About Spraytech Systems (India) Private Limited
Data last updated:
Spraytech Systems (India) Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 02 August 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29219MH2006PTC163469. Its GSTIN is 27AAKCS8770L1ZI (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Lakh. It is led by directors including Rushikesh Bapu Kharade and Sushila Bapu Kharade.
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 Plot No. R 513 T.T.C. MIDC Industrial Area Rabale & Tetavali, Navi Mumbai, Maharashtra, India – 400701.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.7 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹1.42 Cr (net margin 4.6%) and EBITDA of ₹5.16 Cr (EBITDA margin 16.8%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 9% over five years.
The company has about 92 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹12.22 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spraynozzlesindia.net.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No. R 513 T.T.C. MIDC Industrial Area Rabale & Tetavali, Navi Mumbai, Maharashtra, India – 400701
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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 Spraytech Systems (India) Private Limited
The main business activity of Spraytech Systems (India) is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | 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 Spraytech Systems (India) Private Limited FY 2025 filings available
Spraytech Systems (India) Private Limited reported revenue of ₹30.7 Cr (up 12% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Spraytech Systems (India) Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 9% over five years, including 12% growth in the latest year. EBITDA rose 19% 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 Spraytech Systems (India) Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹5.16 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.42 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 Spraytech Systems (India) Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.6% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Spraytech Systems (India) 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 Spraytech Systems (India) Private Limited
Spraytech Systems (India) Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| MCT Brattberg India Private Limited | •••• | •••• | •••• | •••• | 17 | New Delhi, Delhi, India |
| Gartels Werke Limited | •••• | •••• | •••• | •••• | 79 | Mumbai, Maharashtra, India |
| KP Abrasives Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Cryostar Tanks and Vessels Private Limited | •••• | •••• | •••• | •••• | 26 | Delhi, India |
| Ipharrm Process Technologies Private Limited | •••• | •••• | •••• | •••• | 36 | Hyderabad, Telangana, India |
| Spraytech Systems (India) Private Limited this company | •••• | •••• | •••• | •••• | - | Navi Mumbai, Maharashtra, India |
| Cleanflow Cooling Tower Solutions Private Limited | •••• | •••• | •••• | •••• | 69 | Goregaon East, Maharashtra, India |
| Flexi Efficads Private Limited | •••• | •••• | •••• | •••• | 44 | Bangalore, Karnataka, India |
| Sonak Surface Technologies Private Limited | •••• | •••• | •••• | •••• | 18 | Navi Mumbai, Maharashtra, India |
| Sideridraulic India Private Limited | •••• | •••• | •••• | •••• | - | Navi Mumbai, Maharashtra, India |
| Holm-Kk Extrusion Pvt Ltd | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Spraytech Systems (India) by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), 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 Spraytech Systems (India) Private Limited
Spraytech Systems (India) Private Limited is audited by JATIN SETHI & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JATIN SETHI & CO | 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 Spraytech Systems (India) Private Limited
Spraytech Systems (India) has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rushikesh Bapu Kharade | Director | 09 Nov 2021 | 4 Years 10 Months | Current |
| Sushila Bapu Kharade Also directs: Spraytech Automation India Private Limited | Director | 02 Aug 2006 | 20 Years 2 Months | Current |
| Bapu Amruta Kharade Also directs: Spraytech Automation India Private Limited | Director | 02 Aug 2006 | 20 Years 2 Months | Current |
Ownership and Shareholding of Spraytech Systems (India) Private 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 Spraytech Systems (India) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Dec 2023 | Others | ₹1.5 Cr | Open |
| 06 Jan 2023 | Others | ₹1.83 Cr | Open |
| 30 Jun 2020 | Others | ₹92.5 Lakh | Open |
| 30 Nov 2012 | Bank of Maharashtra | ₹3.03 Cr | Open |
| 12 Jul 2010 | Others | ₹4.94 Cr | Open |
Total charge records: 5 View all charges
Legal Cases of Spraytech Systems (India) Private Limited
Spraytech Systems (India) Private Limited has 4 court cases on record: 2 filed by Spraytech Systems (India), 2 filed against it. 1 case is pending and 3 are disposed. Status as checked between 30 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed by the company against Solace Engineers (Marketing) Pvt Ltd | Disposed |
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln IDA) | Filed against the company by an individual | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed by the company against an individual | Disposed |
Full case history
All 4 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.
Employees and EPFO Compliance at Spraytech Systems (India) Private Limited
Spraytech Systems (India) Private Limited has a workforce of 92 employees as of Apr 02, 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.
Recent Activity on Spraytech Systems (India) Private Limited
Spraytech Systems (India) Private Limited has 4 board changes on record since 2006: 3 appointments and 1 cessation. The latest: Rushikesh Bapu Kharade ceased to be Additional Director on 21 Dec 2021.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Spraytech Systems (India) Private 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.
MSME Payment Delays by Spraytech Systems (India) Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Spraytech Systems (India) Private 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 Spraytech Systems (India) Private Limited
Spraytech Systems (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAKCS8770L1ZI | Maharashtra | 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 Spraytech Systems (India) Private 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 Spraytech Systems (India) Private Limited
Spraytech Systems (India) is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 02 August 2006 (20+ years old) and is registered under CIN U29219MH2006PTC163469.
Spraytech Systems (India) reported revenue of ₹30.7 Cr for FY 2024 (up 12% YoY).
Spraytech Systems (India) has 3 current directors:
- Rushikesh Bapu Kharade - Director
- Sushila Bapu Kharade - Director
- Bapu Amruta Kharade - Director
Spraytech Systems (India) reported a net profit of ₹1.42 Cr (net margin 4.6%) and EBITDA of ₹5.16 Cr (EBITDA margin 16.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Spraytech Systems (India) is 20% over three years and 9% over five years. In the latest year (FY 2024) revenue rose 12%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Spraytech Systems (India) is 27AAKCS8770L1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Spraytech Systems (India) is U29219MH2006PTC163469. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spraytech Systems (India) has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending.
Spraytech Systems (India) was incorporated on 02 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Spraytech Systems (India) by revenue are MCT Brattberg India Private Limited, Gartels Werke Limited, KP Abrasives Private Limited, Cryostar Tanks and Vessels Private Limited, Ipharrm Process Technologies Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers).
Rushikesh Bapu Kharade ceased to be Additional Director on 21 Dec 2021. Rushikesh Bapu Kharade was appointed as Director on 09 Nov 2021. Bapu Amruta Kharade was appointed as Director on 02 Aug 2006. Spraytech Systems (India) has 4 board changes on record in total.