MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-HP-11-0000273
Spray Engineering Devices Limited - machinery and equipment in Chandigarh, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹461.83 Cr
▼ 16% YoY
Net profit · FY 2025
₹15.02 Cr
Net margin 3.3%
EBITDA · FY 2025
₹39.62 Cr
EBITDA margin 8.6%
Authorised capital
₹40 Cr
Registered with MCA
Paid-up capital
₹25.1 Cr
Issued & subscribed
Open charges
₹235.39 Cr
Satisfied ₹227.19 Cr
Company age
22 yrs
Est. 2004
Employees · EPFO
540
Provident fund records
About Spray Engineering Devices Limited
Data last updated:
Spray Engineering Devices Limited is a public limited company based in Chandigarh, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 08 November 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U00000CH2004PLC027625. Its GSTIN is 02AAICS5252M1Z7 (Himachal Pradesh). The company holds 10 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹25.1 Cr. It is led by directors including Vivek Verma (Managing Director) and Niveta Rampaul Sharma.
Its last annual general meeting (AGM) was held on 05 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at S.C.O No. 107 2nd Floor, Sector 47 – C, Chandigarh, India – 160047.
As per the financials filed for FY 2025, the company reported a revenue of ₹461.83 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹15.02 Cr (net margin 3.3%) and EBITDA of ₹39.62 Cr (EBITDA margin 8.6%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 44% over five years.
The company has about 540 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Spray Engineering. As per MCA filings, the company has open charges of ₹235.39 Cr and satisfied charges of ₹227.19 Cr on record. Court records list 92 cases involving the company, including 40 filed by the company and 52 filed against it; 24 cases are pending. The company has 15 deals on record (14 secondary share transfers, 1 funding round), with disclosed funding of ₹33.54 Cr; the latest was in March 2022. The company has 12 MSME Form 1 returns on record between 2019 and 2023, listing 625 overdue payments to 29 micro and small suppliers.
Spray Engineering Devices Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-HP-11-0000273). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sprayengineering.com.
Company details
CIN U00000CH2004PLC027625
Registration Number 027625
Incorporation Date 08 November 2004
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 05 November 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-HP-11-0000273
Key People
Vivek Verma Managing Director Shridhar Venkatesh Nominee Director Niveta Rampaul Sharma Director Recognitions & Rankings of Spray Engineering Devices
Contact details
Spray Engineering Devices Limited's registered office is in Chandigarh, Chandigarh. Its website is sprayengineering.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressS.C.O No. 107 2nd Floor, Sector 47 – C, Chandigarh, India – 160047
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Spray Engineering Devices Limited, buy the company report.
Comprehensive company report
Spray Engineering Devices 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
Spray Engineering Devices operates one associated brand: Spray Engineering. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Energy-efficient equipment is engineered for sugar and water industries. | sprayengineering.com |
Business activity
The main business activity of Spray Engineering Devices is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis activities |
To see the full business activity and turnover split of Spray Engineering Devices Limited, buy the company report.
Financials of Spray Engineering Devices Limited
FY 2025 filings availableSpray Engineering Devices Limited reported revenue of ₹461.83 Cr (down 16% YoY) for FY 2025.
Revenue · FY 2025
₹461.83 Cr ▼ 16%
Net profit · FY 2025
₹15.02 Cr margin 3.3%
EBITDA · FY 2025
₹39.62 Cr margin 8.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 29%
5 years · compounded
▲ 44%
EBITDA CAGR growth
1 year
▼ 55%
3 years · compounded
▲ 22%
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 44%. EBITDA fell 55% 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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| Total Expenses | |||||
| EBITDA | ₹39.62 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.02 Cr | ||||
| Balance Sheet | |||||
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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 | 8.6% | ||||
| Net Profit Margin | 3.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Spray Engineering Devices Limited, buy the company report.
