MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0171864
Surfboats Solutions Private Limited - e-commerce in Sanand, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹112.23 Cr
▼ 13% YoY
Net loss · FY 2025
₹27.22 Cr
Net margin -24.3%
EBITDA · FY 2025
-₹22.34 Cr
EBITDA margin -19.9%
Authorised capital
₹11.01 Cr
Registered with MCA
Paid-up capital
₹8.92 Cr
Issued & subscribed
Open charges
₹30 Cr
Satisfied ₹6 Cr
Company age
11 yrs
Est. 2015
Employees · EPFO
3
Provident fund records
About Surfboats Solutions Private Limited
Data last updated:
Surfboats Solutions Private Limited is a private limited company based in Sanand, Gujarat, India. It operates in the online healthcare product retail segment of the e-commerce sector. It was incorporated on 06 August 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ2015PTC134189. Its GSTIN is 24AAWCS1133K1Z3 (Gujarat). The company holds 32 GST registrations, of which 28 are active.
The company has an authorised share capital of ₹11.01 Cr and a paid-up capital of ₹8.92 Cr. It is led by directors including Siddhartha Vinay Nangia and Swagata Sarangi.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 14th Floor 1409 1410 1411 1412 Navratan Corporate Park, Sanand, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹112.23 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net loss of ₹27.22 Cr (net margin -24.3%) and EBITDA of -₹22.34 Cr (EBITDA margin -19.9%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years and 51% over five years.
The company has about 3 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Smytten. As per MCA filings, the company has open charges of ₹30 Cr and satisfied charges of ₹6 Cr on record. The company has 14 deals on record (8 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹176.91 Cr; the latest was in September 2024. The company has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 96 overdue payments to 33 micro and small suppliers.
Surfboats Solutions Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0171864). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website smytten.com.
Company details
CIN U74999GJ2015PTC134189
Registration Number 134189
Incorporation Date 06 August 2015
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-GJ-01-0171864
CIN history
Surfboats Solutions has one previous CIN (Corporate Identification Number): U74999HR2015PTC056308. The current CIN is U74999GJ2015PTC134189, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999GJ2015PTC134189 | Current |
| U74999HR2015PTC056308 | Previous |
Key People
Siddhartha Vinay Nangia Director Vettakkorumakankav Siva Subramaniam Sitaram Nominee Director Swagata Sarangi Director Recognitions & Rankings of Surfboats Solutions
Contact details
Surfboats Solutions Private Limited's registered office is in Sanand, Gujarat. Its website is smytten.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressA – 14th Floor 1409 1410 1411 1412 Navratan Corporate Park, Sg Highway Thaltej, Sanand, Gujarat, India – 380058
- IndustryE-Commerce, Online Healthcare Product Retail
To see the full contact details of Surfboats Solutions Private Limited, buy the company report.
Comprehensive company report
Surfboats Solutions 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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Brands
Surfboats Solutions operates one associated brand: Smytten. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-category product samples are provided via an online discovery platform. | smytten.com |
Business activity
The main business activity of Surfboats Solutions is information and communication. In detail, this covers other information & communication service activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities |
To see the full business activity and turnover split of Surfboats Solutions Private Limited, buy the company report.
Financials of Surfboats Solutions Private Limited
FY 2024 filings availableSurfboats Solutions Private Limited reported revenue of ₹112.23 Cr (down 13% YoY) for FY 2025.
Revenue · FY 2025
₹112.23 Cr ▼ 13%
Net loss · FY 2025
₹27.22 Cr margin -24.3%
EBITDA · FY 2025
-₹22.34 Cr margin -19.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 23%
5 years · compounded
▲ 51%
EBITDA CAGR growth
1 year
▲ 36%
3 years · compounded
▲ 4%
5 years · compounded
▼ 28%
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 51%. EBITDA rose 36% 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 |
|---|---|---|---|---|---|
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| EBITDA | -₹22.34 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹27.22 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -19.9% | ||||
| Net Profit Margin | -24.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Surfboats Solutions Private Limited, buy the company report.
Board of directors of Surfboats Solutions Private Limited
Surfboats Solutions has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siddhartha Vinay Nangia | Director | 06 Aug 2015 | 11 Years 3 Months | Current |
| Vettakkorumakankav Siva Subramaniam Sitaram Also directs: Fireside Investment Advisory LLP, Fireside Ventures Management LLP, Fireside Ventures Advisory LLP and 5 more | Nominee Director | 23 May 2022 | 4 Years 5 Months | Current |
| Swagata Sarangi Also directs: Inverra Global LLP, Altiora Integrated Development LLP, Elevaterra Estates LLP and 2 more | Director | 06 Aug 2015 | 11 Years 3 Months | Current |
Shareholding
The shareholding of Surfboats Solutions Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Surfboats Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹30 Cr
Satisfied charges
₹6 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Sep 2025 | 101168552 | Others | ₹5 Cr | Open | |
| 29 Jan 2025 | 101044750 | Others | ₹10 Cr | Open | |
| 24 Jul 2024 | 100951206 | Sidbi | ₹10 Cr | Open | |
| 05 Jan 2023 | 100663786 | Sidbi | ₹5 Cr | Open | |
| 09 Feb 2024 | 100882880 | Others | ₹6 Cr | Satisfied |
To see the full charge records of Surfboats Solutions Private Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
Surfboats Solutions Private Limited has 14 deals on record (8 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹176.91 Cr; the latest was in September 2024.
