About Springrole India Private Limited
Data last updated:
Springrole India Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Springrole Inc Usa and recognised as a startup by DPIIT. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 03 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC104324. Its GSTIN is 29AAYCS8889G1ZZ (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹2.07 Lakh. It is led by directors Mandaville Kartik and Vinay Kumar Agarwal.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bengaluru, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹35.99 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹1.8 Cr (net margin 5%) and EBITDA of ₹2.69 Cr (EBITDA margin 7.5%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 24% over five years.
The company has about 219 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Springworks and SpringVerify. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 3 deals on record (3 rights issues); the latest was in August 2019.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website springrole.com.
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- TelephoneLocked
- Website
- Social Media
- Registered AddressHd – 072 Prestige Atlanta – Wework Prestige Atlanta 80 Ft Mn Rd Koramangala 1A Block Indus, Trial Lyt, Bengaluru, Karnataka, India – 560034
- IndustryInformation Technology, Software Development & Support Services, 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
Business Activity of Springrole India Private Limited
The main business activity of Springrole India is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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.
Financials of Springrole India Private Limited FY 2025 filings available
Springrole India Private Limited reported revenue of ₹35.99 Cr (up 17% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Springrole India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 17% growth in the latest year. EBITDA rose 8% 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 Springrole India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹2.69 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.8 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Springrole India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5% | •••• | •••• | •••• | •••• |
| 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 Springrole India are in the company report.
Financial statements from FY 2018
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.
Auditor Details of Springrole India Private Limited
Springrole India Private Limited is audited by AMIR & ASSOCIATES Chartered Accountants for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| AMIR & ASSOCIATES Chartered Accountants | 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 Springrole India Private Limited
Springrole India has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mandaville Kartik Also directs: Science Media India Private Limited | Director | 03 Jul 2017 | 9 Years 3 Months | Current |
| Vinay Kumar Agarwal Also directs: Science Media India Private Limited | Director | 03 Jul 2017 | 9 Years 3 Months | Current |
Ownership and Shareholding of Springrole India 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 Springrole India Private Limited
Springrole India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Springrole India Private Limited
Springrole India Private Limited has 3 deals on record (3 rights issues); the latest was in August 2019.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Rights issue | ₹2.11 Cr | Investors: Springkole Inc |
| Oct 2018 | Rights issue | ₹1.04 Cr | Investors: Springkole Inc |
| Jul 2017 | Rights issue | ₹18.6 Lakh | Investors: Springkole Inc |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Springrole India Private Limited
Springrole India Private Limited has 1 court case on record: 1 filed by Springrole India. All case is pending. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case | Filed by the company against Plowz and Mowz Inc | Pending |
Full case history
All 1 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 Springrole India Private Limited
Springrole India operates two associated brands: Springworks and SpringVerify. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| HR software solutions are provided for growing businesses by Springworks. | springworks.in | |
| Employment background screening is facilitated through advanced technologies. | springverify.com |
Competitors & Alternatives of Springrole India Private Limited
Brands and companies operating in the same space as Springrole India Private Limited include Workday, SuccessFactors, GreytHR and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Workday | Cloud-based HR and financial software is delivered to enterprises. | Pleasanton, United States | 2005 |
 SuccessFactors | Cloud-based human capital management software is delivered globally. | San Francisco, United States | 2001 |
 GreytHR | Cloud-based HRMS and payroll software solutions are provided. | Bengaluru, India | 1994 |
 People Strong | Cloud-based human resource management software is offered. | Gurugram, India | 2005 |
 Darwinbox | Human capital management platform is provided for HR process automation. | Hyderabad, India | 2015 |
 Kronos | HCM software solutions for enterprise workforce management are provided. | Lowell, United States | 1977 |
 IDfy | Identity verification, background screening, and fraud prevention solutions are provided. | Mumbai, India | 2011 |
 Paylocity | Cloud-based payroll and HR solutions are provided for businesses. | Arlington Heights, United States | 1997 |
 Ceridian | Cloud-based human capital management software is provided for enterprises. | Minneapolis, United States | 1992 |
 Checkr | AI platform for employee background verification is utilized. | San Francisco, United States | 2014 |
Employees and EPFO Compliance at Springrole India Private Limited
Springrole India Private Limited has a workforce of 219 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 Springrole India Private Limited
Recent Activity on Springrole India Private Limited
Director changes at Springrole India Private Limited
Springrole India Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Mandaville Kartik was appointed as Director on 03 Jul 2017.
Credit Ratings, Litigation & Regulatory Alerts for Springrole India 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 Springrole India 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 Springrole India 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.
GST Compliance of Springrole India Private Limited
Springrole India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAYCS8889G1ZZ | Karnataka | Active | 24 Jul 2017 |
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 Springrole India 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.
Frequently Asked Questions about Springrole India Private Limited
Springrole India is an active private limited company based in Bengaluru, Karnataka, India. The company works in software development and support services, within the information technology industry. It was incorporated on 03 July 2017 (9+ years old) and is registered under CIN U72900KA2017PTC104324.
Springrole India reported revenue of ₹35.99 Cr for FY 2025 (up 17% YoY).
Springrole India has 2 current directors:
- Mandaville Kartik - Director
- Vinay Kumar Agarwal - Director
Springrole India reported a net profit of ₹1.8 Cr (net margin 5%) and EBITDA of ₹2.69 Cr (EBITDA margin 7.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Springrole India is 17% over three years and 24% over five years. In the latest year (FY 2025) revenue rose 17%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Springrole India is 29AAYCS8889G1ZZ, registered in Karnataka.
The CIN (Corporate Identification Number) of Springrole India is U72900KA2017PTC104324. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Springrole India has 1 court case on record: 1 filed by the company. 1 is pending.
Springrole India was incorporated on 03 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Springrole India has 3 deals on record (3 rights issues); the latest was in August 2019.