Prism Geo · city intelligence · pilot
Prism Geo · India · Maharashtra · Spice Manufacturers
Spice Manufacturers · Maharashtra

Spice Manufacturers in Maharashtra

₹1,586 crore of revenue reported in the latest year (mostly FY25) by the 19 of Maharashtra's 259 spice manufacturers with accounts on file. The ten largest produce 94% of it; the typical filer earns ₹37.5 crore.

Active companies
259
spice manufacturers on the register
Reported revenue
₹1,586 crore
19 companies with accounts
Profitable
89%
of filers · India 81%
Secured loans
20.8%
of companies have one on record

What stands out about Maharashtra's spice manufacturers

01
Revenue
₹1,586 crore

of revenue reported in the latest year (mostly FY25) by the 19 of Maharashtra's 259 spice manufacturers with accounts on file. The ten largest produce 94% of it; the typical filer earns ₹37.5 crore.

02
Profitability
89%

of filers reported a profit (India, same segment: 81%); the median net margin is 1.3% against 1.2% nationally.

03
Growth
+7%

median revenue growth across 18 companies with two consecutive years on file (India: +8%); 1 grew by more than half and 6 shrank. Only companies still filing are counted.

04
Labour cost
4%

of revenue goes on employee cost for the median filer (5% nationally), so this segment is less labour-intensive in Maharashtra than across India.

05
Lending
20.8%

of Maharashtra spice manufacturers have a secured loan on record (India: 18.3%). Most frequent lenders: Union Bank Of India (7), HDFC Bank (7), State Bank Of India (7). Open borrowings against company assets total ₹618 crore.

06
Where the money is
66%

of reported revenue comes from Mumbai, which holds 41% of Maharashtra's spice manufacturers.

Where Maharashtra's spice manufacturers are

Companies by the city or district of their registered address.

CityCompaniesShareReported revenueShare of revenue
Mumbai10741.3%₹1,041 crore66%
Thane3814.7%₹34.2 crore2%
Pune3312.7%₹4.1 crore0%
Nagpur207.7%₹358 crore23%
Aurangabad114.2%₹85.9 crore5%
Nashik83.1%––
Sangli62.3%––
Beed31.2%––
Wardha31.2%₹62.5 crore4%
Solapur31.2%––

Spice Manufacturers in Maharashtra by size

From the latest accounts each company has filed, split by annual revenue. Growth compares with the year before; net margin is profit after tax over revenue.

Bigger companies

₹100 crore+ revenue · 5 spice manufacturers
01 · FY24 accounts · Nagpur

Suruchi Spices Private Limited

Suruchi Spices is a brand offering Indian spices and spice powder mixes in packaged form. It has also diversified into papad, processed items like pickles, ketchups, and ready to cook mixes for Indian snacks and sweets like dhokla, dosa, jalebi, gulab jamun, etc. The company caters primarily to the market in central India and also has presences in West Bengal, Bihar, Orissa and Jammu & Kashmir.

Suruchi Spices Private Limited is a private company incorporated in 1990, with its registered office in Nagpur, Maharashtra, classified under food & beverages. In FY24 it reported revenue of ₹358 crore, up 10% on the year before, with a net margin of 9.9%.

  • Revenue (FY24)₹358 crore
  • Growth vs prior year+10%
  • Net margin9.9%
  • Net worth₹197 crore
  • Paid-up capital₹7.5 crore
  • AreaNagpur
  • Incorporated1990 · Private company
  • Secured loans5 open
  • Key peopleRavi Jain (CEO)
Founders & leadershipRRavi Jain1 person
RJ
  • ProfileManaging Director-Suruchi Spices Pvt. Ltd
ProductsPav Bhaji Masala, Chhole Masala +35 products
Product 01 / 05

Pav Bhaji Masala

  • CategoryMasala
  • PriceOn request
  • Range5 products listed by Suruchi
Pav Bhaji Masala
Product 02 / 05

Chhole Masala

  • CategoryMasala
  • PriceOn request
  • Range5 products listed by Suruchi
Chhole Masala
Product 03 / 05

Biryani Masala

  • CategoryMasala
  • PriceOn request
  • Range5 products listed by Suruchi
Biryani Masala
Product 04 / 05

Aloo Begun Masala

  • CategoryMasala
  • PriceOn request
  • Range5 products listed by Suruchi
Aloo Begun Masala
Product 05 / 05

Jaljira Masala

  • CategoryMasala
  • PriceOn request
  • Range5 products listed by Suruchi
Jaljira Masala
1 / 5
02 · FY24 accounts · Mumbai

Empire Spices And Foods Limited

Empire Spices & Foods

Empire Spices & Foods owns the brands Rambandhu, Spice One and Temptin. It is engaged in production and marketing of packaged spices and spice powder mixes, ketchups, etc. Claims to be catering to the markets in 10 states in west and central India.

