Spotify India LLP

Spotify India LLP - internet in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
LLPIN AAP-6218 Incorporated 13 June 2019 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Limited Liability Partnership internet
Data last updated
Revenue · FY 2025
₹527.34 Cr
▲ 50% YoY
Net profit · FY 2025
₹74.62 Cr
Net margin 14.1%
EBITDA · FY 2025
₹82.26 Cr
EBITDA margin 15.6%
Contribution obligation
₹1,818.39 Cr
As per LLP agreement
LLP age
7 yrs
Est. 2019
Employees · EPFO
112
Provident fund records
Designated partners
2
As per MCA filings
Active GSTINs
1
GST registered

About Spotify India LLP

Data last updated:

Spotify India LLP is a limited liability partnership (LLP) based in Mumbai, Maharashtra, India. It operates in the online music platforms segment of the internet and digital services sector. It was incorporated on 13 June 2019 and has been in existence for over 7 years.

The LLP is registered with the Registrar of Companies (ROC), Mumbai, under LLPIN AAP-6218. Its GSTIN is 06ADYFS6905K1Z9 (Haryana).

The LLP has a total obligation of contribution of ₹1,818.39 Cr. It is led by designated partners Peter Grandelius and Amarjit Singh Batra.

Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.

As per the financials filed for FY 2025, the LLP reported a revenue of ₹527.34 Cr, a growth of 50% compared to the previous year. For the same year it recorded a net profit of ₹74.62 Cr (net margin 14.1%) and EBITDA of ₹82.26 Cr (EBITDA margin 15.6%). Revenue has grown at a compounded annual rate (CAGR) of 80% over three years and 101% over five years.

The LLP has about 112 employees on its provident fund (EPFO) records.

The LLP is associated with 1 brand: Spotify. Court records list 12 cases involving the LLP, including 1 filed by the LLP and 1 filed against it; 8 cases are pending.

For more details, the LLP can be reached via its website spotify.com.

Company Details of Spotify India LLP
LLPIN AAP-6218
Incorporation Date 13 June 2019
Total Obligation of Contribution ₹1,818.39 Cr
ROC Mumbai
Company Status Active
Date of Last AGM 31 March 2026
Date of Balance Sheet 31 March 2025
Key People
Peter Grandelius Designated Partner Amarjit Singh Batra Designated Partner
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    spotify.com
  • Social Media
  • Registered Address
    Jet Airways Godrej BKC 1st Floor Unit No. 1 & 2 Plot C – 68 G Block Bandra Kurla Complex, Bandra(E), Mumbai, Maharashtra, India – 400051
  • Industry
    Internet, Online Music Platforms
Comprehensive company report
Spotify India LLP - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Unlock the full Spotify India LLP report

Financials, compliance, directors, charges, ownership and filings for Spotify India LLP in one report.

Financials from FY 2020 Directors & ownership Charges & compliance

Financials of Spotify India LLP FY 2025 filings available

Spotify India LLP reported revenue of ₹527.34 Cr (up 50% YoY) for FY 2025.

Revenue · FY 2025
₹527.34 Cr ▲ 50%
Net profit · FY 2025
₹74.62 Cr margin 14.1%
EBITDA · FY 2025
₹82.26 Cr margin 15.6%

Compounded Annual Growth Rate (CAGR) of Spotify India LLP

Revenue CAGR growth
1 year
▲ 50%
3 years · compounded
▲ 80%
5 years · compounded
▲ 101%
EBITDA CAGR growth
1 year
▲ 160%
3 years · compounded
▲ 30%
5 years · compounded
▲ 20%

Revenue has grown at a compounded annual rate (CAGR) of 101% over five years, including 50% growth in the latest year. EBITDA rose 160% 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 Spotify India LLP

Statement of Account and SolvencyFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Income and Expenditure
Turnover••••••••••••••••••••
Other Income••••••••••••••••••••
Total Income••••••••••••••••••••
Purchases and Direct Costs••••••••••••••••••••
Personnel Expenses••••••••••••••••••••
Administrative Expenses••••••••••••••••••••
Interest••••••••••••••••••••
Depreciation••••••••••••••••••••
Total Expenses••••••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax••••••••••••••••••••
Profit After Tax₹74.62 Cr••••••••••••••••
Profit Transferred to Partners••••••••••••••••••••
Assets and Liabilities
Partners' Contribution••••••••••••••••••••
Reserves and Surplus••••••••••••••••••••
Secured Loans••••••••••••••••••••
Unsecured Loans••••••••••••••••••••
Trade Payables••••••••••••••••••••
Other Liabilities and Provisions••••••••••••••••••••
Total Liabilities••••••••••••••••••••
Fixed Assets••••••••••••••••••••
Investments••••••••••••••••••••
Loans and Advances••••••••••••••••••••
Inventories••••••••••••••••••••
Trade Receivables••••••••••••••••••••
Cash and Bank Balance••••••••••••••••••••
Total Assets••••••••••••••••••••

Financial Ratios of Spotify India LLP

Statement of Account and SolvencyFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
Net Profit Margin14.1%••••••••••••••••
Return on Partners' Funds••••••••••••••••••••
Return on Assets••••••••••••••••••••
Liquidity and Debt
Current Ratio••••••••••••••••••••
Debt to Partners' Funds••••••••••••••••••••
Interest Coverage••••••••••••••••••••
Efficiency and Growth
Asset Turnover••••••••••••••••••••
Receivable Days••••••••••••••••••••
Turnover Growth••••••••••••••••••••
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 8. The full year-wise statements and ratios of Spotify India are in the company report.

