The nutmeg tree (Myristica fragrans) is a tropical evergreen that produces both nutmegand mace. Mace is the red lacy coating (called the aril) that encases the nutmeg seed. When the tree's fruit reaches maturity, it splits open and reveals the aril and seed. About the Company GST Registration Date: Jul 2017 Legal Status of Firm: Partnership Number of Employees: 11 To 25 People Annual Turnover: 1.5 - 5 Cr