MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0000826
Swani Spice Mills Pvt Ltd - food and beverages in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹274.51 Cr
▲ 14% YoY
Net profit · FY 2025
₹4.93 Cr
Net margin 1.8%
EBITDA · FY 2025
₹17.49 Cr
EBITDA margin 6.4%
Authorised capital
₹90 Lakh
Registered with MCA
Paid-up capital
₹43.92 Lakh
Issued & subscribed
Open charges
₹287.01 Cr
Satisfied ₹59.9 Cr
Company age
34 yrs
Est. 1992
Employees · EPFO
257
Provident fund records
About Swani Spice Mills Pvt Ltd
Data last updated:
Swani Spice Mills Pvt Ltd is a private limited company based in Mumbai, Maharashtra, India. It operates in the spice manufacturing and distribution segment of the food and beverages sector. It was incorporated on 05 August 1992 and has been in existence for over 34 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U15495MH1992PTC068034. Its GSTIN is 27AACFS3436J1Z3 (Maharashtra). The company holds 9 GST registrations, all of them active.
The company has an authorised share capital of ₹90 Lakh and a paid-up capital of ₹43.92 Lakh. It is led by directors including Kirandip Singh Kuldip Singh Swani (Managing Director) and Parneet Singh Swani.
Its last annual general meeting (AGM) was held on 31 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 4 Hari Nivas `C` Roadchurchgate, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2025, the company reported a revenue of ₹274.51 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net profit of ₹4.93 Cr (net margin 1.8%) and EBITDA of ₹17.49 Cr (EBITDA margin 6.4%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 10% over five years.
The company has about 257 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Swani Spice. As per MCA filings, the company has open charges of ₹287.01 Cr and satisfied charges of ₹59.9 Cr on record. Court records list 30 cases involving the company, including 17 filed by the company and 13 filed against it; 6 cases are pending.
Swani Spice Mills Pvt Ltd is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0000826). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website swanispice.com.
Company details
CIN U15495MH1992PTC068034
Registration Number 068034
Incorporation Date 05 August 1992
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 October 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0000826
Key People
Kirandip Singh Kuldip Singh Swani Managing Director Parneet Singh Swani Director Harjivsingh Kirandipsingh Swani Director Recognitions & Rankings of Swani Spice Mills
Contact details
Swani Spice Mills Pvt Ltd's registered office is in Mumbai, Maharashtra. Its website is swanispice.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address4 Hari Nivas `C` Roadchurchgate, Mumbai, Maharashtra, India – 400020
- IndustryFood and Beverages, Spice Manufacturing & Distribution
To see the full contact details of Swani Spice Mills Pvt Ltd, buy the company report.
Comprehensive company report
Swani Spice Mills Pvt Ltd - 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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Brands
Swani Spice Mills operates one associated brand: Swani Spice. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Spice export, sustainable farming, and quality assurance services in India. | swanispice.com |
Business activity
The main business activity of Swani Spice Mills is agriculture, forestry, fishing. In detail, this covers support activities to agriculture and other activities including hunting.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| A | Agriculture, forestry, fishing | A4 | Support activities to agriculture and Other Activities including hunting |
To see the full business activity and turnover split of Swani Spice Mills Pvt Ltd, buy the company report.
Financials of Swani Spice Mills Pvt Ltd
FY 2025 filings availableSwani Spice Mills Pvt Ltd reported revenue of ₹274.51 Cr (up 14% YoY) for FY 2025.
Revenue · FY 2025
₹274.51 Cr ▲ 14%
Net profit · FY 2025
₹4.93 Cr margin 1.8%
EBITDA · FY 2025
₹17.49 Cr margin 6.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 14%
3 years · compounded
▲ 9%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▼ 5%
3 years · compounded
▼ 10%
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 14% growth in the latest year. EBITDA fell 5% 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 | |||||
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| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹17.49 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.93 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | 6.4% | ||||
| Net Profit Margin | 1.8% | ||||
| 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 Swani Spice Mills Pvt Ltd, buy the company report.
Board of directors of Swani Spice Mills Pvt Ltd
Swani Spice Mills has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parneet Singh Swani | Director | 11 Jun 2004 | 22 Years 4 Months | Current |
| Kirandip Singh Kuldip Singh Swani | Managing Director | 05 Aug 1992 | 34 Years 3 Months | Current |
| Harjivsingh Kirandipsingh Swani | Director | 19 Jun 2002 | 24 Years 4 Months | Current |
Auditor
Swani Spice Mills Pvt Ltd is audited by Viren Gandhi & Co for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Viren Gandhi & Co | FY 2024 | 111558W |
Shareholding
The shareholding of Swani Spice Mills Pvt Ltd is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Swani Spice Mills Pvt Ltd, buy the company report.
Charges & borrowings
Open charges
₹287.01 Cr
Satisfied charges
₹59.9 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Aug 2026 | 101384131 | Others | ₹4.99 Cr | Open | |
| 19 Jun 2025 | 101143531 | Others | ₹41.86 Lakh | Open | |
| 20 Dec 2024 | 101075725 | Others | ₹90 Lakh | Open | |
| 20 Dec 2024 | 101083630 | Others | ₹70 Lakh | Open | |
| 06 Dec 2024 | 101031788 | Citi Bank N.A. | ₹48 Cr | Open |
To see the full charge records of Swani Spice Mills Pvt Ltd, buy the company report.
