About Spicetech IT Solutions Private Limited
Data last updated:
Spicetech IT Solutions Private Limited is a private limited company based in Kota, , India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 27 October 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U72900RJ2015PTC048515. Its GSTIN is 08AAWCS5164Q1Z6 (Rajasthan).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Varun Batra and Ankit Agarwal.
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 6 – A Industrial Estate Nrc, Kota, Rajasthan, India – 324007.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.11 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹23.83 Lakh (net margin 3.4%) and EBITDA of ₹39.38 Lakh (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years and 37% over five years.
The company has about 43 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: SpiceGems.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spicegems.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address6 – A Industrial Estate Nrc, Kota, Rajasthan, India – 324007
- IndustryInformation Technology, Software Development & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Spicetech IT Solutions Private Limited
The main business activity of Spicetech IT Solutions is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Spicetech IT Solutions Private Limited FY 2025 filings available
Spicetech IT Solutions Private Limited reported revenue of ₹7.11 Cr (up 33% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Spicetech IT Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 37% over five years, including 33% growth in the latest year. EBITDA fell 8% 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 of Spicetech IT Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹39.38 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹23.83 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 of Spicetech IT Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Spicetech IT Solutions are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Spicetech IT Solutions Private Limited
Spicetech IT Solutions Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Intellias Information Services India Private Limited | ₹7.15 Cr (FY 2024) | •••• | •••• | 695.0% | •••• | Pune, Maharashtra, India |
| Spryiq Technologies Private Limited | ₹7.14 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Pune, Maharashtra, India |
| Skalar Analytical India Private Limited | ₹7.14 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Chennai, Tamil Nadu, India |
| Nextmeta Labs Private Limited | ₹7.13 Cr (FY 2025) | •••• | •••• | •••• | Noida, Uttar Pradesh, India | |
| Crestech Software Systems Private Limited | ₹7.12 Cr (FY 2024) | •••• | •••• | -25.0% | •••• | New Delhi, Delhi, India |
| Spicetech IT Solutions Private Limited this company | ₹7.11 Cr (FY 2024) | •••• | •••• | 33.0% | •••• | Kota, Rajasthan, India |
| Mastermind Software Services Private Limited | ₹7.11 Cr (FY 2024) | •••• | •••• | 42.0% | •••• | Mumbai, Maharashtra, India |
| 50K Saas Ventures Private Limited | ₹7.11 Cr (FY 2025) | •••• | •••• | 62.0% | •••• | Hyderabad, Telangana, India |
| Skuteam India Private Limited | ₹7.1 Cr (FY 2024) | •••• | •••• | 42.0% | •••• | Chennai, Tamil Nadu, India |
| Dhio Research & Engineering Private Limited | ₹7.1 Cr (FY 2024) | •••• | •••• | 41.0% | •••• | Bangalore, Karnataka, India |
| Ezemrx India Private Limited | ₹7.1 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Spicetech IT Solutions by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Spicetech IT Solutions Private Limited
Spicetech IT Solutions Private Limited is audited by SANJAY KHANDELWAL & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SANJAY KHANDELWAL & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Spicetech IT Solutions Private Limited
Spicetech IT Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varun Batra | Director | 27 Oct 2015 | 10 Years 11 Months | Current |
| Ankit Agarwal | Director | 27 Oct 2015 | 10 Years 11 Months | Current |
Ownership and Shareholding of Spicetech IT Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Spicetech IT Solutions Private Limited
Spicetech IT Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Spicetech IT Solutions Private Limited
Spicetech IT Solutions operates one associated brand: SpiceGems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides e-commerce apps for product add-ons and store customization features. | spicegems.com |
Employees and EPFO Compliance at Spicetech IT Solutions Private Limited
Spicetech IT Solutions Private Limited has a workforce of 43 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Spicetech IT Solutions Private Limited
Spicetech IT Solutions Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Ankit Agarwal was appointed as Director on 27 Oct 2015.
Credit Ratings, Litigation & Regulatory Alerts for Spicetech IT Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Spicetech IT Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Spicetech IT Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Spicetech IT Solutions Private Limited
Spicetech IT Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAWCS5164Q1Z6 | Rajasthan | Active | 16 Aug 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Spicetech IT Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Spicetech IT Solutions Private Limited
Spicetech IT Solutions is an active private limited company based in Kota, , India. The company works in software development and support services, within the information technology industry. It was incorporated on 27 October 2015 (11+ years old) and is registered under CIN U72900RJ2015PTC048515.
Spicetech IT Solutions reported revenue of ₹7.11 Cr for FY 2024 (up 33% YoY).
Spicetech IT Solutions has 2 current directors:
- Varun Batra - Director
- Ankit Agarwal - Director
Spicetech IT Solutions reported a net profit of ₹23.83 Lakh (net margin 3.4%) and EBITDA of ₹39.38 Lakh (EBITDA margin 5.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Spicetech IT Solutions is 50% over three years and 37% over five years. In the latest year (FY 2024) revenue rose 33%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Spicetech IT Solutions is 08AAWCS5164Q1Z6, registered in Rajasthan.
The CIN (Corporate Identification Number) of Spicetech IT Solutions is U72900RJ2015PTC048515. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spicetech IT Solutions was incorporated on 27 October 2015, making it 11+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Spicetech IT Solutions by revenue are Intellias Information Services India Private Limited, Spryiq Technologies Private Limited, Skalar Analytical India Private Limited, Nextmeta Labs Private Limited, Crestech Software Systems Private Limited and 5 more, all in the Information Technology industry (Software Services).
Ankit Agarwal was appointed as Director on 27 Oct 2015. Varun Batra was appointed as Director on 27 Oct 2015.
Spicetech IT Solutions can be reached through the website spicegems.com. Its registered office is in Kota, , India.