Spotify India Private Limited - Due diligence report

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

2017-06-02 Mumbai, Maharashtra Converted To Llp Unlisted
Share
View plans
SI Spotify India Private Limited
Full Due-Diligence Report + Documents
  • Unlock all financial figures & 5-year trends
  • Full trust, health & credit-risk scores
  • Director details, charges & MCA documents
₹700 ₹349 50% off New user
Or enjoy up to 50% off with credits View credit packages
Company Credits – Starter
  • One credit unlocks this full due-diligence report
  • Use across any company’s report, anytime
  • Credits valid for 12 months
× ₹700 ₹279 = ₹2,790 60% off
Choose your own credit amount View credit packages

Spotify — 360° Intelligence Report

Generated from MCA filings & public records
26/100
Trust Score
Caution Indicated

Spotify is assessed as Caution Indicated with a Trust Score of 26/100. Spotify is a private limited foreign company incorporated in india incorporated in 2017, operating in the Internet sector. It reported a loss in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and high financial risk profile.

Report generated on 03 Jul 2026 from the latest processed filings. Spotify India Private Limited snapshot & full profile →

Financial Health › Caution
Overall Assessment CautionWeakNeutralGoodStrong Caution
Compliance › Caution

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 ScoreCaution Indicated
26/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
16/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreCaution Indicated
20/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
50/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreCaution Indicated
25/100
No active directors on record.
Growth ScoreModerate
55/100
Revenue, profit, asset and hiring momentum.
Distress ScoreCaution Indicated
10/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 2 filed year(s)

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

Get full access

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: 50/100 Moderate
  • Negative operating earnings - debt service depends on external support.
  • No open charges - unencumbered balance sheet.
  • Working-capital cover adequate.

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

Compliance Score: 16/100 Caution Indicated
  • Company status is "Converted To Llp" - not Active.
  • Last balance sheet is for Mar 2019 - filings overdue.
  • Litigation present in 2 court forum(s).
Legal cases on record (2)
05

Director Intelligence

Stability score: 25/100
No active directors on record.
06

Ownership & Group Intelligence

As per FY 2019 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
Spotify Ab
Subsidiaries
-
Group entities
-
Capital events
3 allotment(s) · 0 transfer(s)

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

Group entityRelationship% held
Spotify Ab Holding Company 74.00%

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 55 · Distress 10
Growth signals & trust indicators
Asset base grew 38% - capacity expansion.
Operating for 9 years.
Distress signals & risk flags
Losses deepening year-on-year.
Outside liabilities up 1.42 in a year.
Negative net worth.
Statutory filings appear overdue.
Adverse company status: Converted To Llp.
Compliance score is weak (16/100).
2 court case(s) on record - see the legal section for details.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence17/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 5 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment32/100
Enhanced diligence advised
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 view36/100
Limited indicators at present
Growth quality and scalability through an investor lens.
  • 1 growth signal(s) detected.
  • Margin and return trends computable from filings.
  • Management churn warrants questions.
09

MCA Filings & Events Timeline

Latest 10 events
12 Jun 2019
Director ceased
PETER GRANDELIUS
Director ceased
KUMAR KRISHNAN IYER
Director ceased
AMARJIT SINGH BATRA
26 Apr 2019
Last AGM held
Annual general meeting
11 Apr 2019
Director ceased
JENS CHRISTIAN GREJS SVOLGAARD
31 Mar 2019
Latest balance sheet
Filed with ROC
24 Jan 2019
Securities allotted
48000000 Debentures - 48.00 cr raised
14 Aug 2018
Securities allotted
40000000 Debentures - 40.00 cr raised
30 Aug 2017
Securities allotted
6375500 Equity Shares - 6.38 cr raised
02 Jun 2017
Incorporated
Registered with Roc Mumbai
10

Key Observations

Auto-generated from the data above
Promoters hold a dominant controlling stake as per the FY 2019 annual return.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Gramya Sanjyog Technologies Private Limited U74999AS2016PTC017579 Guwahati, Assam, India
Unos Info Solution Private Limited U72300MH2010PTC208072 Nerul, Maharashtra, India
Syniotic Design Systems Private Limited U72900TG2017PTC113858 Hyderabad, Telangana, India
Maverick Telecommunication Private Limited U64100MH2010PTC204781 Mumbai, Maharashtra, India
Hosiyarloko It Solutions Private Limited U74999PY2017PTC008212 Kosapalayam, Pondicherry, India
Trendz Information Technologies Limited U72200TG2000PLC034574 Hyderabad, Telangana, India
Weave Bytes Infotech Private Limited U72200PB2011PTC035742 Kharar, Punjab, India
Foodfesta Wellcare U55205MH2017PTC296184 Mumbai, Maharashtra, India
12

Who Uses This Report

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

Verify Spotify before audits and certifications: compliance score 16/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Spotify: 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: Enhanced diligence advised. Credit risk score 50/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Limited indicators at present. Growth score 55/100, margin trends, ownership structure and peer set for Spotify - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 26/100, distress signals and MSME payment-delay disclosures - know whether Spotify 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 Spotify - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Spotify an active company?

Spotify has MCA status “Converted To Llp” with a compliance score of 16/100 (Caution Indicated).

Is Spotify financially healthy?

Spotify has a Financial Health Score of 20/100 (Caution Indicated) based on its filed financial statements.

Should I do business with Spotify?

Its overall Trust Score is 26/100 (Caution Indicated). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Spotify?

The ultimate holding entity is Spotify Ab.

Does Spotify have loans or charges against its assets?

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

Is Spotify up to date with its ROC filings?

Last balance sheet is for Mar 2019 - filings overdue. Overall compliance score: 16/100 (Caution Indicated).

Is it risky to lend to Spotify?

Its Credit Risk Score is 50/100 (Moderate). Banker verdict: Enhanced diligence advised.

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.