MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-14-0005176
Shanti Spices Private Limited - food and beverages in Jalgaon, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹19.25 Cr
▼ 43% YoY
Net profit · FY 2025
₹9.92 Lakh
Net margin 0.5%
EBITDA · FY 2025
₹36.97 Lakh
EBITDA margin 1.9%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹40 Lakh
Issued & subscribed
Open charges
₹2.5 Cr
Satisfied ₹8.07 Cr
Company age
16 yrs
Est. 2010
Employees · EPFO
67
Provident fund records
About Shanti Spices Private Limited
Data last updated:
Shanti Spices Private Limited is a private limited company based in Jalgaon, Maharashtra, India. It operates in the spice manufacturing and distribution segment of the food and beverages sector. It was incorporated on 09 August 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15495MH2010PTC206346. Its GSTIN is 27AAOCS7037A1ZB (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors including Narendra Shantilal Doshi and Sushil Satish Doshi.
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 Jalgaon, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹19.25 Cr, a decline of 43% compared to the previous year. For the same year it recorded a net profit of ₹9.92 Lakh (net margin 0.5%) and EBITDA of ₹36.97 Lakh (EBITDA margin 1.9%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 3% over five years.
The company has about 67 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Khandeshi Masala. As per MCA filings, the company has open charges of ₹2.5 Cr and satisfied charges of ₹8.07 Cr on record. Court records list 18 cases involving the company, including 18 filed by the company; 10 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹39 Lakh; the latest was in March 2021. Its 4 peer companies in the Food and Beverages industry (Spices), with the same principal business activity (wholesale trading) are compared by revenue, 1 larger and 3 smaller; the largest is Herbex Exports Private Limited with revenue of ₹20.18 Cr.
Shanti Spices Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-14-0005176). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website khandeshimasala.com.
Company details
CIN U15495MH2010PTC206346
Registration Number 206346
Incorporation Date 09 August 2010
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-14-0005176
Key People
Narendra Shantilal Doshi Director Sushil Satish Doshi Director Jyoti Sushil Doshi Director Recognitions & Rankings of Shanti Spices
Contact details
Shanti Spices Private Limited's registered office is in Jalgaon, Maharashtra. Its website is khandeshimasala.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBalaji Heights B – Wing Flat No – 2 S.No 415/1 Plot No 32 To 39 Mohadi Roa, D, Jalgaon, Maharashtra, India – 425002
- IndustryFood and Beverages, Spice Manufacturing & Distribution
To see the full contact details of Shanti Spices Private Limited, buy the company report.
Comprehensive company report
Shanti Spices 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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Brands
Shanti Spices operates one associated brand: Khandeshi Masala. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Spice manufacturing and sales in Maharashtra. | khandeshimasala.com |
Business activity
The main business activity of Shanti Spices 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 Shanti Spices Private Limited, buy the company report.
Financials of Shanti Spices Private Limited
FY 2025 filings availableShanti Spices Private Limited reported revenue of ₹19.25 Cr (down 43% YoY) for FY 2025.
Revenue · FY 2025
₹19.25 Cr ▼ 43%
Net profit · FY 2025
₹9.92 Lakh margin 0.5%
EBITDA · FY 2025
₹36.97 Lakh margin 1.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 43%
3 years · compounded
▼ 7%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▼ 22%
3 years · compounded
▼ 3%
5 years · compounded
▼ 1%
Revenue fell 43% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 22% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹36.97 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.92 Lakh | ||||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.9% | ||||
| Net Profit Margin | 0.5% | ||||
| 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 Shanti Spices Private Limited, buy the company report.
Board of directors of Shanti Spices Private Limited
Shanti Spices has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narendra Shantilal Doshi | Director | 09 Aug 2010 | 16 Years 2 Months | Current |
| Sushil Satish Doshi | Director | 09 Aug 2010 | 16 Years 2 Months | Current |
| Jyoti Sushil Doshi | Director | 05 Sep 2012 | 14 Years 2 Months | Current |
| Manjusha Narendra Doshi | Director | 05 Sep 2012 | 14 Years 2 Months | Current |
Peer comparison
Shanti Spices Private Limited is compared with the 4 companies closest to it by revenue in the Food and Beverages industry (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 |
|---|---|---|---|---|---|---|
| Herbex Exports Private Limited | ₹20.18 Cr (FY 2025) | -41.0% | Raipur, Chhattisgarh, India | |||
| Shanti Spices Private Limitedthis company | ₹19.25 Cr (FY 2025) | ₹9.92 Lakh | 0.5% | -43.0% | 67 | Jalgaon, Maharashtra, India |
| Aarohie Nutrifood Private Limited | ₹18.82 Cr (FY 2025) | 24.0% | Raipur, Chhattisgarh, India | |||
| Manish Mangla Flavours Private Limited | ₹18.64 Cr (FY 2025) | -6.0% | New Delhi, Delhi, India | |||
| Shahi Spices India Private Limited | ₹18.62 Cr (FY 2025) | 87.0% | Palghar, Maharashtra, India |
To see the full peer comparison of Shanti Spices Private Limited, buy the company report.
