- Category
- Small (2024-25)
- Udyam number
- UDYAM-DL-08-0004327

About Thinking Hats Entertainment Solutions Limited
Data last updated:
Thinking Hats Entertainment Solutions Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the event planning and management segment of the events and entertainment sector. It was incorporated on 11 February 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L92490MH2013PLC352652. Its GSTIN is 27AAECT5236G1ZB (Maharashtra). The company holds 4 GST registrations, all of them active. Its shares are listed on NSE: THESL.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹12.49 Cr. It is led by directors including Rajesh Bhardwaj (Managing Director) and Princy Anand.
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Ku220 Kuber Kartik New Link Road Prem Co – Operative Society Andheri West, Mumbai, Maharashtra, India – 400053.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹23.52 Cr, a decline of 50.7% compared to the previous year. For the same year it recorded a net profit of ₹1.25 Cr (net margin 5.3%) and EBITDA of ₹2.33 Cr (EBITDA margin 9.9%). The net worth stands at ₹29.21 Cr (up 4.4% YoY). Total assets are valued at ₹40.16 Cr (down 1.1% YoY).
The company is associated with 1 brand: THES. As per MCA filings, the company has open charges of ₹4.4 Cr and satisfied charges of ₹2.91 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 1 deal on record (1 ipo); the latest was in September 2024. Its 10 peer companies in the Events and Entertainment industry (Entertainment, Entertainment Venues, Events Management) are compared by revenue, 5 larger and 5 smaller; the largest is XS Productions India Private Limited with revenue of ₹48.8 Cr.
Thinking Hats Entertainment Solutions Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-08-0004327). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thes.in.
CIN History of Thinking Hats Entertainment Solutions Limited
Thinking Hats Entertainment Solutions has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L92490MH2013PLC352652, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L92490MH2013PLC352652 | Current |
| U92490MH2013PLC352652 | Previous |
| U92490MH2013PTC352652 | Previous |
| U92490DL2013PTC248111 | Previous |
Recognitions & Rankings of Thinking Hats Entertainment Solutions
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressKu220 Kuber Kartik New Link Road Prem Co – Operative Society Andheri West, Mumbai, Maharashtra, India – 400053
- IndustryEvents and Entertainment, Event Planning & Management
- 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 Thinking Hats Entertainment Solutions Limited
The main business activities of Thinking Hats Entertainment Solutions are arts, entertainment and recreation and professional, scientific and technical. In detail, this covers creative, arts and entertainment activities and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R1 | Creative, arts and entertainment activities | Locked |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical 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 Thinking Hats Entertainment Solutions Limited FY 2025-26 filings available
Thinking Hats Entertainment Solutions Limited reported revenue of ₹23.52 Cr (down 50.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | 23.52 | 47.67 | 26.63 | 22.15 | 11.60 |
| Revenue growth | -50.7% | +79.0% | +20.2% | +91.0% | - |
| EBITDA | 2.33 | 5.34 | 4.99 | 2.92 | (0.30) |
| EBITDA margin | +9.9% | +11.2% | +18.7% | +13.2% | -2.6% |
| Profit before tax | 1.63 | 5.23 | 4.29 | 2.74 | 0.49 |
| Net profit | 1.25 | 3.67 | 3.08 | 2.00 | 0.39 |
| Net profit margin | +5.3% | +7.7% | +11.6% | +9.0% | +3.4% |
