MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-02-0118131
Panacea Spices (India) Private Limited - agriculture in Kumbakonam, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2 Cr
▼ 79% YoY
Net profit · FY 2024
₹1.33 Lakh
Net margin 0.7%
EBITDA · FY 2024
₹1.92 Lakh
EBITDA margin 1%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Company age
13 yrs
Est. 2013
Directors on board
2
As per MCA filings
Active GSTINs
1
of 2 registered
About Panacea Spices (India) Private Limited
Data last updated:
Panacea Spices (India) Private Limited is a private limited company based in Kumbakonam, Tamil Nadu, India. It operates in the agricultural products distribution segment of the agriculture sector. It was incorporated on 28 March 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U15500TN2013PTC090331. Its GSTIN is 33AAHCP1028K2ZJ (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Amaithi and Narayanasamy Rajangam Veerapandian.
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 No.26C First Floor Motilal Street, Kumbakonam, Tamil Nadu, India – 612001.
As per the financials filed for FY 2024, the company reported a revenue of ₹2 Cr, a decline of 79% compared to the previous year. For the same year it recorded a net profit of ₹1.33 Lakh (net margin 0.7%) and EBITDA of ₹1.92 Lakh (EBITDA margin 1%). Revenue has declined at a compounded annual rate (CAGR) of 50% over three years.
Panacea Spices (India) Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0118131). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website panaceafoods.com.
Company details
CIN U15500TN2013PTC090331
Registration Number 090331
Incorporation Date 28 March 2013
ROC Chennai
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 Micro
Udyam Registration UDYAM-TN-02-0118131
Recognitions & Rankings of Panacea Spices (India)
Contact details
Panacea Spices (India) Private Limited's registered office is in Kumbakonam, Tamil Nadu. Its website is panaceafoods.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.26C First Floor Motilal Street, Kumbakonam, Tamil Nadu, India – 612001
- IndustryAgriculture, Agro Retail & Distribution
To see the full contact details of Panacea Spices (India) Private Limited, buy the company report.
Comprehensive company report
Panacea Spices (India) 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 activity of Panacea Spices (India) is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Panacea Spices (India) Private Limited, buy the company report.
Financials of Panacea Spices (India) Private Limited
FY 2024 filings availablePanacea Spices (India) Private Limited reported revenue of ₹2 Cr (down 79% YoY) for FY 2024.
Revenue · FY 2024
₹2 Cr ▼ 79%
Net profit · FY 2024
₹1.33 Lakh margin 0.7%
EBITDA · FY 2024
₹1.92 Lakh margin 1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 79%
3 years · compounded
▼ 50%
EBITDA CAGR growth
1 year
▼ 79%
3 years · compounded
▼ 12%
5 years · compounded
▲ 240%
Revenue has declined at a compounded annual rate (CAGR) of 50% over three years, including a 79% fall in the latest year. EBITDA fell 79% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Total Expenses | |||||
| EBITDA | ₹1.92 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.33 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1% | ||||
| Net Profit Margin | 0.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| 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 Panacea Spices (India) Private Limited, buy the company report.
Board of directors of Panacea Spices (India) Private Limited
Panacea Spices (India) has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amaithi | Director | 06 Jun 2023 | 3 Years 4 Months | Current |
| Narayanasamy Rajangam Veerapandian Also directs: Leafin Grocery Private Limited, Environ Healthcare Private Limited | Director | 28 Mar 2013 | 13 Years 7 Months | Current |
Peer comparison
Panacea Spices (India) Private Limited is compared with the 5 companies closest to it by revenue in the Agriculture industry (Agro Retail and Distribution, Spices), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bhurik Farmer Producer Company Limited | ₹2 Cr (FY 2025) | 26.0% | Pune, Maharashtra, India | |||
| Catria International Private Limited | ₹2 Cr (FY 2024) | 904.0% | Bangalore, Karnataka, India | |||
| Panacea Spices (India) Private Limitedthis company | ₹2 Cr (FY 2024) | ₹1.33 Lakh | 0.7% | -79.0% | Kumbakonam, Tamil Nadu, India | |
| Dhairya Agriculture Producer Company Limited | ₹2 Cr (FY 2024) | 113.0% | Dudhai, Gujarat, India | |||
| Dwarikadhish Green Energy Private Limited | ₹2 Cr (FY 2023) | 382.0% | Shegan, Maharashtra, India | |||
| Uttam Ventures Private Limited | ₹2 Cr (FY 2025) | -22.0% | Agra, Uttar Pradesh, India |
To see the full peer comparison of Panacea Spices (India) Private Limited, buy the company report.
Auditor
Panacea Spices (India) Private Limited is audited by CA.R.SIVAGURU for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CA.R.SIVAGURU | FY 2023 | 209884 |
Shareholding
The shareholding of Panacea Spices (India) 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 Panacea Spices (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Panacea Spices (India) 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
No delayed payments to MSME suppliers are on our record for Panacea Spices (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Panacea Spices (India) has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAHCP1028K2ZJ | Tamil Nadu | Active | 20 Jun 2019 |
To see the full GST registrations and return filing status of Panacea Spices (India) Private Limited, buy the company report.
Recent activity
Panacea Spices (India) Private Limited has 5 board changes on record since 2013: 2 appointments and 3 cessations. The latest: . Amaithi ceased to be Additional Director on 29 Sep 2023.
AGM
Panacea Spices (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Panacea Spices (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.
Ceased
. Amaithi ceased to be Additional Director.
Appointed
Amaithi was appointed as Director.
Ceased
Vindhyadevi V ceased to be Additional Director.
Ceased
Ramalingam Gunasekaran Sugumar ceased to be Director.
Appointed
Narayanasamy Rajangam Veerapandian was appointed as Director.
Incorporation
28 Mar 2013
Panacea Spices (India) Private Limited was registered on 28 Mar 2013 with Roc Chennai & aged 13 years 7 months as per MCA records.
Frequently asked questions
Panacea Spices (India) is an active private limited company based in Kumbakonam, Tamil Nadu, India. The company works in agro retail and distribution, within the agriculture industry. It was incorporated on 28 March 2013 (13+ years old) and is registered under CIN U15500TN2013PTC090331.
Panacea Spices (India) has 2 current directors:
- Amaithi - Director
- Narayanasamy Rajangam Veerapandian - Director
The latest financial statements of Panacea Spices (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 Panacea Spices (India) is 33AAHCP1028K2ZJ, registered in Tamil Nadu. 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 Panacea Spices (India) is U15500TN2013PTC090331. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Panacea Spices (India) was incorporated on 28 March 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Panacea Spices (India) by revenue are Bhurik Farmer Producer Company Limited, Catria International Private Limited, Dhairya Agriculture Producer Company Limited, Dwarikadhish Green Energy Private Limited, Uttam Ventures Private Limited, all in the Agriculture industry (Agro Retail and Distribution, Spices), with the same principal business activity (wholesale trading).
. Amaithi ceased to be Additional Director on 29 Sep 2023. Amaithi was appointed as Director on 06 Jun 2023. Vindhyadevi V ceased to be Additional Director on 30 Sep 2022. Panacea Spices (India) has 5 board changes on record in total.
Yes, Panacea Spices (India) is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-02-0118131).
Panacea Spices (India) can be reached through the website panaceafoods.com. Its registered office is in Kumbakonam, Tamil Nadu, India.
The registered office of Panacea Spices (India) is at No.26C First Floor Motilal Street, Kumbakonam, Tamil Nadu, India – 612001.
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