About Spice Money Limited
Data last updated: 16 December 2025
Spice Money Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Digispice Technologies Limited. It specialises in digital payment solutions, a part of the broader financial services sector. Incorporated on 04 April 2000, the company has been in operation for over 26 years.
Registered with ROC Delhi under CIN U72900DL2000PTC104989.
Capital: an authorised share capital of ₹100 Cr and a paid-up capital of ₹57.37 Cr. Formerly known as Cellebrum Technologies Limited and Spice Money Limited. It is led by directors including Narasimhan Srikrishna and Sunil Kumar Kapoor.
Last AGM: 26 September 2024. Financial statements filed for year ended 31 March 2024. Office: Ja – 122 1St Floor Dlf Tower – A, Jasola District Centre, New Delhi, Delhi, India – 110025.
As per the financials filed for FY 2024, the company reported a revenue of ₹459.78 Cr, a growth of 4% compared to the previous year.
The company has a workforce of approximately 1,219 employees as per the latest available data. It operates as a subsidiary of Digispice Technologies Limited.
The company is associated with 2 brands - Spice Money, Digispice. As per MCA filings, the company has open charges of ₹53.44 Cr and satisfied charges of ₹90.67 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 spicemoney.com.
-
Email**************
-
Telephone**************
-
Website**************
-
Social Media
-
Apps
-
Registered AddressJa – 122 1St Floor Dlf Tower – A, Jasola District Centre, New Delhi, Delhi, India – 110025
-
IndustryFinancial Services, Digital Payment Solutions
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Spice Money Limited
Spice Money Limited has undergone 6 name changes throughout its history. The current legal name is Spice Money Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Spice Money Limited | Current |
| Cellebrum Technologies Limited | Previous |
| Cellebrum.Com Limited | Previous |
| Cellebrum.Com Limited | Previous |
| Spice Digital Limited | Previous |
| Cellebrum.Com Private Limited | Previous |
CIN History of Spice Money Limited
Spice Money Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U64199DL2000PLC104989, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U64199DL2000PLC104989 | Current |
| U72900DL2000PTC104989 | Previous |
| U72900DL2000PLC104989 | Previous |
Associated Brands with Spice Money Limited
Spice Money Limited operates two associated brands: Spice Money and DiGiSPICE. These brands represent Spice Money Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Digital payment and banking service provider in rural areas | spicemoney.com | |
| Provides suite solutions for government agencies | digispice.com |
Competitors & Alternatives of Spice Money Limited
Brands and companies operating in the same space as Spice Money Limited include Paga, Kaleidofin, KMD and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Paga
|
Agent-based payment solutions are delivered to consumers and businesses. | Lagos, Nigeria, Nigeria | 2009 |
Kaleidofin
|
Provider of financial technology solutions for inclusive lending | Chennai, India, India | 2017 |
KMD
|
Software solutions are developed for public and corporate sectors. | Ballerup, Denmark, Denmark | 1972 |
Fino Paytech
|
Technology solutions for banking and financial sectors are provided. | Mumbai, India, India | 2006 |
PayNearby
|
Digital payment and banking services are facilitated via retail partnerships. | Mumbai, India, India | 2016 |
Dvara KGFS
|
Loans for consumers and SMEs are provided alongside financial services. | Chennai, India, India | 2008 |
Nagad
|
Developer of a digital banking solution for businesses | Dhaka, Bangladesh, Bangladesh | 2018 |
Baobab
|
Tailored financial solutions are offered to underserved entrepreneurs and SMEs. | Paris, France, France | 2001 |
Suvidhaa
|
Tech-enabled financial and e-commerce services are delivered via retail outlets. | Mumbai, India, India | 2007 |
WeRize
