Spisys Limited
About Spisys Limited
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Spisys Limited is a public limited company based in Telangana, India. It operates in the instant and ready-to-eat foods segment of the food and beverages sector. It was incorporated on 24 June 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN L51219TG1994PLC017767. Its GSTIN is 36AAACN7990H1Z3 (Telangana). The company holds 2 GST registrations, of which 1 is active. It is recorded as listed by MCA, but its shares were delisted from BSE on 23 Nov 2023 · compulsory delisting, and no longer trade on a stock exchange.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.05 Cr. It was formerly known as Novo Agri-Tech Ltd. It is led by directors including Sailaja Jonnalagadda (Whole-Time Director) and Anil Kumar Ramavatar.
Its last annual general meeting (AGM) was held on 30 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office is at Plot No.164 & 165 Apiic Ida Pashhamylaram Medak, Telangana, India – 502307.
As per the financials filed for FY 2016, the company reported a revenue of ₹23.03 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹59.58 Lakh (net margin 2.6%) and EBITDA of ₹1.1 Cr (EBITDA margin 4.8%).
The company has about 32 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹8.84 Cr and satisfied charges of ₹1.47 Cr on record. Court records list 19 cases involving the company, including 9 filed by the company and 10 filed against it; 6 cases are pending. The company has 9 deals on record (9 market trades); the latest was in June 2016. Its 8 peer companies in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 4 larger and 4 smaller; the largest is Leveza Foods Private Limited with revenue of ₹23.44 Cr.
The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN history
Spisys has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L51219TG1994PLC017767, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51219TG1994PLC017767 | Current |
| U51219AP1994PLC017767 | Previous |
| U51219TG1994PLC017767 | Previous |
| L51219AP1994PLC017767 | Previous |
Contact details
Spisys Limited's registered office is in Telangana. Its e-mail address is in the company report.
- Email
- Registered AddressPlot No.164 & 165 Apiic Ida Pashhamylaram Medak, Telangana, India – 502307
- IndustryFood and Beverages, Instant & Ready-to-Eat Foods
To see the full contact details of Spisys 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 Spisys is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Spisys Limited, buy the company report.
Financials of Spisys Limited
FY 2016 filings availableSpisys Limited reported revenue of ₹23.03 Cr (down 12% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year. EBITDA fell 68% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹23.03 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹1.1 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ₹59.58 Lakh | |
| 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 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 4.8% | |
| Net Profit Margin | 2.6% | |
| 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 Spisys Limited, buy the company report.
Board of directors of Spisys Limited
Spisys has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Venkateswara Prasad Jonnalagadda Also directs: Teacaf Beverages (OPC) Private Limited | Additional Director | 01 Nov 2021 | 4 Years 11 Months | Current |
| Sujesh Govindan Also directs: Tier 1 Agri Tech Private Limited | Additional Director | 01 Nov 2021 | 4 Years 11 Months | Current |
| Anil Kumar Ramavatar Also directs: Sri Aurobindo Industries Private Limited | Director | 30 Nov 2015 | 10 Years 10 Months | Current |
| Sailaja Jonnalagadda | Whole-Time Director | 31 Mar 2015 | 11 Years 6 Months | Current |
Peer comparison
Spisys Limited is compared with the 8 companies closest to it by revenue in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Leveza Foods Private Limited | ₹23.44 Cr (FY 2023) | 71.0% | Alathur, Kerala, India | |||
| Health Care Energy Foods Private Limited | ₹23.41 Cr (FY 2025) | 33.0% | New Delhi, Delhi, India | |||
| Mithas Foods Private Limited | ₹23.4 Cr (FY 2025) | 14.0% | Kanpur, Uttar Pradesh, India | |||
| Indiyum Foods Private Limited | ₹23.24 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India | |||
| Spisys Limitedthis company | ₹23.03 Cr (FY 2016) | ₹59.58 Lakh | 2.6% | -12.0% | 32 | Telangana, India |
| Snacksmiths Private Limited | ₹23.02 Cr (FY 2025) | 169.0% | Vasai, Maharashtra, India | |||
| Srini Food Park Private Limited | ₹22.95 Cr (FY 2025) | -28.0% | Hyderabad, Telangana, India | |||
| K-Pra Foods Private Limited | ₹22.92 Cr (FY 2024) | 13.0% | Pune, Maharashtra, India | |||
| Rapuria Agro Foods Private Limited | ₹22.78 Cr (FY 2024) | -2.0% | Agra, Uttar Pradesh, India |
To see the full peer comparison of Spisys Limited, buy the company report.
