About Spark Institutional Equities Private Limited
Data last updated:
Spark Institutional Equities Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Avendus Capital Private Limited. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 28 January 2022.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65999TN2022PTC149473. Its GSTIN is 33ABHCS7495J1ZQ (Tamil Nadu). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5.7 Cr and a paid-up capital of ₹3.99 Cr. It is led by directors Harikesh Venkatachalam (Whole-Time Director) and Anirban Banerjee.
Its last annual general meeting (AGM) was held on 29 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2023, the company reported a revenue of ₹158.35 Cr.
The company has about 142 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1,420 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 5 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹72.62 Cr; the latest was in January 2025. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website avendus.com.
Company details
Contact details
Spark Institutional Equities Private Limited's registered office is in Chennai, Tamil Nadu. Its website is avendus.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressEa Chambers Tower II No 49 50, 5th Floor Whites Road Royapettah, Chennai, Tamil Nadu, India – 600014
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Spark Institutional Equities 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
Spark Institutional Equities operates primarily in the financial and insurance service sector. 2 business activities are registered with the MCA.
| Main activity group | Business activity | Share of turnover |
|---|---|---|
| Financial and insurance Service | Other financial activities |
To see the full business activity and turnover split of Spark Institutional Equities Private Limited, buy the company report.
Financials of Spark Institutional Equities Private Limited
FY 2025 filings availableSpark Institutional Equities Private Limited reported revenue of ₹158.35 Cr for FY 2023.
Financial Statement Summary
| Metrics | FY 2022-23 | FY 2021-22 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ₹158.35 Cr | |
| Other Income | ||
| Total Revenue | ||
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ||
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | ||
| 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
| Metrics | FY 2022-23 | FY 2021-22 |
|---|---|---|
| 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 | ||
To see the full financial statements and ratios of Spark Institutional Equities Private Limited, buy the company report.
Board of directors and KMP of Spark Institutional Equities Private Limited
Spark Institutional Equities Private Limited currently reports 2 directors and 1 key managerial person. 5 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anirban Banerjee | Additional Director | 25 Sep 2025 | 1 Years 1 Months | Current |
| Harikesh Venkatachalam | Whole-Time Director | 19 Jul 2024 | 2 Years 3 Months | Current |
| Srivathsan Ramachandran | Ceo | 23 Jun 2025 | 1 Years 4 Months | Current |
Shareholding
The shareholding of Spark Institutional Equities Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Spark Institutional Equities Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Nov 2023 | 100825007 | Others | ₹20 Cr | Open | |
| 10 Aug 2023 | 100764959 | Others | ₹1,100 Cr | Open | |
| 23 Jan 2023 | 100668641 | Others | ₹300 Cr | Open |
To see the full charge records of Spark Institutional Equities Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Spark Institutional Equities Private Limited has 5 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹72.62 Cr; the latest was in January 2025.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2025 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Avendus Capital Seller: an individual |
| Dec 2022 | Acquisition | ₹152.78 Cr | Buyer: Avendus Capital Seller: S S Theatres LLP , 3 individuals |
| Dec 2022 | Funding round | ₹72.62 Cr | Investors: Avendus Capital |
| Apr 2022 | Rights issue | ₹1.25 Cr | Investors: Spark Capital Advisors (India) Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Spark Institutional Equities Private Limited has 2 court cases on record: 2 filed by Spark Institutional Equities. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
| NCLAT | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLAT, NCLAT Chennai | Company appeal | Filed by the company against an individual | Disposed |
To see the full case history of Spark Institutional Equities 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.
Credit ratings & regulatory alerts
Spark Institutional Equities Private Limited was last rated by Care on 26 Nov 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 26 Nov 2025 |
To see the full credit ratings and regulatory alerts of Spark Institutional Equities Private Limited, buy the company report.
MSME payment delays
Spark Institutional Equities Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Multi Tech Corporation |
To see the full MSME payment records of Spark Institutional Equities Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Spark Institutional Equities Private Limited has a workforce of 142 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 142 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 |
To see the full employee and EPFO history of Spark Institutional Equities Private Limited, buy the company report.
GST
Spark Institutional Equities has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33ABHCS7495J1ZQ | Tamil Nadu | Active | 16 May 2022 |
| 27ABHCS7495J1ZJ | Maharashtra | Active | 12 Jul 2022 |
To see the full GST registrations and return filing status of Spark Institutional Equities Private Limited, buy the company report.
Recent activity
Spark Institutional Equities Private Limited has 8 board changes on record since 2022: 3 appointments and 5 cessations. The latest: Anirban Banerjee was appointed as Additional Director on 25 Sep 2025.
4 earlier events are in the company report.
Frequently asked questions
Spark Institutional Equities is an active private limited company based in Chennai, Tamil Nadu, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 28 January 2022 (4+ years old) and is registered under CIN U65999TN2022PTC149473.
Spark Institutional Equities has 3 current directors and KMP:
- Harikesh Venkatachalam - Whole-Time Director
- Anirban Banerjee - Additional Director
- Srivathsan Ramachandran - Ceo
The latest financial statements of Spark Institutional Equities on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 August 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Spark Institutional Equities is 33ABHCS7495J1ZQ, registered in Tamil Nadu. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27ABHCS7495J1ZJ (Maharashtra).
The CIN (Corporate Identification Number) of Spark Institutional Equities is U65999TN2022PTC149473. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spark Institutional Equities has 2 court cases on record: 2 filed by the company. Most are in the nclt.
Spark Institutional Equities was incorporated on 28 January 2022, making it 4+ years old. It is registered with the Registrar of Companies, Chennai.
Spark Institutional Equities has 5 deals on record (2 secondary share transfers, 1 rights issue, 1 funding round), with disclosed funding of ₹72.62 Cr; the latest was in January 2025.
Anirban Banerjee was appointed as Additional Director on 25 Sep 2025. Srivathsan Ramachandran was appointed as CEO on 23 Jun 2025. Srivathsan Ramachandran ceased to be Additional Director on 22 Jun 2025. Spark Institutional Equities has 8 board changes on record in total.
Spark Institutional Equities has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 30 Apr 2024.
Spark Institutional Equities can be reached through the website avendus.com. Its registered office is in Chennai, Tamil Nadu, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
