About Ocean Waves Leisure Private Limited
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Ocean Waves Leisure Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 24 July 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74120MH2014PTC256531. Its GSTIN is 27AACCO0252D1ZY (Maharashtra).
The company has an authorised share capital of ₹2.85 Cr and a paid-up capital of ₹2.25 Cr. It is led by directors including Heeren Arvind Karia and Shahid Abdulla Rakhange.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit No 1 Thacker Bldg Bata Compound Thane, Maharashtra, India – 400601.
As per the financials filed for FY 2024, the company reported a revenue of ₹14 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹79.25 Lakh (net margin 5.7%) and EBITDA of ₹1.07 Cr (EBITDA margin 7.7%).
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website oceanwaves.co.in.
Company details
Contact details
Ocean Waves Leisure Private Limited's registered office is in Thane, Maharashtra. Its website is oceanwaves.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No 1 Thacker Bldg Bata Compound Thane, Maharashtra, India – 400601
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Ocean Waves Leisure Private Limited, buy the company report.
- 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
Business activity
The main business activity of Ocean Waves Leisure is real estate activities. In detail, this covers real estate activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real estate activities | 68 | Real estate activities |
To see the full business activity and turnover split of Ocean Waves Leisure Private Limited, buy the company report.
Financials of Ocean Waves Leisure Private Limited
FY 2025 filings availableOcean Waves Leisure Private Limited reported revenue of ₹14 Cr (up 556% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 556% 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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| EBITDA | ₹1.07 Cr | ||||
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| Net Profit (PAT) | ₹79.25 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 7.7% | ||||
| Net Profit Margin | 5.7% | ||||
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To see the full financial statements and ratios of Ocean Waves Leisure Private Limited, buy the company report.
Board of directors of Ocean Waves Leisure Private Limited
Ocean Waves Leisure has 6 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Heeren Arvind Karia Also directs: Atmosiq Technology LLP | Director | 23 Oct 2019 | 7 Years 0 Months | Current |
| Shahid Abdulla Rakhange Also directs: Panch Dew Leisure Private Limited, Sunset Paradise LLP | Director | 01 Dec 2015 | 10 Years 10 Months | Current |
| Khalid Abdulla Rakhange Also directs: Panch Dew Leisure Private Limited, Sunset Paradise LLP | Director | 01 Dec 2015 | 10 Years 10 Months | Current |
| Jashay Jaswantraj Mehta | Director | 27 Mar 2023 | 3 Years 6 Months | Current |
| Krunal Muljibhai Sachdev Also directs: Shubh Aarambh Foods LLP, Swift Water Resorts LLP, Panch Dew Leisure Private Limited and 4 more | Director | 24 Jul 2014 | 12 Years 3 Months | Current |
| Ahmad Bahadur Makani Also directs: Shubh Aarambh Foods LLP, Swift Water Resorts LLP, Cigmat Marketing Company Private Limited and 4 more | Director | 24 Jul 2014 | 12 Years 3 Months | Current |
Auditor
Ocean Waves Leisure Private Limited is audited by ADB & ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ADB & ASSOCIATES | FY 2017 | 511139 |
Shareholding
The shareholding of Ocean Waves Leisure Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Ocean Waves Leisure Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ocean Waves Leisure 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 Ocean Waves Leisure Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ocean Waves Leisure has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCO0252D1ZY | Maharashtra | Active | 13 Jul 2018 |
To see the full GST registrations and return filing status of Ocean Waves Leisure Private Limited, buy the company report.
Recent activity
Ocean Waves Leisure Private Limited has 7 board changes on record since 2014: 6 appointments and 1 cessation. The latest: Jashay Jaswantraj Mehta was appointed as Director on 27 Mar 2023.
Frequently asked questions
Ocean Waves Leisure is an active private limited company based in Thane, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 24 July 2014 (12+ years old) and is registered under CIN U74120MH2014PTC256531.
Ocean Waves Leisure has 6 current directors:
- Heeren Arvind Karia - Director
- Shahid Abdulla Rakhange - Director
- Khalid Abdulla Rakhange - Director
- Jashay Jaswantraj Mehta - Director
- Krunal Muljibhai Sachdev - Director
- Ahmad Bahadur Makani - Director
The latest financial statements of Ocean Waves Leisure on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Ocean Waves Leisure is 27AACCO0252D1ZY, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ocean Waves Leisure is U74120MH2014PTC256531. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ocean Waves Leisure was incorporated on 24 July 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Jashay Jaswantraj Mehta was appointed as Director on 27 Mar 2023. Heeren Arvind Karia ceased to be Additional Director on 31 Dec 2020. Heeren Arvind Karia was appointed as Director on 23 Oct 2019. Ocean Waves Leisure has 7 board changes on record in total.
Ocean Waves Leisure can be reached through the website oceanwaves.co.in. Its registered office is in Thane, Maharashtra, India.
The registered office of Ocean Waves Leisure is at Unit No 1 Thacker Bldg Bata Compound Thane, Maharashtra, India – 400601.
Ocean Waves Leisure operates in the real estate and construction industry, in the real estate builders and developers segment.