MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-19-0091347
Kulfi Ventures Private Limited - media and publishing in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹70.5 Cr
▲ 23% YoY
Net loss · FY 2025
₹4.67 Cr
Net margin -6.6%
EBITDA · FY 2025
-₹6.08 Cr
EBITDA margin -8.6%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1.19 Lakh
Issued & subscribed
Open charges
₹8.5 Cr
Secured borrowings
Company age
8 yrs
Est. 2018
Directors on board
7
As per MCA filings
About Kulfi Ventures Private Limited
Data last updated:
Kulfi Ventures Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the film and digital content production segment of the media and publishing sector. It was incorporated on 28 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2018PTC314961. Its GSTIN is 27AAHCK2829H1ZE (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.19 Lakh. It is led by directors including Mukul Nag and Aparna Gupt.
Its last annual general meeting (AGM) was held on 08 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 11th Floor Discovery Of India Building Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2025, the company reported a revenue of ₹70.5 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net loss of ₹4.67 Cr (net margin -6.6%) and EBITDA of -₹6.08 Cr (EBITDA margin -8.6%).
Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: Supari Studios and Kulfi Collective. As per MCA filings, the company has open charges of ₹8.5 Cr on record. The company has 1 deal on record (1 funding round), with disclosed funding of ₹2.65 Cr; the latest was in January 2019. Its 10 peer companies in the Media and Publishing industry (Film and Content Production) are compared by revenue, 5 larger and 5 smaller; the largest is Hexawin Consultants Private Limited with revenue of ₹75.03 Cr.
Kulfi Ventures Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-19-0091347). For more details, the company can be reached via its website suparistudios.com.
Company details
CIN U74999MH2018PTC314961
Registration Number 314961
Incorporation Date 28 September 2018
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 08 August 2025
Date of Balance Sheet 31 March 2025
MSME Classification MSME
Udyam Registration UDYAM-MH-19-0091347
Recognitions & Rankings of Kulfi Ventures
Contact details
Kulfi Ventures Private Limited's registered office is in Mumbai, Maharashtra. Its website is suparistudios.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address11th Floor Discovery Of India Building Worli, Mumbai, Maharashtra, India – 400018
- IndustryMedia and Publishing, Film & Digital Content Production
To see the full contact details of Kulfi Ventures Private Limited, buy the company report.
Comprehensive company report
Kulfi Ventures Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Kulfi Ventures operates two associated brands: Supari Studios and Kulfi Collective. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Supari Studios crafts branded content and strategies for global brands in creative services. | suparistudios.com | |
| Produces cultural content, partners with brands, nurtures creators, and sparks conversations online. | kulficollective.com |
Financials of Kulfi Ventures Private Limited
FY 2025 filings availableKulfi Ventures Private Limited reported revenue of ₹70.5 Cr (up 23% YoY) for FY 2025.
Revenue · FY 2025
₹70.5 Cr ▲ 23%
Net loss · FY 2025
₹4.67 Cr margin -6.6%
EBITDA · FY 2025
-₹6.08 Cr margin -8.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 23%
EBITDA CAGR growth
1 year
▼ 352%
3 years · compounded
▼ 953%
5 years · compounded
▼ 213%
Revenue rose 23% in the latest year. EBITDA fell 352% 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 | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹6.08 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.67 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -8.6% | ||||
| Net Profit Margin | -6.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Kulfi Ventures Private Limited, buy the company report.
Board of directors and KMP of Kulfi Ventures Private Limited
Kulfi Ventures Private Limited currently reports 6 directors and 1 key managerial person. 5 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukul Nag | Director | 01 Apr 2019 | 7 Years 7 Months | Current |
| Aparna Gupt | Director | 28 Sep 2018 | 8 Years 1 Months | Current |
| Akshat Gupt | Director | 28 Sep 2018 | 8 Years 1 Months | Current |
| Smitha Menon | Director | 25 Apr 2022 | 4 Years 6 Months | Current |
| Anjali Ranjit Malhotra | Director | 25 Apr 2022 | 4 Years 6 Months | Current |
| Divya Rupchand Karani Also directs: R.K. Karani Realestate LLP, Jagran Prakashan Limited, Music Broadcast Limited and 3 more | Director | 09 Apr 2024 | 2 Years 6 Months | Current |
Showing 6 of 7 current directors and KMP. View all directors and KMP
Peer comparison
Kulfi Ventures Private Limited is compared with the 10 companies closest to it by revenue in the Media and Publishing industry (Film and Content Production), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hexawin Consultants Private Limited | ₹75.03 Cr (FY 2025) | Mumbai, Maharashtra, India | ||||
| In Entertainment (India) Limited | ₹74.61 Cr (FY 2025) | 14.0% | Mumbai, Maharashtra, India | |||
| Sol Production Private Limited | ₹72.98 Cr (FY 2024) | -33.0% | Mumbai, Maharashtra, India | |||
| Suresh Productions Pvt.Ltd. | ₹72.35 Cr (FY 2025) | 21.0% | Telangana, India | |||
| Shashi Sumeet Productions Private Limited | ₹71.45 Cr (FY 2025) | -37.0% | Mumbai, Maharashtra, India | |||
| Kulfi Ventures Private Limitedthis company | ₹70.5 Cr (FY 2025) | -₹4.67 Cr | -6.6% | 23.0% | Mumbai, Maharashtra, India | |
| Ananda Vikatan Productions Private Limited | ₹70.49 Cr (FY 2025) | 53.0% | Chennai, Tamil Nadu, India | |||
| Shahi Production Private Limited | ₹69.73 Cr (FY 2025) | 19.0% | Mumbai, Maharashtra, India | |||
| Teamo Productions HQ Limited | ₹68.14 Cr (FY 2025) | 4.0% | Delhi, India | |||
| Hungama .Com Private Limited | ₹67.62 Cr (FY 2016) | 8.0% | Mumbai, Maharashtra, India | |||
| Reliance Entertainment Studios Private Limited | ₹66.89 Cr (FY 2025) | -79.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Kulfi Ventures Private Limited, buy the company report.
