About Cheers Interactive (India) Private Limited
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Cheers Interactive (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 18 July 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2000PTC127766. Its GSTIN is 27AABCC3894L1Z8 (Maharashtra).
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.13 Cr. It is led by directors including Nayan Laxmichand Shah (Whole-Time Director) and Jigna Nayan Shah (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at The Imperial Apartment No. 2108 North Tower, B. Nakashe Marg Tardeo Mumbai, Maharashtra, India – 400034.
As per the financials filed for FY 2025, the company reported a revenue of ₹80.45 Cr, a decline of 19% compared to the previous year. For the same year it recorded a net loss of ₹19.23 Cr (net margin -23.9%) and EBITDA of -₹15.69 Cr (EBITDA margin -19.5%). Revenue has grown at a compounded annual rate (CAGR) of 8% over three years and 4% over five years.
The company has about 295 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Cheers Interactive and FutureBridge. As per MCA filings, the company has open charges of ₹51.6 Cr and satisfied charges of ₹41.33 Cr on record. Court records list 27 cases involving the company, including 6 filed by the company and 18 filed against it; 15 cases are pending. The company has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹8.8 Lakh; the latest was in July 2020. Its 10 peer companies in the Outsourcing industry (Diversified BPO, IT Consulting and Services) are compared by revenue, 5 larger and 5 smaller; the largest is Finacplus Global Services Private Limited with revenue of ₹81.05 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2023, listing 19 overdue payments to 8 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website futurebridge.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressThe Imperial Apartment No. 2108 North Tower, B. Nakashe Marg Tardeo Mumbai, Maharashtra, India – 400034
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Cheers Interactive (India) Private Limited
The main business activity of Cheers Interactive (India) is information and communication. In detail, this covers data processing, hosting and related activities; web portal.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J7 | Data processing, hosting and related activities; web portal | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Cheers Interactive (India) Private Limited FY 2024 filings available
Cheers Interactive (India) Private Limited reported revenue of ₹80.45 Cr (down 19% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Cheers Interactive (India) Private Limited
Revenue fell 19% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 4%. EBITDA fell 472% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Cheers Interactive (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹15.69 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹19.23 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Cheers Interactive (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -19.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -23.9% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Cheers Interactive (India) are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Cheers Interactive (India) Private Limited
Cheers Interactive (India) Private Limited is compared with the companies closest to it by revenue in the Outsourcing industry (Diversified BPO, IT Consulting and Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Finacplus Global Services Private Limited | ₹81.05 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Hyderabad, Telangana, India |
| Lockstep Network India Private Limited | ₹80.92 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Pune, Maharashtra, India |
| Sureworks Infotech Private Limited | ₹80.76 Cr (FY 2024) | •••• | •••• | 27.0% | •••• | Bangalore, Karnataka, India |
| Madala Holdings Limited Listed | ₹80.48 Cr (FY 2023) | •••• | •••• | -2.0% | •••• | Telangana, India |
| Reflexis Systems India Private Limited | ₹80.46 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Bangalore, Karnataka, India |
| Cheers Interactive (India) Private Limited this company | ₹80.45 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Mumbai, Maharashtra, India |
| Mmi Online Limited | ₹80.4 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Kanpur, Uttar Pradesh, India |
| Harjai Computers Private Limited | ₹80.18 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Mumbai, Maharashtra, India |
| Absolut Info Systems Private Limited | ₹80.18 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | New Delhi, Delhi, India |
| Binary Semantics Limited | ₹80.14 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | Haryana, India |
| Tangoe India Softek Services Private Limited | ₹80.03 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Cheers Interactive (India) by revenue in the Outsourcing industry (Diversified BPO, IT Consulting and Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Cheers Interactive (India) Private Limited
Cheers Interactive (India) Private Limited is audited by ARATI SHAH AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ARATI SHAH AND ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Cheers Interactive (India) Private Limited
Cheers Interactive (India) has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nayan Laxmichand Shah | Whole-Time Director | 08 Jul 2003 | 23 Years 3 Months | Current |
| Jigna Nayan Shah | Whole-Time Director | 18 Jul 2000 | 26 Years 2 Months | Current |
| Chunilal Meghji Shah Also directs: Heenjig Exports Private Limited | Whole-Time Director | 18 Jul 2000 | 26 Years 2 Months | Current |
