MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-24-0039992
Spig Cooling Towers India Private Limited - engineering in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹57.6 Lakh
▼ 80% YoY
Net loss · FY 2025
₹1.67 Cr
Net margin -289.9%
EBITDA · FY 2025
-₹1.65 Cr
EBITDA margin -286.3%
Authorised capital
₹31.3 Cr
Registered with MCA
Paid-up capital
₹31.28 Cr
Issued & subscribed
Company age
18 yrs
Est. 2008
Employees · EPFO
2
Provident fund records
Directors on board
2
As per MCA filings
About Spig Cooling Towers India Private Limited
Data last updated:
Spig Cooling Towers India Private Limited is a foreign private limited company based in Mumbai, Maharashtra, India, a subsidiary of Spig Spa. It operates in the engineering sector. It was incorporated on 17 January 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29191MH2008FTC177878. Its GSTIN is 27AALCS5373E1Z3 (Maharashtra). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹31.3 Cr and a paid-up capital of ₹31.28 Cr. It is led by directors Alberto Galantini and Xerxes Vispi Dastur.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹57.6 Lakh, a decline of 80% compared to the previous year. For the same year it recorded a net loss of ₹1.67 Cr (net margin -289.9%) and EBITDA of -₹1.65 Cr (EBITDA margin -286.3%). Revenue has declined at a compounded annual rate (CAGR) of 11% over three years and 37% over five years.
The company has about 2 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: SPIG. Court records list 11 cases involving the company, including 7 filed by the company and 4 filed against it; 3 cases are pending.
Spig Cooling Towers India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0039992). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spig-int.com.
Company details
CIN U29191MH2008FTC177878
Registration Number 177878
Incorporation Date 17 January 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Spig Spa
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-24-0039992
Recognitions & Rankings of Spig Cooling Towers India
Contact details
Spig Cooling Towers India Private Limited's registered office is in Mumbai, Maharashtra. Its website is spig-int.com. Its e-mail address is in the company report.
- Email
- Website
- Registered Address6A 4B New Excelsior Bld A K Nayak Marg Off D. N. Road Fort Mu, Mbai 40000, Mumbai, Maharashtra, India – 400001
- IndustryEngineering, Engineering, Procurement & Construction (EPC)
To see the full contact details of Spig Cooling Towers India Private Limited, buy the company report.
Comprehensive company report
Spig Cooling Towers India 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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Brands
Spig Cooling Towers India operates one associated brand: SPIG. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Limited information available | spig-int.com |
Business activity
The main business activity of Spig Cooling Towers India is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities |
To see the full business activity and turnover split of Spig Cooling Towers India Private Limited, buy the company report.
Financials of Spig Cooling Towers India Private Limited
FY 2025 filings availableSpig Cooling Towers India Private Limited reported revenue of ₹57.6 Lakh (down 80% YoY) for FY 2025.
Revenue · FY 2025
₹57.6 Lakh ▼ 80%
Net loss · FY 2025
₹1.67 Cr margin -289.9%
EBITDA · FY 2025
-₹1.65 Cr margin -286.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 80%
3 years · compounded
▼ 11%
5 years · compounded
▼ 37%
EBITDA CAGR growth
1 year
▼ 368%
3 years · compounded
▼ 17%
5 years · compounded
▲ 26%
Revenue has declined at a compounded annual rate (CAGR) of 37% over five years, including a 80% fall in the latest year. EBITDA fell 368% 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 | |||||
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| Total Expenses | |||||
| EBITDA | -₹1.65 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.67 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -286.3% | ||||
| Net Profit Margin | -289.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Quick Ratio | |||||
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| 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 Spig Cooling Towers India Private Limited, buy the company report.
Board of directors of Spig Cooling Towers India Private Limited
Spig Cooling Towers India has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Alberto Galantini | Additional Director | 04 Nov 2019 | 7 Years 0 Months | Current |
| Xerxes Vispi Dastur Also directs: Keda Music Products Private Limited, Zoro Legacy Publication Private Limited, Dosh Gaming India Private Limited and 5 more | Additional Director | 04 Apr 2022 | 4 Years 7 Months | Current |
Auditor
Spig Cooling Towers India Private Limited is audited by K B CHANDNA & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K B CHANDNA & CO | FY 2021 | 000862N |
Shareholding
The shareholding of Spig Cooling Towers India Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Spig Cooling Towers India Private Limited, buy the company report.