Empire Spices And Foods Limited is a public company incorporated in 1994, with its registered office in Mumbai, Maharashtra, classified under food & beverages. In FY24 it reported revenue of ₹295 crore, down 1% on the year before, with a net margin of 4.6%.

  • Revenue (FY24)₹295 crore
  • Growth vs prior year−1%
  • Net margin4.6%
  • Net worth₹95.1 crore
  • Paid-up capital₹4.8 crore
  • AreaMumbai
  • Incorporated1994 · Public company
  • Secured loans3 open
  • Key peopleUmesh Rathi (Managing Director)
Founders & leadershipUUmesh Rathi1 person
UR
Umesh Rathi
Managing Director
    03 · FY25 accounts · Mumbai

    Swani Spice Mills Pvt Ltd

    If Food Be The Spice Of Life, Flavor It With Variety - Swani Chefs Tickled The Palate In Infinite Ways, Depending On The Cuisine Of The Local Regions. This Helped Open The Minds Of Various Ethnic Groups Around The World To Sample, Taste And Appreciate The Foods And Flavours From Tropical Lands, Where The All Spices Grow. Spices, And Especially Pepper Which Was Termed “black Gold” In The Mediaeval Times, Is What Brought The Portuguese To India, And Sent Christopher Columbus Searching In The Wrong Direction, And He Landed In America Instead Of India. Such Was The Passion For Spices.

    Swani Spice Mills Pvt Ltd is a private company incorporated in 1992, with its registered office in Mumbai, Maharashtra, classified under food & beverages. In FY25 it reported revenue of ₹270 crore, up 14% on the year before, with a net margin of 2.2%.

    • Revenue (FY25)₹270 crore
    • Growth vs prior year+14%
    • Net margin2.2%
    • Net worth₹81.3 crore
    • Paid-up capital₹30 lakh
    • AreaMumbai
    • Incorporated1992 · Private company
    • Secured loans13 open
    • OffersTurmeric Finger & Powder, Red Chillies, Coriander Seeds, Fennel Seed
    Directors on recordAmrita Kuldipsingh Swani, Kirandip Singh Kuldip Singh Swani, Harjivsingh Kirandipsingh Swani5 directors
    • Amrita Kuldipsingh SwaniDirector · since 1992
    • Kirandip Singh Kuldip Singh SwaniManaging Director · since 1992
    • Harjivsingh Kirandipsingh SwaniDirector · since 2002
    • Parneet Singh SwaniDirector · since 2004
    • Harvinder Kirandip Singh SwaniDirector · since 2019
    ProductsTurmeric Finger & Powder, Red Chillies +35 products
    Product 01 / 05

    Turmeric Finger & Powder

    • CategoryHerbs,Sticks and Roots
    • PriceOn request
    • Range5 products listed by Swani Spice Mills Pvt Ltd
    Turmeric Finger & Powder
    Product 02 / 05

    Red Chillies

    • CategoryHerbs,Sticks and Roots
    • PriceOn request
    • Range5 products listed by Swani Spice Mills Pvt Ltd
    Red Chillies
    Product 03 / 05

    Coriander Seeds

    • CategoryHerbs,Sticks and Roots
    • PriceOn request
    • Range5 products listed by Swani Spice Mills Pvt Ltd
    Coriander Seeds
    Product 04 / 05

    Fennel Seed

    • CategoryHerbs,Sticks and Roots
    • PriceOn request
    • Range5 products listed by Swani Spice Mills Pvt Ltd
    Fennel Seed
    Product 05 / 05

    Cumin Seeds

    • CategoryHerbs,Sticks and Roots
    • PriceOn request
    • Range5 products listed by Swani Spice Mills Pvt Ltd
    Cumin Seeds
    1 / 5
    04 · FY25 accounts · Mumbai

    Quality Spices & Food Exports Private Limited

    It is a company founded in 2008 that specializes in exporting spices and food products, offering authentic recipes to match traditional tastes. With a focus on quality, they provide a wide range of Indian spices for cooking enthusiasts worldwide.

    Quality Spices & Food Exports Private Limited is a private company incorporated in 2008, with its registered office in Mumbai, Maharashtra, classified under food & beverages. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.

