Spring Merchandisers Private Limited

Spring Merchandisers Private Limited - metals and minerals in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U51900MH1995PTC086557 Incorporated 16 March 1995 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company metals and minerals MSME · Micro
Revenue · FY 2024
₹40.15 Lakh
▼ 45% YoY
Net loss · FY 2024
₹89.6 Lakh
Net margin -223.1%
EBITDA · FY 2024
-₹19.12 Lakh
EBITDA margin -47.6%
Authorised capital
₹2.6 Cr
Registered with MCA
Paid-up capital
₹2.31 Cr
Issued & subscribed
Open charges
₹13.75 Cr
Satisfied ₹1 Cr
Company age
31 yrs
Est. 1995
Directors on board
2
As per MCA filings

About Spring Merchandisers Private Limited

Data last updated:

Spring Merchandisers Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 16 March 1995 and has been in existence for over 31 years.

The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1995PTC086557. Its GSTIN is 26AAACS5240D1ZS (Dadra and Nagar Haveli and Daman and Diu). The company holds 5 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹2.6 Cr and a paid-up capital of ₹2.31 Cr. It is led by directors Ajay Kumar Garg and Lalu Shrichhathu Mandal.

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 417 Maker Chamber Vnariman Point, Mumbai, Maharashtra, India – 400021.

As per the financials filed for FY 2024, the company reported a revenue of ₹40.15 Lakh, a decline of 45% compared to the previous year. For the same year it recorded a net loss of ₹89.6 Lakh (net margin -223.1%) and EBITDA of -₹19.12 Lakh (EBITDA margin -47.6%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years.

As per MCA filings, the company has open charges of ₹13.75 Cr and satisfied charges of ₹1 Cr on record. Court records list 20 cases involving the company, including 4 filed by the company and 16 filed against it; 2 cases are pending.

Spring Merchandisers Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0131825). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website springmpl.com.

Company details

CIN U51900MH1995PTC086557
Registration Number 086557
Incorporation Date 16 March 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0131825
Key People
Lalu Shrichhathu Mandal Additional Director Ajay Kumar Garg Director

Recognitions & Rankings of Spring Merchandisers

MSME (Udyam registered) Ministry of MSME
Category
Micro (2024-25)
Udyam number
UDYAM-MH-19-0131825

Contact details

Spring Merchandisers Private Limited's registered office is in Mumbai, Maharashtra. Its website is springmpl.com. Its e-mail address is in the company report.

  • Email
  • Website
    springmpl.com
  • Registered Address
    417 Maker Chamber Vnariman Point, Mumbai, Maharashtra, India – 400021
  • Industry
    Metals and Minerals, Metal Manufacturing & Processing

To see the full contact details of Spring Merchandisers Private Limited, buy the company report.

Comprehensive company report
Spring Merchandisers 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
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Financials of Spring Merchandisers Private Limited

FY 2025 filings available

Spring Merchandisers Private Limited reported revenue of ₹40.15 Lakh (down 45% YoY) for FY 2024.

Revenue · FY 2024
₹40.15 Lakh ▼ 45%
Net loss · FY 2024
₹89.6 Lakh margin -223.1%
EBITDA · FY 2024
-₹19.12 Lakh margin -47.6%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 45%
3 years · compounded
▼ 24%
EBITDA CAGR growth
1 year
▼ 170%
3 years · compounded
▼ 44%
5 years · compounded
▼ 20%

Revenue has declined at a compounded annual rate (CAGR) of 24% over three years, including a 45% fall in the latest year. EBITDA fell 170% 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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 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-₹19.12 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹89.6 Lakh
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

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin-47.6%
Net Profit Margin-223.1%
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

To see the full financial statements and ratios of Spring Merchandisers Private Limited, buy the company report.

Board of directors of Spring Merchandisers Private Limited

Spring Merchandisers has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Lalu Shrichhathu MandalAdditional Director12 Jul 20215 Years 4 MonthsCurrent
Ajay Kumar Garg
Also directs: Nd Tuscan Realtors LLP, N D Metal Industries Limited, Matsun Casting Private Limited and 5 more
Director28 Sep 201313 Years 1 MonthsCurrent
View all directors

Peer comparison

Spring Merchandisers Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Ujwal Metals Private Limited₹41.06 Lakh (FY 2024)2.0%Mumbai, Maharashtra, India
Vision Granite Exports Private Limited₹40.98 Lakh (FY 2021)2848.0%Ongole, Andhra Pradesh, India
Spring Merchandisers Private Limitedthis company₹40.15 Lakh (FY 2024)-₹89.6 Lakh-223.1%-45.0%Mumbai, Maharashtra, India
Aero Grill Private Limited₹39.98 Lakh (FY 2025)9.0%Chennai, Tamil Nadu, India
Kamadgiri Metals Private Limited₹39.56 Lakh (FY 2024)-81.0%Purulia, West Bengal, India

To see the full peer comparison of Spring Merchandisers Private Limited, buy the company report.