| EPS (₹) | 1.00 | 2.94 | 35.30 | 26.33 | 4.88 |
| Balance sheet | |||||
| Total assets | 40.16 | 40.60 | 16.49 | 9.87 | 4.02 |
| Net worth | 29.21 | 27.97 | 11.00 | 5.73 | 3.72 |
| Total debt | 10.82 | 12.51 | 5.39 | 4.14 | 0.30 |
| Cash & bank | 1.91 | 3.93 | 0.57 | 0.25 | 0.46 |
| Net working capital | 10.62 | 13.59 | 4.69 | 1.99 | 1.69 |
| Cash flow | |||||
| Cash from operations | 3.35 | (1.52) | 1.50 | 2.34 | 0.98 |
| Cash from investing | 0.59 | (18.75) | (4.08) | (5.62) | (1.51) |
| Cash from financing | (2.48) | 19.90 | 2.90 | 3.07 | 0.27 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Revenue | 23.52 | 47.67 | 26.63 | 22.15 | 11.60 |
| Revenue growth | -50.7% | +79.0% | +20.2% | +91.0% | - |
| Other income | 0.52 | 0.73 | 0.07 | 0.13 | 0.85 |
| Total expenses | 21.19 | 42.33 | 21.64 | 19.23 | 11.90 |
| Employee cost | 0.00 | 2.74 | 2.14 | 1.82 | 1.20 |
| EBITDA | 2.33 | 5.34 | 4.99 | 2.92 | (0.30) |
| EBITDA margin | +9.9% | +11.2% | +18.7% | +13.2% | -2.6% |
| Depreciation | 0.44 | 0.22 | 0.17 | 0.10 | 0.06 |
| Interest | 0.78 | 0.62 | 0.60 | 0.21 | 0.00 |
| Profit before tax | 1.63 | 5.23 | 4.29 | 2.74 | 0.49 |
| Tax | 0.38 | 1.57 | 1.21 | 0.74 | 0.10 |
| Net profit | 1.25 | 3.67 | 3.08 | 2.00 | 0.39 |
| Net profit margin | +5.3% | +7.7% | +11.6% | +9.0% | +3.4% |
| EPS (₹) | 1.00 | 2.94 | 35.30 | 26.33 | 4.88 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Equity & liabilities | |||||
| Share capital | 12.49 | 12.49 | 0.88 | 0.76 | 0.76 |
| Reserves & surplus | 16.72 | 15.48 | 10.12 | 4.97 | 2.96 |
| Shareholders' funds (net worth) | 29.21 | 27.97 | 11.00 | 5.73 | 3.72 |
| Secured loans | 4.83 | 7.93 | 3.64 | 1.50 | 0.23 |
| Unsecured loans | 5.99 | 4.58 | 1.75 | 2.64 | 0.07 |
| Total debt | 10.82 | 12.51 | 5.39 | 4.14 | 0.30 |
| Total liabilities | 40.16 | 40.60 | 16.49 | 9.87 | 4.02 |
| Assets | |||||
| Gross block | 4.09 | 2.76 | 2.38 | 2.29 | 1.04 |
| Net block | 2.97 | 2.01 | 1.58 | 1.66 | 0.52 |
| Capital work in progress | 21.33 | 15.33 | 2.37 | 0.00 | 0.00 |
| Investments | 4.76 | 9.18 | 7.65 | 6.01 | 1.62 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 11.59 | 12.35 | 9.89 | 6.06 | 3.11 |
| Cash & bank balances | 1.91 | 3.93 | 0.57 | 0.25 | 0.46 |
| Loans & advances | 4.57 | 6.30 | 1.87 | 0.35 | 0.48 |
| Total current assets | 18.07 | 22.58 | 12.33 | 6.66 | 4.05 |
| Total current liabilities | 7.45 | 8.99 | 7.64 | 4.67 | 2.36 |
| Net working capital | 10.62 | 13.59 | 4.69 | 1.99 | 1.69 |
| Total assets | 40.16 | 40.60 | 16.49 | 9.87 | 4.02 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Opening cash | 0.20 | 0.57 | 0.25 | 0.46 | 0.73 |
| Net cash from operating activities | 3.35 | (1.52) | 1.50 | 2.34 | 0.98 |
| Net cash from investing activities | 0.59 | (18.75) | (4.08) | (5.62) | (1.51) |
| Net cash from financing activities | (2.48) | 19.90 | 2.90 | 3.07 | 0.27 |
| Net change in cash | 1.46 | (0.37) | 0.32 | (0.21) | (0.26) |
| Closing cash | 1.91 | 3.93 | 0.57 | 0.25 | 0.46 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Growth | |||||
| Sales growth | -50.7% | +79.0% | +20.2% | +91.0% | - |
| EBITDA growth | -56.4% | +7.0% | +70.9% | +1073.3% | - |
| PBT growth | -68.8% | +21.9% | +56.6% | +459.2% | +9997.0% |
| Net income growth | -65.9% | +19.2% | +54.0% | +412.8% | - |
| Revenue CAGR (3Y) | +2.0% | +60.2% | - | - | - |
| EBITDA CAGR (3Y) | -7.3% | - | - | - | - |
| Profitability & leverage | |||||
| Net income margin | +5.3% | +7.7% | +11.6% | +9.0% | +3.4% |
| Return on capital employed | - | +20.5% | +37.2% | +42.7% | +12.0% |
| Return on net worth | - | +18.8% | +36.9% | +42.5% | +10.0% |
| Debt / equity | - | 0.46 | 0.57 | 0.47 | 0.08 |
