MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-19-0000811
Innowave IT Infrastructures Limited - information technology in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹52.59 Cr
▼ 29% YoY
Net profit · FY 2022
₹92.87 Lakh
Net margin 1.8%
EBITDA · FY 2022
₹3.06 Cr
EBITDA margin 5.8%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹23.01 Cr
Satisfied ₹27.75 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
114
Provident fund records
About Innowave IT Infrastructures Limited
Data last updated:
Innowave IT Infrastructures Limited is a public limited company based in Pune, Maharashtra, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 05 October 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U86909PN1995PLC222065. Its GSTIN is 27AACCA6545R1Z3 (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Unity It Infraprojects Limited and Aishwarya Projects Limited. It is led by directors including Anant Narayanrao Raghute (Whole-Time Director) and Rahul Annasaheb Dhokchoule (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Pune, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹52.59 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹92.87 Lakh (net margin 1.8%) and EBITDA of ₹3.06 Cr (EBITDA margin 5.8%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years and 24% over five years.
The company has about 114 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹23.01 Cr and satisfied charges of ₹27.75 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending. The company has 4 deals on record (4 secondary share transfers); the latest was in January 2021. The company has 7 MSME Form 1 returns on record between 2019 and 2024, listing 74 overdue payments to 19 micro and small suppliers.
Innowave IT Infrastructures Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0000811). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website innowaveit.com.
Company details
CIN U86909PN1995PLC222065
Registration Number 222065
Incorporation Date 05 October 1995
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-19-0000811
Name history
Innowave IT Infrastructures has undergone 2 name changes throughout its history. The company was previously known as Unity It Infraprojects Limited, and Aishwarya Projects Limited. The current legal name is Innowave It Infrastructures Limited.
| Company Name | Status |
|---|---|
| Innowave IT Infrastructures Limited | Current |
| Unity It Infraprojects Limited | Previous |
| Aishwarya Projects Limited | Previous |
CIN history
Innowave IT Infrastructures has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U86909PN1995PLC222065, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U86909PN1995PLC222065 | Current |
| U65990MH1995PLC093292 | Previous |
| U72900PN1995PLC222065 | Previous |
| U72900MH1995PLC093292 | Previous |
Key People
Anant Narayanrao Raghute Whole-Time Director Rahul Annasaheb Dhokchoule Whole-Time Director Prashant Sureshchandra Chalse Whole-Time Director Recognitions & Rankings of Innowave IT Infrastructures
Contact details
Innowave IT Infrastructures Limited's registered office is in Pune, Maharashtra.
- Social Media
- Registered Address504 Pentagon P – 3 Magarpatta City, Hadapsar, Pune, Maharashtra, India – 411028
- IndustryInformation Technology, IT Consulting & Support Services
Comprehensive company report
Innowave IT Infrastructures 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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Financials of Innowave IT Infrastructures Limited
FY 2024 filings availableInnowave IT Infrastructures Limited reported revenue of ₹52.59 Cr (down 29% YoY) for FY 2022.
Revenue · FY 2022
₹52.59 Cr ▼ 29%
Net profit · FY 2022
₹92.87 Lakh margin 1.8%
EBITDA · FY 2022
₹3.06 Cr margin 5.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 29%
3 years · compounded
▼ 30%
5 years · compounded
▼ 24%
EBITDA CAGR growth
1 year
▼ 54%
3 years · compounded
▼ 28%
5 years · compounded
▼ 15%
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 29% fall in the latest year. EBITDA fell 54% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹52.59 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.06 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹92.87 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.8% | ||||
| Net Profit Margin | 1.8% | ||||
| 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 IT Infrastructures Limited, buy the company report.
Board of directors of Innowave IT Infrastructures Limited
Innowave IT Infrastructures has 3 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Anant Narayanrao Raghute Also directs: Smartware IT Solution LLP, Smaart Tech Services Limited, Sharp India Limited and 2 more | Whole-Time Director | 06 Jan 2014 | 12 Years 9 Months | Current |
| Rahul Annasaheb Dhokchoule | Whole-Time Director | 24 Jul 2015 | 11 Years 3 Months | Current |
| Prashant Sureshchandra Chalse | Whole-Time Director | 08 Oct 2020 | 6 Years 0 Months | Current |
Charges & borrowings
Open charges
₹23.01 Cr
Satisfied charges
₹27.75 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Aug 2025 | 101156216 | Others | ₹1.11 Cr | Open | |
| 29 Jul 2025 | 101137246 | Others | ₹1.25 Cr | Open | |
| 25 Oct 2024 | 101002219 | Others | ₹1.14 Cr | Open | |
| 03 Nov 2023 | 100808334 | Others | ₹46.97 Lakh | Open | |
| 21 Apr 2023 | 100715783 | Others | ₹50 Lakh | Open |
To see the full charge records of Innowave IT Infrastructures Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Innowave IT Infrastructures Limited has 4 deals on record (4 secondary share transfers); the latest was in January 2021.
