About Spica Modular Solutions Limited
Data last updated:
Spica Modular Solutions Limited is a public limited company based in Chennai, Tamil Nadu, India. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 27 February 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U36101TN2001PLC046707. Its GSTIN is 33AABCR7588J1ZX (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹91.76 Lakh. It was formerly known as Spica Modular Solutions Private Limited and Rishabh Furnitech Private Limited. It is led by directors including Sanjay Dangi (Managing Director) and Anil Laxmi Lal Dangi.
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 No. 117 Ellaya Mudali Street Indra Nagar Tondiarpet, Chennai, Tamil Nadu, India – 600081.
As per the financials filed for FY 2024, the company reported a revenue of ₹37.98 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹1.16 Cr (net margin 3%) and EBITDA of ₹2.61 Cr (EBITDA margin 6.9%). Revenue has grown at a compounded annual rate (CAGR) of 33% over three years and 13% over five years.
The company has about 25 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Spica Modular Solutions. As per MCA filings, the company has open charges of ₹4 Cr and satisfied charges of ₹4.5 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spica.net.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo. 117 Ellaya Mudali Street Indra Nagar Tondiarpet, Chennai, Tamil Nadu, India – 600081
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
- 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 Spica Modular Solutions Limited
The main business activity of Spica Modular Solutions is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper 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.
Financials of Spica Modular Solutions Limited FY 2025 filings available
Spica Modular Solutions Limited reported revenue of ₹37.98 Cr (up 24% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Spica Modular Solutions Limited
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 24% growth in the latest year. EBITDA rose 10% 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 Spica Modular Solutions Limited
| 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 | ₹2.61 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.16 Cr | •••• | •••• | •••• | •••• |
| 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 of Spica Modular Solutions Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Spica Modular Solutions 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.
Peer Comparison of Spica Modular Solutions Limited
Spica Modular Solutions Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Furniture). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Itp Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Highspazes Private Limited | •••• | •••• | •••• | •••• | - | Gurugram, Haryana, India |
| Unimaple Modutech Private Limited | •••• | •••• | •••• | •••• | 143 | Surat, Gujarat, India |
| Jiph Furniture Private Limited | •••• | •••• | •••• | •••• | - | Gharaunda, Haryana, India |
| Rse India Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Spica Modular Solutions Limited this company | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Dreamspace Interiors Private Limited | •••• | •••• | •••• | •••• | 69 | Mumbai, Maharashtra, India |
| Ace Furniture Solutions Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Aall Mart Limited | •••• | •••• | •••• | •••• | - | Choryasi, Gujarat, India |
| Farwood Industries Limited | •••• | •••• | •••• | •••• | 51 | Thiruvallur, Tamil Nadu, India |
| Pinkcity Enterprises Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Spica Modular Solutions by revenue in the Consumer Durables industry (Furniture), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Spica Modular Solutions Limited
Spica Modular Solutions Limited is audited by M G J & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M G J & ASSOCIATES | 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 Spica Modular Solutions Limited
Spica Modular Solutions has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anil Laxmi Lal Dangi | Director | 21 Jul 2014 | 12 Years 2 Months | Current |
| Meena Dangi | Director | 01 Oct 2006 | 20 Years 0 Months | Current |
| Sanjay Dangi Also directs: Dhara Plotters LLP, BKD Pakwan Restaurants Private Limited | Managing Director | 27 Feb 2001 | 25 Years 7 Months | Current |
Ownership and Shareholding of Spica Modular Solutions Limited
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 Spica Modular Solutions Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Nov 2023 | Hdfc Bank Limited | ₹4 Cr | Open |
| 08 Mar 2019 | Axis Bank Limited | ₹4 Cr | Satisfied |
| 29 Mar 2012 | State Bank of India | ₹50 Lakh | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Spica Modular Solutions Limited
Spica Modular Solutions Limited has 4 court cases on record: 3 filed by Spica Modular Solutions, 1 filed against it. All cases are disposed. Status as checked between 28 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 2 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed by the company against Matrix Security and Surveillance Pvt Ltd | Disposed |
| Madras High Court | Revision petition | Filed by the company against Matrix Security and Surveillance Pvt Ltd | Disposed |
| District court, Chennai, Tamil Nadu | Court case (COS) | Filed by the company against Matrix Security and Surveillance Pvt. Ltd | Disposed |
| District court, Chennai, Tamil Nadu | Execution petition | Filed against the company by an individual | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Spica Modular Solutions Limited
Spica Modular Solutions operates one associated brand: Spica Modular Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Specializes as a brand offering premium office furniture solutions. | spica.net.in |
Employees and EPFO Compliance at Spica Modular Solutions Limited
Spica Modular Solutions Limited has a workforce of 25 employees as of Apr 07, 2024.
