Spica Elastic Private Limited Company Logo

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
Last Updated:

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

  • 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 Indicators

  • Authorised Capital ₹ 7.00 Cr
  • Paid Up Capital ₹ 4.61 Cr
  • Company Age 46 Year, 2 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

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

NameDesignationAppointment DateStatus
Sohrab Khurshed BharuchaDirector01 Apr 2019Current
Amish Rajnikant JaithaDirector16 Nov 1997Current
Manisha Manish JaithaDirector01 Apr 2019Current
Manish Rajnikant JaithaManaging Director20 Jun 1988Current

Past Directors

NameDesignationCessationStatus
Pramod AbcsddAdditional Director27 Aug 2016Past
Pramod AbcsddDirector31 Mar 2017Past
Pramod AbcsddWhole-Time Director31 Dec 2019Past
Pramod AbcsddAdditional Director31 Dec 2019Past
Pramod AbcsddDirector31 Mar 2016Past
Pramod AbcsddDirector01 Apr 2019Past

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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
  • 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
-47.99%
Revenue from Operations
Total Assets
5.75%
Profit or Loss
-111.45%
Net Worth
-5.46%
EBITDA
57.85%

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 Indicator graph

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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

DateLenderAmountStatus
20 Feb 2025Others₹1.50 CrOpen
30 Nov 2021Bank Of India₹1.57 CrOpen
30 Sep 2021Others₹6.81 CrOpen
19 Nov 2010The Saraswat Co-Operative Bank Limited₹14.00 CrOpen
15 Dec 2005The Saraswat Co-Operative Bank Limited₹14.50 CrOpen

Explore comprehensive loan charge details -

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 growth trends for Spica Elastic Private Limited

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.

Latest Updates, News, and FAQs on Spica Elastic

Recent Activity within the Organization

  • Charges

    Progress on A charge with Others amounted to Rs. 1.50 Cr with Charge ID 101068064 was registered on 20 Feb 2025. was documented.

  • Annual General Meeting

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

  • Balance Sheet

    The activity Spica Elastic Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was completed.

  • Charges

    The activity 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 completed.

  • 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.

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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