About Ashva Wearable Technologies Private Limited
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Ashva Wearable Technologies Private Limited is a private limited company based in Hyderabad, Telangana, India, recognised as a startup by DPIIT. It operates in the healthtech and medical tech solutions segment of the healthcare sector. It was incorporated on 01 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U85100TG2019PTC130221. Its GSTIN is 36AARCA8770B1ZF (Telangana).
The company has an authorised share capital of ₹10.5 Lakh and a paid-up capital of ₹1.49 Lakh. It is led by directors Anmol Ajay Saxena and Meenu Saxena.
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 Door No. 1 – 60/8 A And B 3rd Floor, Knr Square Opp The Platina Kondapur Hyderabad, Telangana, India – 500032.
As per the financials filed for FY 2024, the company reported a revenue of ₹53.64 Lakh, a growth of 133% compared to the previous year. For the same year it recorded a net loss of ₹61.92 Lakh (net margin -115.5%) and EBITDA of -₹79.91 Lakh (EBITDA margin -149%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years.
The company is associated with 2 brands: Fitknees and Ashva Wear Tech.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ashvaweartech.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressDoor No. 1 – 60/8 A And B 3rd Floor, Knr Square Opp The Platina Kondapur Hyderabad, Telangana, India – 500032
- IndustryHealthcare, HealthTech & Medical Tech Solutions, Medical & Laboratory 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
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Business Activity of Ashva Wearable Technologies Private Limited
The main business activity of Ashva Wearable Technologies is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. 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 Ashva Wearable Technologies Private Limited FY 2025 filings available
Ashva Wearable Technologies Private Limited reported revenue of ₹53.64 Lakh (up 133% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Ashva Wearable Technologies Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 21% over three years, including 133% growth in the latest year. EBITDA rose 6% 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 Ashva Wearable Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹79.91 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹61.92 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 | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ashva Wearable Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -149% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -115.5% | •••• | •••• | •••• | •••• |
| 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 Ashva Wearable Technologies are in the company report.
Financial statements from FY 2019
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 Ashva Wearable Technologies Private Limited
Ashva Wearable Technologies Private Limited is compared with the companies closest to it by revenue in the Healthcare industry (Healthcare Technology, Medical and Laboratory Equipment). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gladon Hospital Suppliers Private Limited | ₹54.6 Lakh (FY 2022) | •••• | •••• | 1362.0% | •••• | Chennai, Tamil Nadu, India |
| Pharma Vigil and Allied Services (OPC) Private Limited | ₹54.18 Lakh (FY 2025) | •••• | •••• | -36.0% | •••• | Bhopal, Madhya Pradesh, India |
| Madvr Solutions Private Limited | ₹54.09 Lakh (FY 2025) | •••• | •••• | •••• | Guwahati, Assam, India | |
| Airklenz Enviro Systems (India) Private Limited | ₹54 Lakh (FY 2024) | •••• | •••• | -11.0% | •••• | Chennai, Tamil Nadu, India |
| Indicare Health Solutions Private Limited | ₹53.96 Lakh (FY 2025) | •••• | •••• | 178.0% | •••• | New Delhi, Delhi, India |
| Ashva Wearable Technologies Private Limited this company | ₹53.64 Lakh (FY 2024) | •••• | •••• | 133.0% | •••• | Hyderabad, Telangana, India |
| Ramkhiladi Singh Yadav Healthcare Private Limited | ₹53.49 Lakh (FY 2025) | •••• | •••• | 354.0% | •••• | Gunnour, Uttar Pradesh, India |
| Seagull Biosolutions Private Limited | ₹53.45 Lakh (FY 2025) | •••• | •••• | -69.0% | •••• | Pune, Maharashtra, India |
| Spot Healthcare Solutions Private Limited | ₹53.38 Lakh (FY 2024) | •••• | •••• | 56.0% | •••• | Bokaro, Jharkhand, India |
| Vibronics Lab Private Limited | ₹53.31 Lakh (FY 2024) | •••• | •••• | 1.0% | •••• | Delhi, India |
