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Suspire India Ecosystems Private Limited - e-commerce in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹22.1 Lakh
▲ 104% YoY
Net loss · FY 2024
₹65.7 Lakh
Net margin -297.3%
EBITDA · FY 2024
-₹65.49 Lakh
EBITDA margin -296.3%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹87.7 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Active GSTINs
23
GST registered
About Suspire India Ecosystems Private Limited
Data last updated:
Suspire India Ecosystems Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 08 June 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2021PTC361784. Its GSTIN is 27ABGCS2016L1CK (Maharashtra). The company holds 23 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹87.7 Lakh. It is led by directors Swayam Rajiv Doshi and Rajiv Madhukant Doshi.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.1 Lakh, a growth of 104% compared to the previous year. For the same year it recorded a net loss of ₹65.7 Lakh (net margin -297.3%) and EBITDA of -₹65.49 Lakh (EBITDA margin -296.3%).
The company is associated with 1 brand: Suspire. The company has 1 deal on record (1 funding round), with disclosed funding of ₹72.7 Lakh; the latest was in September 2023. Its 4 peer companies in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (retail trading) are compared by revenue, 2 larger and 2 smaller; the largest is Inway Retails Private Limited with revenue of ₹22.58 Lakh.
Suspire India Ecosystems Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0254580). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website suspire.in.
Company details
CIN U74999MH2021PTC361784
Registration Number 361784
Incorporation Date 08 June 2021
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0254580
Recognitions & Rankings of Suspire India Ecosystems
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0254580
Contact details
Suspire India Ecosystems Private Limited's registered office is in Mumbai, Maharashtra. Its website is suspire.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA/401 Common M. L. Spaces Cts No. 1229 1229/1 Opp. Mc.Donalds Tps – III D. J. Road VI, Le Parle W, Mumbai, Maharashtra, India – 400056
- IndustryE-Commerce, General E-Commerce Platforms
To see the full contact details of Suspire India Ecosystems Private Limited, buy the company report.
Comprehensive company report
Suspire India Ecosystems 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
Suspire India Ecosystems operates one associated brand: Suspire. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An online marketplace offering a wide range of eco-friendly products across categories. | suspire.in |
Business activity
The main business activity of Suspire India Ecosystems is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Suspire India Ecosystems Private Limited, buy the company report.
Financials of Suspire India Ecosystems Private Limited
FY 2025 filings availableSuspire India Ecosystems Private Limited reported revenue of ₹22.1 Lakh (up 104% YoY) for FY 2024.
Revenue · FY 2024
₹22.1 Lakh ▲ 104%
Net loss · FY 2024
₹65.7 Lakh margin -297.3%
EBITDA · FY 2024
-₹65.49 Lakh margin -296.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 104%
EBITDA CAGR growth
1 year
▼ 27%
Revenue rose 104% in the latest year. EBITDA fell 27% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|
| 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 | -₹65.49 Lakh | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹65.7 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 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -296.3% | ||
| Net Profit Margin | -297.3% | ||
| 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 Suspire India Ecosystems Private Limited, buy the company report.
Board of directors of Suspire India Ecosystems Private Limited
Suspire India Ecosystems 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 |
|---|---|---|---|---|
| Swayam Rajiv Doshi Also directs: Atman Investments Private Limited | Director | 08 Jun 2021 | 5 Years 4 Months | Current |
| Rajiv Madhukant Doshi Also directs: Sahaj Securities LLP, Atman Investments Private Limited | Director | 12 Feb 2024 | 2 Years 8 Months | Current |
Peer comparison
Suspire India Ecosystems Private Limited is compared with the 4 companies closest to it by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Inway Retails Private Limited | ₹22.58 Lakh (FY 2023) | -54.0% | Kanpur, Uttar Pradesh, India | |||
| Walgrow International Private Limited | ₹22.27 Lakh (FY 2024) | -51.0% | Noida, Uttar Pradesh, India | |||
| Suspire India Ecosystems Private Limitedthis company | ₹22.1 Lakh (FY 2024) | -₹65.7 Lakh | -297.3% | 104.0% | Mumbai, Maharashtra, India | |
| Giantcart Online Services Private Limited | ₹22.08 Lakh (FY 2020) | Mysore, Karnataka, India | ||||
| Heravi Pink Store Private Limited | ₹21.82 Lakh (FY 2025) | 442.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Suspire India Ecosystems Private Limited, buy the company report.