Premium access

Financial statements from FY 2020

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 Spotify India LLP

Spotify India LLP is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Advertising Agencies, Music). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Multiplier Brand Solutions Private Limited₹615.09 Cr (FY 2025)••••••••28.0%••••Delhi, India
Hiveminds Innovative Market Solutions Private Limited₹601.45 Cr (FY 2025)••••••••28.0%••••Mumbai, Maharashtra, India
Valueleaf Services (India) Private Limited₹579.99 Cr (FY 2025)••••••••-4.0%••••Bangalore, Karnataka, India
Adfactors PR Private Limited₹567.18 Cr (FY 2025)••••••••15.0%••••Mumbai, Maharashtra, India
Concept Communication Limited₹561.89 Cr (FY 2025)••••••••-7.0%••••Mumbai, Maharashtra, India
Spotify India LLP this company₹527.34 Cr (FY 2025)••••••••50.0%••••Mumbai, Maharashtra, India
Convonix Systems Private Limited₹497.94 Cr (FY 2025)••••••••21.0%••••Mumbai, Maharashtra, India
Laqshya Media Limited₹494.19 Cr (FY 2025)••••••••0.0%••••Mumbai, Maharashtra, India
Glance Digital Experience Private Limited₹494.17 Cr (FY 2024)••••••••-1.0%••••Bangalore, Karnataka, India
Lintas India Private Limited₹483.8 Cr (FY 2025)••••••••-4.0%••••Mumbai, Maharashtra, India
Blink Digital (India) Private Limited₹478.56 Cr (FY 2025)••••••••-14.0%••••Mumbai, Maharashtra, India

Peers are the five companies nearest above and the five nearest below Spotify India by revenue in the Ecommerce and Internet industry (Advertising Agencies, Music), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.

Designated Partners of Spotify India LLP

Spotify India has 2 designated partners on record. No former designated partners are listed.

Current Designated Partners
NameDesignationAppointment DateTenureStatus
Peter GrandeliusDesignated Partner13 Jun 20197 Years 3 MonthsCurrent
Amarjit Singh BatraDesignated Partner13 Jun 20197 Years 3 MonthsCurrent
View all designated partners

Ownership and Shareholding of Spotify India LLP

Premium access

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 Spotify India LLP

Spotify India LLP does not have any charges (loans) registered with the Registrar of Companies.

Associated Brands with Spotify India LLP

Spotify India operates one associated brand: Spotify. Each brand links to its own profile.

BrandDescriptionWebsite
Spotify
Music streaming is offered on-demand to global users.spotify.com

Employees and EPFO Compliance at Spotify India LLP

Spotify India LLP has a workforce of 112 employees as of Apr 06, 2024.

Employee count
112
Active EPFO establishments
1
Employee growth
45.45%
Premium access

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.

News related to Spotify India LLP

Legal Jargon Overload: How I Escaped the Lawsuit Abyss
24 Apr 2019 · Music Business Worldwide

Recent Activity on Spotify India LLP

Spotify India LLP has 2 designated partner changes on record since 2019: 2 appointments. The latest: Amarjit Singh Batra was appointed as Designated Partner on 13 Jun 2019.

AGM
Spotify India Llp last Annual general meeting of members was held on 31 Mar 2026 as per latest MCA records.
Filing
Spotify India Llp has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Appointed
Amarjit Singh Batra was appointed as Designated Partner.
Appointed
Peter Grandelius was appointed as Designated Partner.
Incorporation
13 Jun 2019
Spotify India Llp was registered on 13 Jun 2019 with Roc Mumbai I & aged 7 years 3 months as per MCA records.

Credit Ratings, Litigation & Regulatory Alerts for Spotify India LLP

Premium access

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 Spotify India LLP

Premium access

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 Spotify India LLP

Premium access

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 Spotify India LLP

Spotify India has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
06ADYFS6905K1Z9HaryanaActive01 Apr 2023
Premium access

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 Spotify India LLP

Premium access

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 Spotify India LLP

Spotify India is an active limited liability partnership based in Mumbai, Maharashtra, India. The LLP works in online music platforms, within the internet industry. It was incorporated on 13 June 2019 (7+ years old) and is registered under LLPIN AAP-6218.

Spotify India reported revenue of ₹527.34 Cr for FY 2025 (up 50% YoY).

Spotify India has 2 current designated partners:

Spotify India reported a net profit of ₹74.62 Cr (net margin 14.1%) and EBITDA of ₹82.26 Cr (EBITDA margin 15.6%) for FY 2025, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Spotify India is 80% over three years and 101% over five years. In the latest year (FY 2025) revenue rose 50%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Spotify India is 06ADYFS6905K1Z9, registered in Haryana.

The LLPIN (Limited Liability Partnership Identification Number) of Spotify India is AAP-6218. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.

Spotify India has 12 court cases on record: 1 filed by the LLP and 1 filed against it. 8 are pending. Most are in the high courts.

Spotify India was incorporated on 13 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.

The peers of Spotify India by revenue are Multiplier Brand Solutions Private Limited, Hiveminds Innovative Market Solutions Private Limited, Valueleaf Services (India) Private Limited, Adfactors PR Private Limited, Concept Communication Limited and 5 more, all in the Ecommerce and Internet industry (Advertising Agencies, Music).

Amarjit Singh Batra was appointed as Designated Partner on 13 Jun 2019. Peter Grandelius was appointed as Designated Partner on 13 Jun 2019.

7M+ Indian companies. One platform.

Financials, directors, compliance, charges and shareholding - compiled from official filings and updated regularly.

Subscription plans available