About iWare Supplychain Services
iWare Supplychain Services is a publicly listed company based in Ahmedabad (India) founded in 2018. Integrated logistics and warehousing solutions are provided to clients. The company has 188 employees. Its chief executive, as recorded, is Twinkle Tanwar. Its website iware.co.in draws about 11 thousand monthly visits. Its Indian entity Iware Supplychain Services Limited reported revenue of ₹258 Cr. iWare Supplychain Services offers products and services including Warehousing and 3PL Services and Transportation Services. Its focus areas include Business Services, Supply Chain Services and Logistics.
Company details
The company was founded in 2018 in Ahmedabad, India, within the supply chain management sector. Third-party logistics services are offered, alongside warehousing, transportation, and rake handling for rail-based goods movement. Business auxiliary support is extended to original equipment manufacturers for production and assembly processes. Warehouse operations are overseen, including storage, distribution, receipt, inspection, and dispatch of goods to specified sites. Operations emphasize efficiency and safety across these areas.
- Headquarters Ahmedabad, India
- Employees 188
- Stage Public
- SectorsTransportation, Automotive & Logistics
- Website iware.co.in
- Social LinkedIn
- Legal Name Iware Supplychain Services Limited
- Market Cap₹403 Cr
IWARE-ST · NSE
- Share Price₹357.95
+2.13% today
- Revenue₹258 Cr
FY 2025-26 · +200.2% YoY
- EBITDA₹29.27 Cr
Margin 11.4%
- Net Profit₹14.38 Cr
FY 2025-26 · +79.1% YoY
- P/E (TTM)28.8x
P/B 5.5x
- ROE41.9%
ROCE 28.3%
- Debt / Equity1.39
Interest cover 19.4x
- Employee Count188
Associated legal entities of iWare Supplychain Services
iWare Supplychain Services operates through Iware Supplychain Services Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Iware Supplychain Services Limited Listed CIN L63090GJ2018PLC100589 | Active | 17 Jan 2018 | Ahmedabad, Gujarat | ₹258 Cr | 188 | 10 | View details |
Products & Services of iWare Supplychain Services
iWare Supplychain Services offers a comprehensive portfolio of products and services, including Warehousing and 3PL Services and Transportation Services.
Warehousing and third-party logistics services are managed across multiple states, handling storage, distribution, and operations for clients.
Transportation and carrying & forwarding services are offered, facilitating the movement of goods from various locations to designated destinations.
Board of directors of Iware Supplychain Services Limited (iWare Supplychain Services)
Iware Supplychain Services Limited is the primary company behind iWare Supplychain Services. The board of Iware Supplychain Services Limited currently have 7 directors; the longest-serving is Rajnish Gautam, appointed in 2018. 4 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rajnish Gautam DIN 03494830 | Whole-time director | 17 Jan 2018 | 8 yrs 9 mo | Iware Supplychain Services Limited |
| Krishnakumar Jagadishprasad Tanwar DIN 03494825 | Managing Director | 17 Jan 2018 | 8 yrs 9 mo | Iware Supplychain Services Limited |
| Divya Vikas Tanwar DIN 10628653 | Director | 23 Sep 2024 | 2 yrs 1 mo | Iware Supplychain Services Limited |
| Sarang Vishnupant Jagtap DIN 05215971 | Director | 29 Nov 2024 | 1 yr 10 mo | Iware Supplychain Services Limited |
| Lakshman Thakur DIN 10806390 | Director | 29 Nov 2024 | 1 yr 10 mo | Iware Supplychain Services Limited |
| Mukesh Chandra DIN 11473766 | Director | 09 Jan 2026 | 9 mo | Iware Supplychain Services Limited |
| Vikas Krishnakumar Tanwar DIN 08222269 | Managing Director | 09 Jan 2026 | 9 mo | Iware Supplychain Services Limited |
People of iWare Supplychain Services
1 people are tracked at iWare Supplychain Services (1 in leadership); the tracked headcount is 188.
| Name | Role | Group |
|---|---|---|
Twinkle Tanwar | CEO | Leadership |
Complete people profiles for iWare Supplychain Services
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of iWare Supplychain Services
iWare Supplychain Services is a publicly listed company on the NSE with ticker symbol IWARE in India, operating in the Transportation sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date06 May 2025
- Listed onNSE: IWARE
- Listed entityIware Supplychain Services Limited
- Exchange sectorTransportation
- ISININE1AII01014
- Share price₹343.00 (+0.34% on the day) · 2026-10-14
- Market capitalisation₹393 Cr
- Price to earnings24.4
- EPS (diluted, trailing year)₹14.06
- Dividend yield0.29%
- Volume (last session)13,800
Financials of iWare Supplychain Services
Exchange-reported figures of Iware Supplychain Services Limited, the listed company behind iWare Supplychain Services (NSE: IWARE-ST).