Auditor
Shanti Spices Private Limited is audited by Ratan Chandak and Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ratan Chandak and Co. | FY 2023 | 108696W |
Shareholding
The shareholding of Shanti Spices 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 Shanti Spices Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.5 Cr
Satisfied charges
₹8.07 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Sep 2021 | 100491837 | Others | ₹2.5 Cr | Open | |
| 23 Dec 2015 | 10622576 | Others | ₹5.19 Cr | Satisfied | |
| 16 Feb 2015 | 10552527 | Others | ₹1.85 Cr | Satisfied | |
| 21 Mar 2013 | 10412661 | State Bank of India | ₹60 Lakh | Satisfied | |
| 27 Mar 2012 | 10350370 | The Shamrao Vithal Co-Operative Bank Ltd | ₹33.58 Lakh | Satisfied |
To see the full charge records of Shanti Spices Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Shanti Spices Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹39 Lakh; the latest was in March 2021.
Total deals
3
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹39 Lakh
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| May 2014 | Funding round | ₹35 Lakh | Investors: 4 individuals |
| Jun 2011 | Funding round | ₹4 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Shanti Spices Private Limited has 18 court cases on record: 18 filed by Shanti Spices. 10 cases are pending and 8 are disposed.
Total cases
18
Filed by the company
18
Pending
10
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 0 | 10 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jalgaon, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Jalgaon, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Jalgaon, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Jalgaon, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| District court, Jalgaon, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Shanti Spices 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Shanti Spices Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Shanti Spices Private Limited has a workforce of 67 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
67
Active EPFO establishments
1
Employee growth
-16.25%
GST
Shanti Spices has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAOCS7037A1ZB | Maharashtra | Active | 01 Jul 2017 |
| 24AAOCS7037A1ZH | Gujarat | Active | 01 Jul 2017 |
| 23AAOCS7037A1ZJ | Madhya Pradesh | Active | 13 Apr 2018 |
To see the full GST registrations and return filing status of Shanti Spices Private Limited, buy the company report.
Recent activity
Shanti Spices Private Limited has 4 board changes on record since 2010: 4 appointments. The latest: Jyoti Sushil Doshi was appointed as Director on 05 Sep 2012.
AGM
Shanti Spices Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Shanti Spices Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge registered on 23 Dec 2015 via Charge ID 10622576 with Others was fully satisfied on 04 Jan 2023.
Charges
A charge registered on 16 Feb 2015 via Charge ID 10552527 with Others was fully satisfied on 04 Jan 2023.
Charges
A charge with Others of Rs. 250.00 Lakh registered on 27 Sep 2021 with Charge ID 100491837 was modified on 22 Jul 2022.
Charges
A charge with Others amounted to Rs. 250.00 Lakh with Charge ID 100491837 was registered on 27 Sep 2021.
Charges
A charge with Others of Rs. 518.77 Lakh registered on 23 Dec 2015 with Charge ID 10622576 was modified on 06 Oct 2020.
Charges
A charge with Others of Rs. 185.00 Lakh registered on 16 Feb 2015 with Charge ID 10552527 was modified on 03 Sep 2020.
Charges
A charge with Others amounted to Rs. 518.77 Lakh with Charge ID 10622576 was registered on 23 Dec 2015.
Charges
A charge registered on 21 Mar 2013 via Charge ID 10412661 with State Bank Of India was fully satisfied on 24 Feb 2015.
Charges
A charge with Others amounted to Rs. 185.00 Lakh with Charge ID 10552527 was registered on 16 Feb 2015.
Charges
A charge with State Bank Of India amounted to Rs. 60.00 Lakh with Charge ID 10412661 was registered on 21 Mar 2013.
9 earlier events are in the company report.
Frequently asked questions
Shanti Spices is an active private limited company based in Jalgaon, Maharashtra, India. The company works in spice manufacturing and distribution, within the food and beverages industry. It was incorporated on 09 August 2010 (16+ years old) and is registered under CIN U15495MH2010PTC206346.
Shanti Spices has 4 current directors:
- Narendra Shantilal Doshi - Director
- Sushil Satish Doshi - Director
- Jyoti Sushil Doshi - Director
- Manjusha Narendra Doshi - Director
The latest financial statements of Shanti Spices 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 Shanti Spices is 27AAOCS7037A1ZB, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 24AAOCS7037A1ZH (Gujarat), 23AAOCS7037A1ZJ (Madhya Pradesh).
The CIN (Corporate Identification Number) of Shanti Spices is U15495MH2010PTC206346. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shanti Spices has 18 court cases on record: 18 filed by the company. 10 are pending.
Shanti Spices was incorporated on 09 August 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Shanti Spices has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹39 Lakh; the latest was in March 2021.
The peers of Shanti Spices by revenue are Herbex Exports Private Limited, Aarohie Nutrifood Private Limited, Manish Mangla Flavours Private Limited, Shahi Spices India Private Limited, all in the Food and Beverages industry (Spices), with the same principal business activity (wholesale trading).
Jyoti Sushil Doshi was appointed as Director on 05 Sep 2012. Manjusha Narendra Doshi was appointed as Director on 05 Sep 2012. Narendra Shantilal Doshi was appointed as Director on 09 Aug 2010. Shanti Spices has 4 board changes on record in total.
Yes, Shanti Spices is registered as a small enterprise under Udyam registration (number: UDYAM-MH-14-0005176).
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