About Think Walnut Digital Private Limited
Data last updated:
Think Walnut Digital Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 18 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2009PTC192446. Its GSTIN is 27AADCT1788L1ZS (Maharashtra).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Jai Buddhichand Maroo and Lincoln Jayant Gada.
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 Office No. R3 3rd Floor Plot No. 446 Kesar Horizon, Dr. Babasaheb Ambedkar Road King Circle Matunga Mumbai – 400019, Maharashtra, India – 400019.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.28 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹2.04 Cr (net margin 4.4%) and EBITDA of ₹2.09 Cr (EBITDA margin 4.5%). Revenue has declined at a compounded annual rate (CAGR) of 43% over three years and 36% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Think Walnut. As per MCA filings, the company has satisfied charges of ₹3.23 Cr on record. Court records list 4 cases involving the company, including 4 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thinkwalnut.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressOffice No. R3 3rd Floor Plot No. 446 Kesar Horizon, Dr. Babasaheb Ambedkar Road King Circle Matunga Mumbai – 400019, Maharashtra, India – 400019
- IndustryInformation Technology, Application Development & Software Solutions
- 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 Think Walnut Digital Private Limited
The main business activity of Think Walnut Digital is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | 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 Think Walnut Digital Private Limited FY 2025 filings available
Think Walnut Digital Private Limited reported revenue of ₹46.28 Cr (down 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Think Walnut Digital Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 36% over five years, including a 9% fall in the latest year. EBITDA rose 122% 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 Think Walnut Digital 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 | ₹2.09 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.04 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 Think Walnut Digital Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.4% | •••• | •••• | •••• | •••• |
| 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 Think Walnut Digital 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 Think Walnut Digital Private Limited
Think Walnut Digital Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Application Development). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Eltropy India Private Limited | ₹46.65 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Bangalore, Karnataka, India |
| Zuru Tech India Private Limited | ₹46.57 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Ahmedabad, Gujarat, India |
| Idcube Identification Systems Private Limited | ₹46.47 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Delhi, India |
| Ikanos Communications (India) Private Limited | ₹46.32 Cr (FY 2016) | •••• | •••• | 18.0% | •••• | Bangalore, Karnataka, India |
| Codecraft Technologies Private Limited | ₹46.28 Cr (FY 2025) | •••• | •••• | 1.0% | •••• | Mangalore, Karnataka, India |
| Think Walnut Digital Private Limited this company | ₹46.28 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Mumbai, Maharashtra, India |
| Clove Technologies Private Limited | ₹46.24 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Hyderabad, Telangana, India |
| Quotient Technology India Private Limited | ₹46.17 Cr (FY 2025) | •••• | •••• | -36.0% | •••• | Bangalore, Karnataka, India |
| Spine Technologies (India) Private Limited | ₹45.83 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Luminous Infoways Private Limited | ₹45.7 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Bhubaneswar, Odisha, India |
| Enhira Software (Export) Limited | ₹45.68 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Think Walnut Digital by revenue in the Information Technology industry (Application Development), 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 Think Walnut Digital Private Limited
Think Walnut Digital Private Limited is audited by V V M P & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V V M P & Co. | 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 Think Walnut Digital Private Limited
Think Walnut Digital has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jai Buddhichand Maroo Also directs: Shemaroo Entertainment Limited, Shemaroo Trading Private Limited | Director | 18 May 2009 | 17 Years 4 Months | Current |
| Lincoln Jayant Gada | Director | 15 Apr 2025 | 1 Years 5 Months | Current |
Ownership and Shareholding of Think Walnut Digital 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 Think Walnut Digital Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Jan 2022 | Others | ₹3.23 Cr | Satisfied |
Total charge records: 1 View all charges
Legal Cases of Think Walnut Digital Private Limited
Think Walnut Digital Private Limited has 4 court cases on record: 4 filed by Think Walnut Digital. All cases are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 2 | 0 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, New Delhi | Interim or miscellaneous application | Filed by the company against Oxigen Services (India) Private Limited. and 1 other | Disposed |
| NCLAT, New Delhi | Insolvency matter | Filed by the company against Oxigen Services (India) Private Limited. | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Vasify Mobile Media Private Limited | Disposed |
| Bombay High Court | Arbitration matter | Filed by the company against Vasify Mobile Media Private Limited | Disposed |
Full case history
All 4 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 Think Walnut Digital Private Limited
Think Walnut Digital Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Avhan Technologies Private Limited | •••• | •••• | •••• |
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.
Associated Brands with Think Walnut Digital Private Limited
Think Walnut Digital operates one associated brand: Think Walnut. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides platforms for content monetization, mobile marketing, and recharge services. | thinkwalnut.com |
Employees and EPFO Compliance at Think Walnut Digital Private Limited
Think Walnut Digital Private Limited has a workforce of 14 employees as of Apr 07, 2024.
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 Think Walnut Digital Private Limited
Think Walnut Digital Private Limited has 6 board changes on record since 2009: 2 appointments and 4 cessations. The latest: Atul Hirji Maru ceased to be Director on 10 Dec 2025.
Credit Ratings, Litigation & Regulatory Alerts for Think Walnut Digital 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.
Subsidiaries & Group Companies of Think Walnut Digital 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 Think Walnut Digital Private Limited
Think Walnut Digital has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCT1788L1ZS | 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 Think Walnut Digital 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 Think Walnut Digital Private Limited
Think Walnut Digital is an active private limited company based in Mumbai, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 18 May 2009 (17+ years old) and is registered under CIN U74900MH2009PTC192446.
Think Walnut Digital reported revenue of ₹46.28 Cr for FY 2025 (down 9% YoY).
Think Walnut Digital has 2 current directors:
- Jai Buddhichand Maroo - Director
- Lincoln Jayant Gada - Director
Think Walnut Digital reported a net profit of ₹2.04 Cr (net margin 4.4%) and EBITDA of ₹2.09 Cr (EBITDA margin 4.5%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Think Walnut Digital is -43% over three years and -36% over five years. In the latest year (FY 2025) revenue fell 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Think Walnut Digital is 27AADCT1788L1ZS, registered in Maharashtra.
The CIN (Corporate Identification Number) of Think Walnut Digital is U74900MH2009PTC192446. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Think Walnut Digital has 4 court cases on record: 4 filed by the company. Most are in the nclat.
Think Walnut Digital was incorporated on 18 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Think Walnut Digital by revenue are Eltropy India Private Limited, Zuru Tech India Private Limited, Idcube Identification Systems Private Limited, Ikanos Communications (India) Private Limited, Codecraft Technologies Private Limited and 5 more, all in the Information Technology industry (Application Development).
Atul Hirji Maru ceased to be Director on 10 Dec 2025. Hiren Uday Gada ceased to be Director on 10 Dec 2025. Lincoln Jayant Gada ceased to be Additional Director on 29 Sep 2025. Think Walnut Digital has 6 board changes on record in total.
Think Walnut Digital has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. The latest return was filed on 07 Jun 2019.