Financial Highlights
FY 2025-26 · StandaloneRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 258 | 85.82 | 58.71 | 43.55 | 24.35 | 18.91 |
| Revenue growth | +200.2% | +46.2% | +34.8% | +78.9% | +28.8% | - |
| EBITDA | 29.27 | 17.05 | 10.90 | 6.28 | 3.07 | 2.19 |
| EBITDA margin | +11.4% | +19.9% | +18.6% | +14.4% | +12.6% | +11.6% |
| Profit before tax | 19.95 | 10.86 | 5.35 | 0.92 | 1.37 | 1.44 |
| Net profit | 14.38 | 8.03 | 4.16 | 0.44 | 0.98 | 1.05 |
| Net profit margin | +5.6% | +9.4% | +7.1% | +1.0% | +4.0% | +5.6% |
| EPS (₹) | 14.06 | 10.20 | 4,169.60 | 422.90 | 966.30 | 1,058.74 |
| Balance sheet | ||||||
| Total assets | 127 | 46.76 | 34.19 | 31.92 | 27.38 | 20.45 |
| Net worth | 55.73 | 16.19 | 8.17 | 4.00 | 3.57 | 2.61 |
| Total debt | 70.17 | 29.73 | 25.34 | 27.34 | 23.29 | 17.67 |
| Cash & bank | 10.90 | 4.24 | 2.58 | 0.97 | 1.27 | 1.13 |
| Net working capital | 63.37 | 17.33 | 7.94 | 6.60 | 3.60 | 8.49 |
| Cash flow | ||||||
| Cash from operations | (19.80) | 5.97 | 9.74 | 2.47 | 8.25 | (2.73) |
| Cash from investing | (44.64) | (5.90) | (3.32) | (4.13) | (12.65) | (5.81) |
| Cash from financing | 63.50 | 1.50 | (4.81) | 1.36 | 4.55 | 8.09 |
Financial Statements
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 258 | 85.82 | 58.71 | 43.55 | 24.35 | 18.91 |
| Revenue growth | +200.2% | +46.2% | +34.8% | +78.9% | +28.8% | - |
| Other income | 0.72 | 0.29 | 0.06 | 0.17 | 0.07 | 0.06 |
| Total expenses | 228 | 68.77 | 47.81 | 37.27 | 21.28 | 16.72 |
| Employee cost | 13.37 | 8.05 | 6.96 | 5.80 | 5.74 | 4.31 |
| EBITDA | 29.27 | 17.05 | 10.90 | 6.28 | 3.07 | 2.19 |
| EBITDA margin | +11.4% | +19.9% | +18.6% | +14.4% | +12.6% | +11.6% |
| Depreciation | 5.42 | 3.54 | 2.77 | 2.78 | 0.67 | 0.08 |
| Interest | 4.62 | 2.94 | 2.84 | 2.75 | 1.10 | 0.73 |
| Profit before tax | 19.95 | 10.86 | 5.35 | 0.92 | 1.37 | 1.44 |
| Tax | 4.89 | 2.83 | 1.19 | 0.48 | 0.39 | 0.39 |
| Net profit | 14.38 | 8.03 | 4.16 | 0.44 | 0.98 | 1.05 |
| Net profit margin | +5.6% | +9.4% | +7.1% | +1.0% | +4.0% | +5.6% |
| EPS (₹) | 14.06 | 10.20 | 4,169.60 | 422.90 | 966.30 | 1,058.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 10.72 | 7.86 | 0.01 | 0.01 | 0.01 | 0.01 |
| Reserves & surplus | 45.01 | 8.33 | 8.16 | 3.99 | 3.56 | 2.60 |
| Shareholders' funds (net worth) | 55.73 | 16.19 | 8.17 | 4.00 | 3.57 | 2.61 |
| Secured loans | 70.17 | 29.71 | 24.84 | 25.11 | 17.14 | 10.67 |
| Unsecured loans | 0.00 | 0.02 | 0.50 | 2.23 | 6.15 | 7.00 |
| Total debt | 70.17 | 29.73 | 25.34 | 27.34 | 23.29 | 17.67 |
| Total liabilities | 127 | 46.76 | 34.19 | 31.92 | 27.38 | 20.45 |
| Assets | ||||||
| Gross block | 63.49 | 35.59 | 28.67 | 28.57 | 24.40 | 11.70 |
| Net block | 48.17 | 25.69 | 22.31 | 24.97 | 23.59 | 11.56 |
| Capital work in progress | 12.21 | 2.41 | 3.28 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 59.96 | 14.06 | 8.68 | 8.28 | 3.18 | 4.25 |
| Cash & bank balances | 10.90 | 4.24 | 2.58 | 0.97 | 1.27 | 1.13 |
| Loans & advances | 25.66 | 9.22 | 9.31 | 4.70 | 5.94 | 5.05 |
| Total current assets | 96.52 | 27.52 | 20.57 | 13.95 | 10.39 | 10.43 |
| Total current liabilities | 33.15 | 10.19 | 12.63 | 7.35 | 6.79 | 1.94 |
| Net working capital | 63.37 | 17.33 | 7.94 | 6.60 | 3.60 | 8.49 |
| Total assets | 127 | 46.76 | 34.19 | 31.92 | 27.38 | 20.45 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 4.14 | 2.58 | 0.97 | 1.27 | 1.13 | 1.57 |
| Net cash from operating activities | (19.80) | 5.97 | 9.74 | 2.47 | 8.25 | (2.73) |
| Net cash from investing activities | (44.64) | (5.90) | (3.32) | (4.13) | (12.65) | (5.81) |
