Good Wave Foundation
About Good Wave Foundation
Data last updated:
Good Wave Foundation is a private not for profit company based in Mumbai, Maharashtra, India. It operates in the social services and community development segment of the non-profit sector. It was incorporated on 15 September 2022.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U85300MH2022NPL390511.
The company has an authorised share capital of ₹50,000 and a paid-up capital of ₹50,000. It is led by directors Shazia Asif Upadhye and Asif Nazir Upadhye.
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 5/A Basant Mahal Nana Phadnavis Road Wadala East, Mumbai, Maharashtra, India – 400037.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.76 Lakh, a growth of 107% compared to the previous year. For the same year it recorded a net loss of ₹38,931 (net margin -2.3%) and EBITDA of -₹38,812 (EBITDA margin -2.3%).
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- Registered Address5/A Basant Mahal Nana Phadnavis Road Wadala East, Mumbai, Maharashtra, India – 400037
- IndustryNon-Profit Organizations, Social Work
- 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 Good Wave Foundation
The main business activity of Good Wave Foundation is public services by government agencies. In detail, this covers regulation of healthcare, education, cultural and other social services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| O | Public Services by Government agencies | O2 | Regulation of healthcare, education, cultural and other social services | 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 Good Wave Foundation FY 2025 filings available
Good Wave Foundation reported revenue of ₹16.76 Lakh (up 107% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Good Wave Foundation
Revenue rose 107% in the latest year. EBITDA rose 69% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Good Wave Foundation
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| 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 | -₹38,812 | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹38,931 | •••• | •••• |
| 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 Good Wave Foundation
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | -2.3% | •••• | •••• |
| Net Profit Margin | -2.3% | •••• | •••• |
| 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 Good Wave Foundation are in the company report.
Financial statements from FY 2023
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 Good Wave Foundation
Good Wave Foundation is compared with the companies closest to it by revenue in the same principal business activity (Regulation of healthcare, education, cultural and other social services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bavaria Cares Foundation | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Educo Solutions Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Mowo Social Initiatives Foundation | •••• | •••• | •••• | •••• | - | Balanagar, Telangana, India |
| Omatra Foundation | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Damesai (OPC) Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Good Wave Foundation this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Home Healthways India Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Mil Ke Chalo Association | •••• | •••• | •••• | •••• | - | Jalgaon, Maharashtra, India |
| Mumukshu Charitable Organisation | •••• | •••• | •••• | •••• | - | Ghaziabad, Uttar Pradesh, India |
| Jinseva Foundation | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Sant Manas Bhushan Foundation | •••• | •••• | •••• | •••• | - | Chitrakoot, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Good Wave Foundation by revenue in the same principal business activity (Regulation of healthcare, education, cultural and other social services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Board of Directors of Good Wave Foundation
Good Wave Foundation has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shazia Asif Upadhye | Director | 15 Sep 2022 | 4 Years 0 Months | Current |
| Asif Nazir Upadhye | Director | 15 Sep 2022 | 4 Years 0 Months | Current |
Charges & Borrowings of Good Wave Foundation
Good Wave Foundation does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Good Wave Foundation
Employment history and EPFO contributions of people linked to Good Wave Foundation.
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 Good Wave Foundation
Good Wave Foundation has 2 board changes on record since 2022: 2 appointments. The latest: Asif Nazir Upadhye was appointed as Director on 15 Sep 2022.
Credit Ratings, Litigation & Regulatory Alerts for Good Wave Foundation
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 Good Wave Foundation
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 Good Wave Foundation
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 Good Wave Foundation
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 Good Wave Foundation
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 Good Wave Foundation
Good Wave Foundation is an active private not for profit company based in Mumbai, Maharashtra, India. The company works in social work, within the non-profit organizations industry. It was incorporated on 15 September 2022 (4+ years old) and is registered under CIN U85300MH2022NPL390511.
Good Wave Foundation reported revenue of ₹16.76 Lakh for FY 2025 (up 107% YoY).
Good Wave Foundation has 2 current directors:
- Shazia Asif Upadhye - Director
- Asif Nazir Upadhye - Director
Good Wave Foundation reported a net loss of ₹38,931 (net margin -2.3%) and EBITDA of -₹38,812 (EBITDA margin -2.3%) for FY 2025, as per its filed financial statements.
The CIN (Corporate Identification Number) of Good Wave Foundation is U85300MH2022NPL390511. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Good Wave Foundation was incorporated on 15 September 2022, making it 4+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Good Wave Foundation by revenue are Bavaria Cares Foundation, Educo Solutions Private Limited, Mowo Social Initiatives Foundation, Omatra Foundation, Damesai (OPC) Private Limited and 5 more, all in the same principal business activity (Regulation of healthcare, education, cultural and other social services).
Asif Nazir Upadhye was appointed as Director on 15 Sep 2022. Shazia Asif Upadhye was appointed as Director on 15 Sep 2022.
The registered office of Good Wave Foundation is at 5A Basant Mahal Nana Phadnavis Road Wadala East, Mumbai, Maharashtra, India – 400037.
Good Wave Foundation has an authorised share capital of ₹50,000 and a paid-up capital of ₹50,000.
Good Wave Foundation operates in the non-profit organizations industry, in the social work segment.