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.
Name History of Spica Modular Solutions Limited
Spica Modular Solutions has undergone 2 name changes throughout its history. The company was previously known as Spica Modular Solutions Private Limited, and Rishabh Furnitech Private Limited. The current legal name is Spica Modular Solutions Limited.
| Company Name | Status |
|---|---|
| Spica Modular Solutions Limited | Current |
| Spica Modular Solutions Private Limited | Previous |
| Rishabh Furnitech Private Limited | Previous |
CIN History of Spica Modular Solutions Limited
Spica Modular Solutions has one previous CIN (Corporate Identification Number): U36101TN2001PTC046707. The current CIN is U36101TN2001PLC046707, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U36101TN2001PLC046707 | Current |
| U36101TN2001PTC046707 | Previous |
Recent Activity on Spica Modular Solutions Limited
Spica Modular Solutions Limited has 3 board changes on record since 2001: 3 appointments. The latest: Anil Laxmi Lal Dangi was appointed as Director on 21 Jul 2014.
Credit Ratings, Litigation & Regulatory Alerts for Spica Modular Solutions Limited
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 Spica Modular Solutions Limited
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 Spica Modular Solutions Limited
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.
GST Compliance of Spica Modular Solutions Limited
Spica Modular Solutions has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCR7588J1ZX | Tamil Nadu | Active | 01 Jul 2017 |
| 29AABCR7588J1ZM | Karnataka | Active | 04 Aug 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.
MCA Filings & Documents of Spica Modular Solutions Limited
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.
Frequently Asked Questions about Spica Modular Solutions Limited
Spica Modular Solutions is an active public limited company based in Chennai, Tamil Nadu, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 27 February 2001 (25+ years old) and is registered under CIN U36101TN2001PLC046707.
Spica Modular Solutions reported revenue of ₹37.98 Cr for FY 2024 (up 24% YoY).
Spica Modular Solutions has 3 current directors:
- Sanjay Dangi - Managing Director
- Anil Laxmi Lal Dangi - Director
- Meena Dangi - Director
Spica Modular Solutions reported a net profit of ₹1.16 Cr (net margin 3%) and EBITDA of ₹2.61 Cr (EBITDA margin 6.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Spica Modular Solutions is 33% over three years and 13% over five years. In the latest year (FY 2024) revenue rose 24%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Spica Modular Solutions is 33AABCR7588J1ZX, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 29AABCR7588J1ZM (Karnataka).
The CIN (Corporate Identification Number) of Spica Modular Solutions is U36101TN2001PLC046707. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spica Modular Solutions has 4 court cases on record: 3 filed by the company and 1 filed against it. Most are in the high courts.
Spica Modular Solutions was incorporated on 27 February 2001, making it 25+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Spica Modular Solutions by revenue are Itp Limited, Highspazes Private Limited, Unimaple Modutech Private Limited, Jiph Furniture Private Limited, Rse India Private Limited and 5 more, all in the Consumer Durables industry (Furniture).
Anil Laxmi Lal Dangi was appointed as Director on 21 Jul 2014. Meena Dangi was appointed as Director on 01 Oct 2006. Sanjay Dangi was appointed as Managing Director on 27 Feb 2001.