Company Intelligence Profile
Spg Agrovert Limited
Delhi-registered/Noida-based agri-commodity trading company (SPG Global Commodities Ltd, now renamed SPG Agrovert Ltd) that trades and contract-packs edible oils, staples, sugar, pulses and dry fruits/spices under owned brands (SPG Swaad, Shree Veda, YumG, Bakers Barn, Sultan) for modern retail and institutional clients.
Last updated 11 August 2026
SPG Agrovert Limited, based in Noida, is an agri-commodity trading company that specializes in trading and contract-packing edible oils, staples, sugar, pulses, and spices under brands like SPG Swaad and Shree Veda. In FY2023, the company reported a total operating income of ₹291.10 Cr with an EBITDA of ₹9.04 Cr, showing financial resilience despite a 26% drop in revenue from the previous year.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
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Company Identity
| Registered name | Spg Agrovert Limited |
|---|---|
| CIN | U51909DL2004PLC128977 |
| PAN | AABCV9210D |
| Status | Active |
| Listing | Unlisted (public limited company, unlisted); no stock-exchange listing found anywhere |
| Incorporated | 10 September 2004 |
| ROC | RoC-Delhi (Delhi / Delhi-II) |
| Sector (NIC) | CIN prefix U51909 = "Other wholesale trade n.e.c." |
| Registered address | 1167, Second Floor, Kucha Mahajani, Chandni Chowk, North Delhi, New Delhi, Delhi 110006, India |
| Authorized capital | ₹70,00,00,000 (₹70 crore) — confirmed, consistent across all sources checked |
| Paid-up capital |
|
Business Overview
- Promoted by the Gupta family (Noida, UP)
- Incorporated 10 Sep 2004 as Virendra Trading Co. Pvt Ltd; took over the promoters' existing trading business "Virendra Enterprises Private Limited" and commenced branded operations under the SPG Global Commodities name in 2020
- Engaged in wholesale trading and contract manufacturing/packaging of agri-commodities: edible oils, staples (rice, wheat, flour products), sugar, pulses, and edible nuts & spices (cashew, almonds, walnuts, raisins, pistachio)
- Sells under own brands SPG Swaad, Shree Veda, YumG, Bakers Barn and Sultan
- Major clients cited by its credit-rating agency: V-Mart, Reliance Retail Limited, Patanjali Foods Limited, Metro Cash & Carry, and government client IRCTC
- CIN's NIC code (51909) corresponds to "other wholesale trade n.e.c." Company has since been renamed SPG Agrovert Limited and one source associates it with instant/ready-to-eat foods as an emerging category alongside trading
- Source: Infomerics rating rationale (28 Mar 2024, primary/most reliable), corroborated by Falconebiz and Tofler
Directors
Confirmed (2 independent sources — Tofler and Falconebiz — agree on names + DINs) current board of 4:
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Nihar Gupta | 07672277 | Managing Director | 24 Dec 2016 |
| Deepika Gupta | 08850031 | Director | 14 Oct 2022 |
| Aditi Gupta | 10730997 | Director | - |
| Kundan Kishor Gupta | 11119877 | Director | 31 May 2025 |
GST Registrations
| GSTIN | State | PAN | Status |
|---|---|---|---|
| 08AABCV9210D1ZK | Rajasthan | AABCV9210D (confirmed — matches on Tofler and on the GST-registration lookup for the same entity, gst.iadv.io) | - |
| 24AABCV9210D1ZQ | Gujarat | AABCV9210D (confirmed — matches on Tofler and on the GST-registration lookup for the same entity, gst.iadv.io) | Active |
Partial. Primary GSTIN not confirmed active. Confirmed PAN AABCV9210D. Two GSTINs located under this PAN, both showing CANCELLED status on FnShiftSolutions/gst.iadv.io: 08AABCV9210D1ZK (Rajasthan, registered 27/03/2018, address Plot No-43 Shiv Marg, Madrampura, Civil Lines, Jaipur) and 24AABCV9210D1ZQ (Gujarat state code 24, registered 30/07/2018). No active/home-state (Delhi 07 or UP 09) GSTIN could be located from the reliable source list within this pass — company almost certainly holds active registrations given ongoing ₹290-480 Cr-scale trading turnover, but none could be verified live. Number of total registrations and current status: not obtained beyond the two cancelled ones found.
