About Igw India Technologies Private Limited
Data last updated:
Igw India Technologies Private Limited is a private limited company based in Alandi, Maharashtra, India, a subsidiary of Ig Watteeuw International Nv. It operates in the musical instrument segment of the musical instruments sector. It was incorporated on 09 June 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U30305PN1999PTC013717. Its GSTIN is 27AAACI6998Q1ZI (Maharashtra).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹9.57 Cr. It was formerly known as Involute Technologies Private Limited. It is led by directors including Vikas Dudeja (Managing Director) and Jean Christophe Seynaeve.
Its last annual general meeting (AGM) was held on 30 June 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at Gat No 156 157 158 159 Alandi – Markal Road Village Dhanore Tal. Khed Dist. Pune, Maharashtra, India – 412105.
As per the financials filed for FY 2023, the company reported a revenue of ₹411.22 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹13.27 Cr (net margin 3.2%) and EBITDA of ₹63.03 Cr (EBITDA margin 15.3%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 13% over five years.
The company has about 594 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Jeanuvs and Involute Technology. As per MCA filings, the company has open charges of ₹62 Cr and satisfied charges of ₹230.85 Cr on record. Court records list 6 cases involving the company, including 2 filed by the company and 4 filed against it. The company has 9 deals on record (6 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹2.15 Cr; the latest was in July 2025. The company has 24 MSME Form 1 returns on record between 2019 and 2024, listing 3,002 overdue payments to 139 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website involutegear.com.
Company details
CIN history
Igw India Technologies has one previous CIN (Corporate Identification Number): U72200PN1999PTC013717. The current CIN is U30305PN1999PTC013717, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U30305PN1999PTC013717 | Current |
| U72200PN1999PTC013717 | Previous |
Contact details
Igw India Technologies Private Limited's registered office is in Alandi, Maharashtra.
- Registered AddressGat No 156 157 158 159 Alandi – Markal Road Village Dhanore Tal. Khed Dist. Pune, Maharashtra, India – 412105
- IndustryMusical Instruments, Musical Instrument, Manufacturing, Sports Goods, Jewellery
- 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
Brands
Igw India Technologies operates two associated brands: Jeanuvs and Involute Technology. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Offers electronic and mechanical system design and manufacturing services. | jeanuvs.com | |
| Transmission components are manufactured for agriculture and industrial sectors. | involutegear.com |
Business activity
The main business activities of Igw India Technologies are manufacturing and support service to organizations. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Igw India Technologies Private Limited, buy the company report.
Financials of Igw India Technologies Private Limited
FY 2024 filings availableIgw India Technologies Private Limited reported revenue of ₹411.22 Cr (up 8% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 13% over five years, including 8% growth in the latest year. EBITDA rose 19% 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹63.03 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13.27 Cr | ||||
| 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.3% | ||||
| Net Profit Margin | 3.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Igw India Technologies Private Limited, buy the company report.
Board of directors of Igw India Technologies Private Limited
Igw India Technologies has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Dudeja | Managing Director | 01 Apr 2020 | 6 Years 6 Months | Current |
| Jean Christophe Seynaeve | Director | 24 Jun 2015 | 11 Years 4 Months | Current |
| Johan Octaaf R De Lille | Director | 24 Jun 2015 | 11 Years 4 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Sep 2017 | 100138029 | Others | ₹62 Cr | Open | |
| 06 Apr 2021 | 100449255 | Others | ₹10 Cr | Satisfied | |
| 04 Sep 2017 | 100138027 | Others | ₹57.5 Cr | Satisfied | |
| 07 Jan 2015 | 10546674 | The Saraswat Co-Operative Bank Limited | ₹97.8 Lakh | Satisfied | |
| 07 Jan 2015 | 10546677 | The Saraswat Co-Operative Bank Limited | ₹9.57 Cr | Satisfied |
To see the full charge records of Igw India Technologies Private Limited, buy the company report.
