MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-03-0256310
Innowave Gdu India Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹13.68 Cr
▼ 44% YoY
Net profit · FY 2023
₹52
Net margin 0%
EBITDA · FY 2023
-₹47.56 Lakh
EBITDA margin -3.5%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹10 Lakh
Issued & subscribed
Open charges
₹29.68 Lakh
Secured borrowings
Company age
7 yrs
Est. 2019
Employees · EPFO
56
Provident fund records
About Innowave Gdu India Private Limited
Data last updated:
Innowave Gdu India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Innowave Technologies S A. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 04 September 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019PTC127660. Its GSTIN is 29AAFCI3966H1Z6 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Nirmala Gambhir and Tiago Manuel Mendes Goncalves.
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 Bangalore, Karnataka.
As per the financials filed for FY 2023, the company reported a revenue of ₹13.68 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net profit of ₹52 (net margin 0%) and EBITDA of -₹47.56 Lakh (EBITDA margin -3.5%). Revenue has grown at a compounded annual rate (CAGR) of 96% over three years.
The company has about 56 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: InnoWave. As per MCA filings, the company has open charges of ₹29.68 Lakh on record.
Innowave Gdu India Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0256310). For more details, the company can be reached via its website innowave.tech.
Company details
CIN U72900KA2019PTC127660
Registration Number 127660
Incorporation Date 04 September 2019
ROC Bangalore
Listing Status Unlisted
Company Status Active
Parent Company Innowave Technologies S A
MSME Classification MSME
Udyam Registration UDYAM-KR-03-0256310
Key People
Nirmala Gambhir Director Tiago Manuel Mendes Goncalves Director Shailesh Gambhir Director Recognitions & Rankings of Innowave Gdu India
Contact details
Innowave Gdu India Private Limited's registered office is in Bangalore, Karnataka. Its website is innowave.tech. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressKalpavruksham 1780 15th Main Rd 5th Block, Hbr Layout 4th Block Nagavara, Bangalore, Karnataka, India – 560043
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Innowave Gdu India Private Limited, buy the company report.
Comprehensive company report
Innowave Gdu India Private Limited - one report that includes everything
- 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
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Brands
Innowave Gdu India operates one associated brand: InnoWave. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| IoT, application development, cloud, and cyber security services are provided. | innowave.tech |
Business activity
The main business activity of Innowave Gdu India is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Innowave Gdu India Private Limited, buy the company report.
Financials of Innowave Gdu India Private Limited
FY 2024 filings availableInnowave Gdu India Private Limited reported revenue of ₹13.68 Cr (down 44% YoY) for FY 2023.
Revenue · FY 2023
₹13.68 Cr ▼ 44%
Net profit · FY 2023
₹52 margin 0%
EBITDA · FY 2023
-₹47.56 Lakh margin -3.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 44%
3 years · compounded
▲ 96%
EBITDA CAGR growth
1 year
▼ 110%
3 years · compounded
▼ 109%
Revenue fell 44% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 96%. EBITDA fell 110% 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 |
|---|---|---|---|---|
| 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 | -₹47.56 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹52 | |||
| 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 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -3.5% | |||
| Net Profit Margin | 0% | |||
| 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 Innowave Gdu India Private Limited, buy the company report.
Board of directors of Innowave Gdu India Private Limited
Innowave Gdu India has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirmala Gambhir | Director | 04 Sep 2019 | 7 Years 2 Months | Current |
| Tiago Manuel Mendes Goncalves Also directs: Akademe Edify Tech Solutions Private Limited | Director | 25 Jan 2020 | 6 Years 9 Months | Current |
| Shailesh Gambhir | Director | 04 Sep 2019 | 7 Years 2 Months | Current |
Peer comparison
Innowave Gdu India Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Buze Platforms Private Limited | ₹13.74 Cr (FY 2025) | 380.0% | Ahmedabad, Gujarat, India | |||
| Optiphoenix Xperts Private Limited | ₹13.73 Cr (FY 2025) | 22.0% | New Delhi, Delhi, India | |||
| Sortly Technologies Private Limited | ₹13.72 Cr (FY 2024) | 55.0% | Gurgaon, Haryana, India | |||
| Innobox Systems Private Limited | ₹13.7 Cr (FY 2025) | 15.0% | Hyderabad, Telangana, India | |||
| Rusada Aviation Private Limited | ₹13.69 Cr (FY 2024) | 3.0% | Chennai, Tamil Nadu, India | |||
| Innowave Gdu India Private Limitedthis company | ₹13.68 Cr (FY 2023) | ₹52 | 0% | -44.0% | 56 | Bangalore, Karnataka, India |
| Letsventure Technologies Private Limited | ₹13.68 Cr (FY 2025) | 2.0% | Bangalore, Karnataka, India | |||
| Sutisoft Private Limited | ₹13.67 Cr (FY 2024) | 6.0% | Hyderabad, Telangana, India | |||
| Cloudbyte India Technologies Private Limited | ₹13.67 Cr (FY 2021) | 7.0% | Bangalore, Karnataka, India | |||
| Intellosol Softwares India Private Limited | ₹13.67 Cr (FY 2022) | 2.0% | New Delhi, Delhi, India | |||
| Soul Vision Creations Private Limited | ₹13.66 Cr (FY 2025) | -16.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Innowave Gdu India Private Limited, buy the company report.
