About Splenor Starch Limited
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Splenor Starch Limited is a public limited company based in Morbi, Gujarat, India. It operates in the staple foods and grains segment of the food and beverages sector. It was incorporated on 09 January 2023.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24299GJ2023PLC138259. Its GSTIN is 24ABKCS1554K1Z4 (Gujarat).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5 Cr. It is led by directors including Mayurbhai Sureshbhai Raiyani (Managing Director) and Sweta Mayurbhai Raiyani.
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 Survey No. 1075/1P2 Village Tithva Taluka Wankaner, Morbi, Gujarat, India – 363621.
As per the financials filed for FY 2025, the company reported a revenue of ₹25.55 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹96.32 Lakh (net margin 3.8%) and EBITDA of ₹2.41 Cr (EBITDA margin 9.4%).
The company is associated with 1 brand: Splenor Starch Limited. As per MCA filings, the company has open charges of ₹7.07 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 splenorstarch.in.
Company details
Contact details
Splenor Starch Limited's registered office is in Morbi, Gujarat.
- Social Media
- Registered AddressSurvey No. 1075/1P2 Village Tithva Taluka Wankaner, Morbi, Gujarat, India – 363621
- IndustryFood and Beverages, Staple Foods & Grains
- 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
Brands
Splenor Starch operates one associated brand: Splenor Starch Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and exporting of industrial starch derived from maize for diverse industry applications. | splenorstarch.in |
Business activity
The main business activity of Splenor Starch is manufacturing. In detail, this covers manufacture of paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 17 | Manufacture of paper and paper products |
To see the full business activity and turnover split of Splenor Starch Limited, buy the company report.
Financials of Splenor Starch Limited
FY 2025 filings availableSplenor Starch Limited reported revenue of ₹25.55 Cr (down 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year. EBITDA fell 53% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
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| EBITDA | ₹2.41 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | ₹96.32 Lakh | ||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
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| Profitability | |||
| EBITDA Margin | 9.4% | ||
| Net Profit Margin | 3.8% | ||
| Return on Equity (ROE) | |||
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| Return on Assets (ROA) | |||
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To see the full financial statements and ratios of Splenor Starch Limited, buy the company report.
Board of directors and KMP of Splenor Starch Limited
Splenor Starch Limited currently reports 6 directors and 1 key managerial person. 1 former director has served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sweta Mayurbhai Raiyani Also directs: Amylum Products LLP, Aptech Enterprise Private Limited | Director | 09 Jan 2023 | 3 Years 9 Months | Current |
| Niraj Dwarkadas Adatia Also directs: Ndaa & Associates LLP | Director | 29 May 2023 | 3 Years 5 Months | Current |
| Hardik Nathalal Dhoriyani Also directs: Splenor Carbon Private Limited | Ceo | 01 May 2023 | 3 Years 5 Months | Current |
| Mitesh Jitendra Shah Also directs: Nakshatra Asset Ventures Limited | Director | 29 May 2023 | 3 Years 5 Months | Current |
| Bhargav Maganbhai Parsana | Director | 29 May 2023 | 3 Years 5 Months | Current |
| Ghanshyam Tarshibhai Kasundra | Director | 09 Jan 2023 | 3 Years 9 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Mar 2024 | 100901361 | Hdfc Bank Limited | ₹6.85 Cr | Open | |
| 07 Aug 2023 | 100765430 | Hdfc Bank Limited | ₹21.5 Lakh | Open |
To see the full charge records of Splenor Starch Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Splenor Starch 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
No delayed payments to MSME suppliers are on our record for Splenor Starch Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Splenor Starch has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24ABKCS1554K1Z4 | Gujarat | Active | 02 Feb 2023 |
To see the full GST registrations and return filing status of Splenor Starch Limited, buy the company report.
Recent activity
Splenor Starch Limited has 8 board changes on record since 2023: 7 appointments and 1 cessation. The latest: Bhargav Maganbhai Parsana was appointed as Director on 29 May 2023.
2 earlier events are in the company report.
Frequently asked questions
Splenor Starch is an active public limited company based in Morbi, Gujarat, India. The company works in staple foods and grains, within the food and beverages industry. It was incorporated on 09 January 2023 (3+ years old) and is registered under CIN U24299GJ2023PLC138259.
Splenor Starch has 7 current directors and KMP:
- Mayurbhai Sureshbhai Raiyani - Managing Director
- Sweta Mayurbhai Raiyani - Director
- Niraj Dwarkadas Adatia - Director
- Mitesh Jitendra Shah - Director
- Bhargav Maganbhai Parsana - Director
- Ghanshyam Tarshibhai Kasundra - Director
- Hardik Nathalal Dhoriyani - Ceo
The latest financial statements of Splenor Starch 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 2023 are in the company report.
The GSTIN of Splenor Starch is 24ABKCS1554K1Z4, registered in Gujarat.
The CIN (Corporate Identification Number) of Splenor Starch is U24299GJ2023PLC138259. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Splenor Starch was incorporated on 09 January 2023, making it 3+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Bhargav Maganbhai Parsana was appointed as Director on 29 May 2023. Mitesh Jitendra Shah was appointed as Director on 29 May 2023. Niraj Dwarkadas Adatia was appointed as Director on 29 May 2023. Splenor Starch has 8 board changes on record in total.
Splenor Starch can be reached through the website splenorstarch.in. Its registered office is in Morbi, Gujarat, India.
The registered office of Splenor Starch is at Survey No. 10751P2 Village Tithva Taluka Wankaner, Morbi, Gujarat, India – 363621.
Splenor Starch operates in the food and beverages industry, in the staple foods and grains segment.