MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0023292
Spi Industries Private Limited - machinery and equipment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹54.5 Cr
▲ 25% YoY
Net profit · FY 2025
₹2.36 Cr
Net margin 4.3%
EBITDA · FY 2025
₹5.38 Cr
EBITDA margin 9.9%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹3 Cr
Issued & subscribed
Open charges
₹22.88 Cr
Satisfied ₹6.73 Cr
Company age
41 yrs
Est. 1985
Employees · EPFO
78
Provident fund records
About Spi Industries Private Limited
Data last updated:
Spi Industries Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 11 September 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28910GJ1985PTC008087. Its GSTIN is 24AABCV1970G2ZG (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹3 Cr. It was formerly known as Vitrag Traders Pvt Ltd and Spi Containers Private Limited. It is led by directors including Krutarth Vinodbhai Shah and Deepak Chinubhai Shah.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹54.5 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹2.36 Cr (net margin 4.3%) and EBITDA of ₹5.38 Cr (EBITDA margin 9.9%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 13% over five years.
The company has about 78 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: SPI Industries. As per MCA filings, the company has open charges of ₹22.88 Cr and satisfied charges of ₹6.73 Cr on record. Court records list 17 cases involving the company, including 15 filed by the company and 2 filed against it; 4 cases are pending.
Spi Industries Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0023292). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spiindustries.in.
Company details
CIN U28910GJ1985PTC008087
Registration Number 008087
Incorporation Date 11 September 1985
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0023292
Name history
Spi Industries has undergone 2 name changes throughout its history. The company was previously known as Vitrag Traders Pvt Ltd, and Spi Containers Private Limited. The current legal name is Spi Industries Private Limited.
| Company Name | Status |
|---|---|
| Spi Industries Private Limited | Current |
| Vitrag Traders Pvt Ltd | Previous |
| Spi Containers Private Limited | Previous |
CIN history
Spi Industries has one previous CIN (Corporate Identification Number): U51909GJ1985PTC008087. The current CIN is U28910GJ1985PTC008087, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28910GJ1985PTC008087 | Current |
| U51909GJ1985PTC008087 | Previous |
Key People
Krutarth Vinodbhai Shah Director Deepak Chinubhai Shah Director Hardik Dipakbhai Shah Director Recognitions & Rankings of Spi Industries
Contact details
Spi Industries Private Limited's registered office is in Ahmedabad, Gujarat. Its website is spiindustries.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressS.No.439/1 & 2 Sarkhej Bavla Highway Nr. Chanchar Wadi Bus Stand Village – Matoda Tal. Sana, Nd, Ahmedabad, Gujarat, India – 382213
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Spi Industries Private Limited, buy the company report.
Comprehensive company report
Spi Industries 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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Secure checkout · GST invoice included
Brands
Spi Industries operates one associated brand: SPI Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of transformer components and steel drums in Ahmedabad. | spiindustries.in |
Business activity
The main business activity of Spi Industries is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Spi Industries Private Limited, buy the company report.
Financials of Spi Industries Private Limited
FY 2025 filings availableSpi Industries Private Limited reported revenue of ₹54.5 Cr (up 25% YoY) for FY 2025.
Revenue · FY 2025
₹54.5 Cr ▲ 25%
Net profit · FY 2025
₹2.36 Cr margin 4.3%
EBITDA · FY 2025
₹5.38 Cr margin 9.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 25%
3 years · compounded
▲ 15%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 136%
3 years · compounded
▲ 54%
5 years · compounded
▲ 30%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 25% growth in the latest year. EBITDA rose 136% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| EBITDA | ₹5.38 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.36 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.9% | ||||
| Net Profit Margin | 4.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Spi Industries Private Limited, buy the company report.
Board of directors of Spi Industries Private Limited
Spi Industries has 9 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krutarth Vinodbhai Shah Also directs: Navkar Transcore Private Limited, Vardhaman Stampings Private Limited, Rishabh Lifescience Private Limited and 1 more | Director | 28 Apr 2015 | 11 Years 6 Months | Current |
| Deepak Chinubhai Shah Also directs: Navkar Transcore Private Limited, Vardhaman Stampings Private Limited, Vasupujya Multitrade LLP and 2 more | Director | 28 Apr 2015 | 11 Years 6 Months | Current |
| Hardik Dipakbhai Shah Also directs: Navkar Transcore Private Limited, Vardhaman Stampings Private Limited, Vasupujya Multitrade LLP and 2 more | Director | 01 Apr 2006 | 20 Years 6 Months | Current |
| Vinod Chinubhai Shah | Director | 09 Apr 1986 | 40 Years 6 Months | Current |
| Samkit Dipakbhai Shah Also directs: Navkar Transcore Private Limited, Vardhaman Stampings Private Limited, Vasupujya Multitrade LLP and 2 more | Director | 28 Apr 2015 | 11 Years 6 Months | Current |
| Kamlesh Shah Chinubhai | Director | 11 Sep 1985 | 41 Years 1 Months | Current |
Showing 6 of 9 current directors. View all directors
Auditor
Spi Industries Private Limited is audited by Mukesh M. Shah & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mukesh M. Shah & Co. | FY 2023 | 106625W |
Shareholding
The shareholding of Spi Industries 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 Spi Industries Private Limited, buy the company report.
