MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-23-0007092
Spruceworld India Private Limited
Spruceworld India Private Limited - packaging in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹5.22 Cr
▼ 18% YoY
Net profit · FY 2024
₹8.87 Lakh
Net margin 1.7%
EBITDA · FY 2024
₹24.66 Lakh
EBITDA margin 4.7%
Authorised capital
₹49 Lakh
Registered with MCA
Paid-up capital
₹49 Lakh
Issued & subscribed
Open charges
₹1.25 Cr
Secured borrowings
Company age
6 yrs
Est. 2020
Directors on board
4
As per MCA filings
About Spruceworld India Private Limited
Data last updated:
Spruceworld India Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the paper segment of the packaging sector. It was incorporated on 02 March 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U20299MH2020PTC338432. Its GSTIN is 27ABDCS5175M2ZR (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹49 Lakh and a paid-up capital of ₹49 Lakh. It is led by directors including Sachin Dagdu Pingale and Sagar Chaburao Pingle.
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 Shop. No.4 Omkar Co – Op. Housing Society Sec. 9 Ghansoli, Navi Mumbai, Maharashtra, India – 400701.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.22 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net profit of ₹8.87 Lakh (net margin 1.7%) and EBITDA of ₹24.66 Lakh (EBITDA margin 4.7%).
As per MCA filings, the company has open charges of ₹1.25 Cr on record.
Spruceworld India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-23-0007092).
Company details
CIN U20299MH2020PTC338432
Registration Number 338432
Incorporation Date 02 March 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-MH-23-0007092
Key People
Sachin Dagdu Pingale Director Sagar Chaburao Pingle Director Sandesh Vasant Pokharkar Director Recognitions & Rankings of Spruceworld India
Contact details
Spruceworld India Private Limited's registered office is in Navi Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressShop. No.4 Omkar Co – Op. Housing Society Sec. 9 Ghansoli, Navi Mumbai, Maharashtra, India – 400701
- IndustryPackaging, Paper, Laminated & Corrugated Packaging
To see the full contact details of Spruceworld India Private Limited, buy the company report.
Comprehensive company report
Spruceworld 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
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Secure checkout · GST invoice included
Business activity
The main business activity of Spruceworld India 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 Spruceworld India Private Limited, buy the company report.
Financials of Spruceworld India Private Limited
FY 2025 filings availableSpruceworld India Private Limited reported revenue of ₹5.22 Cr (down 18% YoY) for FY 2024.
Revenue · FY 2024
₹5.22 Cr ▼ 18%
Net profit · FY 2024
₹8.87 Lakh margin 1.7%
EBITDA · FY 2024
₹24.66 Lakh margin 4.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 18%
EBITDA CAGR growth
1 year
▲ 25%
3 years · compounded
▲ 175%
Revenue fell 18% in the latest year. EBITDA rose 25% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹24.66 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.87 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.7% | ||||
| Net Profit Margin | 1.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Spruceworld India Private Limited, buy the company report.
Board of directors of Spruceworld India Private Limited
Spruceworld India has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Dagdu Pingale Also directs: Shri Saikrishna Timber Products Private Limited | Director | 02 Mar 2020 | 6 Years 7 Months | Current |
| Sagar Chaburao Pingle Also directs: Shri Saikrishna Timber Products Private Limited | Director | 02 Mar 2020 | 6 Years 7 Months | Current |
| Sandesh Vasant Pokharkar Also directs: Shri Saikrishna Timber Products Private Limited | Director | 02 Mar 2020 | 6 Years 7 Months | Current |
| Swapnil Pandurang More Also directs: Shri Saikrishna Timber Products Private Limited | Director | 23 Aug 2021 | 5 Years 2 Months | Current |
Peer comparison
Spruceworld India Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Aparaa Industries Private Limited | ₹5.24 Cr (FY 2025) | 10.0% | Ahmedabad, Gujarat, India | |||
| Light Impressions Private Limited | ₹5.24 Cr (FY 2025) | -3.0% | Vasai, Maharashtra, India | |||
| Vasshin Composites Private Limited | ₹5.23 Cr (FY 2025) | 18.0% | Delhi, India | |||
| Va Wood'n Design Private Limited | ₹5.23 Cr (FY 2025) | 4.0% | Puducherry, India | |||
| Sundstrand Forms Private Limited | ₹5.23 Cr (FY 2025) | 1070.0% | New Delhi, Delhi, India | |||
| Spruceworld India Private Limitedthis company | ₹5.22 Cr (FY 2024) | ₹8.87 Lakh | 1.7% | -18.0% | Navi Mumbai, Maharashtra, India | |
| Endura Plywood Industry Private Limited | ₹5.22 Cr (FY 2024) | 1340.0% | Bangalore, Karnataka, India | |||
| Urbane Royale Touch Private Limited | ₹5.21 Cr (FY 2025) | 49.0% | Jodhpur, Rajasthan, India | |||
| Asian Plywood Industries Pvt Ltd | ₹5.21 Cr (FY 2025) | -9.0% | Hajipur, Bihar, India | |||
| Boingg Kids Private Limited | ₹5.2 Cr (FY 2024) | 25.0% | Gurgaon, Haryana, India | |||
| Shypram Rubber Profiles Private Limited | ₹5.2 Cr (FY 2025) | 267.0% | Santej, Gujarat, India |
To see the full peer comparison of Spruceworld India Private Limited, buy the company report.