    • Revenue (FY25)
    • Growth vs prior year
    • Net margin
    • Net worth
    • Paid-up capital
    • AreaMumbai
    • Incorporated2008 · Private company
    • Key peopleP Soni (Co-Founder); Shreyas Shah (Co-Founder)
    Founders & leadershipPSP Soni, Shreyas Shah2 people
    PS
    P Soni
    Co-Founder
    Currently Founder
      SS
      Shreyas Shah
      Co-Founder
      Currently Founder
        ProductsKitchen King Masala, Pav Bhaji Masala +46 products
        Product 01 / 06

        Kitchen King Masala

        • CategoryMango Pickle
        • PriceOn request
        • Range15 products listed by Quality Spices
        Kitchen King Masala
        Product 02 / 06

        Pav Bhaji Masala

        • CategoryMango Pickle
        • PriceOn request
        • Range15 products listed by Quality Spices
        Pav Bhaji Masala
        Product 03 / 06

        Goda Masala

        • CategoryMango Pickle
        • PriceOn request
        • Range15 products listed by Quality Spices
        Goda Masala
        Product 04 / 06

        Mutton Masala

        • CategoryMango Pickle
        • PriceOn request
        • Range15 products listed by Quality Spices
        Mutton Masala
        Product 05 / 06

        Sambar Masala

        • CategoryMango Pickle
        • PriceOn request
        • Range15 products listed by Quality Spices
        Sambar Masala
        Product 06 / 06

        Blended Spices

        • PriceOn request
        • Range15 products listed by Quality Spices
        Blended Spices
        1 / 6
        05 · FY25 accounts · Mumbai

        Sharmili Spices Private Limited

        Exporter of a wide range of spices, oil seeds, food grains, herbs, pulses, raisins, vegetables, and papads.

        Sharmili Spices Private Limited is a private company incorporated in 2005, with its registered office in Mumbai, Maharashtra, classified under agriculture & farming. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.

        • Revenue (FY25)
        • Growth vs prior year
        • Net margin
        • Net worth
        • Paid-up capital
        • AreaMumbai
        • Incorporated2005 · Private company
        • Secured loans6 open
        Directors on recordHarshit Kailash Bhinde, Poonam Harshit Bhinde2 directors
        • Harshit Kailash BhindeDirector · since 2014
        • Poonam Harshit BhindeDirector · since 2018
        Financials locked for 2 of 5 bigger spice manufacturersRevenue, growth, margin and net worth for every one of them are in Fliar Radar.
        Unlock in Radar

        Mid-size companies

        ₹10–100 crore · 9 spice manufacturers
        01 · FY25 accounts · Aurangabad

        Ravi Pickles And Spices India Private Limited

        Ravi Masale

        Ravi Masale is a private label brand for processed and packaged foods. Offerings include pickles, spices, instant mixes, papads, blended spices, sweets and ketchup. Claims to be ISO 22000-2005 certified. Operates through an offline retail channel

        Ravi Pickles And Spices India Private Limited is a private company incorporated in 2012, with its registered office in Aurangabad, Maharashtra, classified under wholesale trade. In FY25 it reported revenue of ₹64.9 crore, down 36% on the year before, with a net margin of 3.3%.

        • Revenue (FY25)₹64.9 crore
        • Growth vs prior year−36%
        • Net margin3.3%
        • Net worth₹16.4 crore
        • Paid-up capital₹2 crore
        • AreaAurangabad
        • Incorporated2012 · Private company
        • Brand founded1981
        • Secured loans10 open
        Directors on recordFulchand Chandrakant Jain, Ajeet Chandrakant Jain, Ravindra Chandrakant Jain4 directors
        • Fulchand Chandrakant JainDirector · since 2012
        • Ajeet Chandrakant JainDirector · since 2012
        • Ravindra Chandrakant JainDirector · since 2012
        • Ashok Chandrakant JainDirector · since 2012
        02 · FY25 accounts · Wardha

        Shreeganesh Spice Enterprises Private Limited

        Suruchi

        Suruchi Spices is a brand offering Indian spices and spice powder mixes in packaged form. It has also diversified into papad, processed items like pickles, ketchups, and ready to cook mixes for Indian snacks and sweets like dhokla, dosa, jalebi, gulab jamun, etc. The company caters primarily to the market in central India and also has presences in West Bengal, Bihar, Orissa and Jammu & Kashmir.

        Shreeganesh Spice Enterprises Private Limited is a private company incorporated in 2020, with its registered office in Wardha, Maharashtra, classified under food & beverages. In FY25 it reported revenue of ₹62.5 crore, down 7% on the year before, with a net margin of 0.4%.

