Spa Capital Services Limited
About Spa Capital Services Limited
Data last updated: 06 January 2026
Spa Capital Services Limited is a public limited company based in New Delhi, Delhi, India. It specialises in non-banking financial services (NBFC), a part of the broader financial services sector. Incorporated on 20 July 1984, the company has been in operation for over 42 years.
Registered with ROC Delhi under CIN L65910DL1984PLC018749. Listed on BSE: 542376.
Capital: an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.07 Cr. Formerly known as Aristocrat Leasing and Finance Limited. It is led by directors including Sugeeta Upadhyay and Sandeep Parwal.
Last AGM: 29 September 2025. Financial statements filed for year ended 31 March 2025. Office: 25 C – Block Community Centrejanakpuri, New Delhi, Delhi, India – 110058.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.08 Cr, a growth of 27% compared to the previous year.
The company is associated with 1 brand - Spa Capital Services. As per MCA filings, the company has open charges of ₹11.24 Cr and satisfied charges of ₹2.32 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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Email*****@*****.com
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Telephone+91-****-******
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Website
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Social Media**************
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Registered Address25 C – Block Community Centrejanakpuri, New Delhi, Delhi, India – 110058
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IndustryFinancial Services, NBFC, Investment & Credit NBFC
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Spa Capital Services Limited
Spa Capital Services Limited has one previous CIN (Corporate Identification Number): U65910DL1984PLC018749. The current CIN is L65910DL1984PLC018749, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L65910DL1984PLC018749 | Current |
| U65910DL1984PLC018749 | Previous |
Associated Brands with Spa Capital Services Limited
Spa Capital Services Limited operates one associated brand: SPA Capital Services. These brands represent Spa Capital Services Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Offers financial advisory, wealth management, insurance, and merchant banking services across India. | spacapital.com |
Competitors & Alternatives of Spa Capital Services Limited
Brands and companies operating in the same space as Spa Capital Services Limited include Fidelity Investments, UTI Mutual Fund, Goldman Sachs and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
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Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | Boston, United States, United States | 1946 |
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Mutual funds, portfolio management, and retirement planning services are offered. | Mumbai, India, India | 2001 |
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Investment banking services are delivered across multiple financial sectors. | New York, United States, United States | 1869 |
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Platform offering business intelligence solutions that combine data and actionable analytics for clients | New York, United States, United States | 1917 |
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Commercial banking and asset management services are offered worldwide. | Charlotte, United States, United States | 1904 |
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Financial services are provided to asset managers worldwide. | Boston, United States, United States | - |
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Software suites for banks and financial institutions are provided. | Jacksonville, United States, United States | 1968 |
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Corporate advisory and investment services are provided to clients. | Mumbai, India, India | 1999 |
