MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0062989
Shanuga Spices Private Limited - food and beverages in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹17.43 Cr
▼ 71% YoY
Net loss · FY 2025
₹14.92 Lakh
Net margin -0.9%
EBITDA · FY 2025
₹43.57 Lakh
EBITDA margin 2.5%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹2 Lakh
Issued & subscribed
Open charges
₹5.8 Cr
Satisfied ₹5.3 Cr
Company age
23 yrs
Est. 2003
Directors on board
4
As per MCA filings
About Shanuga Spices Private Limited
Data last updated:
Shanuga Spices Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 11 September 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U15495PN2003PTC018341. Its GSTIN is 27AATCS4519E1Z1 (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors including Malaa Bharatt Shah and Anuga Bharat Shah.
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 Bldg A/20 Aishwarya Appt983/B Shukrawar Peth, Pune, Maharashtra, India – 411002.
As per the financials filed for FY 2025, the company reported a revenue of ₹17.43 Cr, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹14.92 Lakh (net margin -0.9%) and EBITDA of ₹43.57 Lakh (EBITDA margin 2.5%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years and 14% over five years.
The company is associated with 1 brand: Shanuga Spices. As per MCA filings, the company has open charges of ₹5.8 Cr and satisfied charges of ₹5.3 Cr on record. Court records list 13 cases involving the company, including 2 filed by the company and 11 filed against it; 12 cases are pending.
Shanuga Spices Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0062989). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website shanugaspices.com.
Company details
CIN U15495PN2003PTC018341
Registration Number 018341
Incorporation Date 11 September 2003
ROC Pune
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-26-0062989
Recognitions & Rankings of Shanuga Spices
Contact details
Shanuga Spices Private Limited's registered office is in Pune, Maharashtra. Its website is shanugaspices.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressBldg A/20 Aishwarya Appt983/B Shukrawar Peth, Pune, Maharashtra, India – 411002
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
To see the full contact details of Shanuga Spices Private Limited, buy the company report.
Comprehensive company report
Shanuga 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
Shanuga Spices operates one associated brand: Shanuga Spices. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Spice importing, exporting, and agricultural product supply in Pune, India. | shanugaspices.com |
Business activity
The main business activity of Shanuga 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 Shanuga Spices Private Limited, buy the company report.
Financials of Shanuga Spices Private Limited
FY 2025 filings availableShanuga Spices Private Limited reported revenue of ₹17.43 Cr (down 71% YoY) for FY 2025.
Revenue · FY 2025
₹17.43 Cr ▼ 71%
Net loss · FY 2025
₹14.92 Lakh margin -0.9%
EBITDA · FY 2025
₹43.57 Lakh margin 2.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 71%
3 years · compounded
▼ 22%
5 years · compounded
▼ 14%
EBITDA CAGR growth
1 year
▼ 82%
3 years · compounded
▼ 26%
5 years · compounded
▼ 5%
Revenue has declined at a compounded annual rate (CAGR) of 14% over five years, including a 71% fall in the latest year. EBITDA fell 82% 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 | ₹43.57 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹14.92 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 | 2.5% | ||||
| Net Profit Margin | -0.9% | ||||
| 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 Shanuga Spices Private Limited, buy the company report.
Board of directors of Shanuga Spices Private Limited
Shanuga Spices has 4 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 |
|---|---|---|---|---|
| Malaa Bharatt Shah | Director | 11 Sep 2003 | 23 Years 1 Months | Current |
| Anuga Bharat Shah Also directs: Consortech Tools (India) Limited | Director | 07 Jan 2016 | 10 Years 9 Months | Current |
| Shanu Bharat Shah | Director | 07 Jan 2016 | 10 Years 9 Months | Current |
| Bharatt Shah | Director | 11 Sep 2003 | 23 Years 1 Months | Current |
Peer comparison
Shanuga Spices Private Limited is compared with the 7 companies closest to it by revenue in the Food and Beverages industry (Food and Beverages 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 |
|---|---|---|---|---|---|---|
| Indyas Food Industries Limited | ₹17.45 Cr (FY 2025) | -65.0% | New Delhi, Delhi, India | |||
| Inbel Enterprises Private Limited | ₹17.45 Cr (FY 2024) | -37.0% | Gurgaon, Haryana, India | |||
| Patel Trading Enterprise Private Limited | ₹17.44 Cr (FY 2024) | 3.0% | Vadodara, Gujarat, India | |||
| Cherukupally Agro Products Private Limited | ₹17.44 Cr (FY 2024) | -47.0% | Mahabubnagar, Telangana, India | |||
| Jayraaj Agro Mills (OPC) Private Limited | ₹17.43 Cr (FY 2021) | Akola, Maharashtra, India | ||||
| Shanuga Spices Private Limitedthis company | ₹17.43 Cr (FY 2025) | -₹14.92 Lakh | -0.9% | -71.0% | Pune, Maharashtra, India | |
| Sparion International Private Limited | ₹17.42 Cr (FY 2022) | Mumbai, Maharashtra, India | ||||
| Manikaran Dealtrade Private Limited | ₹17.37 Cr (FY 2024) | 135.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Shanuga Spices Private Limited, buy the company report.
