About Spindle Innovation Labs Private Limited
Data last updated:
Spindle Innovation Labs Private Limited was a private limited company based in Pune, Maharashtra, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 10 November 2016.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2016PTC167114. Its GSTIN is 27AAXCS7717E1ZR (Maharashtra).
The company had an authorised share capital of ₹10,000 and a paid-up capital of ₹10,000. It was led by directors Neeraj Ashok Bezalwar and Shilpa Neeraj Bezalwar.
Its last annual general meeting (AGM) was held on 10 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Pune, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.14 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹7.33 Lakh (net margin 6.5%) and EBITDA of ₹29.93 Lakh (EBITDA margin 26.4%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 9% over five years.
The last known website on record is spindlelabs.in.
Company details
Contact details
Spindle Innovation Labs Private Limited's registered office is in Pune, Maharashtra. Its website is spindlelabs.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No D 1101 Opula D Soc 143713, Opla Society Vishal Nagar Pimple Nilakh, Pune, Maharashtra, India – 411027
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Spindle Innovation Labs 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
The main business activity of Spindle Innovation Labs is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Spindle Innovation Labs Private Limited, buy the company report.
Financials of Spindle Innovation Labs Private Limited
FY 2024 filings availableSpindle Innovation Labs Private Limited reported revenue of ₹1.14 Cr (up 32% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 32% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 9%. EBITDA rose 48% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹29.93 Lakh | ||||
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| Net Profit (PAT) | ₹7.33 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 26.4% | ||||
| Net Profit Margin | 6.5% | ||||
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To see the full financial statements and ratios of Spindle Innovation Labs Private Limited, buy the company report.
Board of directors of Spindle Innovation Labs Private Limited
Spindle Innovation Labs has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neeraj Ashok Bezalwar Also directs: Spindle Innovation Labs LLP | Director | 10 Nov 2016 | 9 Years 11 Months | As last reported |
| Shilpa Neeraj Bezalwar Also directs: Spindle Innovation Labs LLP | Director | 10 Nov 2016 | 9 Years 11 Months | As last reported |
Peer comparison
Spindle Innovation Labs Private Limited is compared with the 7 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Softroniclabs Technology Services Private Limited | ₹1.14 Cr (FY 2025) | 52.0% | Mysore, Karnataka, India | |||
| Palpixel Private Limited | ₹1.14 Cr (FY 2024) | 146.0% | Noida, Uttar Pradesh, India | |||
| Twinsway Technologies Private Limited | ₹1.14 Cr (FY 2025) | -26.0% | Vazhayila, Kerala, India | |||
| Spindle Innovation Labs Private Limitedthis company | ₹1.14 Cr (FY 2024) | ₹7.33 Lakh | 6.5% | 32.0% | Pune, Maharashtra, India | |
| Codewrite Systems India Private Limited | ₹1.14 Cr (FY 2025) | 4.0% | Chennai, Tamil Nadu, India | |||
| Custobridge Private Limited | ₹1.13 Cr (FY 2024) | 62.0% | Kolkata, West Bengal, India | |||
| Akni.Ai Private Limited | ₹1.13 Cr (FY 2025) | 2258.0% | Bangalore, Karnataka, India | |||
| Circen Technologies Private Limited | ₹1.13 Cr (FY 2025) | 2.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Spindle Innovation Labs Private Limited, buy the company report.
Auditor
Spindle Innovation Labs Private Limited is audited by MJS & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MJS & Co. | FY 2023 | 148649W |
Shareholding
The shareholding of Spindle Innovation Labs 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) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Spindle Innovation Labs Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Spindle Innovation Labs 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
Spindle Innovation Labs Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2022, 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 |
|---|---|---|---|
| Avant Edge Business Consulting Private Limited |
To see the full MSME payment records of Spindle Innovation Labs Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Spindle Innovation Labs has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAXCS7717E1ZR | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spindle Innovation Labs Private Limited, buy the company report.
Recent activity
Spindle Innovation Labs Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Neeraj Ashok Bezalwar was appointed as Director on 10 Nov 2016.
Frequently asked questions
Spindle Innovation Labs has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Spindle Innovation Labs was a private limited company based in Pune, Maharashtra, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 10 November 2016 and is registered under CIN U72900PN2016PTC167114. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Spindle Innovation Labs is U72900PN2016PTC167114. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spindle Innovation Labs had 2 directors:
- Neeraj Ashok Bezalwar - Director
- Shilpa Neeraj Bezalwar - Director
Spindle Innovation Labs was incorporated on 10 November 2016. It is registered with the Registrar of Companies, Pune.
Spindle Innovation Labs can be reached through the website spindlelabs.in. Its registered office is in Pune, Maharashtra, India.
The registered office of Spindle Innovation Labs is at Flat No D 1101 Opula D Soc 143713, Opla Society Vishal Nagar Pimple Nilakh, Pune, Maharashtra, India – 411027.
The latest financial statements of Spindle Innovation Labs on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 10 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Spindle Innovation Labs is 27AAXCS7717E1ZR, registered in Maharashtra.
Spindle Innovation Labs operated in the information technology industry, in the IT consulting and support services segment.
The peers of Spindle Innovation Labs by revenue are Softroniclabs Technology Services Private Limited, Palpixel Private Limited, Twinsway Technologies Private Limited, Codewrite Systems India Private Limited, Custobridge Private Limited and 2 more, all in the same principal business activity (computer programming, consultancy and related activities).
Spindle Innovation Labs has 1 MSME Form 1 return on record for the period ending Mar 2022, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 26 Apr 2022.
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