About Woav Innovation Private Limited
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Woav Innovation Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the handicrafts and artisan products manufacturing segment of the home and lifestyle products sector. It was incorporated on 11 December 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U52399KA2015PTC084677. Its GSTIN is 08AABCW7379N1ZG (Rajasthan). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Pradeep Pravesh and Raj Ravindra Kumar.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.12 Cr, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹46.6 Lakh (net margin -41.6%) and EBITDA of -₹42.01 Lakh (EBITDA margin -37.5%). Revenue has grown at a compounded annual rate (CAGR) of 73% over three years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website woavin.com.
Company details
Contact details
Woav Innovation Private Limited's registered office is in Bangalore, Karnataka. Its website is woavin.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address#79 Old # B 131 3rd Main Dduttl Pennay Industrial Suburb Yeshwa, Nthpur, Bangalore, Karnataka, India – 560022
- IndustryHome & Lifestyle, Handicrafts & Artisan Products Manufacturing
To see the full contact details of Woav Innovation 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 Woav Innovation is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products |
To see the full business activity and turnover split of Woav Innovation Private Limited, buy the company report.
Financials of Woav Innovation Private Limited
FY 2019 filings availableWoav Innovation Private Limited reported revenue of ₹1.12 Cr (up 14% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 73% over three years, including 14% growth in the latest year. EBITDA rose 33% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹1.12 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹42.01 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹46.6 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -37.5% | |||
| Net Profit Margin | -41.6% | |||
| 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 Woav Innovation Private Limited, buy the company report.
Board of directors of Woav Innovation Private Limited
Woav Innovation has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pradeep Pravesh | Director | 11 Dec 2015 | 10 Years 10 Months | Current |
| Raj Ravindra Kumar | Director | 11 Dec 2015 | 10 Years 10 Months | Current |
| Kanchan Jangid | Director | 30 Sep 2017 | 9 Years 1 Months | Current |
| Saroj | Director | 30 Sep 2017 | 9 Years 1 Months | Current |
Peer comparison
Woav Innovation Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Products industry (Handicrafts Manufacturers), with the same principal business activity (wood and wood products, furniture, paper and paper products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indo Toyotronix Pvt Ltd | ₹1.18 Cr (FY 2025) | 1.0% | Rajasthan, India | |||
| Woav Innovation Private Limitedthis company | ₹1.12 Cr (FY 2019) | -₹46.6 Lakh | -41.6% | 14.0% | Bangalore, Karnataka, India | |
| Anantshanti Lifestyle Private Limited | ₹1.1 Cr (FY 2025) | -2.0% | Jodhpur, Rajasthan, India | |||
| Flyguise Apparels Company Private Limited | ₹1.06 Cr (FY 2025) | 12.0% | Chandigarh, India |
To see the full peer comparison of Woav Innovation Private Limited, buy the company report.
Auditor
Woav Innovation Private Limited is audited by Chopda & Kataria for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Chopda & Kataria | FY 2017 | 226765 |
Shareholding
The shareholding of Woav Innovation Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Woav Innovation Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Woav Innovation 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 Woav Innovation Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Woav Innovation has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AABCW7379N1ZG | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Woav Innovation Private Limited, buy the company report.
Recent activity
Woav Innovation Private Limited has 4 board changes on record since 2015: 4 appointments. The latest: Kanchan Jangid was appointed as Director on 30 Sep 2017.
Frequently asked questions
Woav Innovation is an active private limited company based in Bangalore, Karnataka, India. The company works in handicrafts and artisan products manufacturing, within the home and lifestyle industry. It was incorporated on 11 December 2015 (11+ years old) and is registered under CIN U52399KA2015PTC084677.
Woav Innovation has 4 current directors:
- Pradeep Pravesh - Director
- Raj Ravindra Kumar - Director
- Kanchan Jangid - Director
- Saroj - Director
The latest financial statements of Woav Innovation on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 September 2019. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Woav Innovation is 08AABCW7379N1ZG, registered in Rajasthan. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Woav Innovation is U52399KA2015PTC084677. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Woav Innovation was incorporated on 11 December 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Woav Innovation by revenue are Indo Toyotronix Pvt Ltd, Anantshanti Lifestyle Private Limited, Flyguise Apparels Company Private Limited, all in the Consumer Products industry (Handicrafts Manufacturers), with the same principal business activity (wood and wood products, furniture, paper and paper products).
Kanchan Jangid was appointed as Director on 30 Sep 2017. Saroj was appointed as Director on 30 Sep 2017. Pradeep Pravesh was appointed as Director on 11 Dec 2015. Woav Innovation has 4 board changes on record in total.
Woav Innovation can be reached through the website woavin.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Woav Innovation is at #79 Old # B 131 3rd Main Dduttl Pennay Industrial Suburb Yeshwa, Nthpur, Bangalore, Karnataka, India – 560022.
Woav Innovation operates in the home and lifestyle industry, in the handicrafts and artisan products manufacturing segment.
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