About Spoyl Tech Solutions Private Limited
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Spoyl Tech Solutions Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 19 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2014PTC096907. Its GSTIN is 29AAGCB1365G1ZP (Karnataka). The company holds 35 GST registrations, of which 28 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4.33 Lakh. It was formerly known as B&N Retail Ventures Private Limited. It is led by directors Bhargavkumar Errangi and Errangi Giriraj.
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 House No.6 – 6 – 4/2 Plot No.2B Residential Complex Behind Apcpdcl Office Vasanthalipuram, Hyderabad, Telangana, India – 500070.
As per the financials filed for FY 2024, the company reported a revenue of ₹89 Lakh. For the same year it recorded a net profit of ₹30.76 Lakh (net margin 34.6%) and EBITDA of ₹36.34 Lakh (EBITDA margin 40.8%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 26% over five years.
The company has about 202 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Spoyl. As per MCA filings, the company has satisfied charges of ₹4 Cr on record. Court records list 22 cases involving the company, including 22 filed against it; 3 cases are pending. The company has 10 deals on record (7 funding rounds, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹61.72 Cr; the latest was in October 2019.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spoyl.in.
Company details
CIN history
Spoyl Tech Solutions has one previous CIN (Corporate Identification Number): U52300TG2014PTC096907. The current CIN is U72200TG2014PTC096907, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2014PTC096907 | Current |
| U52300TG2014PTC096907 | Previous |
Contact details
Spoyl Tech Solutions Private Limited's registered office is in Hyderabad, Telangana. Its website is spoyl.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressHouse No.6 – 6 – 4/2 Plot No.2B Residential Complex Behind Apcpdcl Office Vasanthalipuram, Hyderabad, Telangana, India – 500070
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Spoyl Tech Solutions 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 Spoyl Tech Solutions 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 Spoyl Tech Solutions Private Limited, buy the company report.
Financials of Spoyl Tech Solutions Private Limited
FY 2024 filings availableSpoyl Tech Solutions Private Limited reported revenue of ₹89 Lakh for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 26% over five years. 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 | ₹36.34 Lakh | ||||
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| Net Profit (PAT) | ₹30.76 Lakh | ||||
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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 | 40.8% | ||||
| Net Profit Margin | 34.6% | ||||
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To see the full financial statements and ratios of Spoyl Tech Solutions Private Limited, buy the company report.
Board of directors of Spoyl Tech Solutions Private Limited
Spoyl Tech Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhargavkumar Errangi Also directs: Humbl Apparel Private Limited, Poptech Growth Private Limited, Waterco Consultants India Private Limited and 1 more | Director | 12 Feb 2015 | 11 Years 8 Months | Current |
| Errangi Giriraj Also directs: B&E Retail Ventures Private Limited | Additional Director | 01 May 2023 | 3 Years 5 Months | Current |
Auditor
Spoyl Tech Solutions Private Limited is audited by G PANKAJ KUMAR & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G PANKAJ KUMAR & ASSOCIATES | FY 2019 | 016393S |
Shareholding
The shareholding of Spoyl Tech Solutions Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Spoyl Tech Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 May 2019 | 100269785 | Others | ₹4 Cr | Satisfied |
To see the full charge records of Spoyl Tech Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Spoyl Tech Solutions Private Limited has 10 deals on record (7 funding rounds, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹61.72 Cr; the latest was in October 2019.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2019 | Debt financing | ₹4 Cr | Investors: InnoVen Capital |
| Dec 2018 | Funding round · Series B | ₹13.15 Cr | Investors: Kimberlite Investment Holdings, Rajram Family Trust, an individual |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: 500 Global, an individual Seller: Kimberlite Investment Holdings, 2 individuals |
| Jul 2016 | Funding round · Seed | ₹10.47 Cr | Investors: Kimberlite Investment Holdings |
| May 2016 | Funding round | ₹16.6 Lakh | Investors: an individual |
To see the full deal history of Spoyl Tech Solutions 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
Spoyl Tech Solutions Private Limited has 22 court cases on record: 22 filed against it. 3 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 19 | 19 | 3 |
| High courts | 2 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Court case (Com.EX.) | Filed against the company by Shadowfax Technologies Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed against the company by Netcore Solutions Pvt. Ltd. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed against the company by Netcore Solutions Pvt. Ltd. | Pending |
| District court, New Delhi, Delhi | Court case (Ex.COMM - Award by Arb. Comm.) | Filed against the company by Shadowfax Technologies Pvt. Ltd. | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CHAMBER SUMMONS) | Filed against the company by Netcore Solutions Pvt. Ltd. | Disposed |
To see the full case history of Spoyl Tech Solutions 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 Spoyl Tech Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Spoyl Tech Solutions Private Limited has a workforce of 202 employees on its EPFO records as of Mar 27, 2024, across 1 active EPFO establishment.
GST
Spoyl Tech Solutions has 35 GST registrations: 28 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCB1365G1ZP | Karnataka | Active | 01 Jul 2017 |
| 29AAGCB1365G1C0 | Karnataka | Active | 23 Dec 2018 |
| 12AAGCB1365G1CF | Arunachal Pradesh | Active | 18 Feb 2019 |
| 22AAGCB1365G1CE | Chhattisgarh | Active | 18 Feb 2019 |
To see the full GST registrations and return filing status of Spoyl Tech Solutions Private Limited, buy the company report.
Recent activity
Spoyl Tech Solutions Private Limited has 5 board changes on record since 2015: 2 appointments and 3 cessations. The latest: Errangi Giriraj was appointed as Additional Director on 01 May 2023.
News
Frequently asked questions
Spoyl Tech Solutions is an active private limited company based in Hyderabad, Telangana, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 19 December 2014 (12+ years old) and is registered under CIN U72200TG2014PTC096907.
Spoyl Tech Solutions has 2 current directors:
- Bhargavkumar Errangi - Director
- Errangi Giriraj - Additional Director
The latest financial statements of Spoyl Tech Solutions 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 2015 are in the company report.
The GSTIN of Spoyl Tech Solutions is 29AAGCB1365G1ZP, registered in Karnataka. The company has 35 GST registrations in all, of which 28 are active and 7 are cancelled or inactive. Other active GSTINs include 29AAGCB1365G1C0 (Karnataka), 12AAGCB1365G1CF (Arunachal Pradesh), 22AAGCB1365G1CE (Chhattisgarh).
The CIN (Corporate Identification Number) of Spoyl Tech Solutions is U72200TG2014PTC096907. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spoyl Tech Solutions has 22 court cases on record: 22 filed against it. 3 are pending. Most are in the district courts.
Spoyl Tech Solutions was incorporated on 19 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Hyderabad.
Spoyl Tech Solutions has 10 deals on record (7 funding rounds, 2 secondary share transfers, 1 debt financing), with disclosed funding of ₹61.72 Cr; the latest was in October 2019.
Errangi Giriraj was appointed as Additional Director on 01 May 2023. Nagendra Prasad Juluru ceased to be Director on 01 May 2023. Soaib Grewal ceased to be Nominee Director on 19 Jan 2020. Spoyl Tech Solutions has 5 board changes on record in total.
Spoyl Tech Solutions can be reached through the website spoyl.in. Its registered office is in Hyderabad, Telangana, India.