About Believe Digital Private Limited
Data last updated:
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. Its 10 peer companies in the Business Services industry (Business Auxiliary Services) are compared by revenue, 5 larger and 5 smaller; the largest is Brickwork India Private Limited with revenue of ₹74.98 Cr. 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.
- EmailLocked
- TelephoneLocked
- 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
- 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
Associated Brands with Believe Digital Private Limited
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 of Believe Digital Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R1 | Creative, arts and entertainment activities | 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 Believe Digital Private Limited FY 2025 filings available
Believe Digital Private Limited reported revenue of ₹73.26 Cr (up 27% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Believe Digital Private Limited
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 of Believe Digital 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 | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | ₹73.26 Cr | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹15.52 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.52 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 Believe Digital Private Limited
| 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) | •••• | •••• | •••• | •••• | •••• |
| 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 Believe Digital are in the company report.
Financial statements from FY 2017
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.
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 |
Peer Comparison of Believe Digital Private Limited
Believe Digital Private Limited is compared with the companies closest to it by revenue in the Business Services industry (Business Auxiliary 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 |
|---|---|---|---|---|---|---|
| Brickwork India Private Limited | ₹74.98 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Bangalore, Karnataka, India |
| Netco Cable Industries Private Limited | ₹74.11 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
| Toluna India Private Limited | ₹74.06 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | New Delhi, Delhi, India |
| BC Education India Private Limited | ₹73.77 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Noida, Uttar Pradesh, India |
| Optel Vision India Private Limited | ₹73.72 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Goa, India |
| Believe Digital Private Limited this company | ₹73.26 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| Logitech Electronics (India) Private Limited | ₹73.18 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Mumbai, Maharashtra, India |
| Fast Retailing (India) Management Consulting Private Limited | ₹72.79 Cr (FY 2025) | •••• | •••• | 31.0% | •••• | Bangalore, Karnataka, India |
| 3T Industrial Solutions Private Limited | ₹72.56 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Gurgaon, Haryana, India |
| Sulzer Tech India Private Limited | ₹72.51 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Navi Mumbai, Maharashtra, India |
| Mozarc Medical India Private Limited | ₹71.91 Cr (FY 2025) | •••• | •••• | 357.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Believe Digital by revenue in the Business Services industry (Business Auxiliary 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 Believe Digital Private Limited
Believe Digital Private Limited is audited by B S R & Co. LLP for the financial year 2025.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Co. LLP | 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.
Ownership and Shareholding of Believe Digital 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 Believe Digital Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 02 Aug 2021 | The Hongkong and Shanghai Banking Corporation Limited | ₹10 Lakh | Open |
Total charge records: 1 View all charges
Deals & Funding of Believe Digital Private Limited
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 |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Believe Digital Private Limited
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 |
Full case history
All 9 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Believe Digital Private Limited
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 | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 4 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
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 Believe Digital Private Limited
Believe Digital Private Limited has a workforce of 233 employees as of Sep 23, 2025.
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 Believe Digital Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Believe Digital 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.
Subsidiaries & Group Companies of Believe Digital 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 Believe Digital Private Limited
Believe Digital has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCB8305C1ZZ | Maharashtra | Active | 31 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 Believe Digital 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.
Related news about Believe Digital Private Limited
Frequently Asked Questions about Believe Digital Private Limited
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 reported revenue of ₹73.26 Cr for FY 2025 (up 27% YoY).
Believe Digital has 3 current directors:
- Vivek Rajnath Raina - Managing Director
- Sylvain Jean Joseph Delange - Director
- Kaveri Ingale - Director
Believe Digital reported a net profit of ₹4.52 Cr (net margin 6.2%) and EBITDA of ₹15.52 Cr (EBITDA margin 21.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Believe Digital is 29% over three years and 35% over five years. In the latest year (FY 2025) revenue rose 27%. CAGR is the steady yearly rate that links the first and the last year.
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.
The peers of Believe Digital by revenue are Brickwork India Private Limited, Netco Cable Industries Private Limited, Toluna India Private Limited, BC Education India Private Limited, Optel Vision India Private Limited and 5 more, all in the Business Services industry (Business Auxiliary Services).
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.