About Spac Starch Products (India) Private Limited
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Spac Starch Products (India) Private Limited is a private limited company based in Erode, Tamil Nadu, India. It operates in the organic and health foods segment of the food and beverages sector. It was incorporated on 31 May 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U15325TZ1996PTC033450. Its GSTIN is 33AACCS7137B1ZR (Tamil Nadu). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹38.97 Cr. It was formerly known as Spac Tapioca Products India Limited and Spac Starch Products (India) Limited. It is led by directors including Subramaniam Palanisamy (Managing Director) and Gurusamy Jayanthi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Erode, Tamil Nadu.
As per the financials filed for FY 2025, the company reported a revenue of ₹408.72 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹24.45 Cr (net margin 6%) and EBITDA of ₹48.21 Cr (EBITDA margin 11.8%).
The company has about 275 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹403 Cr and satisfied charges of ₹275.74 Cr on record. Court records list 55 cases involving the company, including 45 filed by the company and 10 filed against it; 6 cases are pending. The company has 16 deals on record (12 secondary share transfers, 4 funding rounds), with disclosed funding of ₹32.12 Cr; the latest was in March 2023.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website spacgroup.com.
Company details
Name history
Spac Starch Products (India) has undergone 2 name changes throughout its history. The company was previously known as Spac Tapioca Products India Limited, and Spac Starch Products (India) Limited. The current legal name is Spac Starch Products (India) Private Limited.
| Company Name | Status |
|---|---|
| Spac Starch Products (India) Private Limited | Current |
| Spac Tapioca Products India Limited | Previous |
| Spac Starch Products (India) Limited | Previous |
CIN history
Spac Starch Products (India) has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U15325TZ1996PTC033450, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U15325TZ1996PTC033450 | Current |
| U15325TN1996PTC141254 | Previous |
| U15325TZ1996PTC007238 | Previous |
| U15325TZ1996PLC007238 | Previous |
Contact details
Spac Starch Products (India) Private Limited's registered office is in Erode, Tamil Nadu.
- Registered AddressSf Nos. 65 66 67 Mugasipudur Post, Poonachi Anthiyur Tk, Erode, Tamil Nadu, India – 638314
- IndustryFood and Beverages, Organic & Health Foods
- 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 Spac Starch Products (India) Private Limited
FY 2024 filings availableSpac Starch Products (India) Private Limited reported revenue of ₹408.72 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year. EBITDA rose 15% in the latest 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 | ₹48.21 Cr | ||||
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| Net Profit (PAT) | ₹24.45 Cr | ||||
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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 | 11.8% | ||||
| Net Profit Margin | 6% | ||||
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To see the full financial statements and ratios of Spac Starch Products (India) Private Limited, buy the company report.
Board of directors of Spac Starch Products (India) Private Limited
Spac Starch Products (India) has 5 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subramaniam Palanisamy | Managing Director | 27 Aug 2025 | 1 Years 2 Months | Current |
| Gurusamy Jayanthi | Director | 27 Aug 2025 | 1 Years 2 Months | Current |
| Nachimuthu Ramalingam Also directs: Solar Ka9 Private Limited, Solar Ka16 Private Limited, Solar Ka12 Private Limited and 5 more | Director | 01 Nov 1996 | 30 Years 0 Months | Current |
| Ramalingam Suriyakanth Also directs: Solar Ka9 Private Limited, Solar Ka16 Private Limited, Solar Ka12 Private Limited and 5 more | Director | 24 Nov 2017 | 8 Years 11 Months | Current |
| Nachimuthu Ramalingam Tamilselvi | Director | 24 Nov 2017 | 8 Years 11 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Oct 2023 | 100819520 | Axis Bank Limited | ₹50 Cr | Open | |
| 22 Sep 2023 | 100797047 | Indian Overseas Bank | ₹4 Cr | Open | |
| 26 Jun 2023 | 100735934 | Hdfc Bank Limited | ₹133 Cr | Open | |
| 24 Feb 2022 | 100545628 | Axis Bank Limited | ₹20 Cr | Open | |
| 06 Sep 2021 | 100487028 | Hdfc Bank Limited | ₹103 Cr | Open |
To see the full charge records of Spac Starch Products (India) Private Limited, buy the company report.
