About Thingbits Electronics Private Limited
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Thingbits Electronics Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the IT products retail and distribution segment of the technology and IT services sector. It was incorporated on 01 July 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2011PTC219328. Its GSTIN is 27AAGCP1304B1Z2 (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Propulence Systems Private Limited. It is led by directors including Swakit Ulhas Rane and Viraj Ramkrishna Chaudhari.
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 9A/701 Neelam Nagar Phase 2 Gavanpada Mulund East Palmacre, Mumbai, Maharashtra, India – 400081.
As per the financials filed for FY 2025, the company reported a revenue of ₹13.05 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹25.31 Lakh (net margin -1.9%) and EBITDA of -₹4.84 Lakh (EBITDA margin -0.4%). Revenue has grown at a compounded annual rate (CAGR) of 54% over three years and 29% over five years.
The company is associated with 1 brand: Thingbits India. As per MCA filings, the company has open charges of ₹1.84 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thingbits.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address9A/701 Neelam Nagar Phase 2 Gavanpada Mulund East Palmacre, Mumbai, Maharashtra, India – 400081
- IndustryInformation Technology, IT Products Retail & Distribution
- 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
- One PDF report, delivered after checkout
Business Activity of Thingbits Electronics Private Limited
The main business activity of Thingbits Electronics is manufacturing. In detail, this covers computer, electronic, communication and scientific measuring & control equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C9 | Computer, electronic, Communication and scientific measuring & control equipment | Locked |
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 Thingbits Electronics Private Limited FY 2024 filings available
Thingbits Electronics Private Limited reported revenue of ₹13.05 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Thingbits Electronics Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 29% over five years, including 1% growth in the latest year. EBITDA fell 120% 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 Thingbits Electronics Private Limited
| 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 | -₹4.84 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹25.31 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 of Thingbits Electronics Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.9% | •••• | •••• | •••• | •••• |
| 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 Thingbits Electronics are in the company report.
Financial statements from 2015
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.
Peer Comparison of Thingbits Electronics Private Limited
Thingbits Electronics Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (IT Products Retail and Distribution). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| ZT Systems India Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| MSR IT Solution Pvt Ltd | •••• | •••• | •••• | •••• | 157 | North 24 Parganas, West Bengal, India |
| Vihawk Tech Solutions Private Limited | •••• | •••• | •••• | •••• | 30 | Hyderabad, Telangana, India |
| S G Informatics (India) Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Cager (India) Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Thingbits Electronics Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Stallionaires Private Limited | •••• | •••• | •••• | •••• | - | Surat, Gujarat, India |
| Shantanu Infotech Private Limited | •••• | •••• | •••• | •••• | - | Goregaon East, Maharashtra, India |
| Idec Controls India Private Limited | •••• | •••• | •••• | •••• | - | Bangalore North, Karnataka, India |
| Cyshield Technologies Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Infocare Digital System Private Limited | •••• | •••• | •••• | •••• | - | Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Thingbits Electronics by revenue in the Information Technology industry (IT Products Retail and Distribution), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Thingbits Electronics Private Limited
Thingbits Electronics Private Limited is audited by JPJ & CO. LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JPJ & CO. LLP | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Thingbits Electronics Private Limited
Thingbits Electronics has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sagar Vikas Bonde | Additional Director | 04 Feb 2019 | 7 Years 8 Months | Current |
| Swakit Ulhas Rane | Director | 01 Jul 2011 | 15 Years 3 Months | Current |
| Viraj Ramkrishna Chaudhari | Director | 01 Jul 2011 | 15 Years 3 Months | Current |
Ownership and Shareholding of Thingbits Electronics Private Limited
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 Thingbits Electronics Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Aug 2023 | Others | ₹1.84 Cr | Open |
Total charge records: 1 View all charges
Associated Brands with Thingbits Electronics Private Limited
Thingbits Electronics operates one associated brand: Thingbits India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Electronics, sensors, and robotics parts are sold through an online platform by Thingbits India. | thingbits.in |
Employees and EPFO Compliance at Thingbits Electronics Private Limited
Employment history and EPFO contributions of people linked to Thingbits Electronics.
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 Thingbits Electronics Private Limited
Thingbits Electronics Private Limited has 3 board changes on record since 2011: 3 appointments. The latest: Sagar Vikas Bonde was appointed as Additional Director on 04 Feb 2019.
Credit Ratings, Litigation & Regulatory Alerts for Thingbits Electronics Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Thingbits Electronics Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Thingbits Electronics Private Limited
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 Thingbits Electronics Private Limited
Thingbits Electronics has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCP1304B1Z2 | Maharashtra | Active | 01 Jul 2017 |
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
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Thingbits Electronics Private Limited
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
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Thingbits Electronics Private Limited
Thingbits Electronics is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT products retail and distribution, within the information technology industry. It was incorporated on 01 July 2011 (15+ years old) and is registered under CIN U72900MH2011PTC219328.
Thingbits Electronics reported revenue of ₹13.05 Cr for FY 2025 (up 1% YoY).
Thingbits Electronics has 3 current directors:
- Sagar Vikas Bonde - Additional Director
- Swakit Ulhas Rane - Director
- Viraj Ramkrishna Chaudhari - Director
Thingbits Electronics reported a net loss of ₹25.31 Lakh (net margin -1.9%) and EBITDA of -₹4.84 Lakh (EBITDA margin -0.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Thingbits Electronics is 54% over three years and 29% over five years. In the latest year (FY 2025) revenue rose 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Thingbits Electronics is 27AAGCP1304B1Z2, registered in Maharashtra.
The CIN (Corporate Identification Number) of Thingbits Electronics is U72900MH2011PTC219328. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thingbits Electronics was incorporated on 01 July 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Thingbits Electronics by revenue are ZT Systems India Private Limited, MSR IT Solution Pvt Ltd, Vihawk Tech Solutions Private Limited, S G Informatics (India) Private Limited, Cager (India) Private Limited and 5 more, all in the Information Technology industry (IT Products Retail and Distribution).
Sagar Vikas Bonde was appointed as Additional Director on 04 Feb 2019. Swakit Ulhas Rane was appointed as Director on 01 Jul 2011. Viraj Ramkrishna Chaudhari was appointed as Director on 01 Jul 2011.
Yes, Thingbits Electronics is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).