Springwel Mattresses Private Limited

Springwel Mattresses Private Limited - consumer goods in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U74899MH1996PTC417435 Incorporated 24 October 1996 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company consumer goods MSME · Medium
Data last updated
Revenue · FY 2024
₹258.71 Cr
▲ 2% YoY
Net profit · FY 2024
₹2.52 Cr
Net margin 1%
EBITDA · FY 2024
₹9.97 Cr
EBITDA margin 3.9%
Authorised capital
₹4.99 Cr
Registered with MCA
Paid-up capital
₹3.74 Cr
Issued & subscribed
Open charges
₹64.44 Cr
Satisfied ₹125.65 Cr
Company age
30 yrs
Est. 1996
Employees · EPFO
344
Provident fund records

About Springwel Mattresses Private Limited

Data last updated:

Springwel Mattresses Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the home furnishings manufacturing segment of the consumer goods sector. It was incorporated on 24 October 1996 and has been in existence for over 30 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74899MH1996PTC417435. Its GSTIN is 27AABCS7172H1Z6 (Maharashtra). The company holds 10 GST registrations, of which 6 are active.

The company has an authorised share capital of ₹4.99 Cr and a paid-up capital of ₹3.74 Cr. It was formerly known as Springwel Mattresses Limited. It is led by directors including Shalabh Pokharna and Sunil Kashiprasad Kedia.

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 Mumbai, Maharashtra.

As per the financials filed for FY 2024, the company reported a revenue of ₹258.71 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net profit of ₹2.52 Cr (net margin 1%) and EBITDA of ₹9.97 Cr (EBITDA margin 3.9%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 16% over five years.

The company has about 344 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Springwel Mattresses. As per MCA filings, the company has open charges of ₹64.44 Cr and satisfied charges of ₹125.65 Cr on record. Court records list 30 cases involving the company, including 22 filed by the company and 8 filed against it; 12 cases are pending. The company has 12 deals on record (8 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹2.16 Cr; the latest was in March 2023. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 49 overdue payments to 14 micro and small suppliers.

Springwel Mattresses Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-02-0000381). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website springwel.com.

Company details

CIN U74899MH1996PTC417435
Registration Number 417435
Incorporation Date 24 October 1996
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-RJ-02-0000381

CIN history

Springwel Mattresses has one previous CIN (Corporate Identification Number): U74899DL1996PTC082880. The current CIN is U74899MH1996PTC417435, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
U74899MH1996PTC417435Current
U74899DL1996PTC082880Previous
Key People
Shalabh Pokharna Director Sunil Kashiprasad Kedia Director Vipin Jain Director

Recognitions & Rankings of Springwel Mattresses

MSME (Udyam registered) Ministry of MSME
Category
Medium (2022-23)
Udyam number
UDYAM-RJ-02-0000381

Contact details

Springwel Mattresses Private Limited's registered office is in Mumbai, Maharashtra. Its website is springwel.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    springwel.com
  • Social Media
  • Registered Address
    12 Floor – 3 12/14 Brady House, Veer Nariman Road Horniman Circle Fort, Mumbai, Maharashtra, India – 400001
  • Industry
    Consumer Goods, Home Furnishings Manufacturing

To see the full contact details of Springwel Mattresses Private Limited, buy the company report.

Comprehensive company report
Springwel Mattresses 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Springwel Mattresses operates one associated brand: Springwel Mattresses. Each brand links to its own profile.

BrandDescriptionWebsite
Springwel Mattresses
Mattresses are manufactured in various types and materials.springwel.com

Business activity

The main business activity of Springwel Mattresses is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC8Plastic products, non-metallic mineral products, rubber products, fabricated metal products

To see the full business activity and turnover split of Springwel Mattresses Private Limited, buy the company report.

Financials of Springwel Mattresses Private Limited

FY 2024 filings available

Springwel Mattresses Private Limited reported revenue of ₹258.71 Cr (up 2% YoY) for FY 2024.

Revenue · FY 2024
₹258.71 Cr ▲ 2%
Net profit · FY 2024
₹2.52 Cr margin 1%
EBITDA · FY 2024
₹9.97 Cr margin 3.9%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 31%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 11%
3 years · compounded
▲ 6%
5 years · compounded
▼ 1%

Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 2% growth in the latest year. EBITDA rose 11% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹9.97 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹2.52 Cr
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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin3.9%
Net Profit Margin1%
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 Springwel Mattresses Private Limited, buy the company report.

Board of directors of Springwel Mattresses Private Limited

Springwel Mattresses has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Shalabh Pokharna
Also directs: Krigler Fragrance Private Limited, Idam Natural Wellness Private Limited, Bevzilla Private Limited and 5 more
Director02 Apr 20251 Years 6 MonthsCurrent
Sunil Kashiprasad Kedia
Also directs: Phygital Financial Solutions LLP, Gyan Plantations Private Limited, Saroj Plantations Private Limited and 5 more
Director12 Aug 20233 Years 2 MonthsCurrent
Vipin JainDirector12 Aug 20233 Years 2 MonthsCurrent
Jinay Bharat Jain
Also directs: Guardian Nutrition and Healthcare Private Limited, Bevzilla Private Limited, Fonte Fashions India Private Limited and 5 more
Director23 Jun 20233 Years 4 MonthsCurrent
View all directors

Auditor

Springwel Mattresses Private Limited is audited by S.S. Kothari Mehta & Company for the financial year 2023.