Auditor
Spruceworld India 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 |
Charges & borrowings
Open charges
₹1.25 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Dec 2021 | 100551129 | Others | ₹1.25 Cr | Open |
To see the full charge records of Spruceworld India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Spruceworld 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
No delayed payments to MSME suppliers are on our record for Spruceworld India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Spruceworld India has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABDCS5175M2ZR | Maharashtra | Active | 04 May 2020 |
To see the full GST registrations and return filing status of Spruceworld India Private Limited, buy the company report.
Recent activity
Spruceworld India Private Limited has 5 board changes on record since 2020: 4 appointments and 1 cessation. The latest: Swapnil Pandurang More ceased to be Additional Director on 29 Sep 2023.
AGM
Spruceworld India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Spruceworld India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai Ii.
Charges
A charge with Others of Rs. 125.00 Lakh registered on 13 Dec 2021 with Charge ID 100551129 was modified on 28 Feb 2025.
Ceased
Swapnil Pandurang More ceased to be Additional Director.
Charges
A charge with Others amounted to Rs. 125.00 Lakh with Charge ID 100551129 was registered on 13 Dec 2021.
Appointed
Swapnil Pandurang More was appointed as Director.
Appointed
Sachin Dagdu Pingale was appointed as Director.
Appointed
Sagar Chaburao Pingle was appointed as Director.
Appointed
Sandesh Vasant Pokharkar was appointed as Director.
Incorporation
02 Mar 2020
Spruceworld India Private Limited was registered on 02 Mar 2020 with Roc Mumbai Ii & aged 6 years 8 months as per MCA records.
Frequently asked questions
Spruceworld India is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in paper, within the packaging industry. It was incorporated on 02 March 2020 (6+ years old) and is registered under CIN U20299MH2020PTC338432.
Spruceworld India has 4 current directors:
- Sachin Dagdu Pingale - Director
- Sagar Chaburao Pingle - Director
- Sandesh Vasant Pokharkar - Director
- Swapnil Pandurang More - Director
The latest financial statements of Spruceworld India 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 2020 are in the company report.
The GSTIN of Spruceworld India is 27ABDCS5175M2ZR, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Spruceworld India is U20299MH2020PTC338432. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spruceworld India was incorporated on 02 March 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Spruceworld India by revenue are Aparaa Industries Private Limited, Light Impressions Private Limited, Vasshin Composites Private Limited, Va Wood'n Design Private Limited, Sundstrand Forms Private Limited and 5 more, all in the same principal business activity (wood and wood products, furniture, paper and paper products).
Swapnil Pandurang More ceased to be Additional Director on 29 Sep 2023. Swapnil Pandurang More was appointed as Director on 23 Aug 2021. Sachin Dagdu Pingale was appointed as Director on 02 Mar 2020. Spruceworld India has 5 board changes on record in total.
Yes, Spruceworld India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-23-0007092).
The registered office of Spruceworld India is at Shop. No.4 Omkar Co – Op. Housing Society Sec. 9 Ghansoli, Navi Mumbai, Maharashtra, India – 400701.
Spruceworld India operates in the packaging industry, in the paper segment.
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