Company Intelligence Profile
Kulfi Ventures Private Limited
Kulfi Ventures Pvt Ltd is the legal/holding entity for "Kulfi Collective," a Mumbai-headquartered branded and original digital content network founded in 2012 by brothers Akshat Gupt and Advait Rajan Gupt, formed by merging three studios in 2021.
AI-generated summary from public filings and may contain errors. Verify against the detailed sections below.
Company Identity
Confirmed| Registered name | Kulfi Ventures Private Limited |
|---|---|
| CIN | U74999MH2018PTC314961 |
| PAN | AAHCK2829H (source: Tofler) |
| Status | Active |
| Listing | Unlisted (private limited company; no listed debt/equity found) |
| Incorporated | 28 September 2018 (source: Tofler, TheCompanyCheck — both agree; one earlier aggregator snippet said "28 Dec 2018" but is contradicted by two direct-fetched primary aggregator pages, so treated as an error) |
| ROC | RoC Mumbai, Maharashtra (source: Tofler, TheCompanyCheck) |
| Sector (NIC) | NIC: "Other business activities n.e.c." (business/content services); industry tag "Business Services" (source: Tofler, TheCompanyCheck) |
| Registered address | 11th Floor, Discovery of India Building, Worli, Mumbai City, Mumbai, Maharashtra, India – 400018 (source: Tofler, TheCompanyCheck — consistent) |
| Authorized capital | INR 10.0 Lakh (₹1,000,000) (source: Tofler, TheCompanyCheck) |
| Paid-up capital | INR 1.19 Lakh (₹119,050) (source: Tofler, TheCompanyCheck) |
Business Overview
Confirmed- Kulfi Ventures Pvt Ltd is the legal/holding entity for "Kulfi Collective," a Mumbai-headquartered branded and original digital content network founded in 2012 by brothers Akshat Gupt and Advait Rajan Gupt, formed by merging three studios in 2021
- It operates three verticals: Supari Studios (branded video content for commercial clients — Red Bull, Google, Netflix, Flipkart cited as past clients), Post Office/Post Busters Media Labs (tech-enabled/immersive content), and Keeda Media (original IP/content for younger, creator-first audiences)
- Team size ~36 (as of Nov 2024)
- Source: Tofler, TheCompanyCheck, kulficollective.com
Directors
Partial / conflicting7 directors identified (Tofler; confirmed against TheCompanyCheck's overlapping list, DINs only available from Tofler — single-source for DIN numbers, so treat DINs as partial):
| Name | DIN | Role | Appointed |
|---|---|---|---|
| Mukul Nag | 03168627 | - | - |
| Akshat Gupt | 05328293 | - | - |
| Advait Rajan Gupt | 05328276 | - | - |
| Smitha Menon | 09579530 | - | - |
| Anjali Ranjit Malhotra | 07095425 | - | - |
| Divya Rupchand Karani | 01829747 | - | - |
Financials
Partial / conflictingFY2025 (year ended 31 Mar 2025), standalone, per TheCompanyCheck (direct fetch) and corroborated by an independent aggregator search snippet with identical figures:
| Revenue | ₹70.5 Cr (up ~23% YoY) — confirmed (2 sources agree) |
|---|---|
| EBITDA / PAT / Net worth | Locked behind premium paywall on TheCompanyCheck — not obtained |
| FY2023 note (Tofler) | operating revenue band "Under INR 1 Cr" with book net worth +6.91% — this conflicts sharply with the FY25 ₹70.5 Cr figure; plausible if the company scaled rapidly 2023→2025 (revenue-recognition change post 2021 merger of the three studios into one entity), but flagged as an unresolved jump, not reconciled |
| Borrowings/charges | total open charges ₹8.5 Cr per TheCompanyCheck — The Hongkong and Shanghai Banking Corporation Ltd (HSBC), ₹6.0 Cr, registered 13 Nov 2025 (single-source, partial); Equentia Financial Services Pvt Ltd, ₹2.5 Cr, registered 20 Mar 2025 (confirmed — agrees with Tofler's separately-reported charge of the same amount/date). No satisfied charges reported |
Funding
Partial / conflicting- No external equity funding round identified for Kulfi Ventures/Kulfi Collective/Supari Studios from Crunchbase or search aggregators
- company appears bootstrapped/self-funded historically (standard VC trackers show no priced round for this entity)
- Caution: an Inc42 profile at the URL "inc42.com/company/kulfi/" describes a DIFFERENT company also named "Kulfi" — a Delhi-based, 2025-founded couples/relationship mobile app — this is NOT the same entity as Kulfi Ventures Pvt Ltd (Mumbai content studio, inc. 2018) and its funding/founder data must not be attributed here (entity-confusion trap, explicitly excluded)
- Debt financing (see charges: HSBC, Equentia) is confirmed but that is debt, not equity funding
Charges / Borrowings
Partial / conflicting- Total open charges ₹8.5 Cr (TheCompanyCheck): HSBC ₹6.0 Cr (13 Nov 2025, single-source/partial) + Equentia Financial Services Pvt Ltd ₹2.5 Cr (20 Mar 2025, confirmed across Tofler + TheCompanyCheck)
- No satisfied charges found
Competitors
Partial / conflictingIndian branded/digital content-studio peers (named, similar or larger scale, unconfirmed precise revenue for each so scale is a rough tag):
- TVF / The Viral Fever (Contagious Online Media) — large, ~₹100-200 Cr+ scale
- Pocket Aces (Dice Media / FilterCopy) — large digital content network, similar/larger scale
- Culture Machine Media — comparable scale, branded + owned content
- OML Entertainment (Only Much Louder) — comparable/larger, live events + content
- Qyuki Digital Media — smaller-to-comparable, creator/content network
- Ping Digital Broadcast / One Digital Entertainment (ODE) — comparable niche branded-content studio
Note: these are qualitative peer picks based on sector/segment similarity (branded + original digital video content for brands/Gen Z audiences), not a verified ranked competitor list from a single source.
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