MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2026-27)
- Udyam number
- UDYAM-GJ-01-0032156
Market Cap
₹403 Cr
IWARE-ST · NSE
Share Price
₹358.70
+2.34% today
Revenue
₹258 Cr
FY 2025-26 · +200.2% YoY
EBITDA
₹29.27 Cr
Margin 11.4%
Net Profit
₹14.38 Cr
FY 2025-26 · +79.1% YoY
P/E (TTM)
28.8x
P/B 5.5x
ROE
41.9%
ROCE 28.3%
Debt / Equity
1.39
Interest cover 19.4x
About Iware Supplychain Services Limited
Data last updated:
Iware Supplychain Services Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Inter India Roadways Private Limited. It operates in the cold storage and warehousing services segment of the transport and logistics sector. It was incorporated on 17 January 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L63090GJ2018PLC100589. Its GSTIN is 24AAECI7449C1ZP (Gujarat). The company holds 2 GST registrations, all of them active. It is a listed company as per MCA records. Its shares are listed on NSE: IWARE.
The company has an authorised share capital of ₹12.5 Cr and a paid-up capital of ₹11.51 Cr. It is led by directors including Krishnakumar Jagadishprasad Tanwar (Managing Director) and Vikas Krishnakumar Tanwar (Managing Director).
Its last annual general meeting (AGM) was held on 07 August 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 7th Floor 707 Iscon Elegance Nr. Jain Temple Prahladnagar Cross Road S.G. Highway, Ahmedabad, Gujarat, India – 380051.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹257.66 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹14.38 Cr (net margin 5.6%) and EBITDA of ₹29.27 Cr (EBITDA margin 11.4%). The net worth stands at ₹55.73 Cr (up 244.2% YoY). Total assets are valued at ₹126.95 Cr (up 171.5% YoY).
The company has about 188 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: iWare Supplychain Services. As per MCA filings, the company has open charges of ₹101.99 Cr and satisfied charges of ₹19.06 Cr on record. The company has 1 deal on record (1 ipo); the latest was in April 2025. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier.
Iware Supplychain Services Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0032156). For more details, the company can be reached via its website iware.co.in.
Company details
CIN L63090GJ2018PLC100589
Registration Number 100589
Incorporation Date 17 January 2018
ROC Ahmedabad
Listing Status Listed (NSE: IWARE)
Company Status Active
Date of Last AGM 07 August 2026
Date of Balance Sheet 31 March 2026
Parent Company Inter India Roadways Private Limited
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0032156
CIN history
Iware Supplychain Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L63090GJ2018PLC100589, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L63090GJ2018PLC100589 | Current |
| U63090GJ2018PTC100589 | Previous |
| U63090GJ2018PLC100589 | Previous |
Key People
Krishnakumar Jagadishprasad Tanwar Managing Director Vikas Krishnakumar Tanwar Managing Director Rajnish Gautam Whole-Time Director Recognitions & Rankings of Iware Supplychain Services
Contact details
Iware Supplychain Services Limited's registered office is in Ahmedabad, Gujarat.
- Social Media
- Registered Address7th Floor 707 Iscon Elegance Nr. Jain Temple Prahladnagar Cross Road S.G. Highway, Ahmedabad, Gujarat, India – 380051
- IndustryTransport and Logistics, Cold Storage & Warehousing Services
Comprehensive company report
Iware Supplychain Services 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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Secure checkout · GST invoice included
Brands
Iware Supplychain Services operates one associated brand: iWare Supplychain Services. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Integrated logistics and warehousing solutions are provided to clients. | iware.co.in |
Business activity
The main business activity of Iware Supplychain Services is transport and storage. In detail, this covers land transport via road and services incidental to land, water & air transportation. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H1 | Land Transport via Road | |
| H | Transport and storage | H5 | Services incidental to land, water & air transportation |
To see the full business activity and turnover split of Iware Supplychain Services Limited, buy the company report.
