India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,482 Ajay Singh ₹1,400 Cr
Revenue · FY 2025
₹188.7 Cr
▼ 42% YoY
Net profit · FY 2025
₹10.13 Cr
Net margin 5.4%
EBITDA · FY 2025
₹13.92 Cr
EBITDA margin 7.4%
Authorised capital
₹2,600 Cr
Registered with MCA
Paid-up capital
₹5.01 Cr
Issued & subscribed
Open charges
₹1,676.56 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Employees · EPFO
165
Provident fund records
About Spicexpress and Logistics Private Limited
Data last updated:
Spicexpress and Logistics Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Spicejet Limited. It operates in the cargo services segment of the transport and logistics sector. It was incorporated on 30 December 2019 and has been in existence for over 7 years.
Its director Ajay Singh is #1,482 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U63030DL2019PTC359462. Its GSTIN is 07ABDCS1602H1ZP (Delhi). The company holds 17 GST registrations, all of them active.
The company has an authorised share capital of ₹2,600 Cr and a paid-up capital of ₹5.01 Cr. It is led by directors including Manoj Kumar and Kamal Kartar Hingorani.
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 318 3rd Floor H – 6 Aggarwal Tower Netaji Subhash Place Pitampura, New Delhi, Delhi, India – 110034.
As per the financials filed for FY 2025, the company reported a revenue of ₹188.7 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net profit of ₹10.13 Cr (net margin 5.4%) and EBITDA of ₹13.92 Cr (EBITDA margin 7.4%).
The company has about 165 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: SpiceXpress. As per MCA filings, the company has open charges of ₹1,676.56 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spicexpress.com.
Company details
CIN U63030DL2019PTC359462
Registration Number 359462
Incorporation Date 30 December 2019
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Spicejet Limited
Compliance Status Active Compliant
Recognitions & Rankings of Spicexpress and Logistics
Contact details
Spicexpress and Logistics Private Limited's registered office is in New Delhi, Delhi. Its website is spicexpress.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address318 3rd Floor H – 6 Aggarwal Tower Netaji Subhash Place Pitampura, New Delhi, Delhi, India – 110034
- IndustryTransport and Logistics, Cargo Services
To see the full contact details of Spicexpress and Logistics Private Limited, buy the company report.
Comprehensive company report
Spicexpress and Logistics Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
Spicexpress and Logistics operates one associated brand: SpiceXpress. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Air cargo and logistics services are provided by SpiceXpress. | spicexpress.com |
Business activity
The main business activity of Spicexpress and Logistics is transport and storage. In detail, this covers air transport.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H4 | Air transport |
To see the full business activity and turnover split of Spicexpress and Logistics Private Limited, buy the company report.
Financials of Spicexpress and Logistics Private Limited
FY 2025 filings availableSpicexpress and Logistics Private Limited reported revenue of ₹188.7 Cr (down 42% YoY) for FY 2025.
Revenue · FY 2025
₹188.7 Cr ▼ 42%
Net profit · FY 2025
₹10.13 Cr margin 5.4%
EBITDA · FY 2025
₹13.92 Cr margin 7.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 42%
EBITDA CAGR growth
1 year
▲ 793%
3 years · compounded
▲ 807%
5 years · compounded
▲ 429%
Revenue fell 42% in the latest year. EBITDA rose 793% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹13.92 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.13 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.4% | ||||
| Net Profit Margin | 5.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Spicexpress and Logistics Private Limited, buy the company report.
Board of directors of Spicexpress and Logistics Private Limited
Spicexpress and Logistics has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Manoj Kumar | Director | 14 Sep 2024 | 2 Years 1 Months | Current |
| Kamal Kartar Hingorani | Director | 01 Oct 2023 | 3 Years 1 Months | Current |
| Shiwani Singh | Director | 30 Dec 2019 | 6 Years 10 Months | Current |
| Ajay Singh | Director | 30 Dec 2019 | 6 Years 10 Months | Current |
Auditor
Spicexpress and Logistics Private Limited is audited by Walker Chandiok & Co LLP. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP. | FY 2022 | 001076N/N500013 |
Shareholding
The shareholding of Spicexpress and Logistics Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Spicexpress and Logistics Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1,676.56 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Apr 2023 | 100696259 | Yes Bank Limited | ₹585.4 Cr | Open | |
| 27 Mar 2023 | 100701612 | Indian Bank | ₹212.66 Cr | Open | |
| 11 Feb 2023 | 100675751 | Yes Bank Limited | ₹127.52 Cr | Open | |
| 11 Feb 2023 | 100675760 | Yes Bank Limited | ₹150.98 Cr | Open | |
| 11 Feb 2023 | 100675763 | Yes Bank Limited | ₹600 Cr | Open |
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Spicexpress and Logistics Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Spicexpress and Logistics Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 47 overdue payments to 7 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Knight Hood Corporate Services Private Limited | |||
| Sapthagiri Cargo | |||
| an individual supplier | |||
| DKM Online Private Limited | |||
| Nayak Aviation Services Private Limited |
To see the full MSME payment records of Spicexpress and Logistics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Spicexpress and Logistics has 17 GST registrations: 17 active. The first 4 active GSTINs are listed below.