Auditor
Shanuga Spices Private Limited is audited by A P B & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A P B & ASSOCIATES | FY 2023 | 135984W |
Shareholding
The shareholding of Shanuga 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 Shanuga Spices Private Limited, buy the company report.
Charges & borrowings
Open charges
₹5.8 Cr
Satisfied charges
₹5.3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jan 2022 | 100545064 | Others | ₹15 Lakh | Open | |
| 28 Aug 2021 | 100476015 | Others | ₹5.65 Cr | Open | |
| 03 Jun 2020 | 100343789 | Tamilnad Mercantile Bank Limited | ₹29.69 Lakh | Satisfied | |
| 09 Jan 2019 | 100229210 | Tamilnad Mercantile Bank Limited | ₹5 Cr | Satisfied |
To see the full charge records of Shanuga Spices Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
Shanuga Spices Private Limited has 13 court cases on record: 2 filed by Shanuga Spices, 11 filed against it. 12 cases are pending and 1 is disposed.
Total cases
13
Filed by the company
2
Filed against the company
11
Pending
12
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 11 | 12 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Banaskanth at Palanpur, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
| District court, Banaskanth at Palanpur, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
| District court, Mahesana, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
| District court, Mahesana, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
| District court, Mahesana, Gujarat | Commercial matter | Filed against the company by an individual | Pending |
To see the full case history of Shanuga 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 Shanuga Spices Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shanuga Spices has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AATCS4519E1Z1 | Maharashtra | Active | 24 Nov 2017 |
To see the full GST registrations and return filing status of Shanuga Spices Private Limited, buy the company report.
Recent activity
Shanuga Spices Private Limited has 7 board changes on record since 2003: 4 appointments and 3 cessations. The latest: Vastupal Shah ceased to be Additional Director on 29 Sep 2023.
AGM
Shanuga Spices Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Shanuga Spices Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Ceased
Vastupal Shah ceased to be Additional Director.
Charges
A charge with Others of Rs. 565.00 Lakh registered on 28 Aug 2021 with Charge ID 100476015 was modified on 31 Dec 2022.
Charges
A charge registered on 09 Jan 2019 via Charge ID 100229210 with Tamilnad Mercantile Bank Limited was fully satisfied on 06 Oct 2022.
Charges
A charge with Others amounted to Rs. 15.00 Lakh with Charge ID 100545064 was registered on 28 Jan 2022.
Charges
A charge registered on 03 Jun 2020 via Charge ID 100343789 with Tamilnad Mercantile Bank Limited was fully satisfied on 06 Sep 2021.
Charges
A charge with Others amounted to Rs. 565.00 Lakh with Charge ID 100476015 was registered on 28 Aug 2021.
Charges
A charge with Tamilnad Mercantile Bank Limited amounted to Rs. 29.69 Lakh with Charge ID 100343789 was registered on 03 Jun 2020.
Charges
A charge with Tamilnad Mercantile Bank Limited amounted to Rs. 500.00 Lakh with Charge ID 100229210 was registered on 09 Jan 2019.
Ceased
Anuga Bharat Shah ceased to be Additional Director.
Ceased
Shanu Bharat Shah ceased to be Additional Director.
5 earlier events are in the company report.
Frequently asked questions
Shanuga Spices is an active private limited company based in Pune, Maharashtra, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 11 September 2003 (23+ years old) and is registered under CIN U15495PN2003PTC018341.
Shanuga Spices has 4 current directors:
- Malaa Bharatt Shah - Director
- Anuga Bharat Shah - Director
- Shanu Bharat Shah - Director
- Bharatt Shah - Director
The latest financial statements of Shanuga 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 Shanuga Spices is 27AATCS4519E1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Shanuga Spices is U15495PN2003PTC018341. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shanuga Spices has 13 court cases on record: 2 filed by the company and 11 filed against it. 12 are pending. Most are in the district courts.
Shanuga Spices was incorporated on 11 September 2003, making it 23+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Shanuga Spices by revenue are Indyas Food Industries Limited, Inbel Enterprises Private Limited, Patel Trading Enterprise Private Limited, Cherukupally Agro Products Private Limited, Jayraaj Agro Mills (OPC) Private Limited and 2 more, all in the Food and Beverages industry (Food and Beverages Retail and Distribution, Spices), with the same principal business activity (wholesale trading).
Vastupal Shah ceased to be Additional Director on 29 Sep 2023. Anuga Bharat Shah ceased to be Additional Director on 30 Sep 2016. Shanu Bharat Shah ceased to be Additional Director on 30 Sep 2016. Shanuga Spices has 7 board changes on record in total.
Yes, Shanuga Spices is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0062989).
Shanuga Spices can be reached through the website shanugaspices.com. Its registered office is in Pune, Maharashtra, India.
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