Auditor
Suspire India Ecosystems Private Limited is audited by Shaparia Mehta & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Shaparia Mehta & Associates LLP | FY 2023 | 0112350W |
Shareholding
The shareholding of Suspire India Ecosystems Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Suspire India Ecosystems Private Limited, buy the company report.
Deals & funding
Suspire India Ecosystems Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹72.7 Lakh; the latest was in September 2023.
Total deals
1
Funding round
1
Disclosed funding
₹72.7 Lakh
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2023 | Funding round | ₹72.7 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Suspire India Ecosystems 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 Suspire India Ecosystems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Suspire India Ecosystems Private Limited has 1 active EPFO establishment as of Mar 23, 2024.
Active EPFO establishments
1
GST
Suspire India Ecosystems has 23 GST registrations: 23 active. The first 4 active GSTINs are listed below.
Total GSTINs
23
Active
23
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABGCS2016L1CK | Maharashtra | Active | 30 Jul 2021 |
| 27ABGCS2016L1Z9 | Maharashtra | Active | 29 Sep 2021 |
| 36ABGCS2016L1CL | Telangana | Active | 29 Jan 2023 |
| 29ABGCS2016L1CG | Karnataka | Active | 01 Feb 2023 |
To see the full GST registrations and return filing status of Suspire India Ecosystems Private Limited, buy the company report.
Recent activity
Suspire India Ecosystems Private Limited has 4 board changes on record since 2021: 3 appointments and 1 cessation. The latest: Deepak Ramakrishna ceased to be Director on 01 Apr 2024.
AGM
Suspire India Ecosystems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Suspire India Ecosystems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Deepak Ramakrishna ceased to be Director.
Appointed
Rajiv Madhukant Doshi was appointed as Director.
Appointed
Deepak Ramakrishna was appointed as Director.
Appointed
Swayam Rajiv Doshi was appointed as Director.
Incorporation
08 Jun 2021
Suspire India Ecosystems Private Limited was registered on 08 Jun 2021 with Roc Mumbai & aged 5 years 4 months as per MCA records.
Frequently asked questions
Suspire India Ecosystems is an active private limited company based in Mumbai, Maharashtra, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 08 June 2021 (5+ years old) and is registered under CIN U74999MH2021PTC361784.
Suspire India Ecosystems has 2 current directors:
- Swayam Rajiv Doshi - Director
- Rajiv Madhukant Doshi - Director
The latest financial statements of Suspire India Ecosystems 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 2022 are in the company report.
The GSTIN of Suspire India Ecosystems is 27ABGCS2016L1CK, registered in Maharashtra. The company has 23 GST registrations in all, of which 23 are active. Other active GSTINs include 27ABGCS2016L1Z9 (Maharashtra), 36ABGCS2016L1CL (Telangana), 29ABGCS2016L1CG (Karnataka).
The CIN (Corporate Identification Number) of Suspire India Ecosystems is U74999MH2021PTC361784. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Suspire India Ecosystems was incorporated on 08 June 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
Suspire India Ecosystems has 1 deal on record (1 funding round), with disclosed funding of ₹72.7 Lakh; the latest was in September 2023.
The peers of Suspire India Ecosystems by revenue are Inway Retails Private Limited, Walgrow International Private Limited, Giantcart Online Services Private Limited, Heravi Pink Store Private Limited, all in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (retail trading).
Deepak Ramakrishna ceased to be Director on 01 Apr 2024. Rajiv Madhukant Doshi was appointed as Director on 12 Feb 2024. Deepak Ramakrishna was appointed as Director on 08 Jun 2021. Suspire India Ecosystems has 4 board changes on record in total.
Yes, Suspire India Ecosystems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Suspire India Ecosystems is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0254580).
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