Charges & borrowings
Open charges
₹22.88 Cr
Satisfied charges
₹6.73 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jun 2012 | 10361805 | State Bank of India | ₹9.68 Cr | Open | |
| 21 Apr 2012 | 10357332 | State Bank of India | ₹13.2 Cr | Open | |
| 07 Dec 2006 | 10029134 | Development Credit Bank Ltd. | ₹2.35 Cr | Satisfied | |
| 07 Dec 2006 | 10029137 | Development Credit Bank Ltd. | ₹4.35 Cr | Satisfied | |
| 31 May 1993 | 80022171 | Bank of Baroda | ₹3 Lakh | Satisfied |
To see the full charge records of Spi Industries Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Spi Industries Private Limited has 17 court cases on record: 15 filed by Spi Industries, 2 filed against it. 4 cases are pending and 13 are disposed.
Total cases
17
Filed by the company
15
Filed against the company
2
Pending
4
Disposed
13
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 0 | 4 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 17)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Tesla Transformers (Global) Pvt. Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Oren Hydrocarbons Pvt. Ltd. | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Tesla Transformers Ltd | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Shilchar Technologies Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed by the company against Accurate Transformers Ltd. - Notice to Be Served to Its Director and 1 other | Disposed |
To see the full case history of Spi Industries Private 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.
Credit ratings & regulatory alerts
Spi Industries Private Limited was last rated by Crisil on 17 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 17 Dec 2020 |
To see the full credit ratings and regulatory alerts of Spi Industries Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Spi Industries Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Spi Industries Private Limited has a workforce of 78 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
Employee count
78
Active EPFO establishments
1
Employee growth
-13.33%
GST
Spi Industries has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCV1970G2ZG | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spi Industries Private Limited, buy the company report.
Recent activity
Spi Industries Private Limited has 9 board changes on record since 1985: 9 appointments. The latest: Deepak Chinubhai Shah was appointed as Director on 28 Apr 2015.
AGM
Spi Industries Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Spi Industries Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with State Bank Of India of Rs. 9.68 Cr registered on 07 Jun 2012 with Charge ID 10361805 was modified on 10 Nov 2023.
Appointed
Deepak Chinubhai Shah was appointed as Director.
Appointed
Krutarth Vinodbhai Shah was appointed as Director.
Appointed
Parthiv Kamleshbahi Shah was appointed as Director.
Appointed
Pathik Vinodbhai Shah was appointed as Director.
Appointed
Prashant Shah Kamleshbhai was appointed as Director.
Appointed
Samkit Dipakbhai Shah was appointed as Director.
Charges
A charge with State Bank Of India amounted to Rs. 9.68 Cr with Charge ID 10361805 was registered on 07 Jun 2012.
Charges
A charge registered on 07 Dec 2006 via Charge ID 10029134 with Development Credit Bank Ltd. was fully satisfied on 30 May 2012.
Charges
A charge registered on 07 Dec 2006 via Charge ID 10029137 with Development Credit Bank Ltd. was fully satisfied on 30 May 2012.
10 earlier events are in the company report.
Frequently asked questions
Spi Industries is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 11 September 1985 (41+ years old) and is registered under CIN U28910GJ1985PTC008087.
Spi Industries has 9 current directors:
- Krutarth Vinodbhai Shah - Director
- Deepak Chinubhai Shah - Director
- Hardik Dipakbhai Shah - Director
- Vinod Chinubhai Shah - Director
- Samkit Dipakbhai Shah - Director
- Kamlesh Shah Chinubhai - Director
- Parthiv Kamleshbahi Shah - Director
- Pathik Vinodbhai Shah - Director
- Prashant Shah Kamleshbhai - Director
The latest financial statements of Spi Industries on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Spi Industries is 24AABCV1970G2ZG, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Spi Industries is U28910GJ1985PTC008087. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spi Industries has 17 court cases on record: 15 filed by the company and 2 filed against it. 4 are pending. Most are in the district courts.
Spi Industries was incorporated on 11 September 1985, making it 41+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Deepak Chinubhai Shah was appointed as Director on 28 Apr 2015. Krutarth Vinodbhai Shah was appointed as Director on 28 Apr 2015. Parthiv Kamleshbahi Shah was appointed as Director on 28 Apr 2015. Spi Industries has 9 board changes on record in total.
Yes, Spi Industries is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0023292).
Spi Industries can be reached through the website spiindustries.in. Its registered office is in Ahmedabad, Gujarat, India.