Total deals
4
Secondary share transfers
4
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2021 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 3 individuals |
| Sep 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Kriesh Trading Private Limited |
| Oct 2012 | Secondary share transfer | Undisclosed | Buyer: Kriesh Trading Private Limited, 3 individuals Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Innowave IT Infrastructures Limited has 4 court cases on record: 3 filed by Innowave IT Infrastructures, 1 filed against it. 1 case is pending and 3 are disposed.
Total cases
4
Filed by the company
3
Filed against the company
1
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 1 | 1 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, Rajasthan | Writ petition | Filed by the company against Krsnaa Diagnostics Private Limited and 4 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S W) | Filed against the company by Income Tax Through Jaya Lakhwani | Pending |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Additional / Joint Deputy / Assistant Commissioner of Income -Tax and 3 others | Disposed |
| High Court, Rajasthan | Interim or miscellaneous application | Filed by the company against State of Rajasthan | Disposed |
To see the full case history of Innowave IT Infrastructures 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
Innowave IT Infrastructures Limited has 7 MSME Form 1 returns on record between 2019 and 2024, listing 74 overdue payments to 19 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 19)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| DTSM & Associates | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Innowave IT Infrastructures Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Innowave IT Infrastructures has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCA6545R1Z3 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Innowave IT Infrastructures Limited, buy the company report.
Recent activity
Innowave IT Infrastructures Limited has 20 board changes on record since 2008: 3 appointments and 17 cessations. The latest: Prashant Sureshchandra Chalse ceased to be Director on 31 Dec 2020.
AGM
Innowave It Infrastructures Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 1.11 Cr with Charge ID 101156216 was registered on 26 Aug 2025.
Charges
A charge with Others amounted to Rs. 1.25 Cr with Charge ID 101137246 was registered on 29 Jul 2025.
Charges
A charge with Others amounted to Rs. 1.14 Cr with Charge ID 101002219 was registered on 25 Oct 2024.
Filing
Innowave It Infrastructures Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Pune.
Charges
A charge with Others amounted to Rs. 0.47 Cr with Charge ID 100808334 was registered on 03 Nov 2023.
Charges
A charge with Others amounted to Rs. 0.50 Cr with Charge ID 100715783 was registered on 21 Apr 2023.
Charges
A charge with Others amounted to Rs. 0.06 Cr with Charge ID 100659917 was registered on 15 Dec 2022.
Charges
A charge with Others amounted to Rs. 9.05 Cr with Charge ID 100598788 was registered on 21 Jul 2022.
Charges
A charge registered on 25 Sep 2017 via Charge ID 100135360 with Others was fully satisfied on 24 May 2022.
Ceased
Prashant Sureshchandra Chalse ceased to be Director.
Appointed
Prashant Sureshchandra Chalse was appointed as Whole-Time Director.
26 earlier events are in the company report.
News
Frequently asked questions
Innowave IT Infrastructures is an active public limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 05 October 1995 (31+ years old) and is registered under CIN U86909PN1995PLC222065.
Innowave IT Infrastructures has 3 current directors:
- Anant Narayanrao Raghute - Whole-Time Director
- Rahul Annasaheb Dhokchoule - Whole-Time Director
- Prashant Sureshchandra Chalse - Whole-Time Director
The latest financial statements of Innowave IT Infrastructures on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Innowave IT Infrastructures is 27AACCA6545R1Z3, registered in Maharashtra.
The CIN (Corporate Identification Number) of Innowave IT Infrastructures is U86909PN1995PLC222065. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Innowave IT Infrastructures has 4 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Innowave IT Infrastructures was incorporated on 05 October 1995, making it 31+ years old. It is registered with the Registrar of Companies, Pune.
Innowave IT Infrastructures has 4 deals on record (4 secondary share transfers); the latest was in January 2021.
Prashant Sureshchandra Chalse ceased to be Director on 31 Dec 2020. Prashant Sureshchandra Chalse was appointed as Whole-Time Director on 08 Oct 2020. Rajesh Madhavrao Lokhande ceased to be Director on 08 Oct 2020. Innowave IT Infrastructures has 20 board changes on record in total.
Yes, Innowave IT Infrastructures is registered as a small enterprise under Udyam registration (number: UDYAM-MH-19-0000811).
Innowave IT Infrastructures has 7 MSME Form 1 returns on record between 2019 and 2024, listing 74 overdue payments to 19 micro and small suppliers. The latest return was filed on 02 May 2024.
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