MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0017249
Spraying Systems (India) Private Limited - machinery and equipment in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹70.59 Cr
▲ 13% YoY
Net profit · FY 2025
₹8.82 Cr
Net margin 12.5%
EBITDA · FY 2025
₹11 Cr
EBITDA margin 15.6%
Authorised capital
₹40 Cr
Registered with MCA
Paid-up capital
₹31.17 Cr
Issued & subscribed
Satisfied charges
₹3 Cr
No open charges
Company age
27 yrs
Est. 1999
Employees · EPFO
99
Provident fund records
About Spraying Systems (India) Private Limited
Data last updated:
Spraying Systems (India) Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Spraying Systems Co, Usa. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 01 June 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29120KA1999PTC036505. Its GSTIN is 29AADCS8656E1ZZ (Karnataka). The company holds 5 GST registrations, all of them active.
The company has an authorised share capital of ₹40 Cr and a paid-up capital of ₹31.17 Cr. It is led by directors including Lee Jin Khin and Martin Hynes Francis.
Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Plot No.303 & 304 2nd Cross 5th Main IV Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2025, the company reported a revenue of ₹70.59 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹8.82 Cr (net margin 12.5%) and EBITDA of ₹11 Cr (EBITDA margin 15.6%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 13% over five years.
The company has about 99 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: On Target spray and Spraying Systems Co.. As per MCA filings, the company has satisfied charges of ₹3 Cr on record.
Spraying Systems (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0017249). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spray.com.
Company details
CIN U29120KA1999PTC036505
Registration Number 036505
Incorporation Date 01 June 1999
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Spraying Systems Co, Usa
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0017249
Recognitions & Rankings of Spraying Systems (India)
Contact details
Spraying Systems (India) Private Limited's registered office is in Bangalore, Karnataka. Its website is spray.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No.303 & 304 2nd Cross 5th Main IV Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Spraying Systems (India) Private Limited, buy the company report.
Comprehensive company report
Spraying Systems (India) Private 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Spraying Systems (India) operates two associated brands: On Target spray and Spraying Systems Co.. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures electrostatic sprayers for agriculture to reduce water, labor, and fuel use. | ontargetspray.com | |
| Spraying Systems Co. is recognized for expertise in spray technology. | spray.com |
Business activity
The main business activity of Spraying Systems (India) is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Spraying Systems (India) Private Limited, buy the company report.
Financials of Spraying Systems (India) Private Limited
FY 2025 filings availableSpraying Systems (India) Private Limited reported revenue of ₹70.59 Cr (up 13% YoY) for FY 2025.
Revenue · FY 2025
₹70.59 Cr ▲ 13%
Net profit · FY 2025
₹8.82 Cr margin 12.5%
EBITDA · FY 2025
₹11 Cr margin 15.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 19%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 15%
3 years · compounded
▲ 22%
5 years · compounded
▲ 121%
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 13% growth in the latest year. EBITDA rose 15% 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 | ₹11 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.82 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 | 15.6% | ||||
| Net Profit Margin | 12.5% | ||||
| 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 Spraying Systems (India) Private Limited, buy the company report.
Board of directors of Spraying Systems (India) Private Limited
Spraying Systems (India) has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lee Jin Khin Also directs: Teejet Technologies (India) Private Limited | Director | 18 Jul 2016 | 10 Years 3 Months | Current |
| Martin Hynes Francis Also directs: Teejet Technologies (India) Private Limited | Director | 23 Aug 2016 | 10 Years 1 Months | Current |
| Sharangouda Patil Also directs: Teejet Technologies (India) Private Limited | Director | 23 Aug 2016 | 10 Years 1 Months | Current |
Peer comparison
Spraying Systems (India) Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sapphire ( India ) Private Limited | ₹71.1 Cr (FY 2025) | 24.0% | New Delhi, Delhi, India | |||
| Shree Nakoda Infrasteel Private Limited | ₹70.7 Cr (FY 2024) | 7.0% | Bhilwara, Rajasthan, India | |||
| Spraying Systems (India) Private Limitedthis company | ₹70.59 Cr (FY 2025) | ₹8.82 Cr | 12.5% | 13.0% | 99 | Bangalore, Karnataka, India |
| Bioaspire Process Solutions Private Limited | ₹70.15 Cr (FY 2025) | 16.0% | Nashik, Maharashtra, India |
To see the full peer comparison of Spraying Systems (India) Private Limited, buy the company report.
