MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0078621
Smartway Wellness Private Limited
Smartway Wellness Private Limited - consumer goods in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹263.99 Cr
▲ 15% YoY
Net profit · FY 2025
₹33.5 Lakh
Net margin 0.1%
EBITDA · FY 2025
₹4.63 Cr
EBITDA margin 1.8%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹4 Cr
Issued & subscribed
Open charges
₹30.5 Cr
Satisfied ₹21.5 Cr
Company age
5 yrs
Est. 2021
Employees · EPFO
1,077
Provident fund records
About Smartway Wellness Private Limited
Data last updated:
Smartway Wellness Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the health and beauty retail and distribution segment of the consumer goods sector. It was incorporated on 08 June 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U24299GJ2021PTC123161. Its GSTIN is 24ABGCS2036Q1Z1 (Gujarat). The company holds 22 GST registrations, all of them active.
The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹4 Cr. It is led by directors Khilan P Ramani and Pravinbhai Govindbhai Ramani.
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 401 Time Square Grand Nr .Sattva Vikas School Sindhubhavan Main Road Thaltej, Ahmedabad, Gujarat, India – 380059.
As per the financials filed for FY 2025, the company reported a revenue of ₹263.99 Cr, a growth of 15% compared to the previous year. For the same year it recorded a net profit of ₹33.5 Lakh (net margin 0.1%) and EBITDA of ₹4.63 Cr (EBITDA margin 1.8%). Revenue has grown at a compounded annual rate (CAGR) of 46% over three years.
The company has about 1,077 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹30.5 Cr and satisfied charges of ₹21.5 Cr on record. Court records list 28 cases involving the company, including 23 filed by the company and 5 filed against it; 20 cases are pending. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in April 2022. Its 7 peer companies in the Consumer Products industry (Health and Beauty Retail and Distribution), with the same principal business activity (wholesale trading) are compared by revenue, 3 larger and 4 smaller; the largest is Gokool Trade & Services Private Limited with revenue of ₹293.27 Cr.
Smartway Wellness Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0078621).
Company details
CIN U24299GJ2021PTC123161
Registration Number 123161
Incorporation Date 08 June 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0078621
Recognitions & Rankings of Smartway Wellness
Contact details
Smartway Wellness Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address401 Time Square Grand Nr .Sattva Vikas School Sindhubhavan Main Road Thaltej, Ahmedabad, Gujarat, India – 380059
- IndustryConsumer Goods, Health & Beauty Retail & Distribution
To see the full contact details of Smartway Wellness Private Limited, buy the company report.
Comprehensive company report
Smartway Wellness 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
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Business activity
The main business activity of Smartway Wellness is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Smartway Wellness Private Limited, buy the company report.
Financials of Smartway Wellness Private Limited
FY 2025 filings availableSmartway Wellness Private Limited reported revenue of ₹263.99 Cr (up 15% YoY) for FY 2025.
Revenue · FY 2025
₹263.99 Cr ▲ 15%
Net profit · FY 2025
₹33.5 Lakh margin 0.1%
EBITDA · FY 2025
₹4.63 Cr margin 1.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 15%
3 years · compounded
▲ 46%
EBITDA CAGR growth
1 year
▲ 65%
3 years · compounded
▲ 22%
Revenue has grown at a compounded annual rate (CAGR) of 46% over three years, including 15% growth in the latest year. EBITDA rose 65% 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 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹263.99 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹4.63 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹33.5 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 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 1.8% | |||
| Net Profit Margin | 0.1% | |||
| 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 Smartway Wellness Private Limited, buy the company report.
Board of directors of Smartway Wellness Private Limited
Smartway Wellness has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Khilan P Ramani | Director | 02 Apr 2022 | 4 Years 7 Months | Current |
| Pravinbhai Govindbhai Ramani | Director | 08 Jun 2021 | 5 Years 5 Months | Current |
Peer comparison
Smartway Wellness Private Limited is compared with the 7 companies closest to it by revenue in the Consumer Products industry (Health and Beauty Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gokool Trade & Services Private Limited | ₹293.27 Cr (FY 2024) | Palghar, Maharashtra, India | ||||
| Vihari Marketing Private Limited | ₹279.05 Cr (FY 2024) | 2.0% | Telangana, India | |||
| Beauty Impex Private Limited | ₹278.41 Cr (FY 2025) | 15.0% | Kolkata, West Bengal, India | |||
| Smartway Wellness Private Limitedthis company | ₹263.99 Cr (FY 2025) | ₹33.5 Lakh | 0.1% | 15.0% | 1,077 | Ahmedabad, Gujarat, India |
| Fatehpuria Hygiene Private Limited | ₹255.73 Cr (FY 2025) | 36.0% | New Delhi, Delhi, India | |||
| Tarz Distribution India Private Limited | ₹249.92 Cr (FY 2025) | 28.0% | Mumbai, Maharashtra, India | |||
| May Apparels Pvt. Ltd. | ₹240.48 Cr (FY 2025) | 177.0% | Kolkata, West Bengal, India | |||
| Wella India Private Limited | ₹234.22 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Smartway Wellness Private Limited, buy the company report.
Auditor
Smartway Wellness Private Limited is audited by SHAH BHARAT & ASSOCIATES for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH BHARAT & ASSOCIATES | FY 2025 | 116973W |
Shareholding
The shareholding of Smartway Wellness Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Smartway Wellness Private Limited, buy the company report.
Charges & borrowings
Open charges
₹30.5 Cr
Satisfied charges
₹21.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Mar 2025 | 101106048 | Hdfc Bank Limited | ₹30.5 Cr | Open | |
| 01 Feb 2024 | 100857162 | Standard Chartered Bank | ₹50 Lakh | Satisfied | |
| 23 Jun 2022 | 100587126 | Standard Chartered Bank | ₹21 Cr | Satisfied |
To see the full charge records of Smartway Wellness Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Smartway Wellness Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in April 2022.
