MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-KR-03-0060716
Iwave Systems Technologies Private Limited - information technology in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹46.4 Cr
▲ 32% YoY
Net profit · FY 2023
₹1.34 Cr
Net margin 2.9%
EBITDA · FY 2023
₹2.36 Cr
EBITDA margin 5.1%
Authorised capital
₹40 Lakh
Registered with MCA
Paid-up capital
₹34.62 Lakh
Issued & subscribed
Satisfied charges
₹5.62 Cr
No open charges
Company age
27 yrs
Est. 1999
Employees · EPFO
59
Provident fund records
About Iwave Systems Technologies Private Limited
Data last updated:
Iwave Systems Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 03 September 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72100KA1999PTC025672. Its GSTIN is 29AAACI6320E1ZV (Karnataka).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹34.62 Lakh. It is led by directors including Ghouse Ahmed and Abdullah Mohamedjohn Khan.
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 7/B 29th Main Btm Layout 2nd Stage Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2023, the company reported a revenue of ₹46.4 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹1.34 Cr (net margin 2.9%) and EBITDA of ₹2.36 Cr (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 3% over five years.
The company has about 59 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: iWave Systems. As per MCA filings, the company has satisfied charges of ₹5.62 Cr on record. Court records list 10 cases involving the company, including 7 filed by the company and 3 filed against it; 1 case is pending.
Iwave Systems Technologies Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-KR-03-0060716). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iwavesystems.com.
Company details
CIN U72100KA1999PTC025672
Registration Number 025672
Incorporation Date 03 September 1999
ROC Bangalore
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-KR-03-0060716
Recognitions & Rankings of Iwave Systems Technologies
Contact details
Iwave Systems Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is iwavesystems.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address7/B 29th Main Btm Layout 2nd Stage Bangalore, Karnataka, India – 560076
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Iwave Systems Technologies Private Limited, buy the company report.
Comprehensive company report
Iwave Systems Technologies 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Iwave Systems Technologies operates one associated brand: iWave Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Embedded hardware, software, and FPGA design services are provided. | iwavesystems.com |
Business activity
The main business activity of Iwave Systems Technologies 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 Iwave Systems Technologies Private Limited, buy the company report.
Financials of Iwave Systems Technologies Private Limited
FY 2024 filings availableIwave Systems Technologies Private Limited reported revenue of ₹46.4 Cr (up 32% YoY) for FY 2023.
Revenue · FY 2023
₹46.4 Cr ▲ 32%
Net profit · FY 2023
₹1.34 Cr margin 2.9%
EBITDA · FY 2023
₹2.36 Cr margin 5.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 32%
3 years · compounded
▼ 17%
5 years · compounded
▲ 3%
EBITDA CAGR growth
1 year
▲ 3%
3 years · compounded
▼ 14%
5 years · compounded
▲ 5%
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 32% growth in the latest year. EBITDA rose 3% 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 | ₹46.4 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.36 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.34 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 | 5.1% | ||||
| Net Profit Margin | 2.9% | ||||
| 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 Iwave Systems Technologies Private Limited, buy the company report.
Board of directors of Iwave Systems Technologies Private Limited
Iwave Systems Technologies has 3 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ghouse Ahmed | Director | 03 Sep 1999 | 27 Years 2 Months | Current |
| Abdullah Mohamedjohn Khan | Director | 03 Sep 1999 | 27 Years 2 Months | Current |
| Mohamed Saliya | Director | 03 Sep 1999 | 27 Years 2 Months | Current |
Peer comparison
Iwave Systems Technologies Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with 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 |
|---|---|---|---|---|---|---|
| G4s IT Services (India) Private Limited. | ₹46.73 Cr (FY 2025) | -8.0% | Gurgaon, Haryana, India | |||
| Beehyv Software Solutions Private Limited | ₹46.71 Cr (FY 2025) | 9.0% | Hyderabad, Telangana, India | |||
| Iwave Systems Technologies Private Limitedthis company | ₹46.4 Cr (FY 2023) | ₹1.34 Cr | 2.9% | 32.0% | Bangalore, Karnataka, India | |
| New Balance IT Services India Private Limited | ₹45.9 Cr (FY 2025) | 14.0% | Pune, Maharashtra, India |
To see the full peer comparison of Iwave Systems Technologies Private Limited, buy the company report.