Financials of Iware Supplychain Services Limited
FY 2025-26 filings availableIware Supplychain Services Limited reported revenue of ₹257.66 Cr (up 200.2% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹258 Cr
+200.2% YoY
EBITDA
₹29.27 Cr
+71.7% YoY
Profit After Tax
₹14.38 Cr
+79.1% YoY
Net Worth
₹55.73 Cr
+244.2% YoY
Total Assets
₹127 Cr
+171.5% YoY
Total Debt
₹70.17 Cr
+136.0% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Income statement | ||||||
| Revenue | 258 | 85.82 | 58.71 | 43.55 | 24.35 | 18.91 |
| Revenue growth | +200.2% | +46.2% | +34.8% | +78.9% | +28.8% | - |
| EBITDA | 29.27 | 17.05 | 10.90 | 6.28 | 3.07 | 2.19 |
| EBITDA margin | +11.4% | +19.9% | +18.6% | +14.4% | +12.6% | +11.6% |
| Profit before tax | 19.95 | 10.86 | 5.35 | 0.92 | 1.37 | 1.44 |
| Net profit | 14.38 | 8.03 | 4.16 | 0.44 | 0.98 | 1.05 |
| Net profit margin | +5.6% | +9.4% | +7.1% | +1.0% | +4.0% | +5.6% |
| EPS (₹) | 14.06 | 10.20 | 4,169.60 | 422.90 | 966.30 | 1,058.74 |
| Balance sheet | ||||||
| Total assets | 127 | 46.76 | 34.19 | 31.92 | 27.38 | 20.45 |
| Net worth | 55.73 | 16.19 | 8.17 | 4.00 | 3.57 | 2.61 |
| Total debt | 70.17 | 29.73 | 25.34 | 27.34 | 23.29 | 17.67 |
| Cash & bank | 10.90 | 4.24 | 2.58 | 0.97 | 1.27 | 1.13 |
| Net working capital | 63.37 | 17.33 | 7.94 | 6.60 | 3.60 | 8.49 |
| Cash flow | ||||||
| Cash from operations | (19.80) | 5.97 | 9.74 | 2.47 | 8.25 | (2.73) |
| Cash from investing | (44.64) | (5.90) | (3.32) | (4.13) | (12.65) | (5.81) |
| Cash from financing | 63.50 | 1.50 | (4.81) | 1.36 | 4.55 | 8.09 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 27 Oct 2026
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 258 | 85.82 | 58.71 | 43.55 | 24.35 | 18.91 |
| Revenue growth | +200.2% | +46.2% | +34.8% | +78.9% | +28.8% | - |
| Other income | 0.72 | 0.29 | 0.06 | 0.17 | 0.07 | 0.06 |
| Total expenses | 228 | 68.77 | 47.81 | 37.27 | 21.28 | 16.72 |
| Employee cost | 13.37 | 8.05 | 6.96 | 5.80 | 5.74 | 4.31 |
| EBITDA | 29.27 | 17.05 | 10.90 | 6.28 | 3.07 | 2.19 |
| EBITDA margin | +11.4% | +19.9% | +18.6% | +14.4% | +12.6% | +11.6% |
| Depreciation | 5.42 | 3.54 | 2.77 | 2.78 | 0.67 | 0.08 |
| Interest | 4.62 | 2.94 | 2.84 | 2.75 | 1.10 | 0.73 |
| Profit before tax | 19.95 | 10.86 | 5.35 | 0.92 | 1.37 | 1.44 |
| Tax | 4.89 | 2.83 | 1.19 | 0.48 | 0.39 | 0.39 |
| Net profit | 14.38 | 8.03 | 4.16 | 0.44 | 0.98 | 1.05 |
| Net profit margin | +5.6% | +9.4% | +7.1% | +1.0% | +4.0% | +5.6% |
| EPS (₹) | 14.06 | 10.20 | 4,169.60 | 422.90 | 966.30 | 1,058.74 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 10.72 | 7.86 | 0.01 | 0.01 | 0.01 | 0.01 |
| Reserves & surplus | 45.01 | 8.33 | 8.16 | 3.99 | 3.56 | 2.60 |
| Shareholders' funds (net worth) | 55.73 | 16.19 | 8.17 | 4.00 | 3.57 | 2.61 |
| Secured loans | 70.17 | 29.71 | 24.84 | 25.11 | 17.14 | 10.67 |
| Unsecured loans | 0.00 | 0.02 | 0.50 | 2.23 | 6.15 | 7.00 |
| Total debt | 70.17 | 29.73 | 25.34 | 27.34 | 23.29 | 17.67 |
| Total liabilities | 127 | 46.76 | 34.19 | 31.92 | 27.38 | 20.45 |
| Assets | ||||||
| Gross block | 63.49 | 35.59 | 28.67 | 28.57 | 24.40 | 11.70 |
| Net block | 48.17 | 25.69 | 22.31 | 24.97 | 23.59 | 11.56 |
| Capital work in progress | 12.21 | 2.41 | 3.28 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 59.96 | 14.06 | 8.68 | 8.28 | 3.18 | 4.25 |
| Cash & bank balances | 10.90 | 4.24 | 2.58 | 0.97 | 1.27 | 1.13 |
| Loans & advances | 25.66 | 9.22 | 9.31 | 4.70 | 5.94 | 5.05 |
| Total current assets | 96.52 | 27.52 | 20.57 | 13.95 | 10.39 | 10.43 |
| Total current liabilities | 33.15 | 10.19 | 12.63 | 7.35 | 6.79 | 1.94 |
| Net working capital | 63.37 | 17.33 | 7.94 | 6.60 | 3.60 | 8.49 |