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Asset and wealth management software is provided for businesses. | Mumbai, India, India | 2008 |
Business Activity of Spa Capital Services Limited
Spa Capital Services Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including activities by trusts, funds and other financial holding companies, financial advisory, brokerage and consultancy services. The company has 2 registered principal business activity segments, demonstrating its operational diversity and market reach.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K2 | Activities by Trusts, funds and other financial holding companies | ********* |
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | ********* |
Auditor Details of Spa Capital Services Limited
Spa Capital Services Limited is audited by SNMG & Co. for the financial year 2019. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SNMG & Co. | blur-value | blur-value | blur-value |
Board of Directors of Spa Capital Services Limited
Spa Capital Services Limited is currently managed by 7 directors, with 21 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Sugeeta Upadhyay
Also directs:
Spa Capital Services Limited
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Director | 27 Jul 2020 | 5 Years 11 Months | Current |
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Sandeep Parwal
Also directs:
Teshaam Global Advisors Llp, Sns Green Nxgn Global Solutions Llp, Spa Capital Services Limited and 5 more
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Managing Director | 15 Nov 2003 | 22 Years 7 Months | Current |
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Honey Parwal
Also directs:
Spa Capital Services Limited, Bhoopati Trading Private Limited, Bluemoon Financial Services Private Limited and 5 more
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Director | 25 Sep 2017 | 8 Years 9 Months | Current |
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Ritesh Tanwar
Also directs:
Spa Capital Services Limited
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Additional Director | 14 Nov 2025 | 0 Years 7 Months | Current |
Financials of Spa Capital Services Limited FY 2024 filings available
Spa Capital Services Limited reported revenue of ₹21.08 Cr (up 27.3% YoY) for FY 2024. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Revenue from Operations | ₹21.08 Cr | ₹16.56 Cr | ₹16.38 Cr | ₹30.95 Cr | ₹32.67 Cr |
| Interest Earned | ₹0 | ₹0 | ₹0 | ₹6.5 Lakh | ₹58.4 Lakh |
| Other Income | ₹20,000 | ₹7.7 Lakh | ₹5.1 Lakh | ₹16 Lakh | ₹3.3 Lakh |
| Total Income | ₹21.08 Cr | ₹16.64 Cr | ₹16.43 Cr | ₹31.11 Cr | ₹32.71 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹21.3 Cr | ₹1.75 Cr | ₹1 Cr | ₹6.08 Cr | ₹0 |
| Changes in Inventories | -₹14.69 Cr | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹2.46 Cr | ₹2.47 Cr | ₹2.79 Cr | ₹2.4 Cr | ₹5.07 Cr |
| Finance Costs | ₹38.8 Lakh | ₹31.6 Lakh | ₹45.3 Lakh | ₹51 Lakh | ₹1.03 Cr |
| Depreciation & Amortisation | ₹13.4 Lakh | ₹16.7 Lakh | ₹20.4 Lakh | ₹31.4 Lakh | ₹39.5 Lakh |
| Other Expenses | ₹1.95 Cr | ₹1.35 Cr | ₹1.29 Cr | ₹92 Lakh | ₹2.04 Cr |
| Total Expenses | ₹20.89 Cr | ₹16.29 Cr | ₹16.08 Cr | ₹31.74 Cr | ₹32.01 Cr |
| Profit Before Exceptional Items & Tax | ₹19.1 Lakh | ₹34.7 Lakh | ₹34.4 Lakh | -₹63.4 Lakh | ₹69.7 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | -₹7.7 Lakh | -₹80,000 |
| Profit Before Tax | ₹19.1 Lakh | ₹34.7 Lakh | ₹34.4 Lakh | -₹71.1 Lakh | ₹68.9 Lakh |
| Total Tax Expense | -₹18.9 Lakh | ₹7.3 Lakh | ₹11.3 Lakh | -₹21.6 Lakh | ₹34.4 Lakh |
| Net Profit | ₹64.8 Lakh | ₹44 Lakh | ₹23 Lakh | -₹54.2 Lakh | ₹34.1 Lakh |
| attributable to Owners | ₹0 | ₹0 | - | - | - |
| attributable to NCI | ₹0 | ₹0 | - | - | - |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | -₹93.9 Lakh |
| Total Comprehensive Income | ₹64.8 Lakh | ₹44 Lakh | ₹23 Lakh | -₹54.2 Lakh | -₹59.8 Lakh |
