About Spices (India) Ltd
Data last updated:
Spices (India) Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the food and beverage distribution segment of the food and beverages sector. It was incorporated on 12 November 1951 and has been in existence for over 75 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB1951PLC020093. Its GSTIN is 19AADCS5561Q1ZL (West Bengal).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors including Gaurav Surana and Ganesh Prasad Hirawat.
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 10 Amratolla Street, Kolkata, West Bengal, India – 700001.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.82 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net profit of ₹18,979 (net margin 0.1%) and EBITDA of ₹4.74 Lakh (EBITDA margin 2.6%). Revenue has declined at a compounded annual rate (CAGR) of 22% over three years and 19% over five years.
The company is associated with 1 brand: The Spice Lab. As per MCA filings, the company has open charges of ₹5.5 Lakh on record. Court records list 7 cases involving the company, including 7 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spices.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address10 Amratolla Street, Kolkata, West Bengal, India – 700001
- IndustryFood and Beverages, Food & Beverage Retail & Distribution
- 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 Spices (India) Ltd
The main business activity of Spices (India) is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | 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 Spices (India) Ltd FY 2025 filings available
Spices (India) Ltd reported revenue of ₹1.82 Cr (down 46% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Spices (India) Ltd
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 46% fall in the latest year. EBITDA fell 5% 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 Spices (India) Ltd
| 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 | ₹4.74 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹18,979 | •••• | •••• | •••• | •••• |
| 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 Spices (India) Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• | •••• |
| 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 Spices (India) 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 Spices (India) Ltd
Spices (India) Ltd is compared with the companies closest to it by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution, Spices). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Seals Retail World Private Limited | ₹1.82 Cr (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Mahom Retail Private Limited | ₹1.82 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Gwalior, Madhya Pradesh, India |
| Rayaru Farm Fresh Private Limited | ₹1.82 Cr (FY 2021) | •••• | •••• | -26.0% | •••• | Bangalore, Karnataka, India |
| Venu Shrimp Products Private Limited | ₹1.82 Cr (FY 2025) | •••• | •••• | 593.0% | •••• | Rajamahendravaram, Andhra Pradesh, India |
| A Saikia Trading Private Limited | ₹1.82 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Tinsukia, Assam, India |
| Spices (India) Ltd this company | ₹1.82 Cr (FY 2024) | •••• | •••• | -46.0% | •••• | Kolkata, West Bengal, India |
| Anm Agrochem Foods Private Limited | ₹1.82 Cr (FY 2021) | •••• | •••• | 29.0% | •••• | Bolpur, West Bengal, India |
| Growingone Trade Private Limited | ₹1.82 Cr (FY 2018) | •••• | •••• | 168.0% | •••• | Bangalore, Karnataka, India |
| Sri Vishvanitya Industries Private Limited | ₹1.81 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Hyderabad, Telangana, India |
| Bhookhahaathi Hospitality Private Limited | ₹1.81 Cr (FY 2020) | •••• | •••• | 35.0% | •••• | Hormavu Agara Bangalore, Karnataka, India |
| Eezee Chicken India Private Limited | ₹1.81 Cr (FY 2024) | •••• | •••• | 33.0% | •••• | Juhi, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Spices (India) by revenue in the Food and Beverages industry (Food and Beverages Retail and Distribution, Spices), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Spices (India) Ltd
Spices (India) Ltd is audited by M CHOUDHURY & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M CHOUDHURY & CO | 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 Spices (India) Ltd
Spices (India) has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gaurav Surana Also directs: Washpro Private Limited, Russel Art Private Limited, High Growth Housing Pvt Ltd and 1 more | Director | 26 Feb 2019 | 7 Years 7 Months | Current |
| Ganesh Prasad Hirawat | Director | 19 May 1976 | 50 Years 4 Months | Current |
| Khushboo Hirawat Surana | Director | 01 Oct 2018 | 8 Years 0 Months | Current |
Ownership and Shareholding of Spices (India) Ltd
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 Spices (India) Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Oct 2020 | Hdfc Bank Limited | ₹5.5 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Spices (India) Ltd
Spices (India) Ltd has 7 court cases on record: 7 filed by Spices (India). All cases are disposed. Status as checked between 28 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Civil suit | Filed by the company against Rajkumar Lines Ltd | Disposed |
| Calcutta High Court | Writ petition | Filed by the company against Union of India | Disposed |
| Calcutta High Court | Civil suit | Filed by the company against an individual | Disposed |
| Calcutta High Court | Civil suit | Filed by the company against an individual | Disposed |
| Calcutta High Court | Civil suit | Filed by the company against an individual | Disposed |
Full case history
All 7 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 Spices (India) Ltd
Spices (India) operates one associated brand: The Spice Lab. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Brand of spices & seasonings | spices.com |
Employees and EPFO Compliance at Spices (India) Ltd
Employment history and EPFO contributions of people linked to Spices (India).
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.
CIN History of Spices (India) Ltd
Spices (India) has one previous CIN (Corporate Identification Number): U51909WB1951PTC020093. The current CIN is U51909WB1951PLC020093, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51909WB1951PLC020093 | Current |
| U51909WB1951PTC020093 | Previous |
Recent Activity on Spices (India) Ltd
Spices (India) Ltd has 5 board changes on record since 1976: 3 appointments and 2 cessations. The latest: Ashok Kumar Hirawat ceased to be Director on 28 Feb 2019.
Credit Ratings, Litigation & Regulatory Alerts for Spices (India) Ltd
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 Spices (India) Ltd
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 Spices (India) Ltd
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 Spices (India) Ltd
Spices (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCS5561Q1ZL | West Bengal | Active | 01 Jul 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 Spices (India) Ltd
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.
Related news about Spices (India) Ltd
Frequently Asked Questions about Spices (India) Ltd
Spices (India) is an active public limited company based in Kolkata, West Bengal, India. The company works in food and beverage retail and distribution, within the food and beverages industry. It was incorporated on 12 November 1951 (75+ years old) and is registered under CIN U51909WB1951PLC020093.
Spices (India) reported revenue of ₹1.82 Cr for FY 2024 (down 46% YoY).
Spices (India) has 3 current directors:
- Gaurav Surana - Director
- Ganesh Prasad Hirawat - Director
- Khushboo Hirawat Surana - Director
Spices (India) reported a net profit of ₹18,979 (net margin 0.1%) and EBITDA of ₹4.74 Lakh (EBITDA margin 2.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Spices (India) is -22% over three years and -19% over five years. In the latest year (FY 2024) revenue fell 46%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Spices (India) is 19AADCS5561Q1ZL, registered in West Bengal.
The CIN (Corporate Identification Number) of Spices (India) is U51909WB1951PLC020093. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spices (India) has 7 court cases on record: 7 filed by the company.
Spices (India) was incorporated on 12 November 1951, making it 75+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Spices (India) by revenue are Seals Retail World Private Limited, Mahom Retail Private Limited, Rayaru Farm Fresh Private Limited, Venu Shrimp Products Private Limited, A Saikia Trading Private Limited and 5 more, all in the Food and Beverages industry (Food and Beverages Retail and Distribution, Spices).
Ashok Kumar Hirawat ceased to be Director on 28 Feb 2019. Dev Hirawat ceased to be Director on 28 Feb 2019. Gaurav Surana was appointed as Director on 26 Feb 2019. Spices (India) has 5 board changes on record in total.