India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,673 Suresh G Kare ₹1,100 Cr
Spa Holdings Private Limited
Spa Holdings Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Private Limited Company financial services
Revenue · FY 2025
₹12.72 Cr
▲ 75% YoY
Net profit · FY 2025
₹8.93 Cr
Net margin 70.2%
EBITDA · FY 2025
₹10.97 Cr
EBITDA margin 86.2%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹62 Lakh
Issued & subscribed
Company age
39 yrs
Est. 1987
Directors on board
3
As per MCA filings
GST registrations
1
None active
About Spa Holdings Private Limited
Data last updated:
Spa Holdings Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 16 November 1987 and has been in existence for over 39 years.
Its director Suresh G Kare is #1,673 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24230MH1987PTC045310. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹62 Lakh. It was formerly known as Spa Pharmaceuticals Private Limited. It is led by directors including Aruna Kare Suresh and Sundeep Vasant Bambolkar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 166 Cst Rd Vidyanagrimarg Kalina Santacruz East, Mumbai, Maharashtra, India – 400098.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.72 Cr, a growth of 75% compared to the previous year. For the same year it recorded a net profit of ₹8.93 Cr (net margin 70.2%) and EBITDA of ₹10.97 Cr (EBITDA margin 86.2%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 25% over five years.
Court records list 8 cases involving the company, including 7 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U24230MH1987PTC045310
Registration Number 045310
Incorporation Date 16 November 1987
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Recognitions & Rankings of Spa Holdings
Contact details
Spa Holdings Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address166 Cst Rd Vidyanagrimarg Kalina Santacruz East, Mumbai, Maharashtra, India – 400098
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Spa Holdings Private Limited, buy the company report.
Comprehensive company report
Spa Holdings Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Spa Holdings is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Spa Holdings Private Limited, buy the company report.
Financials of Spa Holdings Private Limited
FY 2025 filings availableSpa Holdings Private Limited reported revenue of ₹12.72 Cr (up 75% YoY) for FY 2025.
Revenue · FY 2025
₹12.72 Cr ▲ 75%
Net profit · FY 2025
₹8.93 Cr margin 70.2%
EBITDA · FY 2025
₹10.97 Cr margin 86.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 75%
3 years · compounded
▲ 23%
5 years · compounded
▲ 25%
EBITDA CAGR growth
1 year
▲ 94%
3 years · compounded
▲ 22%
5 years · compounded
▲ 26%
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 75% growth in the latest year. EBITDA rose 94% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹10.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹8.93 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 86.2% | ||||
| Net Profit Margin | 70.2% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Spa Holdings Private Limited, buy the company report.
Board of directors of Spa Holdings Private Limited
Spa Holdings has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aruna Kare Suresh | Director | 16 Nov 1987 | 38 Years 11 Months | Current |
| Sundeep Vasant Bambolkar | Director | 16 Nov 1987 | 38 Years 11 Months | Current |
| Suresh Govind Kare Also directs: Indoco Remedies Limited, Warren Remedies Private Limited, Indoco Capital Markets Limited and 1 more | Director | 01 Jun 1998 | 28 Years 4 Months | Current |
Peer comparison
Spa Holdings Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| VSS Investco Private Limited | ₹12.74 Cr (FY 2025) | 270.0% | New Delhi, Delhi, India | |||
| Arshia Finvest Private Limited | ₹12.73 Cr (FY 2025) | 46.0% | Hoshiarpur, Punjab, India | |||
| Spa Holdings Private Limitedthis company | ₹12.72 Cr (FY 2025) | ₹8.93 Cr | 70.2% | 75.0% | Mumbai, Maharashtra, India | |
| Lily Tie-Up Private Limited | ₹12.67 Cr (FY 2025) | -47.0% | Kolkata, West Bengal, India | |||
| Bajaj Housing Development Finance Ltd | ₹12.61 Cr (FY 2025) | -6.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Spa Holdings Private Limited, buy the company report.
Auditor
Spa Holdings Private Limited is audited by D S MAHAMBRE & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D S MAHAMBRE & CO | FY 2022 | 105754W |
Shareholding
The shareholding of Spa Holdings Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Spa Holdings Private Limited, buy the company report.
Legal cases
Spa Holdings Private Limited has 8 court cases on record: 7 filed by Spa Holdings, 1 filed against it. All cases are disposed.
Total cases
8
Filed by the company
7
Filed against the company
1
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 1 | 0 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Company petition | Filed by the company against Ameya Pharmaceuticals and Chemicals P.Ltd.With Spa Pharmaceuticals Pvt.Ltd. and 1 other | Disposed |
| Bombay High Court | Company petition | Filed by the company | Disposed |
| Bombay High Court | Appeal | Filed by the company against Ameya Pharmacuticals and Chemicals P.Ltd.With Spa Pharmaceuticals P.Ltd. and 1 other | Disposed |
| Bombay High Court | Appeal | Filed by the company against Ameya Pharmacuticals and Chemicals P.Ltd.With Spa Pharmacuticals P.Ltd. and 1 other | Disposed |
| Bombay High Court | Court case (APP) | Filed against the company by Shaw Wallace and Co.Ltd. | Disposed |
To see the full case history of Spa Holdings Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Spa Holdings Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Spa Holdings has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
To see the full GST registrations and return filing status of Spa Holdings Private Limited, buy the company report.
Recent activity
Spa Holdings Private Limited has 3 board changes on record since 1987: 3 appointments. The latest: Suresh Govind Kare was appointed as Director on 01 Jun 1998.
AGM
Spa Holdings Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Spa Holdings Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Suresh Govind Kare was appointed as Director.
Appointed
Aruna Kare Suresh was appointed as Director.
Appointed
Sundeep Vasant Bambolkar was appointed as Director.
Incorporation
16 Nov 1987
Spa Holdings Private Limited was registered on 16 Nov 1987 with Roc Mumbai & aged 38 years 11 months as per MCA records.
Frequently asked questions
Spa Holdings is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 16 November 1987 (39+ years old) and is registered under CIN U24230MH1987PTC045310.
Spa Holdings has 3 current directors:
- Aruna Kare Suresh - Director
- Sundeep Vasant Bambolkar - Director
- Suresh Govind Kare - Director
The latest financial statements of Spa Holdings on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Spa Holdings has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Spa Holdings is U24230MH1987PTC045310. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spa Holdings has 8 court cases on record: 7 filed by the company and 1 filed against it. Most are in the high courts.
Spa Holdings was incorporated on 16 November 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Spa Holdings by revenue are VSS Investco Private Limited, Arshia Finvest Private Limited, Lily Tie-Up Private Limited, Bajaj Housing Development Finance Ltd, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Suresh Govind Kare was appointed as Director on 01 Jun 1998. Aruna Kare Suresh was appointed as Director on 16 Nov 1987. Sundeep Vasant Bambolkar was appointed as Director on 16 Nov 1987.
The registered office of Spa Holdings is at 166 Cst Rd Vidyanagrimarg Kalina Santacruz East, Mumbai, Maharashtra, India – 400098.
Spa Holdings operates in the financial services industry, in the diversified financial services segment.