MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0027475
Spruce Pax Private Limited - packaging in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹43.58 Cr
▲ 1% YoY
Net profit · FY 2025
₹62.37 Lakh
Net margin 1.4%
EBITDA · FY 2025
₹2.14 Cr
EBITDA margin 4.9%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹15 Lakh
Issued & subscribed
Open charges
₹4.27 Cr
Satisfied ₹1.99 Cr
Company age
10 yrs
Est. 2016
Employees · EPFO
56
Provident fund records
About Spruce Pax Private Limited
Data last updated:
Spruce Pax Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the paper segment of the packaging sector. It was incorporated on 08 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U21098PN2016PTC158720. Its GSTIN is 27AAWCS8648B1ZQ (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹15 Lakh. It was formerly known as Spruce Impex Private Limited. It is led by directors including Yogesh Tulashiram Pingle and Supriya Jagdish Pingale.
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 Gat No. 963 MIDC – Nighoje Road Nighoje Tal – Khed Dist – Pune, Maharashtra, India – 410501.
As per the financials filed for FY 2025, the company reported a revenue of ₹43.58 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net profit of ₹62.37 Lakh (net margin 1.4%) and EBITDA of ₹2.14 Cr (EBITDA margin 4.9%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 21% over five years.
The company has about 56 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹4.27 Cr and satisfied charges of ₹1.99 Cr on record. Court records list 3 cases involving the company, including 3 filed against it.
Spruce Pax Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0027475). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spruceimpex.in.
Company details
CIN U21098PN2016PTC158720
Registration Number 158720
Incorporation Date 08 March 2016
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0027475
Key People
Yogesh Tulashiram Pingle Director Supriya Jagdish Pingale Director Prasad Khandu Barave Director Recognitions & Rankings of Spruce Pax
Contact details
Spruce Pax Private Limited's registered office is in Pune, Maharashtra. Its website is spruceimpex.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressGat No. 963 MIDC – Nighoje Road Nighoje Tal – Khed Dist – Pune, Maharashtra, India – 410501
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
To see the full contact details of Spruce Pax Private Limited, buy the company report.
Comprehensive company report
Spruce Pax 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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Business activity
The main business activity of Spruce Pax is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Spruce Pax Private Limited, buy the company report.
Financials of Spruce Pax Private Limited
FY 2025 filings availableSpruce Pax Private Limited reported revenue of ₹43.58 Cr (up 1% YoY) for FY 2025.
Revenue · FY 2025
₹43.58 Cr ▲ 1%
Net profit · FY 2025
₹62.37 Lakh margin 1.4%
EBITDA · FY 2025
₹2.14 Cr margin 4.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 1%
3 years · compounded
▲ 11%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▲ 32%
3 years · compounded
▼ 1%
5 years · compounded
▲ 18%
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 1% growth in the latest year. EBITDA rose 32% 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 |
|---|---|---|---|---|---|
| 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 | ₹2.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹62.37 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.9% | ||||
| Net Profit Margin | 1.4% | ||||
| 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 Spruce Pax Private Limited, buy the company report.
Board of directors of Spruce Pax Private Limited
Spruce Pax has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yogesh Tulashiram Pingle | Director | 08 Mar 2016 | 10 Years 7 Months | Current |
| Supriya Jagdish Pingale Also directs: Lavinto Milk Products Private Limited | Director | 08 Mar 2016 | 10 Years 7 Months | Current |
| Prasad Khandu Barave | Director | 08 Mar 2016 | 10 Years 7 Months | Current |
| Jagdish Laxman Pingale | Director | 15 Jan 2018 | 8 Years 9 Months | Current |
Peer comparison
Spruce Pax Private Limited is compared with the 6 companies closest to it by revenue in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sumeet Packers Private Limited | ₹44.08 Cr (FY 2025) | 25.0% | Pune, Maharashtra, India | |||
| Umesh Board and Paper Mills Private Limited | ₹44.07 Cr (FY 2025) | 16.0% | Aurangabad, Maharashtra, India | |||
| Sneh Comprint Private Limited | ₹43.76 Cr (FY 2024) | 23.0% | Kolkata, West Bengal, India | |||
| Spruce Pax Private Limitedthis company | ₹43.58 Cr (FY 2025) | ₹62.37 Lakh | 1.4% | 1.0% | 56 | Pune, Maharashtra, India |
| Huhtamaki Foodservice Packaging India Private Limited | ₹43.57 Cr (FY 2025) | -4.0% | Bhiwandi, Maharashtra, India | |||
| Himgiri Packs Private Limited | ₹43.34 Cr (FY 2024) | -11.0% | Jaipur, Rajasthan, India | |||
| Exquisite Print and Pack Private Limited | ₹43.32 Cr (FY 2025) | -3.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Spruce Pax Private Limited, buy the company report.