|
Provider of credit insurance and savings products for small town families | Bengaluru, India, India | 2019 |
Business Activity of Spice Money Limited
Spice Money Limited is engaged in the principal business activity of information and communication, with detailed activities including other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | ********* |
Board of Directors of Spice Money Limited
Spice Money Limited is currently managed by 8 directors, with 45 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Narasimhan Srikrishna
Also directs:
Wsfx Global Pay Limited
|
Additional Director | 12 Feb 2025 | 1 Years 4 Months | Current |
| Sunil Kumar Kapoor | Whole-Time Director | 02 May 2019 | 7 Years 2 Months | Current |
| Veena Vikas Mankar | Director | 09 Nov 2022 | 3 Years 8 Months | Current |
| Pankaj Vaish | Additional Director | 15 Mar 2025 | 1 Years 3 Months | Current |
|
Ram Nirankar Rastogi
Also directs:
Digispice Technologies Limited, Network People Services Technologies Limited, Trillionloans Fintech Private Limited and 3 more
|
Additional Director | 20 May 2025 | 1 Years 1 Months | Current |
|
Ramesh Venkataraman
Also directs:
Digispice Technologies Limited, Wsfx Global Pay Limited
|
Director | 07 Nov 2019 | 6 Years 8 Months | Current |
Financials of Spice Money Limited FY 2024 filings available
Spice Money Limited reported revenue of ₹459.78 Cr (up 4% YoY) for FY 2024. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | ***** | ***** | ***** | ***** | ***** |
|---|---|---|---|---|---|
| Revenue | |||||
| Revenue from Operations | ***** | ***** | ***** | ***** | ***** |
| Revenue Growth % | ***** | ***** | ***** | ***** | ***** |
| Other Income | ***** | ***** | ***** | ***** | ***** |
| Total Revenue | ***** | ***** | ***** | ***** | ***** |
| Expenses | |||||
| Total Expenses | ***** | ***** | ***** | ***** | ***** |
| Raw Material Cost | ***** | ***** | ***** | ***** | ***** |
| Change in Inventory FG | ***** | ***** | ***** | ***** | ***** |
| Change in Inventory WIP | ***** | ***** | ***** | ***** | ***** |
| Purchase of Traded Goods | ***** | ***** | ***** | ***** | ***** |
| Employee Cost | ***** | ***** | ***** | ***** | ***** |
| Managerial Remuneration | ***** | ***** | ***** | ***** | ***** |
| Audit Fees | ***** | ***** | ***** | ***** | ***** |
| Insurance | ***** | ***** | ***** | ***** | ***** |
| Power & Fuel | ***** | ***** | ***** | ***** | ***** |
| Interest | ***** | ***** | ***** | ***** | ***** |
| Depreciation | ***** | ***** | ***** | ***** | ***** |
| Other Expenses | ***** | ***** | ***** | ***** | ***** |
| Profitability | |||||
| EBITDA (Operating Profit) | ***** | ***** | ***** | ***** | ***** |
| Operating Margin % | ***** | ***** | ***** | ***** | ***** |
| Exceptional Items | ***** | ***** | ***** | ***** | ***** |
| Extraordinary Items | ***** | ***** | ***** | ***** | ***** |
| Profit Before Exceptional & Extraordinary Items | ***** | ***** | ***** | ***** | ***** |
| Profit Before Tax | ***** | ***** | ***** | ***** | ***** |
| Tax & Net Profit | |||||
| Tax Expense | ***** | ***** | ***** | ***** | ***** |
| Current Tax | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax | ***** | ***** | ***** | ***** | ***** |
| Profit from Discontinued Operations | ***** | ***** | ***** | ***** | ***** |
| Tax on Discontinued Operations | ***** | ***** | ***** | ***** | ***** |
| Profit | ***** | ***** | ***** | ***** | ***** |
| Net Margin % | ***** | ***** | ***** | ***** | ***** |
| Metrics | ***** | ***** | ***** | ***** | ***** |
|---|---|---|---|---|---|
| Shareholders' Funds | |||||
| Total Shareholders' Funds | ***** | ***** | ***** | ***** | ***** |
| Equity Capital | ***** | ***** | ***** | ***** | ***** |
| Reserves & Surplus | ***** | ***** | ***** | ***** | ***** |
| Money Against Warrants | ***** | ***** | ***** | ***** | ***** |
| Other Equity | ***** | ***** | ***** | ***** | ***** |
| Non-Current Liabilities | |||||