| EBITDA (computed) | ₹71.3 Lakh | ₹83 Lakh | ₹1 Cr | ₹19 Lakh | ₹2.12 Cr |
| Basic EPS | ₹2.11 | ₹1.43 | ₹0.75 | ₹2.97 | ₹-1.94 |
| Diluted EPS | ₹2.11 | ₹1.43 | ₹0.75 | ₹2.97 | ₹-1.94 |
| Metrics | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Total Assets | ₹43.49 Cr | ₹42.1 Cr | ₹41.77 Cr | ₹43.57 Cr | ₹57.6 Cr |
| Property, Plant & Equipment | ₹45.1 Lakh | ₹52.4 Lakh | ₹60.5 Lakh | ₹79.2 Lakh | ₹1.13 Cr |
| Inventories | ₹14.69 Cr | ₹30,000 | ₹30,000 | ₹30,000 | ₹30,000 |
| Cash & Equivalents | ₹16 Lakh | ₹20.4 Lakh | ₹22.4 Lakh | ₹27.2 Lakh | ₹28.9 Lakh |
| Equity (Net Worth) | ₹16.89 Cr | ₹16.24 Cr | ₹15.8 Cr | ₹15.58 Cr | ₹16.67 Cr |
| Equity Share Capital | ₹3.07 Cr | ₹3.07 Cr | ₹3.07 Cr | ₹3.07 Cr | ₹3.07 Cr |
| Total Liabilities | ₹26.61 Cr | ₹25.86 Cr | ₹25.97 Cr | ₹28 Cr | ₹40.93 Cr |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | ₹3.54 Cr | ₹2.35 Cr | ₹50,000 |
| Investing Cash Flow | -₹5.89 Cr | -₹4.1 Lakh | -₹6.3 Lakh |
| Financing Cash Flow | ₹2.3 Cr | -₹2.33 Cr | ₹1 Lakh |
| Capital Expenditure | ₹18.7 Lakh | ₹5.1 Lakh | ₹6.8 Lakh |
| Free Cash Flow (computed) | ₹3.36 Cr | ₹2.3 Cr | -₹6.3 Lakh |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹4.4 Lakh | -₹2 Lakh | -₹4.8 Lakh |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Revenue from Operations | ₹21.08 Cr | ₹16.56 Cr | ₹16.38 Cr |
| Interest Earned | ₹0 | ₹0 | ₹0 |
| Other Income | ₹20,000 | ₹7.7 Lakh | ₹5.1 Lakh |
| Total Income | ₹21.08 Cr | ₹16.64 Cr | ₹16.43 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹21.3 Cr | ₹1.75 Cr | ₹1 Cr |
| Changes in Inventories | -₹14.69 Cr | ₹0 | ₹0 |
| Employee Benefit Expense | ₹2.46 Cr | ₹2.47 Cr | ₹2.79 Cr |
| Finance Costs | ₹38.8 Lakh | ₹31.6 Lakh | ₹45.3 Lakh |
| Depreciation & Amortisation | ₹13.4 Lakh | ₹16.7 Lakh | ₹20.4 Lakh |
| Other Expenses | ₹1.95 Cr | ₹1.35 Cr | ₹1.29 Cr |
| Total Expenses | ₹20.89 Cr | ₹16.29 Cr | ₹16.08 Cr |
| Profit Before Exceptional Items & Tax | ₹19.1 Lakh | ₹34.7 Lakh | ₹34.4 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹19.1 Lakh | ₹34.7 Lakh | ₹34.4 Lakh |
| Total Tax Expense | -₹18.9 Lakh | ₹7.3 Lakh | ₹11.3 Lakh |
| Net Profit | ₹38 Lakh | ₹27.4 Lakh | ₹23.1 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹38 Lakh | ₹27.4 Lakh | ₹23.1 Lakh |
| EBITDA (computed) | ₹71.3 Lakh | ₹83 Lakh | ₹1 Cr |
| Basic EPS | ₹1.24 | ₹0.89 | ₹0.75 |
| Diluted EPS | ₹1.24 | ₹0.89 | ₹0.75 |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Total Assets | ₹43.11 Cr | ₹41.98 Cr | ₹41.82 Cr |
| Property, Plant & Equipment | ₹45.1 Lakh | ₹52.4 Lakh | ₹60.5 Lakh |
| Inventories | ₹14.69 Cr | ₹30,000 | ₹30,000 |
| Cash & Equivalents | ₹16 Lakh | ₹20.4 Lakh | ₹22.4 Lakh |
| Equity (Net Worth) | ₹16.51 Cr | ₹16.13 Cr | ₹15.85 Cr |
| Equity Share Capital | ₹3.07 Cr | ₹3.07 Cr | ₹3.07 Cr |
| Total Liabilities | ₹26.6 Cr | ₹25.86 Cr | ₹25.97 Cr |
| Metrics | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|
| Operating Cash Flow | ₹3.27 Cr | ₹2.35 Cr | ₹50,000 |
| Investing Cash Flow | -₹5.62 Cr | -₹4.1 Lakh | -₹6.3 Lakh |
| Financing Cash Flow | ₹2.3 Cr | -₹2.33 Cr | ₹1 Lakh |
| Capital Expenditure | ₹18.7 Lakh | ₹5.1 Lakh | ₹6.8 Lakh |
| Free Cash Flow (computed) | ₹3.09 Cr | ₹2.3 Cr | -₹6.3 Lakh |
| Dividends Paid | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | -₹4.5 Lakh | -₹2.1 Lakh | -₹4.8 Lakh |
| Metrics | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|
| Revenue from Operations | ₹6.05 Cr | ₹8.83 Cr | ₹4.06 Cr |
| Interest Earned | ₹3.5 Lakh | ₹6.9 Lakh | ₹11.1 Lakh |
| Other Income | ₹0 | ₹0 | ₹0 |
| Total Income | ₹6.05 Cr | ₹8.83 Cr | ₹4.06 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹6.31 Cr | ₹2 Cr | ₹1.32 Cr |
| Changes in Inventories | -₹4.99 Cr | ₹19.6 Lakh | ₹23.3 Lakh |
| Employee Benefit Expense | ₹59.6 Lakh | ₹61.1 Lakh | ₹58.7 Lakh |
| Finance Costs | ₹8.9 Lakh | ₹10.2 Lakh | ₹11.5 Lakh |
| Depreciation & Amortisation | ₹3.1 Lakh | ₹3 Lakh | ₹3.1 Lakh |
| Other Expenses | ₹60.3 Lakh | ₹85.4 Lakh | ₹86.2 Lakh |
