Goldwave Securities Ltd
About Goldwave Securities Ltd
Data last updated:
Goldwave Securities Ltd is a public limited company based in Kolkata, West Bengal, India. It operates in the non-banking financial services (NBFC) segment of the financial services sector. It was incorporated on 31 January 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U61120WB1994PLC061673.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.44 Cr. It is led by directors including Vinay Vineet Passary and Vivek Passary.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Kolkata, West Bengal.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.04 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹20.67 Lakh (net margin 19.9%) and EBITDA of ₹98.93 Lakh (EBITDA margin 95%). Revenue has grown at a compounded annual rate (CAGR) of 62% over three years and 83% over five years.
Court records list 3 cases involving the company, including 3 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address209 A. J. C. Bose Road 5th Floor Karnani Estate, Room No.199 200 201, Kolkata, West Bengal, India – 700017
- IndustryFinancial Services, NBFC, Investment & Credit NBFC
- 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
- One PDF report, delivered after checkout
Business Activity of Goldwave Securities Ltd
The main business activity of Goldwave Securities is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial 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 Goldwave Securities Ltd FY 2024 filings available
Goldwave Securities Ltd reported revenue of ₹1.04 Cr (up 163% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Goldwave Securities Ltd
Revenue has grown at a compounded annual rate (CAGR) of 83% over five years, including 163% growth in the latest year. EBITDA rose 206% 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 Goldwave Securities Ltd
| Metrics | FY 2024-25 | 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 | ₹98.93 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹20.67 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 of Goldwave Securities Ltd
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 95% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 19.9% | •••• | •••• | •••• | •••• |
| 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 Goldwave Securities are in the company report.
Financial statements from 2015
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.
Board of Directors of Goldwave Securities Ltd
Goldwave Securities has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinay Vineet Passary Also directs: Firestone Minings LLP, Ores India Private Limited, HRB Agro Private Limited and 4 more | Director | 13 Dec 2008 | 17 Years 10 Months | Current |
| Vivek Passary | Director | 13 Dec 2008 | 17 Years 10 Months | Current |
| Dina Nath Passary Also directs: Ores India Private Limited, Ashika Fintrade Pvt Ltd, Narayani Sons India Private Limited and 1 more | Director | 13 Dec 2008 | 17 Years 10 Months | Current |
Peer Comparison of Goldwave Securities Ltd
Goldwave Securities Ltd is compared with the companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Wind Power Vinimay Pvt Ltd | ₹1.04 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Kolkata, West Bengal, India |
| Rudraksh Gold Securities Private Limited | ₹1.04 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Mhow, Madhya Pradesh, India |
| Corporate Finvest India Private Limited | ₹1.04 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Delhi, India |
| Assure Financial Services Private Limited | ₹1.04 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | New Delhi, Delhi, India |
| Glycosic Merchants Pvt.Ltd. | ₹1.04 Cr (FY 2025) | •••• | •••• | -71.0% | •••• | Kolkata, West Bengal, India |
| Goldwave Securities Ltd this company | ₹1.04 Cr (FY 2025) | •••• | •••• | 163.0% | •••• | Kolkata, West Bengal, India |
| Hanurang Mercantiles Pvt.Ltd. | ₹1.04 Cr (FY 2024) | •••• | •••• | 7.0% | •••• | Kolkata, West Bengal, India |
| Du-Luck Investment & Leasing Private Limited | ₹1.04 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
| Beyant Holding & Finance Limited | ₹1.04 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Raipur, Chhattisgarh, India |
| Rubicam Agencies Pvt.Ltd. | ₹1.04 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Kolkata, West Bengal, India |
| Tradelink Securities Ltd | ₹1.04 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Goldwave Securities by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), 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 Goldwave Securities Ltd
Goldwave Securities Ltd is audited by A. K. DIDWANIA & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| A. K. DIDWANIA & 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.
Ownership and Shareholding of Goldwave Securities Ltd
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 Goldwave Securities Ltd
Goldwave Securities Ltd does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Goldwave Securities Ltd
Goldwave Securities Ltd has 3 court cases on record: 3 filed by Goldwave Securities. All cases are disposed. Status as checked between 28 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Writ petition | Filed by the company against Income Tax Officer Ward 6/2 | Disposed |
| Calcutta High Court | Company petition | Filed by the company | Disposed |
| Calcutta High Court | Appeal | Filed by the company | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Goldwave Securities Ltd
Employment history and EPFO contributions of people linked to Goldwave Securities.
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 Goldwave Securities Ltd
Goldwave Securities Ltd has 8 board changes on record since 2008: 3 appointments and 5 cessations. The latest: Dina Nath Passary ceased to be Additional Director on 30 Sep 2017.
Credit Ratings, Litigation & Regulatory Alerts for Goldwave Securities Ltd
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 Goldwave Securities Ltd
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
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Goldwave Securities Ltd
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 Goldwave Securities Ltd
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 Goldwave Securities Ltd
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 Goldwave Securities Ltd
Goldwave Securities is an active public limited company based in Kolkata, West Bengal, India. The company works in nbfc, within the financial services industry. It was incorporated on 31 January 1994 (32+ years old) and is registered under CIN U61120WB1994PLC061673.
Goldwave Securities reported revenue of ₹1.04 Cr for FY 2025 (up 163% YoY).
Goldwave Securities has 3 current directors:
- Vinay Vineet Passary - Director
- Vivek Passary - Director
- Dina Nath Passary - Director
Goldwave Securities reported a net profit of ₹20.67 Lakh (net margin 19.9%) and EBITDA of ₹98.93 Lakh (EBITDA margin 95%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Goldwave Securities is 62% over three years and 83% over five years. In the latest year (FY 2025) revenue rose 163%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Goldwave Securities is U61120WB1994PLC061673. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Goldwave Securities has 3 court cases on record: 3 filed by the company.
Goldwave Securities was incorporated on 31 January 1994, making it 32+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Goldwave Securities by revenue are Wind Power Vinimay Pvt Ltd, Rudraksh Gold Securities Private Limited, Corporate Finvest India Private Limited, Assure Financial Services Private Limited, Glycosic Merchants Pvt.Ltd. and 5 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC).
Dina Nath Passary ceased to be Additional Director on 30 Sep 2017. Vivek Passary ceased to be Additional Director on 30 Sep 2017. Jaydeep Kumar Khaitan ceased to be Director on 01 Mar 2011. Goldwave Securities has 8 board changes on record in total.
The registered office of Goldwave Securities is at 209 A. J. C. Bose Road 5th Floor Karnani Estate, Room No.199 200 201, Kolkata, West Bengal, India – 700017.