Thinking Hats Entertainment Solutions Limited

Thinking Hats Entertainment Solutions Limited - events and entertainment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN L92490MH2013PLC352652 Incorporated 11 February 2013 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Listed - NSE: THESL Public Limited Company events and entertainment MSME · Small
Data last updated
Market Cap
₹15.11 Cr
THESL-ST · NSE
Share Price
₹11.50
-4.96% 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)
12.7x
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. 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.

Company Details of Thinking Hats Entertainment Solutions Limited
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 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-DL-08-0004327

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.

CINStatus
L92490MH2013PLC352652Current
U92490MH2013PLC352652Previous
U92490MH2013PTC352652Previous
U92490DL2013PTC248111Previous

Recognitions & Rankings of Thinking Hats Entertainment Solutions

MSME (Udyam registered) Ministry of MSME
Category
Small (2024-25)
Udyam number
UDYAM-DL-08-0004327
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
  • Registered Address
    Ku220 Kuber Kartik New Link Road Prem Co – Operative Society Andheri West, Mumbai, Maharashtra, India – 400053
  • Industry
    Events and Entertainment, Event Planning & Management
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Financials, compliance, directors, charges, ownership and filings for Thinking Hats Entertainment Solutions Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with Thinking Hats Entertainment Solutions Limited

Thinking Hats Entertainment Solutions operates one associated brand: THES. Each brand links to its own profile.

BrandDescriptionWebsite
Music and entertainment events are managed in India.thes.in

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 CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
RArts, entertainment and recreationR1Creative, arts and entertainment activitiesLocked
MProfessional, Scientific and TechnicalM9Other professional, scientific and technical activitiesLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

  • Turnover contribution
  • Historical classifications
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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 · Standalone
Revenue
₹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

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Income statement
Revenue23.5247.6726.6322.1511.60
Revenue growth-50.7%+79.0%+20.2%+91.0%-
EBITDA2.335.344.992.92(0.30)
EBITDA margin+9.9%+11.2%+18.7%+13.2%-2.6%
Profit before tax1.635.234.292.740.49
Net profit1.253.673.082.000.39
Net profit margin+5.3%+7.7%+11.6%+9.0%+3.4%
EPS (₹)1.002.9435.3026.334.88
Balance sheet
Total assets40.1640.6016.499.874.02
Net worth29.2127.9711.005.733.72
Total debt10.8212.515.394.140.30
Cash & bank1.913.930.570.250.46
Net working capital10.6213.594.691.991.69
Cash flow
Cash from operations3.35(1.52)1.502.340.98
Cash from investing0.59(18.75)(4.08)(5.62)(1.51)
Cash from financing(2.48)19.902.903.070.27

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 21 Oct 2026
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Revenue23.5247.6726.6322.1511.60
Revenue growth-50.7%+79.0%+20.2%+91.0%-
Other income0.520.730.070.130.85
Total expenses21.1942.3321.6419.2311.90
Employee cost0.002.742.141.821.20
EBITDA2.335.344.992.92(0.30)
EBITDA margin+9.9%+11.2%+18.7%+13.2%-2.6%
Depreciation0.440.220.170.100.06
Interest0.780.620.600.210.00
Profit before tax1.635.234.292.740.49
Tax0.381.571.210.740.10
Net profit1.253.673.082.000.39
Net profit margin+5.3%+7.7%+11.6%+9.0%+3.4%
EPS (₹)1.002.9435.3026.334.88
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Equity & liabilities
Share capital12.4912.490.880.760.76
Reserves & surplus16.7215.4810.124.972.96
Shareholders' funds (net worth)29.2127.9711.005.733.72
Secured loans4.837.933.641.500.23
Unsecured loans5.994.581.752.640.07
Total debt10.8212.515.394.140.30
Total liabilities40.1640.6016.499.874.02
Assets
Gross block4.092.762.382.291.04
Net block2.972.011.581.660.52
Capital work in progress21.3315.332.370.000.00
Investments4.769.187.656.011.62
Inventories0.000.000.000.000.00
Sundry debtors11.5912.359.896.063.11
Cash & bank balances1.913.930.570.250.46
Loans & advances4.576.301.870.350.48
Total current assets18.0722.5812.336.664.05
Total current liabilities7.458.997.644.672.36
Net working capital10.6213.594.691.991.69
Total assets40.1640.6016.499.874.02
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22
Opening cash0.200.570.250.460.73
Net cash from operating activities3.35(1.52)1.502.340.98
Net cash from investing activities0.59(18.75)(4.08)(5.62)(1.51)
Net cash from financing activities(2.48)19.902.903.070.27
Net change in cash1.46(0.37)0.32(0.21)(0.26)
Closing cash1.913.930.570.250.46
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 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-0.460.570.470.08
Long-term debt / equity-0.100.120.110.00
Interest cover41.2712.1112.457.450.00
Efficiency & per share
Fixed asset turnover-18.5511.4013.3011.15
Inventory turnover-0.000.000.000.00
Debtors turnover-4.293.344.833.73
EPS (₹)1.002.9435.3026.334.88
Dividend per share (₹)0.000.000.000.000.00
Book value per share (₹)0.0022.40125.5875.1848.85
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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
NameDesignationAppointment DateTenureStatus
Princy AnandDirector30 May 20242 Years 4 MonthsCurrent
Nikita JainDirector11 Feb 20251 Years 8 MonthsCurrent
Rajesh BhardwajManaging Director09 May 201412 Years 5 MonthsCurrent
Sana WarsiDirector18 Jun 20251 Years 4 MonthsCurrent

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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
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

Open charges
₹4.4 Cr
Satisfied charges
₹2.91 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹4.40 Cr
Latest charge details
DateLenderAmountStatus
07 Jan 2024Hdfc Bank Limited₹4.4 CrOpen
30 Sep 2019Axis Bank Limited₹2.5 CrSatisfied
18 May 2015Indiabulls Housing Finance Limited₹41.4 LakhSatisfied

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.

Total deals
1
IPO
1

Deals on record (1 of 1)

WhenDealAmountParties
Sep 2024IPO₹15.09 CrInvestors: Public Market Investors
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Full deal history

All 1 deals with amounts, valuations, instruments and every party are in the company report.

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Employees and EPFO Compliance at Thinking Hats Entertainment Solutions Limited

Employment history and EPFO contributions of people linked to Thinking Hats Entertainment Solutions.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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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.

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.
Filing
Thinking Hats Entertainment Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
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 listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Thinking Hats Entertainment Solutions Limited

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MSME Payment Delays by Thinking Hats Entertainment Solutions Limited

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Subsidiaries & Group Companies of Thinking Hats Entertainment Solutions Limited

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GST Compliance of Thinking Hats Entertainment Solutions Limited

Thinking Hats Entertainment Solutions has 4 GST registrations: 4 active.

Total GSTINs
4
Active
4
GSTINStateStatusRegistered on
27AAECT5236G1ZBMaharashtraActive29 Jun 2017
07AAECT5236G1ZDDelhiActive01 Jul 2017
06AAECT5236G1ZFHaryanaActive15 Jan 2019
09AAECT5236G1Z9Uttar PradeshActive06 May 2023
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GST registrations and filing compliance

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MCA Filings & Documents of Thinking Hats Entertainment Solutions Limited

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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:

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.

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