| Hitesh Chunilal Shah Also directs: Hitesh Clothing Traders Private Limited, Heenjig Exports Private Limited, Amishi Marketing Services Private Limited and 1 more | Whole-Time Director | 18 Jul 2000 | 26 Years 2 Months | Current |
Ownership and Shareholding of Cheers Interactive (India) Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Cheers Interactive (India) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Nov 2023 | Others | ₹14 Cr | Open |
| 11 Sep 2023 | Others | ₹18 Cr | Open |
| 26 Jul 2023 | Others | ₹10 Lakh | Open |
| 24 Apr 2023 | Others | ₹18 Cr | Open |
| 02 May 2022 | Others | ₹1.5 Cr | Open |
Total charge records: 12 View all charges
Deals & Funding of Cheers Interactive (India) Private Limited
Cheers Interactive (India) Private Limited has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹8.8 Lakh; the latest was in July 2020.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2020 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Jan 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Aug 2011 | Funding round | ₹8.8 Lakh | Investors: 4 individuals |
| Mar 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Cheers Interactive (India) Private Limited
Cheers Interactive (India) Private Limited has 27 court cases on record: 6 filed by Cheers Interactive (India), 18 filed against it, 3 where it is another party. 15 cases are pending and 12 are disposed. Status as checked between 21 Sep 2026 and 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 17 | 17 | 6 |
| High courts | 7 | 0 | 7 |
| District courts | 3 | 1 | 2 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by individuals | Pending |
| Bombay High Court | Interim or miscellaneous application | Company is another party | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| Bombay High Court | Court case (S) | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Cases) | Filed by the company against an individual | Pending |
Full case history
All 27 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays by Cheers Interactive (India) Private Limited
Cheers Interactive (India) Private Limited has 5 MSME Form 1 returns on record between 2019 and 2023, listing 19 overdue payments to 8 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Mismo Systems LLP | •••• | •••• | •••• |
| Wox Information Services Private Limited | •••• | •••• | •••• |
| Dreamnotion Innovations LLP | •••• | •••• | •••• |
| Cheers Interactive (India) Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 5 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Cheers Interactive (India) Private Limited
Cheers Interactive (India) operates two associated brands: Cheers Interactive and FutureBridge. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Business consulting services including insights and strategy are provided. | futurebridge.com | |
| Research, analytics, and sales & marketing solutions are provided. | cheersin.com |
Employees and EPFO Compliance at Cheers Interactive (India) Private Limited
Cheers Interactive (India) Private Limited has a workforce of 295 employees as of Apr 03, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Cheers Interactive (India) Private Limited
Cheers Interactive (India) Private Limited has 8 board changes on record since 2000: 4 appointments and 4 cessations. The latest: Chunilal Meghji Shah ceased to be Director on 01 Apr 2020.
23 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Cheers Interactive (India) Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Cheers Interactive (India) Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Cheers Interactive (India) Private Limited
Cheers Interactive (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCC3894L1Z8 | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Cheers Interactive (India) Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Cheers Interactive (India) Private Limited
Cheers Interactive (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 18 July 2000 (26+ years old) and is registered under CIN U72900MH2000PTC127766.
Cheers Interactive (India) reported revenue of ₹80.45 Cr for FY 2025 (down 19% YoY).
Cheers Interactive (India) has 4 current directors:
- Nayan Laxmichand Shah - Whole-Time Director
- Jigna Nayan Shah - Whole-Time Director
- Chunilal Meghji Shah - Whole-Time Director
- Hitesh Chunilal Shah - Whole-Time Director
Cheers Interactive (India) reported a net loss of ₹19.23 Cr (net margin -23.9%) and EBITDA of -₹15.69 Cr (EBITDA margin -19.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Cheers Interactive (India) is -8% over three years and 4% over five years. In the latest year (FY 2025) revenue fell 19%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Cheers Interactive (India) is 27AABCC3894L1Z8, registered in Maharashtra.
The CIN (Corporate Identification Number) of Cheers Interactive (India) is U72900MH2000PTC127766. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cheers Interactive (India) has 27 court cases on record: 6 filed by the company and 18 filed against it. 15 are pending. Most are in the nclat.
Cheers Interactive (India) was incorporated on 18 July 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Cheers Interactive (India) has 5 deals on record (4 secondary share transfers, 1 funding round), with disclosed funding of ₹8.8 Lakh; the latest was in July 2020.
The peers of Cheers Interactive (India) by revenue are Finacplus Global Services Private Limited, Lockstep Network India Private Limited, Sureworks Infotech Private Limited, Madala Holdings Limited, Reflexis Systems India Private Limited and 5 more, all in the Outsourcing industry (Diversified BPO, IT Consulting and Services).
Chunilal Meghji Shah ceased to be Director on 01 Apr 2020. Jigna Nayan Shah ceased to be Director on 01 Apr 2020. Hitesh Chunilal Shah ceased to be Whole-Time Director on 31 Mar 2020. Cheers Interactive (India) has 8 board changes on record in total.