About Ignowave Systems Private Limited
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Ignowave Systems Private Limited is a private limited company based in Bengaluru, Karnataka, India. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 17 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2020PTC142301. Its GSTIN is 29AAFCI9473F1Z4 (Karnataka).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Elipparakkal Haseena and Muhammed Sameer.
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 40/B Hasbi 4th Crss Vivekananda Nagar Chikkathogur Electronic City, Bengaluru, Karnataka, India – 560100.
As per the financials filed for FY 2024, the company reported a revenue of ₹66.92 Lakh, a growth of 53% compared to the previous year. For the same year it recorded a net profit of ₹6.94 Lakh (net margin 10.4%) and EBITDA of ₹7.59 Lakh (EBITDA margin 11.3%). Revenue has grown at a compounded annual rate (CAGR) of 643% over three years.
For more details, the company can be reached via its website ignowave.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address40/B Hasbi 4th Crss Vivekananda Nagar Chikkathogur Electronic City, Bengaluru, Karnataka, India – 560100
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
- 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 Ignowave Systems Private Limited
The main business activity of Ignowave Systems is professional, scientific and technical. In detail, this covers architecture, engineering activities, technical testing and analysis activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M4 | Architecture, engineering activities, technical testing and analysis 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 Ignowave Systems Private Limited FY 2025 filings available
Ignowave Systems Private Limited reported revenue of ₹66.92 Lakh (up 53% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Ignowave Systems Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 643% over three years, including 53% growth in the latest year. EBITDA rose 136% 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 Ignowave Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| 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 | ₹7.59 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.94 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 Ignowave Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 11.3% | •••• | •••• | •••• |
| Net Profit Margin | 10.4% | •••• | •••• | •••• |
| 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 Ignowave Systems are in the company report.
Financial statements from FY 2021
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.
Peer Comparison of Ignowave Systems Private Limited
Ignowave Systems Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Process Machinery). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| M8m (India) Private Limited | ₹67.32 Lakh (FY 2025) | •••• | •••• | •••• | Hyderabad, Telangana, India | |
| Mak Sugar Equipments Private Limited | ₹67.22 Lakh (FY 2018) | •••• | •••• | 31.0% | •••• | Sangli, Maharashtra, India |
| Lira Toolings Private Limited | ₹67.19 Lakh (FY 2025) | •••• | •••• | -32.0% | •••• | Hosur, Tamil Nadu, India |
| Omkar Engineering India Private Limited | ₹66.99 Lakh (FY 2025) | •••• | •••• | -62.0% | •••• | Mumbai, Maharashtra, India |
| Metrix Precision Components Private Limited | ₹66.97 Lakh (FY 2025) | •••• | •••• | -36.0% | •••• | Bangalore, Karnataka, India |
| Ignowave Systems Private Limited this company | ₹66.92 Lakh (FY 2024) | •••• | •••• | 53.0% | •••• | Bengaluru, Karnataka, India |
| D-Honer Engineers (India) Private Limited | ₹66.9 Lakh (FY 2025) | •••• | •••• | -28.0% | •••• | Nalla Sopara, Maharashtra, India |
| Adinath Stones Private Limited | ₹66.85 Lakh (FY 2024) | •••• | •••• | -32.0% | •••• | Jodhpur, Rajasthan, India |
| Sanarco Engineering Private Limited | ₹66.59 Lakh (FY 2024) | •••• | •••• | -57.0% | •••• | Thane, Maharashtra, India |
| Rea Thermal Private Limited | ₹66.37 Lakh (FY 2025) | •••• | •••• | -20.0% | •••• | Aurangabad, Maharashtra, India |
| Can Engineering Solutions Private Limited | ₹66 Lakh (FY 2025) | •••• | •••• | -91.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Ignowave Systems by revenue in the Machinery and Equipment industry (Process Machinery), 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 Ignowave Systems Private Limited
Ignowave Systems Private Limited is audited by SUJESH G & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SUJESH G & ASSOCIATES | 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.
Board of Directors of Ignowave Systems Private Limited
Ignowave Systems has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Elipparakkal Haseena | Director | 22 Jun 2021 | 5 Years 3 Months | Current |
| Muhammed Sameer | Director | 17 Dec 2020 | 5 Years 9 Months | Current |
Ownership and Shareholding of Ignowave Systems 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 Ignowave Systems Private Limited
Ignowave Systems Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ignowave Systems Private Limited
Ignowave Systems Private Limited has a workforce of 0 employees as of Apr 09, 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 Ignowave Systems Private Limited
Ignowave Systems Private Limited has 3 board changes on record since 2020: 2 appointments and 1 cessation. The latest: Eli Parakkal Thanseela ceased to be Director on 22 Jun 2021.
Credit Ratings, Litigation & Regulatory Alerts for Ignowave Systems 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 Ignowave Systems 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 Ignowave Systems 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 Ignowave Systems Private Limited
Ignowave Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCI9473F1Z4 | Karnataka | Active | 12 Jan 2021 |
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 Ignowave Systems 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 Ignowave Systems Private Limited
Ignowave Systems is an active private limited company based in Bengaluru, Karnataka, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 17 December 2020 (6+ years old) and is registered under CIN U74999KA2020PTC142301.
Ignowave Systems reported revenue of ₹66.92 Lakh for FY 2024 (up 53% YoY).
Ignowave Systems has 2 current directors:
- Elipparakkal Haseena - Director
- Muhammed Sameer - Director
Ignowave Systems reported a net profit of ₹6.94 Lakh (net margin 10.4%) and EBITDA of ₹7.59 Lakh (EBITDA margin 11.3%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ignowave Systems is 643% over three years. In the latest year (FY 2024) revenue rose 53%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ignowave Systems is 29AAFCI9473F1Z4, registered in Karnataka.
The CIN (Corporate Identification Number) of Ignowave Systems is U74999KA2020PTC142301. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ignowave Systems was incorporated on 17 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ignowave Systems by revenue are M8m (India) Private Limited, Mak Sugar Equipments Private Limited, Lira Toolings Private Limited, Omkar Engineering India Private Limited, Metrix Precision Components Private Limited and 5 more, all in the Machinery and Equipment industry (Process Machinery).
Eli Parakkal Thanseela ceased to be Director on 22 Jun 2021. Elipparakkal Haseena was appointed as Director on 22 Jun 2021. Muhammed Sameer was appointed as Director on 17 Dec 2020.
Ignowave Systems can be reached through the website ignowave.com. Its registered office is in Bengaluru, Karnataka, India.