Spi Technologies India Private Limited - Due diligence report

A 360° intelligence report on Spi-Global: trust score, financial health, credit view, compliance, directors, growth and distress signals - g…

2017-06-02 Mumbai, Maharashtra Active Unlisted Active Compliant
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ST Spi Technologies India Private Limited
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Spi-Global — 360° Intelligence Report

Generated from MCA filings & public records
80/100
Trust Score
Low Risk

Spi-Global is assessed as Low Risk with a Trust Score of 80/100. Spi-Global is an active private limited indian non-government company incorporated in 2017, operating in the Information Technology sector. The company has shown revenue growth across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a moderate compliance risk and low financial risk profile.

Report generated on 17 Jul 2026 from the latest processed filings. Spi Technologies India Private Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Strong
Compliance › Good

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreLow Risk
80/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreModerate
68/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
80/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Consolidated · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

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Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 70/100 Moderate
  • No open charges - unencumbered balance sheet.
  • Elevated gearing (D/E 38%).
  • Working-capital cover adequate.
  • Profitable - internal accruals available.
  • Externally credit-rated (BBB-).

Charges position: 0 open (-) · 0 satisfied (-).

Compliance Score: 68/100 Moderate
  • Company status is Active as per MCA.
  • Annual filings current (balance sheet Mar 2025).
  • Litigation present in 2 court forum(s).
  • 1 auditor resignation(s) filed - latest: Price Waterhouse Chartered Accountants LLP on 2020-09-16.
  • Delayed payments to MSME suppliers disclosed (16 disclosure(s)).
  • 4 active GST registration(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 90/100
NameDIN / PANDesignationAppointedTenureDIN status
KUPPUSAMY EZHIL ARASAN 01234567 Director 01/04/2018 6 yrs Approved
SANDHYA ROHIT MALHOTRA 01234567 Director 01/04/2018 6 yrs Approved
KUPPUSAMY EZHIL ARASAN 01234567 Director 01/04/2018 6 yrs Approved
DHANEESH KUMAR UNNEERY 01234567 Director 01/04/2018 6 yrs Approved
KUMAR SUBRAMANIAM 01234567 Director 01/04/2018 6 yrs Approved
DAYALU SUBBURAYALU 01234567 Director 01/04/2018 6 yrs Approved
STUTI MATHUR 01234567 Director 01/04/2018 6 yrs Approved
RUSTAM PATNAIK 01234567 Director 01/04/2018 6 yrs Approved
  • 8 directors on the board.
  • No disqualified or deactivated DINs.
  • 1 director exit(s) in the last 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2023 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Spi Global Content Mauritius Holding
Subsidiaries
-
Group entities
-
Capital events
0 allotment(s) · 5 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Laserwords Us Inc And Subsidiary Company 74.00%
Scope Us Inc. Subsidiary Company 74.00%
Tighe Publishing Services Inc Subsidiary Company 74.00%
Spi Global Content Mauritius Holding Holding Company 74.00%

Key managerial personnel: KUPPUSAMY EZHIL ARASAN (CFO) · KUPPUSAMY EZHIL ARASAN (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 95 · Distress 90
Growth signals & trust indicators
Revenue acceleration: +1.42 over 4 year(s).
Latest year revenue grew 2.1x.
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
EPFO headcount growing - hiring signal.
Operating for 9 years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
1 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 1.95 Lakh.
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence78/100
Favourable indicators
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • No distress signals on file.
  • Financial filings available for verification.
Banker assessment72/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view86/100
Positive growth indicators
Growth quality and scalability through an investor lens.
  • 6 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
24 Sep 2025
Last AGM held
Annual general meeting
31 Mar 2025
Latest balance sheet
Filed with ROC
04 Sep 2024
Director ceased
DAYALU SUBBURAYALU
13 Feb 2024
Director appointed
DAYALU SUBBURAYALU (Director)
31 Mar 2023
Share transfer (FY 2023)
8878505.00000000 shares to SPI Global Content Holding Pte Limited
Share transfer (FY 2023)
8126480.00000000 shares to SPI Global Content Holding Pte Limited
28 Sep 2022
Director ceased
SANDHYA ROHIT MALHOTRA
Director ceased
RUSTAM PATNAIK
31 Mar 2021
Share transfer (FY 2021)
1.00000000 shares to SPi Global Content Mauritius Holdin
03 Sep 2020
Director appointed
STUTI MATHUR (Company Secretary)
30 Mar 2019
Director ceased
RATNADEEP DATTA
Director ceased
KUPPUSAMY EZHIL ARASAN
29 Mar 2019
Director ceased
DHANEESH KUMAR UNNEERY
Director ceased
KUMAR SUBRAMANIAM
25 Mar 2019
Director appointed
DHANEESH KUMAR UNNEERY (Director)
10

Key Observations

Auto-generated from the data above
Revenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - leverage worth monitoring.
Net worth is positive.
8 active director(s) / partner(s); board looks stable and experienced.
4 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of BBB- from Care.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2023 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Igt Solutions U72300HR1998PTC136029 Industrial Complex Dundahera, Haryana, India
Markit India Services Private Limited U74900DL2009FTC188265 New Delhi, Delhi, India
Hdworks U72900MH2017PTC454955 Mumbai, Maharashtra, India
Claricetechnologies U72900PN2008PTC131460 Pune, Maharashtra, India
Bloomberg U72300MH1996PTC103206 Mumbai, Maharashtra, India
R1 Rcm U74900DL2009PTC187041 New Delhi, Delhi, India
Bt U72900DL2007PTC169335 Nehru Place, Delhi, India
Fidelity Information Services India Private Limited U72200DL2002PTC114964 New Delhi, Delhi, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Spi-Global before audits and certifications: compliance score 68/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Spi-Global: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Favourable lending indicators. Credit risk score 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Spi-Global - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Favourable indicators. Trust score 80/100, distress signals and MSME payment-delay disclosures - know whether Spi-Global pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (2 case(s) on record), regulatory flags, charge documents trail and director networks for Spi-Global - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Spi-Global an active company?

Spi-Global has MCA status “Active” with a compliance score of 68/100 (Moderate).

Is Spi-Global financially healthy?

Spi-Global has a Financial Health Score of 80/100 (Low Risk) based on its filed financial statements.

Should I do business with Spi-Global?

Its overall Trust Score is 80/100 (Low Risk). Vendor verdict: Favourable indicators. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Spi-Global?

The ultimate holding entity is Spi Global Content Mauritius Holding. 8 active director(s) are on record.

Does Spi-Global have loans or charges against its assets?

No charges are registered against this company - an unencumbered balance sheet.

Is Spi-Global up to date with its ROC filings?

Annual filings current (balance sheet Mar 2025). Overall compliance score: 68/100 (Moderate).

Is it risky to lend to Spi-Global?

Its Credit Risk Score is 70/100 (Moderate). Banker verdict: Favourable lending indicators.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.