About Spen Formulations Pvt Ltd
Data last updated:
Spen Formulations Pvt Ltd is a private limited company based in H P, Himachal Pradesh, India. It operates in the drug formulation and development segment of the pharmaceuticals sector. It was incorporated on 27 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Himachal Pradesh, under CIN U45202HP2006PTC030153. Its GSTIN is 02AAKCS0768G1ZF (Himachal Pradesh).
The company has an authorised share capital of ₹1.7 Cr and a paid-up capital of ₹1.7 Cr. It is led by directors Saksham Sangwan and Santosh Kumar Maurya.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 123 Industrail Areamehatpur Una, H P, Himachal Pradesh, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.98 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net profit of ₹33.72 Lakh (net margin 1.1%) and EBITDA of ₹81.23 Lakh (EBITDA margin 2.7%). Revenue has grown at a compounded annual rate (CAGR) of 114% over three years and 39% over five years.
The company has about 22 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.49 Cr and satisfied charges of ₹55.77 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spenformulations.com.
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- Website
- Social MediaLocked
- Registered Address123 Industrail Areamehatpur Una, H P, Himachal Pradesh, India
- IndustryPharma, Drug Formulation & Development
- 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 Spen Formulations Pvt Ltd
The main business activity of Spen Formulations is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products | 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.
Auditor Details of Spen Formulations Pvt Ltd
Spen Formulations Pvt Ltd is audited by KBB & CO. for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KBB & CO. | 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 Spen Formulations Pvt Ltd
Spen Formulations has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saksham Sangwan | Additional Director | 17 Feb 2022 | 4 Years 7 Months | Current |
| Santosh Kumar Maurya | Additional Director | 23 May 2023 | 3 Years 4 Months | Current |
Financials of Spen Formulations Pvt Ltd FY 2024 filings available
Spen Formulations Pvt Ltd reported revenue of ₹29.98 Cr (down 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Spen Formulations Pvt Ltd
Revenue fell 8% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 39%. EBITDA fell 7% 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 Spen Formulations Pvt Ltd
| 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 | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹81.23 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹33.72 Lakh | •••• | •••• | •••• | •••• |
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| Share Capital | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Spen Formulations Pvt Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
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| 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 Spen Formulations 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.
Ownership and Shareholding of Spen Formulations Pvt Ltd
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 Spen Formulations Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Jul 2020 | Karnataka Bank Ltd. | ₹33.9 Lakh | Open |
| 15 Jan 2008 | Karnataka Bank Ltd. | ₹2.15 Cr | Open |
| 25 May 2015 | Karnataka Bank Ltd. | ₹35 Lakh | Satisfied |
| 22 Jul 2011 | General Manager | ₹20.77 Lakh | Satisfied |
Total charge records: 4 View all charges
Employees and EPFO Compliance at Spen Formulations Pvt Ltd
Spen Formulations Pvt Ltd has a workforce of 22 employees as of Mar 26, 2025.
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.
GST Compliance of Spen Formulations Pvt Ltd
Spen Formulations has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AAKCS0768G1ZF | Himachal Pradesh | 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.
Credit Ratings, Litigation & Regulatory Alerts for Spen Formulations Pvt Ltd
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 Spen Formulations Pvt Ltd
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 Spen Formulations Pvt Ltd
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.
MCA Filings & Documents of Spen Formulations Pvt Ltd
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.
Recent Activity on Spen Formulations Pvt Ltd
Frequently Asked Questions about Spen Formulations Pvt Ltd
Spen Formulations is an active private limited company based in H P, Himachal Pradesh, India. The company works in drug formulation and development, within the pharma industry. It was incorporated on 27 April 2006 (20+ years old) and is registered under CIN U45202HP2006PTC030153.
Spen Formulations reported revenue of ₹29.98 Cr for FY 2025 (down 8% YoY).
Spen Formulations has 2 current directors:
- Saksham Sangwan - Additional Director
- Santosh Kumar Maurya - Additional Director
Spen Formulations reported a net profit of ₹33.72 Lakh (net margin 1.1%) and EBITDA of ₹81.23 Lakh (EBITDA margin 2.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Spen Formulations is 114% over three years and 39% over five years. In the latest year (FY 2025) revenue fell 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Spen Formulations is 02AAKCS0768G1ZF, registered in Himachal Pradesh.
The CIN (Corporate Identification Number) of Spen Formulations is U45202HP2006PTC030153. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spen Formulations was incorporated on 27 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Himachal Pradesh.
Spen Formulations can be reached through the website spenformulations.com. Its registered office is in H P, Himachal Pradesh, India.