MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-TN-02-0082872
Way2smile Solutions Private Limited - information technology in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹3.29 Cr
▼ 39% YoY
Net loss · FY 2024
₹1.42 Cr
Net margin -43.3%
EBITDA · FY 2024
-₹88.84 Lakh
EBITDA margin -27%
Authorised capital
₹1.08 Lakh
Registered with MCA
Paid-up capital
₹1.08 Lakh
Issued & subscribed
Open charges
₹2.25 Cr
Secured borrowings
Company age
17 yrs
Est. 2009
Employees · EPFO
32
Provident fund records
About Way2smile Solutions Private Limited
Data last updated:
Way2smile Solutions Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 25 June 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72300TN2009PTC072085. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹1.08 Lakh and a paid-up capital of ₹1.08 Lakh. It is led by directors Kesavan Madhubalan and Balasubramanian Sindhuja.
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 No 51 IT Corridor Sholinganallur, Chennai Chengalpattu, Tamil Nadu, India – 600119.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.29 Cr, a decline of 39% compared to the previous year. For the same year it recorded a net loss of ₹1.42 Cr (net margin -43.3%) and EBITDA of -₹88.84 Lakh (EBITDA margin -27%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years and 26% over five years.
The company has about 32 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Way2Smile. As per MCA filings, the company has open charges of ₹2.25 Cr on record. The company has 1 deal on record (1 secondary share transfer); the latest was in February 2016. Its 4 peer companies in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 2 larger and 2 smaller; the largest is Set IT Up Technologies India Private Limited with revenue of ₹3.3 Cr.
Way2smile Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0082872). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website w2ssolutions.com.
Company details
CIN U72300TN2009PTC072085
Registration Number 072085
Incorporation Date 25 June 2009
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TN-02-0082872
Recognitions & Rankings of Way2smile Solutions
Contact details
Way2smile Solutions Private Limited's registered office is in Chennai, Tamil Nadu. Its website is w2ssolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo 51 IT Corridor Sholinganallur, Chennai Chengalpattu, Tamil Nadu, India – 600119
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Way2smile Solutions Private Limited, buy the company report.
Comprehensive company report
Way2smile Solutions Private 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Way2smile Solutions operates one associated brand: Way2Smile. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Software development services focusing on web, mobile apps, AI, and cloud solutions in Chennai. | way2smile.com |
Business activity
The main business activity of Way2smile Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Way2smile Solutions Private Limited, buy the company report.
Financials of Way2smile Solutions Private Limited
FY 2025 filings availableWay2smile Solutions Private Limited reported revenue of ₹3.29 Cr (down 39% YoY) for FY 2024.
Revenue · FY 2024
₹3.29 Cr ▼ 39%
Net loss · FY 2024
₹1.42 Cr margin -43.3%
EBITDA · FY 2024
-₹88.84 Lakh margin -27%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 39%
3 years · compounded
▲ 6%
5 years · compounded
▲ 26%
EBITDA CAGR growth
1 year
▼ 257%
3 years · compounded
▼ 80%
5 years · compounded
▼ 28%
Revenue fell 39% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 26%. EBITDA fell 257% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹88.84 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.42 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -27% | ||||
| Net Profit Margin | -43.3% | ||||
| 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 | |||||
To see the full financial statements and ratios of Way2smile Solutions Private Limited, buy the company report.
Board of directors of Way2smile Solutions Private Limited
Way2smile Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kesavan Madhubalan Also directs: Simha Analytics Private Limited, Mei AI Private Limited | Director | 25 Jun 2009 | 17 Years 4 Months | Current |
| Balasubramanian Sindhuja Also directs: Simha Analytics Private Limited, Mei AI Private Limited | Director | 06 Feb 2019 | 7 Years 8 Months | Current |
Peer comparison
Way2smile Solutions Private Limited is compared with the 4 companies closest to it by revenue in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Set IT Up Technologies India Private Limited | ₹3.3 Cr (FY 2024) | 43.0% | Mohali, Punjab, India | |||
| Aidaio Software Solutions Private Limited | ₹3.3 Cr (FY 2025) | 12.0% | Bangalore, Karnataka, India | |||
| Way2smile Solutions Private Limitedthis company | ₹3.29 Cr (FY 2024) | -₹1.42 Cr | -43.3% | -39.0% | 32 | Chennai, Tamil Nadu, India |
| Gaurish Technologies Private Limited | ₹3.29 Cr (FY 2024) | 23.0% | Gwalior, Madhya Pradesh, India | |||
| Codework Solutions Private Limited | ₹3.28 Cr (FY 2025) | 32.0% | Ernakulam, Kerala, India |
To see the full peer comparison of Way2smile Solutions Private Limited, buy the company report.
