Mad Spice Private Limited
About Mad Spice Private Limited
Data last updated:
Mad Spice Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 07 December 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U55100PB1994PTC015418. Its GSTIN is 03AAGCS6437A2ZQ (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹45 Lakh and a paid-up capital of ₹38 Lakh. It is led by directors including Sakshi Jain (Managing Director) and Mehul Jain.
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 Ludhiana, Punjab.
As per MCA filings, the company has open charges of ₹1.4 Cr and satisfied charges of ₹1.1 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Mad Spice has one previous CIN (Corporate Identification Number): U18101PB1994PTC015418. The current CIN is U55100PB1994PTC015418, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U55100PB1994PTC015418 | Current |
| U18101PB1994PTC015418 | Previous |
Contact details
Mad Spice Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address418 B College Road, Civil Lines, Ludhiana, Punjab, India – 141001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Mad Spice 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
Financials of Mad Spice Private Limited
FY 2025 filings availableFinancial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | |||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | |||||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 Mad Spice Private Limited, buy the company report.
Board of directors of Mad Spice Private Limited
Mad Spice has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mehul Jain | Director | 23 Sep 2022 | 4 Years 1 Months | Current |
| Sakshi Jain | Managing Director | 23 Sep 2022 | 4 Years 1 Months | Current |
| Vidit Jain | Director | 03 Aug 2024 | 2 Years 2 Months | Current |
Auditor
Mad Spice Private Limited is audited by VIVEK MANAV AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VIVEK MANAV AND ASSOCIATES | FY 2023 | 015845N |
Shareholding
The shareholding of Mad Spice 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 Mad Spice Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 May 1997 | 90175848 | State Bank of India | ₹22 Lakh | Open | |
| 25 Oct 1996 | 90173365 | Sidbi | ₹59 Lakh | Open | |
| 25 Oct 1996 | 90310980 | Small Industries Development Bank of India | ₹59 Lakh | Open | |
| 29 May 2023 | 100729957 | Others | ₹1.1 Cr | Satisfied |
To see the full charge records of Mad Spice Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Mad Spice 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
Mad Spice Private Limited has 41 MSME Form 1 returns on record between 2019 and 2024, listing 115 overdue payments to 18 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 18)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sutlej Gas Company | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Mad Spice Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Mad Spice has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAGCS6437A2ZQ | Punjab | Active | 15 Jun 2023 |
To see the full GST registrations and return filing status of Mad Spice Private Limited, buy the company report.
Recent activity
Mad Spice Private Limited has 11 board changes on record since 2018: 3 appointments and 8 cessations. The latest: Vidit Jain ceased to be Additional Director on 29 Sep 2024.
9 earlier events are in the company report.
Frequently asked questions
Mad Spice is an active private limited company based in Ludhiana, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 07 December 1994 (32+ years old) and is registered under CIN U55100PB1994PTC015418.
Mad Spice has 3 current directors:
- Sakshi Jain - Managing Director
- Mehul Jain - Director
- Vidit Jain - Director
The latest financial statements of Mad Spice 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 Mad Spice is 03AAGCS6437A2ZQ, registered in Punjab. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Mad Spice is U55100PB1994PTC015418. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mad Spice was incorporated on 07 December 1994, making it 32+ years old. It is registered with the Registrar of Companies, Chandigarh.
Vidit Jain ceased to be Additional Director on 29 Sep 2024. Vidit Jain was appointed as Director on 03 Aug 2024. Prem Pal Jain ceased to be Director on 03 May 2023. Mad Spice has 11 board changes on record in total.
Mad Spice has 41 MSME Form 1 returns on record between 2019 and 2024, listing 115 overdue payments to 18 micro and small suppliers. The latest return was filed on 19 Apr 2024.
The registered office of Mad Spice is at 418 B College Road, Civil Lines, Ludhiana, Punjab, India – 141001.
Mad Spice operates in the manufacturing industry, in the textile and fabric production segment.
Mad Spice has open charges of ₹1.4 Cr and satisfied charges of ₹1.1 Cr as per latest MCA filings.