| Chowgule Mediconsult Private Limited | ₹53.22 Lakh (FY 2025) | •••• | •••• | -18.0% | •••• | Goa, India |
Peers are the five companies nearest above and the five nearest below Ashva Wearable Technologies by revenue in the Healthcare industry (Healthcare Technology, Medical and Laboratory Equipment), 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 Ashva Wearable Technologies Private Limited
Ashva Wearable Technologies Private Limited is audited by ADITHYA BHARADWAJ & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ADITHYA BHARADWAJ & CO | 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 Ashva Wearable Technologies Private Limited
Ashva Wearable Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anmol Ajay Saxena | Director | 01 Feb 2019 | 7 Years 8 Months | Current |
| Meenu Saxena | Director | 01 Nov 2021 | 4 Years 11 Months | Current |
Ownership and Shareholding of Ashva Wearable Technologies 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 Ashva Wearable Technologies Private Limited
Ashva Wearable Technologies Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Ashva Wearable Technologies Private Limited
Ashva Wearable Technologies operates two associated brands: Fitknees and Ashva Wear Tech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides a remote monitoring device for knee injury rehabilitation to healthcare providers. | fitknees.in | |
| A knee-wearable device is developed to monitor osteoarthritis progress. | ashvaweartech.com |
Employees and EPFO Compliance at Ashva Wearable Technologies Private Limited
Employment history and EPFO contributions of people linked to Ashva Wearable Technologies.
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 Ashva Wearable Technologies Private Limited
Ashva Wearable Technologies Private Limited has 4 board changes on record since 2019: 2 appointments and 2 cessations. The latest: Sathiyanarayanan ceased to be Director on 08 May 2022.
Credit Ratings, Litigation & Regulatory Alerts for Ashva Wearable Technologies 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 Ashva Wearable Technologies 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
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Subsidiaries & Group Companies of Ashva Wearable Technologies 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 Ashva Wearable Technologies Private Limited
Ashva Wearable Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AARCA8770B1ZF | Telangana | Active | 13 May 2019 |
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 Ashva Wearable Technologies 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 Ashva Wearable Technologies Private Limited
Ashva Wearable Technologies is an active private limited company based in Hyderabad, Telangana, India. The company works in healthtech and medical tech solutions, within the healthcare industry. It was incorporated on 01 February 2019 (7+ years old) and is registered under CIN U85100TG2019PTC130221.
Ashva Wearable Technologies reported revenue of ₹53.64 Lakh for FY 2024 (up 133% YoY).
Ashva Wearable Technologies has 2 current directors:
- Anmol Ajay Saxena - Director
- Meenu Saxena - Director
Ashva Wearable Technologies reported a net loss of ₹61.92 Lakh (net margin -115.5%) and EBITDA of -₹79.91 Lakh (EBITDA margin -149%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ashva Wearable Technologies is 21% over three years. In the latest year (FY 2024) revenue rose 133%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ashva Wearable Technologies is 36AARCA8770B1ZF, registered in Telangana.
The CIN (Corporate Identification Number) of Ashva Wearable Technologies is U85100TG2019PTC130221. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ashva Wearable Technologies was incorporated on 01 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Ashva Wearable Technologies by revenue are Gladon Hospital Suppliers Private Limited, Pharma Vigil and Allied Services (OPC) Private Limited, Madvr Solutions Private Limited, Airklenz Enviro Systems (India) Private Limited, Indicare Health Solutions Private Limited and 5 more, all in the Healthcare industry (Healthcare Technology, Medical and Laboratory Equipment).
Sathiyanarayanan ceased to be Director on 08 May 2022. Meenu Saxena was appointed as Director on 01 Nov 2021. Goluguri Sandeep Reddy ceased to be Director on 30 Mar 2021. Ashva Wearable Technologies has 4 board changes on record in total.
Yes, Ashva Wearable Technologies is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).