DPIIT recognised startup Government of India
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Wehear Innovations Private Limited - consumer electronics & durables in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹10.37 Cr
▲ 141% YoY
Net profit · FY 2025
₹9.74 Lakh
Net margin 0.9%
EBITDA · FY 2025
₹46.27 Lakh
EBITDA margin 4.5%
Authorised capital
₹8.1 Cr
Registered with MCA
Paid-up capital
₹1.44 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
8
As per MCA filings
Active GSTINs
1
GST registered
About Wehear Innovations Private Limited
Data last updated:
Wehear Innovations Private Limited is a private limited company based in Ahmedabad, Gujarat, India, recognised as a startup by DPIIT. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 26 February 2021 and has been in existence for over 5 years.
Its director Peyush Bansal is #316 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ2021PTC120671. Its GSTIN is 24AACCW8915D1ZE (Gujarat).
The company has an authorised share capital of ₹8.1 Cr and a paid-up capital of ₹1.44 Lakh. It is led by directors including Kanishka Rakeshkumar Patel (Managing Director) and Kevin Dineshbhai Narola.
Its last annual general meeting (AGM) was held on 30 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 805 Supath Apartment Vijay Char Rasta Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.37 Cr, a growth of 141% compared to the previous year. For the same year it recorded a net profit of ₹9.74 Lakh (net margin 0.9%) and EBITDA of ₹46.27 Lakh (EBITDA margin 4.5%).
The company is associated with 1 brand: WeHear. The company has 10 deals on record (5 funding rounds, 3 secondary share transfers, 2 debt financings), with disclosed funding of ₹16.75 Cr; the latest was in January 2024. Its 5 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 3 smaller; the largest is Nirvana Lighting Private Limited with revenue of ₹10.57 Cr.
Wehear Innovations Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0062716). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wehear.in.
Company details
CIN U31909GJ2021PTC120671
Registration Number 120671
Incorporation Date 26 February 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 June 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification MSME
Udyam Registration UDYAM-GJ-01-0062716
Key People
Kanishka Rakeshkumar Patel Managing Director Kevin Dineshbhai Narola Director Harbir Singh Banga Director Recognitions & Rankings of Wehear Innovations
MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-GJ-01-0062716
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #316 Peyush Bansal ₹12,000 Cr
Contact details
Wehear Innovations Private Limited's registered office is in Ahmedabad, Gujarat. Its website is wehear.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address805 Supath Apartment Vijay Char Rasta Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Wehear Innovations Private Limited, buy the company report.
Comprehensive company report
Wehear Innovations 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
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Brands
Wehear Innovations operates one associated brand: WeHear. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Bone conduction earphones are offered via an online platform. | wehearglobal.com |
Business activity
The main business activity of Wehear Innovations is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Wehear Innovations Private Limited, buy the company report.
Financials of Wehear Innovations Private Limited
FY 2025 filings availableWehear Innovations Private Limited reported revenue of ₹10.37 Cr (up 141% YoY) for FY 2025.
Revenue · FY 2025
₹10.37 Cr ▲ 141%
Net profit · FY 2025
₹9.74 Lakh margin 0.9%
EBITDA · FY 2025
₹46.27 Lakh margin 4.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 141%
EBITDA CAGR growth
1 year
▲ 147%
Revenue rose 141% in the latest year. EBITDA rose 147% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹10.37 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹46.27 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.74 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 | |||||
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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 | 4.5% | ||||
| Net Profit Margin | 0.9% | ||||
| 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 Wehear Innovations Private Limited, buy the company report.
Board of directors of Wehear Innovations Private Limited
Wehear Innovations has 8 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kevin Dineshbhai Narola | Director | 03 Nov 2022 | 4 Years 0 Months | Current |
| Harbir Singh Banga | Director | 04 Aug 2021 | 5 Years 3 Months | Current |
| Kanishka Rakeshkumar Patel | Managing Director | 26 Feb 2021 | 5 Years 8 Months | Current |
| Raj Vijay Shah Also directs: Cosmo Naturalcare LLP, Royal Gabat Food Science and Technology LLP, Wehear Hearing Solutions LLP and 4 more | Director | 21 Apr 2021 | 5 Years 6 Months | Current |
| Devang Mahendra Brahmbhatt Also directs: Plexus Enterprises LLP, Trivento Foods LLP | Director | 03 Nov 2022 | 4 Years 0 Months | Current |
| Jitendrakumar Amritlal Shah | Director | 30 Jun 2025 | 1 Years 4 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
Wehear Innovations Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Nirvana Lighting Private Limited | ₹10.57 Cr (FY 2025) | -25.0% | Mumbai, Maharashtra, India | |||
| Goodnick Electronics Private Limited | ₹10.5 Cr (FY 2025) | 87.0% | Delhi, India | |||
| Ecolux India Private Limited | ₹10.49 Cr (FY 2024) | -28.0% | Mumbai, Maharashtra, India | |||
| Newbie Technology Private Limited | ₹10.49 Cr (FY 2025) | 47.0% | Jamnagar, Gujarat, India | |||
| Subh Irrigation Private Limited | ₹10.46 Cr (FY 2025) | 7.0% | Pali, Rajasthan, India | |||
| Wehear Innovations Private Limitedthis company | ₹10.37 Cr (FY 2025) | ₹9.74 Lakh | 0.9% | 141.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Wehear Innovations Private Limited, buy the company report.