        • Revenue (FY25)₹62.5 crore
        • Growth vs prior year−7%
        • Net margin0.4%
        • Net worth₹11.2 crore
        • Paid-up capital₹8 crore
        • AreaWardha
        • Incorporated2020 · Private company
        • Brand founded1990
        • Key peopleRavi Jain (CEO)
        Founders & leadershipRRavi Jain1 person
        RJ
        • ProfileManaging Director-Suruchi Spices Pvt. Ltd
        03 · FY25 accounts · Mumbai

        Sami Spices And Herbs Private Limited.

        Manufacturer of elevator control panels and components. This company designs and produces interface components for elevators, including landing and car operator panels, floor position indicators, push buttons, and emergency equipment. They offer various panel options, such as pre-wired parallel and CANBUS systems, and customizable designs. The product line also encompasses administration equipment and decorative design elements. The manufacturing process includes in-house production of mechanical parts, plastic injection molding, and sheet metal processing.

        Sami Spices And Herbs Private Limited. is a private company incorporated in 2008, with its registered office in Mumbai, Maharashtra, classified under agriculture & farming. In FY25 it reported revenue of ₹56.1 crore, down 1% on the year before, with a net margin of 1.3%.

        • Revenue (FY25)₹56.1 crore
        • Growth vs prior year−1%
        • Net margin1.3%
        • Net worth₹7.6 crore
        • Paid-up capital₹3 crore
        • AreaMumbai
        • Incorporated2008 · Private company
        • Brand founded1991
        • Secured loans1 open
        • Key peopleMuhammed Majeed (Founder & Chairman)
        Founders & leadershipMMuhammed Majeed1 person
        MM
        Muhammed Majeed
        Founder & Chairman
        LinkedIn profile ↗
        Currently Founder
        • ProfileFounder Sami, Sabinsa Group. St John's University PhD 1986
        • EducationSt. John's University
        • Companieslinked to 2 companies
        • LinkedIn2K followers · Bangalore Urban, Karnataka, India
        04 · FY24 accounts · Mumbai

        M M Poonjiaji Spices Limited

        The place, India. The year, 1883 . The man, M.

        M M Poonjiaji Spices Limited is a public company incorporated in 1999, with its registered office in Mumbai, Maharashtra, classified under food & beverages. Its latest accounts on file are for FY24; revenue, growth and margin are locked below.

        • Revenue (FY24)
        • Growth vs prior year
        • Net margin
        • Net worth
        • Paid-up capital
        • AreaMumbai
        • Incorporated1999 · Public company
        • Secured loans5 open
        • OffersReady To Cook Gravies, Pickles, Ready Eat Snacks, Sliced Mango Pickle
        Directors on recordRavindra Kumar, Sanjiv Vedprakash Arora, Vinod Kumar Srivastava3 directors
        • Ravindra KumarManaging Director · since 1999
        • Sanjiv Vedprakash AroraAdditional Director · since 2015
        • Vinod Kumar SrivastavaAdditional Director · since 2021
        ProductsReady To Cook Gravies, Pickles +46 products
        Product 01 / 06

        Ready To Cook Gravies

        • PriceOn request
        • Range15 products listed by M M Poonjiaji Spices
        Ready To Cook Gravies
        Product 02 / 06

        Pickles

        • PriceOn request
        • Range15 products listed by M M Poonjiaji Spices
        Pickles
        Product 03 / 06

        Ready Eat Snacks

        • PriceOn request
        • Range15 products listed by M M Poonjiaji Spices
        Ready Eat Snacks
        Product 04 / 06

        Sliced Mango Pickle

        • PriceOn request
        • Range15 products listed by M M Poonjiaji Spices
        Sliced Mango Pickle
        Product 05 / 06

        Pastes & Marinades

        • PriceOn request
        • Range15 products listed by M M Poonjiaji Spices
        Pastes & Marinades
        Product 06 / 06

        Major Grey Mango Chutney

        • PriceOn request
        • Range15 products listed by M M Poonjiaji Spices
        Major Grey Mango Chutney
        1 / 6
        05 · FY25 accounts · Mumbai

        Shri Ram Spices Private Limited

        Shri Ram Spices Pvt.Ltd. is a company that specializes in the production and trading of a variety of spices, dry fruits, and other food products. The company's product range includes whole spices, spice blends, and dry fruits, which are sourced from local and international suppliers. With a focus on quality and customer satisfaction, Shri Ram Spices Pvt.Ltd. caters to both domestic and international markets, providing a range of products that cater to different culinary needs.