| Total Expenses | ₹5.87 Cr | ₹8.64 Cr | ₹3.92 Cr |
| Profit Before Exceptional Items & Tax | ₹18.1 Lakh | ₹19 Lakh | ₹13.6 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹18.1 Lakh | ₹19 Lakh | ₹13.6 Lakh |
| Total Tax Expense | ₹4.5 Lakh | ₹4.5 Lakh | ₹3.5 Lakh |
| Net Profit | ₹13.6 Lakh | ₹14.5 Lakh | ₹10.1 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | ₹13.6 Lakh | ₹14.5 Lakh | ₹10.1 Lakh |
| EBITDA (computed) | ₹30.1 Lakh | ₹32.2 Lakh | ₹28.2 Lakh |
| Basic EPS | ₹0.44 | ₹0.47 | ₹0.33 |
| Diluted EPS | ₹0.44 | ₹0.47 | ₹0.33 |
Shareholding Pattern of Spa Capital Services Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 68.74%, retail and other public shareholders hold 31.26% of Spa Capital Services Limited. The company had 459 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 68.74% | 68.74% | 68.74% | 68.74% | 68.74% | 68.74% |
| Public | 31.26% | 31.26% | 31.26% | 31.26% | 31.26% | 31.26% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 68.74% | 68.74% | 68.74% |
| Public | 31.26% | 31.26% | 31.26% |
| Promoter change (YoY, %pts) | +0.00 | +0.00 | - |
Group Structure of Spa Capital Services Limited
Spa Capital Services Limited has 1 associated company. This group structure data is as of FY 2023. The corporate group structure reflects Spa Capital Services Limited's business expansion strategy and organizational complexity.
Charges & Borrowings of Spa Capital Services Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Dec 2024 | Others | ₹72.82 Lakh | Open |
| 30 Mar 2013 | Indusind Bank Ltd. | ₹10.51 Cr | Open |
| 25 May 2015 | Hdfc Bank Limited | ₹11.92 Lakh | Satisfied |
| 28 Oct 2014 | Kotak Mahindra Prime Limited | ₹19.91 Lakh | Satisfied |
| 23 Mar 2013 | Reliance Capital Ltd | ₹2 Cr | Satisfied |
Total charge records: 5 View all charges
Employees and EPFO Compliance at Spa Capital Services Limited
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Employee Count & EPFO Data of Spa Capital Services Limited
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GST Compliance of Spa Capital Services Limited
GSTIN & GST Filing Data of Spa Capital Services Limited
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Credit Ratings, Litigation & Regulatory Alerts for Spa Capital Services Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Spa Capital Services Limited
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MSME Payment Delays by Spa Capital Services Limited
MSME Payment Delays by Spa Capital Services Limited
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Subsidiaries & Group Companies of Spa Capital Services Limited
Subsidiaries & Group Companies of Spa Capital Services Limited
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MCA Filings & Documents of Spa Capital Services Limited
MCA Filings & Documents of Spa Capital Services Limited
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Recent Activity on Spa Capital Services Limited
Recent News on Spa Capital Services Limited
Frequently Asked Questions about Spa Capital Services Limited
Spa Capital Services Limited is an active public limited company in the financial services sector based in New Delhi, Delhi, India. It was incorporated on 20 July 1984 (42+ years old) and is registered under CIN L65910DL1984PLC018749. Listed on BSE: 542376.
Spa Capital Services Limited reported revenue of ₹21.08 Cr for FY 2024 (up 27.00% YoY).
The current directors of Spa Capital Services Limited are:
- Sugeeta Upadhyay
- Sandeep Parwal
- Manish Kumar
- Honey Parwal
- Vaishnavi Sharma
- Sumit
- Ritesh Tanwar
The primary industry of Spa Capital Services Limited is financial services. The company specifically operates in nbfc. The company is currently active in this sector.
Yes. Spa Capital Services Limited is listed on BSE with code 542376.
Spa Capital Services Limited can be reached at the registered office: 25 C – Block Community Centrejanakpuri, New Delhi, Delhi, India – 110058.