Total charge records: 19 View all charges
Deals & funding
Spac Starch Products (India) Private Limited has 16 deals on record (12 secondary share transfers, 4 funding rounds), with disclosed funding of ₹32.12 Cr; the latest was in March 2023.
Deals on record (5 of 16)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: S S Natarajan HUF, 3 individuals |
| Jan 2013 | Funding round | ₹27.01 Cr | Investors: P & C Constructions Private Limited, 3 individuals |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: R.P.P Infra Projects Limited , an individual |
| Mar 2008 | Funding round | ₹11 Lakh | Investors: Supreme Poultry Private Limited , 3 individuals |
To see the full deal history of Spac Starch Products (India) Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Spac Starch Products (India) Private Limited has 55 court cases on record: 45 filed by Spac Starch Products (India), 10 filed against it. 6 cases are pending and 49 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 40 | 4 | 3 |
| High courts | 15 | 6 | 3 |
Cases on record (5 of 55)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Erode, Tamil Nadu | Criminal miscellaneous application | Filed by the company against Oren Hydrocarbons Pvt Ltd and 2 Others | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Simple Package P Ltd. | Disposed |
| District court, Erode, Tamil Nadu | Appeal | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Appeal | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by an individual | Pending |
To see the full case history of Spac Starch Products (India) 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
Spac Starch Products (India) Private Limited was last rated by Brickwork on 29 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 29 Mar 2022 |
To see the full credit ratings and regulatory alerts of Spac Starch Products (India) Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Spac Starch Products (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Spac Starch Products (India) has 3 GST registrations: 2 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AACCS7137B1ZR | Tamil Nadu | Active | 01 Jul 2017 |
| 29AACCS7137B1ZG | Karnataka | Active | 28 Nov 2022 |
To see the full GST registrations and return filing status of Spac Starch Products (India) Private Limited, buy the company report.
Recent activity
Spac Starch Products (India) Private Limited has 22 board changes on record since 1996: 5 appointments and 17 cessations. The latest: Ramalingam Suriyakanth ceased to be Managing Director on 22 Nov 2025.
56 earlier events are in the company report.
Frequently asked questions
Spac Starch Products (India) is an active private limited company based in Erode, Tamil Nadu, India. The company works in organic and health foods, within the food and beverages industry. It was incorporated on 31 May 1996 (30+ years old) and is registered under CIN U15325TZ1996PTC033450.
Spac Starch Products (India) has 5 current directors:
- Subramaniam Palanisamy - Managing Director
- Gurusamy Jayanthi - Director
- Nachimuthu Ramalingam - Director
- Ramalingam Suriyakanth - Director
- Nachimuthu Ramalingam Tamilselvi - Director
The latest financial statements of Spac Starch Products (India) on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Spac Starch Products (India) is 33AACCS7137B1ZR, registered in Tamil Nadu. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AACCS7137B1ZG (Karnataka).
The CIN (Corporate Identification Number) of Spac Starch Products (India) is U15325TZ1996PTC033450. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spac Starch Products (India) has 55 court cases on record: 45 filed by the company and 10 filed against it. 6 are pending. Most are in the district courts.
Spac Starch Products (India) was incorporated on 31 May 1996, making it 30+ years old. It is registered with the Registrar of Companies, Coimbatore.
Spac Starch Products (India) has 16 deals on record (12 secondary share transfers, 4 funding rounds), with disclosed funding of ₹32.12 Cr; the latest was in March 2023.
Ramalingam Suriyakanth ceased to be Managing Director on 22 Nov 2025. Gurusamy Jayanthi ceased to be Additional Director on 29 Sep 2025. Subramaniam Palanisamy ceased to be Additional Director on 29 Sep 2025. Spac Starch Products (India) has 22 board changes on record in total.
Spac Starch Products (India) can be reached through the website spacgroup.com. Its registered office is in Erode, Tamil Nadu, India.
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