Total deals
2
Rights issue
1
Secondary share transfer
1
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Aug 2021 | Rights issue | ₹3.8 Cr | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Smartway Wellness Private Limited has 28 court cases on record: 23 filed by Smartway Wellness, 5 filed against it. 20 cases are pending and 8 are disposed.
Total cases
28
Filed by the company
23
Filed against the company
5
Pending
20
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 2 | 17 |
| High courts | 4 | 3 | 3 |
Cases on record (5 of 28)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court | Court case (COMIP) | Filed against the company by Procter and Gamble Hygiene and Health Care Limited and 1 other | Pending |
| High Court | Interim or miscellaneous application | Filed against the company by Procter and Gamble Hygiene and Health Care Limited and 1 other | Pending |
| District court, Ahmedabad, Gujarat | Court case (TMSUIT) | Filed by the company against Maxtouch Life Science LLP and 1 other | Pending |
| District court, Ahmedabad, Gujarat | Court case (TMSUIT) | Filed by the company against Igma Limited | Pending |
| District court, Ahmedabad, Gujarat | Court case (TMSUIT) | Filed by the company against Skyzone Pharmaceutical Pvt. Ltd. and 1 other | Pending |
To see the full case history of Smartway Wellness Private Limited, buy 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
No delayed payments to MSME suppliers are on our record for Smartway Wellness Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Smartway Wellness Private Limited has a workforce of 1,077 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
1,077
Active EPFO establishments
1
Employee growth
-7%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 1,077 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 |
To see the full employee and EPFO history of Smartway Wellness Private Limited, buy the company report.
GST
Smartway Wellness has 22 GST registrations: 22 active. The first 4 active GSTINs are listed below.
Total GSTINs
22
Active
22
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24ABGCS2036Q1Z1 | Gujarat | Active | 22 Jun 2021 |
| 24ABGCS2036Q2Z0 | Gujarat | Active | 23 Feb 2024 |
| 37ABGCS2036Q1ZU | Andhra Pradesh | Active | 28 Aug 2021 |
| 27ABGCS2036Q1ZV | Maharashtra | Active | 06 Sep 2021 |
To see the full GST registrations and return filing status of Smartway Wellness Private Limited, buy the company report.
Recent activity
Smartway Wellness Private Limited has 4 board changes on record since 2021: 2 appointments and 2 cessations. The latest: Khilan P Ramani ceased to be Additional Director on 08 Sep 2022.
AGM
Smartway Wellness Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 30.50 Cr registered on 29 Mar 2025 with Charge ID 101106048 was modified on 16 Jul 2025.
Charges
A charge registered on 01 Feb 2024 via Charge ID 100857162 with Standard Chartered Bank was fully satisfied on 09 Jun 2025.
Charges
A charge registered on 23 Jun 2022 via Charge ID 100587126 with Standard Chartered Bank was fully satisfied on 09 Jun 2025.
Filing
Smartway Wellness Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 30.50 Cr with Charge ID 101106048 was registered on 29 Mar 2025.
Charges
A charge with Standard Chartered Bank of Rs. 21.00 Cr registered on 23 Jun 2022 with Charge ID 100587126 was modified on 14 Feb 2024.
Charges
A charge with Standard Chartered Bank amounted to Rs. 0.50 Cr with Charge ID 100857162 was registered on 01 Feb 2024.
Ceased
Khilan P Ramani ceased to be Additional Director.
Charges
A charge with Standard Chartered Bank amounted to Rs. 21.00 Cr with Charge ID 100587126 was registered on 23 Jun 2022.
Appointed
Khilan P Ramani was appointed as Director.
Ceased
Niteshbhai Hirabhai Tala ceased to be Director.
2 earlier events are in the company report.
Frequently asked questions
Smartway Wellness is an active private limited company based in Ahmedabad, Gujarat, India. The company works in health and beauty retail and distribution, within the consumer goods industry. It was incorporated on 08 June 2021 (5+ years old) and is registered under CIN U24299GJ2021PTC123161.
Smartway Wellness has 2 current directors:
- Khilan P Ramani - Director
- Pravinbhai Govindbhai Ramani - Director
The latest financial statements of Smartway Wellness 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 GSTIN of Smartway Wellness is 24ABGCS2036Q1Z1, registered in Gujarat. The company has 22 GST registrations in all, of which 22 are active. Other active GSTINs include 24ABGCS2036Q2Z0 (Gujarat), 37ABGCS2036Q1ZU (Andhra Pradesh), 27ABGCS2036Q1ZV (Maharashtra).
The CIN (Corporate Identification Number) of Smartway Wellness is U24299GJ2021PTC123161. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Smartway Wellness has 28 court cases on record: 23 filed by the company and 5 filed against it. 20 are pending. Most are in the district courts.
Smartway Wellness was incorporated on 08 June 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Smartway Wellness has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in April 2022.
The peers of Smartway Wellness by revenue are Gokool Trade & Services Private Limited, Vihari Marketing Private Limited, Beauty Impex Private Limited, Fatehpuria Hygiene Private Limited, Tarz Distribution India Private Limited and 2 more, all in the Consumer Products industry (Health and Beauty Retail and Distribution), with the same principal business activity (wholesale trading).
Khilan P Ramani ceased to be Additional Director on 08 Sep 2022. Khilan P Ramani was appointed as Director on 02 Apr 2022. Niteshbhai Hirabhai Tala ceased to be Director on 02 Apr 2022. Smartway Wellness has 4 board changes on record in total.
Yes, Smartway Wellness is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0078621).
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