MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-24-0012467
Lancer Spices Private Limited - agriculture in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹115.92 Cr
▲ 8% YoY
Net profit · FY 2025
₹53.64 Lakh
Net margin 0.5%
EBITDA · FY 2025
₹4.59 Cr
EBITDA margin 4%
Authorised capital
₹1.2 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Open charges
₹25.85 Cr
Satisfied ₹9 Cr
Company age
11 yrs
Est. 2015
Directors on board
2
As per MCA filings
About Lancer Spices Private Limited
Data last updated:
Lancer Spices Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the seed production and distribution segment of the agriculture sector. It was incorporated on 16 March 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U15500GJ2015PTC082587. Its GSTIN is 24AACCL8274E1ZJ (Gujarat).
The company has an authorised share capital of ₹1.2 Cr and a paid-up capital of ₹1 Cr. It is led by directors Vijaykumar Chellani Mahesh and Mahesh Dayaldas Chellani.
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 605 Ozone Building Sarabhai Compound Vadiwadi, Vadodara, Gujarat, India – 390023.
As per the financials filed for FY 2025, the company reported a revenue of ₹115.92 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹53.64 Lakh (net margin 0.5%) and EBITDA of ₹4.59 Cr (EBITDA margin 4%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 7% over five years.
As per MCA filings, the company has open charges of ₹25.85 Cr and satisfied charges of ₹9 Cr on record.
Lancer Spices Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0012467). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lancerspices.com.
Company details
CIN U15500GJ2015PTC082587
Registration Number 082587
Incorporation Date 16 March 2015
ROC Ahmedabad
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 MSME
Udyam Registration UDYAM-GJ-24-0012467
Recognitions & Rankings of Lancer Spices
Contact details
Lancer Spices Private Limited's registered office is in Vadodara, Gujarat. Its website is lancerspices.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address605 Ozone Building Sarabhai Compound Vadiwadi, Vadodara, Gujarat, India – 390023
- IndustryAgriculture, Seed Production & Distribution
To see the full contact details of Lancer Spices Private Limited, buy the company report.
Comprehensive company report
Lancer Spices 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 activities of Lancer Spices are manufacturing and trade. In detail, this covers food, beverages and tobacco products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Lancer Spices Private Limited, buy the company report.
Financials of Lancer Spices Private Limited
FY 2025 filings availableLancer Spices Private Limited reported revenue of ₹115.92 Cr (up 8% YoY) for FY 2025.
Revenue · FY 2025
₹115.92 Cr ▲ 8%
Net profit · FY 2025
₹53.64 Lakh margin 0.5%
EBITDA · FY 2025
₹4.59 Cr margin 4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▼ 3%
5 years · compounded
▼ 7%
EBITDA CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 15%
5 years · compounded
▲ 23%
Revenue rose 8% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 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 | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.59 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹53.64 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | 4% | ||||
| Net Profit Margin | 0.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Current Ratio | |||||
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| 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 Lancer Spices Private Limited, buy the company report.
Board of directors of Lancer Spices Private Limited
Lancer Spices has 2 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 |
|---|---|---|---|---|
| Vijaykumar Chellani Mahesh | Director | 16 Mar 2015 | 11 Years 7 Months | Current |
| Mahesh Dayaldas Chellani | Director | 11 Dec 2015 | 10 Years 10 Months | Current |
Peer comparison
Lancer Spices Private Limited is compared with the 3 companies closest to it by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution, 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 |
|---|---|---|---|---|---|---|
| Jalani Enterprises Private Limited | ₹115.99 Cr (FY 2025) | 40.0% | Jodhpur, Rajasthan, India | |||
| Lancer Spices Private Limitedthis company | ₹115.92 Cr (FY 2025) | ₹53.64 Lakh | 0.5% | 8.0% | Vadodara, Gujarat, India | |
| J D Marketing Pvt Ltd | ₹115.71 Cr (FY 2025) | -10.0% | Kolkata, West Bengal, India | |||
| KBM Foods Private Limited | ₹115.64 Cr (FY 2025) | -1.0% | Delhi, India |
To see the full peer comparison of Lancer Spices Private Limited, buy the company report.
Auditor
Lancer Spices Private Limited is audited by R K MODI & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R K MODI & CO | FY 2023 | 106487W |
Shareholding
The shareholding of Lancer 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Lancer Spices Private Limited, buy the company report.