Total charge records: 25 View all charges
Legal cases
Swani Spice Mills Pvt Ltd has 30 court cases on record: 17 filed by Swani Spice Mills, 13 filed against it. 6 cases are pending and 24 are disposed.
Total cases
30
Filed by the company
17
Filed against the company
13
Pending
6
Disposed
24
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 16 | 5 | 6 |
| High courts | 13 | 8 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed by the company against M/S. Amar Remedies Ltd. and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed against the company by Refinitiv India Private Limited - Representative Mr. Yogesh Gadkari | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Ms Amar Remedies Ltd and Ors and 2 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against M-S Amar Remedies Ltd. and 2 Ors. | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Ms. Indage Vintners Ltd. Ors and 3 others | Disposed |
To see the full case history of Swani Spice Mills Pvt Ltd, 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 Swani Spice Mills Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Swani Spice Mills has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Swani Food Research and Analysis Centre Private Limited | U73200MH2019PTC329439 |
To see the full group structure of Swani Spice Mills Pvt Ltd, buy the company report.
Employees & EPFO
Swani Spice Mills Pvt Ltd has a workforce of 257 employees on its EPFO records as of Sep 23, 2025, across 1 active EPFO establishment.
Employee count
257
Active EPFO establishments
1
Employee growth
1.58%
GST
Swani Spice Mills has 9 GST registrations: 9 active. The first 4 active GSTINs are listed below.
Total GSTINs
9
Active
9
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACFS3436J1Z3 | Maharashtra | Active | 01 Jul 2017 |
| 06AACFS3436J1Z7 | Haryana | Active | 01 Jul 2017 |
| 08AACFS3436J1Z3 | Rajasthan | Active | 01 Jul 2017 |
| 23AACFS3436J1ZB | Madhya Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Swani Spice Mills Pvt Ltd, buy the company report.
Recent activity
Swani Spice Mills Pvt Ltd has 7 board changes on record since 1992: 3 appointments and 4 cessations. The latest: Harvinder Kirandip Singh Swani ceased to be Additional Director on 10 Aug 2019.
Charges
A charge with Others amounted to Rs. 499.25 Lakh with Charge ID 101384131 was registered on 17 Aug 2026.
Charges
A charge registered on 06 Dec 2024 via Charge ID 101031791 with Citi Bank N.A. was fully satisfied on 25 Mar 2026.
Charges
A charge with Others of Rs. 3,500.00 Lakh registered on 20 Nov 2019 with Charge ID 100306747 was modified on 27 Feb 2026.
AGM
Swani Spice Mills Pvt Ltd last Annual general meeting of members was held on 31 Oct 2025 as per latest MCA records.
Charges
A charge with Others of Rs. 2,500.00 Lakh registered on 20 Dec 2023 with Charge ID 100877094 was modified on 17 Jul 2025.
Charges
A charge registered on 04 May 2022 via Charge ID 100576893 with Others was fully satisfied on 25 Jun 2025.
Charges
A charge with Others amounted to Rs. 41.86 Lakh with Charge ID 101143531 was registered on 19 Jun 2025.
Filing
Swani Spice Mills Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 90.00 Lakh with Charge ID 101075725 was registered on 20 Dec 2024.
Charges
A charge with Others amounted to Rs. 70.00 Lakh with Charge ID 101083630 was registered on 20 Dec 2024.
Charges
A charge registered on 04 May 2022 via Charge ID 100576891 with Others was fully satisfied on 13 Dec 2024.
Charges
A charge registered on 19 Oct 2020 via Charge ID 100389163 with Others was fully satisfied on 13 Dec 2024.
38 earlier events are in the company report.
Frequently asked questions
Swani Spice Mills is an active private limited company based in Mumbai, Maharashtra, India. The company works in spice manufacturing and distribution, within the food and beverages industry. It was incorporated on 05 August 1992 (34+ years old) and is registered under CIN U15495MH1992PTC068034.
Swani Spice Mills has 3 current directors:
- Kirandip Singh Kuldip Singh Swani - Managing Director
- Parneet Singh Swani - Director
- Harjivsingh Kirandipsingh Swani - Director
The latest financial statements of Swani Spice Mills on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 October 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Swani Spice Mills is 27AACFS3436J1Z3, registered in Maharashtra. The company has 9 GST registrations in all, of which 9 are active. Other active GSTINs include 06AACFS3436J1Z7 (Haryana), 08AACFS3436J1Z3 (Rajasthan), 23AACFS3436J1ZB (Madhya Pradesh).
The CIN (Corporate Identification Number) of Swani Spice Mills is U15495MH1992PTC068034. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Swani Spice Mills has 30 court cases on record: 17 filed by the company and 13 filed against it. 6 are pending. Most are in the district courts.
Swani Spice Mills was incorporated on 05 August 1992, making it 34+ years old. It is registered with the Registrar of Companies, Mumbai.
Harvinder Kirandip Singh Swani ceased to be Additional Director on 10 Aug 2019. Amrita Kuldipsingh Swani ceased to be Director on 09 Aug 2019. Harvinder Kirandip Singh Swani ceased to be Director on 20 May 2019. Swani Spice Mills has 7 board changes on record in total.
Yes, Swani Spice Mills is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0000826).
Swani Spice Mills can be reached through the website swanispice.com. Its registered office is in Mumbai, Maharashtra, India.
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