Auditor firmFinancial yearFirm registration number
S.S. Kothari Mehta & CompanyFY 2023000756N

Shareholding

The shareholding of Springwel Mattresses 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 categoryFY 2023FY 2022FY 2021FY 2020FY 2019
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Springwel Mattresses Private Limited, buy the company report.

Charges & borrowings

Open charges
₹64.44 Cr
Satisfied charges
₹125.65 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹64.44 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
02 May 2018100198056Hdfc Bank Limited₹12.4 LakhOpen
08 Nov 2017100152029Hdfc Bank Limited₹9 LakhOpen
31 Jul 201010238839Hdfc Bank Limited₹64.23 CrOpen
18 Oct 2022100680866Hdfc Bank Limited₹64.23 CrSatisfied
15 Mar 201110272719Director of Industries₹30 LakhSatisfied

To see the full charge records of Springwel Mattresses Private Limited, buy the company report.

Total charge records: 12 View all charges

Deals & funding

Springwel Mattresses Private Limited has 12 deals on record (8 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹2.16 Cr; the latest was in March 2023.

Total deals
12
Secondary share transfers
8
Rights issues
2
Funding rounds
2
Disclosed funding
₹2.16 Cr

Deals on record (5 of 12)

WhenDealAmountParties
Mar 2023Secondary share transferUndisclosedBuyer: 3 individuals
Seller: 4 individuals
Feb 2023Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Jun 2022Rights issue₹16.97 CrInvestors: 4 individuals
Aug 2021Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Mar 2016Secondary share transferUndisclosedBuyer: an individual
Seller: an individual

To see the full deal history of Springwel Mattresses Private Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

Springwel Mattresses Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 49 overdue payments to 14 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 14)

SupplierAmount dueDue sinceReported on
an individual supplier
an individual supplier
Reflex Foam LLP
an individual supplier
Rudra Blades & Edges Private Limited

To see the full MSME payment records of Springwel Mattresses Private Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Employees & EPFO

Springwel Mattresses Private Limited has a workforce of 344 employees on its EPFO records as of Mar 30, 2024, across 2 active EPFO establishments.

Employee count
344
Active EPFO establishments
2
Employee growth
16.22%

GST

Springwel Mattresses has 10 GST registrations: 6 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
10
Active
6
Cancelled / inactive
4
GSTINStateStatusRegistered on
27AABCS7172H1Z6MaharashtraActive01 Jul 2017
06AABCS7172H2Z9HaryanaActive01 Jul 2017
08AABCS7172H1Z6RajasthanActive01 Jul 2017
29AABCS7172H1Z2KarnatakaActive01 Jul 2017

To see the full GST registrations and return filing status of Springwel Mattresses Private Limited, buy the company report.

Recent activity

Springwel Mattresses Private Limited has 22 board changes on record since 1997: 13 appointments and 9 cessations. The latest: Paramjeet Singh Chhabra ceased to be Director on 21 Aug 2025.

Ceased
Paramjeet Singh Chhabra ceased to be Director.
Appointed
Shalabh Pokharna was appointed as Director.
Ceased
Ronakkumar Rajeshkumar Modi ceased to be Director.
AGM
Springwel Mattresses Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Springwel Mattresses Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 18 Oct 2022 via Charge ID 100680866 with Hdfc Bank Limited was fully satisfied on 16 Nov 2023.
Charges
A charge registered on 28 Jul 2010 via Charge ID 10239545 with Hdfc Bank Limited was fully satisfied on 16 Nov 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 64.23 Cr registered on 31 Jul 2010 with Charge ID 10238839 was modified on 23 Oct 2023.
Ceased
Sanjeev Taparia ceased to be Director.
Appointed
Sunil Kashiprasad Kedia was appointed as Director.
Appointed
Vipin Jain was appointed as Director.
Ceased
Ashutosh Taparia ceased to be Director.

40 earlier events are in the company report.

News

Frequently asked questions

Springwel Mattresses is an active private limited company based in Mumbai, Maharashtra, India. The company works in home furnishings manufacturing, within the consumer goods industry. It was incorporated on 24 October 1996 (30+ years old) and is registered under CIN U74899MH1996PTC417435.

Springwel Mattresses has 4 current directors:

The latest financial statements of Springwel Mattresses 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 Springwel Mattresses is 27AABCS7172H1Z6, registered in Maharashtra. The company has 10 GST registrations in all, of which 6 are active and 4 are cancelled or inactive. Other active GSTINs include 06AABCS7172H2Z9 (Haryana), 08AABCS7172H1Z6 (Rajasthan), 29AABCS7172H1Z2 (Karnataka).

The CIN (Corporate Identification Number) of Springwel Mattresses is U74899MH1996PTC417435. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Springwel Mattresses has 30 court cases on record: 22 filed by the company and 8 filed against it. 12 are pending. Most are in the district courts.

Springwel Mattresses was incorporated on 24 October 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.

Springwel Mattresses has 12 deals on record (8 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹2.16 Cr; the latest was in March 2023.

Paramjeet Singh Chhabra ceased to be Director on 21 Aug 2025. Shalabh Pokharna was appointed as Director on 02 Apr 2025. Ronakkumar Rajeshkumar Modi ceased to be Director on 16 Dec 2024. Springwel Mattresses has 22 board changes on record in total.

Yes, Springwel Mattresses is registered as a medium enterprise under Udyam registration (number: UDYAM-RJ-02-0000381).

Springwel Mattresses has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 49 overdue payments to 14 micro and small suppliers. The latest return was filed on 30 May 2019.