        Shri Ram Spices Private Limited is a private company incorporated in 1989, with its registered office in Mumbai, Maharashtra, classified under wholesale trade. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.

        • Revenue (FY25)
        • Growth vs prior year
        • Net margin
        • Net worth
        • Paid-up capital
        • AreaMumbai
        • Incorporated1989 · Private company
        • Brand founded1984
        • Secured loans4 open
        Directors on recordDipti Ashok Karia, Dhrumil Ashok Karia, Seema Dinesh Kanabar3 directors
        • Dipti Ashok KariaDirector · since 1989
        • Dhrumil Ashok KariaDirector · since 2016
        • Seema Dinesh KanabarDirector · since 2019
        ProductsKaju Bl.Peppar Fry, Kaju Pl 240 +24 products
        Product 01 / 04

        Kaju Bl.Peppar Fry

        • CategoryFilled Dry Fruit Gift Box
        • PriceOn request
        • Range4 products listed by Shri Ram Spices
        Kaju Bl.Peppar Fry
        Product 02 / 04

        Kaju Pl 240

        • CategoryFilled Dry Fruit Gift Box
        • PriceOn request
        • Range4 products listed by Shri Ram Spices
        Kaju Pl 240
        Product 03 / 04

        Badam Plain

        • CategoryFilled Dry Fruit Gift Box
        • PriceOn request
        • Range4 products listed by Shri Ram Spices
        Badam Plain
        Product 04 / 04

        Charoli Fruit

        • CategoryFilled Dry Fruit Gift Box
        • PriceOn request
        • Range4 products listed by Shri Ram Spices
        Charoli Fruit
        1 / 4
        06 · FY25 accounts · Mumbai

        Masala King Exports Trading Private Limited

        Masala King Trading

        Brand of rice, pulses, spices, pickles, flour, nuts, and dry fruits

        Masala King Exports Trading Private Limited is a private company incorporated in 2009, with its registered office in Mumbai, Maharashtra, classified under business services (consulting, advertising, staffing). Its latest accounts on file are for FY25; revenue, growth and margin are locked below.

        • Revenue (FY25)
        • Growth vs prior year
        • Net margin
        • Net worth
        • Paid-up capital
        • AreaMumbai
        • Incorporated2009 · Private company
        • Brand founded1984
        • Secured loans1 open
        Directors on recordVandana Dhananjay Datar, Dhananjay Mhadhavrao Datar2 directors
        • Vandana Dhananjay DatarDirector · since 2009
        • Dhananjay Mhadhavrao DatarDirector · since 2009
        ProductsPooja Agarbati, Dal Beans And Pulses +35 products
        Product 01 / 05

        Pooja Agarbati

        • PriceOn request
        • Range5 products listed by Masala King Trading
        Pooja Agarbati
        Product 02 / 05

        Dal Beans And Pulses

        • PriceOn request
        • Range5 products listed by Masala King Trading
        Dal Beans And Pulses
        Product 03 / 05

        Soaps And Beauty Care

        • PriceOn request
        • Range5 products listed by Masala King Trading
        Soaps And Beauty Care
        Product 04 / 05

        Food Spices

        • PriceOn request
        • Range5 products listed by Masala King Trading
        Food Spices
        Product 05 / 05

        Ambemohar Rice

        • PriceOn request
        • Range5 products listed by Masala King Trading
        Ambemohar Rice
        1 / 5
        Financials locked for 6 of 9 mid-size spice manufacturersRevenue, growth, margin and net worth for every one of them are in Fliar Radar.
        Unlock in Radar

        Smaller companies

        under ₹10 crore · 5 spice manufacturers
        01 · FY25 accounts · Mumbai

        Mangal Masala Private Limited

        Mangalmasala

        Manufacturer and distributor of authentic Indian spices and pastes. It produces a variety of spice blends, powders, and pastes using traditional methods and high-quality ingredients. The company offers products for both home cooks and professional chefs, focusing on delivering the authentic flavors of India. Its products are sourced from reputable suppliers and processed using a low-temperature grinding process to preserve their freshness and aroma. The company maintains a commitment to quality and traditional methods throughout its production process.

        Mangal Masala Private Limited is a private company incorporated in 2009, with its registered office in Mumbai, Maharashtra, classified under food & beverages. In FY25 it reported revenue of ₹4.8 crore, up 5% on the year before, with a net margin of 0.6%.

