About DiGiSPICE Technologies Limited

DiGiSPICE Technologies Limited is a listed Indian technology company with its registered office in New Delhi and its corporate office in Noida. Incorporated in 1986 (CIN: L72900DL1986PLC330369), the Company has transitioned from a digital technology services provider to a focused financial technology platform, centred around assisted financial services delivered through its material subsidiary, Spice Money Limited. During FY 2024–25, DiGiSPICE completed its strategic pivot: the Digital Technology Services segment was fully discontinued on July 1, 2024, and the organisation consolidated around fintech solutions including cash services, payments, remittance, bill payments and a consumer wallet ecosystem via Spice Money and Spice Pay.

Spice Money powers one of India’s largest rural fintech networks, with over 1.5 million Adhikaris (Nanopreneurs) serving 2.5 lakh villages across 6,475 blocks, enabling access to essential services such as AePS and micro-ATM operations, domestic remittances, cash collection, BBPS bill payments, insurance distribution, PAN issuance and travel bookings. To further strengthen inclusion, DiGiSPICE launched Spice Pay, a PPI wallet integrated with UPI, designed for safe, simple digital transactions for rural consumers. In FY 2025, the Company reported strong traction across its pillars, including a rise in AePS (Off-Us) market share to 17.27%, up from 11.8% in FY 2020, supported by subscription-led engagement programmes.

Internationally, DiGiSPICE operates through a wide network of subsidiaries. As on March 31, 2025, the Company had 18 subsidiaries (6 direct, 12 step-down), of which 14 were registered outside India. It also had 2 associate companies. Foreign operations span Singapore, Bangladesh, Nepal, Indonesia and multiple African countries including Nigeria, Kenya, Uganda, Ghana, Zambia and Tanzania.

Key milestones in the year included the completion of its strategic exit from the Digital Technology Services business; expansion of the assisted-finance ecosystem; and the filing of a Scheme of Amalgamation involving DiGiSPICE Technologies Limited, Spice Money Limited, E-Arth Travel Solutions Private Limited and Vikasni Fintech Private Limited. The application for a no-objection letter under Regulation 37 has been filed and is pending observation/approval. The Company’s 37th Annual General Meeting is scheduled for September 29, 2025.

DiGiSPICE Technologies Limited Key Milestones

Milestones include:

• Incorporation in 1986 as a technology services company. 
• Strategic pivot in FY 2024–25 from Digital Technology Services to fintech. 
• Full discontinuation of Digital Technology Services from July 1, 2024. 
• Scaling Spice Money into one of India’s largest rural fintech networks. 
• Launch of Spice Pay, a UPI-integrated PPI wallet aligned with RBI guidelines. 
• Filing of Scheme of Amalgamation for consolidation with group fintech entities. 
• Expansion across Africa and South Asia via subsidiaries. 
• Recognition with multiple fintech industry awards in 2025. 

DiGiSPICE Technologies Limited Business Segments

The Company now operates primarily as a fintech platform; no segment-wise revenue split is provided.

• Assisted Financial Services: AePS, micro-ATM, cash-in/cash-out, remittance, CMS collections, BBPS bill payments, recharges, insurance and travel. 
• Consumer Digital Wallet: Spice Pay—PPI wallet linked with UPI for small-value digital transactions. 
• Rural and Semi-Urban Distribution Network: 1.5 million+ Adhikaris across 2.5 lakh villages. 
• International Subsidiaries: Fintech and digital solutions across South Asia and Africa. 

DiGiSPICE Technologies Limited Key Management

• Dilip Modi – Chairman 
• Rohit Ahuja – Executive Director 
• Sanjeev Kumar – Chief Financial Officer (Interim) 
• Ruchi Mehta – Company Secretary & Compliance Officer 

Latest Updates on DiGiSPICE Technologies Limited

Strategic pivot completed:
The Company fully discontinued its Digital Technology Services segment from July 1, 2024, consolidating all operations around fintech through Spice Money and Spice Pay.

Expanding assisted-finance ecosystem:
The Spice Money network expanded to 1.5 million Adhikaris, active across 2.5 lakh villages, serving ~25 million customers per month.

Product and volume momentum:
CMS GTV grew 56%, and BBPS GTV grew 27%, together contributing 42% of total GTV in FY 2025. Over 1.35 lakh new subscription packs were sold during the year.

AePS leadership:
AePS (Off-Us) market share rose to 17.27%, with Cash-Out services contributing 58% of total Gross Margin.

Consumer wallet launch:
Spice Pay—a PPI wallet integrated with UPI—was launched in line with the RBI’s May 2025 guidelines on full-KYC and security for small-value transactions.

Corporate actions:
Borrowing powers enhanced to Rs 200 crore (approved January 29 and May 8, 2024). Class-B equity shares of a subsidiary were made fully paid on receipt of pending call money.

Group restructuring and updates:
Dissolution of Spice Digital FZCO (UAE subsidiary) effective April 18, 2025. Post year-end, DiGiSPICE acquired 8,69,030 Class-B shares of Spice Money Limited.

Awards and recognitions:
The Company received notable accolades including Best Fintech Company (Businessworld ’25 and Bharat Fintech Summit ’25), FE Award for VIP Adhikari Program, DG+ Marketing Automation Award and Social Entrepreneur of the Year (The Economic Times).