DPIIT recognised startup Government of India
Startup India
Weverve Systems Private Limited - information technology in Kothrud, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.02 Cr
▲ 4% YoY
Net profit · FY 2024
₹20.22 Lakh
Net margin 10%
EBITDA · FY 2024
₹26.79 Lakh
EBITDA margin 13.2%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Employees · EPFO
13
Provident fund records
Directors on board
2
As per MCA filings
About Weverve Systems Private Limited
Data last updated:
Weverve Systems Private Limited is a private limited company based in Kothrud, Maharashtra, India, recognised as a startup by DPIIT. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 20 June 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2020PTC191400. Its GSTIN is 27AACCW6639C1Z9 (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Kailas Baban Shinde and Suresh Baban Shinde.
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 Flno 5 Sno 88 5/6 Ishwar Parvati Opp Sutar Davakhana, Kothrud, Maharashtra, India – 411038.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.02 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹20.22 Lakh (net margin 10%) and EBITDA of ₹26.79 Lakh (EBITDA margin 13.2%). Revenue has grown at a compounded annual rate (CAGR) of 116% over three years.
The company has about 13 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: WeVerve Systems.
For more details, the company can be reached via its website weverve.com.
Company details
CIN U72900PN2020PTC191400
Registration Number 191400
Incorporation Date 20 June 2020
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Weverve Systems
Contact details
Weverve Systems Private Limited's registered office is in Kothrud, Maharashtra. Its website is weverve.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlno 5 Sno 88 5/6 Ishwar Parvati Opp Sutar Davakhana, Kothrud, Maharashtra, India – 411038
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Weverve Systems Private Limited, buy the company report.
Comprehensive company report
Weverve Systems 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Weverve Systems operates one associated brand: WeVerve Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers software development, e-commerce solutions, and consulting for businesses. | weverve.com |
Business activity
The main business activity of Weverve Systems is professional, scientific and technical. In detail, this covers specialized design & photographic activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M7 | Specialized Design & Photographic activities |
To see the full business activity and turnover split of Weverve Systems Private Limited, buy the company report.
Financials of Weverve Systems Private Limited
FY 2025 filings availableWeverve Systems Private Limited reported revenue of ₹2.02 Cr (up 4% YoY) for FY 2024.
Revenue · FY 2024
₹2.02 Cr ▲ 4%
Net profit · FY 2024
₹20.22 Lakh margin 10%
EBITDA · FY 2024
₹26.79 Lakh margin 13.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 4%
3 years · compounded
▲ 116%
EBITDA CAGR growth
1 year
▲ 34%
3 years · compounded
▲ 88%
Revenue has grown at a compounded annual rate (CAGR) of 116% over three years, including 4% growth in the latest year. EBITDA rose 34% 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
| 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 | ₹26.79 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹20.22 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 13.2% | |||
| Net Profit Margin | 10% | |||
| 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 Weverve Systems Private Limited, buy the company report.
Board of directors of Weverve Systems Private Limited
Weverve Systems has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kailas Baban Shinde | Director | 20 Jun 2020 | 6 Years 4 Months | Current |
| Suresh Baban Shinde | Director | 20 Jun 2020 | 6 Years 4 Months | Current |
Peer comparison
Weverve Systems Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (specialized design & photographic activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kettles Talent Networks Private Limited | ₹2.08 Cr (FY 2024) | 70.0% | Bangalore, Karnataka, India | |||
| Vision Printek Private Limited | ₹2.07 Cr (FY 2023) | 5.0% | Mohali, Punjab, India | |||
| Leela Radha Ads Private Limited | ₹2.03 Cr (FY 2024) | -13.0% | Hyderabad, Telangana, India | |||
| Riora Private Limited | ₹2.03 Cr (FY 2023) | 91.0% | Coimbatore, Tamil Nadu, India | |||
| Rhombic Ventures Private Limited | ₹2.03 Cr (FY 2024) | 30.0% | Rajkot, Gujarat, India | |||
| Weverve Systems Private Limitedthis company | ₹2.02 Cr (FY 2024) | ₹20.22 Lakh | 10% | 4.0% | 13 | Kothrud, Maharashtra, India |
| Animotion Studios Private Limited | ₹2.02 Cr (FY 2025) | 10.0% | Hyderabad, Telangana, India | |||
| Ziegler Aerospace Private Limited | ₹2.02 Cr (FY 2025) | 73.0% | Hyderabad, Telangana, India | |||
| Aarutha Lifesciences Private Limited | ₹2 Cr (FY 2025) | Bangalore, Karnataka, India | ||||
| Singularity Labs Private Limited | ₹1.92 Cr (FY 2024) | -75.0% | Koba, Gujarat, India | |||
| Design Bureau Consultants Private Limited | ₹1.92 Cr (FY 2025) | -17.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Weverve Systems Private Limited, buy the company report.
Auditor
Weverve Systems Private Limited is audited by RONAK GANDHI & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RONAK GANDHI & ASSOCIATES | FY 2023 | 159743W |
Shareholding
The shareholding of Weverve Systems 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 Weverve Systems Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Weverve Systems 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 Weverve Systems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Weverve Systems Private Limited has a workforce of 13 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
13
Active EPFO establishments
1
Employee growth
62.5%
GST
Weverve Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCW6639C1Z9 | Maharashtra | Active | 30 Sep 2020 |
To see the full GST registrations and return filing status of Weverve Systems Private Limited, buy the company report.
Recent activity
Weverve Systems Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Kailas Baban Shinde was appointed as Director on 20 Jun 2020.
AGM
Weverve Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Weverve Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Appointed
Kailas Baban Shinde was appointed as Director.
Appointed
Suresh Baban Shinde was appointed as Director.
Incorporation
20 Jun 2020
Weverve Systems Private Limited was registered on 20 Jun 2020 with Roc Pune & aged 6 years 4 months as per MCA records.
Frequently asked questions
Weverve Systems is an active private limited company based in Kothrud, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 20 June 2020 (6+ years old) and is registered under CIN U72900PN2020PTC191400.
Weverve Systems has 2 current directors:
- Kailas Baban Shinde - Director
- Suresh Baban Shinde - Director
The latest financial statements of Weverve Systems 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 2021 are in the company report.
The GSTIN of Weverve Systems is 27AACCW6639C1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Weverve Systems is U72900PN2020PTC191400. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Weverve Systems was incorporated on 20 June 2020, making it 6+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Weverve Systems by revenue are Kettles Talent Networks Private Limited, Vision Printek Private Limited, Leela Radha Ads Private Limited, Riora Private Limited, Rhombic Ventures Private Limited and 5 more, all in the same principal business activity (specialized design & photographic activities).
Kailas Baban Shinde was appointed as Director on 20 Jun 2020. Suresh Baban Shinde was appointed as Director on 20 Jun 2020.
Yes, Weverve Systems is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Weverve Systems can be reached through the website weverve.com. Its registered office is in Kothrud, Maharashtra, India.
The registered office of Weverve Systems is at Flno 5 Sno 88 56 Ishwar Parvati Opp Sutar Davakhana, Kothrud, Maharashtra, India – 411038.