About Believe Digital Private Limited
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Believe Digital Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Believe International Sarl. It operates in the business support services segment of the business services sector. It was incorporated on 27 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC284162. Its GSTIN is 27AAGCB8305C1ZZ (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Vivek Rajnath Raina (Managing Director) and Sylvain Jean Joseph Delange.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 1003 Hallmark Business Plaza Sant Dyaneshwar Marg Opposite Gurunanak Hospital Bandra East, Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹73.26 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹4.52 Cr (net margin 6.2%) and EBITDA of ₹15.52 Cr (EBITDA margin 21.2%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 35% over five years.
The company has about 233 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Believe. As per MCA filings, the company has open charges of ₹10 Lakh on record. Court records list 9 cases involving the company, including 9 filed against it; 6 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2023. The company has 4 MSME Form 1 returns on record between 2021 and 2023, listing 4 overdue payments to 3 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website believemusic.com.
Company details
Contact details
Believe Digital Private Limited's registered office is in Mumbai, Maharashtra. Its website is believemusic.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1003 Hallmark Business Plaza Sant Dyaneshwar Marg Opposite Gurunanak Hospital Bandra East, Mumbai, Maharashtra, India – 400051
- IndustryBusiness Services, Business Support Services
To see the full contact details of Believe Digital 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
Believe Digital operates one associated brand: Believe. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified software is developed for music artists and labels. | believe.com |
Business activity
The main business activity of Believe Digital is arts, entertainment and recreation. In detail, this covers creative, arts and entertainment activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R1 | Creative, arts and entertainment activities |
To see the full business activity and turnover split of Believe Digital Private Limited, buy the company report.
Financials of Believe Digital Private Limited
FY 2025 filings availableBelieve Digital Private Limited reported revenue of ₹73.26 Cr (up 27% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 35% over five years, including 27% growth in the latest year. EBITDA rose 41% 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 | |||||
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| Other Income | |||||
| Total Revenue | ₹73.26 Cr | ||||
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| Total Expenses | |||||
| EBITDA | ₹15.52 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.52 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.2% | ||||
| Net Profit Margin | 6.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Believe Digital Private Limited, buy the company report.
Board of directors of Believe Digital Private Limited
Believe Digital has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sylvain Jean Joseph Delange Also directs: Canvas Talent Private Limited, Spi Music Private Limited | Director | 27 Jul 2016 | 10 Years 2 Months | Current |
| Vivek Rajnath Raina Also directs: Canvas Talent Private Limited, Spi Music Private Limited | Managing Director | 27 Jul 2016 | 10 Years 2 Months | Current |
| Kaveri Ingale Also directs: Canvas Talent Private Limited, Spi Music Private Limited | Director | 15 Dec 2023 | 2 Years 10 Months | Current |
Auditor
Believe Digital Private Limited is audited by B S R & Co. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2025 | 101248W/W-100022 |
Shareholding
The shareholding of Believe Digital Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Believe Digital Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Aug 2021 | 100464753 | The Hongkong and Shanghai Banking Corporation Limited | ₹10 Lakh | Open |
Total charge records: 1 View all charges
Deals & funding
Believe Digital Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2023.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: Believe International Seller: Believe Sa, an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Believe Digital Private Limited has 9 court cases on record: 9 filed against it. 6 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 5 |
| High courts | 2 | 2 | 1 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (COMIP) | Filed against the company by Zee Entertainment Enterprises Limited | Pending |
| District court, North West, Delhi | Court case (CS (COMM.)) | Filed against the company by Nav Records Private Limited | Pending |
| District court, Ernakulam, Kerala | Civil suit | Filed against the company by Avenirtek Digital Private Ltd | Pending |
| District court, Amritsar, Punjab | Commercial suit | Filed against the company | Pending |
| District court, Ernakulam, Kerala | Civil suit | Filed against the company by M/S Dream Mill Cinemas and Entertainment Pvt, Ltd | Pending |
To see the full case history of Believe Digital 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
Believe Digital Private Limited has 4 MSME Form 1 returns on record between 2021 and 2023, listing 4 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Masters India IT Solutions Private Limited | |||
| an individual supplier | |||
| Guru Infocomm (India) Private Limited |
To see the full MSME payment records of Believe Digital Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Believe Digital Private Limited has a workforce of 233 employees on its EPFO records as of Sep 23, 2025, across 1 active EPFO establishment.
GST
Believe Digital has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCB8305C1ZZ | Maharashtra | Active | 31 Aug 2017 |
To see the full GST registrations and return filing status of Believe Digital Private Limited, buy the company report.
Recent activity
Believe Digital Private Limited has 8 board changes on record since 2016: 3 appointments and 5 cessations. The latest: Kaveri Ingale ceased to be Additional Director on 29 Sep 2024.
Frequently asked questions
Believe Digital is an active private limited company based in Mumbai, Maharashtra, India. The company works in business support services, within the business services industry. It was incorporated on 27 July 2016 (10+ years old) and is registered under CIN U74999MH2016PTC284162.
Believe Digital has 3 current directors:
- Vivek Rajnath Raina - Managing Director
- Sylvain Jean Joseph Delange - Director
- Kaveri Ingale - Director
The latest financial statements of Believe Digital on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Believe Digital is 27AAGCB8305C1ZZ, registered in Maharashtra. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Believe Digital is U74999MH2016PTC284162. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Believe Digital has 9 court cases on record: 9 filed against it. 6 are pending. Most are in the district courts.
Believe Digital was incorporated on 27 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Believe Digital has 1 deal on record (1 secondary share transfer); the latest was in March 2023.
Kaveri Ingale ceased to be Additional Director on 29 Sep 2024. Kaveri Ingale was appointed as Director on 15 Dec 2023. Nikhil Sahadev Halwalkar ceased to be Additional Director on 30 Sep 2022. Believe Digital has 8 board changes on record in total.
Believe Digital has 4 MSME Form 1 returns on record between 2021 and 2023, listing 4 overdue payments to 3 micro and small suppliers. The latest return was filed on 22 Nov 2023.
Believe Digital can be reached through the website believemusic.com. Its registered office is in Mumbai, Maharashtra, India.