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Spare8 Platforms Private Limited - internet in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹10.73 Lakh
▼ 3% YoY
Net loss · FY 2025
₹1.1 Cr
Latest filing
EBITDA · FY 2025
-₹1.07 Cr
Latest filing
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹35.28 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
of 2 registered
About Spare8 Platforms Private Limited
Data last updated:
Spare8 Platforms Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the online financial services segment of the internet and digital services sector. It was incorporated on 10 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2020PTC351655. Its GSTIN is 27ABFCS0744L1Z3 (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹35.28 Lakh. It is led by directors Shardul Saiya and Ronit Ravi Harisingani.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.73 Lakh, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹1.1 Cr and EBITDA of -₹1.07 Cr. Revenue has grown at a compounded annual rate (CAGR) of 439% over three years.
The company is associated with 1 brand: Spare8. The company has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹7.16 Cr; the latest was in February 2025. Its 10 peer companies in the Ecommerce and Internet industry (Finance) are compared by revenue, 5 larger and 5 smaller; the largest is Indo Finance Capital Ltd with revenue of ₹10.79 Lakh.
Spare8 Platforms Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0092935). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spare8.com.
Company Details of Spare8 Platforms Private Limited
CIN U72900MH2020PTC351655
Registration Number 351655
Incorporation Date 10 December 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0092935
Recognitions & Rankings of Spare8 Platforms
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0092935
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressGround Floor 2 Sita Mahal, 624 Linking Road, Mumbai, Maharashtra, India – 400052
- IndustryInternet, Online Financial Services
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Associated Brands with Spare8 Platforms Private Limited
Spare8 Platforms operates one associated brand: Spare8. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Digital gold investments are enabled from small starting amounts. | spare8.com |
Business Activity of Spare8 Platforms Private Limited
The main business activity of Spare8 Platforms is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Spare8 Platforms Private Limited FY 2024 filings available
Spare8 Platforms Private Limited reported revenue of ₹10.73 Lakh (down 3% YoY) for FY 2025.
Revenue · FY 2025
₹10.73 Lakh ▼ 3%
Net loss · FY 2025
₹1.1 Cr
EBITDA · FY 2025
-₹1.07 Cr
Compounded Annual Growth Rate (CAGR) of Spare8 Platforms Private Limited
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 439%
EBITDA CAGR growth
1 year
▲ 59%
3 years · compounded
▼ 180%
Revenue fell 3% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 439%. EBITDA rose 59% 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 of Spare8 Platforms Private Limited
| 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 | -₹1.07 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.1 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 of Spare8 Platforms Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Spare8 Platforms are in the company report.
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Financial statements from FY 2021
Earlier years and trend charts are in the company report.
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Board of Directors of Spare8 Platforms Private Limited
Spare8 Platforms has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shardul Saiya | Director | 07 Feb 2022 | 4 Years 8 Months | Current |
| Ronit Ravi Harisingani | Director | 10 Dec 2020 | 5 Years 10 Months | Current |
Peer Comparison of Spare8 Platforms Private Limited
Spare8 Platforms Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indo Finance Capital Ltd | ₹10.79 Lakh (FY 2024) | •••• | •••• | -60.0% | •••• | Kolkata, West Bengal, India |
| Vittastra Micro Finance Private Limited | ₹10.79 Lakh (FY 2024) | •••• | •••• | •••• | Nanpur, Bihar, India | |
| Vaishnavi Infoserve Private Limited | ₹10.79 Lakh (FY 2024) | •••• | •••• | -42.0% | •••• | Jalandhar, Punjab, India |
| GFC Securities & Finance Private Limited | ₹10.78 Lakh (FY 2025) | •••• | •••• | -25.0% | •••• | Kolkata, West Bengal, India |
| Infinix Finance Private Limited | ₹10.75 Lakh (FY 2021) | •••• | •••• | 190.0% | •••• | Delhi, India |
| Spare8 Platforms Private Limited this company | ₹10.73 Lakh (FY 2025) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| Indore Land & Finance Private Limited | ₹10.72 Lakh (FY 2025) | •••• | •••• | 73.0% | •••• | Indore, Madhya Pradesh, India |
| Superlative Finance and Investments P Ltd | ₹10.7 Lakh (FY 2025) | •••• | •••• | 1.0% | •••• | Mumbai, Maharashtra, India |
| Aegis Meridian Equity Research Private Limited | ₹10.67 Lakh (FY 2024) | •••• | •••• | -35.0% | •••• | Kalyananagar, Karnataka, India |
| Moldarin Investmart Private Limited | ₹10.66 Lakh (FY 2022) | •••• | •••• | 25935.0% | •••• | Arambagh, West Bengal, India |
| Cityshine Finsec Consultants Private Limited | ₹10.66 Lakh (FY 2017) | •••• | •••• | 9.0% | •••• | Hapur, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Spare8 Platforms by revenue in the Ecommerce and Internet industry (Finance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Spare8 Platforms Private Limited
Spare8 Platforms Private Limited is audited by Gunwani & Kolapkar for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Gunwani & Kolapkar | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Spare8 Platforms Private Limited
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Charges & Borrowings of Spare8 Platforms Private Limited
Spare8 Platforms Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Spare8 Platforms Private Limited
Spare8 Platforms Private Limited has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹7.16 Cr; the latest was in February 2025.
