About Spice Connect Private Limited
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Spice Connect Private Limited is a private limited company based in New Delhi, Delhi, India, a subsidiary of Rajarshi Modi Private Limited. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 12 January 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2012PTC229915. Its GSTIN is 07AAQCS8336N1ZG (Delhi).
The company has an authorised share capital of ₹1,055 Cr and a paid-up capital of ₹1,050.18 Cr. It was formerly known as S I2I Mobility Private Limited and Smart Ventures Limited. It is led by directors Dilip Kumar Modi (Whole-Time Director) and Mohit Bansal (Whole-Time Director).
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 Ja – 122 1st Floor, DLF Tower – A Jasola District Center, New Delhi, Delhi, India – 110025.
As per the financials filed for FY 2025, the company reported a revenue of ₹565 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹61.74 Cr (net margin -10.9%) and EBITDA of -₹16.19 Cr (EBITDA margin -2.9%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 4% over five years.
The company has about 4 employees on its provident fund (EPFO) records. Its group structure includes 11 subsidiaries.
The company is associated with 1 brand: Spice Connect. As per MCA filings, the company has satisfied charges of ₹4.3 Cr on record. The company has 5 deals on record (3 funding rounds, 2 rights issues), with disclosed funding of ₹985.77 Cr; the latest was in October 2019.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spiceconnect.org.
Company details
Name history
Spice Connect has undergone 3 name changes throughout its history. The company was previously known as S I2i Mobility Private Limited, Smart Ventures Limited, and Smart Ventures Private Limited. The current legal name is Spice Connect Private Limited.
| Company Name | Status |
|---|---|
| Spice Connect Private Limited | Current |
| S I2i Mobility Private Limited | Previous |
| Smart Ventures Limited | Previous |
| Smart Ventures Private Limited | Previous |
CIN history
Spice Connect has one previous CIN (Corporate Identification Number): U74999DL2012PLC229915. The current CIN is U74999DL2012PTC229915, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999DL2012PTC229915 | Current |
| U74999DL2012PLC229915 | Previous |
Contact details
Spice Connect Private Limited's registered office is in New Delhi, Delhi. Its website is spiceconnect.org. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressJa – 122 1st Floor, DLF Tower – A Jasola District Center, New Delhi, Delhi, India – 110025
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Spice Connect 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
Brands
Spice Connect operates one associated brand: Spice Connect. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers business and technology consulting services comprehensively. | spiceconnect.org |
Business activity
The main business activity of Spice Connect is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Spice Connect Private Limited, buy the company report.
Financials of Spice Connect Private Limited
FY 2025 filings availableSpice Connect Private Limited reported revenue of ₹565 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 4% growth in the latest year. EBITDA fell 122% 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 | -₹16.19 Cr | ||||
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| Net Profit (PAT) | -₹61.74 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 | -2.9% | ||||
| Net Profit Margin | -10.9% | ||||
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To see the full financial statements and ratios of Spice Connect Private Limited, buy the company report.
Board of directors of Spice Connect Private Limited
Spice Connect has 2 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilip Kumar Modi Also directs: Multiples Private Equity Fund II LLP, Exponentially I Mobility LLP, Digispice Technologies Limited and 2 more | Whole-Time Director | 01 Feb 2012 | 14 Years 8 Months | Current |
| Mohit Bansal Also directs: Shubh Karma Ventures Private Limited | Whole-Time Director | 07 Apr 2025 | 1 Years 6 Months | Current |
Shareholding
The shareholding of Spice Connect Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Others |
To see the full shareholding pattern of Spice Connect Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Aug 2022 | 100608124 | Hdfc Bank Limited | ₹4.3 Cr | Satisfied |
To see the full charge records of Spice Connect Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Spice Connect Private Limited has 5 deals on record (3 funding rounds, 2 rights issues), with disclosed funding of ₹985.77 Cr; the latest was in October 2019.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2019 | Rights issue | ₹55 Cr | Investors: Modi Holdings Private Limited |
| Feb 2019 | Funding round | ₹33.87 Cr | Investors: Modi Holdings Private Limited |
| Dec 2017 | Rights issue | ₹6.4 Cr | Investors: Modi Holdings Private Limited |
| May 2013 | Funding round | ₹226.9 Cr | Investors: Modi Holdings Private Limited |
| Jan 2012 | Funding round | ₹725 Cr | Investors: Modi Holdings Private Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Spice Connect Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Spice Connect Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Spice Connect has 11 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Digispice Technologies Limited | L72900DL1986PLC330369 | |
| WSFX Global Pay Limited (Formerly Known As Wall Street Finance Limited) | L99999MH1986PLC039660 | |
| New Spice Sales and Solutions Limited | U32201DL1988PLC399032 | |
| Cellucom Retail India Private Limited | U32202DL2006PTC153361 | |
| Kimaan Exports Private Limited | U51311DL2004PTC127784 | |
| Hindustan Retail Private Limited | U52100DL2007PTC399197 |
To see the full group structure of Spice Connect Private Limited, buy the company report.
Employees & EPFO
Spice Connect Private Limited has a workforce of 4 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Spice Connect has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAQCS8336N1ZG | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spice Connect Private Limited, buy the company report.
Recent activity
Spice Connect Private Limited has 19 board changes on record since 2012: 3 appointments and 16 cessations. The latest: Mohit Bansal ceased to be Additional Director on 29 Sep 2025.
13 earlier events are in the company report.
Frequently asked questions
Spice Connect is an active private limited company based in New Delhi, Delhi, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 12 January 2012 (14+ years old) and is registered under CIN U74999DL2012PTC229915.
Spice Connect has 2 current directors:
- Dilip Kumar Modi - Whole-Time Director
- Mohit Bansal - Whole-Time Director
The latest financial statements of Spice Connect on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Spice Connect is 07AAQCS8336N1ZG, registered in Delhi.
The CIN (Corporate Identification Number) of Spice Connect is U74999DL2012PTC229915. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spice Connect was incorporated on 12 January 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
Spice Connect has 5 deals on record (3 funding rounds, 2 rights issues), with disclosed funding of ₹985.77 Cr; the latest was in October 2019.
Mohit Bansal ceased to be Additional Director on 29 Sep 2025. Mohit Bansal was appointed as Whole-Time Director on 07 Apr 2025. Prerna Jain was appointed as Company Secretary on 03 Jan 2023. Spice Connect has 19 board changes on record in total.
Spice Connect can be reached through the website spiceconnect.org. Its registered office is in New Delhi, Delhi, India.
The registered office of Spice Connect is at Ja – 122 1st Floor, DLF Tower – A Jasola District Center, New Delhi, Delhi, India – 110025.