About Spartan Engineering Industries Private Limited
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Spartan Engineering Industries Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the construction machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 30 September 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74210MH1988PTC049025. Its GSTIN is 27AAACS7816F1ZC (Maharashtra). The company holds 9 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It is led by directors including Mahendra Pranjivandas Mehta and Hiral Vikram Mehta.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 111 New Tejpal Indust Estateandheri Kurla Rd Sakinaka, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2023, the company reported a revenue of ₹178.2 Cr, a growth of 35% compared to the previous year. For the same year it recorded a net profit of ₹2.44 Cr (net margin 1.4%) and EBITDA of ₹11.95 Cr (EBITDA margin 6.7%). Revenue has grown at a compounded annual rate (CAGR) of 30% over three years and 14% over five years.
The company has about 236 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Spartan Engineering Industries. As per MCA filings, the company has open charges of ₹124.1 Cr and satisfied charges of ₹5.75 Cr on record. Court records list 172 cases involving the company, including 67 filed by the company and 106 filed against it; 101 cases are pending. The company has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹3 Cr; the latest was in April 2024. Its 4 peer companies in the Machinery and Equipment industry (Construction Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 2 smaller; the largest is Venus Techno Equipment Private Limited with revenue of ₹183.05 Cr. The company has 50 MSME Form 1 returns on record between 2017 and 2024, listing 9,177 overdue payments to 61 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spartanindia.com.
Company details
Contact details
Spartan Engineering Industries Private Limited's registered office is in Mumbai, Maharashtra. Its website is spartanindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address111 New Tejpal Indust Estateandheri Kurla Rd Sakinaka, Mumbai, Maharashtra, India – 400072
- IndustryMachinery and Equipment, Construction Machinery & Equipment
To see the full contact details of Spartan Engineering Industries 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
Brands
Spartan Engineering Industries operates one associated brand: Spartan Engineering Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies construction equipment, including bar bending machines and firemen evacuation lifts. | spartanindia.com |
Business activity
The main business activities of Spartan Engineering Industries are manufacturing and trade. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and retail 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 | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Spartan Engineering Industries Private Limited, buy the company report.
Financials of Spartan Engineering Industries Private Limited
FY 2023 filings availableSpartan Engineering Industries Private Limited reported revenue of ₹178.2 Cr (up 35% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 35% growth in the latest year. EBITDA rose 10% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹178.2 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹11.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.44 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.7% | ||||
| Net Profit Margin | 1.4% | ||||
| 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 Spartan Engineering Industries Private Limited, buy the company report.
Board of directors of Spartan Engineering Industries Private Limited
Spartan Engineering Industries has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendra Pranjivandas Mehta | Director | 01 Jun 2005 | 21 Years 4 Months | Current |
| Hiral Vikram Mehta | Director | 15 Feb 2005 | 21 Years 8 Months | Current |
| Vikram Mahendra Mehta | Director | 30 Sep 1998 | 28 Years 0 Months | Current |
Peer comparison
Spartan Engineering Industries Private Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Construction Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Venus Techno Equipment Private Limited | ₹183.05 Cr (FY 2025) | 15.0% | Motap, Gujarat, India | |||
| Spartan Engineering Industries Private Limitedthis company | ₹178.2 Cr (FY 2023) | ₹2.44 Cr | 1.4% | 35.0% | 236 | Mumbai, Maharashtra, India |
| Xuzhou Construction Machinery Manufacturing (India) Private Limited | ₹169.27 Cr (FY 2022) | 218.0% | Tiruvannamalai, Tamil Nadu, India | |||
| Alltech India Limited | ₹127.19 Cr (FY 2025) | 23.0% | Mehsana, Gujarat, India | |||
| Nakoda Machinery Private Limited | ₹122.37 Cr (FY 2025) | 17.0% | Ahmednagar, Maharashtra, India |
To see the full peer comparison of Spartan Engineering Industries Private Limited, buy the company report.