| Total assets | 127 | 46.76 | 34.19 | 31.92 | 27.38 | 20.45 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 4.14 | 2.58 | 0.97 | 1.27 | 1.13 | 1.57 |
| Net cash from operating activities | (19.80) | 5.97 | 9.74 | 2.47 | 8.25 | (2.73) |
| Net cash from investing activities | (44.64) | (5.90) | (3.32) | (4.13) | (12.65) | (5.81) |
| Net cash from financing activities | 63.50 | 1.50 | (4.81) | 1.36 | 4.55 | 8.09 |
| Net change in cash | (0.94) | 1.56 | 1.61 | (0.31) | 0.15 | (0.45) |
| Closing cash | 10.90 | 4.24 | 2.58 | 0.97 | 1.27 | 1.13 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +200.2% | +46.2% | +34.8% | +78.9% | +28.8% | - |
| EBITDA growth | +71.7% | +56.4% | +73.6% | +104.6% | +40.2% | - |
| PBT growth | +83.7% | +103.0% | +481.5% | -32.9% | -4.9% | +9997.0% |
| Net income growth | +79.1% | +93.0% | +845.5% | -55.1% | -6.7% | - |
| Revenue CAGR (3Y) | +80.9% | +52.2% | +45.9% | - | - | - |
| EBITDA CAGR (3Y) | +67.0% | +77.1% | +70.7% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +5.8% | +9.4% | +7.1% | +1.0% | +4.0% | +5.6% |
| Return on capital employed | +28.3% | +34.1% | +24.8% | +12.4% | +10.3% | +10.7% |
| Return on net worth | +41.9% | +65.9% | +68.5% | +11.1% | +31.4% | +40.6% |
| Debt / equity | 1.39 | 2.26 | 4.33 | 6.69 | 6.63 | 6.77 |
| Long-term debt / equity | 0.74 | 1.35 | 2.80 | 4.95 | 5.51 | 6.23 |
| Interest cover | 19.37 | 21.76 | 34.93 | 78.57 | 45.83 | 34.60 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 5.20 | 2.67 | 2.05 | 1.64 | 1.35 | 1.62 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 6.96 | 7.55 | 6.92 | 7.60 | 6.55 | 4.45 |
| EPS (₹) | 14.06 | 10.20 | 4,169.60 | 422.90 | 966.30 | 1,058.74 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 52.00 | 20.59 | 8,166.90 | 3,997.30 | 3,574.40 | 2,608.09 |
To see the full year-wise statements and ratios of Iware Supplychain Services Limited, buy the company report.
Board of directors of Iware Supplychain Services Limited
Iware Supplychain Services has 7 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajnish Gautam Also directs: Edisafe Logistics Private Limited, Inter India Roadways Private Limited, Arrissto Paradise LLP and 2 more | Whole-Time Director | 17 Jan 2018 | 8 Years 9 Months | Current |
| Krishnakumar Jagadishprasad Tanwar Also directs: Gandhidham Buildspace Private Limited, Edisafe Logistics Private Limited, Inter India Roadways Private Limited and 1 more | Managing Director | 17 Jan 2018 | 8 Years 9 Months | Current |
| Mukesh Chandra | Director | 09 Jan 2026 | 0 Years 9 Months | Current |
| Vikas Krishnakumar Tanwar Also directs: Inter India Roadways Private Limited, Akt Logistics LLP, VPR Warehousing Solutions LLP and 1 more | Managing Director | 09 Jan 2026 | 0 Years 9 Months | Current |
| Sarang Vishnupant Jagtap | Director | 29 Nov 2024 | 1 Years 10 Months | Current |
| Lakshman Thakur | Director | 29 Nov 2024 | 1 Years 10 Months | Current |
Showing 6 of 7 current directors. View all directors
Charges & borrowings
Open charges
₹101.99 Cr
Satisfied charges
₹19.06 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 May 2026 | 101299148 | Axis Bank Limited | ₹56 Lakh | Open | |
| 22 May 2026 | 101303255 | Axis Bank Limited | ₹3.78 Cr | Open | |
| 15 May 2026 | 101318306 | Others | ₹22 Cr | Open | |
| 30 Apr 2026 | 101294493 | Others | ₹6.77 Cr | Open | |
| 28 Apr 2026 | 101294010 | Others | ₹4.17 Cr | Open |
To see the full charge records of Iware Supplychain Services Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
Iware Supplychain Services Limited has 1 deal on record (1 ipo); the latest was in April 2025.
