Spas Engineers Private Limited
About Spas Engineers Private Limited
Data last updated:
Spas Engineers Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 30 July 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29299MH2008PTC185251. Its GSTIN is 27AAMCS2442M1ZX (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹7.09 Lakh. It is led by directors including Hena Goutam Ghosh and Chandrakant Appaso Benadikar.
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 A – 91 MIDC Additional Ambernath Anand Nagar Ambernath, Thane, Maharashtra, India – 421506.
As per the financials filed for FY 2025, the company reported a revenue of ₹95.27 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹23,676 (net margin 0.2%) and EBITDA of ₹5.08 Lakh (EBITDA margin 5.3%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 24% over five years.
As per MCA filings, the company has open charges of ₹2.15 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- WebsiteLocked
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- Registered AddressA – 91 MIDC Additional Ambernath Anand Nagar Ambernath, Thane, Maharashtra, India – 421506
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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
- One PDF report, delivered after checkout
Business Activity of Spas Engineers Private Limited
The main business activity of Spas Engineers is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Spas Engineers Private Limited FY 2025 filings available
Spas Engineers Private Limited reported revenue of ₹95.27 Lakh (up 84766% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Spas Engineers Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years. EBITDA rose 117% 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 of Spas Engineers Private Limited
| 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 | ₹5.08 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹23,676 | •••• | •••• | •••• | •••• |
| 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 of Spas Engineers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Spas Engineers are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Spas Engineers Private Limited
Spas Engineers Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cascade Electro Thermics Private Limited | ₹95.68 Lakh (FY 2024) | •••• | •••• | 10905.0% | •••• | Coimbatore, Tamil Nadu, India |
| Imperio Ventures Private Limited | ₹95.62 Lakh (FY 2024) | •••• | •••• | -28.0% | •••• | Navi Mumbai, Maharashtra, India |
| A-Cord Seals India Private Limited | ₹95.44 Lakh (FY 2024) | •••• | •••• | 765.0% | •••• | Bhiwandi, Maharashtra, India |
| Ashoka Equipments Private Limited | ₹95.28 Lakh (FY 2025) | •••• | •••• | 25.0% | •••• | Ahmedabad, Gujarat, India |
| Steamtherm Boilers Private Limited | ₹95.27 Lakh (FY 2024) | •••• | •••• | -46.0% | •••• | Bhopal, Madhya Pradesh, India |
| Spas Engineers Private Limited this company | ₹95.27 Lakh (FY 2025) | •••• | •••• | 84766.0% | •••• | Thane, Maharashtra, India |
| Rosewood Precision Private Limited | ₹95.16 Lakh (FY 2025) | •••• | •••• | 20.0% | •••• | Faridabad, Haryana, India |
| KR Hvac Private Limited | ₹95.16 Lakh (FY 2025) | •••• | •••• | 3836.0% | •••• | Hyderabad, Telangana, India |
| Bangla Imperial Rubber Private Limited | ₹95.14 Lakh (FY 2024) | •••• | •••• | 45.0% | •••• | Kolkata, West Bengal, India |
| Saichains Sangli Private Limited | ₹94.88 Lakh (FY 2024) | •••• | •••• | 49.0% | •••• | Sangli, Maharashtra, India |
| Closedlooped - Building Mechatronics Control India Private Limited | ₹94.62 Lakh (FY 2025) | •••• | •••• | •••• | Sriperumbudur, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Spas Engineers by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Spas Engineers Private Limited
Spas Engineers Private Limited is audited by Rawool & Ranjan Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Rawool & Ranjan Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Spas Engineers Private Limited
Spas Engineers has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hena Goutam Ghosh | Director | 05 Aug 2008 | 18 Years 2 Months | Current |
| Chandrakant Appaso Benadikar | Director | 30 Jul 2008 | 18 Years 2 Months | Current |
| Jyoti Benadikar | Director | 17 Mar 2020 | 6 Years 7 Months | Current |
| Goutam Kalipada Ghosh | Director | 30 Jul 2008 | 18 Years 2 Months | Current |
Ownership and Shareholding of Spas Engineers Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Spas Engineers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Feb 2011 | Bank of Maharashtra | ₹69.5 Lakh | Open |
| 21 Mar 2009 | Bank of Maharashtra | ₹1.45 Cr | Open |
Total charge records: 2 View all charges
MSME Payment Delays by Spas Engineers Private Limited
Spas Engineers Private Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 59 overdue payments to 10 micro and small suppliers. 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 (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Jaiambe Forge Engineers Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 8 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Spas Engineers Private Limited
Employment history and EPFO contributions of people linked to Spas Engineers.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Spas Engineers Private Limited
Spas Engineers Private Limited has 7 board changes on record since 2008: 4 appointments and 3 cessations. The latest: Jyoti Benadikar ceased to be Additional Director on 30 Dec 2020.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Spas Engineers Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Spas Engineers Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Spas Engineers Private Limited
Spas Engineers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCS2442M1ZX | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Spas Engineers Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Spas Engineers Private Limited
Spas Engineers is an active private limited company based in Thane, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 30 July 2008 (18+ years old) and is registered under CIN U29299MH2008PTC185251.
Spas Engineers reported revenue of ₹95.27 Lakh for FY 2025 (up 84766% YoY).
Spas Engineers has 4 current directors:
- Hena Goutam Ghosh - Director
- Chandrakant Appaso Benadikar - Director
- Jyoti Benadikar - Director
- Goutam Kalipada Ghosh - Director
Spas Engineers reported a net profit of ₹23,676 (net margin 0.2%) and EBITDA of ₹5.08 Lakh (EBITDA margin 5.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Spas Engineers is -8% over three years and -24% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Spas Engineers is 27AAMCS2442M1ZX, registered in Maharashtra.
The CIN (Corporate Identification Number) of Spas Engineers is U29299MH2008PTC185251. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spas Engineers was incorporated on 30 July 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Spas Engineers by revenue are Cascade Electro Thermics Private Limited, Imperio Ventures Private Limited, A-Cord Seals India Private Limited, Ashoka Equipments Private Limited, Steamtherm Boilers Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers).
Jyoti Benadikar ceased to be Additional Director on 30 Dec 2020. Jyoti Benadikar was appointed as Director on 17 Mar 2020. Siddharth Chandrakant Benadikar ceased to be Director on 30 Mar 2019. Spas Engineers has 7 board changes on record in total.
Spas Engineers has 8 MSME Form 1 returns on record between 2019 and 2023, listing 59 overdue payments to 10 micro and small suppliers. The latest return was filed on 28 Oct 2023.
The registered office of Spas Engineers is at A – 91 MIDC Additional Ambernath Anand Nagar Ambernath, Thane, Maharashtra, India – 421506.