This research paper presents a detailed study on the working capital management practices of Think NEXT Technologies Pvt. Ltd. for the year 2023–24. Working Capital Management (WCM) plays a vital role in ensuring operational liquidity, solvency, and financial efficiency. The objective of this study is to analyze the company's financial performance in terms of liquidity and profitability, to identify the challenges faced, and to suggest improvements. Secondary data has been collected from financial statements, internal records, and Tally ERP reports. The findings reveal that while the company enjoys high liquidity with cash and bank balances amounting to ₹65,00,000, it simultaneously reported a net loss of ₹1,75,000, indicating poor utilization of resources. The paper discusses in detail the ratios, comparative analysis, and implications for service-based companies. Recommendations include adopting a formal working capital policy, investing idle funds in income-generating instruments, and leveraging ERP features for real-time cash flow monitoring.