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.
Kulfi Ventures Pvt Ltd, incorporated on 28 September 2018, is the legal entity behind "Kulfi Collective," a Mumbai-based digital content network. Established in 2012 by Akshat Gupt and Advait Rajan Gupt, it merged three studios in 2021 to expand its operations. Kulfi Collective functions through three verticals: Supari Studios, Post Office/Post Busters Media Labs, and Keeda Media. The company reported FY2025 revenue of ₹70.5 Cr, supported by borrowings totaling ₹8.5 Cr as confirmed by TheCompanyCheck and Tofler. Kulfi Ventures appears historically self-funded.
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Business Overview
- 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.
Sector & Classification
NIC: "Other business activities n.e.c." (business/content services); industry tag "Business Services" (source: Tofler, TheCompanyCheck)
Directors & Key Management
Directors — source notes
7 directors identified (Tofler; confirmed against TheCompanyCheck's overlapping list, DINs only available from Tofler — single-source for DIN numbers, so treat DINs as partial): - Mukul Nag — DIN 03168627 - Aparna Naimpally (listed as "Aparna Gupt" on TheCompanyCheck — likely same person/name variant, unconfirmed) — DIN 08218470 - Akshat Gupt — DIN 05328293 (co-founder) - Advait Rajan Gupt — DIN 05328276 (co-founder, CEO/KMP per TheCompanyCheck) - Smitha Menon — DIN 09579530 - Anjali Ranjit Malhotra — DIN 07095425 - Divya Rupchand Karani — DIN 01829747 Note: TheCompanyCheck lists only 6 current directors (Nag, A. Gupt, A.R. Gupt, Menon, Malhotra, Karani) — Aparna Naimpally/Gupt not shown there, possible recent resignation not reflected on Tofler; flag as a conflict, not resolved.
GST Registrations
Not obtained. PAN AAHCK2829H is confirmed (Tofler) which implies a Maharashtra (state code 27) home-state GSTIN, but no GST search source (KnowYourGST, FindGST, MastersIndia) returned the actual GSTIN(s), registration count, or status via accessible free-tier pages. Do not infer the GSTIN string — mark as gap.
Financials
Kulfi Ventures Private Limited reported revenue of ₹70.5 Cr for FY2025, reflecting a 23% YoY increase. Total borrowings are ₹8.5 Cr, with charges from HSBC and Equentia Financial Services. Revenue increase since FY2023 suggests rapid scaling post-merger.
AI-generated, may contain errors.
- FY2025, 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 History
- 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.
Loans & Charges
- 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.
Competitive Landscape
- Indian 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.
Frequently Asked Questions
What does Kulfi Ventures Pvt Ltd do?
Kulfi Ventures Pvt Ltd is the legal entity for Kulfi Collective, a Mumbai-headquartered digital content network. It was formed by merging three studios in 2021 and operates three verticals: Supari Studios, Post Office/Post Busters Media Labs, and Keeda Media.
What is the Corporate Identification Number (CIN) of Kulfi Ventures Pvt Ltd?
The CIN of Kulfi Ventures Pvt Ltd is U74999MH2018PTC314961.
When was Kulfi Ventures Pvt Ltd incorporated?
Kulfi Ventures Pvt Ltd was incorporated on 28 September 2018.
Where is the registered office of Kulfi Ventures Pvt Ltd located?
The registered office of Kulfi Ventures Pvt Ltd is located at 11th Floor, Discovery of India Building, Worli, Mumbai City, Mumbai, Maharashtra, India, 400018.
Sources
Tofler (https://www.tofler.in/kulfi-ventures-private-limited/company/U74999MH2018PTC314961) — direct fetch, primary registry-aggregator source for identity/capital/directors/DINs/charges; TheCompanyCheck (https://www.thecompanycheck.com/company/kulfi-ventures-private-limited/U74999MH2018PTC314961) — direct fetch, financials/charges/directors; kulficollective.com and kulficollective.com/about — direct fetch, business overview + logo; web-search aggregation of Tracxn/ZaubaCorp-derived snippets (not directly fetched, ZaubaCorp is disallowed) used only to cross-check revenue figure; Inc42 (inc42.com/company/kulfi/) fetched but EXCLUDED as it profiles a different, unrelated company. GSTIN sources attempted but returned no data: knowyourgst.com, findgst.in, mastersindia.co. IndiaLEI (indialei.in) surfaced in search (LEI 3358006TL69DIF1B9379) but not directly fetched.
Information compiled from public registry and secondary sources. It may be incomplete or dated; verify independently before relying on it.