₹16,009 crore of revenue reported in the latest year (mostly FY25) by the 102 of India's 1,585 spice manufacturers with accounts on file. The ten largest produce 70% of it; the typical filer earns ₹25.7 crore.
Active companies
1,585
spice manufacturers on the register
Reported revenue
₹16,009 crore
102 companies with accounts
Profitable
81%
of filers · India 81%
Secured loans
18.3%
of companies have one on record
What stands out about India's spice manufacturers
01
Revenue
₹16,009 crore
of revenue reported in the latest year (mostly FY25) by the 102 of India's 1,585 spice manufacturers with accounts on file. The ten largest produce 70% of it; the typical filer earns ₹25.7 crore.
02
Profitability
81%
of filers reported a profit (India, same segment: 81%); the median net margin is 1.2% against 1.2% nationally.
03
Growth
+8%
median revenue growth across 99 companies with two consecutive years on file (India: +8%); 14 grew by more than half and 35 shrank. Only companies still filing are counted.
04
Labour cost
5%
of revenue goes on employee cost for the median filer (5% nationally), about the same labour intensity as across India.
05
Funding
6
spice manufacturers in India have outside funding on record at Fliar Radar (investment, incubator or grant support). Most frequent backers: Adinn (1), Asian Development Bank (1), Impact Fund Denmark (1).
06
Lending
18.3%
of India spice manufacturers have a secured loan on record (India: 18.3%). Most frequent lenders: HDFC Bank (50), State Bank Of India (41), Canara Bank (29). Open borrowings against company assets total ₹3,412 crore.
07
Where the money is
36%
of reported revenue comes from Tamil Nadu, which holds 8% of India's spice manufacturers.
Cities with the most spice manufacturers
Companies by the city or district of their registered address.
City
Companies
Share
Reported revenue
Share of revenue
Maharashtra
259
16.3%
₹1,586 crore
10%
Kerala
217
13.7%
₹1,113 crore
7%
Delhi
154
9.7%
₹1,691 crore
11%
Tamil Nadu
132
8.3%
₹5,728 crore
36%
Uttar Pradesh
129
8.1%
₹924 crore
6%
Karnataka
104
6.6%
₹2,708 crore
17%
Gujarat
93
5.9%
₹495 crore
3%
West Bengal
70
4.4%
₹30.4 crore
0%
Rajasthan
66
4.2%
₹269 crore
2%
Telangana
54
3.4%
₹2.8 crore
0%
Spice Manufacturers in India 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.
Manufacturer of authentic Indian spices and ready-to-cook meals. The company produces a wide variety of spices, masalas, pickles, rice, and ready-to-eat meal kits. Products are hygienically prepared and offered at competitive prices. The company focuses on providing high-quality products that reflect traditional South Indian flavors. A commitment to sustainable manufacturing practices is also a key aspect of the business.
Aachi Masala Foods Private Limited is a private company incorporated in 2006, with its registered office in Tamil Nadu, India, classified under food & beverages. In FY25 it reported revenue of ₹2,161 crore, down 5% on the year before, with a net margin of 2.3%.
Revenue (FY25)₹2,161 crore
Growth vs prior year−5%
Net margin2.3%
Net worth₹469 crore
Paid-up capital₹55.7 crore
AreaTamil Nadu
Incorporated2006 · Private company
Brand founded1995
Secured loans15 open
Key peopleA Isaac (Founder & Managing Director & Chairman)
OffersSliced Onions, Tomatoes, Green Chilies, Egg Pieces
Manufacturer of pure spices, spice blends, and masala powders. The company produces a variety of spice powders, including turmeric, chili, and coriander, as well as various masala powders for different cuisines. It also offers a selection of spice mixes and flours, along with pickles. In addition to its core spice business, the company operates a charitable trust providing community development services, including support for the physically challenged and educational assistance. The company also offers recipes using its products.
Sakthi Masala Private Limited is a private company incorporated in 1997, with its registered office in Tamil Nadu, India, classified under food & beverages. In FY24 it reported revenue of ₹2,088 crore, up 7% on the year before, with a net margin of 5.0%.
