Spica Elastic Private Limited - Company Profile

It is a manufacturing private limited company based in Mumbai, Maharashtra, India, established in 1979.
1979 Mumbai, Maharashtra, India Active
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About Spica Elastic Private Limited

Spica Elastic Private Limited, a active private limited company, was established on 25 September 1979 in Mumbai, Maharashtra, India. Engaging in textile & fabric production within the trade sector, it holds CIN: U17236MH1979PTC021712. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹7.00 Cr and a paid-up capital of ₹4.61 Cr.

Formerly known as Spica Elastic Limited. It upholds a compliant status. Employing 3 professional, Its leadership includes Sohrab Khurshed Bharucha (Director), Amish Rajnikant Jaitha (Director), Manisha Manish Jaitha (Director). Past directors included Sudhir Narendra Kulkarni, Rajnikant Chandrakumar Jaitha, Sohrab Khurshed Bharucha. It holds ₹38.38 Cr open charges and ₹104.35 Cr settled loans. Its latest AGM occurred on 30 December 2024, with the balance sheet filed on 31 March 2024. It is based at 477 Chandra Chowk3Rd Lane M J Cloth Market, Mumbai, Maharashtra, 400002.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U17236MH1979PTC021712

  • Registration Number

    021712

  • Incorporation Date

    25 September 1979

  • Authorized Capital

    ₹7.00 Cr

  • Paid-Up Capital

    ₹4.61 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 7.00 Cr
  • Paid Up Capital ₹ 4.61 Cr
  • Company Age 46 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 38.38 Cr
  • Satisfied Charges ₹ 104.35 Cr
  • Revenue Growth **** -47.99%
  • Profit Growth **** -111.45%
  • Ebitda **** 57.85%
  • Net Worth -5.46%
  • Total Assets **** 5.75%
Company report

Spica Elastic Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Spica Elastic 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 Spica Elastic Private Limited?
Current Directors
Name Designation Appointment Date Status
Sohrab Khurshed Bharucha Director 01 Apr 2019 Current
Amish Rajnikant Jaitha Director 16 Nov 1997 Current
Manisha Manish Jaitha Director 01 Apr 2019 Current
Manish Rajnikant Jaitha Managing Director 20 Jun 1988 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 27 Aug 2016 Past
Pramod Abcsdd Director 31 Mar 2017 Past
Pramod Abcsdd Whole-Time Director 31 Dec 2019 Past
Pramod Abcsdd Additional Director 31 Dec 2019 Past
Pramod Abcsdd Director 31 Mar 2016 Past
Pramod Abcsdd Director 01 Apr 2019 Past

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Financial Performance of Spica Elastic.

Spica Elastic Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 47.99% decrease. The company also saw a substantial fall in profitability, with a 111.45% decrease in profit. The company's net worth dipped by a decrease of 5.46%.

Spica Elastic revenue growth over time
Spica Elastic profit and loss trends over time
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
  • 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
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 -47.99%
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Revenue from Operations
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Total Assets
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 5.75%
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Profit or Loss
*******
 -111.45%
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Net Worth
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 -5.46%
*******
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EBITDA
*******
 57.85%
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What is the Ownership and Shareholding Structure of Spica Elastic?

In 2023, Spica Elastic had a promoter holding of 86.04% and a public holding of 13.97%. The company had 1 Subsidiary and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • 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

₹383,842,000.00

Satisfied Charges

₹1,043,507,260.74

Charges Breakdown by Lending Institutions
  • The Saraswat Co-Operative Bank Limited : 28.50 Cr
  • Others : 8.31 Cr
  • Bank Of India : 1.57 Cr
Latest Charge Details
Date Lender Amount Status
20 Feb 2025 Others ₹1.50 Cr Open
30 Nov 2021 Bank Of India ₹1.57 Cr Open
30 Sep 2021 Others ₹6.81 Cr Open
19 Nov 2010 The Saraswat Co-Operative Bank Limited ₹14.00 Cr Open
15 Dec 2005 The Saraswat Co-Operative Bank Limited ₹14.50 Cr Open

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How Many Employees Work at Spica Elastic?

Spica Elastic has a workforce of 3 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
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Spica Elastic, 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 Spica Elastic's trajectory.

Rating
Graph displaying rating trends over time

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
Alert Indicator

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 Spica Elastic
Recent Activity within the Organization
  • Charges

    A charge with Others amounted to Rs. 1.50 Cr with Charge ID 101068064 was registered on 20 Feb 2025. was recorded as a recent event.

  • Annual General Meeting

    Progress on Spica Elastic Private Limited last Annual general meeting of members was held on 30 Dec 2024 as per latest MCA records. was documented.

  • Balance Sheet

    Spica Elastic Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was recorded as a recent event.

  • Charges

    A charge with Others of Rs. 6.81 Cr registered on 30 Sep 2021 with Charge ID 100497587 was modified on 21 Feb 2022. was recorded as a recent event.

  • Charges

    A charge registered on 07 Sep 2019 via Charge ID 100291462 with Others was fully satisfied on 12 Jan 2022. was recorded as a recent event.

  • Charges

    Progress on A charge with Bank Of India amounted to Rs. 1.57 Cr with Charge ID 100516034 was registered on 30 Nov 2021. was documented.

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Frequently Asked Questions
What is the CIN of Spica Elastic Private Limited?

The CIN of Spica Elastic Private Limited is U17236MH1979PTC021712.

Where is Spica Elastic Private Limited headquartered?

Spica Elastic Private Limited is headquartered at 477 Chandra Chowk3Rd Lane M J Cloth Market, Mumbai, Maharashtra, 400002.

When was Spica Elastic Private Limited incorporated?

Spica Elastic Private Limited was incorporated on 25 September 1979.

Who are the current directors of Spica Elastic Private Limited?

The current directors of Spica Elastic Private Limited are

What is the primary industry of Spica Elastic Private Limited?

The primary industry of Spica Elastic Private Limited is Trade.

Is Spica Elastic Private Limited a listed company?

Spica Elastic Private Limited is unlisted.

What is the capital structure of Spica Elastic Private Limited?

The authorized capital of Spica Elastic Private Limited is ₹7.00 Cr, and the paid-up capital is ₹4.61 Cr.

What is the compliance status of Spica Elastic Private Limited?

The compliance status of Spica Elastic Private Limited is Compliant.

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