About Spoyl Tech Solutions Private Limited
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Spoyl Tech Solutions Private Limited is a private limited company based in Hydearbad, Telangana, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 19 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2014PTC096907. Its GSTIN is 29AAGCB1365G1ZP (Karnataka). The company holds 35 GST registrations, of which 28 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹4.33 Lakh. It was formerly known as B&N Retail Ventures Private Limited. It is led by directors Bhargavkumar Errangi and Errangi Giriraj.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at House No.6 – 6 – 4/2 Plot No.2B Residential Complex Behind Apcpdcl Office Vasanthalipuram, Hydearbad, Telangana, India – 500070.
As per the financials filed for FY 2024, the company reported a revenue of ₹89 Lakh. For the same year it recorded a net profit of ₹30.76 Lakh (net margin 34.6%) and EBITDA of ₹36.34 Lakh (EBITDA margin 40.8%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 26% over five years.
The company has about 202 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Spoyl. As per MCA filings, the company has satisfied charges of ₹4 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 spoyl.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressHouse No.6 – 6 – 4/2 Plot No.2B Residential Complex Behind Apcpdcl Office Vasanthalipuram, Hydearbad, Telangana, India – 500070
- IndustryInformation Technology, IT Consulting & Support Services
- 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
CIN History of Spoyl Tech Solutions Private Limited
Spoyl Tech Solutions has one previous CIN (Corporate Identification Number): U52300TG2014PTC096907. The current CIN is U72200TG2014PTC096907, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200TG2014PTC096907 | Current |
| U52300TG2014PTC096907 | Previous |
Competitors & Alternatives of Spoyl Tech Solutions Private Limited
Brands and companies operating in the same space as Spoyl Tech Solutions Private Limited include Myntra, Ajio, Lyskraft and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Myntra | Fashion and lifestyle products are offered via an online marketplace. | Bengaluru, India | 2007 |
 Ajio | Manages an e-commerce platform offering diverse fashion products for men, women, and kids. | Mumbai, India | 2016 |
 Lyskraft | Fashion products and accessories for women are offered online. | Gurugram, India | 2023 |
 Jabong | Online marketplace for fashion products | Gurugram, India | 2012 |
 Nykaa Fashion | Online platform for shopping clothing, accessories, gadgets, and home decor items. | Mumbai, India | 2012 |
 gocoop | Online platform selling Indian handloom products and artisan crafts globally. | Bengaluru, India | 2011 |
 Crepdog Crew | Sneakers, shoes, streetwear, and accessories are retailed by Crepdog Crew. | Delhi, India | 2019 |
 VoxPop | Internet first brand offering multi-category fashion products | Mumbai, India | 2013 |
 Koovs | Multi-category fashion products are retailed online for men and women. | Delhi, India | 2009 |
Business Activity of Spoyl Tech Solutions Private Limited
The main business activity of Spoyl Tech Solutions is information and communication. In detail, this covers 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 | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Spoyl Tech Solutions Private Limited
Spoyl Tech Solutions Private Limited is audited by G PANKAJ KUMAR & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G PANKAJ KUMAR & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Spoyl Tech Solutions Private Limited
Spoyl Tech Solutions has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhargavkumar Errangi Also directs: Humbl Apparel Private Limited, Poptech Growth Private Limited, Waterco Consultants India Private Limited and 1 more | Director | 12 Feb 2015 | 11 Years 7 Months | Current |
| Errangi Giriraj Also directs: B&E Retail Ventures Private Limited | Additional Director | 01 May 2023 | 3 Years 5 Months | Current |
Financials of Spoyl Tech Solutions Private Limited FY 2024 filings available
Spoyl Tech Solutions Private Limited reported revenue of ₹89 Lakh for FY 2024.
Compounded Annual Growth Rate (CAGR) of Spoyl Tech Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 26% over five years. 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 Spoyl Tech Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
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| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹36.34 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹30.76 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Spoyl Tech Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 40.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 34.6% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net 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 AOC-4. The full year-wise statements and ratios of Spoyl Tech Solutions are in the company report.
Financial statements from 2015
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.
Ownership and Shareholding of Spoyl Tech Solutions Private Limited
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 Spoyl Tech Solutions Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 May 2019 | Others | ₹4 Cr | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Spoyl Tech Solutions Private Limited
Spoyl Tech Solutions Private Limited has a workforce of 202 employees as of Mar 27, 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.
GST Compliance of Spoyl Tech Solutions Private Limited
Spoyl Tech Solutions has 35 GST registrations: 28 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAGCB1365G1ZP | Karnataka | Active | 01 Jul 2017 |
| 29AAGCB1365G1C0 | Karnataka | Active | 23 Dec 2018 |
| 12AAGCB1365G1CF | Arunachal Pradesh | Active | 18 Feb 2019 |
| 22AAGCB1365G1CE | Chhattisgarh | Active | 18 Feb 2019 |
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.
Credit Ratings, Litigation & Regulatory Alerts for Spoyl Tech Solutions Private Limited
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 Spoyl Tech Solutions Private Limited
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 Spoyl Tech Solutions Private Limited
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.
MCA Filings & Documents of Spoyl Tech Solutions Private Limited
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.
Recent Activity on Spoyl Tech Solutions Private Limited
Recent News on Spoyl Tech Solutions Private Limited
Frequently Asked Questions about Spoyl Tech Solutions Private Limited
Spoyl Tech Solutions is an active private limited company based in Hydearbad, Telangana, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 19 December 2014 (12+ years old) and is registered under CIN U72200TG2014PTC096907.
Spoyl Tech Solutions reported revenue of ₹89 Lakh for FY 2024.
Spoyl Tech Solutions has 2 current directors:
- Bhargavkumar Errangi - Director
- Errangi Giriraj - Additional Director
Spoyl Tech Solutions reported a net profit of ₹30.76 Lakh (net margin 34.6%) and EBITDA of ₹36.34 Lakh (EBITDA margin 40.8%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Spoyl Tech Solutions is -3% over three years and -26% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Spoyl Tech Solutions is 29AAGCB1365G1ZP, registered in Karnataka. The company has 35 GST registrations in all, of which 28 are active and 7 are cancelled or inactive. Other active GSTINs include 29AAGCB1365G1C0 (Karnataka), 12AAGCB1365G1CF (Arunachal Pradesh), 22AAGCB1365G1CE (Chhattisgarh).
The CIN (Corporate Identification Number) of Spoyl Tech Solutions is U72200TG2014PTC096907. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spoyl Tech Solutions was incorporated on 19 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Hyderabad.
Yes, Spoyl Tech Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).