        • Revenue (FY25)₹4.8 crore
        • Growth vs prior year+5%
        • Net margin0.6%
        • Net worth₹61.3 lakh
        • Paid-up capital₹1 lakh
        • AreaMumbai
        • Incorporated2009 · Private company
        • Brand founded1999
        Directors on recordMahesh Chandrakant Patel, Jagdish Rambhai Patel, Anish Jagdish Patel3 directors
        • Mahesh Chandrakant PatelDirector · since 2009
        • Jagdish Rambhai PatelDirector · since 2009
        • Anish Jagdish PatelDirector · since 2009
        ProductsTava Spice Mix, Tikka Spice Mix +35 products
        Product 01 / 05

        Tava Spice Mix

        • Price₹60 per pack
        • Range5 products listed by Mangalmasala
        Tava Spice Mix
        Product 02 / 05

        Tikka Spice Mix

        • Price₹60 per kg
        • Range5 products listed by Mangalmasala
        Tikka Spice Mix
        Product 03 / 05

        Extra Hot

        • Price₹60 per pack
        • Range5 products listed by Mangalmasala
        Extra Hot
        Product 04 / 05

        Malvani Masala

        • Price₹7 per pack
        • Range5 products listed by Mangalmasala
        Malvani Masala
        Product 05 / 05

        Vindaloo Masala

        • PriceOn request
        • Range5 products listed by Mangalmasala
        Vindaloo Masala
        1 / 5
        02 · FY25 accounts · Pune

        Kamdhenu Pickls And Spices Industries Pvt. Ltd.

        Kamdhenu Pickles & Spices

        A brand owned by Navalakha Group. Pickles, spices, blended spices, premium spices, papads, flattened rice, and crushed gooseberry are some of the products manufactured and retailed under the brand name Kamdhenu. Apart from spices, offer products like cummin, sesame and mustard seeds to the export market in Middle east, some parts of Far east and in Europe.

        Kamdhenu Pickls And Spices Industries Pvt. Ltd. is a private company incorporated in 1986, with its registered office in Pune, Maharashtra, classified under food & beverages. In FY25 it reported revenue of ₹4.1 crore, up 7% on the year before, with a net margin of −50.4%.

        • Revenue (FY25)₹4.1 crore
        • Growth vs prior year+7%
        • Net margin−50.4%
        • Net worth−₹4.9 crore
        • Paid-up capital₹4.9 crore
        • AreaPune
        • Incorporated1986 · Private company
        • Brand founded1983
        • Secured loans7 open
        • Key peopleDhananjay Navalakha (Managing Director)
        Founders & leadershipDDhananjay Navalakha1 person
        DN
        Dhananjay Navalakha
        Managing Director
          ProductsLemon And Chilli Mix Pickle, Mix Pickle +35 products
          Product 01 / 05

          Lemon And Chilli Mix Pickle

          • CategorySambar Powder
          • Price₹115 per kilogram
          • Range5 products listed by Kamdhenu Pickles & Spices
          Lemon And Chilli Mix Pickle
          Product 02 / 05

          Mix Pickle

          • CategorySambar Powder
          • Price₹115 per kilogram
          • Range5 products listed by Kamdhenu Pickles & Spices
          Mix Pickle
          Product 03 / 05

          Amla Candy

          • CategorySambar Powder
          • Price₹180 per kilogram
          • Range5 products listed by Kamdhenu Pickles & Spices
          Amla Candy
          Product 04 / 05

          Mango Pickle

          • CategorySambar Powder
          • Price₹115 per kilogram
          • Range5 products listed by Kamdhenu Pickles & Spices
          Mango Pickle
          Product 05 / 05

          Kokam Amla Candy

          • CategorySambar Powder
          • PriceOn request
          • Range5 products listed by Kamdhenu Pickles & Spices
          Kokam Amla Candy
          1 / 5
          03 · FY25 accounts · Mumbai

          Shree Balaji Gums And Spice Stuff Private Limited

          Neej is a leading Manufacturer based in Mumbai. Established in 1993, we are committed to delivering quality products and services.

          Shree Balaji Gums And Spice Stuff Private Limited is a private company incorporated in 1993, with its registered office in Mumbai, Maharashtra, classified under food & beverages. In FY25 it reported revenue of ₹3.7 crore, down 65% on the year before, with a net margin of 0.5%.

