About Walking Tree Ventures Private Limited
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Walking Tree Ventures Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the watches and jewelry manufacturing segment of the consumer goods sector. It was incorporated on 20 May 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U36999MH2016PTC281439. Its GSTIN is 27AABCU9376R1Z9 (Maharashtra).
The company has an authorised share capital of ₹6,000 Cr and a paid-up capital of ₹225 Cr. It was formerly known as Unstudio Private Limited and Walking Tree International Private Limited. It is led by directors including Ankit Hitesh Mehta and Hitesh Vijaykumar Mehta.
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 Plot No. D – 10 Road No. 21 MIDC Marol Industrial Area Andheri (East), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2025, the company reported a revenue of ₹994.31 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹123.53 Cr (net margin -12.4%) and EBITDA of -₹55.09 Cr (EBITDA margin -5.5%). Revenue has grown at a compounded annual rate (CAGR) of 213% over three years and 90% over five years.
The company has about 140 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹4.09 Cr on record. The company has 6 deals on record (4 rights issues, 2 secondary share transfers); the latest was in March 2024.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website walkingtree.co.
Company details
Name history
Walking Tree Ventures has undergone 5 name changes throughout its history. The current legal name is Walking Tree Ventures Private Limited.
| Company Name | Status |
|---|---|
| Walking Tree Ventures Private Limited | Current |
| Unstudio Private Limited | Previous |
| Walking Tree International Private Limited | Previous |
| Walking Tree Global Private Limited | Previous |
| Walking Tree (Global) Private Limited | Previous |
| Her Story Design Private Limited | Previous |
Contact details
Walking Tree Ventures Private Limited's registered office is in Mumbai, Maharashtra. Its website is walkingtree.co. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. D – 10 Road No. 21 MIDC Marol Industrial Area Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryConsumer Goods, Watches & Jewelry Manufacturing
To see the full contact details of Walking Tree Ventures Private Limited, buy the company report.
- 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
Business activity
The main business activities of Walking Tree Ventures are professional, scientific and technical and manufacturing. In detail, this covers management consultancy activities and other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities | |
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Walking Tree Ventures Private Limited, buy the company report.
Financials of Walking Tree Ventures Private Limited
FY 2024 filings availableWalking Tree Ventures Private Limited reported revenue of ₹994.31 Cr (up 386% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 90% over five years, including 386% growth in the latest year. EBITDA rose 7% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹55.09 Cr | ||||
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| Net Profit (PAT) | -₹123.53 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -5.5% | ||||
| Net Profit Margin | -12.4% | ||||
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To see the full financial statements and ratios of Walking Tree Ventures Private Limited, buy the company report.
Board of directors of Walking Tree Ventures Private Limited
Walking Tree Ventures has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Hitesh Mehta Also directs: Walking Tree (India) Private Limited, Walking Tree Brands Private Limited, Imaginarium Jewel Tech LLP and 5 more | Director | 20 May 2016 | 10 Years 5 Months | Current |
| Hitesh Vijaykumar Mehta Also directs: Walking Tree (India) Private Limited, Walking Tree Brands Private Limited, Jeweltouch (India) LLP and 5 more | Director | 18 May 2018 | 8 Years 5 Months | Current |
| Sanket Rajnikant Jhaveri | Director | 08 Jul 2024 | 2 Years 4 Months | Current |
Auditor
Walking Tree Ventures Private Limited is audited by V. A. Parikh & Associates LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. A. Parikh & Associates LLP | FY 2024 | 112787W/ W100073 |
Shareholding
The shareholding of Walking Tree Ventures Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Walking Tree Ventures Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Dec 2023 | 100851590 | Axis Bank Limited | ₹4.09 Cr | Open |
Total charge records: 1 View all charges
Deals & funding
Walking Tree Ventures Private Limited has 6 deals on record (4 rights issues, 2 secondary share transfers); the latest was in March 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Rights issue | ₹192 Cr | Investors: Co. Venture LLP , H.Deepak & Co |
| Jan 2021 | Rights issue | ₹6 Cr | Investors: H.Deepak & Co |
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: H.Deepak & Co Seller: KBS Group LLP , 2 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: KBS Group LLP Seller: KBS India |
| Mar 2018 | Rights issue | ₹18.25 Cr | Investors: H.Deepak & Co, KBS India |
To see the full deal history of Walking Tree Ventures Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Walking Tree Ventures Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Walking Tree Ventures Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Walking Tree Ventures has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Walking Tree Brands Private Limited | U74994MH2020PTC341887 |
To see the full group structure of Walking Tree Ventures Private Limited, buy the company report.
Employees & EPFO
Walking Tree Ventures Private Limited has a workforce of 140 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Walking Tree Ventures has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCU9376R1Z9 | Maharashtra | Active | 09 Apr 2018 |
To see the full GST registrations and return filing status of Walking Tree Ventures Private Limited, buy the company report.
Recent activity
Walking Tree Ventures Private Limited has 8 board changes on record since 2016: 3 appointments and 5 cessations. The latest: Sanket Rajnikant Jhaveri ceased to be Additional Director on 29 Sep 2024.
Frequently asked questions
Walking Tree Ventures is an active private limited company based in Mumbai, Maharashtra, India. The company works in watches and jewelry manufacturing, within the consumer goods industry. It was incorporated on 20 May 2016 (10+ years old) and is registered under CIN U36999MH2016PTC281439.
Walking Tree Ventures has 3 current directors:
- Ankit Hitesh Mehta - Director
- Hitesh Vijaykumar Mehta - Director
- Sanket Rajnikant Jhaveri - Director
The latest financial statements of Walking Tree Ventures on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Walking Tree Ventures is 27AABCU9376R1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Walking Tree Ventures is U36999MH2016PTC281439. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Walking Tree Ventures was incorporated on 20 May 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Walking Tree Ventures has 6 deals on record (4 rights issues, 2 secondary share transfers); the latest was in March 2024.
Sanket Rajnikant Jhaveri ceased to be Additional Director on 29 Sep 2024. Sanket Rajnikant Jhaveri was appointed as Director on 08 Jul 2024. Mithun Padamchand Sacheti ceased to be Additional Director on 21 Jun 2024. Walking Tree Ventures has 8 board changes on record in total.
Walking Tree Ventures can be reached through the website walkingtree.co. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Walking Tree Ventures is at Plot No. D – 10 Road No. 21 MIDC Marol Industrial Area Andheri East, Mumbai, Maharashtra, India – 400093.
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