Spruce Enterprises Private Limited
About Spruce Enterprises Private Limited
Data last updated:
Spruce Enterprises Private Limited is a private limited company based in Ichalkaranji, Maharashtra, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 01 September 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U70200PN2010PTC137251. Its GSTIN is 27AAPCS0948B1ZA (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Vaishali Swapnil Awade and Aditya Swapnil Awade.
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 10/1169 Uttam Prakash Chitra Mandir Awade Nagar, Ichalkaranji, Maharashtra, India – 416115.
As per the financials filed for FY 2025, the company reported a revenue of ₹20.47 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹17.09 Lakh (net margin 0.8%) and EBITDA of ₹1.1 Cr (EBITDA margin 5.4%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 8% over five years.
As per MCA filings, the company has open charges of ₹5.91 Cr and satisfied charges of ₹6.37 Cr on record. Court records list 13 cases involving the company, including 13 filed by the company; 13 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Spruce Enterprises has one previous CIN (Corporate Identification Number): U17120PN2010PTC137251. The current CIN is U70200PN2010PTC137251, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70200PN2010PTC137251 | Current |
| U17120PN2010PTC137251 | Previous |
Contact details
Spruce Enterprises Private Limited's registered office is in Ichalkaranji, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address10/1169 Uttam Prakash Chitra Mandir Awade Nagar, Ichalkaranji, Maharashtra, India – 416115
- IndustryHome & Lifestyle, Textile Retail & Distribution
To see the full contact details of Spruce Enterprises Private Limited, buy the company report.
- 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
Business activity
The main business activity of Spruce Enterprises is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Spruce Enterprises Private Limited, buy the company report.
Financials of Spruce Enterprises Private Limited
FY 2025 filings availableSpruce Enterprises Private Limited reported revenue of ₹20.47 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA rose 4% 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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| EBITDA | ₹1.1 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.09 Lakh | ||||
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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 | 5.4% | ||||
| Net Profit Margin | 0.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Spruce Enterprises Private Limited, buy the company report.
Board of directors of Spruce Enterprises Private Limited
Spruce Enterprises has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaishali Swapnil Awade | Director | 01 Sep 2010 | 16 Years 2 Months | Current |
| Aditya Swapnil Awade | Director | 07 Feb 2025 | 1 Years 9 Months | Current |
Peer comparison
Spruce Enterprises Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Atulniya Designs Private Limited | ₹20.57 Cr (FY 2024) | -24.0% | New Delhi, Delhi, India | |||
| V. R. Overseas Private Limited | ₹20.5 Cr (FY 2024) | 41.0% | Kolkata, West Bengal, India | |||
| Global Woolkon Private Limited | ₹20.49 Cr (FY 2025) | 91.0% | Chandigarh, India | |||
| Mehta Polytex Limited | ₹20.48 Cr (FY 2024) | 115.0% | Ahmedabad, Gujarat, India | |||
| Spruce Enterprises Private Limitedthis company | ₹20.47 Cr (FY 2025) | ₹17.09 Lakh | 0.8% | -7.0% | Ichalkaranji, Maharashtra, India | |
| Solty Agencies Private Limited | ₹20.4 Cr (FY 2024) | 4.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Spruce Enterprises Private Limited, buy the company report.
Auditor
Spruce Enterprises Private Limited is audited by KALE CHOUGULE THIGALE & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KALE CHOUGULE THIGALE & CO | FY 2023 | 119814 |
Shareholding
The shareholding of Spruce Enterprises 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 Spruce Enterprises Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2025 | 101179897 | State Bank of India | ₹90 Lakh | Open | |
| 14 Jan 2025 | 101041426 | State Bank of India | ₹4.9 Cr | Open | |
| 02 Aug 2022 | 100602866 | Hdfc Bank Limited | ₹11.08 Lakh | Open | |
| 23 Jun 2022 | 100594005 | Others | ₹3.77 Cr | Satisfied | |
| 21 Aug 2017 | 100121326 | Others | ₹1.3 Cr | Satisfied |
To see the full charge records of Spruce Enterprises Private Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Spruce Enterprises Private Limited has 13 court cases on record: 13 filed by Spruce Enterprises. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 0 | 13 |
Cases on record (1 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Kolhapur, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Spruce Enterprises Private 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Spruce Enterprises Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Spruce Enterprises has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAPCS0948B1ZA | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spruce Enterprises Private Limited, buy the company report.
Recent activity
Spruce Enterprises Private Limited has 4 board changes on record since 2010: 2 appointments and 2 cessations. The latest: Aditya Swapnil Awade ceased to be Additional Director on 29 Sep 2025.
6 earlier events are in the company report.
Frequently asked questions
Spruce Enterprises is an active private limited company based in Ichalkaranji, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 01 September 2010 (16+ years old) and is registered under CIN U70200PN2010PTC137251.
Spruce Enterprises has 2 current directors:
- Vaishali Swapnil Awade - Director
- Aditya Swapnil Awade - Director
The latest financial statements of Spruce Enterprises 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 Spruce Enterprises is 27AAPCS0948B1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Spruce Enterprises is U70200PN2010PTC137251. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spruce Enterprises has 13 court cases on record: 13 filed by the company. 13 are pending.
Spruce Enterprises was incorporated on 01 September 2010, making it 16+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Spruce Enterprises by revenue are Atulniya Designs Private Limited, V. R. Overseas Private Limited, Global Woolkon Private Limited, Mehta Polytex Limited, Solty Agencies Private Limited, all in the Consumer Products industry (Textile Retail and Distribution), with the same principal business activity (wholesale trading).
Aditya Swapnil Awade ceased to be Additional Director on 29 Sep 2025. Aditya Swapnil Awade was appointed as Director on 07 Feb 2025. Swapnil Prakash Awade ceased to be Director on 07 Feb 2025. Spruce Enterprises has 4 board changes on record in total.
The registered office of Spruce Enterprises is at 101169 Uttam Prakash Chitra Mandir Awade Nagar, Ichalkaranji, Maharashtra, India – 416115.
Spruce Enterprises operates in the home and lifestyle industry, in the textile retail and distribution segment.
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