About Cultsport Private Limited
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Cultsport Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Curefit Healthcare Private Limited. It operates in the hotel and accommodation services segment of the travel and hospitality sector. It was incorporated on 02 September 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2016PTC096227. Its GSTIN is 29AAGCC6308J1ZG (Karnataka). The company holds 16 GST registrations, of which 13 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.73 Cr. It is led by directors Siddharth Nimesh Suchde (Whole-Time Director) and Bishnu Prakash Hazari.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at No. 17 & 17C Bda Sector 3 Hsr Layout, Bangalore, Karnataka, India – 560102.
As per the financials filed for FY 2025, the company reported a revenue of ₹259.46 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹156.88 Cr (net margin -60.5%) and EBITDA of -₹84.37 Cr (EBITDA margin -32.5%). Revenue has grown at a compounded annual rate (CAGR) of 286% over three years and 8% over five years.
The company has about 95 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹165 Cr and satisfied charges of ₹66.17 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company; 1 case is pending. The company has 9 deals on record (5 rights issues, 2 acquisitions, 1 debt financing), with disclosed funding of ₹66 Cr; the latest was in October 2020.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website cult.fit.
Company details
Contact details
Cultsport Private Limited's registered office is in Bangalore, Karnataka. Its website is cult.fit. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressNo. 17 & 17C Bda Sector 3 Hsr Layout, Bangalore, Karnataka, India – 560102
- IndustryTravel and Hospitality, Hotel & Accommodation Services
To see the full contact details of Cultsport 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
Business activity
The main business activity of Cultsport is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Cultsport Private Limited, buy the company report.
Financials of Cultsport Private Limited
FY 2024 filings availableCultsport Private Limited reported revenue of ₹259.46 Cr (up 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 14% growth in the latest year. EBITDA rose 66% 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 |
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| EBITDA | -₹84.37 Cr | ||||
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| Net Profit (PAT) | -₹156.88 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -32.5% | ||||
| Net Profit Margin | -60.5% | ||||
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To see the full financial statements and ratios of Cultsport Private Limited, buy the company report.
Board of directors of Cultsport Private Limited
Cultsport has 2 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bishnu Prakash Hazari | Director | 20 Sep 2024 | 2 Years 1 Months | Current |
| Siddharth Nimesh Suchde | Whole-Time Director | 24 Dec 2022 | 3 Years 10 Months | Current |
Auditor
Cultsport Private Limited is audited by B S R & Co. LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B S R & Co. LLP | FY 2024 | 101248W/W-100022 |
Shareholding
The shareholding of Cultsport Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Cultsport Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jul 2025 | 101145817 | Others | ₹50 Cr | Open | |
| 20 May 2025 | 101108812 | The Hongkong and Shanghai Banking Corporation Limited | ₹40 Cr | Open | |
| 30 Jan 2025 | 101047835 | Yes Bank Limited | ₹30 Cr | Open | |
| 03 Jan 2025 | 101052836 | Axis Bank Limited | ₹45 Cr | Open | |
| 06 Aug 2020 | 100361030 | Standard Chartered Bank | ₹4.17 Cr | Satisfied |
To see the full charge records of Cultsport Private Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Cultsport Private Limited has 9 deals on record (5 rights issues, 2 acquisitions, 1 debt financing), with disclosed funding of ₹66 Cr; the latest was in October 2020.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2020 | Funding round | ₹50 Cr | Investors: Cult.Fit Limited |
| Apr 2020 | Rights issue | ₹160 Cr | Investors: Cult.Fit Limited |
| Sep 2019 | Rights issue | ₹220 Cr | Investors: Cult.Fit Limited |
| Jun 2019 | Rights issue | ₹57 Cr | Investors: Cult.Fit Limited |
| Dec 2018 | Rights issue | ₹56.35 Cr | Investors: Cult.Fit Limited |
To see the full deal history of Cultsport Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Cultsport Private Limited has 2 court cases on record: 2 filed by Cultsport. 1 case is pending and 1 is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against Ilindra Workspace Private Limited | Pending |
| High Court, TAMIL NADU | Appeal | Filed by the company against M/S Picturemakers, | Disposed |
To see the full case history of Cultsport 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
No delayed payments to MSME suppliers are on our record for Cultsport Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Cultsport has 1 subsidiary company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Relentless Sports Retail Private Limited | U74999KA2016PTC096729 |
To see the full group structure of Cultsport Private Limited, buy the company report.
Employees & EPFO
Cultsport Private Limited has a workforce of 95 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Cultsport has 16 GST registrations: 13 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCC6308J1ZG | Karnataka | Active | 01 Jul 2017 |
| 06AAGCC6308J1ZO | Haryana | Active | 10 May 2018 |
| 36AAGCC6308J1ZL | Telangana | Active | 09 Aug 2018 |
| 07AAGCC6308J1ZM | Delhi | Active | 23 Jan 2019 |
To see the full GST registrations and return filing status of Cultsport Private Limited, buy the company report.
Recent activity
Cultsport Private Limited has 10 board changes on record since 2019: 2 appointments and 8 cessations. The latest: Bishnu Prakash Hazari ceased to be Additional Director on 29 Sep 2024.
18 earlier events are in the company report.
News
Frequently asked questions
Cultsport is an active private limited company based in Bangalore, Karnataka, India. The company works in hotel and accommodation services, within the travel and hospitality industry. It was incorporated on 02 September 2016 (10+ years old) and is registered under CIN U74999KA2016PTC096227.
Cultsport has 2 current directors:
- Siddharth Nimesh Suchde - Whole-Time Director
- Bishnu Prakash Hazari - Director
The latest financial statements of Cultsport on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Cultsport is 29AAGCC6308J1ZG, registered in Karnataka. The company has 16 GST registrations in all, of which 13 are active and 3 are cancelled or inactive. Other active GSTINs include 06AAGCC6308J1ZO (Haryana), 36AAGCC6308J1ZL (Telangana), 07AAGCC6308J1ZM (Delhi).
The CIN (Corporate Identification Number) of Cultsport is U74999KA2016PTC096227. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cultsport has 2 court cases on record: 2 filed by the company. 1 is pending.
Cultsport was incorporated on 02 September 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Cultsport has 9 deals on record (5 rights issues, 2 acquisitions, 1 debt financing), with disclosed funding of ₹66 Cr; the latest was in October 2020.
Bishnu Prakash Hazari ceased to be Additional Director on 29 Sep 2024. Bishnu Prakash Hazari was appointed as Director on 20 Sep 2024. Siddharth Nimesh Suchde ceased to be Additional Director on 29 Sep 2023. Cultsport has 10 board changes on record in total.
Cultsport can be reached through the website cult.fit. Its registered office is in Bangalore, Karnataka, India.
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