Startup India Government of India
Setu Nutrition Private Limited - e-commerce in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹28.77 Cr
▲ 2% YoY
Net loss · FY 2025
₹17.95 Cr
Net margin -62.4%
EBITDA · FY 2025
-₹15.67 Cr
EBITDA margin -54.5%
Authorised capital
₹42.5 Cr
Registered with MCA
Paid-up capital
₹39.1 Cr
Issued & subscribed
Company age
6 yrs
Est. 2020
Employees · EPFO
32
Provident fund records
Directors on board
4
As per MCA filings
About Setu Nutrition Private Limited
Data last updated:
Setu Nutrition Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Sjm Capsol Private Limited and recognised as a startup by DPIIT. It operates in the online healthcare product retail segment of the e-commerce sector. It was incorporated on 06 February 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24304MH2020PTC337274. Its GSTIN is 27AADCO1212G1ZX (Maharashtra). The company holds 10 GST registrations, of which 8 are active.
The company has an authorised share capital of ₹42.5 Cr and a paid-up capital of ₹39.1 Cr. It was formerly known as Omni Wellness and Nutraceutical Private Limited. It is led by directors including Niharika Sanjay Mariwala and Nitesh Arora.
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 T – 8 5th Floor A – Wing Phoenix House 462 S B Marg Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2025, the company reported a revenue of ₹28.77 Cr, a growth of 2% compared to the previous year. For the same year it recorded a net loss of ₹17.95 Cr (net margin -62.4%) and EBITDA of -₹15.67 Cr (EBITDA margin -54.5%). Revenue has grown at a compounded annual rate (CAGR) of 74% over three years.
The company has about 32 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Setu.
Setu Nutrition Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0016805). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website setu.in.
Company details
CIN U24304MH2020PTC337274
Registration Number 337274
Incorporation Date 06 February 2020
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Sjm Capsol Private Limited
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-MH-19-0016805
Key People
Niharika Sanjay Mariwala Director Nitesh Arora Director Sanjay Jayasinh Mariwala Director Recognitions & Rankings of Setu Nutrition
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0016805
Contact details
Setu Nutrition Private Limited's registered office is in Mumbai, Maharashtra. Its website is setu.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressT – 8 5th Floor A – Wing Phoenix House 462 S B Marg Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryE-Commerce, Online Healthcare Product Retail
To see the full contact details of Setu Nutrition Private Limited, buy the company report.
Comprehensive company report
Setu Nutrition 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
Business activity
The main business activity of Setu Nutrition is manufacturing. In detail, this covers chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C6 | Chemical and chemical products, pharmaceuticals, medicinal chemical and botanical products |
To see the full business activity and turnover split of Setu Nutrition Private Limited, buy the company report.
Financials of Setu Nutrition Private Limited
FY 2025 filings availableSetu Nutrition Private Limited reported revenue of ₹28.77 Cr (up 2% YoY) for FY 2025.
Revenue · FY 2025
₹28.77 Cr ▲ 2%
Net loss · FY 2025
₹17.95 Cr margin -62.4%
EBITDA · FY 2025
-₹15.67 Cr margin -54.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 74%
EBITDA CAGR growth
1 year
▼ 19%
3 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 74% over three years, including 2% growth in the latest year. EBITDA fell 19% 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 | -₹15.67 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹17.95 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -54.5% | ||||
| Net Profit Margin | -62.4% | ||||
| 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 Setu Nutrition Private Limited, buy the company report.
