About Spectra Industries Limited
Data last updated:
Spectra Industries Limited is a public limited company based in Mumbai, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 23 July 1992.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L74999MH1992PLC067849. The company has 1 GST registration on record, which is no longer active. It is a listed company as per MCA records. Its shares are listed on BSE: 513687.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹7.08 Cr. It was formerly known as Infonet Network Sysytems (India) Private Limited. It is led by directors including Jaidev Vinod Kumar Gupta (Whole-Time Director) and Priya Murlidhar Makhija.
Its last annual general meeting (AGM) was held on 27 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Plot No.9 Spectra Compound Kanchpada – 2 Malad (W), Mumbai, Maharashtra, India – 400064.
Total assets are valued at ₹1.36 Cr (down 70.2% YoY).
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Spectra Industries. As per MCA filings, the company has open charges of ₹70 Cr and satisfied charges of ₹9.5 Cr on record. Court records list 25 cases involving the company, including 10 filed by the company and 15 filed against it; 3 cases are pending. The company has 27 deals on record (27 market trades); the latest was in July 2014. Its 4 peer companies in the Metals and Minerals industry (Auto and Components Dealers, Metal Retail and Distribution, Textile Retail and Distribution), with the same principal business activity (retail trading) are compared by revenue, 2 larger and 2 smaller; the largest is Armans Attires Private Limited with revenue of ₹26.94 Lakh.
The last known website on record is spectraindustries.in.
Company details
Contact details
Spectra Industries Limited's registered office is in Mumbai, Maharashtra. Its website is spectraindustries.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.9 Spectra Compound Kanchpada – 2 Malad (W), Mumbai, Maharashtra, India – 400064
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Spectra Industries 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
Brands
Spectra Industries operates one associated brand: Spectra Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of commercial vehicle dealership, trading services, and manufacturer of automobile parts | spectraindustries.co.in |
Financials of Spectra Industries Limited
FY 2022-23 filings availableSpectra Industries Limited reported revenue of ₹- for FY 2022-23.
Financial Highlights
FY 2022-23 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.53 | 85.99 | 132 |
| Revenue growth | - | - | - | -100.0% | -99.4% | -34.6% | - |
| EBITDA | (0.63) | (0.65) | (0.21) | (0.36) | (27.75) | (9.17) | 1.26 |
| EBITDA margin | - | - | - | - | -5235.9% | -10.7% | +1.0% |
| Profit before tax | (3.46) | (6.11) | (5.49) | (8.83) | (29.29) | (12.12) | 1.74 |
| Net profit | (3.35) | (6.21) | (5.51) | (8.80) | (29.09) | (12.21) | 1.27 |
| Net profit margin | - | - | - | - | -5488.7% | -14.2% | +1.0% |
| EPS (₹) | (4.72) | (8.39) | (7.78) | (12.42) | 0.00 | 0.00 | 1.78 |
| Balance sheet | |||||||
| Total assets | 1.36 | 4.57 | 6.07 | 7.37 | 8.77 | 40.11 | 55.27 |
| Net worth | (52.29) | (48.95) | (43.01) | (37.51) | (28.72) | 0.36 | 12.57 |
| Total debt | 53.65 | 53.22 | 48.78 | 44.57 | 37.18 | 39.59 | 42.57 |
| Cash & bank | 0.04 | 0.03 | 0.08 | 0.18 | 0.28 | 3.18 | 3.05 |
| Net working capital | (7.59) | (4.63) | (3.71) | (3.05) | (1.41) | 29.40 | 41.91 |
| Cash flow | |||||||
| Cash from operations | 5.76 | 4.58 | 4.01 | 7.19 | (1.91) | 2.92 | 1.61 |