Total deals
4
Funding rounds
2
Rights issue
1
Secondary share transfer
1
Disclosed funding
₹7.16 Cr
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2025 | Funding round | ₹1.15 Cr | Investors: Gold Standard Wealth Private Limited, an individual |
| Jul 2022 | Funding round · Seed | ₹6.01 Cr | Investors: 2 a.m. Ventures, Incisive Ventures, Broom Ventures |
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| May 2021 | Rights issue | ₹10 Lakh | Investors: an individual |
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Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Spare8 Platforms Private Limited
Spare8 Platforms Private Limited has a workforce of 0 employees as of Mar 30, 2024.
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Spare8 Platforms Private Limited
Spare8 Platforms Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Ravi Gopal Harisingani ceased to be Director on 15 Nov 2025.
Ceased
Ravi Gopal Harisingani ceased to be Director.
AGM
Spare8 Platforms Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Spare8 Platforms Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Shardul Saiya ceased to be Additional Director.
Appointed
Shardul Saiya was appointed as Director.
Appointed
Ronit Ravi Harisingani was appointed as Director.
Incorporation
10 Dec 2020
Spare8 Platforms Private Limited was registered on 10 Dec 2020 with Roc Mumbai & aged 5 years 10 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Spare8 Platforms Private Limited
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MSME Payment Delays by Spare8 Platforms Private Limited
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Subsidiaries & Group Companies of Spare8 Platforms Private Limited
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Corporate group structure
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GST Compliance of Spare8 Platforms Private Limited
Spare8 Platforms has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABFCS0744L1Z3 | Maharashtra | Active | 05 Jan 2021 |
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MCA Filings & Documents of Spare8 Platforms Private Limited
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Related news about Spare8 Platforms Private Limited
Frequently Asked Questions about Spare8 Platforms Private Limited
Spare8 Platforms is an active private limited company based in Mumbai, Maharashtra, India. The company works in online financial services, within the internet industry. It was incorporated on 10 December 2020 (6+ years old) and is registered under CIN U72900MH2020PTC351655.
Spare8 Platforms reported revenue of ₹10.73 Lakh for FY 2025 (down 3% YoY).
Spare8 Platforms has 2 current directors:
- Shardul Saiya - Director
- Ronit Ravi Harisingani - Director
Spare8 Platforms reported a net loss of ₹1.1 Cr and EBITDA of -₹1.07 Cr for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Spare8 Platforms is 439% over three years. In the latest year (FY 2025) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Spare8 Platforms is 27ABFCS0744L1Z3, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Spare8 Platforms is U72900MH2020PTC351655. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spare8 Platforms was incorporated on 10 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Spare8 Platforms has 4 deals on record (2 funding rounds, 1 rights issue, 1 secondary share transfer), with disclosed funding of ₹7.16 Cr; the latest was in February 2025.
The peers of Spare8 Platforms by revenue are Indo Finance Capital Ltd, Vittastra Micro Finance Private Limited, Vaishnavi Infoserve Private Limited, GFC Securities & Finance Private Limited, Infinix Finance Private Limited and 5 more, all in the Ecommerce and Internet industry (Finance).
Ravi Gopal Harisingani ceased to be Director on 15 Nov 2025. Shardul Saiya ceased to be Additional Director on 30 Sep 2022. Shardul Saiya was appointed as Director on 07 Feb 2022. Spare8 Platforms has 4 board changes on record in total.