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.
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- Registered AddressJet Airways Godrej BKC 1st Floor Unit No. 1 & 2 Plot C – 68 G Block Bandra Kurla Complex, Bandra(E), Mumbai, Maharashtra, India – 400051
- IndustryInternet, Online Music Platforms
- 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
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Financials of Spotify India LLP FY 2025 filings available
Spotify India LLP reported revenue of ₹527.34 Cr (up 50% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Spotify India LLP
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 Solvency | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 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 Solvency | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 14.1% | •••• | •••• | •••• | •••• |
| 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.
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). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Multiplier Brand Solutions Private Limited | •••• | •••• | •••• | •••• | 16,935 | Delhi, India |
| Hiveminds Innovative Market Solutions Private Limited | •••• | •••• | •••• | •••• | 288 | Mumbai, Maharashtra, India |
| Valueleaf Services (India) Private Limited | •••• | •••• | •••• | •••• | 212 | Bangalore, Karnataka, India |
| Adfactors PR Private Limited | •••• | •••• | •••• | •••• | 1,484 | Mumbai, Maharashtra, India |
| Concept Communication Limited | •••• | •••• | •••• | •••• | 54 | Mumbai, Maharashtra, India |
| Spotify India LLP this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Convonix Systems Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Laqshya Media Limited | •••• | •••• | •••• | •••• | 229 | Mumbai, Maharashtra, India |
| Glance Digital Experience Private Limited | •••• | •••• | •••• | •••• | 584 | Bangalore, Karnataka, India |
| Lintas India Private Limited | •••• | •••• | •••• | •••• | 373 | Mumbai, Maharashtra, India |
| Blink Digital (India) Private Limited | •••• | •••• | •••• | •••• | 90 | 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. Revenue, net profit, margin and growth 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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Peter Grandelius | Designated Partner | 13 Jun 2019 | 7 Years 3 Months | Current |
| Amarjit Singh Batra | Designated Partner | 13 Jun 2019 | 7 Years 3 Months | Current |
Ownership and Shareholding of Spotify India LLP
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.
Legal Cases of Spotify India LLP
Spotify India LLP has 12 court cases on record: 1 filed by Spotify India, 1 filed against it, 10 where it is another party. 8 cases are pending and 4 are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 0 | 3 |
| District courts | 6 | 1 | 5 |
Cases on record (5 of 12)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Civil suit | Company is another party | Pending |
| High Court of Karnataka | Court case (WPHC) | Company is another party | Pending |
| Bombay High Court | Interim or miscellaneous application | Company is another party | Pending |
| Bombay High Court | Court case (COMIP) | Company is another party | Pending |
| District court, North West, Delhi | Court case (CS (COMM.)) | Company is another party | Pending |
Full case history
All 12 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Spotify India LLP
Spotify India operates one associated brand: Spotify. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| 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 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
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.
Credit Ratings, Litigation & Regulatory Alerts for Spotify India LLP
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
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
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.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06ADYFS6905K1Z9 | Haryana | Active | 01 Apr 2023 |
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
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:
- Peter Grandelius - Designated Partner
- Amarjit Singh Batra - Designated Partner
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.