Auditor
Spisys Limited is audited by RAMASAMY KOTESWARA RAO & CO LLP for the financial year 2016.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMASAMY KOTESWARA RAO & CO LLP | FY 2016 | 010396S |
Shareholding
The shareholding of Spisys Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Spisys Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Dec 1997 | 90132519 | Others | ₹2 Cr | Open | |
| 06 Dec 1995 | 90135534 | Global Trust Bank Ltd. | ₹74 Lakh | Open | |
| 26 Jun 1995 | 90132127 | Others | ₹6.1 Cr | Open | |
| 14 Feb 1997 | 90132380 | Canara Bank | ₹1.45 Cr | Satisfied | |
| 14 Feb 1997 | 90135653 | Canara Bank | ₹2 Lakh | Satisfied |
To see the full charge records of Spisys Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Spisys Limited has 9 deals on record (9 market trades); the latest was in June 2016.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2016 | Market trade | ₹21.1 Lakh | Buyer: an individual Seller: 2 individuals |
| Apr 2016 | Market trade | ₹22.2 Lakh | Buyer: an individual |
| Sep 2015 | Market trade | ₹33.7 Lakh | Buyer: JMP Securities Private Limited Seller: JMP Securities Private Limited |
| Jul 2015 | Market trade | ₹91 Lakh | Buyer: Amit Jasani Fin Ser Pvt Ltd, NBN Fintrade Private Limited , an individual Seller: NBN Fintrade Private Limited , an individual |
| Jun 2015 | Market trade | ₹18.8 Lakh | Seller: Divyaraj Mercantile Private Limited |
To see the full deal history of Spisys 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
Spisys Limited has 19 court cases on record: 9 filed by Spisys, 10 filed against it. 6 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 12 | 3 | 4 |
| District courts | 3 | 3 | 1 |
| NCLAT | 3 | 3 | 1 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMARY CASE) | Filed against the company by Yatish Trading Company Pvt Ltd Through Its Authorized Representative Mr Paresh Patel | Pending |
| Bombay High Court | Court case (LPETN) | Filed against the company by Yatish Trading Company Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Yatish Trading Company Pvt Ltd | Disposed |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed against the company by Omkara Assets Reconstruction Private Limited | Disposed |
| Bombay High Court | Court case (CHS) | Filed against the company by Yatish Trading Company Pvt Ltd | Disposed |
To see the full case history of Spisys 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 Spisys Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Spisys Limited has a workforce of 32 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Spisys has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAACN7990H1Z3 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spisys Limited, buy the company report.
Recent activity
Spisys Limited has 22 board changes on record since 1995: 13 appointments and 9 cessations. The latest: Sobhanadri Jonnalagadda ceased to be Managing Director on 04 Nov 2021.
24 earlier events are in the company report.
Frequently asked questions
Spisys is an active public limited company based in Telangana, India. The company works in instant and ready-to-eat foods, within the food and beverages industry. It was incorporated on 24 June 1994 (32+ years old) and is registered under CIN L51219TG1994PLC017767.
Spisys has 4 current directors:
- Sailaja Jonnalagadda - Whole-Time Director
- Vivek Venkateswara Prasad Jonnalagadda - Additional Director
- Sujesh Govindan - Additional Director
- Anil Kumar Ramavatar - Director
The latest financial statements of Spisys on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 30 September 2016. Year-wise statements from 2015 are in the company report.
The GSTIN of Spisys is 36AAACN7990H1Z3, registered in Telangana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Spisys is L51219TG1994PLC017767. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spisys is recorded as a listed company by MCA, but its shares were delisted from BSE on 23 Nov 2023 · compulsory delisting, and no longer trade on a stock exchange.
Spisys has 19 court cases on record: 9 filed by the company and 10 filed against it. 6 are pending. Most are in the high courts.
Spisys was incorporated on 24 June 1994, making it 32+ years old. It is registered with the Registrar of Companies, Hyderabad.
Spisys has 9 deals on record (9 market trades); the latest was in June 2016.
The peers of Spisys by revenue are Leveza Foods Private Limited, Health Care Energy Foods Private Limited, Mithas Foods Private Limited, Indiyum Foods Private Limited, Snacksmiths Private Limited and 3 more, all in the Food and Beverages industry (Instant Foods), with the same principal business activity (food, beverages and tobacco products).
Sobhanadri Jonnalagadda ceased to be Managing Director on 04 Nov 2021. Sujesh Govindan was appointed as Additional Director on 01 Nov 2021. Vivek Venkateswara Prasad Jonnalagadda was appointed as Additional Director on 01 Nov 2021. Spisys has 22 board changes on record in total.