About SPML Infra Limited
Data last updated:
SPML Infra Limited is a public limited company based in Kolkata, West Bengal, India. It operates in the water treatment segment of the environmental services sector. It was incorporated on 27 August 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN L40106WB1981PLC276372. Its GSTIN is 19AADCS2469K1ZW (West Bengal). The company holds 27 GST registrations, of which 18 are active. Its shares are listed on BSE: 500402 and NSE: SPMLINFRA.
The company has an authorised share capital of ₹115 Cr and a paid-up capital of ₹16.83 Cr. It was formerly known as Subhash Projects and Marketing Private Limited and Subhash Projects and Marketing Limited. It is led by directors including Abhinandan Sethi (Managing Director) and Manoj Kumar Digga (Whole-Time Director).
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 22 Camac Street Block – A 3rd Floor, Kolkata West Bengal India, West Bengal, India – 700016.
As per the financials filed for FY 2025, the company reported a revenue of ₹824.09 Cr, a decline of 39% compared to the previous year. For the same year it recorded a net profit of ₹47.93 Cr (net margin 5.8%) and EBITDA of ₹96.17 Cr (EBITDA margin 11.7%). Revenue has declined at a compounded annual rate (CAGR) of 6% over three years and 15% over five years.
The company has about 215 employees on its provident fund (EPFO) records. Its group structure includes 9 subsidiaries and 5 joint ventures.
The company is associated with 1 brand: SPML Infra Ltd. As per MCA filings, the company has open charges of ₹6,041.49 Cr and satisfied charges of ₹4,330.43 Cr on record. Court records list 1,059 cases involving the company, including 650 filed by the company and 367 filed against it; 252 cases are pending. The company has 60 deals on record (54 market trades, 6 funding rounds), with disclosed funding of ₹290.86 Cr; the latest was in March 2026. Its 10 peer companies in the Infrastructure industry (Engineering Procurement and Construction, Infrastructure Services) are compared by revenue, 5 larger and 5 smaller; the largest is Apollo Green Energy Limited. The company has 13 MSME Form 1 returns on record between 2019 and 2024, listing 709 overdue payments to 144 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spml.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address22 Camac Street Block – A 3rd Floor, Kolkata West Bengal India, West Bengal, India – 700016
- IndustryEnvironment, Water Treatment
- 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
- One PDF report, delivered after checkout
Business Activity of SPML Infra Limited
The main business activities of SPML Infra are water supply, sewerage and waste management and construction. In detail, this covers waste collection, treatment and disposal activities, materials recovery and other waste management services and demolition & site preparation, electrical, plumbing & other specialized construction activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| E | Water supply, sewerage and waste management | E3 | Waste collection, treatment and disposal activities, materials recovery and Other waste management services | Locked |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of SPML Infra Limited FY 2025 filings available
SPML Infra Limited reported revenue of ₹824.09 Cr (down 39% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of SPML Infra Limited
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 39% fall in the latest year. EBITDA rose 65% 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 of SPML Infra Limited
| 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 | ₹96.17 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹47.93 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 of SPML Infra Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of SPML Infra are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of SPML Infra Limited
SPML Infra Limited is compared with the companies closest to it by revenue in the Infrastructure industry (Engineering Procurement and Construction, Infrastructure Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Apollo Green Energy Limited | •••• | •••• | •••• | •••• | 176 | New Delhi, Delhi, India |
| Bhilai Engineering Corporation Limited | •••• | •••• | •••• | •••• | - | Durg, Chattisgarh, India |
| SM Corporation Limited | •••• | •••• | •••• | •••• | - | Guwahati, Assam, India |
| Nesco Limited Listed | •••• | •••• | •••• | •••• | 326 | Mumbai, Maharashtra, India |
| Ajwani Infrastructure Private Limited | •••• | •••• | •••• | •••• | 459 | Pune, Maharashtra, India |
| SPML Infra Limited this company | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Devbhumi Realtors Private Limited | •••• | •••• | •••• | •••• | 25 | Kolkata, West Bengal, India |
| Vedu Infrastructure Private Limited | •••• | •••• | •••• | •••• | 2,616 | Delhi, India |
| Riverview City Constructions Limited | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Khilari Infrastructure Private Limited | •••• | •••• | •••• | •••• | 143 | Mumbai, Maharashtra, India |
| BTL Epc Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below SPML Infra by revenue in the Infrastructure industry (Engineering Procurement and Construction, Infrastructure Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of SPML Infra Limited