| Total Non-Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Long-Term Borrowings | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax Liabilities | ***** | ***** | ***** | ***** | ***** |
| Other Non-Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Long-Term Provisions | ***** | ***** | ***** | ***** | ***** |
| Current Liabilities | |||||
| Total Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Short-Term Borrowings | ***** | ***** | ***** | ***** | ***** |
| Trade Payables | ***** | ***** | ***** | ***** | ***** |
| Other Current Liabilities | ***** | ***** | ***** | ***** | ***** |
| Short-Term Provisions | ***** | ***** | ***** | ***** | ***** |
| Total Equity & Liabilities | ***** | ***** | ***** | ***** | ***** |
| Non-Current Assets | |||||
| Non-Current Assets | ***** | ***** | ***** | ***** | ***** |
| Tangible Assets | ***** | ***** | ***** | ***** | ***** |
| Intangible Assets | ***** | ***** | ***** | ***** | ***** |
| Capital WIP | ***** | ***** | ***** | ***** | ***** |
| Intangibles Under Dev | ***** | ***** | ***** | ***** | ***** |
| Investments | ***** | ***** | ***** | ***** | ***** |
| Deferred Tax Assets | ***** | ***** | ***** | ***** | ***** |
| LT Loans & Advances | ***** | ***** | ***** | ***** | ***** |
| Other Non-Current Assets | ***** | ***** | ***** | ***** | ***** |
| Current Assets | |||||
| Current Assets | ***** | ***** | ***** | ***** | ***** |
| Current Investments | ***** | ***** | ***** | ***** | ***** |
| Inventories | ***** | ***** | ***** | ***** | ***** |
| Trade Receivables | ***** | ***** | ***** | ***** | ***** |
| Cash & Bank Balance | ***** | ***** | ***** | ***** | ***** |
| ST Loans & Advances | ***** | ***** | ***** | ***** | ***** |
| Other Current Assets | ***** | ***** | ***** | ***** | ***** |
| Total Assets | ***** | ***** | ***** | ***** | ***** |
| Metrics | ***** | ***** | ***** | ***** | ***** |
|---|---|---|---|---|---|
| Cash from Operating Activities (CFO) | |||||
| Profit Before Tax | ***** | ***** | ***** | ***** | ***** |
| Non-Cash Adjustments | ***** | ***** | ***** | ***** | ***** |
| + Interest Expense | ***** | ***** | ***** | ***** | ***** |
| + Depreciation | ***** | ***** | ***** | ***** | ***** |
| +/- Unrealized Forex | ***** | ***** | ***** | ***** | ***** |
| - Dividend Income | ***** | ***** | ***** | ***** | ***** |
| - Interest Income | ***** | ***** | ***** | ***** | ***** |
| +/- Other Non-Cash Items | ***** | ***** | ***** | ***** | ***** |
| Changes in Working Capital | ***** | ***** | ***** | ***** | ***** |
| +/- Inventory | ***** | ***** | ***** | ***** | ***** |
| +/- Debtors | ***** | ***** | ***** | ***** | ***** |
| +/- Creditors | ***** | ***** | ***** | ***** | ***** |
| Reconciliation Adjustments | ***** | ***** | ***** | ***** | ***** |
| Cash Generated from Operations | ***** | ***** | ***** | ***** | ***** |
| Income Taxes Paid | ***** | ***** | ***** | ***** | ***** |
| Net CFO (Cash from Operations) | ***** | ***** | ***** | ***** | ***** |
| Cash from Investing Activities (CFI) | |||||
| Acquisitions & Disposals | ***** | ***** | ***** | ***** | ***** |
| Disposal of Subsidiaries | ***** | ***** | ***** | ***** | ***** |
| Acquisition of Subsidiaries | ***** | ***** | ***** | ***** | ***** |
| Capex | ***** | ***** | ***** | ***** | ***** |
| Purchase of Fixed Assets | ***** | ***** | ***** | ***** | ***** |
| Sale of Fixed Assets | ***** | ***** | ***** | ***** | ***** |
| Other Investing Cash Flows | ***** | ***** | ***** | ***** | ***** |
| Net CFI (Cash from Investing) | ***** | ***** | ***** | ***** | ***** |
| Cash from Financing Activities (CFF) | |||||
| Equity Issuance | ***** | ***** | ***** | ***** | ***** |
| Debt Raised | ***** | ***** | ***** | ***** | ***** |
| Debt Repaid | ***** | ***** | ***** | ***** | ***** |
| Dividends Paid | ***** | ***** | ***** | ***** | ***** |
| Interest Paid | ***** | ***** | ***** | ***** | ***** |
| Net CFF (Cash from Financing) | ***** | ***** | ***** | ***** | ***** |
