Spacence Systems Private Limited

Spacence Systems Private Limited - transportation in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN U35999GJ2021PTC120160 Incorporated 10 February 2021 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Private Limited Company transportation DPIIT Startup MSME · Micro
Data last updated
Revenue · FY 2025
₹53.36 Lakh
▼ 21% YoY
Net profit · FY 2025
₹1.2 Lakh
Net margin 2.3%
EBITDA · FY 2025
₹2.82 Lakh
EBITDA margin 5.3%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered

About Spacence Systems Private Limited

Data last updated:

Spacence Systems Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the transport equipment segment of the transportation sector. It was incorporated on 10 February 2021 and has been in existence for over 5 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U35999GJ2021PTC120160. Its GSTIN is 24ABFCS4443J1Z9 (Gujarat).

The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Satish Bhavanishankar Sharma (Managing Director) and Dhaval Arvind Prajapati.

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 B/100 Ghanshyampark Tenaments – Owners Association B/H Bhagawati Soc Ghodasar, Ahmedabad, Gujarat, India – 380050.

As per the financials filed for FY 2025, the company reported a revenue of ₹53.36 Lakh, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹1.2 Lakh (net margin 2.3%) and EBITDA of ₹2.82 Lakh (EBITDA margin 5.3%). Revenue has grown at a compounded annual rate (CAGR) of 181% over three years.

The company is associated with 1 brand: Spacence.

Spacence Systems Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0061658).

Company details

CIN U35999GJ2021PTC120160
Registration Number 120160
Incorporation Date 10 February 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-GJ-01-0061658
Key People
Satish Bhavanishankar Sharma Managing Director Dhaval Arvind Prajapati Director

Recognitions & Rankings of Spacence Systems

DPIIT recognised startup Government of India
Startup India
MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-GJ-01-0061658

Contact details

Spacence Systems Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.

  • Email
  • Registered Address
    B/100 Ghanshyampark Tenaments – Owners Association B/H Bhagawati Soc Ghodasar, Ahmedabad, Gujarat, India – 380050
  • Industry
    Transportation, Transport Equipment, Manufacturing

To see the full contact details of Spacence Systems Private Limited, buy the company report.

Comprehensive company report
Spacence Systems 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

Spacence Systems operates one associated brand: SPACENCE. Each brand links to its own profile.

BrandDescriptionWebsite
SPACENCE
Offers design, development, fabrication, and integration for space and defence hardware.spacence.com

Business activity

The main business activity of Spacence Systems is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC9Computer, electronic, Communication and scientific measuring & control equipment

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

Financials of Spacence Systems Private Limited

FY 2025 filings available

Spacence Systems Private Limited reported revenue of ₹53.36 Lakh (down 21% YoY) for FY 2025.

Revenue · FY 2025
₹53.36 Lakh ▼ 21%
Net profit · FY 2025
₹1.2 Lakh margin 2.3%
EBITDA · FY 2025
₹2.82 Lakh margin 5.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 21%
3 years · compounded
▲ 181%
EBITDA CAGR growth
1 year
▲ 84%

Revenue fell 21% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 181%. EBITDA rose 84% 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 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹2.82 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹1.2 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin5.3%
Net Profit Margin2.3%
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 Spacence Systems Private Limited, buy the company report.

Board of directors of Spacence Systems Private Limited

Spacence Systems has 2 directors on record. No former directors are listed.

Current Directors
NameDesignationAppointment DateTenureStatus
Dhaval Arvind Prajapati
Also directs: Avon Drinks Pvt Ltd, Lotus Instruments Solutions Private Limited, Glotus Engineering Private Limited
Director10 Feb 20215 Years 8 MonthsCurrent
Satish Bhavanishankar SharmaManaging Director10 Feb 20215 Years 8 MonthsCurrent
View all directors

Peer comparison

Spacence Systems Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (computer, electronic, communication and scientific measuring & control equipment), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Skyraa Interconnect India Private Limited₹54.06 Lakh (FY 2024)Kanchipuram, Tamil Nadu, India
Fourth Dimension Informix Private Limited₹53.93 Lakh (FY 2020)-31.0%Raebareli, Uttar Pradesh, India
Neural Controls Private Limited.₹53.62 Lakh (FY 2020)10.0%Ahmedabad, Gujarat, India
Ess Consumer Care Private Limited₹53.48 Lakh (FY 2016)Bhubaneswar, Odisha, India
Dustven Private Limited₹53.44 Lakh (FY 2025)51.0%Bangalore, Karnataka, India
Spacence Systems Private Limitedthis company₹53.36 Lakh (FY 2025)₹1.2 Lakh2.3%-21.0%Ahmedabad, Gujarat, India
Digitank Technologies Private Limited₹53.3 Lakh (FY 2024)24.0%Baben, Taluka - Bardoli, Gujarat, India
Dipitr Technologies Private Limited₹53.3 Lakh (FY 2024)-31.0%Bengaluru, Karnataka, India
Vazhikatti Systems Limited₹53.29 Lakh (FY 2018)-57.0%Coimbatore, Tamil Nadu, India
Synergistics Security Products India Private Limited₹53.23 Lakh (FY 2024)9.0%Bangalore, Karnataka, India
Premtech Info Solution Private Limited₹53.05 Lakh (FY 2025)11.0%Jehanabad, Bihar, India

To see the full peer comparison of Spacence Systems Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Spacence Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Spacence Systems Private Limited has 1 active EPFO establishment as of Apr 04, 2024.

Active EPFO establishments
1

GST

Spacence Systems has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24ABFCS4443J1Z9GujaratActive17 Mar 2021

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

Recent activity

Spacence Systems Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Dhaval Arvind Prajapati was appointed as Director on 10 Feb 2021.

AGM
Spacence Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Spacence Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Dhaval Arvind Prajapati was appointed as Director.
Appointed
Satish Bhavanishankar Sharma was appointed as Managing Director.
Incorporation
10 Feb 2021
Spacence Systems Private Limited was registered on 10 Feb 2021 with Roc Ahmedabad & aged 5 years 8 months as per MCA records.

Frequently asked questions

Spacence Systems is an active private limited company based in Ahmedabad, Gujarat, India. The company works in transport equipment, within the transportation industry. It was incorporated on 10 February 2021 (5+ years old) and is registered under CIN U35999GJ2021PTC120160.

Spacence Systems has 2 current directors:

The latest financial statements of Spacence Systems 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 FY 2021 are in the company report.

The GSTIN of Spacence Systems is 24ABFCS4443J1Z9, registered in Gujarat.

The CIN (Corporate Identification Number) of Spacence Systems is U35999GJ2021PTC120160. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Spacence Systems was incorporated on 10 February 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.

The peers of Spacence Systems by revenue are Skyraa Interconnect India Private Limited, Fourth Dimension Informix Private Limited, Neural Controls Private Limited, Ess Consumer Care Private Limited, Dustven Private Limited and 5 more, all in the same principal business activity (computer, electronic, communication and scientific measuring & control equipment).

Dhaval Arvind Prajapati was appointed as Director on 10 Feb 2021. Satish Bhavanishankar Sharma was appointed as Managing Director on 10 Feb 2021.

Yes, Spacence Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

Yes, Spacence Systems is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-01-0061658).

The registered office of Spacence Systems is at B100 Ghanshyampark Tenaments – Owners Association BH Bhagawati Soc Ghodasar, Ahmedabad, Gujarat, India – 380050.