Auditor

Spring Merchandisers Private Limited is audited by B B JAIN & ASSOCIATES for the financial year 2021.

Auditor firmFinancial yearFirm registration number
B B JAIN & ASSOCIATESFY 2021103889W

Shareholding

The shareholding of Spring Merchandisers Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2021FY 2019FY 2017FY 2016
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Spring Merchandisers Private Limited, buy the company report.

Charges & borrowings

Open charges
₹13.75 Cr
Satisfied charges
₹1 Cr
Breakdown by lending institutions
Punjab National Bank₹13.75 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
21 Apr 201110286170Punjab National Bank₹1.75 CrOpen
16 May 200190213713Punjab National Bank₹12 CrOpen
13 Sep 199590212729Canara Bank₹1 CrSatisfied

To see the full charge records of Spring Merchandisers Private Limited, buy the company report.

Total charge records: 3 View all charges

Credit ratings & regulatory alerts

Spring Merchandisers Private Limited was last rated by Crisil on 14 Feb 2020.

Rating agencyRated onRating
Crisil14 Feb 2020

To see the full credit ratings and regulatory alerts of Spring Merchandisers Private Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Spring Merchandisers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Spring Merchandisers has 5 GST registrations: 1 active and 4 cancelled or inactive.

Total GSTINs
5
Active
1
Cancelled / inactive
4
GSTINStateStatusRegistered on
26AAACS5240D1ZSDadra and Nagar Haveli and Daman and DiuActive01 Aug 2020

To see the full GST registrations and return filing status of Spring Merchandisers Private Limited, buy the company report.

Recent activity

Spring Merchandisers Private Limited has 9 board changes on record since 2012: 2 appointments and 7 cessations. The latest: Rakesh Parisar Sharma ceased to be Additional Director on 16 Jul 2021.

AGM
Spring Merchandisers Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Spring Merchandisers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Rakesh Parisar Sharma ceased to be Additional Director.
Appointed
Lalu Shrichhathu Mandal was appointed as Additional Director.
Ceased
Shyam Sunder Nandlal Sharma ceased to be Director.
Ceased
Bipin Kumar Chaturvedi ceased to be Director.
Ceased
Jeetendra Bhutra ceased to be Director.
Ceased
Anirudh Garg ceased to be Director.
Ceased
Gaurav Garg ceased to be Director.
Appointed
Ajay Kumar Garg was appointed as Director.
Ceased
Ajay Kumar Garg ceased to be Director.
Charges
A charge registered on 13 Sep 1995 via Charge ID 90212729 with Canara Bank was fully satisfied on 26 Mar 2012.

5 earlier events are in the company report.

Frequently asked questions

Spring Merchandisers is an active private limited company based in Mumbai, Maharashtra, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 16 March 1995 (31+ years old) and is registered under CIN U51900MH1995PTC086557.

Spring Merchandisers has 2 current directors:

The latest financial statements of Spring Merchandisers 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 2015 are in the company report.

The GSTIN of Spring Merchandisers is 26AAACS5240D1ZS, registered in Dadra and Nagar Haveli and Daman and Diu. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.

The CIN (Corporate Identification Number) of Spring Merchandisers is U51900MH1995PTC086557. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Spring Merchandisers has 20 court cases on record: 4 filed by the company and 16 filed against it. 2 are pending. Most are in the high courts.

Spring Merchandisers was incorporated on 16 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.

The peers of Spring Merchandisers by revenue are Ujwal Metals Private Limited, Vision Granite Exports Private Limited, Aero Grill Private Limited, Kamadgiri Metals Private Limited, all in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products).

Rakesh Parisar Sharma ceased to be Additional Director on 16 Jul 2021. Lalu Shrichhathu Mandal was appointed as Additional Director on 12 Jul 2021. Shyam Sunder Nandlal Sharma ceased to be Director on 16 Mar 2020. Spring Merchandisers has 9 board changes on record in total.

Yes, Spring Merchandisers is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0131825).

Spring Merchandisers can be reached through the website springmpl.com. Its registered office is in Mumbai, Maharashtra, India.