| Long-term debt / equity | - | 0.10 | 0.12 | 0.11 | 0.00 |
| Interest cover | 41.27 | 12.11 | 12.45 | 7.45 | 0.00 |
| Efficiency & per share | |||||
| Fixed asset turnover | - | 18.55 | 11.40 | 13.30 | 11.15 |
| Inventory turnover | - | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | - | 4.29 | 3.34 | 4.83 | 3.73 |
| EPS (₹) | 1.00 | 2.94 | 35.30 | 26.33 | 4.88 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 22.40 | 125.58 | 75.18 | 48.85 |
Board of Directors of Thinking Hats Entertainment Solutions Limited
Thinking Hats Entertainment Solutions has 4 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Princy Anand Also directs: Purshottam Investofin Limited | Director | 30 May 2024 | 2 Years 4 Months | Current |
| Nikita Jain Also directs: Prudential Microprocessors Private Limited | Director | 11 Feb 2025 | 1 Years 8 Months | Current |
| Rajesh Bhardwaj | Managing Director | 09 May 2014 | 12 Years 5 Months | Current |
| Sana Warsi | Director | 18 Jun 2025 | 1 Years 4 Months | Current |
Peer Comparison of Thinking Hats Entertainment Solutions Limited
Thinking Hats Entertainment Solutions Limited is compared with the companies closest to it by revenue in the Events and Entertainment industry (Entertainment, Entertainment Venues, Events Management). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| XS Productions India Private Limited | ₹48.8 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Delhi, India |
| Botlab Dynamics Private Limited | ₹48.52 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | New Delhi, Delhi, India |
| Abishayya Enterprises Private Limited | ₹48.52 Cr (FY 2025) | •••• | •••• | 363.0% | •••• | Chennai, Tamil Nadu, India |
| Trident Vehicles Private Limited | ₹48.5 Cr (FY 2025) | •••• | •••• | 42.0% | •••• | Varanasi, Uttar Pradesh, India |
| Eskay Video Pvt Ltd | ₹48.41 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Kolkata, West Bengal, India |
| Insta Tourism Private Limited | ₹48.21 Cr (FY 2025) | •••• | •••• | -39.0% | •••• | Mumbai, Maharashtra, India |
| Fun World and Resorts (India) Private Limited | ₹48.11 Cr (FY 2024) | •••• | •••• | 51.0% | •••• | Bangalore, Karnataka, India |
| RDC Media Private Limited | ₹47.89 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| The Poona Club Limited | ₹47.89 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Pune, Maharashtra, India |
| West Bengal Trade Promotion Organisation | ₹47.79 Cr (FY 2024) | •••• | •••• | 142.0% | •••• | Kolkata, West Bengal, India |
| Thinking Hats Entertainment Solutions Limited this company | ₹23.52 Cr (FY 2026) | •••• | •••• | -50.7% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Thinking Hats Entertainment Solutions by revenue in the Events and Entertainment industry (Entertainment, Entertainment Venues, Events Management), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Thinking Hats Entertainment Solutions Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Jan 2024 | Hdfc Bank Limited | ₹4.4 Cr | Open |
| 30 Sep 2019 | Axis Bank Limited | ₹2.5 Cr | Satisfied |
| 18 May 2015 | Indiabulls Housing Finance Limited | ₹41.4 Lakh | Satisfied |
Total charge records: 3 View all charges
Deals & Funding of Thinking Hats Entertainment Solutions Limited
Thinking Hats Entertainment Solutions Limited has 1 deal on record (1 ipo); the latest was in September 2024.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | IPO | ₹15.09 Cr | Investors: Public Market Investors |
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 Thinking Hats Entertainment Solutions Limited
Thinking Hats Entertainment Solutions Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 01 Oct 2026.
