ShipWaves - 2026 Company Profile, Team & Financials

About ShipWaves

ShipWaves is a publicly listed company based in Mumbai (India) founded in 2015 by Abid Ali, Mohammed Haris, and Sajid Mohammed. It provides digital platforms for freight forwarding and enterprise logistics solutions. It operates on a SaaS and B2B model. The company has 25 employees. Its Indian entity Shipwaves Online Limited reported revenue of ₹92.87 Cr. ShipWaves offers products and services including Digital Freight Forwarding, Enterprise SaaS Solutions, Trade Finance Services, and Warehousing Solutions. Its focus areas include Transportation and Logistics, Freight Forwarding, Digital Logistics and Ocean and Air Cargo.

Company details

Shipwaves operates as a digital freight forwarder platform, enabling online booking, quick quotes, and real-time tracking for ocean, air, and land cargo. It offers additional services like trade finance, warehousing, and customs clearance, primarily through technology-driven interfaces. Based in India and UAE, the company serves businesses by streamlining shipment processes and providing SaaS tools for efficient enterprise management.

Headquarters Mumbai, India
Employees 25
Founders Abid Ali, Mohammed Haris, Sajid Mohammed
Stage Public
Sectors
Transportation, Automotive & Logistics
Website shipwaves.com
Social LinkedIn X Facebook YouTube
Legal Name Shipwaves Online Limited

Operational Areas

Transportation, Automotive & Logistics → Maritime Transport & Shipping

Transportation, Automotive & Logistics → Logistics Technology & Platforms

Key Metrics

Market Cap
₹43.86 Cr
SHIPWAVES · BSE
Share Price
₹3.10
0.00% today
Revenue
₹91.17 Cr
FY 2025-26 · -15.8% YoY
EBITDA
₹8.28 Cr
Margin 9.1%
Net Profit
₹3.58 Cr
FY 2025-26 · -68.8% YoY
P/E (TTM)
12.3x
P/B 0.5x
Employee Count
25

Associated legal entities of ShipWaves

ShipWaves is associated with 2 registered companies on The Company Check; the primary company is Shipwaves Online Limited, a listed company. Each company page carries the filings, financials, charges and directors of that entity.

Legal entity	Status	Incorporated	Registered in	Revenue (FY 2026)	Employees	Directors	Company page
Shipwaves Online Limited Listed CIN L74900KA2015PLC079072	Active	27 Feb 2015	Mangalore, Karnataka	₹92.9 Cr	25	10	View details
Shipwaves Online Private Limited CIN U74900KA2015PLC079072		27 Feb 2015	Mangalore, Karnataka, India				View details

Products & Services of ShipWaves

ShipWaves offers a comprehensive portfolio of products and services, including Digital Freight Forwarding, Enterprise SaaS Solutions, Trade Finance Services, and Warehousing Solutions.

Digital Freight Forwarding

Freight Services

Platform for online booking and tracking of cargo shipments.

Enterprise SaaS Solutions

Software Solutions

Tools for managing enterprise shipments and logistics operations.

Trade Finance Services

Financial Services

Support for trade-related financial transactions and risk management.

Warehousing Solutions

Storage Services

Facilities for secure storage and handling of goods.

Apps and channels of ShipWaves

its YouTube channel Shipwaves Online has 45 subscribers and 4 videos.

Shipwaves Online

YouTube 45 subscribers 4 videos Science & Technology

Open channel

Videos from ShipWaves

The most watched videos on ShipWaves's YouTube channel, Shipwaves Online (45 subscribers). Click a video to play it here.

India's first online freight forwarder - www.shipwaves.com

1.8K views

Shipwaves Mobile App for Shippers

1.5K views

Shipwaves wins Best Logistic Startup Of The Year 2018 | Logistics & Transport Awards 2018

547 views

Meet SIA, our Virtual Interactive Assistant...

138 views

Board of directors of Shipwaves Online Limited (ShipWaves)

Shipwaves Online Limited is the primary company behind ShipWaves. The board of Shipwaves Online Limited currently have 8 directors; the longest-serving is Kalandan Mohammed Haris, appointed in 2015. 4 earlier directors have ceased.