Revenue (FY24)₹2,088 crore
Growth vs prior year+7%
Net margin5.0%
Net worth₹1,512 crore
Paid-up capital₹81.1 lakh
AreaTamil Nadu
Incorporated1997 · Private company
Directors on recordPerundurai Chennimalaigounder Duraisamy, Santhi Duraisamy2 directors
Perundurai Chennimalaigounder DuraisamyManaging Director · since 1997
Santhi DuraisamyWholetime Director · since 1997
ProductsBiryani Masala, Chicken Masala +46 products
Product 01 / 06
Biryani Masala
CategoryRed Chilli Powder
Price₹30 per pack
Range15 products listed by Sakthi Masala
Product 02 / 06
Chicken Masala
CategoryRed Chilli Powder
Price₹26 per pack
Range15 products listed by Sakthi Masala
Product 03 / 06
Fish Fry Masala
CategoryRed Chilli Powder
Price₹50 per pack
Range15 products listed by Sakthi Masala
Product 04 / 06
Egg Kuruma Masala
CategoryRed Chilli Powder
PriceOn request
Range15 products listed by Sakthi Masala
Product 05 / 06
Mutton Masala
CategoryRed Chilli Powder
PriceOn request
Range15 products listed by Sakthi Masala
Product 06 / 06
Mutton Chukka Masala
CategoryChicken Masala
PriceOn request
Range15 products listed by Sakthi Masala
1 / 6
03 · FY25 accounts · Delhi
D
Ds Spiceco Private Limited
Provider of of meat, fish, fruit vegetables, oils and fats
Ds Spiceco Private Limited is a private company incorporated in 2013, with its registered office in Delhi, India, classified under food & beverages. In FY25 it reported revenue of ₹1,490 crore, up 19% on the year before, with a net margin of 4.4%.
Revenue (FY25)₹1,490 crore
Growth vs prior year+19%
Net margin4.4%
Net worth₹261 crore
Paid-up capital₹3.9 crore
AreaDelhi
Incorporated2013 · Private company
Secured loans1 open
Key peopleMukta Bhargava (Co-Founder)
Directors on recordMukta Bhargava, Dharmendra Varshney, Yugnesh Kumar Agrawal6 directors
Mukta BhargavaWholetime Director · since 2014
Dharmendra VarshneyWholetime Director · since 2016
Processor & exporter of coffee. Its products includes green, roasted, instant & flavored coffee beans, premixes, coffee capsules, and filter coffee. The company's coffee emphasizes giving back to society and supporting community development in its operational areas.
Sln Coffee And Spices Exports Private Limited is a private company incorporated in 2016, with its registered office in Karnataka, India, classified under wholesale trade. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaKarnataka
Incorporated2016 · Private company
Brand founded1998
BackingUnattributed 2025
Secured loans3 open
Key peopleNarayanan Sathappan (Managing Director); N Viswanathan (Managing Director)
Founders & leadershipNNSNNarayanan Sathappan, N Viswanathan, Sahib Singh +14 people
Manufacturer of pure spices, spice blends, and masala powders. The company produces a variety of spice powders, including turmeric, chili, and coriander, as well as various masala powders for different cuisines. It also offers a selection of spice mixes and flours, along with pickles. In addition to its core spice business, the company operates a charitable trust providing community development services, including support for the physically challenged and educational assistance. The company also offers recipes using its products.
Sakthi Aromatic Masalas Private Limited is a private company incorporated in 2002, with its registered office in Tamil Nadu, India, classified under food & beverages. Its latest accounts on file are for FY21; revenue, growth and margin are locked below.
Revenue (FY21)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaTamil Nadu
Incorporated2002 · Private company
Brand founded1997
Directors on recordSanthi Duraisamy, Duraisamy Senthilkumar2 directors
Santhi DuraisamyManaging Director · since 2003
Duraisamy SenthilkumarWholetime Director · since 2003
Exporters & manufacturers of whole and processed spices
Vijayakrishna Spices Private Limited is a private company incorporated in 2014, with its registered office in Karnataka, India, classified under food & beverages. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Akay Spices Private Limited is a private company incorporated in 2012, with its registered office in Kerala, India, classified under food & beverages. In FY25 it reported revenue of ₹82.6 crore, up 10% on the year before, with a net margin of 0.1%.
Eastmade Spices And Herbs Private Limited is a private company incorporated in 2015, with its registered office in Gujarat, India, classified under agriculture & farming. In FY25 it reported revenue of ₹75.8 crore, up 17% on the year before, with a net margin of 2.2%.
Chiragkumar Patel PrahladbhaiDirector · since 2015
Chandulal Joitaram PatelDirector · since 2015
Rajabali Moriya SharifbhaiAdditional Director · since 2018
ProductsWatermelon Seed Magajtari, Green Cardamom Elaichi +35 products
Product 01 / 05
Watermelon Seed Magajtari
Price₹490 per kg
Range5 products listed by Eastmade Spices & Herbs
Product 02 / 05
Green Cardamom Elaichi
Price₹3,000 per kg
Range5 products listed by Eastmade Spices & Herbs
Product 03 / 05
Nigella Seeds (Kalonji, Black Cumin Seeds)
Price₹168 per kg
Range5 products listed by Eastmade Spices & Herbs
Product 04 / 05
Dill Seeds
Price₹130 per kilogram
Range5 products listed by Eastmade Spices & Herbs
Product 05 / 05
Cinnamon Sticks Dalchini
Price₹460 per kg
Range5 products listed by Eastmade Spices & Herbs
1 / 5
03 · FY25 accounts · Rajasthan
S
Shree Radhey Krishna Spices Private Limited
Shree Radhey Krishna Spices Private Limited is a private company incorporated in 2013, with its registered office in Rajasthan, India, classified under food & beverages. In FY25 it reported revenue of ₹70.6 crore, down 8% on the year before, with a net margin of 0.0%.
