About Spear Logistics Private Limited
Data last updated:
Spear Logistics Private Limited was a private limited company based in Pune, Maharashtra, India, operated as a subsidiary of Fm India Supply Chain Private Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the cold storage and warehousing services segment of the transport and logistics sector. It was incorporated on 27 March 2003.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U60231PN2003PTC017826. The company has 10 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹2.79 Cr and a paid-up capital of ₹1.48 Cr. It was led by directors including Gautam Chander Dembla (Managing Director) and Uday Balwant Palsule (Person Incharge).
Its last annual general meeting (AGM) was held on 13 July 2017, and its latest financial statements are for the year ended 31 March 2017. The registered office was at 7th Floor A. G. Technology Park Server Space Off Iti Road Aundh, Pune, Maharashtra, India – 411007.
As per the financials filed for FY 2017, the company reported a revenue of ₹124.55 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹1.38 Cr (net margin 1.1%) and EBITDA of ₹10 Cr (EBITDA margin 8%).
The company had about 2,406 employees on its provident fund (EPFO) records before it was dissolved. Its group structure included 2 subsidiaries.
The company was associated with 1 brand: Spear Logistics. As per MCA filings, the company had satisfied charges of ₹27.1 Cr on record. Court records list 33 cases involving the company, including 21 filed by the company and 12 filed against it; 12 cases are pending. The company has 4 deals on record (2 funding rounds, 1 acquisition, 1 secondary share transfer), with disclosed funding of ₹51.87 Cr; the latest was in July 2017.
The last known website on record is spearlog.com.
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- Website
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- Registered Address7th Floor A. G. Technology Park Server Space Off Iti Road Aundh, Pune, Maharashtra, India – 411007
- IndustryTransport and Logistics, Cold Storage & Warehousing Services, Integrated & Diversified Logistics Services, Carriers Services
- 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 Spear Logistics Private Limited
The main business activities of Spear Logistics are transport and storage and financial and insurance service. In detail, this covers warehousing and storage, services incidental to land, water & air transportation and financial and credit leasing activities. 3 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| H | Transport and storage | H6 | Warehousing and storage | Locked |
| H | Transport and storage | H5 | Services incidental to land, water & air transportation | Locked |
| K | Financial and insurance Service | K5 | Financial and Credit leasing activities | 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 Spear Logistics Private Limited FY 2017 filings available
Spear Logistics Private Limited reported revenue of ₹124.55 Cr (down 8% YoY) for FY 2017.
Compounded Annual Growth Rate (CAGR) of Spear Logistics Private Limited
Revenue fell 8% in the latest year. EBITDA fell 17% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Spear Logistics Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| 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 | ₹10 Cr | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.38 Cr | •••• | •••• |
| 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 Spear Logistics Private Limited
| Metrics | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 8% | •••• | •••• |
| Net Profit Margin | 1.1% | •••• | •••• |
| 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 Spear Logistics 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.
Auditor Details of Spear Logistics Private Limited
Spear Logistics Private Limited is audited by DELOITTE HASKINS & SELLS LLP for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DELOITTE HASKINS & SELLS LLP | 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 Spear Logistics Private Limited
Spear Logistics has 5 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Uday Balwant Palsule | Person Incharge | 28 Dec 2008 | 17 Years 9 Months | As last reported |
| Jean Christophe Machet Also directs: FM India Supply Chain Private Limited | Director | 17 Mar 2016 | 10 Years 6 Months | As last reported |
| Stephane Descarpentries | Director | 17 Mar 2016 | 10 Years 6 Months | As last reported |
| Ramesh Kalpathy Vaidyanathan Also directs: Nepean Manufacturing India Private Limited, BTG Advaya Charitable Foundation, Tailored Management India Private Limited and 2 more | Director | 21 Mar 2017 | 9 Years 6 Months | As last reported |
| Gautam Chander Dembla | Managing Director | 27 Mar 2003 | 23 Years 6 Months | As last reported |
Ownership and Shareholding of Spear Logistics 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 Spear Logistics Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Sep 2015 | Tata Capital Financial Services Limited | ₹9.5 Cr | Satisfied |
| 06 May 2015 | Siemens Financial Services Private Limited | ₹1.39 Cr | Satisfied |
| 20 Dec 2013 | Others | ₹2 Cr | Satisfied |
| 15 Jul 2013 | Srei Equipment Finance Private Limited | ₹36.14 Lakh | Satisfied |
| 29 Jun 2013 | Siemens Financial Services Private Limited | ₹60 Lakh | Satisfied |
Total charge records: 20 View all charges
Deals & Funding of Spear Logistics Private Limited
Spear Logistics Private Limited has 4 deals on record (2 funding rounds, 1 acquisition, 1 secondary share transfer), with disclosed funding of ₹51.87 Cr; the latest was in July 2017.