| Cash from investing | 0.00 | 0.10 | 0.01 | 0.02 | 0.07 | 0.19 | 0.39 |
| Cash from financing | (5.76) | (4.72) | (4.12) | (7.31) | (1.07) | (2.98) | (2.51) |
| Particulars | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other income | 0.18 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.27 |
| Total expenses | 0.18 | 0.12 | 0.03 | 0.16 | 0.07 | 0.34 | 0.05 | 0.48 |
| EBITDA | (0.18) | (0.12) | (0.03) | (0.16) | (0.07) | (0.34) | (0.05) | (0.48) |
| Depreciation | 0.10 | 0.10 | 0.10 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Interest | 1.13 | 1.13 | 1.13 | (1.54) | 1.28 | 2.41 | 0.15 | 4.45 |
| Profit before tax | (1.23) | (1.35) | (1.26) | 1.25 | (1.48) | (2.88) | (0.33) | (4.79) |
| Tax | 0.00 | 0.00 | 0.00 | (0.11) | 0.00 | 0.00 | 0.00 | (0.16) |
Financial Statements
| Particulars | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other income | 0.18 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.27 |
| Total expenses | 0.18 | 0.12 | 0.03 | 0.16 | 0.07 | 0.34 | 0.05 | 0.48 |
| EBITDA | (0.18) | (0.12) | (0.03) | (0.16) | (0.07) | (0.34) | (0.05) | (0.48) |
| Depreciation | 0.10 | 0.10 | 0.10 | 0.13 | 0.13 | 0.13 | 0.13 | 0.13 |
| Interest | 1.13 | 1.13 | 1.13 | (1.54) | 1.28 | 2.41 | 0.15 | 4.45 |
| Profit before tax | (1.23) | (1.35) | (1.26) | 1.25 | (1.48) | (2.88) | (0.33) | (4.79) |
| Tax | 0.00 | 0.00 | 0.00 | (0.11) | 0.00 | 0.00 | 0.00 | (0.16) |
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.53 | 85.99 | 132 |
| Revenue growth | - | - | - | -100.0% | -99.4% | -34.6% | - |
| Other income | 0.00 | 0.27 | 0.01 | 0.02 | 0.07 | 0.61 | 3.75 |
| Total expenses | 0.63 | 0.65 | 0.21 | 0.36 | 28.28 | 95.16 | 130 |
| Employee cost | 0.03 | 0.03 | 0.03 | 0.10 | 0.79 | 2.56 | 2.57 |
| EBITDA | (0.63) | (0.65) | (0.21) | (0.36) | (27.75) | (9.17) | 1.26 |
| EBITDA margin | - | - | - | - | -5235.9% | -10.7% | +1.0% |
| Depreciation | 0.53 | 0.53 | 0.60 | 0.64 | 0.65 | 0.66 | 0.69 |
| Interest | 2.30 | 5.20 | 4.69 | 7.85 | 0.96 | 2.90 | 2.58 |
| Profit before tax | (3.46) | (6.11) | (5.49) | (8.83) | (29.29) | (12.12) | 1.74 |
| Tax | (0.11) | (0.16) | 0.02 | (0.03) | (0.20) | 0.09 | 0.47 |
| Net profit | (3.35) | (6.21) | (5.51) | (8.80) | (29.09) | (12.21) | 1.27 |
| Net profit margin | - | - | - | - | -5488.7% | -14.2% | +1.0% |
| EPS (₹) | (4.72) | (8.39) | (7.78) | (12.42) | 0.00 | 0.00 | 1.78 |
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 7.08 | 7.08 | 7.08 | 7.08 | 7.08 | 7.08 | 7.08 |
| Reserves & surplus | (59.37) | (56.03) | (50.09) | (44.59) | (35.80) | (6.72) | 5.49 |
| Shareholders' funds (net worth) | (52.29) | (48.95) | (43.01) | (37.51) | (28.72) | 0.36 | 12.57 |
| Secured loans | 0.00 | 0.00 | 25.73 | 25.65 | 25.58 | 28.99 | 34.01 |
| Unsecured loans | 53.65 | 53.22 | 23.05 | 18.92 | 11.60 | 10.60 | 8.56 |
| Total debt | 53.65 | 53.22 | 48.78 | 44.57 | 37.18 | 39.59 | 42.57 |
| Total liabilities | 1.36 | 4.57 | 6.07 | 7.37 | 8.77 | 40.11 | 55.27 |
| Assets | |||||||
| Gross block | 20.62 | 20.62 | 20.72 | 20.72 | 20.72 | 20.72 | 20.68 |
| Net block | 8.62 | 9.15 | 9.78 | 10.37 | 11.01 | 11.66 | 12.24 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.16 | 0.32 | 0.64 | 0.64 | 0.66 | 16.31 | 19.88 |
| Sundry debtors | 0.92 | 0.92 | 1.62 | 2.03 | 3.56 | 19.64 | 51.03 |
| Cash & bank balances | 0.04 | 0.03 | 0.08 | 0.18 | 0.28 | 3.18 | 3.05 |
| Loans & advances | 0.00 | 0.18 | 0.18 | 0.18 | 0.17 | 0.42 | 0.96 |
| Total current assets | 1.12 | 1.45 | 2.52 | 3.03 | 4.67 | 39.55 | 74.92 |
