MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-03-0016287
Spectrus Sustainable Solutions Private Limited - wood in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹12.4 Cr
▲ 165% YoY
Net profit · FY 2024
₹68.43 Lakh
Net margin 5.5%
EBITDA · FY 2024
₹93.86 Lakh
EBITDA margin 7.6%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹47.82 Lakh
Issued & subscribed
Open charges
₹8 Cr
Secured borrowings
Company age
11 yrs
Est. 2015
Employees · EPFO
38
Provident fund records
About Spectrus Sustainable Solutions Private Limited
Data last updated:
Spectrus Sustainable Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the wood and wood products segment of the wood and timber products sector. It was incorporated on 26 February 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U36997KA2015PTC079026. Its GSTIN is 29AAVCS5646N1Z6 (Karnataka). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹47.82 Lakh. It is led by directors Shruthi Ujjani Ramesh and Mahadev Chikkanna.
Its last annual general meeting (AGM) was held on 20 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No.1026 1st Floor 5th Stage 2nd Cross Beml Layout Rajarajeshwarinagar Nagar, Bangalore, Karnataka, India – 560098.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.4 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹68.43 Lakh (net margin 5.5%) and EBITDA of ₹93.86 Lakh (EBITDA margin 7.6%). Revenue has grown at a compounded annual rate (CAGR) of 88% over three years and 85% over five years.
The company has about 38 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Mynusco and Eha. As per MCA filings, the company has open charges of ₹8 Cr on record. The company has 9 deals on record (5 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹6.01 Cr; the latest was in January 2022. Its 10 peer companies in the same principal business activity (wood and wood products, furniture, paper and paper products) are compared by revenue, 5 larger and 5 smaller; the largest is Shree Porcellano Private Limited with revenue of ₹12.41 Cr. The company has 4 MSME Form 1 returns on record between 2021 and 2023, listing 45 overdue payments to 8 micro and small suppliers.
Spectrus Sustainable Solutions Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0016287). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website mynusco.com.
Company details
CIN U36997KA2015PTC079026
Registration Number 079026
Incorporation Date 26 February 2015
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-KR-03-0016287
Recognitions & Rankings of Spectrus Sustainable Solutions
Contact details
Spectrus Sustainable Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is mynusco.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.1026 1st Floor 5th Stage 2nd Cross Beml Layout Rajarajeshwarinagar Nagar, Bangalore, Karnataka, India – 560098
- IndustryWood, Wood & Wood Products, Paper & Paper Products, Furniture
To see the full contact details of Spectrus Sustainable Solutions Private Limited, buy the company report.
Comprehensive company report
Spectrus Sustainable Solutions Private Limited - one report that includes everything
- 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
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Brands
Spectrus Sustainable Solutions operates two associated brands: Mynusco and eha. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Bio-composites from biomaterials are developed for diverse applications. | mynusco.com | |
| Online platform offering a wide range of eco-friendly kitchen and garden supplies | eha.eco |
Business activity
The main business activity of Spectrus Sustainable Solutions is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Spectrus Sustainable Solutions Private Limited, buy the company report.
Financials of Spectrus Sustainable Solutions Private Limited
FY 2025 filings availableSpectrus Sustainable Solutions Private Limited reported revenue of ₹12.4 Cr (up 165% YoY) for FY 2024.
Revenue · FY 2024
₹12.4 Cr ▲ 165%
Net profit · FY 2024
₹68.43 Lakh margin 5.5%
EBITDA · FY 2024
₹93.86 Lakh margin 7.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 165%
3 years · compounded
▲ 88%
5 years · compounded
▲ 85%
EBITDA CAGR growth
1 year
▲ 296%
3 years · compounded
▲ 71%
5 years · compounded
▲ 60%
Revenue has grown at a compounded annual rate (CAGR) of 85% over five years, including 165% growth in the latest year. EBITDA rose 296% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹93.86 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹68.43 Lakh | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.6% | ||||
| Net Profit Margin | 5.5% | ||||
| 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 | |||||
To see the full financial statements and ratios of Spectrus Sustainable Solutions Private Limited, buy the company report.
