Spice Islands Industries Limited - Company Profile

It is a appreal & fashion public limited company based in Mumbai, Maharashtra, India, established in 1988.

1988 Mumbai, Maharashtra, India Active

Last Updated: January 10, 2026

About Spice Islands Industries Limited

Spice Islands Industries Limited, a active public limited company, was established on 23 December 1988 in Mumbai, Maharashtra, India. Engaging in leather within the manufacturing sector, it holds CIN: L11040MH1988PLC050197. Registered under ROC Roc Mumbai. it is listed on BSE: 526827. It has an authorized capital of ₹15.00 Cr and a paid-up capital of ₹6.23 Cr.

Formerly known as Spice Island Apparels Private Limited, Spice Islands Industries Limited. It upholds a compliant status. Its leadership includes Faraaz Irfan Chapra (Cfo), Shikha Sethia (Director), Dipesh Sambhaji Dalvi (Director). Past directors included Umesh Mohan Katre, Seema Umesh Katre, Sunil Dattatraya Joshi. It holds no open charges and ₹8.04 Cr settled loans. Its latest AGM occurred on 19 August 2024, with the balance sheet filed on 31 March 2024. It is based at Unit 3043-3048, 3Rd Fl, Bhandup Industrial Estate Pannalal Silk Mills Compd, L.B.S. Marg,, Bhandup-W, Mumbai, Maharashtra, 400078.

Company Details

CIN/LLPIN
L11040MH1988PLC050197
Registration Number
050197
Incorporation Date
23 December 1988
Authorized Capital
₹15.00 Cr
Paid-Up Capital
₹6.23 Cr
ROC Code
Roc Mumbai
Listing Status
Listed (BSE: 526827)
Company Status
Active

Key Metrics

Authorised Capital ₹ 15.00 Cr as on 10-01-2026
Paid Up Capital ₹ 6.23 Cr as on 10-01-2026
Company Age 37 Year, 2 Months
Last Filing with ROC 31 Mar 2024
Satisfied Charges ₹ 8.04 Cr as on 10-01-2026

Comprehensive Company Insights

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Who are the key members and board of directors at Spice Islands Industries Limited?

Current Directors

Name	Designation	Appointment Date	Status
Faraaz Irfan Chapra	Cfo	10 Apr 2024	Current
Shikha Sethia	Director	08 Nov 2023	Current
Dipesh Sambhaji Dalvi	Director	11 Oct 2025	Current
Shivanand Rama Hemmady	Director	08 Nov 2023	Current
Sandeep Jamnadas Merchant	Whole-Time Director	08 Nov 2023	Current
Dhaval Girish Chheda	Ceo	29 Mar 2024	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Managing Director	31 Oct 2018	Past
Pramod Abcsdd	Whole-Time Director	11 Nov 2019	Past
Pramod Abcsdd	Company Secretary	15 Feb 2023	Past
Pramod Abcsdd	Additional Director	05 Jul 2024	Past
Pramod Abcsdd	Additional Director	04 Jan 2024	Past
Pramod Abcsdd	Additional Director	11 Nov 2025	Past

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Financial Performance of Spice Islands Industries.

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

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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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Revenue from Operations

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Total Assets

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Profit or Loss

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Net Worth

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EBITDA

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What is the Ownership and Shareholding Structure of Spice Islands Industries?

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Shareholding Pattern (FY 2024)

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

₹0

Satisfied Charges

₹80,379,852.00

Charges Breakdown by Lending Institutions

Vijaya Bank : 6.32 Cr
Kotak Mahindra Prime Limited : 1.16 Cr
Others : 0.56 Cr

Latest Charge Details

Date	Lender	Amount	Status
31 Jul 2020	Others	₹3.10 M	Satisfied
16 Aug 2016	Others	₹2.50 M	Satisfied
10 Sep 2015	Kotak Mahindra Prime Limited	₹3.50 M	Satisfied
26 Jun 2015	Kotak Mahindra Prime Limited	₹1.12 M	Satisfied
28 May 2015	Kotak Mahindra Prime Limited	₹1.94 M	Satisfied

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How Many Employees Work at Spice Islands Industries?

Unlock and access historical data on people associated with Spice Islands Industries, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

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Rating

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Alerts

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Latest Updates, News, and FAQs on Spice Islands Industries

Recent Activity within the Organization

Director Appointment

The activity Dipesh Sambhaji Dalvi was appointed as a Director was appointed as a Director on 11 Oct 2025 & has been associated with this company since 4 months 27 days . was completed.
11 Oct 2025
Annual General Meeting

The activity Spice Islands Industries Limited last Annual general meeting of members was held on 19 Aug 2024 as per latest MCA records. was completed.
19 Aug 2024
Director Appointment

Progress on Faraaz Irfan Chapra was appointed as a CFO was appointed as a CFO on 10 Apr 2024 & has been associated with this company since 1 year 10 months . was documented.
10 Apr 2024
Director Appointment

Chirag Chandulal Rajapopat was appointed as a Director was appointed as a Director on 10 Apr 2024 & has been associated with this company since 1 year 10 months . was recorded as a recent event.
10 Apr 2024
Balance Sheet

Spice Islands Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was recorded as a recent event.
31 Mar 2024
Director Appointment

Dhaval Girish Chheda was appointed as a CEO was appointed as a CEO on 29 Mar 2024 & has been associated with this company since 1 year 11 months . was recorded as a recent event.
29 Mar 2024

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Frequently Asked Questions

What is the CIN of Spice Islands Industries Limited?

The CIN of Spice Islands Industries Limited is L11040MH1988PLC050197.

Where is Spice Islands Industries Limited headquartered?

Spice Islands Industries Limited is headquartered at Unit 3043-3048, 3Rd Fl, Bhandup Industrial Estate Pannalal Silk Mills Compd, L.B.S. Marg,, Bhandup-W, Mumbai, Maharashtra, 400078.

When was Spice Islands Industries Limited incorporated?

Spice Islands Industries Limited was incorporated on 23 December 1988.

Who are the current directors of Spice Islands Industries Limited?

The current directors of Spice Islands Industries Limited are

What is the primary industry of Spice Islands Industries Limited?

The primary industry of Spice Islands Industries Limited is Manufacturing.

Is Spice Islands Industries Limited a listed company?

Spice Islands Industries Limited is listed. It is listed on BSE: 526827.

What is the capital structure of Spice Islands Industries Limited?

The authorized capital of Spice Islands Industries Limited is ₹15.00 Cr, and the paid-up capital is ₹6.23 Cr.

What is the compliance status of Spice Islands Industries Limited?

The compliance status of Spice Islands Industries Limited is Compliant.

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