Auditor
Wehear Innovations Private Limited is audited by M A A K & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M A A K & ASSOCIATES | FY 2023 | 135024W |
Shareholding
The shareholding of Wehear Innovations Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Wehear Innovations Private Limited, buy the company report.
Deals & funding
Wehear Innovations Private Limited has 10 deals on record (5 funding rounds, 3 secondary share transfers, 2 debt financings), with disclosed funding of ₹16.75 Cr; the latest was in January 2024.
Total deals
10
Funding rounds
5
Secondary share transfers
3
Debt financings
2
Disclosed funding
₹16.75 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2024 | Funding round | ₹2.5 Cr | Investors: an individual |
| Dec 2023 | Funding round | ₹8 Cr | Investors: an individual |
| Feb 2022 | Funding round | ₹50 Lakh | Investors: Victora Stock-Invest Private Limited |
| Dec 2021 | Debt financing | ₹12.5 Lakh | Investors: GUSEC Seed Fund |
| Jun 2021 | Funding round | ₹50 Lakh | Investors: Victora Stock-Invest Private Limited |
To see the full deal history of Wehear Innovations Private Limited, buy the company report.
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 Wehear Innovations 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 Wehear Innovations Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Wehear Innovations Private Limited has 1 active EPFO establishment as of Apr 06, 2024.
Active EPFO establishments
1
GST
Wehear Innovations has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCW8915D1ZE | Gujarat | Active | 11 Jun 2021 |
To see the full GST registrations and return filing status of Wehear Innovations Private Limited, buy the company report.
Recent activity
Wehear Innovations Private Limited has 14 board changes on record since 2021: 8 appointments and 6 cessations. The latest: Jitendrakumar Amritlal Shah was appointed as Director on 30 Jun 2025.
AGM
Wehear Innovations Private Limited last Annual general meeting of members was held on 30 Jun 2025 as per latest MCA records.
Appointed
Jitendrakumar Amritlal Shah was appointed as Director.
Filing
Wehear Innovations Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Appointed
Kirit Harilal Shah was appointed as Director.
Appointed
Peyush Bansal was appointed as Director.
Ceased
Devangbhai Mahendrabhai Brambhatt ceased to be Additional Director.
Ceased
Kevin Dineshbhai Narola ceased to be Additional Director.
Appointed
Devang Mahendra Brahmbhatt was appointed as Director.
Appointed
Kevin Dineshbhai Narola was appointed as Director.
Ceased
Harbir Singh Banga ceased to be Additional Director.
Ceased
Raj Vijay Shah ceased to be Additional Director.
Appointed
Harbir Singh Banga was appointed as Director.
5 earlier events are in the company report.
Frequently asked questions
Wehear Innovations is an active private limited company based in Ahmedabad, Gujarat, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 26 February 2021 (5+ years old) and is registered under CIN U31909GJ2021PTC120671.
Wehear Innovations has 8 current directors:
- Kanishka Rakeshkumar Patel - Managing Director
- Kevin Dineshbhai Narola - Director
- Harbir Singh Banga - Director
- Raj Vijay Shah - Director
- Devang Mahendra Brahmbhatt - Director
- Jitendrakumar Amritlal Shah - Director
- Kirit Harilal Shah - Director
- Peyush Bansal - Director
The latest financial statements of Wehear Innovations on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 June 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Wehear Innovations is 24AACCW8915D1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Wehear Innovations is U31909GJ2021PTC120671. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wehear Innovations was incorporated on 26 February 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Wehear Innovations has 10 deals on record (5 funding rounds, 3 secondary share transfers, 2 debt financings), with disclosed funding of ₹16.75 Cr; the latest was in January 2024.
The peers of Wehear Innovations by revenue are Nirvana Lighting Private Limited, Goodnick Electronics Private Limited, Ecolux India Private Limited, Newbie Technology Private Limited, Subh Irrigation Private Limited, all in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Jitendrakumar Amritlal Shah was appointed as Director on 30 Jun 2025. Kirit Harilal Shah was appointed as Director on 24 Dec 2024. Peyush Bansal was appointed as Director on 31 Aug 2024. Wehear Innovations has 14 board changes on record in total.
Yes, Wehear Innovations is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Wehear Innovations is registered as an MSME under Udyam registration (number: UDYAM-GJ-01-0062716).
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