About Masala Games Private Limited
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Masala Games Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the online gaming platforms segment of the internet and digital services sector. It was incorporated on 24 October 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72214GJ2011PTC067621. Its GSTIN is 24AAHCM6655P1ZT (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Shalin Parag Shodhan and Khyati Shodhan.
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 9 Zion Prime Near Copper Stone, Thaltej – Shilaj Main Road Thaltej Ahmedabad 380059, Gujarat, India – 380059.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.42 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹41.34 Lakh (net margin 6.4%) and EBITDA of ₹63.93 Lakh (EBITDA margin 10%). Revenue has grown at a compounded annual rate (CAGR) of 20% over three years and 14% over five years.
The company is associated with 1 brand: Masala Games.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website masalagames.com.
Company details
Contact details
Masala Games Private Limited's registered office is in Ahmedabad, Gujarat. Its website is masalagames.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address9 Zion Prime Near Copper Stone, Thaltej – Shilaj Main Road Thaltej Ahmedabad 380059, Gujarat, India – 380059
- IndustryInternet, Online Gaming Platforms
To see the full contact details of Masala Games 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
Masala Games operates one associated brand: Masala Games. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Mobile game development studio creating engaging and innovative games. | masalagames.com |
Business activity
The main business activity of Masala Games is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Masala Games Private Limited, buy the company report.
Financials of Masala Games Private Limited
FY 2025 filings availableMasala Games Private Limited reported revenue of ₹6.42 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 14%. EBITDA fell 28% 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 | ₹63.93 Lakh | ||||
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| Net Profit (PAT) | ₹41.34 Lakh | ||||
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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 | 10% | ||||
| Net Profit Margin | 6.4% | ||||
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To see the full financial statements and ratios of Masala Games Private Limited, buy the company report.
Board of directors of Masala Games Private Limited
Masala Games has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shalin Parag Shodhan Also directs: Bebu Games Private Limited | Director | 09 Jul 2015 | 11 Years 3 Months | Current |
| Khyati Shodhan Also directs: Bebu Games Private Limited | Director | 02 Dec 2019 | 6 Years 10 Months | Current |
| Parag Roshan Shodhan | Director | 24 Oct 2011 | 15 Years 0 Months | Current |
Peer comparison
Masala Games Private Limited is compared with the 4 companies closest to it by revenue in the Ecommerce and Internet industry (Gaming Portal), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pacific Gaming Private Limited | ₹6.85 Cr (FY 2024) | -60.0% | Kolkata, West Bengal, India | |||
| Masala Games Private Limitedthis company | ₹6.42 Cr (FY 2025) | ₹41.34 Lakh | 6.4% | -2.0% | Ahmedabad, Gujarat, India | |
| Bamboo Tree Technology Private Limited | ₹6.09 Cr (FY 2021) | Bangalore, Karnataka, India | ||||
| Cricclubs India Private Limited | ₹5.02 Cr (FY 2024) | -5.0% | Hyderabad, Telangana, India | |||
| Reboot Game Studios Private Limited | ₹5.01 Cr (FY 2025) | -29.0% | Gurugram, Haryana, India |
To see the full peer comparison of Masala Games Private Limited, buy the company report.
Auditor
Masala Games Private Limited is audited by AMAL DATT & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| AMAL DATT & ASSOCIATES LLP | FY 2023 | 100294W/W100202 |
Shareholding
The shareholding of Masala Games 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) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Masala Games Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Masala Games 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 Masala Games Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Masala Games has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAHCM6655P1ZT | Gujarat | Active | 24 Aug 2017 |
To see the full GST registrations and return filing status of Masala Games Private Limited, buy the company report.
Recent activity
Masala Games Private Limited has 5 board changes on record since 2011: 3 appointments and 2 cessations. The latest: Khyati Shodhan was appointed as Director on 02 Dec 2019.
Frequently asked questions
Masala Games is an active private limited company based in Ahmedabad, Gujarat, India. The company works in online gaming platforms, within the internet industry. It was incorporated on 24 October 2011 (15+ years old) and is registered under CIN U72214GJ2011PTC067621.
Masala Games has 3 current directors:
- Shalin Parag Shodhan - Director
- Khyati Shodhan - Director
- Parag Roshan Shodhan - Director
The latest financial statements of Masala Games on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Masala Games is 24AAHCM6655P1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Masala Games is U72214GJ2011PTC067621. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Masala Games was incorporated on 24 October 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Masala Games by revenue are Pacific Gaming Private Limited, Bamboo Tree Technology Private Limited, Cricclubs India Private Limited, Reboot Game Studios Private Limited, all in the Ecommerce and Internet industry (Gaming Portal), with the same principal business activity (computer programming, consultancy and related activities).
Khyati Shodhan was appointed as Director on 02 Dec 2019. Khyati Shodhan ceased to be Manager on 02 Dec 2019. Shyamal Shodhan Parag ceased to be Director on 20 Nov 2015. Masala Games has 5 board changes on record in total.
Masala Games can be reached through the website masalagames.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Masala Games is at 9 Zion Prime Near Copper Stone, Thaltej – Shilaj Main Road Thaltej Ahmedabad 380059, Gujarat, India – 380059.
Masala Games operates in the internet industry, in the online gaming platforms segment.
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