Revenue (FY25)₹70.6 crore
Growth vs prior year−8%
Net margin0.0%
Net worth₹1.6 crore
Paid-up capital₹1 lakh
AreaRajasthan
Incorporated2013 · Private company
Secured loans1 open
Directors on recordShyam Sunder Jaju, Dhanraj Jaju2 directors
Climate Naturals is a spice trading company that offers fresh cardamom, black pepper, nutmeg, and mace flower directly from the farm. They provide wholesale rates for purchasing spices in large quantities and offer white labelling services for brands looking to launch their own spice labels.
Climate Natural Spices Private Limited is a private company incorporated in 2020, with its registered office in Kerala, India, classified under food & beverages. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaKerala
Incorporated2020 · Private company
Brand founded2012
Secured loans2 open
OffersSpices
Directors on recordNibin Jose, Tony Mathew2 directors
Nibin JoseDirector · since 2020
Tony MathewDirector · since 2020
ProductsQueen Nazra Cardamom 7mm To…, Green Cardamom Elaichi +35 products
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 Maharashtra, India, classified under wholesale trade. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
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 Maharashtra, India, classified under food & beverages. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Established in the year 2000, we "Old Tree (A Brand Of Spice Herbals & Amenities Private Limited)" are the leading manufacturer and exporter of a wide range of Hotel Herbal Soap, Hotel Herbal Shampoo, Hotel Herbal Conditioner, Hotel Herbal Hair Cleanser, etc. Manufactured making use of supreme in class material and tools; these are in conformism with the guidelines defined by the market. Along with this, these are tested on a set of norms prior final delivery of the order.
Spice Herbals & Amenities Private Limited is a private company incorporated in 2015, with its registered office in Delhi, India, classified under retail trade. In FY25 it reported revenue of ₹5.9 crore, up 20% on the year before, with a net margin of 1.4%.
Revenue (FY25)₹5.9 crore
Growth vs prior year+20%
Net margin1.4%
Net worth₹34.2 lakh
Paid-up capital₹1 lakh
AreaDelhi
Incorporated2015 · Private company
Secured loans2 open
OffersHotel Toiletries 30ml pack, Hotel Hair Conditioner 20ml, Aqua Old…, Hotel Toiletries Set Aqua 20ml…, Hotel Toiletries Set 35ml Aloevera Neem
Directors on recordSameer Kohli, Neeru Kohli2 directors
Sameer KohliDirector · since 2015
Neeru KohliDirector · since 2015
ProductsHotel Toiletries 30ml pack, Hotel Hair Conditioner… +35 products
Product 01 / 05
Hotel Toiletries 30ml pack
CategoryHotel Guest Toiletries
Price₹6 per piece
Range5 products listed by Spice Herbals & Amenities
Product 02 / 05
Hotel Hair Conditioner 20ml, Aqua Old Tree
CategoryHotel Guest Toiletries
Price₹5 per piece
Range5 products listed by Spice Herbals & Amenities
Product 03 / 05
Hotel Toiletries Set Aqua 20ml (Shampoo, Conditioner, Bath gel, Moisturizer)
CategoryHotel Guest Toiletries
Price₹5 per piece
Range5 products listed by Spice Herbals & Amenities
Product 04 / 05
Hotel Toiletries Set 35ml Aloevera Neem
CategoryHotel Guest Toiletries
Price₹8 per piece
Range5 products listed by Spice Herbals & Amenities
Product 05 / 05
Body wash for Hotel Toiletries 35ml - Old Tree
CategoryHotel Guest Toiletries
Price₹8 per piece
Range5 products listed by Spice Herbals & Amenities
1 / 5
02 · FY25 accounts · Tamil Nadu
L
Lalahs Indian Spices And Food Private Limited
Lalahs Indian Spices And Food Private Limited is a private company incorporated in 1986, with its registered office in Tamil Nadu, India, classified under food & beverages. In FY25 it reported revenue of ₹5.9 crore, up 38% on the year before, with a net margin of 27.3%.