Auditor
Spruce Pax Private Limited is audited by PIYUSH OMPRAKASH SINGH for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PIYUSH OMPRAKASH SINGH | FY 2022 | 145401 |
Shareholding
The shareholding of Spruce Pax 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 Pax Private Limited, buy the company report.
Charges & borrowings
Open charges
₹4.27 Cr
Satisfied charges
₹1.99 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Dec 2024 | 101025882 | Others | ₹1 Cr | Open | |
| 16 Aug 2024 | 100965502 | Others | ₹35 Lakh | Open | |
| 09 Dec 2022 | 100666226 | Others | ₹15.76 Lakh | Open | |
| 29 Jun 2021 | 100498051 | Others | ₹2.2 Cr | Open | |
| 29 Jun 2018 | 100230408 | Others | ₹6.48 Lakh | Open |
To see the full charge records of Spruce Pax Private Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Spruce Pax Private Limited has 3 court cases on record: 3 filed against it. All cases are disposed.
Total cases
3
Filed against the company
3
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 3 | 0 |
Cases on record (1 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by The State of Maharashtra | Disposed |
To see the full case history of Spruce Pax 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 Pax Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Spruce Pax has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Foldy Packaging Private Limited | U36990PN2021PTC201701 |
To see the full group structure of Spruce Pax Private Limited, buy the company report.
Employees & EPFO
Spruce Pax Private Limited has a workforce of 56 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
56
Active EPFO establishments
1
Employee growth
55.56%
GST
Spruce Pax has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAWCS8648B1ZQ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spruce Pax Private Limited, buy the company report.
Recent activity
Spruce Pax Private Limited has 6 board changes on record since 2016: 4 appointments and 2 cessations. The latest: Sachin Dagdu Pingale ceased to be Additional Director on 01 Oct 2019.
Charges
A charge registered on 22 Mar 2022 via Charge ID 100561761 with Hdfc Bank Limited was fully satisfied on 09 Jan 2026.
AGM
Spruce Pax Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Spruce Pax Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 101025882 was registered on 23 Dec 2024.
Charges
A charge with Others of Rs. 220.00 Lakh registered on 29 Jun 2021 with Charge ID 100498051 was modified on 12 Dec 2024.
Charges
A charge with Others amounted to Rs. 35.00 Lakh with Charge ID 100965502 was registered on 16 Aug 2024.
Charges
A charge registered on 20 Nov 2021 via Charge ID 100511265 with Others was fully satisfied on 12 Aug 2024.
Charges
A charge registered on 14 Jan 2021 via Charge ID 100411105 with Others was fully satisfied on 18 Jan 2024.
Charges
A charge registered on 06 Dec 2021 via Charge ID 100522790 with Others was fully satisfied on 17 Jan 2024.
Charges
A charge registered on 31 Dec 2020 via Charge ID 100416534 with Others was fully satisfied on 15 Jan 2024.
Charges
A charge with Others amounted to Rs. 15.76 Lakh with Charge ID 100666226 was registered on 09 Dec 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 15.53 Lakh with Charge ID 100561761 was registered on 22 Mar 2022.
18 earlier events are in the company report.
Frequently asked questions
Spruce Pax is an active private limited company based in Pune, Maharashtra, India. The company works in paper, within the packaging industry. It was incorporated on 08 March 2016 (10+ years old) and is registered under CIN U21098PN2016PTC158720.
Spruce Pax has 4 current directors:
- Yogesh Tulashiram Pingle - Director
- Supriya Jagdish Pingale - Director
- Prasad Khandu Barave - Director
- Jagdish Laxman Pingale - Director
The latest financial statements of Spruce Pax 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 FY 2016 are in the company report.
The GSTIN of Spruce Pax is 27AAWCS8648B1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Spruce Pax is U21098PN2016PTC158720. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spruce Pax has 3 court cases on record: 3 filed against it.
Spruce Pax was incorporated on 08 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Spruce Pax by revenue are Sumeet Packers Private Limited, Umesh Board and Paper Mills Private Limited, Sneh Comprint Private Limited, Huhtamaki Foodservice Packaging India Private Limited, Himgiri Packs Private Limited and 1 more, all in the Packaging industry (Paper Laminated and Corrugated Packaging), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Sachin Dagdu Pingale ceased to be Additional Director on 01 Oct 2019. Jagdish Laxman Pingale ceased to be Additional Director on 29 Sep 2018. Jagdish Laxman Pingale was appointed as Director on 15 Jan 2018. Spruce Pax has 6 board changes on record in total.
Yes, Spruce Pax is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0027475).
Spruce Pax can be reached through the website spruceimpex.in. Its registered office is in Pune, Maharashtra, India.
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