Board of directors of Spectrus Sustainable Solutions Private Limited
Spectrus Sustainable Solutions has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shruthi Ujjani Ramesh Also directs: Spectrus Informatics Private Limited | Director | 26 Feb 2015 | 11 Years 8 Months | Current |
| Mahadev Chikkanna Also directs: Spectrus Informatics Private Limited | Director | 26 Feb 2015 | 11 Years 8 Months | Current |
Peer comparison
Spectrus Sustainable Solutions Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Shree Porcellano Private Limited | ₹12.41 Cr (FY 2021) | -44.0% | Ahmedabad, Gujarat, India | |||
| Ambika Decor Private Limited | ₹12.41 Cr (FY 2022) | 27.0% | Indore, Madhya Pradesh, India | |||
| Sai PVC Decor Private Limited | ₹12.41 Cr (FY 2025) | 5.0% | Kolkata, West Bengal, India | |||
| Dip Packaging Private Limited | ₹12.41 Cr (FY 2025) | 20.0% | Pune, Maharashtra, India | |||
| Vovance Wood Private Limited | ₹12.4 Cr (FY 2025) | -18.0% | Panch Mahals, Gujarat, India | |||
| Spectrus Sustainable Solutions Private Limitedthis company | ₹12.4 Cr (FY 2024) | ₹68.43 Lakh | 5.5% | 165.0% | 38 | Bangalore, Karnataka, India |
| Empoli Offset Pvt Ltd | ₹12.39 Cr (FY 2024) | -2.0% | Surat, Gujarat, India | |||
| Trimurti Industries Private Limited | ₹12.38 Cr (FY 2025) | -1.0% | Uttarakhand, India | |||
| Reejhul Furniture Private Limited | ₹12.32 Cr (FY 2025) | 199.0% | Gwalior, Madhya Pradesh, India | |||
| CMT Arts (India) Private Limited | ₹12.3 Cr (FY 2025) | -14.0% | Jaipur, Rajasthan, India | |||
| Krishna Corrugators Private Limited | ₹12.29 Cr (FY 2024) | -19.0% | Palghar, Maharashtra, India |
To see the full peer comparison of Spectrus Sustainable Solutions Private Limited, buy the company report.
Auditor
Spectrus Sustainable Solutions Private Limited is audited by SSB and Associates for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SSB and Associates | FY 2022 | 010372S |
Shareholding
The shareholding of Spectrus Sustainable Solutions 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 Spectrus Sustainable Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jan 2025 | 101043601 | Others | ₹1 Cr | Open | |
| 08 Jan 2025 | 101029598 | Others | ₹70 Lakh | Open | |
| 23 Sep 2022 | 100660317 | Hdfc Bank Limited | ₹5.5 Cr | Open | |
| 21 Mar 2020 | 100336450 | Karnataka State Financial Corporation | ₹80 Lakh | Open |
To see the full charge records of Spectrus Sustainable Solutions Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Spectrus Sustainable Solutions Private Limited has 9 deals on record (5 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹6.01 Cr; the latest was in January 2022.
Total deals
9
Secondary share transfers
5
Rights issues
2
Funding rounds
2
Disclosed funding
₹6.01 Cr
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2022 | Funding round · Seed | ₹4.25 Cr | Investors: 4 individuals |
| Jul 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2020 | Funding round | ₹1.76 Cr | Investors: 4 individuals |
To see the full deal history of Spectrus Sustainable Solutions 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
No court or tribunal cases involving Spectrus Sustainable Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Spectrus Sustainable Solutions Private Limited has 4 MSME Form 1 returns on record between 2021 and 2023, listing 45 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Krsamgi Technologies Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Spectrus Sustainable Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Spectrus Sustainable Solutions Private Limited has a workforce of 38 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
38
Active EPFO establishments
1
Employee growth
18.8%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 38 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 |
To see the full employee and EPFO history of Spectrus Sustainable Solutions Private Limited, buy the company report.