Board of directors of Spray Engineering Devices Limited
Spray Engineering Devices has 4 current directors and 25 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Verma Also directs: Agro Serve Solutions Private Limited, Modline Constructions Private Limited, Sed Engineers and Fabricators Pvt Ltd and 1 more | Managing Director | 06 Dec 2004 | 21 Years 10 Months | Current |
| Shridhar Venkatesh | Nominee Director | 26 Apr 2017 | 9 Years 5 Months | Current |
| Niveta Rampaul Sharma Also directs: Samrat Forgings Limited, Devine Impex Limited, Pagro Frozen Foods Private Limited and 4 more | Director | 06 May 2024 | 2 Years 5 Months | Current |
| Arshdeep Kaur Also directs: Leeford Healthcare Limited, Syschem (India) Limited, Indo Farm Equipment Limited and 1 more | Director | 06 May 2024 | 2 Years 5 Months | Current |
Auditor
Spray Engineering Devices Limited is audited by ASHWANI K. GUPTA & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ASHWANI K. GUPTA & ASSOCIATES | FY 2024 | 003803N |
Shareholding
The shareholding of Spray Engineering Devices Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Spray Engineering Devices Limited, buy the company report.
Charges & borrowings
Open charges
₹235.39 Cr
Satisfied charges
₹227.19 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 May 2026 | 101300540 | Others | ₹40 Cr | Open | |
| 07 May 2026 | 101299772 | Canara Bank | ₹20.54 Lakh | Open | |
| 26 Jul 2024 | 100957942 | Hdfc Bank Limited | ₹58.99 Lakh | Open | |
| 22 Apr 2024 | 100912312 | Canara Bank | ₹23 Lakh | Open | |
| 22 Apr 2024 | 100912319 | Canara Bank | ₹23 Lakh | Open |
To see the full charge records of Spray Engineering Devices Limited, buy the company report.
Total charge records: 41 View all charges
Deals & funding
Spray Engineering Devices Limited has 15 deals on record (14 secondary share transfers, 1 funding round), with disclosed funding of ₹33.54 Cr; the latest was in March 2022.
Total deals
15
Secondary share transfers
14
Funding round
1
Disclosed funding
₹33.54 Cr
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Jun 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: New Vernon Private Equity Limited |
| Aug 2018 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Sedl Trust |
To see the full deal history of Spray Engineering Devices 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
Spray Engineering Devices Limited has 92 court cases on record: 40 filed by Spray Engineering Devices, 52 filed against it. 24 cases are pending and 68 are disposed.
Total cases
92
Filed by the company
40
Filed against the company
52
Pending
24
Disposed
68
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 50 | 25 | 15 |
| District courts | 36 | 24 | 8 |
| NCLT | 5 | 2 | 0 |
| NCLAT | 1 | 1 | 1 |
Cases on record (5 of 92)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Arbitration matter | Filed against the company by Ipro Sugar Engineering Private Limited | Pending |
| District court, Valsad, Gujarat | Commercial matter | Filed against the company by Vapi Green Enviro Ltd Through Jatin Vamranrai.Maheta | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed against the company by Global Transportation Services Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Commercial matter | Filed by the company against Koye Pharmaceuticals Private Limited and 1 other | Pending |
| High Court of Punjab and Haryana | Revision petition | Filed by the company against M/S DCM Shriram Limited and Others and 1 other | Pending |
To see the full case history of Spray Engineering Devices 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
Spray Engineering Devices Limited was last rated by Icra on 07 Jul 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 07 Jul 2021 |
To see the full credit ratings and regulatory alerts of Spray Engineering Devices Limited, buy the company report.
MSME payment delays
Spray Engineering Devices Limited has 12 MSME Form 1 returns on record between 2019 and 2023, listing 625 overdue payments to 29 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 29)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Sintech Precision Products Limited | |||
| Rajshree Enterprises | |||
| an individual supplier | |||
| Navketan Fasteners Pvt Ltd | |||
| Thorat Valves Private Limited |
To see the full MSME payment records of Spray Engineering Devices Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Spray Engineering Devices has 2 subsidiary companies and 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
2
Subsidiary companies
1
Associated companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Sed Engineers and Fabricators Pvt Ltd | U45202CH2006PTC029652 | |
| Sustainable Environment Developers Limited | U74990CH2008PLC031137 |
To see the full group structure of Spray Engineering Devices Limited, buy the company report.