| Net cash from financing activities | 63.50 | 1.50 | (4.81) | 1.36 | 4.55 | 8.09 |
| Net change in cash | (0.94) | 1.56 | 1.61 | (0.31) | 0.15 | (0.45) |
| Closing cash | 10.90 | 4.24 | 2.58 | 0.97 | 1.27 | 1.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +200.2% | +46.2% | +34.8% | +78.9% | +28.8% | - |
| EBITDA growth | +71.7% | +56.4% | +73.6% | +104.6% | +40.2% | - |
| PBT growth | +83.7% | +103.0% | +481.5% | -32.9% | -4.9% | +9997.0% |
| Net income growth | +79.1% | +93.0% | +845.5% | -55.1% | -6.7% | - |
| Revenue CAGR (3Y) | +80.9% | +52.2% | +45.9% | - | - | - |
| EBITDA CAGR (3Y) | +67.0% | +77.1% | +70.7% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +5.8% | +9.4% | +7.1% | +1.0% | +4.0% | +5.6% |
| Return on capital employed | +28.3% | +34.1% | +24.8% | +12.4% | +10.3% | +10.7% |
| Return on net worth | +41.9% | +65.9% | +68.5% | +11.1% | +31.4% | +40.6% |
| Debt / equity | 1.39 | 2.26 | 4.33 | 6.69 | 6.63 | 6.77 |
| Long-term debt / equity | 0.74 | 1.35 | 2.80 | 4.95 | 5.51 | 6.23 |
| Interest cover | 19.37 | 21.76 | 34.93 | 78.57 | 45.83 | 34.60 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 5.20 | 2.67 | 2.05 | 1.64 | 1.35 | 1.62 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 6.96 | 7.55 | 6.92 | 7.60 | 6.55 | 4.45 |
| EPS (₹) | 14.06 | 10.20 | 4,169.60 | 422.90 | 966.30 | 1,058.74 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 52.00 | 20.59 | 8,166.90 | 3,997.30 | 3,574.40 | 2,608.09 |
Web traffic of iWare Supplychain Services
The website of iWare Supplychain Services (iware.co.in) receives about 11.5K visits a month.
- Monthly visits11.5K
▲ 522% vs previous month
Top companies in Supply Chain Services
2 companies that operate in the same segment as iWare Supplychain Services (Supply Chain Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Sustainable supply chain solutions are delivered via asset pooling. | 2013 | Mumbai, Maharashtra, India | USD 214.47 M | USD 30.93 M | 246 | |
Integrated supply chain and mobility solutions are provided globally. | 2009 | Mumbai, Maharashtra, India | USD 33.05 M | USD 745.97 M | 4,100 |
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Frequently Asked Questions about iWare Supplychain Services
iWare Supplychain Services was founded in 2018.
iWare Supplychain Services is headquartered in Ahmedabad, India. It is registered at Ahmedabad, Gujarat, India.
Twinkle Tanwar is the CEO of iWare Supplychain Services, as recorded in our data.
iWare Supplychain Services has 188 employees.
The primary company behind iWare Supplychain Services, Iware Supplychain Services Limited, reported revenue of ₹258 Cr for FY 2026, up 200% year on year.
The company was founded in 2018 in Ahmedabad, India, within the supply chain management sector. Third-party logistics services are offered, alongside warehousing, transportation, and rake handling for rail-based goods movement. Business auxiliary support is extended to original equipment manufacturers for production and assembly processes. Warehouse operations are overseen, including storage, distribution, receipt, inspection, and dispatch of goods to specified sites. Operations emphasize efficiency and safety across these areas.
iWare Supplychain Services offers Warehousing and 3PL Services and Transportation Services.
Yes, iWare Supplychain Services is publicly traded on NSE under the ticker symbol IWARE.
iWare Supplychain Services operates through Iware Supplychain Services Limited.
The legal entities of iWare Supplychain Services currently have 10 directors, including Rajnish Gautam, Krishnakumar Jagadishprasad Tanwar, Mukesh Chandra and others.