Director	Designation	Appointed	Tenure	Entity
Kalandan Mohammed Haris DIN 03020471	Director	27 Feb 2015	11 yrs 7 mo	Shipwaves Online Limited
Kalandan Mohammed Althaf DIN 03051103	Director	27 Feb 2015	11 yrs 7 mo	Shipwaves Online Limited
Bibi Hajira DIN 07008483	Whole-time director	27 Feb 2015	11 yrs 7 mo	Shipwaves Online Limited
Kalandan Mohammad Arif DIN 03020564	Director	24 Jan 2025	1 yr 9 mo	Shipwaves Online Limited
Karkala Shankar Balachandra Rao DIN 03589394	Director	24 Jan 2025	1 yr 9 mo	Shipwaves Online Limited
Narendra Surendra Kamath DIN 07255904	Director	24 Jan 2025	1 yr 9 mo	Shipwaves Online Limited
Hamad Bava DIN 09448423	Director	24 Jan 2025	1 yr 9 mo	Shipwaves Online Limited
Mohammed Sahim Haris DIN 10922516	Whole-time director	24 Jan 2025	1 yr 9 mo	Shipwaves Online Limited

People of ShipWaves

3 people are tracked at ShipWaves (3 in leadership); the tracked headcount is 25.

Name	Role	Group
Abid Ali	Co-Founder	Leadership
Mohammed Haris	Co-Founder	Leadership
Sajid Mohammed	Co-Founder	Leadership

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Complete people profiles for ShipWaves

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Team structure
Board tenure
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IPO & Listings of ShipWaves

ShipWaves is a publicly listed company on the BSE with ticker symbol SHIPWAVES in India, operating in the Technology services 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 date17 Dec 2025
Listed onBSE: 544646
Listed entityShipwaves Online Limited
Exchange sectorTechnology services
ISININE0O9L01010
Share price₹3.09 (-0.32% on the day) · 2026-10-14
Market capitalisation₹43.7 Cr
Volume (last session)20,000

Financials of ShipWaves

Exchange-reported figures of Shipwaves Online Limited, the listed company behind ShipWaves (BSE: SHIPWAVES).

Financial Highlights

FY 2025-26 · Consolidated

Revenue

₹91.17 Cr

-15.8% YoY

EBITDA

₹8.28 Cr

-56.3% YoY

Profit After Tax

₹3.58 Cr

-68.8% YoY

Net Worth

₹85.19 Cr

+229.3% YoY

Total Assets

₹113 Cr

+82.0% YoY

Total Debt

₹25.49 Cr

-26.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

Metrics	FY 2025-26	FY 2024-25	FY 2023-24
Income statement
Revenue	91.17	108	96.71
Revenue growth	-15.8%	+12.0%	-
EBITDA	8.28	18.96	11.04
EBITDA margin	+9.1%	+17.5%	+11.4%
Profit before tax	3.76	13.67	7.25
Net profit	3.58	11.47	5.84
Net profit margin	+3.9%	+10.6%	+6.0%
EPS (₹)	0.33	1.15	0.62
Balance sheet
Total assets	113	62.32	39.45
Net worth	85.19	25.87	14.82
Total debt	25.49	34.52	24.13
Cash & bank	8.50	3.52	3.22
Net working capital	76.73	41.53	22.37
Cash flow
Cash from operations	(17.93)	(0.31)	2.59
Cash from investing	(21.78)	(6.54)	(11.17)
Cash from financing	40.97	6.89	8.69

