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.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Spg Agrovert Limited |
|---|---|
| CIN | U51909DL2004PLC128977 |
| PAN | AABCV9210D (confirmed — matches on Tofler and on the GST-registration lookup for the same entity, gst.iadv.io) |
| Status | Active (confirmed by Tofler, Falconebiz, TheCompanyCheck, all checked 2026) |
| Listing | Unlisted (public limited company, unlisted) — confirmed by TheCompanyCheck; no stock-exchange listing found anywhere |
| Incorporated | 10 September 2004 (Tofler/Falconebiz/TheCompanyCheck agree; one Tofler WebFetch pass said "10 Dec 2004" but the RoC-consistent, cross-source figure and the one repeated by Falconebiz/TheCompanyCheck/Infomerics context is 10 Sep 2004 — treat 10 Sep 2004 as confirmed, the "10 Dec" mention as a likely OCR/parse slip) |
| ROC | RoC-Delhi (Delhi / Delhi-II) — confirmed by Falconebiz, Tofler, TheCompanyCheck |
| Sector (NIC) | CIN prefix U51909 = "Other wholesale trade n.e.c."; Falconebiz separately tags sector as "Food and Beverages / instant & ready-to-eat foods, wholesale trading" — partial/differing classifications across sources, both noted |
| Registered address | 1167, Second Floor, Kucha Mahajani, Chandni Chowk, North Delhi, New Delhi, Delhi 110006, India (consistent across Tofler, Falconebiz, TheCompanyCheck, ZaubaCorp) |
| Authorized capital | ₹70,00,00,000 (₹70 crore) — confirmed, consistent across all sources checked |
| Paid-up capital | Reported inconsistently across sources/snapshots — Tofler ₹25.06 Cr (one pass) / ₹29.94 Cr (another pass), Falconebiz ₹32.86 Cr, TheCompanyCheck ₹30.44 Cr, one WebSearch snippet ₹27.99 Cr. These likely reflect different as-of dates as the company has been issuing further paid-up capital over time (rising trend visible: ~25→~30→~33 Cr). Latest figure (Falconebiz, most recently updated source): ₹32,86,19,000. Treat exact current figure as partial/unconfirmed pending a fresh MCA-linked check. |
Business Overview
Confirmed- 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 (via third-party OEM partners, no in-house manufacturing) 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 (per Falconebiz/TheCompanyCheck, checked 2026) and one source (Falconebiz) 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
ConfirmedConfirmed (2 independent sources — Tofler and Falconebiz — agree on names + DINs) current board of 4:
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Nihar Gupta | 07672277 | Managing Director appointed 24 Dec 2016 | 24 Dec 2016 |
| Deepika Gupta | 08850031 | Director appointed 14 Oct 2022 | 14 Oct 2022 |
| Aditi Gupta | 10730997 | Director appointed date conflicts slightly: Tofler says 12 Aug 2024, Falconebiz says 30 Sep 2024 | - |
| Kundan Kishor Gupta | 11119877 | Director appointed 31 May 2025 | 31 May 2025 |
GST Registrations
Partial / conflicting| 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
Partial / conflictingStandalone, 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 (locked behind premium tiers on both Tofler and TheCompanyCheck).
Charges & Borrowings
Partial / conflicting- Partial, single-source (Falconebiz only, not cross-verified): 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- 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
Partial / conflicting- 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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