Charges & borrowings
Open charges
₹25.85 Cr
Satisfied charges
₹9 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Oct 2021 | 100495021 | Others | ₹3.25 Cr | Open | |
| 28 Feb 2019 | 100255458 | Hdfc Bank Limited | ₹22.03 Cr | Open | |
| 30 Jun 2017 | 100168373 | Hdfc Bank Limited | ₹57 Lakh | Open | |
| 17 Mar 2016 | 100023802 | Axis Bank Limited | ₹9 Cr | Satisfied |
To see the full charge records of Lancer Spices Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Lancer Spices 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
Lancer Spices Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 7 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| A K Enterprise - Keshod | |||
| an individual supplier | |||
| Amrut Cotton Industries - Gondal | |||
| an individual supplier |
To see the full MSME payment records of Lancer Spices Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Lancer Spices has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCL8274E1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Lancer Spices Private Limited, buy the company report.
Recent activity
Lancer Spices Private Limited has 4 board changes on record since 2015: 2 appointments and 2 cessations. The latest: Nileshkumar Mahesh Chellani ceased to be Director on 01 Aug 2023.
AGM
Lancer Spices Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 22.03 Cr registered on 28 Feb 2019 with Charge ID 100255458 was modified on 16 Apr 2025.
Filing
Lancer Spices Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Ceased
Nileshkumar Mahesh Chellani ceased to be Director.
Charges
A charge with Hdfc Bank Limited of Rs. 0.57 Cr registered on 30 Jun 2017 with Charge ID 100168373 was modified on 21 Jul 2023.
Charges
A charge with Others amounted to Rs. 3.25 Cr with Charge ID 100495021 was registered on 28 Oct 2021.
Charges
A charge registered on 17 Mar 2016 via Charge ID 100023802 with Axis Bank Limited was fully satisfied on 27 Nov 2019.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 22.03 Cr with Charge ID 100255458 was registered on 28 Feb 2019.
Charges
A charge with Axis Bank Limited of Rs. 9.00 Cr registered on 17 Mar 2016 with Charge ID 100023802 was modified on 27 Jul 2017.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.57 Cr with Charge ID 100168373 was registered on 30 Jun 2017.
Charges
A charge with Axis Bank Limited amounted to Rs. 9.00 Cr with Charge ID 100023802 was registered on 17 Mar 2016.
Appointed
Mahesh Dayaldas Chellani was appointed as Director.
3 earlier events are in the company report.
Frequently asked questions
Lancer Spices is an active private limited company based in Vadodara, Gujarat, India. The company works in seed production and distribution, within the agriculture industry. It was incorporated on 16 March 2015 (11+ years old) and is registered under CIN U15500GJ2015PTC082587.
Lancer Spices has 2 current directors:
- Vijaykumar Chellani Mahesh - Director
- Mahesh Dayaldas Chellani - Director
The latest financial statements of Lancer 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 Lancer Spices is 24AACCL8274E1ZJ, registered in Gujarat.
The CIN (Corporate Identification Number) of Lancer Spices is U15500GJ2015PTC082587. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lancer Spices was incorporated on 16 March 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Lancer Spices by revenue are Jalani Enterprises Private Limited, J D Marketing Pvt Ltd, KBM Foods Private Limited, all in the Food and Beverages industry (Food and Beverages Retail and Distribution, Spices), with the same principal business activity (food, beverages and tobacco products).
Nileshkumar Mahesh Chellani ceased to be Director on 01 Aug 2023. Mahesh Dayaldas Chellani was appointed as Director on 11 Dec 2015. Shahbaazkhan Anwar Dabhoiwala ceased to be Director on 09 Dec 2015. Lancer Spices has 4 board changes on record in total.
Yes, Lancer Spices is registered as an MSME under Udyam registration (number: UDYAM-GJ-24-0012467).
Lancer Spices has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 7 overdue payments to 4 micro and small suppliers. The latest return was filed on 09 Jun 2019.
Lancer Spices can be reached through the website lancerspices.com. Its registered office is in Vadodara, Gujarat, India.
The registered office of Lancer Spices is at 605 Ozone Building Sarabhai Compound Vadiwadi, Vadodara, Gujarat, India – 390023.
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