Auditor
Innowave Gdu India Private Limited is audited by RAGHAVENDRA U K & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAGHAVENDRA U K & ASSOCIATES | FY 2022 | 014523S |
Shareholding
The shareholding of Innowave Gdu India Private Limited is on record for 3 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Innowave Gdu India Private Limited, buy the company report.
Charges & borrowings
Open charges
₹29.68 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2025 | 101089650 | Others | ₹29.68 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Innowave Gdu India Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Innowave Gdu India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Innowave Gdu India Private Limited has a workforce of 56 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
56
Active EPFO establishments
1
Employee growth
40%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 56 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 |
To see the full employee and EPFO history of Innowave Gdu India Private Limited, buy the company report.
GST
Innowave Gdu India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCI3966H1Z6 | Karnataka | Active | 04 Oct 2019 |
To see the full GST registrations and return filing status of Innowave Gdu India Private Limited, buy the company report.
Recent activity
Innowave Gdu India Private Limited has 3 board changes on record since 2019: 3 appointments. The latest: Tiago Manuel Mendes Goncalves was appointed as Director on 25 Jan 2020.
AGM
Innowave Gdu India Private Limited last Annual general meeting of members was held on 30 Jun 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 29.68 Lakh with Charge ID 101089650 was registered on 26 Mar 2025.
Filing
Innowave Gdu India Private Limited has filed its annual Financial statements for the year ended 31 Dec 2024 with Roc Bangalore.
Appointed
Tiago Manuel Mendes Goncalves was appointed as Director.
Appointed
Nirmala Gambhir was appointed as Director.
Appointed
Shailesh Gambhir was appointed as Director.
Incorporation
04 Sep 2019
Innowave Gdu India Private Limited was registered on 04 Sep 2019 with Roc Bangalore & aged 7 years 2 months as per MCA records.
Frequently asked questions
Innowave Gdu India is an active private limited company based in Bangalore, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 04 September 2019 (7+ years old) and is registered under CIN U72900KA2019PTC127660.
Innowave Gdu India has 3 current directors:
- Nirmala Gambhir - Director
- Tiago Manuel Mendes Goncalves - Director
- Shailesh Gambhir - Director
The latest financial statements of Innowave Gdu India 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 FY 2020 are in the company report.
The GSTIN of Innowave Gdu India is 29AAFCI3966H1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Innowave Gdu India is U72900KA2019PTC127660. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innowave Gdu India was incorporated on 04 September 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Innowave Gdu India by revenue are Buze Platforms Private Limited, Optiphoenix Xperts Private Limited, Sortly Technologies Private Limited, Innobox Systems Private Limited, Rusada Aviation Private Limited and 5 more, all in the same principal business activity (computer programming, consultancy and related activities).
Tiago Manuel Mendes Goncalves was appointed as Director on 25 Jan 2020. Nirmala Gambhir was appointed as Director on 04 Sep 2019. Shailesh Gambhir was appointed as Director on 04 Sep 2019.
Yes, Innowave Gdu India is registered as an MSME under Udyam registration (number: UDYAM-KR-03-0256310).
Innowave Gdu India can be reached through the website innowave.tech. Its registered office is in Bangalore, Karnataka, India.
The registered office of Innowave Gdu India is at Kalpavruksham 1780 15th Main Rd 5th Block, Hbr Layout 4th Block Nagavara, Bangalore, Karnataka, India – 560043.
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