About Spice Money Limited
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Spice Money Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Digispice Technologies Limited. It operates in the digital payment solutions segment of the financial services sector. It was incorporated on 04 April 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U64199DL2000PLC104989. Its GSTIN is 07AABCC9662Q1C9 (Delhi). The company holds 23 GST registrations, of which 17 are active.
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹57.37 Cr. It was formerly known as Cellebrum Technologies Limited. It is led by directors including Sunil Kumar Kapoor (Whole-Time Director) and Veena Vikas Mankar.
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ja – 122 1st Floor DLF Tower – A, Jasola District Centre, New Delhi, Delhi, India – 110025.
As per the financials filed for FY 2024, the company reported a revenue of ₹459.78 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹13.06 Cr (net margin 2.8%) and EBITDA of ₹33.14 Cr (EBITDA margin 7.2%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 26% over five years.
The company has about 1,219 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Spice Money and DiGiSPICE. As per MCA filings, the company has open charges of ₹53.44 Cr and satisfied charges of ₹90.67 Cr on record. Court records list 36 cases involving the company, including 25 filed by the company and 11 filed against it; 14 cases are pending. The company has 15 deals on record (10 secondary share transfers, 4 funding rounds, 1 acquisition), with disclosed funding of ₹126.11 Cr; the latest was in March 2024. Its 3 peer companies in the BFSI industry (Payment Solution Providers), with the same principal business activity (other information & communication service activities) are compared by revenue, 2 larger and 1 smaller; the largest is TFC Digital Private Limited with revenue of ₹514.34 Cr. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 4 overdue payments to 2 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 spicemoney.com.
Company details
Name history
Spice Money has undergone 6 name changes throughout its history. The current legal name is Spice Money Limited.
| Company Name | Status |
|---|---|
| Spice Money Limited | Current |
| Cellebrum Technologies Limited | Previous |
| Cellebrum.Com Limited | Previous |
| Cellebrum.Com Limited | Previous |
| Spice Digital Limited | Previous |
| Cellebrum.Com Private Limited | Previous |
CIN history
Spice Money has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U64199DL2000PLC104989, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64199DL2000PLC104989 | Current |
| U72900DL2000PTC104989 | Previous |
| U72900DL2000PLC104989 | Previous |
Contact details
Spice Money Limited's registered office is in New Delhi, Delhi.
- Social Media
- Apps
- Registered AddressJa – 122 1st Floor DLF Tower – A, Jasola District Centre, New Delhi, Delhi, India – 110025
- IndustryFinancial Services, Digital Payment Solutions
- 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
Spice Money operates two associated brands: Spice Money and DiGiSPICE. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Digital payment and banking service provider in rural areas | spicemoney.com | |
| Provides suite solutions for government agencies | digispice.com |
Business activity
The main business activity of Spice Money is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Spice Money Limited, buy the company report.
Financials of Spice Money Limited
FY 2024 filings availableSpice Money Limited reported revenue of ₹459.78 Cr (up 4% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 26% over five years, including 4% growth in the latest year. EBITDA rose 116% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹33.14 Cr | ||||
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| Net Profit (PAT) | ₹13.06 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 7.2% | ||||
| Net Profit Margin | 2.8% | ||||
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To see the full financial statements and ratios of Spice Money Limited, buy the company report.
Board of directors of Spice Money Limited
Spice Money has 7 current directors and 45 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Narasimhan Srikrishna Also directs: WSFX Global Pay Limited | Additional Director | 12 Feb 2025 | 1 Years 8 Months | Current |
| Sunil Kumar Kapoor | Whole-Time Director | 02 May 2019 | 7 Years 5 Months | Current |
| Veena Vikas Mankar Also directs: PB Fintech Limited, Digispice Technologies Limited, Paisabazaar Marketing and Consulting Private Limited and 2 more | Director | 09 Nov 2022 | 3 Years 11 Months | Current |
| Pankaj Vaish | Additional Director | 15 Mar 2025 | 1 Years 7 Months | Current |
| Ram Nirankar Rastogi Also directs: Digispice Technologies Limited, Network People Services Technologies Limited, Trillionloans Fintech Private Limited and 3 more | Additional Director | 20 May 2025 | 1 Years 5 Months | Current |
| Ramesh Venkataraman Also directs: Digispice Technologies Limited, WSFX Global Pay Limited | Director | 07 Nov 2019 | 6 Years 11 Months | Current |
Peer comparison
Spice Money Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Payment Solution Providers), with the same principal business activity (other information & communication service activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| TFC Digital Private Limited | ₹514.34 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India | |||
| Indicore Infocomm Private Limited | ₹474.05 Cr (FY 2025) | 38.0% | New Delhi, Delhi, India | |||
| Spice Money Limitedthis company | ₹459.78 Cr (FY 2024) | ₹13.06 Cr | 2.8% | 4.0% | New Delhi, Delhi, India | |
| Yoke Payment India Private Limited | ₹433.83 Cr (FY 2025) | 3531.0% | New Delhi, Delhi, India |
To see the full peer comparison of Spice Money Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jul 2023 | 100757691 | Karnataka Bank Ltd. | ₹1.9 Cr | Open | |
| 12 Jun 2023 | 100756933 | Axis Bank Limited | ₹8 Cr | Open | |
| 17 Mar 2023 | 100704513 | Others | ₹9.5 Cr | Open | |
| 19 May 2022 | 100582929 | The South Indian Bank Limited | ₹9 Lakh | Open | |
| 25 Feb 2022 | 100548288 | Others | ₹4.5 Cr | Open |
To see the full charge records of Spice Money Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Spice Money Limited has 15 deals on record (10 secondary share transfers, 4 funding rounds, 1 acquisition), with disclosed funding of ₹126.11 Cr; the latest was in March 2024.
