About Sphere Rays Technolabs Private Limited
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Sphere Rays Technolabs Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 13 July 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72200GJ2011PTC066325. Its GSTIN is 24AAQCS1966A1ZD (Gujarat).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Hardik Hardasbhai Dangar and Preetam Radhakrishna Kumble.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Sphere Rays Asopalav Park, Rajkot, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.74 Cr, a decline of 38% compared to the previous year. For the same year it recorded a net profit of ₹6.16 Lakh (net margin 3.5%) and EBITDA of ₹36.37 Lakh (EBITDA margin 20.9%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 3% over five years.
The company is associated with 1 brand: Sphere Rays. As per MCA filings, the company has satisfied charges of ₹1.23 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sphererays.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSphere Rays Asopalav Park, Near Acrolawns Club Kalawad Road, Rajkot, Gujarat, India – 360005
- IndustryInformation Technology, Application Development & Software 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
- One PDF report, delivered after checkout
Business Activity of Sphere Rays Technolabs Private Limited
The main business activity of Sphere Rays Technolabs is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Sphere Rays Technolabs Private Limited FY 2025 filings available
Sphere Rays Technolabs Private Limited reported revenue of ₹1.74 Cr (down 38% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Sphere Rays Technolabs Private Limited
Revenue fell 38% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA fell 20% 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 Sphere Rays Technolabs 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 | ₹36.37 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.16 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Sphere Rays Technolabs Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.5% | •••• | •••• | •••• | •••• |
| 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 Sphere Rays Technolabs are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Sphere Rays Technolabs Private Limited
Sphere Rays Technolabs Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Technovo Web India Private Limited | ₹1.75 Cr (FY 2023) | •••• | •••• | -14.0% | •••• | Greater Noida, Uttar Pradesh, India |
| Dipsun Technologies OPC Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Kolkata, West Bengal, India |
| Winvinaya Infosystems India Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Bangalore, Karnataka, India |
| Fiction2fact Solutions Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Mumbai, Maharashtra, India |
| Jupiter Control Systems Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | 128.0% | •••• | Chennai, Tamil Nadu, India |
| Sphere Rays Technolabs Private Limited this company | ₹1.74 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Rajkot, Gujarat, India |
| Eazibiz Technologies Private Limited | ₹1.74 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Sowripalayam, Tamil Nadu, India |
| Contcentric IT Services Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | -44.0% | •••• | Ahmedabad, Gujarat, India |
| Teb Solutions Private Limited | ₹1.74 Cr (FY 2024) | •••• | •••• | 24.0% | •••• | Anekal, Karnataka, India |
| Cilans System Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | -38.0% | •••• | Ahmedabad, Gujarat, India |
| Aicence IT Solutions (OPC) Private Limited | ₹1.74 Cr (FY 2025) | •••• | •••• | -55.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Sphere Rays Technolabs by revenue in the same principal business activity (Computer programming, consultancy and related activities), 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 Sphere Rays Technolabs Private Limited
Sphere Rays Technolabs Private Limited is audited by T. R. DOSHI & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| T. R. DOSHI & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Sphere Rays Technolabs Private Limited
Sphere Rays Technolabs has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hardik Hardasbhai Dangar | Director | 13 Jul 2011 | 15 Years 2 Months | Current |
| Preetam Radhakrishna Kumble | Director | 13 Jul 2011 | 15 Years 2 Months | Current |
| Anup Kiritbhai Joshi Also directs: RT Sense Innovations Private Limited, Zaple India Technologies Private Limited, Aug AI Private Limited and 1 more | Director | 13 Jul 2011 | 15 Years 2 Months | Current |
Ownership and Shareholding of Sphere Rays Technolabs Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Sphere Rays Technolabs Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Jul 2019 | Hdfc Bank Limited | ₹90 Lakh | Satisfied |
| 20 Jun 2016 | Hdfc Bank Limited | ₹32.5 Lakh | Satisfied |
Total charge records: 2 View all charges
Associated Brands with Sphere Rays Technolabs Private Limited
Sphere Rays Technolabs operates one associated brand: Sphere Rays. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers custom software, ERP, CRM, and consultancy services to businesses worldwide. | sphererays.com |
Employees and EPFO Compliance at Sphere Rays Technolabs Private Limited
Employment history and EPFO contributions of people linked to Sphere Rays Technolabs.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Sphere Rays Technolabs Private Limited
Sphere Rays Technolabs Private Limited has 3 board changes on record since 2011: 3 appointments. The latest: Anup Kiritbhai Joshi was appointed as Director on 13 Jul 2011.
Credit Ratings, Litigation & Regulatory Alerts for Sphere Rays Technolabs Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Sphere Rays Technolabs Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Sphere Rays Technolabs Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Sphere Rays Technolabs Private Limited
Sphere Rays Technolabs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAQCS1966A1ZD | Gujarat | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Sphere Rays Technolabs Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Sphere Rays Technolabs Private Limited
Sphere Rays Technolabs is an active private limited company based in Rajkot, Gujarat, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 13 July 2011 (15+ years old) and is registered under CIN U72200GJ2011PTC066325.
Sphere Rays Technolabs reported revenue of ₹1.74 Cr for FY 2025 (down 38% YoY).
Sphere Rays Technolabs has 3 current directors:
- Hardik Hardasbhai Dangar - Director
- Preetam Radhakrishna Kumble - Director
- Anup Kiritbhai Joshi - Director
Sphere Rays Technolabs reported a net profit of ₹6.16 Lakh (net margin 3.5%) and EBITDA of ₹36.37 Lakh (EBITDA margin 20.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sphere Rays Technolabs is 4% over three years and 3% over five years. In the latest year (FY 2025) revenue fell 38%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sphere Rays Technolabs is 24AAQCS1966A1ZD, registered in Gujarat.
The CIN (Corporate Identification Number) of Sphere Rays Technolabs is U72200GJ2011PTC066325. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sphere Rays Technolabs was incorporated on 13 July 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Sphere Rays Technolabs by revenue are Technovo Web India Private Limited, Dipsun Technologies OPC Private Limited, Winvinaya Infosystems India Private Limited, Fiction2fact Solutions Private Limited, Jupiter Control Systems Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Anup Kiritbhai Joshi was appointed as Director on 13 Jul 2011. Hardik Hardasbhai Dangar was appointed as Director on 13 Jul 2011. Preetam Radhakrishna Kumble was appointed as Director on 13 Jul 2011.
Sphere Rays Technolabs can be reached through the website sphererays.com. Its registered office is in Rajkot, Gujarat, India.