GST
Spectrus Sustainable Solutions has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
Total GSTINs
7
Active
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAVCS5646N1Z6 | Karnataka | Active | 01 Jul 2017 |
| 06AAVCS5646N1ZE | Haryana | Active | 11 Oct 2023 |
| 27AAVCS5646N1ZA | Maharashtra | Active | 27 Oct 2023 |
| 19AAVCS5646N1Z7 | West Bengal | Active | 30 Nov 2023 |
To see the full GST registrations and return filing status of Spectrus Sustainable Solutions Private Limited, buy the company report.
Recent activity
Spectrus Sustainable Solutions Private Limited has 3 board changes on record since 2015: 2 appointments and 1 cessation. The latest: Dr Karsten Brast ceased to be Director on 16 Mar 2019.
Charges
A charge with Hdfc Bank Limited of Rs. 550.00 Lakh registered on 23 Sep 2022 with Charge ID 100660317 was modified on 30 Oct 2025.
AGM
Spectrus Sustainable Solutions Private Limited last Annual general meeting of members was held on 20 Sep 2025 as per latest MCA records.
Filing
Spectrus Sustainable Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 101043601 was registered on 17 Jan 2025.
Charges
A charge with Others amounted to Rs. 70.00 Lakh with Charge ID 101029598 was registered on 08 Jan 2025.
Charges
A charge with Karnataka State Financial Corporation of Rs. 80.00 Lakh registered on 21 Mar 2020 with Charge ID 100336450 was modified on 09 Dec 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 550.00 Lakh with Charge ID 100660317 was registered on 23 Sep 2022.
Charges
A charge with Karnataka State Financial Corporation amounted to Rs. 80.00 Lakh with Charge ID 100336450 was registered on 21 Mar 2020.
Ceased
Dr Karsten Brast ceased to be Director.
Appointed
Mahadev Chikkanna was appointed as Director.
Appointed
Shruthi Ujjani Ramesh was appointed as Director.
Incorporation
26 Feb 2015
Spectrus Sustainable Solutions Private Limited was registered on 26 Feb 2015 with Roc Bangalore & aged 11 years 8 months as per MCA records.
Frequently asked questions
Spectrus Sustainable Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in wood and wood products, within the wood industry. It was incorporated on 26 February 2015 (11+ years old) and is registered under CIN U36997KA2015PTC079026.
Spectrus Sustainable Solutions has 2 current directors:
- Shruthi Ujjani Ramesh - Director
- Mahadev Chikkanna - Director
The latest financial statements of Spectrus Sustainable Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 20 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Spectrus Sustainable Solutions is 29AAVCS5646N1Z6, registered in Karnataka. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 06AAVCS5646N1ZE (Haryana), 27AAVCS5646N1ZA (Maharashtra), 19AAVCS5646N1Z7 (West Bengal).
The CIN (Corporate Identification Number) of Spectrus Sustainable Solutions is U36997KA2015PTC079026. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spectrus Sustainable Solutions was incorporated on 26 February 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
Spectrus Sustainable Solutions has 9 deals on record (5 secondary share transfers, 2 rights issues, 2 funding rounds), with disclosed funding of ₹6.01 Cr; the latest was in January 2022.
The peers of Spectrus Sustainable Solutions by revenue are Shree Porcellano Private Limited, Ambika Decor Private Limited, Sai PVC Decor Private Limited, Dip Packaging Private Limited, Vovance Wood Private Limited and 5 more, all in the same principal business activity (wood and wood products, furniture, paper and paper products).
Dr Karsten Brast ceased to be Director on 16 Mar 2019. Mahadev Chikkanna was appointed as Director on 26 Feb 2015. Shruthi Ujjani Ramesh was appointed as Director on 26 Feb 2015.
Yes, Spectrus Sustainable Solutions is registered as an MSME under Udyam registration (number: UDYAM-KR-03-0016287).
Spectrus Sustainable Solutions has 4 MSME Form 1 returns on record between 2021 and 2023, listing 45 overdue payments to 8 micro and small suppliers. The latest return was filed on 23 Jan 2024.
Spectrus Sustainable Solutions can be reached through the website mynusco.com. Its registered office is in Bangalore, Karnataka, India.
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