About Bit Wave Solutions Private Limited
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Bit Wave Solutions Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 24 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U72300WB2013PTC195808. Its GSTIN is 19AAFCB5918A1ZW (West Bengal).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹2 Lakh. It is led by directors Shailendra Prasad and Birendra Prasad.
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 6th Foor Room No – 602 Shaila Tower Ep Gp Block J1/16 Sector – V Salt Lake, Kolkata, West Bengal, India – 700091.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.19 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹2.69 Lakh (net margin 0.8%) and EBITDA of ₹7.52 Lakh (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 69% over three years and 34% over five years.
The company has about 24 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bitwavesolutions.com.
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- Registered Address6th Foor Room No – 602 Shaila Tower Ep Gp Block J1/16 Sector – V Salt Lake, Kolkata, West Bengal, India – 700091
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Business Activity of Bit Wave Solutions Private Limited
The main business activity of Bit Wave Solutions is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Bit Wave Solutions Private Limited FY 2024 filings available
Bit Wave Solutions Private Limited reported revenue of ₹3.19 Cr (up 36% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Bit Wave Solutions Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 34% over five years, including 36% growth in the latest year. EBITDA rose 82% 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 of Bit Wave Solutions Private Limited
| 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 | ₹7.52 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.69 Lakh | •••• | •••• | •••• | •••• |
| 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 of Bit Wave Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Bit Wave Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Bit Wave Solutions Private Limited
Bit Wave Solutions has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shailendra Prasad | Director | 24 Jul 2013 | 13 Years 2 Months | Current |
| Birendra Prasad | Director | 24 Jul 2013 | 13 Years 2 Months | Current |
Peer Comparison of Bit Wave Solutions Private Limited
Bit Wave Solutions Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kalash Forex Private Limited | ₹3.25 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Navi Mumbai, Maharashtra, India |
| Abn Travels and Forex Private Limited | ₹3.24 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
| Crystal Tours and Travels Private Limited | ₹3.23 Cr (FY 2025) | •••• | •••• | -28.0% | •••• | Ahmedabad, Gujarat, India |
| Stayon Forex Private Limited | ₹3.21 Cr (FY 2021) | •••• | •••• | 163.0% | •••• | Bharuch, Gujarat, India |
| Forexopher Services (OPC) Private Limited | ₹3.2 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Indore, Madhya Pradesh, India |
| Bit Wave Solutions Private Limited this company | ₹3.19 Cr (FY 2024) | •••• | •••• | 36.0% | •••• | Kolkata, West Bengal, India |
| Jatin Forex Tour and Travels Private Limited | ₹3.18 Cr (FY 2023) | •••• | •••• | 88.0% | •••• | New Delhi, Delhi, India |
| Gglobalvision Forex Private Limited | ₹3.18 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Mumbai, Maharashtra, India |
| Crescent Forex Private Limited | ₹3.14 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Thodupuzha, Kerala, India |
| Pawan Forex and Liesure Private Limited | ₹3.12 Cr (FY 2025) | •••• | •••• | -58.0% | •••• | New Delhi, Delhi, India |
| MRR Global Services Private Limited | ₹3.05 Cr (FY 2024) | •••• | •••• | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Bit Wave Solutions by revenue in the BFSI industry (Money Exchange Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Bit Wave Solutions Private Limited
Bit Wave Solutions Private Limited is audited by MINA AGARWAL & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MINA AGARWAL & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Bit Wave Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Bit Wave Solutions Private Limited
Bit Wave Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Bit Wave Solutions Private Limited
Bit Wave Solutions Private Limited has a workforce of 24 employees as of Mar 29, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Bit Wave Solutions Private Limited
Bit Wave Solutions Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Birendra Prasad was appointed as Director on 24 Jul 2013.
Credit Ratings, Litigation & Regulatory Alerts for Bit Wave Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Bit Wave Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Bit Wave Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Bit Wave Solutions Private Limited
Bit Wave Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAFCB5918A1ZW | West Bengal | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Bit Wave Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Bit Wave Solutions Private Limited
Bit Wave Solutions is an active private limited company based in Kolkata, West Bengal, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 24 July 2013 (13+ years old) and is registered under CIN U72300WB2013PTC195808.
Bit Wave Solutions reported revenue of ₹3.19 Cr for FY 2024 (up 36% YoY).
Bit Wave Solutions has 2 current directors:
- Shailendra Prasad - Director
- Birendra Prasad - Director
Bit Wave Solutions reported a net profit of ₹2.69 Lakh (net margin 0.8%) and EBITDA of ₹7.52 Lakh (EBITDA margin 2.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Bit Wave Solutions is 69% over three years and 34% over five years. In the latest year (FY 2024) revenue rose 36%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Bit Wave Solutions is 19AAFCB5918A1ZW, registered in West Bengal.
The CIN (Corporate Identification Number) of Bit Wave Solutions is U72300WB2013PTC195808. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bit Wave Solutions was incorporated on 24 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Bit Wave Solutions by revenue are Kalash Forex Private Limited, Abn Travels and Forex Private Limited, Crystal Tours and Travels Private Limited, Stayon Forex Private Limited, Forexopher Services (OPC) Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Birendra Prasad was appointed as Director on 24 Jul 2013. Shailendra Prasad was appointed as Director on 24 Jul 2013.
Bit Wave Solutions can be reached through the website bitwavesolutions.com. Its registered office is in Kolkata, West Bengal, India.