Spruce Software Technology Private Limited
About Spruce Software Technology Private Limited
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Spruce Software Technology Private Limited is a private limited company based in Hyderabad, Andhra Pradesh, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 06 February 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72900TG2009PTC062734. Its GSTIN is 29AANCS1603H2Z9 (Karnataka). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Chintalapudi Srinivasa Rao and Mutyala Rao Nagubandi.
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 Hyderabad, Andhra Pradesh.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.38 Cr, a growth of 27% compared to the previous year. For the same year it recorded a net profit of ₹11.92 Lakh (net margin 1.1%) and EBITDA of ₹19.21 Lakh (EBITDA margin 1.9%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 20% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressPlot No – 8 H.No.1 – 2 – 1/8 Gokul Nagar Kothapet Vlg. Behind Masjid Opp.Tirumala Residency Ap, T Kothapet, Hyderabad, Andhra Pradesh, India – 500035
- IndustryInformation Technology, Software Development & 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 Spruce Software Technology Private Limited
The main business activity of Spruce Software Technology is information and communication. In detail, this covers information service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | 63 | Information 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.
Financials of Spruce Software Technology Private Limited FY 2024 filings available
Spruce Software Technology Private Limited reported revenue of ₹10.38 Cr (up 27% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Spruce Software Technology Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 27% growth in the latest year. EBITDA rose 108% 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 Spruce Software Technology 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹19.21 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹11.92 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Spruce Software Technology Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.1% | •••• | •••• | •••• | •••• |
| 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 Spruce Software Technology 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.
Peer Comparison of Spruce Software Technology Private Limited
Spruce Software Technology Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Terrific Minds Private Limited | •••• | •••• | •••• | •••• | 103 | Thiruvananthapuram, Kerala, India |
| DLT Apps Software Services Private Limited | •••• | •••• | •••• | •••• | - | Bengaluru, Karnataka, India |
| Vegayan Systems Private Limited | •••• | •••• | •••• | •••• | 46 | Mumbai, Maharashtra, India |
| Feba Technologies Private Limited | •••• | •••• | •••• | •••• | 11 | Secunderabad, Telangana, India |
| JMK Infosoft Solutions Limited | •••• | •••• | •••• | •••• | 402 | Aurangabad, Maharashtra, India |
| Spruce Software Technology Private Limited this company | •••• | •••• | •••• | •••• | - | Hyderabad, Andhra Pradesh, India |
| Devnagri AI Private Limited | •••• | •••• | •••• | •••• | 55 | Delhi, India |
| Meta Tech Ventures Limited | •••• | •••• | •••• | •••• | - | Varanasi, Uttar Pradesh, India |
| Incresol Software Services Private Limited | •••• | •••• | •••• | •••• | 132 | Shaikpet, Telangana, India |
| Synersoft Technologies Private Limited | •••• | •••• | •••• | •••• | 27 | Ahmadabad City, Gujarat, India |
| Izwe Warehouse Management Solutions India Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Spruce Software Technology by revenue in the Information Technology industry (Software Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Spruce Software Technology Private Limited
Spruce Software Technology Private Limited is audited by VARSHA RATAN & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VARSHA RATAN & 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 Spruce Software Technology Private Limited
Spruce Software Technology has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chintalapudi Srinivasa Rao Also directs: Spruce Technology Consulting Private Limited | Director | 05 Sep 2009 | 17 Years 1 Months | Current |
| Mutyala Rao Nagubandi | Director | 05 Sep 2009 | 17 Years 1 Months | Current |
| Javed Saikia | Director | 02 Nov 2015 | 10 Years 11 Months | Current |
| Narahari Karunagaran Also directs: Spruce Technology Consulting Private Limited | Director | 02 Nov 2015 | 10 Years 11 Months | Current |
Ownership and Shareholding of Spruce Software Technology 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 Spruce Software Technology Private Limited
Spruce Software Technology Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Spruce Software Technology Private Limited
Employment history and EPFO contributions of people linked to Spruce Software Technology.
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.
CIN History of Spruce Software Technology Private Limited
Spruce Software Technology has one previous CIN (Corporate Identification Number): U72900AP2009PTC062734. The current CIN is U72900TG2009PTC062734, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72900TG2009PTC062734 | Current |
| U72900AP2009PTC062734 | Previous |
Recent Activity on Spruce Software Technology Private Limited
Spruce Software Technology Private Limited has 6 board changes on record since 2009: 4 appointments and 2 cessations. The latest: Nagubandi Srinivasa Rao ceased to be Director on 08 Jan 2016.
Credit Ratings, Litigation & Regulatory Alerts for Spruce Software Technology 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 Spruce Software Technology 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 Spruce Software Technology 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 Spruce Software Technology Private Limited
Spruce Software Technology has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AANCS1603H2Z9 | Karnataka | Active | 19 Mar 2022 |
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 Spruce Software Technology 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 Spruce Software Technology Private Limited
Spruce Software Technology is an active private limited company based in Hyderabad, Andhra Pradesh, India. The company works in software development and support services, within the information technology industry. It was incorporated on 06 February 2009 (17+ years old) and is registered under CIN U72900TG2009PTC062734.
Spruce Software Technology reported revenue of ₹10.38 Cr for FY 2025 (up 27% YoY).
Spruce Software Technology has 4 current directors:
- Chintalapudi Srinivasa Rao - Director
- Mutyala Rao Nagubandi - Director
- Javed Saikia - Director
- Narahari Karunagaran - Director
Spruce Software Technology reported a net profit of ₹11.92 Lakh (net margin 1.1%) and EBITDA of ₹19.21 Lakh (EBITDA margin 1.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Spruce Software Technology is 23% over three years and 20% over five years. In the latest year (FY 2025) revenue rose 27%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Spruce Software Technology is 29AANCS1603H2Z9, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Spruce Software Technology is U72900TG2009PTC062734. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spruce Software Technology was incorporated on 06 February 2009, making it 17+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Spruce Software Technology by revenue are Terrific Minds Private Limited, DLT Apps Software Services Private Limited, Vegayan Systems Private Limited, Feba Technologies Private Limited, JMK Infosoft Solutions Limited and 5 more, all in the Information Technology industry (Software Services).
Nagubandi Srinivasa Rao ceased to be Director on 08 Jan 2016. Javed Saikia was appointed as Director on 02 Nov 2015. Narahari Karunagaran was appointed as Director on 02 Nov 2015. Spruce Software Technology has 6 board changes on record in total.
The registered office of Spruce Software Technology is at Plot No – 8 H.No.1 – 2 – 18 Gokul Nagar Kothapet Vlg. Behind Masjid Opp.Tirumala Residency Ap, T Kothapet, Hyderabad, Andhra Pradesh, India – 500035.