MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-TS-20-0013536
Spruce IT Private Limited - information technology in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹31.74 Cr
▲ 55% YoY
Net profit · FY 2025
₹68.53 Lakh
Net margin 2.2%
EBITDA · FY 2025
₹1.05 Cr
EBITDA margin 3.3%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹1.18 Cr
Secured borrowings
Company age
11 yrs
Est. 2015
Employees · EPFO
72
Provident fund records
About Spruce IT Private Limited
Data last updated:
Spruce IT Private Limited is a private limited company based in Hyderabad, Telangana, India, a subsidiary of Spruce Infotech Inc. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 03 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2015PTC100024. Its GSTIN is 36AAWCS0532L1ZV (Telangana). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Venumadhav Sangani and Venkataramana Sangani.
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 Spruce It P Ltd Unit – 1 3rd Flr A – Wing Nsl SEZ Plot No. 6 Sy.No.1 Ida Uppal, Hyderabad, Telangana, India – 500039.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.74 Cr, a growth of 55% compared to the previous year. For the same year it recorded a net profit of ₹68.53 Lakh (net margin 2.2%) and EBITDA of ₹1.05 Cr (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 52% over five years.
The company has about 72 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Spruce Infotech. As per MCA filings, the company has open charges of ₹1.18 Cr on record.
Spruce IT Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-20-0013536). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spruceinfotech.com.
Company details
CIN U72200TG2015PTC100024
Registration Number 100024
Incorporation Date 03 August 2015
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Spruce Infotech Inc
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TS-20-0013536
Recognitions & Rankings of Spruce IT
Contact details
Spruce IT Private Limited's registered office is in Hyderabad, Telangana. Its website is spruceinfotech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSpruce It P Ltd Unit – 1 3rd Flr A – Wing Nsl SEZ Plot No. 6 Sy.No.1 Ida Uppal, Hyderabad, Telangana, India – 500039
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Spruce IT Private Limited, buy the company report.
Comprehensive company report
Spruce IT Private Limited - 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Spruce IT operates one associated brand: Spruce Infotech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides IT staffing, solutions, outsourcing, and managed services to businesses worldwide. | spruceinfotech.com |
Business activity
The main business activity of Spruce IT is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Spruce IT Private Limited, buy the company report.
Financials of Spruce IT Private Limited
FY 2025 filings availableSpruce IT Private Limited reported revenue of ₹31.74 Cr (up 55% YoY) for FY 2025.
Revenue · FY 2025
₹31.74 Cr ▲ 55%
Net profit · FY 2025
₹68.53 Lakh margin 2.2%
EBITDA · FY 2025
₹1.05 Cr margin 3.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 55%
3 years · compounded
▲ 15%
5 years · compounded
▲ 52%
EBITDA CAGR growth
1 year
▼ 11%
3 years · compounded
▼ 32%
5 years · compounded
▲ 30%
Revenue has grown at a compounded annual rate (CAGR) of 52% over five years, including 55% growth in the latest year. EBITDA fell 11% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.05 Cr | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹68.53 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 3.3% | ||||
| Net Profit Margin | 2.2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Spruce IT Private Limited, buy the company report.
Board of directors of Spruce IT Private Limited
Spruce IT has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Venumadhav Sangani | Director | 03 Aug 2015 | 11 Years 2 Months | Current |
| Venkataramana Sangani | Director | 03 Aug 2015 | 11 Years 2 Months | Current |
Peer comparison
Spruce IT Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Qpi Technology Private Limited | ₹31.75 Cr (FY 2025) | 498.0% | Bengaluru, Karnataka, India | |||
| Spruce IT Private Limitedthis company | ₹31.74 Cr (FY 2025) | ₹68.53 Lakh | 2.2% | 55.0% | 72 | Hyderabad, Telangana, India |
| Muthoot Pappachan Technologies Limited | ₹31.6 Cr (FY 2025) | 39.0% | Thiruvananthapuram, Kerala, India | |||
| Futuresoft Solutions Private Limited | ₹31.52 Cr (FY 2025) | -13.0% | New Delhi, Delhi, India |
To see the full peer comparison of Spruce IT Private Limited, buy the company report.
Auditor
Spruce IT Private Limited is audited by SYB & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SYB & Co | FY 2023 | 018000S |
Shareholding
The shareholding of Spruce IT Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Spruce IT Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.18 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Oct 2025 | 101216981 | Hdfc Bank Limited | ₹18.14 Lakh | Open | |
| 23 Nov 2023 | 100828060 | Others | ₹1 Cr | Open |
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Spruce IT Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Spruce IT Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Spruce IT Private Limited has a workforce of 72 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
72
Active EPFO establishments
1
Employee growth
-32.08%
GST
Spruce IT has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAWCS0532L1ZV | Telangana | Active | 01 Jul 2017 |
| 36AAWCS0532L2ZU | Telangana | Active | 30 May 2022 |
To see the full GST registrations and return filing status of Spruce IT Private Limited, buy the company report.
Recent activity
Spruce IT Private Limited has 3 board changes on record since 2015: 2 appointments and 1 cessation. The latest: Sangani Jaya ceased to be Director on 01 Aug 2018.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 18.14 Lakh with Charge ID 101216981 was registered on 27 Oct 2025.
AGM
Spruce It Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Spruce It Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Hyderabad.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 100828060 was registered on 23 Nov 2023.
Ceased
Sangani Jaya ceased to be Director.
Appointed
Venkataramana Sangani was appointed as Director.
Appointed
Venumadhav Sangani was appointed as Director.
Incorporation
03 Aug 2015
Spruce It Private Limited was registered on 03 Aug 2015 with Roc Hyderabad & aged 11 years 2 months as per MCA records.
Frequently asked questions
Spruce IT is an active private limited company based in Hyderabad, Telangana, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 03 August 2015 (11+ years old) and is registered under CIN U72200TG2015PTC100024.
Spruce IT has 2 current directors:
- Venumadhav Sangani - Director
- Venkataramana Sangani - Director
The latest financial statements of Spruce IT on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Spruce IT is 36AAWCS0532L1ZV, registered in Telangana. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 36AAWCS0532L2ZU (Telangana).
The CIN (Corporate Identification Number) of Spruce IT is U72200TG2015PTC100024. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spruce IT was incorporated on 03 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Spruce IT by revenue are Qpi Technology Private Limited, Muthoot Pappachan Technologies Limited, Futuresoft Solutions Private Limited, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
Sangani Jaya ceased to be Director on 01 Aug 2018. Venkataramana Sangani was appointed as Director on 03 Aug 2015. Venumadhav Sangani was appointed as Director on 03 Aug 2015.
Yes, Spruce IT is registered as a small enterprise under Udyam registration (number: UDYAM-TS-20-0013536).
Spruce IT can be reached through the website spruceinfotech.com. Its registered office is in Hyderabad, Telangana, India.
The registered office of Spruce IT is at Spruce It P Ltd Unit – 1 3rd Flr A – Wing Nsl SEZ Plot No. 6 Sy.No.1 Ida Uppal, Hyderabad, Telangana, India – 500039.