Auditor
Kulfi Ventures Private Limited is audited by Mohan Keru Tulve for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Mohan Keru Tulve | FY 2023 | 123766 |
Shareholding
The shareholding of Kulfi Ventures Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Kulfi Ventures Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Nov 2025 | 101192514 | The Hongkong and Shanghai Banking Corporation Limited | ₹6 Cr | Open | |
| 20 Mar 2025 | 101077260 | Others | ₹2.5 Cr | Open |
Total charge records: 2 View all charges
Deals & funding
Kulfi Ventures Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹2.65 Cr; the latest was in January 2019.
Total deals
1
Funding round
1
Disclosed funding
₹2.65 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2019 | Funding round | ₹2.65 Cr | Investors: Anandini Solutions LLP , 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Kulfi Ventures Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Kulfi Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Kulfi Ventures has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Post Busters Media Labs Private Limited | U74999MH2017PTC300298 | |
| Keeda Media Private Limited | U74999MH2017PTC303309 |
To see the full group structure of Kulfi Ventures Private Limited, buy the company report.
GST
Kulfi Ventures has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCK2829H1ZE | Maharashtra | Active | 15 Nov 2018 |
To see the full GST registrations and return filing status of Kulfi Ventures Private Limited, buy the company report.
Recent activity
Kulfi Ventures Private Limited has 12 board changes on record since 2018: 7 appointments and 5 cessations. The latest: Divya Rupchand Karani ceased to be Additional Director on 29 Sep 2024.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 600.00 Lakh with Charge ID 101192514 was registered on 13 Nov 2025.
AGM
Kulfi Ventures Private Limited last Annual general meeting of members was held on 08 Aug 2025 as per latest MCA records.
Filing
Kulfi Ventures Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 250.00 Lakh with Charge ID 101077260 was registered on 20 Mar 2025.
Ceased
Divya Rupchand Karani ceased to be Additional Director.
Appointed
Divya Rupchand Karani was appointed as Director.
Ceased
Anjali Ranjit Malhotra ceased to be Additional Director.
Ceased
Smitha Menon ceased to be Additional Director.
Appointed
Anjali Ranjit Malhotra was appointed as Director.
Appointed
Smitha Menon was appointed as Director.
Ceased
Mukul Nag ceased to be Additional Director.
Appointed
Advait Rajan Gupt was appointed as CEO.
5 earlier events are in the company report.
News
Frequently asked questions
Kulfi Ventures is an active private limited company based in Mumbai, Maharashtra, India. The company works in film and digital content production, within the media and publishing industry. It was incorporated on 28 September 2018 (8+ years old) and is registered under CIN U74999MH2018PTC314961.
Kulfi Ventures has 7 current directors and KMP:
- Mukul Nag - Director
- Aparna Gupt - Director
- Akshat Gupt - Director
- Smitha Menon - Director
- Anjali Ranjit Malhotra - Director
- Divya Rupchand Karani - Director
- Advait Rajan Gupt - Ceo
The latest financial statements of Kulfi Ventures on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 August 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Kulfi Ventures is 27AAHCK2829H1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Kulfi Ventures is U74999MH2018PTC314961. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kulfi Ventures was incorporated on 28 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
Kulfi Ventures has 1 deal on record (1 funding round), with disclosed funding of ₹2.65 Cr; the latest was in January 2019.
The peers of Kulfi Ventures by revenue are Hexawin Consultants Private Limited, In Entertainment (India) Limited, Sol Production Private Limited, Suresh Productions Pvt.Ltd, Shashi Sumeet Productions Private Limited and 5 more, all in the Media and Publishing industry (Film and Content Production).
Divya Rupchand Karani ceased to be Additional Director on 29 Sep 2024. Divya Rupchand Karani was appointed as Director on 09 Apr 2024. Anjali Ranjit Malhotra ceased to be Additional Director on 30 Sep 2022. Kulfi Ventures has 12 board changes on record in total.
Yes, Kulfi Ventures is registered as an MSME under Udyam registration (number: UDYAM-MH-19-0091347).
Kulfi Ventures can be reached through the website suparistudios.com. Its registered office is in Mumbai, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages