About Spalon India Private Limited
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Spalon India Private Limited is a private limited company based in Chennai, Tamil Nadu, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the beauty salons and wellness spas segment of the health and wellness sector. It was incorporated on 31 December 2008.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U93020TN2008PTC070329. Its GSTIN is 33AAMCS9474R1Z8 (Tamil Nadu). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹5.72 Cr and a paid-up capital of ₹1.76 Cr. It is led by directors Sneh Naqqash Koticha Contractor and Payal Preet Koticha.
Its last annual general meeting (AGM) was held on 08 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 130/A (209/A) Saba House St.Mary'S Road Alwarpet, Chennai, Tamil Nadu, India – 600018.
As per the financials filed for FY 2025, the company reported a revenue of ₹83.57 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹40.93 Lakh (net margin -0.5%) and EBITDA of ₹6.53 Cr (EBITDA margin 7.8%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 5% over five years.
The company has about 524 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Spalon. As per MCA filings, the company has open charges of ₹10 Cr and satisfied charges of ₹60.24 Cr on record. Court records list 109 cases involving the company, including 106 filed by the company and 3 filed against it; 23 cases are pending. The company has 10 deals on record (5 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹35.68 Cr; the latest was in December 2024. Its 6 peer companies in the Consumer Services industry (Beauty Salons and Spas), with the same principal business activity (washing and cleaning of textile and fur products, hair dressing and other beauty treatment) are compared by revenue, 4 larger and 2 smaller; the largest is JCB Salons Private Limited with revenue of ₹143.05 Cr. The company has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 1 overdue payment to 1 micro and small supplier.
The last known website on record is spalon.in.
Company details
Contact details
Spalon India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is spalon.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address130/A (209/A) Saba House St.Mary'S Road Alwarpet, Chennai, Tamil Nadu, India – 600018
- IndustryHealth and Wellness Services, Beauty Salons & Wellness Spas
To see the full contact details of Spalon India Private Limited, buy the company report.
- 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
Business activity
The main business activity of Spalon India is personal and household service. In detail, this covers washing and cleaning of textile and fur products, hair dressing and other beauty treatment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| S | Personal and Household service | S3 | Washing and cleaning of textile and fur products, Hair dressing and other beauty treatment |
To see the full business activity and turnover split of Spalon India Private Limited, buy the company report.
Financials of Spalon India Private Limited
FY 2025 filings availableSpalon India Private Limited reported revenue of ₹83.57 Cr (up 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 2% growth in the latest year. EBITDA fell 40% 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 |
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| EBITDA | ₹6.53 Cr | ||||
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| Net Profit (PAT) | -₹40.93 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.8% | ||||
| Net Profit Margin | -0.5% | ||||
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To see the full financial statements and ratios of Spalon India Private Limited, buy the company report.
Board of directors of Spalon India Private Limited
Spalon India has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sneh Naqqash Koticha Contractor | Director | 01 Mar 2024 | 2 Years 8 Months | As last reported |
| Payal Preet Koticha | Director | 26 Sep 2023 | 3 Years 1 Months | As last reported |
Peer comparison
Spalon India Private Limited is compared with the 6 companies closest to it by revenue in the Consumer Services industry (Beauty Salons and Spas), with the same principal business activity (washing and cleaning of textile and fur products, hair dressing and other beauty treatment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| JCB Salons Private Limited | ₹143.05 Cr (FY 2025) | 131.0% | Mumbai, Maharashtra, India | |||
| Looks Salon Private Limited | ₹140.41 Cr (FY 2025) | 18.0% | New Delhi, Delhi, India | |||
| Vibrant Salon and Spa Services Private Limited | ₹131.24 Cr (FY 2025) | 44.0% | Mumbai, Maharashtra, India | |||
| Bodycraft Salon Skin & Cosmetology Private Limited | ₹98.27 Cr (FY 2024) | 49.0% | Bangalore, Karnataka, India | |||
| Spalon India Private Limitedthis company | ₹83.57 Cr (FY 2025) | -₹40.93 Lakh | -0.5% | 2.0% | 524 | Chennai, Tamil Nadu, India |
| Affinity Beauty Salon Private Limited | ₹60.39 Cr (FY 2016) | 45.0% | New Delhi, Delhi, India | |||
| Hair Masters Salon Private Limited | ₹51.87 Cr (FY 2025) | 7.0% | New Delhi, Delhi, India |
To see the full peer comparison of Spalon India Private Limited, buy the company report.
Auditor
Spalon India Private Limited is audited by Walker Chandiok & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co. | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Spalon 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 Spalon India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 May 2024 | 100939172 | Idbi Trusteeship Services Limited | ₹15.5 Cr | Satisfied | |
| 19 Jul 2023 | 100769431 | Hdfc Bank Limited | ₹12 Cr | Satisfied | |
| 05 Jun 2023 | 100737343 | Others | ₹14.7 Cr | Satisfied | |
| 29 May 2023 | 100734209 | Others | ₹10 Cr | Satisfied | |
| 18 Sep 2020 | 100370173 | Others | ₹1.14 Cr | Satisfied |
To see the full charge records of Spalon India Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Spalon India Private Limited has 10 deals on record (5 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹35.68 Cr; the latest was in December 2024.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2024 | Rights issue | ₹3 Cr | Investors: JCB Salons Private Limited |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Jcb Salons Private Limited & Sneh Koticha, JCB Salons Private Limited Seller: ASK Pravi Capital, 3 individuals |
| May 2023 | Secondary share transfer | Undisclosed | Seller: ASK Pravi Capital |
| May 2023 | Funding round | ₹3.69 Cr | Investors: an individual |
| Mar 2018 | Secondary share transfer | Undisclosed | Seller: an individual |
To see the full deal history of Spalon India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Spalon India Private Limited has 109 court cases on record: 106 filed by Spalon India, 3 filed against it. 23 cases are pending and 86 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 102 | 3 | 22 |
| District courts | 6 | 0 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 109)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Appeal | Filed by the company against an individual | Pending |
| Madras High Court | Original application | Filed by the company against an individual | Pending |
| Madras High Court | Court case (C.S(COMM DIV)) | Filed by the company against an individual | Pending |
| Madras High Court | Appeal | Filed by the company against an individual | Pending |
| Madras High Court | Court case (C.S(COMM DIV)) | Filed by the company against an individual | Pending |
To see the full case history of Spalon India 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
Spalon India Private Limited has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Spalon India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Spalon India Private Limited has a workforce of 524 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Spalon India has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAMCS9474R1Z8 | Tamil Nadu | Active | 01 Jul 2017 |
| 33AAMCS9474R2Z7 | Tamil Nadu | Active | 23 Mar 2021 |
| 36AAMCS9474R1Z2 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spalon India Private Limited, buy the company report.
Recent activity
Spalon India Private Limited has 18 board changes on record since 2008: 10 appointments and 8 cessations. The latest: Latha Chandra Mohan ceased to be Managing Director on 04 Mar 2024.
24 earlier events are in the company report.
Frequently asked questions
Spalon India is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Spalon India is a company under liquidation, formerly operating as a private limited company based in Chennai, Tamil Nadu, India. The company works in beauty salons and wellness spas, within the health and wellness services industry. It was incorporated on 31 December 2008 and is registered under CIN U93020TN2008PTC070329. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Spalon India has 2 current directors:
- Sneh Naqqash Koticha Contractor - Director
- Payal Preet Koticha - Director
The latest financial statements of Spalon India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Spalon India is U93020TN2008PTC070329. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spalon India has open charges of ₹10 Cr and satisfied charges of ₹60.24 Cr as per latest MCA filings.
Spalon India has 109 court cases on record: 106 filed by the company and 3 filed against it. 23 are pending. Most are in the high courts.
Spalon India was incorporated on 31 December 2008. It is registered with the Registrar of Companies, Chennai.
Spalon India has 10 deals on record (5 secondary share transfers, 4 funding rounds, 1 rights issue), with disclosed funding of ₹35.68 Cr; the latest was in December 2024.
The peers of Spalon India by revenue are JCB Salons Private Limited, Looks Salon Private Limited, Vibrant Salon and Spa Services Private Limited, Bodycraft Salon Skin & Cosmetology Private Limited, Affinity Beauty Salon Private Limited and 1 more, all in the Consumer Services industry (Beauty Salons and Spas), with the same principal business activity (washing and cleaning of textile and fur products, hair dressing and other beauty treatment).
Latha Chandra Mohan ceased to be Managing Director on 04 Mar 2024. Sneh Naqqash Koticha Contractor was appointed as Director on 01 Mar 2024. Vikram Chandra Mohan ceased to be Whole-Time Director on 01 Mar 2024. Spalon India has 18 board changes on record in total.
Spalon India has 1 MSME Form 1 return on record for the period ending Sep 2020, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 30 Oct 2020.
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