SPML Infra Limited is audited by Maheshwari & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Maheshwari & Associates | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of SPML Infra Limited
SPML Infra has 10 current directors and 35 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhinandan Sethi | Managing Director | 03 Sep 2025 | 1 Years 1 Months | Current |
| Tharuvai Venugopal Rangaswami Also directs: Epic Green Urja Private Limited, Epic Concesiones 2 Private Limited, Epic Transnet Infrastructure Private Limited and 2 more | Nominee Director | 24 Oct 2024 | 1 Years 11 Months | Current |
| Srivatsan Sivashankar Tiruvidaimarudhur Also directs: Indchemie Health Specialities Private Limited | Director | 08 Jun 2021 | 5 Years 3 Months | Current |
| Rajeev Kumar Jain Also directs: Transrail Lighting Limited | Director | 03 Sep 2025 | 1 Years 1 Months | Current |
| Arundhuti Dhar | Director | 13 Feb 2023 | 3 Years 7 Months | Current |
| Mahendra Pal Singh | Director | 21 Sep 2024 | 2 Years 0 Months | Current |
Ownership and Shareholding of SPML Infra Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of SPML Infra Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jul 2025 | Indian Overseas Bank | ₹505 Cr | Open |
| 17 May 2024 | Sbicap Trustee Company Limited | ₹601.08 Cr | Open |
| 21 Mar 2018 | Sbicap Trustee Company Limited | ₹56.8 Cr | Open |
| 21 Mar 2018 | Sbicap Trustee Company Limited | ₹2,604.52 Cr | Open |
| 21 Mar 2018 | Sbicap Trustee Company Limited | ₹31.67 Cr | Open |
Total charge records: 60 View all charges
Deals & Funding of SPML Infra Limited
SPML Infra Limited has 60 deals on record (54 market trades, 6 funding rounds), with disclosed funding of ₹290.86 Cr; the latest was in March 2026.
Deals on record (5 of 60)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2026 | Market trade | ₹9.73 Cr | Buyer: Hrti Private Limited Seller: Hrti Private Limited |
| Mar 2026 | Market trade | ₹38.59 Cr | Buyer: NK Securities Research Private Limited , Junomoneta Finsol Private Limited , an individual Seller: NK Securities Research Private Limited , Junomoneta Finsol Private Limited , an individual |
| Mar 2026 | Market trade | ₹86.87 Cr | Buyer: NK Securities Research Private Limited , Silverleaf Capital Services Private Limited , Junomoneta Finsol Private Limited , an individual Seller: NK Securities Research Private Limited , Silverleaf Capital Services Private Limited , Junomoneta Finsol Private Limited , an individual |
| Jan 2026 | Market trade | ₹25.02 Cr | Buyer: Kedia Securities Pvt Ltd Seller: SPML Industries Limited |
| Jan 2026 | Market trade | ₹8.71 Cr | Buyer: NK Securities Research Private Limited Seller: NK Securities Research Private Limited |
Full deal history
All 60 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of SPML Infra Limited
SPML Infra Limited has 1,059 court cases on record: 650 filed by SPML Infra, 367 filed against it, 42 where it is another party. 252 cases are pending and 807 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 651 | 171 | 138 |
| District courts | 369 | 175 | 94 |
| NCLAT | 20 | 9 | 14 |
| Supreme Court | 19 | 12 | 6 |
Cases on record (5 of 1,059)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Allahabad High Court | Court case (ARPLD) | Filed against the company by U. P. Power Corporation Limited | Pending |
| High Court of Karnataka | Arbitration matter | Filed against the company by Karnataka Neeravari Nigam Limited | Pending |
| High Court of Delhi | Court case (O.M.P. (COMM)) | Filed against the company by Power Grid Corporation of India Limited | Pending |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed by the company against Navkar Urbanstructure Limited | Pending |
| Calcutta High Court | Court case (AP-COM) | Filed by the company against East India Udyog Ltd | Pending |
Full case history
All 1,059 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by SPML Infra Limited
SPML Infra Limited has 13 MSME Form 1 returns on record between 2019 and 2024, listing 709 overdue payments to 144 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 144)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Adinath Industries | •••• | •••• | •••• |
| Imp Engineering and Power Private Limited | •••• | •••• | •••• |
| Maheshwari and Associates | •••• | •••• | •••• |
| Big Pestagone Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 13 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with SPML Infra Limited
SPML Infra operates one associated brand: SPML Infra Ltd. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Infrastructure development and engineering services are provided in India. | spml.co.in |
Employees and EPFO Compliance at SPML Infra Limited
SPML Infra Limited has a workforce of 215 employees as of Mar 27, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Group Structure of SPML Infra Limited
SPML Infra has 9 subsidiary companies, 5 joint ventures, and 6 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Bhagalpur Electricity Distribution Company Private Limited | U40300WB2013PTC193917 | Locked |
| Spml Infrastructure Limited | U45201KA2007PLC043613 | Locked |
| Pondicherry Special Economic Zone Company Limited | U45209KA2006PLC160225 | Locked |
| Sanmati Infradevelopers Private Limited | U55103KA2006PTC040751 | Locked |
| Madurai Municipal Waste Processing Company Private Limited | U74999KA2008PTC169800 | Locked |
| Spml Utilities Limited | U90000KA2008PLC046115 | Locked |
Showing major subsidiaries. Total: 9.