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, New Delhi, Delhi | Civil suit | Filed against the company by an individual | Disposed |
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.
Employees and EPFO Compliance at Thinking Hats Entertainment Solutions Limited
Employment history and EPFO contributions of people linked to Thinking Hats Entertainment Solutions.
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 Thinking Hats Entertainment Solutions Limited
Thinking Hats Entertainment Solutions Limited has 19 board changes on record since 2014: 5 appointments and 14 cessations. The latest: Vijendra Prasad was appointed as CFO on 14 Nov 2025.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Thinking Hats Entertainment Solutions 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 Thinking Hats Entertainment Solutions 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
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Subsidiaries & Group Companies of Thinking Hats Entertainment Solutions 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 Thinking Hats Entertainment Solutions Limited
Thinking Hats Entertainment Solutions has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECT5236G1ZB | Maharashtra | Active | 29 Jun 2017 |
| 07AAECT5236G1ZD | Delhi | Active | 01 Jul 2017 |
| 06AAECT5236G1ZF | Haryana | Active | 15 Jan 2019 |
| 09AAECT5236G1Z9 | Uttar Pradesh | Active | 06 May 2023 |
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 Thinking Hats Entertainment Solutions 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.
Related news about Thinking Hats Entertainment Solutions Limited
Frequently Asked Questions about Thinking Hats Entertainment Solutions Limited
Thinking Hats Entertainment Solutions is an active public limited company based in Mumbai, Maharashtra, India. The company works in event planning and management, within the events and entertainment industry. It was incorporated on 11 February 2013 (13+ years old) and is registered under CIN L92490MH2013PLC352652. Listed on NSE: THESL.
Thinking Hats Entertainment Solutions reported revenue of ₹23.52 Cr for FY 2025-26 (down 50.7% YoY) based on standalone financials.
Thinking Hats Entertainment Solutions has 4 current directors:
- Rajesh Bhardwaj - Managing Director
- Princy Anand - Director
- Nikita Jain - Director
- Sana Warsi - Director
The GSTIN of Thinking Hats Entertainment Solutions is 27AAECT5236G1ZB, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 07AAECT5236G1ZD (Delhi), 06AAECT5236G1ZF (Haryana), 09AAECT5236G1Z9 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Thinking Hats Entertainment Solutions is L92490MH2013PLC352652. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Thinking Hats Entertainment Solutions is listed on NSE with symbol THESL.
Thinking Hats Entertainment Solutions has 1 court case on record: 1 filed against it.
Thinking Hats Entertainment Solutions was incorporated on 11 February 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Thinking Hats Entertainment Solutions has 1 deal on record (1 ipo); the latest was in September 2024.
The peers of Thinking Hats Entertainment Solutions by revenue are XS Productions India Private Limited, Botlab Dynamics Private Limited, Abishayya Enterprises Private Limited, Trident Vehicles Private Limited, Eskay Video Pvt Ltd and 5 more, all in the Events and Entertainment industry (Entertainment, Entertainment Venues, Events Management).
Vijendra Prasad was appointed as CFO on 14 Nov 2025. Nikita Jain ceased to be Additional Director on 16 Sep 2025. Sana Warsi ceased to be Additional Director on 16 Sep 2025. Thinking Hats Entertainment Solutions has 19 board changes on record in total.