About Spenny Fintech Private Limited
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Spenny Fintech Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Spenny Pte. Inc. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 22 January 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U67100KA2020FTC131808. Its GSTIN is 29ABDCS2900G1ZI (Karnataka).
The company has an authorised share capital of ₹6.82 Cr and a paid-up capital of ₹6.82 Cr. It is led by directors Rathin Jitesh Shah and Narasimha Sastry Vasanth.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 677 1st Floor 27th Main 13th Cross Sector 1 Hsr Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.81 Cr, a decline of 4% compared to the previous year. For the same year it recorded a net profit of ₹4.94 Lakh (net margin 1.3%) and EBITDA of ₹15.71 Lakh (EBITDA margin 4.1%).
The company is associated with 1 brand: Spenny. The company has 3 deals on record (2 acquisitions, 1 rights issue); the latest was in September 2024.
For more details, the company can be reached via its website spenny.com.
Company details
CIN history
Spenny Fintech has one previous CIN (Corporate Identification Number): U65929KA2020FTC131808. The current CIN is U67100KA2020FTC131808, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67100KA2020FTC131808 | Current |
| U65929KA2020FTC131808 | Previous |
Contact details
Spenny Fintech Private Limited's registered office is in Bangalore, Karnataka. Its website is spenny.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address677 1st Floor 27th Main 13th Cross Sector 1 Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryInternet, Online Financial Services
To see the full contact details of Spenny Fintech Private Limited, buy the company report.
- 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
Brands
Spenny Fintech operates one associated brand: Spenny. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Savings and gold investments are enabled through app-based transaction roundups. | spenny.com |
Business activity
The main business activity of Spenny Fintech is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Spenny Fintech Private Limited, buy the company report.
Financials of Spenny Fintech Private Limited
FY 2023 filings availableSpenny Fintech Private Limited reported revenue of ₹3.81 Cr (down 4% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 4% in the latest year. EBITDA fell 14% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹3.81 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹15.71 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹4.94 Lakh | |||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4.1% | |||
| Net Profit Margin | 1.3% | |||
| 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 Spenny Fintech Private Limited, buy the company report.
Board of directors of Spenny Fintech Private Limited
Spenny Fintech has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rathin Jitesh Shah | Director | 22 Jan 2020 | 6 Years 9 Months | Current |
| Narasimha Sastry Vasanth | Director | 05 Sep 2024 | 2 Years 2 Months | Current |
Auditor
Spenny Fintech Private Limited is audited by S R G A & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S R G A & Co. | FY 2023 | 011984N |
Shareholding
The shareholding of Spenny Fintech Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Spenny Fintech Private Limited, buy the company report.
Deals & funding
Spenny Fintech Private Limited has 3 deals on record (2 acquisitions, 1 rights issue); the latest was in September 2024.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Acquisition | ₹8 Cr | Buyer: Dreamplug Technologies Private Limited |
| Jun 2023 | Acquisition | Undisclosed | Buyer: Dreamplug Technologies Private Limited |
| May 2021 | Rights issue | ₹30 Lakh | Investors: Spenny Pte Ltd, Spenny Pte Ltd & Gaurav Arora |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Spenny Fintech Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Spenny Fintech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Spenny Fintech has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABDCS2900G1ZI | Karnataka | Active | 21 Apr 2021 |
To see the full GST registrations and return filing status of Spenny Fintech Private Limited, buy the company report.
Recent activity
Spenny Fintech Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Narasimha Sastry Vasanth ceased to be Additional Director on 29 Sep 2024.
Frequently asked questions
Spenny Fintech is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in online financial services, within the internet industry. It was incorporated on 22 January 2020 (6+ years old) and is registered under CIN U67100KA2020FTC131808.
Spenny Fintech has 2 current directors:
- Rathin Jitesh Shah - Director
- Narasimha Sastry Vasanth - Director
The latest financial statements of Spenny Fintech on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Spenny Fintech is 29ABDCS2900G1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Spenny Fintech is U67100KA2020FTC131808. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spenny Fintech was incorporated on 22 January 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
Spenny Fintech has 3 deals on record (2 acquisitions, 1 rights issue); the latest was in September 2024.
Narasimha Sastry Vasanth ceased to be Additional Director on 29 Sep 2024. Gaurav Arora ceased to be Director on 05 Sep 2024. Narasimha Sastry Vasanth was appointed as Director on 05 Sep 2024. Spenny Fintech has 4 board changes on record in total.
Spenny Fintech can be reached through the website spenny.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Spenny Fintech is at 677 1st Floor 27th Main 13th Cross Sector 1 Hsr Layout, Bangalore, Karnataka, India – 560102.
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