About Spi Music Private Limited
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Spi Music Private Limited is a private limited company based in Chennai, Tamil Nadu, India, a subsidiary of Believe International. It operates in the creative segment of the art and creative services sector. It was incorporated on 05 July 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U92490TN2005PTC173619. Its GSTIN is 33AAACZ2711J1ZJ (Tamil Nadu).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1.11 Lakh. It was formerly known as Zr and Z Realtors Private Limited. It is led by directors including Sylvain Jean Joseph Delange and Vivek Rajnath Raina.
Its last annual general meeting (AGM) was held on 27 June 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 2025, the company reported a revenue of ₹80.24 Cr, a growth of 65% compared to the previous year. For the same year it recorded a net profit of ₹12.66 Cr (net margin 15.8%) and EBITDA of ₹62.35 Cr (EBITDA margin 77.7%). Revenue has grown at a compounded annual rate (CAGR) of 42% over three years and 36% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Think Music. Court records list 22 cases involving the company, including 5 filed by the company and 17 filed against it; 2 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹48 Lakh; the latest was in December 2021. The company has 5 MSME Form 1 returns on record between 2023 and 2024, listing 23 overdue payments to 7 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thinkmusic.in.
Company details
CIN history
Spi Music has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U92490TN2005PTC173619, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U92490TN2005PTC173619 | Current |
| U70102AP2005PTC046755 | Previous |
| U92490AP2005PTC046755 | Previous |
Contact details
Spi Music Private Limited's registered office is in Chennai, Tamil Nadu.
- Social Media
- Registered AddressNew No. 28 Old No. 12 1st Floor, Asv Bethel Square Sivaganga Road, Chennai, Tamil Nadu, India – 600034
- IndustryArt, Creative, Arts And Entertainment Activities
- 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
Brands
Spi Music operates one associated brand: Think Music. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Representation, licensing, and publishing services for music are provided. | thinkmusic.in |
Business activity
The main business activity of Spi Music is arts, entertainment and recreation. In detail, this covers creative, arts and entertainment activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R1 | Creative, arts and entertainment activities |
To see the full business activity and turnover split of Spi Music Private Limited, buy the company report.
Financials of Spi Music Private Limited
FY 2025 filings availableSpi Music Private Limited reported revenue of ₹80.24 Cr (up 65% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 36% over five years, including 65% growth in the latest year. EBITDA rose 70% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹62.35 Cr | ||||
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| Net Profit (PAT) | ₹12.66 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 77.7% | ||||
| Net Profit Margin | 15.8% | ||||
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To see the full financial statements and ratios of Spi Music Private Limited, buy the company report.
Board of directors of Spi Music Private Limited
Spi Music has 3 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sylvain Jean Joseph Delange Also directs: Canvas Talent Private Limited, Believe Digital Private Limited | Director | 10 Dec 2021 | 4 Years 11 Months | Current |
| Vivek Rajnath Raina Also directs: Canvas Talent Private Limited, Believe Digital Private Limited | Director | 10 Dec 2021 | 4 Years 11 Months | Current |
| Kaveri Ingale Also directs: Canvas Talent Private Limited, Believe Digital Private Limited | Additional Director | 19 Jan 2026 | 0 Years 9 Months | Current |
Deals & funding
Spi Music Private Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹48 Lakh; the latest was in December 2021.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2021 | Secondary share transfer | Undisclosed | Buyer: Believe International Seller: 2 individuals |
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2013 | Funding round | ₹48 Lakh | Investors: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Spi Music Private Limited has 22 court cases on record: 5 filed by Spi Music, 17 filed against it. 2 cases are pending and 20 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 21 | 16 | 1 |
| District courts | 1 | 1 | 1 |
Cases on record (5 of 22)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Civil suit | Filed against the company by M/S Sparkela Talkies Private Limited Rep by Its Authorised Signatory N P Shankari | Pending |
| High Court, MAHARASHTRA | Court case (COMMP) | Filed against the company by Reliance Broadcast Network Ltd. | Pending |
| Madras High Court | Appeal | Filed against the company by Betterinvest Finadvisors Pvt Ltd | Disposed |
| High Court, TAMIL NADU | Appeal | Filed by the company against an individual | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by M/S.Kanchepuram S.M.Silks | Disposed |
To see the full case history of Spi Music 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
Spi Music Private Limited has 5 MSME Form 1 returns on record between 2023 and 2024, listing 23 overdue payments to 7 micro and small suppliers. 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 (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Pratapkaran Paul and Co | |||
| an individual supplier |
To see the full MSME payment records of Spi Music Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Spi Music has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACZ2711J1ZJ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spi Music Private Limited, buy the company report.
Recent activity
Spi Music Private Limited has 13 board changes on record since 2011: 3 appointments and 10 cessations. The latest: Kaveri Ingale was appointed as Additional Director on 19 Jan 2026.
4 earlier events are in the company report.
Frequently asked questions
Spi Music is an active private limited company based in Chennai, Tamil Nadu, India. The company works in creative, within the art industry. It was incorporated on 05 July 2005 (21+ years old) and is registered under CIN U92490TN2005PTC173619.
Spi Music has 3 current directors:
- Sylvain Jean Joseph Delange - Director
- Vivek Rajnath Raina - Director
- Kaveri Ingale - Additional Director
The latest financial statements of Spi Music on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Spi Music is 33AAACZ2711J1ZJ, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Spi Music is U92490TN2005PTC173619. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spi Music has 22 court cases on record: 5 filed by the company and 17 filed against it. 2 are pending. Most are in the high courts.
Spi Music was incorporated on 05 July 2005, making it 21+ years old. It is registered with the Registrar of Companies, Chennai.
Spi Music has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹48 Lakh; the latest was in December 2021.
Kaveri Ingale was appointed as Additional Director on 19 Jan 2026. Rajiv Gupta ceased to be Director on 25 Jul 2022. Dwarakanath Santhoshkumar ceased to be Director on 10 Dec 2021. Spi Music has 13 board changes on record in total.
Spi Music has 5 MSME Form 1 returns on record between 2023 and 2024, listing 23 overdue payments to 7 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Spi Music can be reached through the website thinkmusic.in. Its registered office is in Chennai, Tamil Nadu, India.
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