Financials
Standalone, audited — from Infomerics credit-rating rationale (28 Mar 2024), the only primary-filing-linked source verified in full (PDF read directly, not via summarizer):
- FY2021 (pandemic-affected): Revenue ₹50.67 Cr; EBITDA ₹2.00 Cr; PAT ₹1.50 Cr
- FY2022 (audited): Total Operating Income ₹393.29 Cr; EBITDA ₹7.06 Cr (margin 1.80%); PAT ₹4.60 Cr (margin 1.17%); Total Debt ₹26.12 Cr; Tangible Net Worth ₹25.75 Cr; Gearing 1.01x
- FY2023 (audited): Total Operating Income ₹291.10 Cr (down ~26% YoY on loss of some major customers over payment delays); EBITDA ₹9.04 Cr (margin 3.10%); PAT ₹3.85 Cr (margin 1.32%); Total Debt ₹25.45 Cr; Tangible Net Worth ₹42.47 Cr (boosted by ₹12.89 Cr promoter equity infusion); Gearing improved to 0.60x
- 10M-FY2024 (provisional, per rating agency): EBITDA ₹16.31 Cr; PAT ₹9.37 Cr — both already above full-year FY23 levels
CONFLICTING/UNVERIFIED later-year figures from secondary sources (not corroborated by a primary filing, and inconsistent with each other): Falconebiz cites FY2024 revenue ~₹450 Cr (37% "1-yr CAGR"); a separate Tofler pass cites FY2025 revenue ₹483.24 Cr (7% YoY growth) — these two growth rates are not mutually consistent, so treat any FY24/FY25 topline number as unconfirmed pending a fresh check. No net worth/PAT/EBITDA for FY24/FY25 could be obtained.
Charges & Borrowings
- Open charges ₹211.93 Cr
- Satisfied/released charges ₹196.97 Cr. Named lenders: Yes Bank Limited (₹30 Cr), State Bank of India (₹14.50 Cr), Canara Bank (₹14.26 Cr) — these appear to be individual charge filings, not necessarily current outstanding balances
- Separately, Infomerics (primary, most reliable) rated ₹55 Cr of Long Term Bank Facilities (3x Cash Credit lines of ₹10 Cr, ₹10 Cr and ₹12.5 Cr, plus a proposed ₹22.5 Cr facility) as of March 2024, IVR BBB-/Stable, but did not name the lending bank(s)
- The two figures are not reconcilable with the data gathered in this pass; flag as a data gap for anyone reconciling actual current debt
Credit Ratings
- Confirmed — primary source read directly
- Infomerics Valuation and Rating Pvt Ltd assigned IVR BBB-/Stable to SPG Global Commodities Limited's Long Term Bank Facilities (₹55 Cr total: Cash Credit 1 ₹10 Cr, Cash Credit 2 ₹10 Cr, Cash Credit 3 ₹12.5 Cr, Proposed Cash Credit ₹22.5 Cr) on 28 March 2024
- This was a fresh "Assigned" rating — no prior-year rating history with Infomerics (first three columns of rating history show "-")
- No CRISIL, ICRA or CARE rating found for this entity
- No signs of any group-entity rating being misattributed to this company
- Source: https://infomericstorage.blob.core.windows.net/uploads/pr_SPG_Global_Commodities_28mar24_e3bfabbd1d.pdf (verified by direct PDF read, not summarizer)
Competitors
- Qualitative peer list (analytical judgement, not sourced figures) for an agri-commodity trading company selling edible oils/staples/pulses/dry fruits under private labels to modern retail and institutional buyers: (1) Patanjali Foods Limited — large, listed, FMCG/edible-oils major (multi-thousand-crore revenue) — direct client-overlap peer (V-Mart etc.) and much larger scale
- (2) Adani Wilmar Ltd (Fortune brand) — very large, listed edible-oils/staples leader
- (3) Gokul Agro Resources Ltd — large-mid, listed, edible-oil/agri-commodity trading
- (4) LT Foods Limited (Daawat) — large-mid, listed, branded staples/basmati rice
- (5) Kaleesuwari Refinery Pvt Ltd — mid-large, unlisted, edible oils
- (6) Vijay Solvex Ltd / Vippy Industries — small-mid, listed/unlisted, edible oil & agri-trading, closer in scale to SPGGCL's ~₹300-480 Cr revenue band
- SPGGCL itself sits at the small end of this competitive set by revenue
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