Board of directors of Setu Nutrition Private Limited
Setu Nutrition has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Niharika Sanjay Mariwala | Director | 11 Jun 2021 | 5 Years 4 Months | Current |
| Nitesh Arora Also directs: Equidence North Private Limited | Director | 22 Sep 2023 | 3 Years 1 Months | Current |
| Sanjay Jayasinh Mariwala | Director | 06 Feb 2020 | 6 Years 8 Months | Current |
| Nihal Sanjay Mariwala | Director | 06 Feb 2020 | 6 Years 8 Months | Current |
Auditor
Setu Nutrition Private Limited is audited by C N K & Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C N K & Associates LLP | FY 2024 | 101961 W/W-100036 |
Shareholding
The shareholding of Setu Nutrition Private Limited is on record for 4 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Setu Nutrition Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Setu Nutrition 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
Setu Nutrition Private Limited has 9 MSME Form 1 returns on record between 2021 and 2024, listing 65 overdue payments to 20 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 20)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ceego Labs Private Limited | |||
| Nutralike Formulation Private Limited | |||
| Prakruti Products Private Limited | |||
| Clevertap Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Setu Nutrition Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Setu Nutrition has 1 associated company. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
1
Associated companies
Employees & EPFO
Setu Nutrition Private Limited has a workforce of 32 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
32
Active EPFO establishments
1
Employee growth
-5.88%
GST
Setu Nutrition has 10 GST registrations: 8 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
10
Active
8
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCO1212G1ZX | Maharashtra | Active | 11 Jul 2020 |
| 06AADCO1212G1Z1 | Haryana | Active | 18 Mar 2021 |
| 29AADCO1212G1ZT | Karnataka | Active | 27 Mar 2021 |
| 07AADCO1212G1ZZ | Delhi | Active | 22 Apr 2021 |
To see the full GST registrations and return filing status of Setu Nutrition Private Limited, buy the company report.
Recent activity
Setu Nutrition Private Limited has 7 board changes on record since 2020: 4 appointments and 3 cessations. The latest: Nitesh Arora ceased to be Additional Director on 29 Sep 2023.
AGM
Setu Nutrition Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Setu Nutrition Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Nitesh Arora ceased to be Additional Director.
Appointed
Nitesh Arora was appointed as Director.
Ceased
Ashoke Roy ceased to be Director.
Ceased
Niharika Sanjay Mariwala ceased to be Additional Director.
Appointed
Niharika Sanjay Mariwala was appointed as Director.
Appointed
Nihal Sanjay Mariwala was appointed as Director.
Appointed
Sanjay Jayasinh Mariwala was appointed as Director.
Incorporation
06 Feb 2020
Setu Nutrition Private Limited was registered on 06 Feb 2020 with Roc Mumbai & aged 6 years 8 months as per MCA records.
News
Frequently asked questions
Setu Nutrition is an active private limited company based in Mumbai, Maharashtra, India. The company works in online healthcare product retail, within the e-commerce industry. It was incorporated on 06 February 2020 (6+ years old) and is registered under CIN U24304MH2020PTC337274.
Setu Nutrition has 4 current directors:
- Niharika Sanjay Mariwala - Director
- Nitesh Arora - Director
- Sanjay Jayasinh Mariwala - Director
- Nihal Sanjay Mariwala - Director
The latest financial statements of Setu Nutrition 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 2020 are in the company report.
The GSTIN of Setu Nutrition is 27AADCO1212G1ZX, registered in Maharashtra. The company has 10 GST registrations in all, of which 8 are active and 2 are cancelled or inactive. Other active GSTINs include 06AADCO1212G1Z1 (Haryana), 29AADCO1212G1ZT (Karnataka), 07AADCO1212G1ZZ (Delhi).
The CIN (Corporate Identification Number) of Setu Nutrition is U24304MH2020PTC337274. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Setu Nutrition was incorporated on 06 February 2020, making it 6+ years old. It is registered with the Registrar of Companies, Mumbai.
Nitesh Arora ceased to be Additional Director on 29 Sep 2023. Nitesh Arora was appointed as Director on 22 Sep 2023. Ashoke Roy ceased to be Director on 22 Jul 2022. Setu Nutrition has 7 board changes on record in total.
Yes, Setu Nutrition is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Setu Nutrition is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0016805).
Setu Nutrition has 9 MSME Form 1 returns on record between 2021 and 2024, listing 65 overdue payments to 20 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Setu Nutrition can be reached through the website setu.in. Its registered office is in Mumbai, Maharashtra, India.