Startup India Government of India
Smartsters Private Limited - consumer electronics & durables in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹5.22 Cr
▼ 2% YoY
Net loss · FY 2025
₹10.41 Cr
Net margin -199.5%
EBITDA · FY 2025
-₹5.97 Cr
EBITDA margin -114.5%
Authorised capital
₹1.25 Cr
Registered with MCA
Paid-up capital
₹1.24 Cr
Issued & subscribed
Company age
5 yrs
Est. 2021
Employees · EPFO
20
Provident fund records
Directors on board
2
As per MCA filings
About Smartsters Private Limited
Data last updated:
Smartsters Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Think9 Consumer Technologies Private Limited and recognised as a startup by DPIIT. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the furniture manufacturing segment of the consumer electronics and durables sector. It was incorporated on 22 September 2021.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36101MH2021PTC367898. Its GSTIN is 27ABGCS8930F1Z3 (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹1.24 Cr. It is led by directors Vinod C Nair and Anil Cherian.
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 Floor 3 A Block Shivsagar Estate Dr.Annie Besan Rd Nr. Nehru Center Transit Camp Worli, Mumbai, Maharashtra, India – 400018.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.22 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net loss of ₹10.41 Cr (net margin -199.5%) and EBITDA of -₹5.97 Cr (EBITDA margin -114.5%). Revenue has grown at a compounded annual rate (CAGR) of 881% over three years.
The company has about 20 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Smartsters. Court records list 1 case involving the company, including 1 filed against it. The company has 1 deal on record (1 rights issue); the latest was in February 2022. The company has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 54 overdue payments to 3 micro and small suppliers.
The last known website on record is smartsters.in.
Company Details of Smartsters Private Limited
CIN U36101MH2021PTC367898
Registration Number 367898
Incorporation Date 22 September 2021
ROC Mumbai
Listing Status Unlisted
Company Status Under Liquidation
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Think9 Consumer Technologies Private Limited
DPIIT Recognition Recognised Startup
Key People
Vinod C Nair Director Anil Cherian Director Recognitions & Rankings of Smartsters
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressFloor 3 A Block Shivsagar Estate Dr.Annie Besan Rd Nr. Nehru Center Transit Camp Worli, Mumbai, Maharashtra, India – 400018
- IndustryConsumer Electronics & Durables, Furniture Manufacturing
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Associated Brands
Smartsters operates one associated brand: Smartsters. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Children's mattresses, cushions, and lamps are sold online by Smartsters. | smartsters.in |
Business Activity
The main business activity of Smartsters is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
Premium access
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Smartsters Private Limited
FY 2025 filings availableSmartsters Private Limited reported revenue of ₹5.22 Cr (down 2% YoY) for FY 2025.
Revenue · FY 2025
₹5.22 Cr ▼ 2%
Net loss · FY 2025
₹10.41 Cr margin -199.5%
EBITDA · FY 2025
-₹5.97 Cr margin -114.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▲ 881%
EBITDA CAGR growth
1 year
▲ 34%
3 years · compounded
▼ 264%
Revenue fell 2% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 881%. EBITDA rose 34% 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 2021-22 to FY 2023-24in the company report |
|---|---|---|
| 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 | -₹5.97 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹10.41 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 2021-22 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -114.5% | |
| Net Profit Margin | -199.5% | |
| 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, and every line for FY 2021-22 to FY 2023-24, 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 Smartsters are in the company report.
: available in the company report
Board of Directors of Smartsters Private Limited
Smartsters has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Directors (as last reported)
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinod C Nair Also directs: Nine Consumer Brands Private Limited, Think9 Investment Manager Private Limited, Newverse Foods Private Limited and 3 more | Director | 10 Jun 2024 | 2 Years 4 Months | As last reported |
| Anil Cherian Also directs: Maxlex Advisors LLP, Elite Mindset Private Limited, Apollo Design Apparel Parks Limited and 5 more | Director | 15 Jul 2024 | 2 Years 3 Months | As last reported |
Auditor Details
Smartsters Private Limited is audited by SINGHI & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SINGHI & CO. | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Smartsters Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding
Smartsters Private Limited has 1 deal on record (1 rights issue); the latest was in February 2022.
Total deals
1
Rights issue
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2022 | Rights issue | ₹95 Lakh | Investors: Sunrise Sunset Family Trust, Think9 Consumer Technologies Private Limited |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
Smartsters Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Commercial suit | Filed against the company by M/S Varahamurti Flexirub Industries Pvt Ltd | Disposed |
: available in the company report
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
Smartsters Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 54 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Crystal Furnitech Private Limited | •••• | •••• | •••• |
| CR Home | •••• | •••• | •••• |
| Varahamurti Flexirub Industries Private Limited | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
Smartsters Private Limited has a workforce of 20 employees as of Apr 09, 2024.
Employee count
20
Active EPFO establishments
1
Employee growth
185.71%
: available in the company report
Recent Activity
Smartsters Private Limited has 8 board changes on record since 2021: 5 appointments and 3 cessations. The latest: Dipayan Baishya ceased to be Director on 29 May 2025.
AGM
Smartsters Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Dipayan Baishya ceased to be Director.
Filing
Smartsters Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Anil Cherian was appointed as Director.
Ceased
Ashni Kishore Biyani ceased to be Director.
Appointed
Dipayan Baishya was appointed as Director.
Ceased
Sangita Kishore Biyani ceased to be Director.
Appointed
Vinod C Nair was appointed as Director.
Appointed
Ashni Kishore Biyani was appointed as Director.
Appointed
Sangita Kishore Biyani was appointed as Director.
Incorporation
22 Sep 2021
Smartsters Private Limited was registered on 22 Sep 2021 with Roc Mumbai & aged 5 years 30 days as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Smartsters has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27ABGCS8930F1Z3 | Maharashtra | Active | 29 Sep 2021 |
| 06ABGCS8930F1Z7 | Haryana | Active | 27 Sep 2022 |
| 09ABGCS8930F1Z1 | Uttar Pradesh | Active | 01 Nov 2023 |
| 24ABGCS8930F1Z9 | Gujarat | Active | 30 Jul 2024 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Smartsters is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Smartsters is a company under liquidation, formerly operating as a private limited company based in Mumbai, Maharashtra, India. The company works in furniture manufacturing, within the consumer electronics and durables industry. It was incorporated on 22 September 2021 and is registered under CIN U36101MH2021PTC367898. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Smartsters has 2 current directors:
- Vinod C Nair - Director
- Anil Cherian - Director
The latest financial statements of Smartsters 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 2022 are in the company report.
The CIN (Corporate Identification Number) of Smartsters is U36101MH2021PTC367898. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Smartsters has 1 court case on record: 1 filed against it.
Smartsters was incorporated on 22 September 2021. It is registered with the Registrar of Companies, Mumbai.
Smartsters has 1 deal on record (1 rights issue); the latest was in February 2022.
Dipayan Baishya ceased to be Director on 29 May 2025. Anil Cherian was appointed as Director on 15 Jul 2024. Ashni Kishore Biyani ceased to be Director on 15 Jul 2024. Smartsters has 8 board changes on record in total.
Yes, Smartsters is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Smartsters has 2 MSME Form 1 returns on record for the period ending Mar 2023, listing 54 overdue payments to 3 micro and small suppliers. The latest return was filed on 30 Aug 2023.