Deals on record (3 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2017 | Acquisition | ₹93.84 Cr | Buyer: FM India Supply Chain Private Limited Seller: Ambit Pragma Ventures, 2 individuals |
| Jan 2009 | Funding round · Series A | ₹32.42 Cr | Investors: Ambit Pragma Ventures, 2 individuals |
| Sep 2008 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Spear Logistics Private Limited
Spear Logistics Private Limited has 33 court cases on record: 21 filed by Spear Logistics, 12 filed against it. 12 cases are pending and 21 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 11 | 12 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Om Communications Private Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Soril Infra Resources Limited | Disposed |
| District court, Thane, Maharashtra | Court case (Civil M.A.) | Filed against the company by an individual | Pending |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Court case (Sum.Civ.Suit) | Filed by the company against an individual | Pending |
Full case history
All 33 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Spear Logistics Private Limited
Spear Logistics operates one associated brand: Spear Logistics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of contract logistics and road freight forwarding services | spearlog.com |
Employees and EPFO Compliance at Spear Logistics Private Limited
Spear Logistics Private Limited has a workforce of 2,406 employees as of Apr 07, 2024.
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.
Group Structure of Spear Logistics Private Limited
Spear Logistics has 2 subsidiary companies. This group structure data is as of FY 2017. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Shree Sai Transport (Sst India) Private Limited | U60231PN2014PTC151986 | Locked |
| Shree Sai Transport (Sst India) Private Limited | U60231PN2014PTC151986 | Locked |
Showing major subsidiaries. Total: 2.
News related to Spear Logistics Private Limited
Recent Activity on Spear Logistics Private Limited
Spear Logistics Private Limited has 13 board changes on record since 2003: 5 appointments and 8 cessations. The latest: Ramesh Kalpathy Vaidyanathan ceased to be Additional Director on 13 Jul 2017.
46 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Spear Logistics 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.
MSME Payment Delays by Spear Logistics Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Spear Logistics 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 Spear Logistics Private Limited
Spear Logistics has 10 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
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 Spear Logistics 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 Spear Logistics Private Limited
Spear Logistics has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Spear Logistics was a private limited company based in Pune, Maharashtra, India. The company worked in cold storage and warehousing services, within the transport and logistics industry. It was incorporated on 27 March 2003 and is registered under CIN U60231PN2003PTC017826. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Spear Logistics was incorporated on 27 March 2003. It is registered with the Registrar of Companies, Pune.
Spear Logistics had 5 directors:
- Gautam Chander Dembla - Managing Director
- Jean Christophe Machet - Director
- Stephane Descarpentries - Director
- Ramesh Kalpathy Vaidyanathan - Director
- Uday Balwant Palsule - Person Incharge
The CIN (Corporate Identification Number) of Spear Logistics is U60231PN2003PTC017826. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Spear Logistics is at 7th Floor A. G. Technology Park Server Space Off Iti Road Aundh, Pune, Maharashtra, India – 411007.
Spear Logistics can be reached through the website spearlog.com. Its registered office is in Pune, Maharashtra, India.
Spear Logistics reported revenue of ₹124.55 Cr for FY 2017 (down 8% YoY).
Spear Logistics has an authorised share capital of ₹2.79 Cr and a paid-up capital of ₹1.48 Cr.
Spear Logistics reported a net profit of ₹1.38 Cr (net margin 1.1%) and EBITDA of ₹10 Cr (EBITDA margin 8%) for FY 2017, as per its filed financial statements.