Auditor
Way2smile Solutions Private Limited is audited by ARV & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ARV & ASSOCIATES | FY 2023 | 010247S |
Shareholding
The shareholding of Way2smile Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Way2smile Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.25 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Feb 2022 | 100548317 | Dhanlaxmi Bank Limited | ₹49.6 Lakh | Open | |
| 26 Aug 2021 | 100480837 | Dhanlaxmi Bank Limited | ₹1.75 Cr | Open |
To see the full charge records of Way2smile Solutions Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Way2smile Solutions Private Limited has 1 deal on record (1 secondary share transfer); the latest was in February 2016.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
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 Way2smile Solutions 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 Way2smile Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Way2smile Solutions Private Limited has a workforce of 32 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
32
Active EPFO establishments
1
Employee growth
-5.88%
GST
Way2smile Solutions has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
Total GSTINs
2
Cancelled / inactive
2
To see the full GST registrations and return filing status of Way2smile Solutions Private Limited, buy the company report.
Recent activity
Way2smile Solutions Private Limited has 4 board changes on record since 2009: 2 appointments and 2 cessations. The latest: Ashokkumar Ramanpillai ceased to be Director on 20 Aug 2021.
AGM
Way2Smile Solutions Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Way2Smile Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Charges
A charge with Dhanlaxmi Bank Limited of Rs. 49.60 Lakh registered on 18 Feb 2022 with Charge ID 100548317 was modified on 07 Dec 2022.
Charges
A charge with Dhanlaxmi Bank Limited amounted to Rs. 49.60 Lakh with Charge ID 100548317 was registered on 18 Feb 2022.
Charges
A charge with Dhanlaxmi Bank Limited amounted to Rs. 175.00 Lakh with Charge ID 100480837 was registered on 26 Aug 2021.
Ceased
Ashokkumar Ramanpillai ceased to be Director.
Ceased
Balasubramanian Sindhuja ceased to be Additional Director.
Appointed
Balasubramanian Sindhuja was appointed as Director.
Appointed
Kesavan Madhubalan was appointed as Director.
Incorporation
25 Jun 2009
Way2Smile Solutions Private Limited was registered on 25 Jun 2009 with Roc Chennai & aged 17 years 4 months as per MCA records.
Frequently asked questions
Way2smile Solutions is an active private limited company based in Chennai, Tamil Nadu, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 25 June 2009 (17+ years old) and is registered under CIN U72300TN2009PTC072085.
Way2smile Solutions has 2 current directors:
- Kesavan Madhubalan - Director
- Balasubramanian Sindhuja - Director
The latest financial statements of Way2smile Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Way2smile Solutions has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Way2smile Solutions is U72300TN2009PTC072085. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Way2smile Solutions was incorporated on 25 June 2009, making it 17+ years old. It is registered with the Registrar of Companies, Chennai.
Way2smile Solutions has 1 deal on record (1 secondary share transfer); the latest was in February 2016.
The peers of Way2smile Solutions by revenue are Set IT Up Technologies India Private Limited, Aidaio Software Solutions Private Limited, Gaurish Technologies Private Limited, Codework Solutions Private Limited, all in the Information Technology industry (Application Development), with the same principal business activity (computer programming, consultancy and related activities).
Ashokkumar Ramanpillai ceased to be Director on 20 Aug 2021. Balasubramanian Sindhuja ceased to be Additional Director on 30 Sep 2019. Balasubramanian Sindhuja was appointed as Director on 06 Feb 2019. Way2smile Solutions has 4 board changes on record in total.
Yes, Way2smile Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-TN-02-0082872).
Way2smile Solutions can be reached through the website w2ssolutions.com. Its registered office is in Chennai, Tamil Nadu, India.