MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0257598
Madshades Technologies Private Limited - e-commerce in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹7.04 Cr
▲ 170% YoY
Net loss · FY 2025
₹6.9 Cr
Net margin -98%
EBITDA · FY 2025
-₹6.86 Cr
EBITDA margin -97.4%
Authorised capital
₹13 Lakh
Registered with MCA
Paid-up capital
₹1.45 Lakh
Issued & subscribed
Company age
4 yrs
Est. 2022
Employees · EPFO
6
Provident fund records
Directors on board
2
As per MCA filings
About Madshades Technologies Private Limited
Data last updated:
Madshades Technologies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the online rental platforms segment of the e-commerce sector. It was incorporated on 19 August 2022.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36940MH2022PTC388803. Its GSTIN is 27AAQCM1016P1Z1 (Maharashtra).
The company has an authorised share capital of ₹13 Lakh and a paid-up capital of ₹1.45 Lakh. It is led by directors Shristi Jaishankar Padia and Sourabh Sunil Jain.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.04 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹6.9 Cr (net margin -98%) and EBITDA of -₹6.86 Cr (EBITDA margin -97.4%).
The company has about 6 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: the EleFant and The EleFant. The company has 1 deal on record (1 funding round), with disclosed funding of ₹6 Cr; the latest was in July 2024.
Madshades Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0257598). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website theelefant.ai.
Company details
CIN U36940MH2022PTC388803
Registration Number 388803
Incorporation Date 19 August 2022
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0257598
Recognitions & Rankings of Madshades Technologies
Contact details
Madshades Technologies Private Limited's registered office is in Mumbai, Maharashtra. Its website is theelefant.ai. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No. 705 7th Floor Palm Spring Centre Csl, Building No.3 Above Croma Showroom Link Road Malad West, Mumbai, Maharashtra, India – 400064
- IndustryE-Commerce, Online Rental Platforms
To see the full contact details of Madshades Technologies Private Limited, buy the company report.
Comprehensive company report
Madshades Technologies Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Madshades Technologies operates two associated brands: the EleFant and The EleFant. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers subscription service for renting, exchanging, and delivering age-appropriate children's toys. | theelefant.com | |
| Toys for children are rented online via The EleFant platform. | theelefant.ai |
Business activity
The main business activity of Madshades Technologies is arts, entertainment and recreation. In detail, this covers library, archives, museums and other cultural activities..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R2 | Library, archives, museums and other cultural activities. |
To see the full business activity and turnover split of Madshades Technologies Private Limited, buy the company report.
Financials of Madshades Technologies Private Limited
FY 2025 filings availableMadshades Technologies Private Limited reported revenue of ₹7.04 Cr (up 170% YoY) for FY 2025.
Revenue · FY 2025
₹7.04 Cr ▲ 170%
Net loss · FY 2025
₹6.9 Cr margin -98%
EBITDA · FY 2025
-₹6.86 Cr margin -97.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 170%
EBITDA CAGR growth
1 year
▼ 436%
Revenue rose 170% in the latest year. EBITDA fell 436% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | |||
| Other Income | |||
| Total Revenue | |||
| Cost of Materials Consumed | |||
| Employee Benefit Expense | |||
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| Depreciation and Amortisation | |||
| Other Expenses | |||
| Total Expenses | |||
| EBITDA | -₹6.86 Cr | ||
| Profit Before Tax | |||
| Tax Expense | |||
| Net Profit (PAT) | -₹6.9 Cr | ||
| Balance Sheet | |||
| Share Capital | |||
| Reserves and Surplus | |||
| Net Worth (Total Equity) | |||
| Long-term Borrowings | |||
| Short-term Borrowings | |||
| Trade Payables | |||
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| Fixed Assets | |||
| Investments | |||
| Inventories | |||
| Trade Receivables | |||
| Cash and Bank Balance | |||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -97.4% | ||
| Net Profit Margin | -98% | ||
| Return on Equity (ROE) | |||
| Return on Capital Employed (ROCE) | |||
| Return on Assets (ROA) | |||
| Liquidity and Debt | |||
| Current Ratio | |||
| Quick Ratio | |||
| Debt-to-Equity Ratio | |||
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| Efficiency and Growth | |||
| Asset Turnover | |||
| Receivable Days | |||
| Payable Days | |||
| Inventory Days | |||
| Revenue Growth | |||
| Net Profit Growth | |||
To see the full financial statements and ratios of Madshades Technologies Private Limited, buy the company report.
Board of directors of Madshades Technologies Private Limited
Madshades Technologies has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shristi Jaishankar Padia | Director | 19 Aug 2022 | 4 Years 2 Months | Current |
| Sourabh Sunil Jain Also directs: Protune Consulting Services LLP, Think Tickle Technologies Private Limited, Protune Knowledgetech Private Limited and 1 more | Director | 19 Aug 2022 | 4 Years 2 Months | Current |
Auditor
Madshades Technologies Private Limited is audited by RONAK G JAIN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RONAK G JAIN & CO | FY 2023 | 145337W |
Shareholding
The shareholding of Madshades Technologies Private Limited is on record for FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Madshades Technologies Private Limited, buy the company report.
Deals & funding
Madshades Technologies Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹6 Cr; the latest was in July 2024.
Total deals
1
Funding round
1
Disclosed funding
₹6 Cr
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2024 | Funding round · Seed | ₹6 Cr | Investors: Malpani Ventures, Agre Global FZE, 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Madshades Technologies Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Madshades Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Madshades Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAQCM1016P1Z1 | Maharashtra | Active | 26 Jul 2023 |
To see the full GST registrations and return filing status of Madshades Technologies Private Limited, buy the company report.
Recent activity
Madshades Technologies Private Limited has 2 board changes on record since 2022: 2 appointments. The latest: Shristi Jaishankar Padia was appointed as Director on 19 Aug 2022.
AGM
Madshades Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Madshades Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Shristi Jaishankar Padia was appointed as Director.
Appointed
Sourabh Sunil Jain was appointed as Director.
Incorporation
19 Aug 2022
Madshades Technologies Private Limited was registered on 19 Aug 2022 with Roc Mumbai & aged 4 years 2 months as per MCA records.
Frequently asked questions
Madshades Technologies is an active private limited company based in Mumbai, Maharashtra, India. The company works in online rental platforms, within the e-commerce industry. It was incorporated on 19 August 2022 (4+ years old) and is registered under CIN U36940MH2022PTC388803.
Madshades Technologies has 2 current directors:
- Shristi Jaishankar Padia - Director
- Sourabh Sunil Jain - Director
The latest financial statements of Madshades Technologies on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2023 are in the company report.
The GSTIN of Madshades Technologies is 27AAQCM1016P1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Madshades Technologies is U36940MH2022PTC388803. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Madshades Technologies was incorporated on 19 August 2022, making it 4+ years old. It is registered with the Registrar of Companies, Mumbai.
Madshades Technologies has 1 deal on record (1 funding round), with disclosed funding of ₹6 Cr; the latest was in July 2024.
Shristi Jaishankar Padia was appointed as Director on 19 Aug 2022. Sourabh Sunil Jain was appointed as Director on 19 Aug 2022.
Yes, Madshades Technologies is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0257598).
Madshades Technologies can be reached through the website theelefant.ai. Its registered office is in Mumbai, Maharashtra, India.
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