About Indpower Technology Solutions Private Limited
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Indpower Technology Solutions Private Limited is a foreign private limited company based in Haryana, India, a subsidiary of Vave Pte Ltd. It operates in the general purpose and special purpose machinery and equipment segment of the electrical equipment sector. It was incorporated on 15 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999HR2017FTC125005. Its GSTIN is 06AAFCV8202M1Z3 (Haryana). The company holds 18 GST registrations, of which 15 are active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹6.31 Cr. It was formerly known as Vave India Energy Solutions Private Limited. It is led by directors including Mahinder Kumar Aggarwal and Bidyut Shome.
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 Plot No. 221 Udyog Vihar, Phase – 1, Haryana, India – 122016.
As per the financials filed for FY 2022, the company reported a revenue of ₹104.84 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹2.12 Cr (net margin -2%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years.
The company has about 35 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vave India Energy Solutions. As per MCA filings, the company has open charges of ₹5 Cr and satisfied charges of ₹15 Cr on record. Court records list 46 cases involving the company, including 44 filed by the company and 2 filed against it; 12 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vave-india.com.
Company details
CIN history
Indpower Technology Solutions has one previous CIN (Corporate Identification Number): U74999DL2017FTC314468. The current CIN is U74999HR2017FTC125005, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74999HR2017FTC125005 | Current |
| U74999DL2017FTC314468 | Previous |
Contact details
Indpower Technology Solutions Private Limited's registered office is in Haryana.
- Registered AddressPlot No. 221 Udyog Vihar, Phase – 1, Haryana, India – 122016
- IndustryElectrical, General Purpose And Special Purpose Machinery & Equipment, Electrical Equipment, Transport Equipment
- 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
Indpower Technology Solutions operates one associated brand: Vave India Energy Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures inverter batteries, UPS systems, and automotive batteries for power backup applications. | vave-india.com |
Business activity
The main business activity of Indpower Technology Solutions is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Indpower Technology Solutions Private Limited, buy the company report.
Financials of Indpower Technology Solutions Private Limited
FY 2024 filings availableIndpower Technology Solutions Private Limited reported revenue of ₹104.84 Cr (down 7% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 27% over three years, including a 7% fall 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
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| Net Profit (PAT) | -₹2.12 Cr | ||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| Net Profit Margin | -2% | ||||
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To see the full financial statements and ratios of Indpower Technology Solutions Private Limited, buy the company report.
Board of directors of Indpower Technology Solutions Private Limited
Indpower Technology Solutions 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 |
|---|---|---|---|---|
| Mahinder Kumar Aggarwal Also directs: Reallcraft Advisors LLP | Director | 04 May 2019 | 7 Years 5 Months | Current |
| Bidyut Shome | Director | 15 Mar 2017 | 9 Years 7 Months | Current |
| Krishan Kumar Ahuja | Director | 08 May 2025 | 1 Years 5 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Mar 2023 | 100683224 | Others | ₹5 Cr | Open | |
| 29 Aug 2019 | 100302503 | Hdfc Bank Limited | ₹15 Cr | Satisfied |
To see the full charge records of Indpower Technology Solutions Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Indpower Technology Solutions Private Limited has 46 court cases on record: 44 filed by Indpower Technology Solutions, 2 filed against it. 12 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 41 | 1 | 11 |
| NCLAT | 3 | 0 | 0 |
| High courts | 1 | 1 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 46)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed by the company against Eastman Auto and Power Limited and 1 other | Pending |
| High Court of Delhi | Commercial suit | Filed against the company by V-Guard Industries Ltd. | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed by the company against Eastman Auto & Power Limited | Disposed |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed by the company against Eastman Auto & Power Limited | Disposed |
| NCLT, Principal Bench | Insolvency matter | Filed by the company against Eastman Auto & Power Limited | Disposed |
To see the full case history of Indpower Technology Solutions 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.
MSME payment delays
Indpower Technology Solutions Private Limited has 3 MSME Form 1 returns on record between 2022 and 2024, listing 31 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| CVM Logistics | |||
| an individual supplier | |||
| Eminent Offset |
To see the full MSME payment records of Indpower Technology Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Indpower Technology Solutions has 18 GST registrations: 15 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAFCV8202M1Z3 | Haryana | Active | 01 Jul 2017 |
| 05AAFCV8202M1Z5 | Uttarakhand | Active | 01 Jul 2017 |
| 08AAFCV8202M1ZZ | Rajasthan | Active | 01 Jul 2017 |
| 09AAFCV8202M1ZX | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Indpower Technology Solutions Private Limited, buy the company report.
Recent activity
Indpower Technology Solutions Private Limited has 8 board changes on record since 2017: 3 appointments and 5 cessations. The latest: Krishan Kumar Ahuja ceased to be Additional Director on 29 Sep 2025.
2 earlier events are in the company report.
Frequently asked questions
Indpower Technology Solutions is an active foreign private limited company based in Haryana, India. The company works in general purpose and special purpose machinery and equipment, within the electrical industry. It was incorporated on 15 March 2017 (9+ years old) and is registered under CIN U74999HR2017FTC125005.
Indpower Technology Solutions has 3 current directors:
- Mahinder Kumar Aggarwal - Director
- Bidyut Shome - Director
- Krishan Kumar Ahuja - Director
The latest financial statements of Indpower Technology Solutions on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Indpower Technology Solutions is 06AAFCV8202M1Z3, registered in Haryana. The company has 18 GST registrations in all, of which 15 are active and 3 are cancelled or inactive. Other active GSTINs include 05AAFCV8202M1Z5 (Uttarakhand), 08AAFCV8202M1ZZ (Rajasthan), 09AAFCV8202M1ZX (Uttar Pradesh).
The CIN (Corporate Identification Number) of Indpower Technology Solutions is U74999HR2017FTC125005. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indpower Technology Solutions has 46 court cases on record: 44 filed by the company and 2 filed against it. 12 are pending. Most are in the district courts.
Indpower Technology Solutions was incorporated on 15 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Delhi.
Krishan Kumar Ahuja ceased to be Additional Director on 29 Sep 2025. Krishan Kumar Ahuja was appointed as Director on 08 May 2025. Bidyut Shome ceased to be Managing Director on 30 Apr 2025. Indpower Technology Solutions has 8 board changes on record in total.
Indpower Technology Solutions has 3 MSME Form 1 returns on record between 2022 and 2024, listing 31 overdue payments to 7 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Indpower Technology Solutions can be reached through the website vave-india.com. Its registered office is in Haryana, India.
The registered office of Indpower Technology Solutions is at Plot No. 221 Udyog Vihar, Phase – 1, Haryana, India – 122016.