Total deals
1
IPO
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2025 | IPO | ₹27.13 Cr | Investors: Public Market Investors |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Iware Supplychain Services 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
Iware Supplychain Services Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Iware Supplychain Services Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Iware Supplychain Services has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECI7449C1ZP | Gujarat | Active | 27 Feb 2018 |
| 07AAECI7449C1ZL | Delhi | Active | 23 Apr 2018 |
To see the full GST registrations and return filing status of Iware Supplychain Services Limited, buy the company report.
Recent activity
Iware Supplychain Services Limited has 10 board changes on record since 2018: 8 appointments and 2 cessations. The latest: Mukesh Chandra was appointed as Director on 09 Jan 2026.
AGM
Iware Supplychain Services Limited last Annual general meeting of members was held on 07 Aug 2026 as per latest MCA records.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.56 Cr with Charge ID 101299148 was registered on 26 May 2026.
Charges
A charge with Axis Bank Limited amounted to Rs. 3.78 Cr with Charge ID 101303255 was registered on 22 May 2026.
Charges
A charge with Others amounted to Rs. 22.00 Cr with Charge ID 101318306 was registered on 15 May 2026.
Charges
A charge with Others amounted to Rs. 6.77 Cr with Charge ID 101294493 was registered on 30 Apr 2026.
Charges
A charge with Others amounted to Rs. 4.17 Cr with Charge ID 101294010 was registered on 28 Apr 2026.
Filing
Iware Supplychain Services Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 3.03 Cr with Charge ID 101289782 was registered on 31 Mar 2026.
Charges
A charge registered on 07 Feb 2022 via Charge ID 100536174 with Others was fully satisfied on 23 Mar 2026.
Charges
A charge with Others amounted to Rs. 1.56 Cr with Charge ID 101243576 was registered on 03 Feb 2026.
Charges
A charge with Others amounted to Rs. 0.15 Cr with Charge ID 101241790 was registered on 29 Jan 2026.
Appointed
Mukesh Chandra was appointed as Director.
26 earlier events are in the company report.
Frequently asked questions
Iware Supplychain Services is an active public limited company based in Ahmedabad, Gujarat, India. The company works in cold storage and warehousing services, within the transport and logistics industry. It was incorporated on 17 January 2018 (8+ years old) and is registered under CIN L63090GJ2018PLC100589. Listed on NSE: IWARE.
Iware Supplychain Services reported revenue of ₹257.66 Cr for FY 2025-26 (up 200.2% YoY) based on standalone financials.
Iware Supplychain Services has 7 current directors:
- Krishnakumar Jagadishprasad Tanwar - Managing Director
- Vikas Krishnakumar Tanwar - Managing Director
- Rajnish Gautam - Whole-Time Director
- Mukesh Chandra - Director
- Sarang Vishnupant Jagtap - Director
- Lakshman Thakur - Director
- Divya Vikas Tanwar - Director
The latest financial statements of Iware Supplychain Services on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 07 August 2026. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Iware Supplychain Services is 24AAECI7449C1ZP, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AAECI7449C1ZL (Delhi).
The CIN (Corporate Identification Number) of Iware Supplychain Services is L63090GJ2018PLC100589. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Iware Supplychain Services is a listed company as per MCA records. Its shares are listed on NSE (symbol: IWARE).
Iware Supplychain Services was incorporated on 17 January 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Iware Supplychain Services has 1 deal on record (1 ipo); the latest was in April 2025.
Mukesh Chandra was appointed as Director on 09 Jan 2026. Vikas Krishnakumar Tanwar was appointed as Managing Director on 09 Jan 2026. Lakshman Thakur was appointed as Director on 29 Nov 2024. Iware Supplychain Services has 10 board changes on record in total.
Yes, Iware Supplychain Services is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0032156).