Metrics	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Income statement
Revenue	65.01	77.21	65.09	69.31	57.87	42.66
Revenue growth	-15.8%	+18.6%	-6.1%	+19.8%	+35.7%	-
EBITDA	4.98	9.96	6.60	4.07	1.27	0.60
EBITDA margin	+7.7%	+12.9%	+10.1%	+5.9%	+2.2%	+1.4%
Profit before tax	1.45	5.66	3.75	3.05	0.10	0.13
Net profit	1.69	4.18	2.80	2.25	0.07	0.09
Net profit margin	+2.6%	+5.4%	+4.3%	+3.3%	+0.1%	+0.2%
EPS (₹)	0.16	0.44	0.30	0.24	0.01	16.80
Balance sheet
Total assets	97.16	49.98	31.26	22.15	18.57	11.05
Net worth	71.30	16.03	11.84	9.04	6.80	(2.67)
Total debt	25.49	33.66	19.22	13.11	11.77	13.71
Cash & bank	7.03	3.26	3.01	1.49	1.08	0.63
Net working capital	69.40	33.23	20.81	12.42	10.21	4.07
Cash flow
Cash from operations	(25.92)	(3.45)	(0.45)	2.29	(4.34)	(1.21)
Cash from investing	(16.02)	(7.90)	(3.98)	(3.43)	(2.26)	(1.84)
Cash from financing	41.99	11.35	4.32	0.16	6.23	3.60

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 24 Oct 2026

Particulars	FY 2025-26	FY 2024-25	FY 2023-24
Revenue	91.17	108	96.71
Revenue growth	-15.8%	+12.0%	-
Other income	1.70	0.37	0.57
Total expenses	82.89	89.32	85.67
Employee cost	0.00	7.13	7.14
EBITDA	8.28	18.96	11.04
EBITDA margin	+9.1%	+17.5%	+11.4%
Depreciation	2.65	2.16	2.02
Interest	3.57	3.50	2.34
Profit before tax	3.76	13.67	7.25
Tax	(0.10)	1.48	0.96
Net profit	3.58	11.47	5.84
Net profit margin	+3.9%	+10.6%	+6.0%
EPS (₹)	0.33	1.15	0.62

Particulars	FY 2025-26	FY 2024-25	FY 2023-24
Equity & liabilities
Share capital	14.15	9.45	9.45
Reserves & surplus	71.04	16.42	5.37
Shareholders' funds (net worth)	85.19	25.87	14.82
Minority interest	1.93	1.65	0.28
Secured loans	17.31	25.53	19.05
Unsecured loans	8.18	8.99	5.08
Total debt	25.49	34.52	24.13
Total liabilities	113	62.32	39.45
Assets
Gross block	41.80	17.24	18.88
Net block	34.47	12.67	16.03
Capital work in progress	0.46	6.58	1.17
Investments	1.50	1.50	0.00
Inventories	0.00	0.00	0.00
Sundry debtors	17.11	12.78	6.84
Cash & bank balances	8.50	3.52	3.22
Loans & advances	70.80	44.72	26.73
Total current assets	96.41	61.02	36.79
Total current liabilities	19.68	19.49	14.42
Net working capital	76.73	41.53	22.37
Total assets	113	62.32	39.45

Particulars	FY 2025-26	FY 2024-25	FY 2023-24
Opening cash	0.26	0.21	0.11
Net cash from operating activities	(17.93)	(0.31)	2.59
Net cash from investing activities	(21.78)	(6.54)	(11.17)
Net cash from financing activities	40.97	6.89	8.69
Net change in cash	1.26	0.04	0.10
Closing cash	8.50	3.52	3.22

Particulars	FY 2025-26	FY 2024-25	FY 2023-24
Growth
Sales growth	-15.8%	+12.0%	-
EBITDA growth	-56.3%	+71.7%	-
PBT growth	-72.5%	+88.6%	+9997.0%
Net income growth	-68.8%	+96.4%	-
Profitability & leverage
Net income margin	+4.2%	+11.3%	+6.5%
Return on capital employed	-	+34.4%	+24.5%
Return on net worth	-	+60.0%	+42.4%
Debt / equity	-	1.44	1.63
Long-term debt / equity	-	0.18	0.28
Interest cover	63.41	20.83	25.94
Efficiency & per share
Fixed asset turnover	-	6.00	5.12
Inventory turnover	-	0.00	0.00
Debtors turnover	-	11.04	14.14
EPS (₹)	0.33	1.15	0.62
Dividend per share (₹)	0.00	0.00	0.00
Book value per share (₹)	0.00	2.74	1.57

