MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0028396
Spine Technologies (India) Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹45.85 Cr
▲ 13% YoY
Net profit · FY 2025
₹1.72 Cr
Net margin 3.8%
EBITDA · FY 2025
₹16.51 Cr
EBITDA margin 36%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹75,000
Issued & subscribed
Company age
22 yrs
Est. 2004
Employees · EPFO
76
Provident fund records
Directors on board
2
As per MCA filings
About Spine Technologies (India) Private Limited
Data last updated:
Spine Technologies (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 03 March 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2004PTC144835. Its GSTIN is 27AAICS0042F1ZO (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹75,000. It is led by directors Shailesh Khushraj Khatri and Nilesh Surendra Shah.
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 407 – 408 Ddefinity 4th Floor Jay Prakash Road No 1 Goregaon (E), Mumbai, Maharashtra, India – 400063.
As per the financials filed for FY 2025, the company reported a revenue of ₹45.85 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹1.72 Cr (net margin 3.8%) and EBITDA of ₹16.51 Cr (EBITDA margin 36%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 21% over five years.
The company has about 76 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Spine Technologies.
Spine Technologies (India) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0028396). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spinetechnologies.com.
Company Details of Spine Technologies (India) Private Limited
CIN U72900MH2004PTC144835
Registration Number 144835
Incorporation Date 03 March 2004
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
MSME Classification Small
Udyam Registration UDYAM-MH-19-0028396
Recognitions & Rankings of Spine Technologies (India)
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address407 – 408 Ddefinity 4th Floor Jay Prakash Road No 1 Goregaon (E), Mumbai, Maharashtra, India – 400063
- IndustryInformation Technology, Application Development & Software Solutions
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Associated Brands with Spine Technologies (India) Private Limited
Spine Technologies (India) operates one associated brand: Spine Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of HRMS and fixed asset management solutions | spinetechnologies.com |
Business Activity of Spine Technologies (India) Private Limited
The main business activity of Spine Technologies (India) 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Spine Technologies (India) Private Limited FY 2025 filings available
Spine Technologies (India) Private Limited reported revenue of ₹45.85 Cr (up 13% YoY) for FY 2025.
Revenue · FY 2025
₹45.85 Cr ▲ 13%
Net profit · FY 2025
₹1.72 Cr margin 3.8%
EBITDA · FY 2025
₹16.51 Cr margin 36%
Compounded Annual Growth Rate (CAGR) of Spine Technologies (India) Private Limited
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 27%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▲ 20%
3 years · compounded
▲ 30%
5 years · compounded
▲ 21%
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 13% growth in the latest year. EBITDA rose 20% 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 Spine Technologies (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹45.85 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹16.51 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.72 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 of Spine Technologies (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 36% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.8% | •••• | •••• | •••• | •••• |
| 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 Spine Technologies (India) are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Spine Technologies (India) Private Limited
Spine Technologies (India) has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shailesh Khushraj Khatri | Director | 03 Mar 2004 | 22 Years 7 Months | Current |
| Nilesh Surendra Shah | Director | 03 Mar 2004 | 22 Years 7 Months | Current |
Peer Comparison of Spine Technologies (India) Private Limited
Spine Technologies (India) Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ikanos Communications (India) Private Limited | ₹46.32 Cr (FY 2016) | •••• | •••• | 18.0% | •••• | Bangalore, Karnataka, India |
| Codecraft Technologies Private Limited | ₹46.28 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Mangalore, Karnataka, India |
| Think Walnut Digital Private Limited | ₹46.28 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Mumbai, Maharashtra, India |
| Clove Technologies Private Limited | ₹46.24 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Hyderabad, Telangana, India |
| Quotient Technology India Private Limited | ₹46.17 Cr (FY 2025) | •••• | •••• | -36.0% | •••• | Bangalore, Karnataka, India |
| Spine Technologies (India) Private Limited this company | ₹45.85 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Luminous Infoways Private Limited | ₹45.7 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Bhubaneswar, Odisha, India |
| Enhira Software (Export) Limited | ₹45.68 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
| BTS Strategy Alignment and Execution Private Limited | ₹45.58 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Mumbai, Maharashtra, India |
| Vlocity Cloud Applications India Private Limited | ₹45.38 Cr (FY 2020) | •••• | •••• | 78.0% | •••• | Bangalore, Karnataka, India |
| Cyber Group India Private Limited | ₹45.37 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Noida, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Spine Technologies (India) by revenue in the Information Technology industry (Application Development), 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 Spine Technologies (India) Private Limited
Spine Technologies (India) Private Limited is audited by Vipul V Shah and Associates for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Vipul V Shah and Associates | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Spine Technologies (India) Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Spine Technologies (India) Private Limited
Spine Technologies (India) Private Limited does not have any charges (loans) registered with the Registrar of Companies.