          • Revenue (FY25)₹3.7 crore
          • Growth vs prior year−65%
          • Net margin0.5%
          • Net worth₹5.9 crore
          • Paid-up capital₹50 lakh
          • AreaMumbai
          • Incorporated1993 · Private company
          • Secured loans3 open
          • OffersGreen Cardamom Seed, Large Cardamom, Methi Dana, Dry Black Pepper
          Directors on recordBharat Ratansey Maskai, Trupti Bharat Maskai, Ranveer Sharma4 directors
          • Bharat Ratansey MaskaiManaging Director · since 1993
          • Trupti Bharat MaskaiDirector · since 1994
          • Ranveer SharmaDirector · since 2015
          • Uma Ratansey MaskaiDirector · since 2015
          ProductsGreen Cardamom Seed, Large Cardamom +35 products
          Product 01 / 05

          Green Cardamom Seed

          • CategoryDhaniya Powder
          • Price₹2,600 per kg
          • Range5 products listed by Shree Balaji Gums And Spice Stuff
          Green Cardamom Seed
          Product 02 / 05

          Large Cardamom

          • CategoryDhaniya Powder
          • Price₹560 per kg
          • Range5 products listed by Shree Balaji Gums And Spice Stuff
          Large Cardamom
          Product 03 / 05

          Methi Dana

          • CategoryDhaniya Powder
          • Price₹55 per kg
          • Range5 products listed by Shree Balaji Gums And Spice Stuff
          Methi Dana
          Product 04 / 05

          Coriander Seed

          • CategoryDhaniya Powder
          • Price₹70 per kg
          • Range5 products listed by Shree Balaji Gums And Spice Stuff
          Coriander Seed
          Product 05 / 05

          Dry Black Pepper

          • CategoryDhaniya Powder
          • PriceOn request
          • Range5 products listed by Shree Balaji Gums And Spice Stuff
          Dry Black Pepper
          1 / 5
          04 · FY25 accounts · Mumbai

          Five Spice Restaurants Private Limited

          5 Spice Restaurant

          Provider of Chinese and multi cuisine restaurant services

          Five Spice Restaurants Private Limited is a private company incorporated in 1994, with its registered office in Mumbai, Maharashtra. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.

          • Revenue (FY25)
          • Growth vs prior year
          • Net margin
          • Net worth
          • Paid-up capital
          • AreaMumbai
          • Incorporated1994 · Private company
          • Brand founded2008
          • Secured loans1 open
          Directors on recordSachin Nagarkar, Nitin Zunjarrao Nagarkar, Sheetal Sachin Nagarkar3 directors
          • Sachin NagarkarDirector · since 1994
          • Nitin Zunjarrao NagarkarDirector · since 1994
          • Sheetal Sachin NagarkarDirector · since 2001
          05 · FY18 accounts · Nagpur

          Sudhamrut Spices And Foods Private Limited

          Manufacturer and Exporter of Indian spices, whole spices and chili powders.

          Sudhamrut Spices And Foods Private Limited is a private company incorporated in 2017, with its registered office in Nagpur, Maharashtra, classified under business services (consulting, advertising, staffing). Its latest accounts on file are for FY18; revenue, growth and margin are locked below.

          • Revenue (FY18)
          • Growth vs prior year
          • Net margin
          • Net worth
          • Paid-up capital
          • AreaNagpur
          • Incorporated2017 · Private company
          • Brand founded2009
          Directors on recordAshwinikumar Anant Sovani, Krushnanand Vasant Shirpurkar2 directors
          • Ashwinikumar Anant SovaniDirector · since 2017
          • Krushnanand Vasant ShirpurkarDirector · since 2017
          ProductsPaneer Masala Powder, Satwik Veg Masala +35 products
          Product 01 / 05

          Paneer Masala Powder

          • CategoryRed Chilli Powder
          • Price₹10 per pack
          • Range5 products listed by Sudhamrut Spices
          Paneer Masala Powder
          Product 02 / 05

          Satwik Veg Masala

          • CategoryRed Chilli Powder
          • Price₹10 per packet
          • Range5 products listed by Sudhamrut Spices
          Satwik Veg Masala
          Product 03 / 05

          Pav Bhaji Masala

          • CategoryRed Chilli Powder
          • Price₹10 per packet
          • Range5 products listed by Sudhamrut Spices
          Pav Bhaji Masala
          Product 04 / 05

          Chole Masala

          • CategoryRed Chilli Powder
          • Price₹10 per packet
          • Range5 products listed by Sudhamrut Spices
          Chole Masala
          Product 05 / 05

          All In One Masala

          • CategoryRed Chilli Powder
          • PriceOn request
          • Range5 products listed by Sudhamrut Spices
          All In One Masala
          1 / 5
          Financials locked for 2 of 5 smaller spice manufacturersRevenue, growth, margin and net worth for every one of them are in Fliar Radar.
          Unlock in Radar

          Standout spice manufacturers in Maharashtra

          Spice manufacturers with at least ₹5 crore of revenue: the fastest growing (two consecutive years on file) and the most profitable.