Employees & EPFO
Spray Engineering Devices Limited has a workforce of 540 employees on its EPFO records as of Jan 31, 2025, across 1 active EPFO establishment.
Employee count
540
Active EPFO establishments
1
Employee growth
6.09%
GST
Spray Engineering Devices has 10 GST registrations: 5 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
10
Active
5
Cancelled / inactive
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 02AAICS5252M1Z7 | Himachal Pradesh | Active | 01 Jul 2017 |
| 03AAICS5252M1Z5 | Punjab | Active | 01 Jul 2017 |
| 27AAICS5252M1ZV | Maharashtra | Active | 01 Jul 2017 |
| 29AAICS5252M1ZR | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spray Engineering Devices Limited, buy the company report.
Recent activity
Spray Engineering Devices Limited has 25 board changes on record since 2004: 4 appointments and 21 cessations. The latest: Vimarsh Verma ceased to be Additional Director on 04 Nov 2025.
Charges
A charge with Canara Bank of Rs. 166.72 Cr registered on 27 Jan 2005 with Charge ID 90183393 was modified on 01 Jun 2026.
Charges
A charge with Others amounted to Rs. 40.00 Cr with Charge ID 101300540 was registered on 25 May 2026.
Charges
A charge with Canara Bank amounted to Rs. 0.21 Cr with Charge ID 101299772 was registered on 07 May 2026.
AGM
Spray Engineering Devices Limited last Annual general meeting of members was held on 05 Nov 2025 as per latest MCA records.
Ceased
Vimarsh Verma ceased to be Additional Director.
Ceased
Prateek Verma ceased to be Whole-Time Director.
Ceased
Tara Chand Meenia ceased to be Director.
Filing
Spray Engineering Devices Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge registered on 06 May 2024 via Charge ID 100926995 with Others was fully satisfied on 28 Jan 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.59 Cr with Charge ID 100957942 was registered on 26 Jul 2024.
Charges
A charge registered on 19 Sep 2017 via Charge ID 100166020 with Others was fully satisfied on 17 Jul 2024.
Charges
A charge registered on 19 Sep 2017 via Charge ID 100178815 with Others was fully satisfied on 17 Jul 2024.
83 earlier events are in the company report.
News
Frequently asked questions
Spray Engineering Devices is an active public limited company based in Chandigarh, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 08 November 2004 (22+ years old) and is registered under CIN U00000CH2004PLC027625.
Spray Engineering Devices has 4 current directors:
- Vivek Verma - Managing Director
- Shridhar Venkatesh - Nominee Director
- Niveta Rampaul Sharma - Director
- Arshdeep Kaur - Director
The latest financial statements of Spray Engineering Devices on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 05 November 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Spray Engineering Devices is 02AAICS5252M1Z7, registered in Himachal Pradesh. The company has 10 GST registrations in all, of which 5 are active and 5 are cancelled or inactive. Other active GSTINs include 03AAICS5252M1Z5 (Punjab), 27AAICS5252M1ZV (Maharashtra), 29AAICS5252M1ZR (Karnataka).
The CIN (Corporate Identification Number) of Spray Engineering Devices is U00000CH2004PLC027625. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spray Engineering Devices has 92 court cases on record: 40 filed by the company and 52 filed against it. 24 are pending. Most are in the high courts.
Spray Engineering Devices was incorporated on 08 November 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chandigarh.
Spray Engineering Devices has 15 deals on record (14 secondary share transfers, 1 funding round), with disclosed funding of ₹33.54 Cr; the latest was in March 2022.
Vimarsh Verma ceased to be Additional Director on 04 Nov 2025. Prateek Verma ceased to be Whole-Time Director on 22 May 2025. Tara Chand Meenia ceased to be Director on 22 Apr 2025. Spray Engineering Devices has 25 board changes on record in total.
Yes, Spray Engineering Devices is registered as a medium enterprise under Udyam registration (number: UDYAM-HP-11-0000273).
Spray Engineering Devices has 12 MSME Form 1 returns on record between 2019 and 2023, listing 625 overdue payments to 29 micro and small suppliers. The latest return was filed on 29 Nov 2023.