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Revenue	65.01	77.21	65.09	69.31	57.87	42.66
Revenue growth	-15.8%	+18.6%	-6.1%	+19.8%	+35.7%	-
Other income	1.90	0.51	0.52	0.18	0.09	0.05
Total expenses	60.03	67.25	58.49	65.24	56.60	42.06
Employee cost	0.00	1.40	1.30	1.34	1.27	1.43
EBITDA	4.98	9.96	6.60	4.07	1.27	0.60
EBITDA margin	+7.7%	+12.9%	+10.1%	+5.9%	+2.2%	+1.4%
Depreciation	2.01	1.71	1.58	0.03	0.03	0.03
Interest	3.42	3.10	1.79	1.17	1.23	0.49
Profit before tax	1.45	5.66	3.75	3.05	0.10	0.13
Tax	(0.24)	1.48	0.95	0.80	0.03	0.04
Net profit	1.69	4.18	2.80	2.25	0.07	0.09
Net profit margin	+2.6%	+5.4%	+4.3%	+3.3%	+0.1%	+0.2%
EPS (₹)	0.16	0.44	0.30	0.24	0.01	16.80

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Equity & liabilities
Share capital	14.15	9.45	9.45	9.45	9.45	0.05
Reserves & surplus	57.15	6.58	2.39	(0.41)	(2.65)	(2.72)
Shareholders' funds (net worth)	71.30	16.03	11.84	9.04	6.80	(2.67)
Secured loans	17.31	25.53	19.05	13.02	7.35	6.48
Unsecured loans	8.18	8.13	0.17	0.09	4.42	7.23
Total debt	25.49	33.66	19.22	13.11	11.77	13.71
Total liabilities	97.16	49.98	31.26	22.15	18.57	11.05
Assets
Gross block	29.10	10.20	9.31	0.41	0.40	6.29
Net block	23.50	6.61	7.43	0.12	0.14	6.06
Capital work in progress	0.46	6.58	1.17	9.53	7.36	0.00
Investments	3.52	3.52	2.02	0.00	0.00	0.00
Inventories	0.00	0.00	0.00	0.00	0.00	0.00
Sundry debtors	17.03	19.70	12.80	4.88	5.93	4.59
Cash & bank balances	7.03	3.26	3.01	1.49	1.08	0.63
Loans & advances	61.83	24.81	14.61	10.33	5.76	3.13
Total current assets	85.89	47.77	30.42	16.70	12.77	8.35
Total current liabilities	16.49	14.54	9.61	4.28	2.56	4.28
Net working capital	69.40	33.23	20.81	12.42	10.21	4.07
Total assets	97.16	49.98	31.26	22.15	18.57	11.05

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Opening cash	0.00	0.00	0.11	1.08	0.63	0.08
Net cash from operating activities	(25.92)	(3.45)	(0.45)	2.29	(4.34)	(1.21)
Net cash from investing activities	(16.02)	(7.90)	(3.98)	(3.43)	(2.26)	(1.84)
Net cash from financing activities	41.99	11.35	4.32	0.16	6.23	3.60
Net change in cash	0.05	0.00	(0.11)	(0.97)	(0.37)	0.55
Closing cash	7.03	3.26	3.01	1.49	1.08	0.63

Particulars	FY 2025-26	FY 2024-25	FY 2023-24	FY 2022-23	FY 2021-22	FY 2020-21
Growth
Sales growth	-15.8%	+18.6%	-6.1%	+19.8%	+35.7%	-
EBITDA growth	-50.0%	+50.9%	+62.2%	+220.5%	+111.7%	-
PBT growth	-74.4%	+50.9%	+23.0%	+2950.0%	-23.1%	+9997.0%
Net income growth	-59.6%	+49.3%	+24.4%	+3114.3%	-22.2%	-
Revenue CAGR (3Y)	-2.1%	+10.1%	+15.1%	-	-	-
EBITDA CAGR (3Y)	+7.0%	+98.7%	+122.4%	-	-	-
Profitability & leverage
Net income margin	+2.6%	+5.4%	+4.3%	+3.3%	+0.1%	+0.2%
Return on capital employed	-	+21.6%	+20.6%	+19.2%	+7.6%	+4.4%
Return on net worth	-	+30.1%	+26.3%	+23.7%	+1.5%	+160.0%
Debt / equity	-	1.90	1.55	1.57	6.17	0.00
Long-term debt / equity	-	0.11	0.01	0.28	2.82	0.00
Interest cover	115.15	37.58	35.66	28.96	99.19	85.96
Efficiency & per share
Fixed asset turnover	-	7.91	13.39	171.14	17.30	6.78
Inventory turnover	-	0.00	0.00	0.00	0.00	0.00
Debtors turnover	-	4.75	7.36	12.82	11.00	9.29
EPS (₹)	0.16	0.44	0.30	0.24	0.01	16.80
Dividend per share (₹)	0.00	0.00	0.00	0.00	0.00	0.00
Book value per share (₹)	0.00	1.70	1.25	0.96	0.72	(533.62)