Name History of SPML Infra Limited
SPML Infra has undergone 2 name changes throughout its history. The company was previously known as Subhash Projects And Marketing Private Limited, and Subhash Projects And Marketing Limited. The current legal name is Spml Infra Limited.
| Company Name | Status |
|---|---|
| SPML Infra Limited | Current |
| Subhash Projects And Marketing Private Limited | Previous |
| Subhash Projects And Marketing Limited | Previous |
CIN History of SPML Infra Limited
SPML Infra has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L40106WB1981PLC276372, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L40106WB1981PLC276372 | Current |
| L99999DL1981PLC012228 | Previous |
| L40106DL1981PLC012228 | Previous |
News related to SPML Infra Limited
Recent Activity on SPML Infra Limited
SPML Infra Limited has 45 board changes on record since 1981: 10 appointments and 35 cessations. The latest: Abhinandan Sethi ceased to be Additional Director on 10 Oct 2025.
168 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for SPML Infra Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of SPML Infra Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of SPML Infra Limited
SPML Infra has 27 GST registrations: 18 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCS2469K1ZW | West Bengal | Active | 01 Jul 2017 |
| 19AADCS2469K2ZV | West Bengal | Active | 31 Aug 2017 |
| 06AADCS2469K2Z2 | Haryana | Active | 01 Jul 2017 |
| 07AADCS2469K1Z1 | Delhi | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of SPML Infra Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about SPML Infra Limited
SPML Infra is an active public limited company based in Kolkata, West Bengal, India. The company works in water treatment, within the environment industry. It was incorporated on 27 August 1981 (45+ years old) and is registered under CIN L40106WB1981PLC276372. Listed on BSE: 500402 and NSE: SPMLINFRA.
SPML Infra reported revenue of ₹824.09 Cr for FY 2025 (down 39% YoY).
SPML Infra has 10 current directors:
- Abhinandan Sethi - Managing Director
- Manoj Kumar Digga - Whole-Time Director
- Tharuvai Venugopal Rangaswami - Nominee Director
- Srivatsan Sivashankar Tiruvidaimarudhur - Director
- Rajeev Kumar Jain - Director
- Arundhuti Dhar - Director
- Mahendra Pal Singh - Director
- Subhash Chand Sethi - Director
- Sushil Kumar Sethi - Director
- Neeta Karmakar - Director
SPML Infra reported a net profit of ₹47.93 Cr (net margin 5.8%) and EBITDA of ₹96.17 Cr (EBITDA margin 11.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of SPML Infra is -6% over three years and -15% over five years. In the latest year (FY 2025) revenue fell 39%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of SPML Infra is 19AADCS2469K1ZW, registered in West Bengal. The company has 27 GST registrations in all, of which 18 are active and 9 are cancelled or inactive. Other active GSTINs include 19AADCS2469K2ZV (West Bengal), 06AADCS2469K2Z2 (Haryana), 07AADCS2469K1Z1 (Delhi).
The CIN (Corporate Identification Number) of SPML Infra is L40106WB1981PLC276372. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. SPML Infra is listed on both BSE (code: 500402) and NSE (symbol: SPMLINFRA).
SPML Infra has 1,059 court cases on record: 650 filed by the company and 367 filed against it. 252 are pending. Most are in the high courts.
SPML Infra was incorporated on 27 August 1981, making it 45+ years old. It is registered with the Registrar of Companies, Kolkata.
SPML Infra has 60 deals on record (54 market trades, 6 funding rounds), with disclosed funding of ₹290.86 Cr; the latest was in March 2026.
The peers of SPML Infra by revenue are Apollo Green Energy Limited, Bhilai Engineering Corporation Limited, SM Corporation Limited, Nesco Limited, Ajwani Infrastructure Private Limited and 5 more, all in the Infrastructure industry (Engineering Procurement and Construction, Infrastructure Services).