Auditor
Spraying Systems (India) Private Limited is audited by Choksey Bhargava & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Choksey Bhargava & Co LLP | FY 2023 | 000059N/N500010 |
Shareholding
The shareholding of Spraying Systems (India) 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 Spraying Systems (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jan 2007 | 10038211 | H D F C Bank Limited | ₹3 Cr | Satisfied |
To see the full charge records of Spraying Systems (India) Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Spraying Systems (India) Private 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
Spraying Systems (India) Private Limited has 6 MSME Form 1 returns on record between 2016 and 2022, listing 67 overdue payments to 21 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 21)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Fabritech Engineering | |||
| an individual supplier | |||
| Ardh Metals and Alloys Private Limited | |||
| Sulochana Enterprises | |||
| Flexo Tech Products |
To see the full MSME payment records of Spraying Systems (India) Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Spraying Systems (India) Private Limited has a workforce of 99 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
Employee count
99
Active EPFO establishments
1
Employee growth
5.32%
GST
Spraying Systems (India) has 5 GST registrations: 5 active. The first 4 active GSTINs are listed below.
Total GSTINs
5
Active
5
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCS8656E1ZZ | Karnataka | Active | 01 Jul 2017 |
| 27AADCS8656E1Z3 | Maharashtra | Active | 27 Feb 2019 |
| 33AADCS8656E1ZA | Tamil Nadu | Active | 28 Feb 2019 |
| 07AADCS8656E1Z5 | Delhi | Active | 19 Mar 2019 |
To see the full GST registrations and return filing status of Spraying Systems (India) Private Limited, buy the company report.
Recent activity
Spraying Systems (India) Private Limited has 11 board changes on record since 1999: 7 appointments and 4 cessations. The latest: Hemu Joshi ceased to be Director on 30 Aug 2018.
AGM
Spraying Systems (India) Private Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Filing
Spraying Systems (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Hemu Joshi ceased to be Director.
Ceased
James Erik Bramsen ceased to be Director.
Ceased
Ted Lee Butterfield ceased to be Director.
Appointed
Martin Hynes Francis was appointed as Director.
Appointed
Sharangouda Patil was appointed as Director.
Appointed
Lee Jin Khin was appointed as Director.
Ceased
Shridhar Bhat ceased to be Managing Director.
Appointed
Hemu Joshi was appointed as Director.
Charges
A charge registered on 08 Jan 2007 via Charge ID 10038211 with H D F C Bank Limited was fully satisfied on 24 Feb 2009.
Charges
A charge with H D F C Bank Limited of Rs. 3.00 Cr registered on 08 Jan 2007 with Charge ID 10038211 was modified on 26 Oct 2007.
5 earlier events are in the company report.
Frequently asked questions
Spraying Systems (India) is an active private limited company based in Bangalore, Karnataka, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 01 June 1999 (27+ years old) and is registered under CIN U29120KA1999PTC036505.
Spraying Systems (India) has 3 current directors:
- Lee Jin Khin - Director
- Martin Hynes Francis - Director
- Sharangouda Patil - Director
The latest financial statements of Spraying Systems (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Spraying Systems (India) is 29AADCS8656E1ZZ, registered in Karnataka. The company has 5 GST registrations in all, of which 5 are active. Other active GSTINs include 27AADCS8656E1Z3 (Maharashtra), 33AADCS8656E1ZA (Tamil Nadu), 07AADCS8656E1Z5 (Delhi).
The CIN (Corporate Identification Number) of Spraying Systems (India) is U29120KA1999PTC036505. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spraying Systems (India) was incorporated on 01 June 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Spraying Systems (India) by revenue are Sapphire ( India ) Private Limited, Shree Nakoda Infrasteel Private Limited, Bioaspire Process Solutions Private Limited, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (metal and metal products).
Hemu Joshi ceased to be Director on 30 Aug 2018. James Erik Bramsen ceased to be Director on 15 Sep 2017. Ted Lee Butterfield ceased to be Director on 15 Sep 2017. Spraying Systems (India) has 11 board changes on record in total.
Yes, Spraying Systems (India) is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0017249).
Spraying Systems (India) has 6 MSME Form 1 returns on record between 2016 and 2022, listing 67 overdue payments to 21 micro and small suppliers. The latest return was filed on 02 Mar 2023.
Spraying Systems (India) can be reached through the website spray.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Spraying Systems (India) is at Plot No.303 & 304 2nd Cross 5th Main IV Phase Peenya Industrial Area, Bangalore, Karnataka, India – 560058.