| Total current liabilities | 8.71 | 6.08 | 6.23 | 6.08 | 6.08 | 10.15 | 33.01 |
| Net working capital | (7.59) | (4.63) | (3.71) | (3.05) | (1.41) | 29.40 | 41.91 |
| Total assets | 1.36 | 4.57 | 6.07 | 7.37 | 8.77 | 40.11 | 55.27 |
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.03 | 0.08 | 0.18 | 0.28 | 3.18 | 3.05 | 3.55 |
| Net cash from operating activities | 5.76 | 4.58 | 4.01 | 7.19 | (1.91) | 2.92 | 1.61 |
| Net cash from investing activities | 0.00 | 0.10 | 0.01 | 0.02 | 0.07 | 0.19 | 0.39 |
| Net cash from financing activities | (5.76) | (4.72) | (4.12) | (7.31) | (1.07) | (2.98) | (2.51) |
| Net change in cash | 0.01 | (0.04) | (0.10) | (0.10) | (2.90) | 0.13 | (0.51) |
| Closing cash | 0.04 | 0.03 | 0.08 | 0.18 | 0.28 | 3.18 | 3.05 |
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | - | - | - | -100.0% | -99.4% | -34.6% | - |
| EBITDA growth | +3.1% | -209.5% | +41.7% | +98.7% | -202.6% | -827.8% | - |
| PBT growth | +43.4% | -11.3% | +37.8% | +69.9% | -141.7% | - | +286.7% |
| Net income growth | +46.1% | -12.7% | +37.4% | +69.8% | -138.3% | -1061.4% | - |
| Revenue CAGR (3Y) | - | -100.0% | -100.0% | -100.0% | -83.7% | -7.7% | +24.0% |
| EBITDA CAGR (3Y) | +20.5% | -71.4% | -71.6% | - | - | - | +56.3% |
| Profitability & leverage | |||||||
| Net income margin | - | - | - | - | -5488.7% | -14.2% | +1.0% |
| Return on capital employed | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +9.7% |
| Return on net worth | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | +10.2% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.35 | 2.59 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.49 | 0.42 |
| Interest cover | -198.28 | -440.68 | -579.01 | -785.00 | -3.38 | -29.50 | 452.63 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 4.15 | 6.37 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.06 | 4.75 | 8.65 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 2.43 | 2.61 |
| EPS (₹) | (4.72) | (8.39) | (7.78) | (12.42) | 0.00 | 0.00 | 1.78 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (73.88) | (69.16) | (60.77) | (52.99) | (40.58) | 0.51 | 17.76 |
To see the full year-wise statements and ratios of Spectra Industries Limited, buy the company report.
Board of directors of Spectra Industries Limited
Spectra Industries has 4 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Priya Murlidhar Makhija Also directs: P M V S and Associates LLP, M.K. Exim (India) Limited | Director | 10 Mar 2015 | 11 Years 7 Months | As last reported |
| Jaidev Vinod Kumar Gupta | Whole-Time Director | 28 Jan 2010 | 16 Years 9 Months | As last reported |
| Sheela Vinod Gupta | Director | 10 Nov 2020 | 5 Years 11 Months | As last reported |
| Prem Rajan Bhagnari Also directs: Roopshan Textiles Pvt Ltd | Director | 12 Nov 2020 | 5 Years 11 Months | As last reported |
Peer comparison
Spectra Industries Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Auto and Components Dealers, Metal Retail and Distribution, Textile Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Armans Attires Private Limited | ₹26.94 Lakh (FY 2023) | Thiruvarur, Tamil Nadu, India | ||||
| Silverseven Motors Private Limited | ₹26.91 Lakh (FY 2025) | -51.0% | Amritsar, Punjab, India | |||
| Satya Cottex Private Limited | ₹26.76 Lakh (FY 2025) | -40.0% | Ahmedabad, Gujarat, India | |||
| Sanchit Consultants Private Limited | ₹26.73 Lakh (FY 2018) | -98.0% | New Delhi, Delhi, India |
To see the full peer comparison of Spectra Industries Limited, buy the company report.