Total GSTINs
17
Active
17
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07ABDCS1602H1ZP | Delhi | Active | 09 Feb 2020 |
| 30ABDCS1602H1Z0 | Goa | Active | 05 Feb 2021 |
| 20ABDCS1602H1Z1 | Jharkhand | Active | 14 Feb 2021 |
| 24ABDCS1602H1ZT | Gujarat | Active | 16 Feb 2021 |
To see the full GST registrations and return filing status of Spicexpress and Logistics Private Limited, buy the company report.
Recent activity
Spicexpress and Logistics Private Limited has 7 board changes on record since 2019: 4 appointments and 3 cessations. The latest: Manoj Kumar ceased to be Additional Director on 29 Sep 2024.
AGM
Spicexpress And Logistics Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Spicexpress And Logistics Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Ceased
Manoj Kumar ceased to be Additional Director.
Appointed
Manoj Kumar was appointed as Director.
Ceased
Kamal Kartar Hingorani ceased to be Additional Director.
Appointed
Kamal Kartar Hingorani was appointed as Director.
Charges
A charge with Yes Bank Limited amounted to Rs. 585.40 Cr with Charge ID 100696259 was registered on 04 Apr 2023.
Charges
A charge with Indian Bank amounted to Rs. 212.66 Cr with Charge ID 100701612 was registered on 27 Mar 2023.
Charges
A charge with Yes Bank Limited amounted to Rs. 127.52 Cr with Charge ID 100675751 was registered on 11 Feb 2023.
Charges
A charge with Yes Bank Limited amounted to Rs. 150.98 Cr with Charge ID 100675760 was registered on 11 Feb 2023.
Charges
A charge with Yes Bank Limited amounted to Rs. 600.00 Cr with Charge ID 100675763 was registered on 11 Feb 2023.
Ceased
Easwaran Sundaram ceased to be Additional Director.
3 earlier events are in the company report.
News
Frequently asked questions
Spicexpress and Logistics is an active private limited company based in New Delhi, Delhi, India. The company works in cargo services, within the transport and logistics industry. It was incorporated on 30 December 2019 (7+ years old) and is registered under CIN U63030DL2019PTC359462.
Spicexpress and Logistics has 4 current directors:
- Manoj Kumar - Director
- Kamal Kartar Hingorani - Director
- Shiwani Singh - Director
- Ajay Singh - Director
The latest financial statements of Spicexpress and Logistics on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Spicexpress and Logistics is 07ABDCS1602H1ZP, registered in Delhi. The company has 17 GST registrations in all, of which 17 are active. Other active GSTINs include 30ABDCS1602H1Z0 (Goa), 20ABDCS1602H1Z1 (Jharkhand), 24ABDCS1602H1ZT (Gujarat).
The CIN (Corporate Identification Number) of Spicexpress and Logistics is U63030DL2019PTC359462. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spicexpress and Logistics was incorporated on 30 December 2019, making it 7+ years old. It is registered with the Registrar of Companies, Delhi.
Manoj Kumar ceased to be Additional Director on 29 Sep 2024. Manoj Kumar was appointed as Director on 14 Sep 2024. Kamal Kartar Hingorani ceased to be Additional Director on 06 Dec 2023. Spicexpress and Logistics has 7 board changes on record in total.
Spicexpress and Logistics has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 47 overdue payments to 7 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Spicexpress and Logistics can be reached through the website spicexpress.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Spicexpress and Logistics is at 318 3rd Floor H – 6 Aggarwal Tower Netaji Subhash Place Pitampura, New Delhi, Delhi, India – 110034.
Spicexpress and Logistics operates in the transport and logistics industry, in the cargo services segment.
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