Legal cases
Spig Cooling Towers India Private Limited has 11 court cases on record: 7 filed by Spig Cooling Towers India, 4 filed against it. 3 cases are pending and 8 are disposed.
Total cases
11
Filed by the company
7
Filed against the company
4
Pending
3
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 2 | 2 |
| District courts | 3 | 2 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Appeal | Filed against the company by Edac Engineering Limited | Pending |
| Madras High Court | Appeal | Filed by the company against Edac Engineering Limited | Pending |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by M/S. Satyam Composites Pvt.Ltd. Through Mr. Satyam Ghanshyambhai Siddhpura | Pending |
| High Court | Appeal | Filed by the company against M/S.Edac Engineering Limited | Disposed |
| Supreme Court | Court case (2808-Mercantile Laws, Commercial Transactions Including Banking : Others) | Filed by the company against M/S Satyam Composites Pvt. Ltd. Through Mr. Satyam Ghanshyambhai Siddhpura Authorized Signatory 505/6, Gidc Makarpura, Vadodara ,Vadodara , Gujarat | Disposed |
To see the full case history of Spig Cooling Towers India Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Spig Cooling Towers India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Spig Cooling Towers India Private Limited has a workforce of 2 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
2
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 2 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Spig Cooling Towers India Private Limited, buy the company report.
GST
Spig Cooling Towers India has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AALCS5373E1Z3 | Maharashtra | Active | 01 Jul 2017 |
| 24AALCS5373E1Z9 | Gujarat | Active | 01 Jul 2017 |
| 19AALCS5373E1Z0 | West Bengal | Active | 11 Dec 2017 |
| 06AALCS5373E1Z7 | Haryana | Active | 13 Dec 2017 |
To see the full GST registrations and return filing status of Spig Cooling Towers India Private Limited, buy the company report.
Recent activity
Spig Cooling Towers India Private Limited has 10 board changes on record since 2014: 2 appointments and 8 cessations. The latest: Xerxes Vispi Dastur was appointed as Additional Director on 04 Apr 2022.
AGM
Spig Cooling Towers India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Spig Cooling Towers India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Xerxes Vispi Dastur was appointed as Additional Director.
Appointed
Alberto Galantini was appointed as Additional Director.
Ceased
Mohd Soheb Alam ceased to be Additional Director.
Ceased
Madhav Shridhar Athalye ceased to be Additional Director.
Ceased
Mark Andrew Carano ceased to be Additional Director.
Ceased
Mahendra Ramchand Daswani ceased to be Additional Director.
Ceased
Maria Grazia Nobili ceased to be Director.
Ceased
Marco Rapetti ceased to be Director.
Ceased
Ananthanarayanan Manjunath ceased to be Additional Director.
Ceased
Biji Kuriakose Vazhayil ceased to be Director.
1 earlier event is in the company report.
Frequently asked questions
Spig Cooling Towers India is an active foreign private limited company based in Mumbai, Maharashtra, India. The company works in the engineering industry. It was incorporated on 17 January 2008 (18+ years old) and is registered under CIN U29191MH2008FTC177878.
Spig Cooling Towers India has 2 current directors:
- Alberto Galantini - Additional Director
- Xerxes Vispi Dastur - Additional Director
The latest financial statements of Spig Cooling Towers India 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 2015 are in the company report.
The GSTIN of Spig Cooling Towers India is 27AALCS5373E1Z3, registered in Maharashtra. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 24AALCS5373E1Z9 (Gujarat), 19AALCS5373E1Z0 (West Bengal), 06AALCS5373E1Z7 (Haryana).
The CIN (Corporate Identification Number) of Spig Cooling Towers India is U29191MH2008FTC177878. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spig Cooling Towers India has 11 court cases on record: 7 filed by the company and 4 filed against it. 3 are pending. Most are in the high courts.
Spig Cooling Towers India was incorporated on 17 January 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
Xerxes Vispi Dastur was appointed as Additional Director on 04 Apr 2022. Alberto Galantini was appointed as Additional Director on 04 Nov 2019. Mohd Soheb Alam ceased to be Additional Director on 04 Nov 2019. Spig Cooling Towers India has 10 board changes on record in total.
Yes, Spig Cooling Towers India is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-24-0039992).
Spig Cooling Towers India can be reached through the website spig-int.com. Its registered office is in Mumbai, Maharashtra, India.
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