Auditor
Spectra Industries Limited is audited by Choudhary Choudhary & Co. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Choudhary Choudhary & Co. | FY 2022 | 02910C |
Shareholding
The shareholding of Spectra Industries Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Spectra Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jan 1995 | 80006967 | Bank of India | ₹35 Cr | Open | |
| 05 Jan 1995 | 80006969 | Others | ₹35 Cr | Open | |
| 28 Dec 2013 | 10488669 | The Federal Bank Ltd. | ₹5 Cr | Satisfied | |
| 11 May 2012 | 10358545 | Hdfc Bank Limited | ₹4.5 Cr | Satisfied |
To see the full charge records of Spectra Industries Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Spectra Industries Limited has 27 deals on record (27 market trades); the latest was in July 2014.
Deals on record (5 of 27)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2014 | Market trade | ₹8.9 Lakh | Buyer: an individual Seller: an individual |
| Jan 2008 | Market trade | ₹54.3 Lakh | Buyer: Varju Investment Pvt Ltd, an individual Seller: an individual |
| Jan 2008 | Market trade | ₹28.2 Lakh | Buyer: Varju Investment Pvt Ltd |
| Jun 2007 | Market trade | ₹49.7 Lakh | Buyer: 2 individuals Seller: Sanghvi Fincap Ltd |
| Aug 2005 | Market trade | ₹42.4 Lakh | Buyer: Kshitij Portfolio Private Limited |
To see the full deal history of Spectra Industries 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
Spectra Industries Limited has 25 court cases on record: 10 filed by Spectra Industries, 15 filed against it. 3 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 20 | 12 | 2 |
| NCLAT | 3 | 3 | 1 |
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by HDFC Bank Ltd | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Bank of India Limited and Anr and 1 other | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL.CASE) | Filed against the company by an individual | Pending |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed against the company by State - Cbi Eob Chennai (RC 0692023E0003 Cbi Eob Chennai | Disposed |
To see the full case history of Spectra Industries 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
No delayed payments to MSME suppliers are on our record for Spectra Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Spectra Industries Limited has a workforce of 2 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Spectra Industries has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Spectra Industries Limited, buy the company report.
Recent activity
Spectra Industries Limited has 20 board changes on record since 1992: 12 appointments and 8 cessations. The latest: Prem Rajan Bhagnari was appointed as Director on 12 Nov 2020.
20 earlier events are in the company report.
Frequently asked questions
Spectra Industries is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Spectra Industries is a company under insolvency, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 23 July 1992 and is registered under CIN L74999MH1992PLC067849. Listed on BSE: 513687. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Spectra Industries has 4 current directors:
- Jaidev Vinod Kumar Gupta - Whole-Time Director
- Priya Murlidhar Makhija - Director
- Sheela Vinod Gupta - Director
- Prem Rajan Bhagnari - Director
The latest financial statements of Spectra Industries on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 27 September 2022. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Spectra Industries is L74999MH1992PLC067849. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Spectra Industries is a listed company as per MCA records. Its shares are listed on BSE (code: 513687).
Spectra Industries has open charges of ₹70 Cr and satisfied charges of ₹9.5 Cr as per latest MCA filings.
Spectra Industries has 25 court cases on record: 10 filed by the company and 15 filed against it. 3 are pending. Most are in the district courts.
Spectra Industries was incorporated on 23 July 1992. It is registered with the Registrar of Companies, Mumbai.
Spectra Industries has 27 deals on record (27 market trades); the latest was in July 2014.
The peers of Spectra Industries by revenue are Armans Attires Private Limited, Silverseven Motors Private Limited, Satya Cottex Private Limited, Sanchit Consultants Private Limited, all in the Metals and Minerals industry (Auto and Components Dealers, Metal Retail and Distribution, Textile Retail and Distribution), with the same principal business activity (retail trading).
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