore, Madhya Pradesh, India. The company works in business and IT consulting, within the business outsourcing industry. It was incorporated on 01 April 1993 (33+ years old) and is registered under CIN U74210MP1993PTC029291.
Espic Consulting has 3 current directors:
- Eklavya Singh - Managing Director
- Ritija Singh - Director
- Nilima Singh - Director
The latest financial statements of Espic Consulting 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 Espic Consulting is 23AAACE6876D1ZS, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Espic Consulting is U74210MP1993PTC029291. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Espic Consulting has 6 court cases on record: 3 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Espic Consulting was incorporated on 01 April 1993, making it 33+ years old. It is registered with the Registrar of Companies, Gwalior.
Ritija Singh ceased to be Additional Director on 29 Sep 2023. Ritija Singh was appointed as Director on 12 Aug 2023. Sanjay Khandelwal ceased to be Director on 30 Sep 2012. Espic Consulting has 6 board changes on record in total.
Yes, Espic Consulting is registered as a small enterprise under Udyam registration (number: UDYAM-MP-23-0029374).
Espic Consulting can be reached through the website espic.in. Its registered office is in Indore, Madhya Pradesh, India.