About Spwave Private Limited
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Spwave Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the online grocery platforms segment of the e-commerce sector. It was incorporated on 30 January 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U51397KA2020PTC132161. Its GSTIN is 29ABDCS3851Q1ZL (Karnataka). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Swaminathan Vishwanathan and Hemanth Kumar.
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 #645/642/641/638/744/380C V.B. Layout 5th Main Bangalore Ka 560076, Karnataka, India – 560076.
As per the financials filed for FY 2025, the company reported a revenue of ₹858.13 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.11 Cr (net margin 0.1%) and EBITDA of ₹1.77 Cr (EBITDA margin 0.2%).
The company has about 69 employees on its provident fund (EPFO) records.
Court records list 1 case involving the company, including 1 filed against it; 1 case is pending.
For more details, the company can be reached via its website spwave.in.
Company details
Contact details
Spwave Private Limited's registered office is in Bangalore, Karnataka. Its website is spwave.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address#645/642/641/638/744/380C V.B. Layout 5th Main Bangalore Ka 560076, Karnataka, India – 560076
- IndustryE-Commerce, Online Grocery Platforms
To see the full contact details of Spwave 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 activity of Spwave is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers retail trade, except of motor vehicles and motorcycles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Spwave Private Limited, buy the company report.
Financials of Spwave Private Limited
FY 2025 filings availableSpwave Private Limited reported revenue of ₹858.13 Cr (up 336% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 336% in the latest year. EBITDA rose 672% in the latest 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 | ₹1.77 Cr | ||||
| Profit Before Tax | |||||
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| Net Profit (PAT) | ₹1.11 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.2% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Spwave Private Limited, buy the company report.
Board of directors of Spwave Private Limited
Spwave has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Swaminathan Vishwanathan | Director | 27 Jun 2022 | 4 Years 4 Months | Current |
| Hemanth Kumar | Director | 25 Jul 2021 | 5 Years 3 Months | Current |
| Phalguni Kumar | Director | 30 Jan 2020 | 6 Years 9 Months | Current |
Peer comparison
Spwave Private Limited is compared with the 3 companies closest to it by revenue in the Ecommerce and Internet industry (Grocery), with the same principal business activity (retail trade, except of motor vehicles and motorcycles), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Innovative Retail Concepts Private Limited | ₹7,717.43 Cr (FY 2025) | -3.0% | Bangalore, Karnataka, India | |||
| Cloudstore Retail Private Limited | ₹4,655.17 Cr (FY 2025) | 13.0% | Chennai, Tamil Nadu, India | |||
| Commodum Groceries Private Limited | ₹3,252.91 Cr (FY 2025) | 289.0% | Kolkata, West Bengal, India | |||
| Spwave Private Limitedthis company | ₹858.13 Cr (FY 2025) | ₹1.11 Cr | 0.1% | 336.0% | 69 | Bangalore, Karnataka, India |
To see the full peer comparison of Spwave Private Limited, buy the company report.
Auditor
Spwave Private Limited is audited by Jayaraja and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jayaraja and Associates | FY 2023 | 015167S |
Shareholding
The shareholding of Spwave Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Spwave Private Limited, buy the company report.
Legal cases
Spwave Private Limited has 1 court case on record: 1 filed against it. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South Goa, Goa | Criminal miscellaneous application | Filed against the company by State ( Through the Inpector, Legal Metrology) | Pending |
To see the full case history of Spwave Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Spwave Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Spwave Private Limited has a workforce of 69 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 69 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 |
To see the full employee and EPFO history of Spwave Private Limited, buy the company report.
GST
Spwave has 5 GST registrations: 4 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29ABDCS3851Q1ZL | Karnataka | Active | 09 Jun 2022 |
| 29ABDCS3851Q3ZJ | Karnataka | Active | 12 Feb 2025 |
| 30ABDCS3851Q1Z2 | Goa | Active | 29 Apr 2024 |
| 32ABDCS3851Q1ZY | Kerala | Active | 16 Oct 2024 |
To see the full GST registrations and return filing status of Spwave Private Limited, buy the company report.
Recent activity
Spwave Private Limited has 5 board changes on record since 2020: 3 appointments and 2 cessations. The latest: Swaminathan Vishwanathan was appointed as Director on 27 Jun 2022.
Frequently asked questions
Spwave is an active private limited company based in Bangalore, Karnataka, India. The company works in online grocery platforms, within the e-commerce industry. It was incorporated on 30 January 2020 (6+ years old) and is registered under CIN U51397KA2020PTC132161.
Spwave has 3 current directors:
- Swaminathan Vishwanathan - Director
- Hemanth Kumar - Director
- Phalguni Kumar - Director
The latest financial statements of Spwave 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 FY 2020 are in the company report.
The GSTIN of Spwave is 29ABDCS3851Q1ZL, registered in Karnataka. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 29ABDCS3851Q3ZJ (Karnataka), 30ABDCS3851Q1Z2 (Goa), 32ABDCS3851Q1ZY (Kerala).
The CIN (Corporate Identification Number) of Spwave is U51397KA2020PTC132161. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spwave has 1 court case on record: 1 filed against it. 1 is pending.
Spwave was incorporated on 30 January 2020, making it 6+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Spwave by revenue are Innovative Retail Concepts Private Limited, Cloudstore Retail Private Limited, Commodum Groceries Private Limited, all in the Ecommerce and Internet industry (Grocery), with the same principal business activity (retail trade, except of motor vehicles and motorcycles).
Swaminathan Vishwanathan was appointed as Director on 27 Jun 2022. Fozia Wadhwa ceased to be Director on 25 Jul 2021. Hemanth Kumar was appointed as Director on 25 Jul 2021. Spwave has 5 board changes on record in total.
Spwave can be reached through the website spwave.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Spwave is at #645642641638744380C V.B. Layout 5th Main Bangalore Ka 560076, Karnataka, India – 560076.
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