Sprint Advisory Services Private Limited
About Sprint Advisory Services Private Limited
Data last updated:
Sprint Advisory Services Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the business and IT consulting segment of the business process outsourcing sector. It was incorporated on 10 March 2005.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2005PTC151869.
The company had an authorised share capital of ₹700 Cr and a paid-up capital of ₹611.21 Cr. It was formerly known as Sain Marketing Networkprivate Limited and Sain Marketing Network Private Limited. It was led by directors including Jennifer Susan Sparks and Robert Hector John Spence.
Its last annual general meeting (AGM) was held on 23 September 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at Knowledgehouse Shyamnagar Jogeshwari – Vikhroliroad Jogeshwari(E) (E), Mumbai, Maharashtra, India – 400060.
As per the financials filed for FY 2019, the company reported a revenue of ₹1 Lakh, a decline of 91% compared to the previous year. For the same year it recorded a net loss of ₹10.03 Lakh and EBITDA of -₹9.27 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 5% over five years.
Court records list 1 case involving the company, including 1 filed by the company. The company has 31 deals on record (21 funding rounds, 5 rights issues, 5 secondary share transfers), with disclosed funding of ₹714.78 Cr; the latest was in February 2021.
Company details
Name history
Sprint Advisory Services has undergone 3 name changes throughout its history. The company was previously known as Sain Marketing Networkprivate Limited, Sain Marketing Network Private Limited, and Sain Advisory Services Private Limited. The current legal name is Sprint Advisory Services Private Limited.
| Company Name | Status |
|---|---|
| Sprint Advisory Services Private Limited | Current |
| Sain Marketing Networkprivate Limited | Previous |
| Sain Marketing Network Private Limited | Previous |
| Sain Advisory Services Private Limited | Previous |
Contact details
Sprint Advisory Services Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressKnowledgehouse Shyamnagar Jogeshwari – Vikhroliroad Jogeshwari(E) (E), Mumbai, Maharashtra, India – 400060
- IndustryBusiness Outsourcing, Business & IT Consulting
To see the full contact details of Sprint Advisory Services 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 Sprint Advisory Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Sprint Advisory Services Private Limited, buy the company report.
Financials of Sprint Advisory Services Private Limited
FY 2021 filings availableSprint Advisory Services Private Limited reported revenue of ₹1 Lakh (down 91% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 91% fall 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹1 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹9.27 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹10.03 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 | |||||
To see the full financial statements and ratios of Sprint Advisory Services Private Limited, buy the company report.
Board of directors of Sprint Advisory Services Private Limited
Sprint Advisory Services has 6 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jennifer Susan Sparks | Director | 01 Feb 2016 | 10 Years 9 Months | As last reported |
| Gurpreet Grewal | Additional Director | 24 Mar 2022 | 4 Years 7 Months | As last reported |
| Robert Hector John Spence | Director | 22 Dec 2018 | 7 Years 10 Months | As last reported |
| Pankaj Jaju | Additional Director | 12 Nov 2021 | 5 Years 0 Months | As last reported |
| Vijay Laxminarayan Biyani Also directs: Santosh V K Investments Management LLP | Director | 16 Mar 2007 | 19 Years 7 Months | As last reported |
| Chandra Prakash Toshniwal | Director | 21 Mar 2006 | 20 Years 7 Months | As last reported |
Auditor
Sprint Advisory Services Private Limited is audited by L S D & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| L S D & CO | FY 2019 | 138200W |
Shareholding
The shareholding of Sprint Advisory Services Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Sprint Advisory Services Private Limited, buy the company report.
Deals & funding
Sprint Advisory Services Private Limited has 31 deals on record (21 funding rounds, 5 rights issues, 5 secondary share transfers), with disclosed funding of ₹714.78 Cr; the latest was in February 2021.
Deals on record (5 of 31)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Rights issue | ₹14.8 Cr | Investors: Future Enterprises Limited , Future Corporate Resources Limited, an individual |
| May 2019 | Rights issue | ₹45.57 Cr | Investors: Future Enterprises Limited , Future Corporate Resources Limited, an individual |
| Jun 2018 | Rights issue | ₹51.72 Cr | Investors: Future Enterprises Limited , Future Corporate Resources Limited, an individual |
| May 2017 | Rights issue | ₹113.15 Cr | Investors: Future Enterprises Limited , Future Corporate Resources Limited, an individual |
| Aug 2016 | Rights issue | ₹27.14 Cr | Investors: Future Enterprises Limited , Future Corporate Resources Limited, an individual |
To see the full deal history of Sprint Advisory Services Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Sprint Advisory Services Private Limited has 1 court case on record: 1 filed by Sprint Advisory Services. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Mumbai | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Sprint Advisory Services Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Sprint Advisory Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Sprint Advisory Services has 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
GST
No GST registration is on our record for Sprint Advisory Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sprint Advisory Services Private Limited has 11 board changes on record since 2006: 6 appointments and 5 cessations. The latest: Gurpreet Grewal was appointed as Additional Director on 24 Mar 2022.
2 earlier events are in the company report.
Frequently asked questions
Sprint Advisory Services has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Sprint Advisory Services was a private limited company based in Mumbai, Maharashtra, India. The company worked in business and IT consulting, within the business outsourcing industry. It was incorporated on 10 March 2005 and is registered under CIN U51909MH2005PTC151869. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Sprint Advisory Services was incorporated on 10 March 2005. It is registered with the Registrar of Companies, Mumbai.
Sprint Advisory Services had 6 directors:
- Jennifer Susan Sparks - Director
- Gurpreet Grewal - Additional Director
- Robert Hector John Spence - Director
- Pankaj Jaju - Additional Director
- Vijay Laxminarayan Biyani - Director
- Chandra Prakash Toshniwal - Director
The CIN (Corporate Identification Number) of Sprint Advisory Services is U51909MH2005PTC151869. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Sprint Advisory Services is at Knowledgehouse Shyamnagar Jogeshwari – Vikhroliroad JogeshwariE E, Mumbai, Maharashtra, India – 400060.
The latest financial statements of Sprint Advisory Services on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 23 September 2021. Year-wise statements from 2015 are in the company report.
Sprint Advisory Services operated in the business outsourcing industry, in the business and IT consulting segment.
Sprint Advisory Services has 31 deals on record (21 funding rounds, 5 rights issues, 5 secondary share transfers), with disclosed funding of ₹714.78 Cr; the latest was in February 2021.
Sprint Advisory Services has 1 court case on record: 1 filed by the company.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
