MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-DL-08-0004327
Market Cap
₹14.36 Cr
THESL-ST · NSE
Share Price
₹10.95
-4.78% today
Revenue
₹23.52 Cr
FY 2025-26 · -50.7% YoY
EBITDA
₹2.33 Cr
Margin 9.9%
Net Profit
₹1.25 Cr
FY 2025-26 · -65.9% YoY
P/E (TTM)
12.1x
P/B 0.5x
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹12.49 Cr
Issued & subscribed
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. It is a listed company as per MCA records. 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 2026. 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 2 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending. The company has 1 deal on record (1 ipo); the latest was in September 2024.
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.
Company details
CIN L92490MH2013PLC352652
Registration Number 352652
Incorporation Date 11 February 2013
ROC Mumbai
Listing Status Listed (NSE: THESL)
Company Status Active
Date of Last AGM 17 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-DL-08-0004327
CIN history
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
Contact details
Thinking Hats Entertainment Solutions Limited's registered office is in Mumbai, Maharashtra.
- 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
Comprehensive company report
Thinking Hats Entertainment Solutions 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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Secure checkout · GST invoice included
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| R | Arts, entertainment and recreation | R1 | Creative, arts and entertainment activities | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Thinking Hats Entertainment Solutions Limited, buy the company report.
Financials of Thinking Hats Entertainment Solutions Limited
FY 2025-26 filings availableThinking Hats Entertainment Solutions Limited reported revenue of ₹23.52 Cr (down 50.7% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹23.52 Cr
-50.7% YoY
EBITDA
₹2.33 Cr
-56.4% YoY
Profit After Tax
₹1.25 Cr
-65.9% YoY
Net Worth
₹29.21 Cr
+4.4% YoY
Total Assets
₹40.16 Cr
-1.1% YoY
Total Debt
₹10.82 Cr
-13.5% YoY
Revenue 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
Figures in ₹ Cr; negatives in brackets. Updated 22 Oct 2026
| 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 |
To see the full year-wise statements and ratios of Thinking Hats Entertainment Solutions Limited, buy the company report.
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.
Current Directors
| 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 |
Charges & borrowings
Open charges
₹4.4 Cr
Satisfied charges
₹2.91 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Jan 2024 | 100851676 | Hdfc Bank Limited | ₹4.4 Cr | Open | |
| 30 Sep 2019 | 100307016 | Axis Bank Limited | ₹2.5 Cr | Satisfied | |
| 18 May 2015 | 10572364 | Indiabulls Housing Finance Limited | ₹41.4 Lakh | Satisfied |
To see the full charge records of Thinking Hats Entertainment Solutions Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Thinking Hats Entertainment Solutions Limited has 1 deal on record (1 ipo); the latest was in September 2024.
Total deals
1
IPO
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2024 | IPO | ₹15.09 Cr | Investors: Public Market Investors |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Thinking Hats Entertainment Solutions Limited has 2 court cases on record: 1 filed by Thinking Hats Entertainment Solutions, 1 filed against it. 1 case is pending and 1 is disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Pending
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against an individual | Pending |
| District court, New Delhi, Delhi | Civil suit | Filed against the company by an individual | Disposed |
To see the full case history of Thinking Hats Entertainment Solutions 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 Thinking Hats Entertainment Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Thinking Hats Entertainment Solutions has 4 GST registrations: 4 active.
Total GSTINs
4
Active
4
| 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 |
To see the full GST registrations and return filing status of Thinking Hats Entertainment Solutions Limited, buy the company report.
Recent activity
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.
Filing
Thinking Hats Entertainment Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Appointed
Vijendra Prasad was appointed as CFO.
AGM
Thinking Hats Entertainment Solutions Limited last Annual general meeting of members was held on 17 Sep 2025 as per latest MCA records.
Ceased
Nikita Jain ceased to be Additional Director.
Ceased
Sana Warsi ceased to be Additional Director.
Appointed
Sana Warsi was appointed as Director.
Ceased
Altab Uddin Kazi ceased to be Director.
Appointed
Nikita Jain was appointed as Director.
Ceased
Palak Jain ceased to be Company Secretary.
Appointed
Princy Anand was appointed as Director.
Ceased
Shruti Singhania ceased to be Additional Director.
Ceased
Ruchi Agarwal ceased to be Director.
16 earlier events are in the company report.
Frequently asked questions
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 latest financial statements of Thinking Hats Entertainment Solutions on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 17 September 2025. Year-wise statements from 2015 are in the company report.
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 a listed company as per MCA records. Its shares are listed on NSE (symbol: THESL).
Thinking Hats Entertainment Solutions has 2 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending.
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.