Manufacturer and exporter of spices, seasonings, and dehydrated vegetables. They offer a variety of products including whole spices, powdered spices, seasonings and flavors, dehydrated vegetables, spray-dried products, salt products, flavor ingredients, oleoresins, and essential oils. The company also produces Indian blended spices. Their production adheres to high-quality standards.
Amazon Spices Private Limited is a private company incorporated in 2013, with its registered office in Gujarat, India, classified under food & beverages. In FY25 it reported revenue of ₹5.8 crore, down 5% on the year before, with a net margin of 0.9%.
Gooddot Spices Private Limited is a private company incorporated in 2017, with its registered office in Rajasthan, India, classified under food & beverages. Its latest accounts on file are for FY24; revenue, growth and margin are locked below.
ProfileEx-Vezlay Foods. APTECH Computer Education MS
EducationIndira Gandhi National Open University
Companieslinked to 2 companies
Based inUdaipur
LinkedIn11K followers · Udaipur, Rajasthan, India
AboutI'm Harish Joshi, Co-Founder & CEO of Goodddot Spices Pvt. Ltd., dedicated to delivering
LanguagesHindi, English
AS
Abhishek Sinha
Co-Founder
Currently FounderAngel Investor
ProfileEx-Indian Revenue Service, Ministry of Defence of India. Pune University BE, National Academy of Legal Studies & Research (NALSAR) University Hyderabad MS
Prakash Spices manufacturers commonly used 100+ types of processed food and spices. Products come in multiple types of packaging. Products are available at offline stores and multiple e-commerce websites including Amazon, Bigbasket, Indiamart etc. Has 3k+ followers on Facebook, as of Sep'17.
Prakash Spices Private Limited is a private company incorporated in 1999, with its registered office in West Bengal, India, classified under food & beverages. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Revenue (FY25)XXXX
Growth vs prior yearXXXX
Net marginXXXX
Net worthXXXX
Paid-up capitalXXXX
AreaWest Bengal
Incorporated1999 · Private company
Brand founded2003
Key peopleSarthak Nowal (Managing Director)
OffersSPRINKLERS, RECIPES, ALL DAY FOOD SOLUTIONS, AJWAIN
Exporters & manufacturers of whole and processed spices
Vijayakrishna Spice Farms Private Limited is a private company incorporated in 1998, with its registered office in Karnataka, India, classified under agriculture & farming. Its latest accounts on file are for FY25; revenue, growth and margin are locked below.
Secured loans registered against company assets. The median open loan is ₹90 lakh.
Lender
Companies
Loans
Open borrowings
HDFC Bank
50
88
₹593 crore
State Bank Of India
41
65
₹157 crore
Canara Bank
29
62
₹323 crore
Bank Of Baroda
29
41
₹128 crore
Punjab National Bank
23
52
₹54.2 crore
Axis Bank
23
30
₹114 crore
Union Bank Of India
20
40
₹60.9 crore
Kotak Mahindra Bank
19
24
₹94.9 crore
Backed spice manufacturers in India
Companies with venture, private-equity, incubator or grant funding on Fliar Radar, most recent rounds first.
Company
Backing
Latest round
Backers on record
Named backers
SLN Coffee
Early Stage
Unattributed · 2025-09
–
–
Masala Box
Formerly VC-Backed
Angel · 2019-12
–
–
Cremica
Early Stage
Unattributed · 2016-06
–
–
Akay Group
PE-Backed
Unattributed · 2014-11
–
–
Paras Spices
Early Stage
Unattributed · 2011-05
1
–
The Spice Lab
VC-Backed
–
–
–
Frequently asked questions
How many spice manufacturers are there in India?
The register lists 1,585 active spice manufacturers in India; 102 have filed accounts and 93 are tracked in Radar.
What is the biggest of the spice manufacturers in India?
By latest revenue: Aachi Masala Foods Private Limited (₹2,161 crore, FY25); Sakthi Masala Private Limited (₹2,088 crore, FY24); Ds Spiceco Private Limited (₹1,490 crore, FY25).
How much revenue do spice manufacturers in India generate?
The 102 companies with accounts on file reported ₹16,009 crore in their latest year; the median is ₹25.7 crore and the top ten make up 70%.
Are spice manufacturers in India profitable?
81% of filers reported a profit and the median net margin is 1.2%; median revenue growth is +8%.
Which city in India has the most spice manufacturers?
Maharashtra (259); Kerala (217); Delhi (154).
Which banks lend to spice manufacturers in India?
HDFC Bank (50 companies); State Bank Of India (41 companies); Canara Bank (29 companies); Bank Of Baroda (29 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.
A Isaac1 person
KASHMIRI CHILLI POWDER, FENNEL POWDER +46 products
