Spire Cera-Frit Private Limited
About Spire Cera-Frit Private Limited
Data last updated:
Spire Cera-Frit Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 07 October 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U26933GJ2003PTC043020. Its GSTIN is 24AAHCS5723J1Z8 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹4.44 Cr. It is led by directors Upeshkumar Hasmukhlal Thakkar (Whole-Time Director) and Gaurav Hasmukhbhai Thakkar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹64.75 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹1.5 Cr (net margin 2.3%) and EBITDA of ₹4.57 Cr (EBITDA margin 7.1%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 5% over five years.
As per MCA filings, the company has open charges of ₹53.2 Cr and satisfied charges of ₹48.61 Cr on record. Court records list 10 cases involving the company, including 8 filed by the company and 2 filed against it; 5 cases are pending. The company has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹7.24 Cr; the latest was in March 2021. The company has 3 MSME Form 1 returns on record between 2019 and 2024, listing 47 overdue payments to 5 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Spire Cera-Frit Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOffice No: 606 To 608 Shapath – 5 Opp.Karnavati Club S.G.Highway Vejalpu, R, Ahmedabad, Gujarat, India – 380051
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Spire Cera-Frit Private Limited, buy the company report.
- 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
Business activity
The main business activity of Spire Cera-Frit is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Spire Cera-Frit Private Limited, buy the company report.
Financials of Spire Cera-Frit Private Limited
FY 2025 filings availableSpire Cera-Frit Private Limited reported revenue of ₹64.75 Cr (down 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 25% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹4.57 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.5 Cr | ||||
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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 | 7.1% | ||||
| Net Profit Margin | 2.3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Spire Cera-Frit Private Limited, buy the company report.
Board of directors of Spire Cera-Frit Private Limited
Spire Cera-Frit has 2 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Upeshkumar Hasmukhlal Thakkar Also directs: Hindustan Silichem Private Limited, Shreenath Ceramics Industries Private Limited, Sunfrio Chemicals Private Limited and 5 more | Whole-Time Director | 11 Feb 2008 | 18 Years 8 Months | Current |
| Gaurav Hasmukhbhai Thakkar Also directs: Hindustan Silichem Private Limited, Sunfrio Chemicals Private Limited, Sunrise Glass Industries Private Limited and 5 more | Whole-Time Director | 03 Mar 2018 | 8 Years 7 Months | Current |
Auditor
Spire Cera-Frit Private Limited is audited by ANIKET DARSHAN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ANIKET DARSHAN & ASSOCIATES | FY 2023 | 128943W |
Shareholding
The shareholding of Spire Cera-Frit Private Limited is on record for 5 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 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Spire Cera-Frit Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jul 2024 | 100947419 | Others | ₹3.3 Cr | Open | |
| 16 Jun 2022 | 100585244 | Others | ₹24.95 Cr | Open | |
| 25 Feb 2022 | 100572777 | Others | ₹24.95 Cr | Open | |
| 20 Jul 2011 | 10300761 | Bank of Baroda | ₹7.66 Cr | Satisfied | |
| 20 Jul 2011 | 10300762 | Others | ₹15.86 Cr | Satisfied |
To see the full charge records of Spire Cera-Frit Private Limited, buy the company report.
Total charge records: 10 View all charges
Deals & funding
Spire Cera-Frit Private Limited has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹7.24 Cr; the latest was in March 2021.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Mar 2014 | Funding round | ₹3.32 Cr | Investors: 3 individuals |
| Dec 2012 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
| Jun 2011 | Funding round | ₹2.46 Cr | Investors: 2 individuals |
To see the full deal history of Spire Cera-Frit Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Spire Cera-Frit Private Limited has 10 court cases on record: 8 filed by Spire Cera-Frit, 2 filed against it. 5 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 0 | 0 |
| District courts | 3 | 0 | 3 |
| Supreme Court | 3 | 2 | 2 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1902-Energy Laws - Electricity, Petroleum, Oil and Natural Gas : Dealership and distribution of petroleum products.) | Filed by the company against Gail (India) Limited . 809, Sakar-Ii, Opp. Town Hall, Near Ellisbridge ,Ahmedabad , Gujarat and 1 other | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Gail (India) Limited and 1 other | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Shree Varahi Chemicals | Pending |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed by the company against Shree Varahi Silicate Industries Pvt Ltd and 2 others | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Pending |
To see the full case history of Spire Cera-Frit 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.
Credit ratings & regulatory alerts
Spire Cera-Frit Private Limited was last rated by Crisil on 10 Nov 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 10 Nov 2020 |
To see the full credit ratings and regulatory alerts of Spire Cera-Frit Private Limited, buy the company report.
MSME payment delays
Spire Cera-Frit Private Limited has 3 MSME Form 1 returns on record between 2019 and 2024, listing 47 overdue payments to 5 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 5)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Prithvi Minerals | |||
| an individual supplier | |||
| Kuber Minerals | |||
| Rajlaxmi Mineral | |||
| Bhanu Enterprise |
To see the full MSME payment records of Spire Cera-Frit Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Spire Cera-Frit has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCS5723J1Z8 | Gujarat | Active | 01 Jul 2017 |
| 27AAHCS5723J1Z2 | Maharashtra | Active | 30 Oct 2023 |
To see the full GST registrations and return filing status of Spire Cera-Frit Private Limited, buy the company report.
Recent activity
Spire Cera-Frit Private Limited has 13 board changes on record since 2008: 2 appointments and 11 cessations. The latest: Gaurav Hasmukhbhai Thakkar ceased to be Additional Director on 29 Sep 2018.
25 earlier events are in the company report.
Frequently asked questions
Spire Cera-Frit is an active private limited company based in Ahmedabad, Gujarat, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 07 October 2003 (23+ years old) and is registered under CIN U26933GJ2003PTC043020.
Spire Cera-Frit has 2 current directors:
- Upeshkumar Hasmukhlal Thakkar - Whole-Time Director
- Gaurav Hasmukhbhai Thakkar - Whole-Time Director
The latest financial statements of Spire Cera-Frit on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Spire Cera-Frit is 24AAHCS5723J1Z8, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAHCS5723J1Z2 (Maharashtra).
The CIN (Corporate Identification Number) of Spire Cera-Frit is U26933GJ2003PTC043020. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spire Cera-Frit has 10 court cases on record: 8 filed by the company and 2 filed against it. 5 are pending. Most are in the high courts.
Spire Cera-Frit was incorporated on 07 October 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Spire Cera-Frit has 10 deals on record (6 secondary share transfers, 4 funding rounds), with disclosed funding of ₹7.24 Cr; the latest was in March 2021.
Gaurav Hasmukhbhai Thakkar ceased to be Additional Director on 29 Sep 2018. Gaurav Hasmukhbhai Thakkar was appointed as Whole-Time Director on 03 Mar 2018. Hasmukhbhai Mangaldas Thakkar ceased to be Director on 25 Feb 2018. Spire Cera-Frit has 13 board changes on record in total.
Spire Cera-Frit has 3 MSME Form 1 returns on record between 2019 and 2024, listing 47 overdue payments to 5 micro and small suppliers. The latest return was filed on 30 Apr 2024.
The registered office of Spire Cera-Frit is at Office No: 606 To 608 Shapath – 5 Opp.Karnavati Club S.G.Highway Vejalpu, R, Ahmedabad, Gujarat, India – 380051.
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