Web traffic of ShipWaves

The website of ShipWaves (shipwaves.com) receives about 3.9K visits a month.

Monthly visits
3.9K
▲ 0.8% vs previous month

Top companies in Maritime Transport & Shipping

3 companies that operate in the same segment as ShipWaves (Maritime Transport & Shipping) in India, ranked by their profile score on The Company Check.

Company	Description	Founded	Location	Total funding	Revenue	Employees
SEVEN ISLANDS SHIPPING	Company specializing in liquid and gas seaborne logistics	2002	Mumbai, Maharashtra, India	USD 86.87 M	USD 147.32 M	110
J M BAXI	Maritime transportation and logistics services are provided.	1916	Mumbai, Maharashtra, India		USD 265.33 M	186
Indian Railways Passenger Reservation Enquiry	Railway services including passenger enquiry, freight operations, and digital ticketing in India.	1853	Delhi, Delhi, India

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Related news about Shipwaves

Shipwaves Online Approves Preferential Issue Of Convertible Warrants To Raise Up To 149.9 Million Rupees

Reuters • 1 month ago

Shipwaves Online Receives Purchase Order Worth $55,800 From Tata UK

Reuters • 1 month ago

Shipwaves Online Receives Purchase Order Worth 15.7 Million Rupees

Reuters • 7 months ago

Shipwaves Online Gets GST Order Confirming 20.8 Million Rupees Tax Demand

Reuters • 9 months ago

Shipwaves Online IPO listing today. Check GMP ahead of debut - The Economic Times

Economic Times • 10 months ago

Shipwaves Online IPO: GMP among key details to know before subscription - The Economic Times

Economic Times • 10 months ago

Shipwaves Joins Maersk-IBM Developed TradeLens Platform In a Bid To Accelerate Digitisation

Expresscomputer • 6 years ago

Shipwaves to provide real-time solutions to shippers

Thehindubusinessline • 7 years ago

Digital freight forwarder Shipwaves has come a long way in three years

Theloadstar • 8 years ago

Premium access

Complete news archive for ShipWaves

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Frequently Asked Questions about ShipWaves

When was ShipWaves founded?

ShipWaves was founded in 2015.

Where is ShipWaves located?

ShipWaves is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

How many employees does ShipWaves have?

ShipWaves has 25 employees.

What is the annual revenue of ShipWaves?

The primary company behind ShipWaves, Shipwaves Online Limited, reported revenue of ₹92.87 Cr for FY 2026, down 16% year on year.

What does ShipWaves do?

Shipwaves operates as a digital freight forwarder platform, enabling online booking, quick quotes, and real-time tracking for ocean, air, and land cargo. It offers additional services like trade finance, warehousing, and customs clearance, primarily through technology-driven interfaces. Based in India and UAE, the company serves businesses by streamlining shipment processes and providing SaaS tools for efficient enterprise management.

What products or services does ShipWaves offer?

ShipWaves offers Digital Freight Forwarding, Enterprise SaaS Solutions, Trade Finance Services, and Warehousing Solutions.

Is ShipWaves publicly traded?

Yes, ShipWaves is publicly traded on BSE under the ticker symbol SHIPWAVES.

Which legal entities are associated with ShipWaves?

ShipWaves operates through Shipwaves Online Limited.

Who are the directors of ShipWaves?

The legal entities of ShipWaves currently have 9 directors, including Kalandan Mohammed Haris, Kalandan Mohammed Althaf, Bibi Hajira and others.