Spear Logistics Private Limited - Company Profile

It is a transport and logistics private limited company based in Pune, Maharashtra, India, established in 2003.

2003 Pune, Maharashtra, India Amalgamated

Last Updated: July 26, 2025

About Spear Logistics Private Limited

Spear Logistics Private Limited, a amalgamated private limited company, was established on 27 March 2003 in Pune, Maharashtra, India. Engaging in cold storage & warehousing services within the financial and insurance service sector, it holds CIN: U60231PN2003PTC017826. Registered under ROC Roc Pune. it is unlisted. It has an authorized capital of ₹2.79 Cr and a paid-up capital of ₹1.48 Cr.

Employing 2,406 professional, Its leadership includes Uday Balwant Palsule (Person Incharge), Jean Christophe Machet (Director), Stephane Descarpentries (Director). Past directors included Coopoosamy Deven, Uday Balwant Palsule, Jean Christophe Machet. It holds no open charges and ₹27.10 Cr settled loans. Its latest AGM occurred on 13 July 2017, with the balance sheet filed on 31 March 2017. It is based at 7Th Floor, A. G. Technology Park, Server Space, Off Iti Road, Aundh,, Pune, Maharashtra, 411007.

Company Details

CIN/LLPIN
U60231PN2003PTC017826
Registration Number
017826
Incorporation Date
27 March 2003
Authorized Capital
₹2.79 Cr
Paid-Up Capital
₹1.48 Cr
ROC Code
Roc Pune
Listing Status
Unlisted
Company Status
Amalgamated

Key Metrics

Authorised Capital ₹ 2.79 Cr as on 26-07-2025
Paid Up Capital ₹ 1.48 Cr as on 26-07-2025
Company Age 22 Year, 11 Months
Last Filing with ROC 31 Mar 2017
Satisfied Charges ₹ 27.10 Cr as on 26-07-2025
Revenue Growth **** -8.42% (FY 2017)
Profit Growth **** -71.81% (FY 2017)
Ebitda **** -20.79% (FY 2017)
Net Worth 5.22% (FY 2017)
Total Assets -4.20% (FY 2017)

Comprehensive Company Insights

Explore comprehensive insights into Spear Logistics Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Spear Logistics Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Uday Balwant Palsule	Person Incharge	28 Dec 2008	Current
Jean Christophe Machet	Director	17 Mar 2016	Current
Stephane Descarpentries	Director	17 Mar 2016	Current
Ramesh Kalpathy Vaidyanathan	Director	21 Mar 2017	Current
Gautam Chander Dembla	Managing Director	27 Mar 2003	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	17 Mar 2016	Past
Pramod Abcsdd	Whole-Time Director	09 Apr 2010	Past
Pramod Abcsdd	Additional Director	26 Sep 2016	Past
Pramod Abcsdd	Additional Director	26 Sep 2016	Past
Pramod Abcsdd	Additional Director	13 Jul 2017	Past
Pramod Abcsdd	Person Incharge	16 Mar 2016	Past

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Financial Performance of Spear Logistics.

Spear Logistics Private Limited, for the financial year ended 2017, experienced Minor drop in revenue, with a 8.42% decrease. The company also saw a substantial fall in profitability, with a 71.81% decrease in profit. The company's net worth moved up by a moderate rise of 5.22%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-8.42%

*******

Revenue from Operations

*******

-8.86%

*******

Total Assets

*******

-4.20%

*******

Profit or Loss

*******

-71.81%

*******

Net Worth

*******

5.22%

*******

EBITDA

*******

-20.79%

*******

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What is the Ownership and Shareholding Structure of Spear Logistics?

In 2017, Spear Logistics had a promoter holding of 27.27% and a public holding of 72.73%. The company had 2 Subsidiaries. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹271,010,593.00

Charges Breakdown by Lending Institutions

Tata Capital Financial Services Limited : 9.50 Cr
The Hongkong And Shanghai Banking Corporation : 5.00 Cr
Srei Equipment Finance Private Limited : 4.06 Cr
Siemens Financial Services Private Limited : 2.32 Cr
Others : 2.00 Cr
Others : 4.23 Cr

Latest Charge Details

Date	Lender	Amount	Status
19 Sep 2015	Tata Capital Financial Services Limited	₹9.50 Cr	Satisfied
06 May 2015	Siemens Financial Services Private Limited	₹1.39 Cr	Satisfied
20 Dec 2013	Others	₹2.00 Cr	Satisfied
15 Jul 2013	Srei Equipment Finance Private Limited	₹3.61 M	Satisfied
29 Jun 2013	Siemens Financial Services Private Limited	₹6.00 M	Satisfied

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How Many Employees Work at Spear Logistics?

Spear Logistics has a workforce of 2406 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Spear Logistics, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Spear Logistics's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Spear Logistics

Recent Activity within the Organization

Annual General Meeting

Spear Logistics Private Limited last Annual general meeting of members was held on 13 Jul 2017 as per latest MCA records. was recorded as a recent event.
13 Jul 2017
Charges

Progress on A charge registered on 20 Dec 2013 via Charge ID 10473758 with Others was fully satisfied on 02 Jun 2017. was documented.
02 Jun 2017
Charges

A charge registered on 06 May 2015 via Charge ID 10569047 with Siemens Financial Services Private Limited was fully satisfied on 16 May 2017. was recorded as a recent event.
16 May 2017
Charges

A charge registered on 29 Jun 2013 via Charge ID 10435347 with Siemens Financial Services Private Limited was fully satisfied on 16 May 2017. was recorded as a recent event.
16 May 2017
Charges

A charge registered on 19 Sep 2015 via Charge ID 10594750 with Tata Capital Financial Services Limited was fully satisfied on 20 Apr 2017. was recorded as a recent event.
20 Apr 2017
Balance Sheet

Progress on Spear Logistics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2017 with Roc Pune. was documented.
31 Mar 2017

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