          Fastest growing
          CompanyRevenueGrowth
          Sharmili Spices Private Limited
          Shahi Spices India Private Limited
          Quality Spices & Food Exports Private Limited
          Shri Ram Spices Private Limited
          Swani Spice Mills Pvt Ltd₹270 crore+14%
          M M Poonjiaji Spices Limited
          Suruchi Spices Private Limited₹358 crore+10%
          Btl Herbs And Spices Private Limited
          Highest margins
          CompanyRevenueNet margin
          Shahi Spices India Private Limited
          Quality Spices & Food Exports Private Limited
          Suruchi Spices Private Limited₹358 crore9.9%
          M M Poonjiaji Spices Limited
          Empire Spices And Foods Limited₹295 crore4.6%
          Ravi Pickles And Spices India Private Limited₹64.9 crore3.3%
          Jain Spices And Agro Products India Private Limited
          Swani Spice Mills Pvt Ltd₹270 crore2.2%
          Financials locked for 10 of 19 companiesRevenue, growth, margin and net worth for every one of them are in Fliar Radar.
          Unlock in Radar

          How big are they?

          Annual revenueCompaniesShare of filersShare of revenueProfitable
          Under ₹1 crore15%0%100%
          ₹1–10 crore421%1%50%
          ₹10–100 crore947%22%100%
          ₹100–1,000 crore526%77%100%

          Maharashtra against India

          MaharashtraIndia (spice manufacturers)
          Companies with accounts on file19102
          Median revenue₹37.5 crore₹25.7 crore
          Share reporting a profit89%81%
          Median net margin1.3%1.2%
          Median revenue growth+7%+8%
          Employee cost as share of revenue4%5%
          Companies with a secured loan20.8%18.3%
          Top-10 share of revenue94%70%

          Who lends to Maharashtra's spice manufacturers

          Secured loans registered against company assets. The median open loan is ₹1 crore.

          LenderCompaniesLoansOpen borrowings
          Union Bank Of India718₹21.4 crore
          HDFC Bank717₹188 crore
          State Bank Of India710₹86.5 lakh
          Axis Bank68₹58 crore
          Bank Of Baroda67₹18.5 crore
          Kotak Mahindra Bank67₹8 crore
          ICICI Bank511₹8 crore
          Standard Chartered Bank47₹11 crore

          Frequently asked questions

          How many spice manufacturers are there in Maharashtra?

          The register lists 259 active spice manufacturers in Maharashtra; 19 have filed accounts and 16 are tracked in Radar.

          What is the biggest of the spice manufacturers in Maharashtra?

          By latest revenue: Suruchi Spices Private Limited (₹358 crore, FY24); Empire Spices And Foods Limited (₹295 crore, FY24); Swani Spice Mills Pvt Ltd (₹270 crore, FY25).

          How much revenue do spice manufacturers in Maharashtra generate?

          The 19 companies with accounts on file reported ₹1,586 crore in their latest year; the median is ₹37.5 crore and the top ten make up 94%.

          Are spice manufacturers in Maharashtra profitable?

          89% of filers reported a profit and the median net margin is 1.3%; median revenue growth is +7%.

          Which city in Maharashtra has the most spice manufacturers?

          Mumbai (107); Thane (38); Pune (33).

          Which banks lend to spice manufacturers in Maharashtra?

          Union Bank Of India (7 companies); HDFC Bank (7 companies); State Bank Of India (7 companies); Axis Bank (6 companies).

          Companies come from the Ministry of Corporate Affairs register (active companies; incorporations through 2022). Revenue, profit and net worth are the latest statutory accounts on file for companies that file them, standalone where available; companies without accounts are not in revenue figures. Secured loans are charges registered against company assets. Hiring is from Fliar Radar job tracking. Directory figures come from business-directory listings collected in 2026 (reviews to 2021). Counts are a floor: some incorporation years are only partly covered.

          More about Maharashtra

          Other company and industry pages for the same city.

          Spice Manufacturers in other cities

          The same view for other cities, so you can compare.

          City photos from Wikimedia Commons, used under their open licences.

          Need to go deeper than a city?

          Fliar Prism answers any market, company or research question with the same depth — real-time, across every industry.

          Explore Fliar Prism →