Auditor
Iwave Systems Technologies Private Limited is audited by VASANTH AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VASANTH AND CO | FY 2023 | 008204S |
Shareholding
The shareholding of Iwave Systems Technologies Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Iwave Systems Technologies Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹5.62 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Sep 2014 | 10524632 | Axis Bank Limited | ₹2.7 Cr | Satisfied | |
| 19 May 2010 | 10219296 | State Bank of India | ₹2.75 Cr | Satisfied | |
| 07 Sep 2009 | 10174382 | State Bank of India | ₹17 Lakh | Satisfied |
To see the full charge records of Iwave Systems Technologies Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Iwave Systems Technologies Private Limited has 10 court cases on record: 7 filed by Iwave Systems Technologies, 3 filed against it. 1 case is pending and 9 are disposed.
Total cases
10
Filed by the company
7
Filed against the company
3
Pending
1
Disposed
9
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 1 | 0 |
| District courts | 2 | 1 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Execution petition | Filed by the company against Hal Edgewood Technologies Private Limited | Pending |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by Hal-Edgewood Technologies Pvt. Ltd Rep by Its Authorised Representative and Procurement Manager V. Radhakrishnan Registered Office at 3Rd Floor, Old Adb Building, Hal Main Factory, Next to Dparture Lounge, Old Airport Road, ,Bangalore , Karnataka | Disposed |
| District court, BENGALURU, Karnataka | Court case (A.S.) | Filed against the company by Hal Edgewood Technologies Private Limited | Disposed |
| High Court of Karnataka | Interim or miscellaneous application | Filed by the company against Hal-Edgewood Technologies Private Limited | Disposed |
| High Court of Karnataka | Court case (OSA) | Filed by the company against Hal- Edgewood Technologies Private Limited | Disposed |
To see the full case history of Iwave Systems 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Iwave Systems Technologies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Iwave Systems Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACI6320E1ZV | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Iwave Systems Technologies Private Limited, buy the company report.
Recent activity
Iwave Systems Technologies Private Limited has 3 board changes on record since 1999: 3 appointments. The latest: Abdullah Mohamedjohn Khan was appointed as Director on 03 Sep 1999.
AGM
Iwave Systems Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Iwave Systems Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.
Charges
A charge registered on 29 Sep 2014 via Charge ID 10524632 with Axis Bank Limited was fully satisfied on 23 Mar 2016.
Charges
A charge with Axis Bank Limited amounted to Rs. 270.00 Lakh with Charge ID 10524632 was registered on 29 Sep 2014.
Charges
A charge registered on 07 Sep 2009 via Charge ID 10174382 with State Bank Of India was fully satisfied on 17 Jun 2014.
Charges
A charge registered on 19 May 2010 via Charge ID 10219296 with State Bank Of India was fully satisfied on 09 Jun 2014.
Charges
A charge with State Bank Of India amounted to Rs. 275.00 Lakh with Charge ID 10219296 was registered on 19 May 2010.
Charges
A charge with State Bank Of India amounted to Rs. 17.00 Lakh with Charge ID 10174382 was registered on 07 Sep 2009.
Appointed
Abdullah Mohamedjohn Khan was appointed as Director.
Appointed
Ghouse Ahmed was appointed as Director.
Appointed
Mohamed Saliya was appointed as Director.
Incorporation
03 Sep 1999
Iwave Systems Technologies Private Limited was registered on 03 Sep 1999 with Roc Bangalore & aged 27 years 2 months as per MCA records.
News
Frequently asked questions
Iwave Systems Technologies 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 03 September 1999 (27+ years old) and is registered under CIN U72100KA1999PTC025672.
Iwave Systems Technologies has 3 current directors:
- Ghouse Ahmed - Director
- Abdullah Mohamedjohn Khan - Director
- Mohamed Saliya - Director
The latest financial statements of Iwave Systems Technologies 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 2015 are in the company report.
The GSTIN of Iwave Systems Technologies is 29AAACI6320E1ZV, registered in Karnataka.
The CIN (Corporate Identification Number) of Iwave Systems Technologies is U72100KA1999PTC025672. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Iwave Systems Technologies has 10 court cases on record: 7 filed by the company and 3 filed against it. 1 is pending. Most are in the high courts.
Iwave Systems Technologies was incorporated on 03 September 1999, making it 27+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Iwave Systems Technologies by revenue are G4s IT Services (India) Private Limited, Beehyv Software Solutions Private Limited, New Balance IT Services India Private Limited, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (computer programming, consultancy and related activities).
Abdullah Mohamedjohn Khan was appointed as Director on 03 Sep 1999. Ghouse Ahmed was appointed as Director on 03 Sep 1999. Mohamed Saliya was appointed as Director on 03 Sep 1999.
Yes, Iwave Systems Technologies is registered as an MSME under Udyam registration (number: UDYAM-KR-03-0060716).
Iwave Systems Technologies can be reached through the website iwavesystems.com. Its registered office is in Bangalore, Karnataka, India.
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