| Net Cash Position | |||||
| Net Change in Cash (Pre-Forex) | ***** | ***** | ***** | ***** | ***** |
| Closing Cash & Equivalents | ***** | ***** | ***** | ***** | ***** |
| Metrics | ***** | ***** | ***** | ***** | ***** |
|---|---|---|---|---|---|
| Liquidity | |||||
| Current Ratio | ***** | ***** | ***** | ***** | ***** |
| Quick Ratio | ***** | ***** | ***** | ***** | ***** |
| Cash Ratio | ***** | ***** | ***** | ***** | ***** |
| Efficiency | |||||
| Inventory Days | ***** | ***** | ***** | ***** | ***** |
| Debtor Days | ***** | ***** | ***** | ***** | ***** |
| Creditor Days | ***** | ***** | ***** | ***** | ***** |
| Cash Conversion Cycle | ***** | ***** | ***** | ***** | ***** |
| Asset Turnover | ***** | ***** | ***** | ***** | ***** |
| Profitability | |||||
| Net Profit Margin % | ***** | ***** | ***** | ***** | ***** |
| Operating Margin % | ***** | ***** | ***** | ***** | ***** |
| ROE % | ***** | ***** | ***** | ***** | ***** |
| ROCE % | ***** | ***** | ***** | ***** | ***** |
| Net Worth Margin % | ***** | ***** | ***** | ***** | ***** |
| Growth | |||||
| Revenue Growth % | ***** | ***** | ***** | ***** | ***** |
| Leverage | |||||
| Equity Multiplier | ***** | ***** | ***** | ***** | ***** |
| Debt / EBITDA | ***** | ***** | ***** | ***** | ***** |
| Solvency | |||||
| D/E Ratio | ***** | ***** | ***** | ***** | ***** |
| ICR | ***** | ***** | ***** | ***** | ***** |
Consolidated Statements
Income Statement, Balance Sheet, Cash Flow & Ratios available in the full report.
Charges & Borrowings of Spice Money Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Jul 2023 | Karnataka Bank Ltd. | ₹1.9 Cr | Open |
| 12 Jun 2023 | Axis Bank Limited | ₹8 Cr | Open |
| 17 Mar 2023 | Others | ₹9.5 Cr | Open |
| 19 May 2022 | The South Indian Bank Limited | ₹9 Lakh | Open |
| 25 Feb 2022 | Others | ₹4.5 Cr | Open |
Total charge records: 13 View all charges
Employees and EPFO Compliance at Spice Money Limited
View historical data on people associated with Spice Money Limited, including employment history and EPFO contributions.
Employee Count & EPFO Data of Spice Money Limited
Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.
GST Compliance of Spice Money Limited
GSTIN & GST Filing Data of Spice Money Limited
Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.
Credit Ratings, Litigation & Regulatory Alerts for Spice Money Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Spice Money Limited
Access complete credit rating history, litigation records, regulatory alerts, and compliance data.
MSME Payment Delays by Spice Money Limited
MSME Payment Delays by Spice Money Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Spice Money Limited
Subsidiaries & Group Companies of Spice Money Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Spice Money Limited with ownership details.
MCA Filings & Documents of Spice Money Limited
MCA Filings & Documents of Spice Money Limited
Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.
Recent Activity on Spice Money Limited
Recent News on Spice Money Limited
Frequently Asked Questions about Spice Money Limited
Spice Money Limited is an active public limited company in the financial services sector based in New Delhi, Delhi, India. It was incorporated on 04 April 2000 (26+ years old) and is registered under CIN U64199DL2000PLC104989. The company has 1,219 employees.
Spice Money Limited reported revenue of ₹459.78 Cr for FY 2024 (up 4.00% YoY).
The current directors of Spice Money Limited are:
The primary industry of Spice Money Limited is financial services. The company specifically operates in digital payment solutions. The company is currently active in this sector.
Spice Money Limited can be reached at the registered office: Ja – 122 1St Floor Dlf Tower – A, Jasola District Centre, New Delhi, Delhi, India – 110025, or through the website spicemoney.com.
The authorised capital is ₹100 Cr, and the paid-up capital is ₹57.37 Cr.