MSME Payment Delays by Spine Technologies (India) Private Limited
Spine Technologies (India) Private Limited has 3 MSME Form 1 returns on record between 2020 and 2021, listing 13 overdue payments to 10 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 10)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Technowin Solutions Private Limited | •••• | •••• | •••• |
| Appitsimple Infotek Private Limited | •••• | •••• | •••• |
| Znet Technologies Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 3 MSME Form 1 returns is in the company report.
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Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Spine Technologies (India) Private Limited
Spine Technologies (India) Private Limited has a workforce of 76 employees as of Jan 07, 2026.
Employee count
76
Active EPFO establishments
1
Employee growth
2.7%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Spine Technologies (India) Private Limited
Spine Technologies (India) Private Limited has 4 board changes on record since 2004: 2 appointments and 2 cessations. The latest: Bina Shailesh Khatri ceased to be Director on 01 Sep 2014.
AGM
Spine Technologies (India) Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Spine Technologies (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Bina Shailesh Khatri ceased to be Director.
Ceased
Neeta Nilesh Shah ceased to be Director.
Appointed
Nilesh Surendra Shah was appointed as Director.
Appointed
Shailesh Khushraj Khatri was appointed as Director.
Incorporation
03 Mar 2004
Spine Technologies (India) Private Limited was registered on 03 Mar 2004 with Roc Mumbai I & aged 22 years 7 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Spine Technologies (India) Private Limited
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Subsidiaries & Group Companies of Spine Technologies (India) Private Limited
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Corporate group structure
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GST Compliance of Spine Technologies (India) Private Limited
Spine Technologies (India) has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICS0042F1ZO | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Spine Technologies (India) Private Limited
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MCA filings and documents
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Frequently Asked Questions about Spine Technologies (India) Private Limited
Spine Technologies (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 03 March 2004 (22+ years old) and is registered under CIN U72900MH2004PTC144835.
Spine Technologies (India) reported revenue of ₹45.85 Cr for FY 2025 (up 13% YoY).
Spine Technologies (India) has 2 current directors:
- Shailesh Khushraj Khatri - Director
- Nilesh Surendra Shah - Director
Spine Technologies (India) reported a net profit of ₹1.72 Cr (net margin 3.8%) and EBITDA of ₹16.51 Cr (EBITDA margin 36%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Spine Technologies (India) is 27% over three years and 21% over five years. In the latest year (FY 2025) revenue rose 13%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Spine Technologies (India) is 27AAICS0042F1ZO, registered in Maharashtra.
The CIN (Corporate Identification Number) of Spine Technologies (India) is U72900MH2004PTC144835. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spine Technologies (India) was incorporated on 03 March 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Spine Technologies (India) by revenue are Ikanos Communications (India) Private Limited, Codecraft Technologies Private Limited, Think Walnut Digital Private Limited, Clove Technologies Private Limited, Quotient Technology India Private Limited and 5 more, all in the Information Technology industry (Application Development).
Bina Shailesh Khatri ceased to be Director on 01 Sep 2014. Neeta Nilesh Shah ceased to be Director on 01 Sep 2014. Nilesh Surendra Shah was appointed as Director on 03 Mar 2004. Spine Technologies (India) has 4 board changes on record in total.
Yes, Spine Technologies (India) is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0028396).
Spine Technologies (India) has 3 MSME Form 1 returns on record between 2020 and 2021, listing 13 overdue payments to 10 micro and small suppliers. The latest return was filed on 28 Jan 2022.