Total charge records: 52 View all charges
Deals & funding
Igw India Technologies Private Limited has 9 deals on record (6 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹2.15 Cr; the latest was in July 2025.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2025 | Rights issue | ₹19.14 Cr | Investors: BMT International NV |
| Sep 2017 | Secondary share transfer | Undisclosed | Buyer: Ig Watteeuw International Nv Seller: Mihir Auto Parts LLP |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: Mihir Auto Parts LLP , 2 individuals Seller: Manasi Auto Parts Private Limited , Auto Component Manufacturing Company Private Limited |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: Eb4b Nv, Ig Watteeuw International Nv Seller: Manasi Auto Parts Private Limited , an individual |
| Mar 2007 | Funding round | ₹2.15 Cr | Investors: Auto Component Manufacturing Company Private Limited, Manasi Auto Parts Private Limited |
To see the full deal history of Igw India Technologies Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Igw India Technologies Private Limited has 6 court cases on record: 2 filed by Igw India Technologies, 4 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 0 |
| High courts | 2 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by individuals | Disposed |
| High Court, West Bengal | Arbitration matter | Filed by the company against an individual | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed against the company by an individual | Disposed |
| District court, Pune, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against Sundaram Fasteners Limited | Disposed |
To see the full case history of Igw India Technologies Private Limited, buy the company report.
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.
Credit ratings & regulatory alerts
Igw India Technologies Private Limited was last rated by Care on 07 Apr 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Apr 2020 |
To see the full credit ratings and regulatory alerts of Igw India Technologies Private Limited, buy the company report.
MSME payment delays
Igw India Technologies Private Limited has 24 MSME Form 1 returns on record between 2019 and 2024, listing 3,002 overdue payments to 139 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 139)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Evolvente Technologies Private Limited | |||
| Sumangal Forgings Pvt Ltd | |||
| an individual supplier | |||
| Kirtanlal Engineering Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Igw India Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Igw India Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACI6998Q1ZI | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Igw India Technologies Private Limited, buy the company report.
Recent activity
Igw India Technologies Private Limited has 10 board changes on record since 2015: 3 appointments and 7 cessations. The latest: Vikas Dudeja was appointed as Managing Director on 01 Apr 2020.
116 earlier events are in the company report.
Frequently asked questions
Igw India Technologies is an active private limited company based in Alandi, Maharashtra, India. The company works in musical instrument, within the musical instruments industry. It was incorporated on 09 June 1999 (27+ years old) and is registered under CIN U30305PN1999PTC013717.
Igw India Technologies has 3 current directors:
- Vikas Dudeja - Managing Director
- Jean Christophe Seynaeve - Director
- Johan Octaaf R De Lille - Director
The latest financial statements of Igw India Technologies on record with the MCA are for the year ended 31 December 2024. Its last annual general meeting was held on 30 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Igw India Technologies is 27AAACI6998Q1ZI, registered in Maharashtra.
The CIN (Corporate Identification Number) of Igw India Technologies is U30305PN1999PTC013717. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Igw India Technologies has 6 court cases on record: 2 filed by the company and 4 filed against it. Most are in the district courts.
Igw India Technologies was incorporated on 09 June 1999, making it 27+ years old. It is registered with the Registrar of Companies, Pune.
Igw India Technologies has 9 deals on record (6 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹2.15 Cr; the latest was in July 2025.
Vikas Dudeja was appointed as Managing Director on 01 Apr 2020. Vikas Dudeja ceased to be Additional Director on 01 Apr 2020. Sven De Wachter ceased to be Managing Director on 31 Mar 2020. Igw India Technologies has 10 board changes on record in total.
Igw India Technologies has 24 MSME Form 1 returns on record between 2019 and 2024, listing 3,002 overdue payments to 139 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Igw India Technologies can be reached through the website involutegear.com. Its registered office is in Alandi, Maharashtra, India.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
