MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-WB-10-0009294
Pants Theory Private Limited
Pants Theory Private Limited - e-commerce in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹16.83 Cr
▲ 15% YoY
Net profit · FY 2025
₹69.48 Lakh
Net margin 4.1%
EBITDA · FY 2025
₹93.25 Lakh
EBITDA margin 5.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
Active GSTINs
4
GST registered
About Pants Theory Private Limited
Data last updated:
Pants Theory Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the general e-commerce platforms segment of the e-commerce sector. It was incorporated on 22 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U51909WB2019PTC232027. Its GSTIN is 19AAKCP5603K1Z2 (West Bengal). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Ananya Bubna and Udayan Bubna.
Its last annual general meeting (AGM) was held on 31 October 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 7A Pretoria Street Kolkata West Bengal 700071 India, West Bengal, India – 700071.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.83 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹69.48 Lakh (net margin 4.1%) and EBITDA of ₹93.25 Lakh (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 72% over five years.
The company is associated with 1 brand: Theory.
Pants Theory Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-10-0009294).
Company details
CIN U51909WB2019PTC232027
Registration Number 232027
Incorporation Date 22 May 2019
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 October 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-WB-10-0009294
Key People
Ananya Bubna Director Udayan Bubna Director Recognitions & Rankings of Pants Theory
Contact details
Pants Theory Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address7A Pretoria Street Kolkata West Bengal 700071 India, West Bengal, India – 700071
- IndustryE-Commerce, General E-Commerce Platforms
To see the full contact details of Pants Theory Private Limited, buy the company report.
Comprehensive company report
Pants Theory 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Pants Theory operates one associated brand: Theory. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Casual and formal apparel is offered for men and women. | theory.com |
Business activity
The main business activity of Pants Theory is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Pants Theory Private Limited, buy the company report.
Financials of Pants Theory Private Limited
FY 2025 filings availablePants Theory Private Limited reported revenue of ₹16.83 Cr (up 15% YoY) for FY 2025.
Revenue · FY 2025
₹16.83 Cr ▲ 15%
Net profit · FY 2025
₹69.48 Lakh margin 4.1%
EBITDA · FY 2025
₹93.25 Lakh margin 5.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 15%
3 years · compounded
▲ 17%
5 years · compounded
▲ 72%
EBITDA CAGR growth
1 year
▲ 9%
3 years · compounded
▲ 5%
5 years · compounded
▲ 119%
Revenue has grown at a compounded annual rate (CAGR) of 72% over five years, including 15% growth in the latest year. EBITDA rose 9% 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
| 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 | ₹93.25 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹69.48 Lakh | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | ||||
| Net Profit Margin | 4.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Pants Theory Private Limited, buy the company report.
Board of directors of Pants Theory Private Limited
Pants Theory has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ananya Bubna | Director | 10 Apr 2023 | 3 Years 6 Months | Current |
| Udayan Bubna | Director | 10 Apr 2023 | 3 Years 6 Months | Current |
Peer comparison
Pants Theory Private Limited is compared with the 3 companies closest to it by revenue in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rasoishop Ventures Private Limited | ₹17.2 Cr (FY 2025) | -7.0% | Gandhidham, Gujarat, India | |||
| Amar Global Tradelinks Private Limited | ₹17.09 Cr (FY 2020) | -12.0% | New Delhi, Delhi, India | |||
| Pants Theory Private Limitedthis company | ₹16.83 Cr (FY 2025) | ₹69.48 Lakh | 4.1% | 15.0% | Kolkata, West Bengal, India | |
| Grabizz Fashion (OPC) Private Limited | ₹16.68 Cr (FY 2025) | -45.0% | Mohali, Punjab, India |
To see the full peer comparison of Pants Theory Private Limited, buy the company report.
Auditor
Pants Theory Private Limited is audited by BERIWAL & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BERIWAL & ASSOCIATES | FY 2023 | 0327762E |
Shareholding
The shareholding of Pants Theory Private Limited is on record for 3 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Pants Theory Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Pants Theory 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 Pants Theory Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pants Theory has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAKCP5603K1Z2 | West Bengal | Active | 20 Jun 2019 |
| 06AAKCP5603K1Z9 | Haryana | Active | 17 Jul 2019 |
| 27AAKCP5603K1Z5 | Maharashtra | Active | 04 Aug 2022 |
| 29AAKCP5603K1Z1 | Karnataka | Active | 05 Aug 2022 |
To see the full GST registrations and return filing status of Pants Theory Private Limited, buy the company report.
Recent activity
Pants Theory Private Limited has 6 board changes on record since 2023: 2 appointments and 4 cessations. The latest: Ananya Bubna ceased to be Additional Director on 29 Sep 2023.
AGM
Pants Theory Private Limited last Annual general meeting of members was held on 31 Oct 2025 as per latest MCA records.
Filing
Pants Theory Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata.
Ceased
Ananya Bubna ceased to be Additional Director.
Ceased
Udayan Bubna ceased to be Additional Director.
Ceased
Radhika Bubna ceased to be Director.
Ceased
Usha Bubna ceased to be Director.
Appointed
Ananya Bubna was appointed as Director.
Appointed
Udayan Bubna was appointed as Director.
Incorporation
22 May 2019
Pants Theory Private Limited was registered on 22 May 2019 with Roc Kolkata & aged 7 years 5 months as per MCA records.
News
Frequently asked questions
Pants Theory is an active private limited company based in Kolkata, West Bengal, India. The company works in general e-commerce platforms, within the e-commerce industry. It was incorporated on 22 May 2019 (7+ years old) and is registered under CIN U51909WB2019PTC232027.
Pants Theory has 2 current directors:
- Ananya Bubna - Director
- Udayan Bubna - Director
The latest financial statements of Pants Theory on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 October 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Pants Theory is 19AAKCP5603K1Z2, registered in West Bengal. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 06AAKCP5603K1Z9 (Haryana), 27AAKCP5603K1Z5 (Maharashtra), 29AAKCP5603K1Z1 (Karnataka).
The CIN (Corporate Identification Number) of Pants Theory is U51909WB2019PTC232027. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pants Theory was incorporated on 22 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Pants Theory by revenue are Rasoishop Ventures Private Limited, Amar Global Tradelinks Private Limited, Grabizz Fashion (OPC) Private Limited, all in the Ecommerce and Internet industry (Broad Based Ecommerce), with the same principal business activity (retail trading).
Ananya Bubna ceased to be Additional Director on 29 Sep 2023. Udayan Bubna ceased to be Additional Director on 29 Sep 2023. Radhika Bubna ceased to be Director on 20 Apr 2023. Pants Theory has 6 board changes on record in total.
Yes, Pants Theory is registered as a small enterprise under Udyam registration (number: UDYAM-WB-10-0009294).
The registered office of Pants Theory is at 7A Pretoria Street Kolkata West Bengal 700071 India, West Bengal, India – 700071.
Pants Theory operates in the e-commerce industry, in the general e-commerce platforms segment.