Auditor
Spartan Engineering Industries Private Limited is audited by S M Bhat & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S M Bhat & Associates | FY 2023 | 131347W |
Shareholding
The shareholding of Spartan Engineering Industries 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 Spartan Engineering Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Oct 2024 | 101004542 | Axis Bank Limited | ₹1.98 Cr | Open | |
| 31 Aug 2024 | 100981256 | Others | ₹2.4 Cr | Open | |
| 28 Jun 2024 | 100951457 | Bank of India | ₹5 Cr | Open | |
| 26 Mar 2024 | 100922640 | Bank of India | ₹5 Cr | Open | |
| 19 May 2022 | 100580371 | Others | ₹1.09 Cr | Open |
To see the full charge records of Spartan Engineering Industries Private Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Spartan Engineering Industries Private Limited has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹3 Cr; the latest was in April 2024.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2024 | Funding round | ₹50 Lakh | Investors: 2 individuals |
| Jan 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2019 | Funding round | ₹50 Lakh | Investors: 3 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2017 | Funding round | ₹1.25 Cr | Investors: 4 individuals |
To see the full deal history of Spartan Engineering Industries 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
Spartan Engineering Industries Private Limited has 172 court cases on record: 67 filed by Spartan Engineering Industries, 106 filed against it. 101 cases are pending and 71 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 160 | 102 | 101 |
| High courts | 8 | 4 | 0 |
| NCLT | 4 | 0 | 0 |
Cases on record (5 of 172)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by Siemens Financial Services Pvt Ltd | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by Ms Rvik Consultant Pvt Ltd | Pending |
| District court, Nashik, Maharashtra | Civil suit | Filed against the company by Teknocrat'S Control Systems(India) Pvt. Ltd. THR Nilesh Salgaonkar | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed by the company against M/S. Divyam Developers Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against DP Jain and Co Infrastructure Pvt Ltd and 1 other | Pending |
To see the full case history of Spartan Engineering Industries 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
Spartan Engineering Industries Private Limited was last rated by Icra on 04 Mar 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 04 Mar 2020 |
To see the full credit ratings and regulatory alerts of Spartan Engineering Industries Private Limited, buy the company report.
MSME payment delays
Spartan Engineering Industries Private Limited has 50 MSME Form 1 returns on record between 2017 and 2024, listing 9,177 overdue payments to 61 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 61)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Piyush Fabricators Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| TMT Engineering Industries | |||
| an individual supplier |
To see the full MSME payment records of Spartan Engineering Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Spartan Engineering Industries Private Limited has a workforce of 236 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Spartan Engineering Industries has 9 GST registrations: 4 active and 5 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACS7816F1ZC | Maharashtra | Active | 01 Jul 2017 |
| 09AAACS7816F1ZA | Uttar Pradesh | Active | 01 Jul 2017 |
| 19AAACS7816F1Z9 | West Bengal | Active | 01 Jul 2017 |
| 29AAACS7816F1Z8 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spartan Engineering Industries Private Limited, buy the company report.
Recent activity
Spartan Engineering Industries Private Limited has 4 board changes on record since 1998: 3 appointments and 1 cessation. The latest: Rajul Mahendra Mehta ceased to be Director on 07 Jan 2016.
20 earlier events are in the company report.
Frequently asked questions
Spartan Engineering Industries is an active private limited company based in Mumbai, Maharashtra, India. The company works in construction machinery and equipment, within the machinery and equipment industry. It was incorporated on 30 September 1988 (38+ years old) and is registered under CIN U74210MH1988PTC049025.
Spartan Engineering Industries has 3 current directors:
- Mahendra Pranjivandas Mehta - Director
- Hiral Vikram Mehta - Director
- Vikram Mahendra Mehta - Director
The latest financial statements of Spartan Engineering Industries on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Spartan Engineering Industries is 27AAACS7816F1ZC, registered in Maharashtra. The company has 9 GST registrations in all, of which 4 are active and 5 are cancelled or inactive. Other active GSTINs include 09AAACS7816F1ZA (Uttar Pradesh), 19AAACS7816F1Z9 (West Bengal), 29AAACS7816F1Z8 (Karnataka).
The CIN (Corporate Identification Number) of Spartan Engineering Industries is U74210MH1988PTC049025. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spartan Engineering Industries has 172 court cases on record: 67 filed by the company and 106 filed against it. 101 are pending. Most are in the district courts.
Spartan Engineering Industries was incorporated on 30 September 1988, making it 38+ years old. It is registered with the Registrar of Companies, Mumbai.
Spartan Engineering Industries has 9 deals on record (5 funding rounds, 4 secondary share transfers), with disclosed funding of ₹3 Cr; the latest was in April 2024.
The peers of Spartan Engineering Industries by revenue are Venus Techno Equipment Private Limited, Xuzhou Construction Machinery Manufacturing (India) Private Limited, Alltech India Limited, Nakoda Machinery Private Limited, all in the Machinery and Equipment industry (Construction Equipment), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Rajul Mahendra Mehta ceased to be Director on 07 Jan 2016. Mahendra Pranjivandas Mehta was appointed as Director on 01 Jun 2005. Hiral Vikram Mehta was appointed as Director on 15 Feb 2005. Spartan Engineering Industries has 4 board changes on record in total.
Spartan Engineering Industries has 50 MSME Form 1 returns on record between 2017 and 2024, listing 9,177 overdue payments to 61 micro and small suppliers. The latest return was filed on 14 Jun 2024.
Spartan Engineering Industries can be reached through the website spartanindia.com. Its registered office is in Mumbai, Maharashtra, India.