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Spurge IT Services (OPC) Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.97 Cr
▼ 71% YoY
Net profit · FY 2024
₹3.98 Lakh
Net margin 2%
EBITDA · FY 2024
₹38.19 Lakh
EBITDA margin 19.4%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹60 Lakh
Secured borrowings
Company age
8 yrs
Est. 2018
Directors on board
1
As per MCA filings
About Spurge IT Services (OPC) Private Limited
Data last updated:
Spurge IT Services (OPC) Private Limited is a one person company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 26 October 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2018OPC118019. Its GSTIN is 29ABBCS0631E1ZO (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by director Kathan Nitinkumar Shah.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 677 First Floor 16th Main 6 A Cross 3rd Block Koramangala, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.97 Cr, a decline of 71% compared to the previous year. For the same year it recorded a net profit of ₹3.98 Lakh (net margin 2%) and EBITDA of ₹38.19 Lakh (EBITDA margin 19.4%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 75% over five years.
The company is associated with 1 brand: Spurge. As per MCA filings, the company has open charges of ₹60 Lakh on record. Court records list 13 cases involving the company, including 12 filed by the company and 1 filed against it; 1 case is pending.
Spurge IT Services (OPC) Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0108692). For more details, the company can be reached via its website spurgeit.com.
Company details
CIN U72900KA2018OPC118019
Registration Number 118019
Incorporation Date 26 October 2018
ROC Bangalore
Listing Status Unlisted
Company Status Active
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-KR-03-0108692
Key People
Kathan Nitinkumar Shah Director Recognitions & Rankings of Spurge IT Services
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0108692
Contact details
Spurge IT Services (OPC) Private Limited's registered office is in Bangalore, Karnataka. Its website is spurgeit.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address677 First Floor 16th Main 6 A Cross 3rd Block Koramangala, Bangalore, Karnataka, India – 560034
- IndustryFinancial Services, Equipment Leasing & Financing
To see the full contact details of Spurge IT Services (OPC) Private Limited, buy the company report.
Comprehensive company report
Spurge IT Services (OPC) 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
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Brands
Spurge IT Services operates one associated brand: SPURGE. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides laptop rentals, sales, service, and logistics for IT needs across India. | spurgeit.com |
Business activity
The main business activities of Spurge IT Services are trade and personal and household service. In detail, this covers retail trading and repair of computers and personal and household goods. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | |
| S | Personal and Household service | S2 | Repair of computers and personal and household goods |
To see the full business activity and turnover split of Spurge IT Services (OPC) Private Limited, buy the company report.
Financials of Spurge IT Services (OPC) Private Limited
FY 2025 filings availableSpurge IT Services (OPC) Private Limited reported revenue of ₹1.97 Cr (down 71% YoY) for FY 2024.
Revenue · FY 2024
₹1.97 Cr ▼ 71%
Net profit · FY 2024
₹3.98 Lakh margin 2%
EBITDA · FY 2024
₹38.19 Lakh margin 19.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 71%
3 years · compounded
▼ 15%
5 years · compounded
▲ 75%
EBITDA CAGR growth
1 year
▼ 63%
3 years · compounded
▲ 26%
5 years · compounded
▲ 109%
Revenue fell 71% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 75%. EBITDA fell 63% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹38.19 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.98 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.4% | ||||
| Net Profit Margin | 2% | ||||
| 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 Spurge IT Services (OPC) Private Limited, buy the company report.
Board of directors of Spurge IT Services (OPC) Private Limited
Spurge IT Services has 1 director on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kathan Nitinkumar Shah | Director | 26 Oct 2018 | 8 Years 0 Months | Current |
Auditor
Spurge IT Services (OPC) Private Limited is audited by Darshan B Shah & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Darshan B Shah & Associates | FY 2023 | 143328W |
Shareholding
The shareholding of Spurge IT Services (OPC) 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 Spurge IT Services (OPC) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹60 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2022 | 100646339 | Others | ₹60 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Spurge IT Services (OPC) Private Limited has 13 court cases on record: 12 filed by Spurge IT Services, 1 filed against it. 1 case is pending and 12 are disposed.
Total cases
13
Filed by the company
12
Filed against the company
1
Pending
1
Disposed
12
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 0 | 1 |
| High courts | 4 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Sarvaloka Services On Call Pvt Ltd and Others | Pending |
| District court, BENGALURU, Karnataka | Criminal case | Filed by the company against Dojoko Technologies India Pvt Ltd., and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Criminal case | Filed by the company against Sonix Human Capital Solutions Pvt Ltd., | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Sarvaloka Services On Call Pvt Ltd and Others | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S Fabtaxt Designs Pvt Limited | Disposed |
To see the full case history of Spurge IT Services (OPC) 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 Spurge IT Services (OPC) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Spurge IT Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABBCS0631E1ZO | Karnataka | Active | 13 May 2019 |
To see the full GST registrations and return filing status of Spurge IT Services (OPC) Private Limited, buy the company report.
Recent activity
Spurge IT Services (OPC) Private Limited has 1 board change on record since 2018: 1 appointment. The latest: Kathan Nitinkumar Shah was appointed as Director on 26 Oct 2018.
Filing
Spurge It Services (Opc) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Others amounted to Rs. 60.00 Lakh with Charge ID 100646339 was registered on 24 Nov 2022.
AGM
Spurge It Services (Opc) Private Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.
Appointed
Kathan Nitinkumar Shah was appointed as Director.
Incorporation
26 Oct 2018
Spurge It Services (Opc) Private Limited was registered on 26 Oct 2018 with Roc Bangalore & aged 8 years 18 days as per MCA records.
Frequently asked questions
Spurge IT Services is an active company based in Bangalore, Karnataka, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 26 October 2018 (8+ years old) and is registered under CIN U72900KA2018OPC118019.
Spurge IT Services has 1 current director:
- Kathan Nitinkumar Shah - Director
The latest financial statements of Spurge IT Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Spurge IT Services is 29ABBCS0631E1ZO, registered in Karnataka.
The CIN (Corporate Identification Number) of Spurge IT Services is U72900KA2018OPC118019. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spurge IT Services has 13 court cases on record: 12 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Spurge IT Services was incorporated on 26 October 2018, making it 8+ years old. It is registered with the Registrar of Companies, Bangalore.
Kathan Nitinkumar Shah was appointed as Director on 26 Oct 2018.
Yes, Spurge IT Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Spurge IT Services is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0108692).
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