Deals on record (5 of 15)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Seller: Digispice Technologies Limited |
| Dec 2017 | Funding round | ₹29.72 Cr | Investors: Digispice Technologies Limited |
| Oct 2017 | Secondary share transfer | Undisclosed | Buyer: Digispice Technologies Limited Seller: Mediatek Singapore Pte Limited, 3 individuals |
| Sep 2012 | Secondary share transfer | Undisclosed | Buyer: Digispice Technologies Limited Seller: 4 individuals |
| Jul 2012 | Secondary share transfer | Undisclosed | Buyer: Digispice Technologies Limited Seller: an individual |
To see the full deal history of Spice Money 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
Spice Money Limited has 36 court cases on record: 25 filed by Spice Money, 11 filed against it. 14 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 6 | 10 |
| High courts | 12 | 4 | 4 |
| Supreme Court | 2 | 1 | 0 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed by the company against CCL Optoelectronics Private Limited and Another One | Pending |
| District court, South, Delhi | Commercial suit | Filed against the company by M/S Tangent Infocom Pvt Ltd. | Disposed |
| High Court | Appeal | Filed against the company by M/S.Apalya Technologies Pvt.Ltd. Plot No.89, 8-2-120/76, 2Nd Floor, | Disposed |
| District court, South East, Delhi | Criminal case | Filed by the company against Yayavar Tours Pvt Ltd | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Vistaas Digital Media Pvt. Ltd. | Disposed |
To see the full case history of Spice Money 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.
Credit ratings & regulatory alerts
Spice Money Limited was last rated by Crisil on 26 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 26 Aug 2020 |
To see the full credit ratings and regulatory alerts of Spice Money Limited, buy the company report.
MSME payment delays
Spice Money Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 4 overdue payments to 2 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 (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Rhapsody Application Solutions Private Limited | |||
| Rhapsody Ventures Private Limited |
To see the full MSME payment records of Spice Money Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Spice Money has 23 GST registrations: 17 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCC9662Q1C9 | Delhi | Active | 19 Dec 2022 |
| 03AABCC9662Q1Z6 | Punjab | Active | 01 Jul 2017 |
| 05AABCC9662Q1Z2 | Uttarakhand | Active | 01 Jul 2017 |
| 09AABCC9662Q1ZU | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spice Money Limited, buy the company report.
Recent activity
Spice Money Limited has 46 board changes on record since 2006: 9 appointments and 37 cessations. The latest: Ram Nirankar Rastogi was appointed as Additional Director on 20 May 2025.
57 earlier events are in the company report.
News
Frequently asked questions
Spice Money is an active public limited company based in New Delhi, Delhi, India. The company works in digital payment solutions, within the financial services industry. It was incorporated on 04 April 2000 (26+ years old) and is registered under CIN U64199DL2000PLC104989.
Spice Money has 7 current directors:
- Sunil Kumar Kapoor - Whole-Time Director
- Narasimhan Srikrishna - Additional Director
- Veena Vikas Mankar - Director
- Pankaj Vaish - Additional Director
- Ram Nirankar Rastogi - Additional Director
- Ramesh Venkataraman - Director
- Mrutyunjay Mahapatra - Director
The latest financial statements of Spice Money on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Spice Money is 07AABCC9662Q1C9, registered in Delhi. The company has 23 GST registrations in all, of which 17 are active and 6 are cancelled or inactive. Other active GSTINs include 03AABCC9662Q1Z6 (Punjab), 05AABCC9662Q1Z2 (Uttarakhand), 09AABCC9662Q1ZU (Uttar Pradesh).
The CIN (Corporate Identification Number) of Spice Money is U64199DL2000PLC104989. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spice Money has 36 court cases on record: 25 filed by the company and 11 filed against it. 14 are pending. Most are in the district courts.
Spice Money was incorporated on 04 April 2000, making it 26+ years old. It is registered with the Registrar of Companies, Delhi.
Spice Money has 15 deals on record (10 secondary share transfers, 4 funding rounds, 1 acquisition), with disclosed funding of ₹126.11 Cr; the latest was in March 2024.
The peers of Spice Money by revenue are TFC Digital Private Limited, Indicore Infocomm Private Limited, Yoke Payment India Private Limited, all in the BFSI industry (Payment Solution Providers), with the same principal business activity (other information & communication service activities).
Ram Nirankar Rastogi was appointed as Additional Director on 20 May 2025. Pankaj Vaish was appointed as Additional Director on 15 Mar 2025. Narasimhan Srikrishna was appointed as Additional Director on 12 Feb 2025. Spice Money has 46 board changes on record in total.
Spice Money has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 4 overdue payments to 2 micro and small suppliers. The latest return was filed on 30 May 2019.
Spice Money can be reached through the website spicemoney.com. Its registered office is in New Delhi, Delhi, India.