Total deals
14
Funding rounds
8
Secondary share transfers
4
Rights issue
1
Convertible or debt financing
1
Disclosed funding
₹176.91 Cr
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | Funding round · Series C | ₹7.25 Cr | Investors: Unity Small Finance Bank Limited , an individual |
| Sep 2024 | Funding round · Series B | ₹6.87 Cr | Investors: Enrission India Capital |
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: Waao Partners Seller: 2 individuals |
| Dec 2022 | Secondary share transfer | Undisclosed | Buyer: PeerCapital, 3 individuals Seller: 4 individuals |
| Nov 2021 | Secondary share transfer | Undisclosed | Buyer: Roots Ventures Seller: 3 individuals |
To see the full deal history of Surfboats Solutions Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Surfboats Solutions 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
Surfboats Solutions Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 96 overdue payments to 33 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 33)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Just Scents Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Aesthetic Nutrition Private Limited | |||
| Alpino Health Foods Private Limited |
To see the full MSME payment records of Surfboats Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Surfboats Solutions has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Omyah Consumer Products Private Limited | U24297GJ2020PTC116789 | |
| Octavos Enterprise Solutions Private Limited | U52100GJ2020PTC116363 |
To see the full group structure of Surfboats Solutions Private Limited, buy the company report.
Employees & EPFO
Surfboats Solutions Private Limited has a workforce of 3 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
3
Active EPFO establishments
1
Employee growth
-40%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 3 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 |
To see the full employee and EPFO history of Surfboats Solutions Private Limited, buy the company report.
GST
Surfboats Solutions has 32 GST registrations: 28 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
32
Active
28
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAWCS1133K1Z3 | Gujarat | Active | 01 Jul 2017 |
| 24AAWCS1133K1CE | Gujarat | Active | 16 Oct 2018 |
| 05AAWCS1133K1CE | Uttarakhand | Active | 07 Mar 2019 |
| 12AAWCS1133K1CJ | Arunachal Pradesh | Active | 07 Mar 2019 |
To see the full GST registrations and return filing status of Surfboats Solutions Private Limited, buy the company report.
Recent activity
Surfboats Solutions Private Limited has 3 board changes on record since 2015: 3 appointments. The latest: Vettakkorumakankav Siva Subramaniam Sitaram was appointed as Nominee Director on 23 May 2022.
Charges
A charge with Others amounted to Rs. 5.00 Cr with Charge ID 101168552 was registered on 19 Sep 2025.
Charges
A charge registered on 09 Feb 2024 via Charge ID 100882880 with Others was fully satisfied on 27 May 2025.
Charges
A charge with Others amounted to Rs. 10.00 Cr with Charge ID 101044750 was registered on 29 Jan 2025.
AGM
Surfboats Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Sidbi amounted to Rs. 10.00 Cr with Charge ID 100951206 was registered on 24 Jul 2024.
Filing
Surfboats Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 6.00 Cr with Charge ID 100882880 was registered on 09 Feb 2024.
Charges
A charge with Sidbi amounted to Rs. 5.00 Cr with Charge ID 100663786 was registered on 05 Jan 2023.
Appointed
Vettakkorumakankav Siva Subramaniam Sitaram was appointed as Nominee Director.
Appointed
Siddhartha Vinay Nangia was appointed as Director.
Appointed
Swagata Sarangi was appointed as Director.
Incorporation
06 Aug 2015
Surfboats Solutions Private Limited was registered on 06 Aug 2015 with Roc Ahmedabad & aged 11 years 3 months as per MCA records.
News
Frequently asked questions
Surfboats Solutions is an active private limited company based in Sanand, Gujarat, India. The company works in online healthcare product retail, within the e-commerce industry. It was incorporated on 06 August 2015 (11+ years old) and is registered under CIN U74999GJ2015PTC134189.
Surfboats Solutions has 3 current directors:
- Siddhartha Vinay Nangia - Director
- Vettakkorumakankav Siva Subramaniam Sitaram - Nominee Director
- Swagata Sarangi - Director
The latest financial statements of Surfboats Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Surfboats Solutions is 24AAWCS1133K1Z3, registered in Gujarat. The company has 32 GST registrations in all, of which 28 are active and 4 are cancelled or inactive. Other active GSTINs include 24AAWCS1133K1CE (Gujarat), 05AAWCS1133K1CE (Uttarakhand), 12AAWCS1133K1CJ (Arunachal Pradesh).
The CIN (Corporate Identification Number) of Surfboats Solutions is U74999GJ2015PTC134189. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Surfboats Solutions was incorporated on 06 August 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Surfboats Solutions has 14 deals on record (8 funding rounds, 4 secondary share transfers, 1 rights issue), with disclosed funding of ₹176.91 Cr; the latest was in September 2024.
Vettakkorumakankav Siva Subramaniam Sitaram was appointed as Nominee Director on 23 May 2022. Siddhartha Vinay Nangia was appointed as Director on 06 Aug 2015. Swagata Sarangi was appointed as Director on 06 Aug 2015.
Yes, Surfboats Solutions is registered as an MSME under Udyam registration (number: UDYAM-GJ-01-0171864).
Surfboats Solutions has 2 MSME Form 1 returns on record for the period ending Sep 2022, listing 96 overdue payments to 33 micro and small suppliers. The latest return was filed on 31 Oct 2022.
Surfboats Solutions can be reached through the website smytten.com. Its registered office is in Sanand, Gujarat, India.
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