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. Its 10 peer companies in the Consumer Durables industry (Furniture) are compared by revenue, 5 larger and 5 smaller; the largest is App Modular & Designs Private Limited with revenue of ₹5.26 Cr. 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 with Smartsters Private Limited
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 of Smartsters Private Limited
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 |
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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 Smartsters Private Limited FY 2025 filings available
Smartsters 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) of Smartsters Private Limited
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 of Smartsters Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 of Smartsters Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 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.
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Financial statements from FY 2022
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.
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 |
Peer Comparison of Smartsters Private Limited
Smartsters Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Furniture). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| App Modular & Designs Private Limited | ₹5.26 Cr (FY 2021) | •••• | •••• | -61.0% | •••• | Gurgaon, Haryana, India |
| D Kumar Lami Tuff Glasses Private Limited | ₹5.25 Cr (FY 2025) | •••• | •••• | -46.0% | •••• | Delhi, India |
| Va Wood'n Design Private Limited | ₹5.23 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Puducherry, India |
| Finss Furniture Private Limited | ₹5.22 Cr (FY 2024) | •••• | •••• | 320.0% | •••• | Gharaunda, Haryana, India |
| Propel Sleep Solutions Private Limited | ₹5.22 Cr (FY 2025) | •••• | •••• | 812.0% | •••• | Amber, Rajasthan, India |
| Smartsters Private Limited this company | ₹5.22 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Mumbai, Maharashtra, India |
| Molekules Design Factory Private Limited | ₹5.21 Cr (FY 2019) | •••• | •••• | -33.0% | •••• | Kochi, Kerala, India |
| All-Tech Interiors India Private Limited | ₹5.18 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Chennai, Tamil Nadu, India |
| MSV Decors Private Limited | ₹5.18 Cr (FY 2024) | •••• | •••• | 10.0% | •••• | Delhi, India |
| Creative Hands India Private Limited | ₹5.16 Cr (FY 2025) | •••• | •••• | 58.0% | •••• | Chennai, Tamil Nadu, India |
| Unispace Contracts Private Limited | ₹5.14 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Ghaziabad, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Smartsters by revenue in the Consumer Durables industry (Furniture), 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 Smartsters Private Limited
Smartsters Private Limited is audited by SINGHI & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SINGHI & CO. | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
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Verified entity values are shown only after access is granted.
Ownership and Shareholding of Smartsters Private Limited
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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 Smartsters Private Limited
Smartsters Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Smartsters Private Limited
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 |
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Full deal history
All 1 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 Smartsters Private Limited
Smartsters Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 30 Sep 2026.
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 Varahamurti Flexirub Industries Private Limited | Disposed |
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Full case history
All 1 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 Smartsters Private Limited
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 | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 2 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.
Employees and EPFO Compliance at Smartsters Private Limited
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%
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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 Smartsters Private Limited
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 28 days as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Smartsters Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
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- Director-linked violations
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Subsidiaries & Group Companies of Smartsters Private Limited
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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 Smartsters Private Limited
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 |
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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
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Verified entity values are shown only after access is granted.
MCA Filings & Documents of Smartsters Private Limited
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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
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Frequently Asked Questions about Smartsters Private Limited
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 reported revenue of ₹5.22 Cr for FY 2025 (down 2% YoY).
Smartsters has 2 current directors:
- Vinod C Nair - Director
- Anil Cherian - Director
Smartsters reported a net loss of ₹10.41 Cr (net margin -199.5%) and EBITDA of -₹5.97 Cr (EBITDA margin -114.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Smartsters is 881% over three years. In the latest year (FY 2025) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
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.
The peers of Smartsters by revenue are App Modular & Designs Private Limited, D Kumar Lami Tuff Glasses Private Limited, Va Wood'n Design Private Limited, Finss Furniture Private Limited, Propel Sleep Solutions Private Limited and 5 more, all in the Consumer Durables industry (Furniture).
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.