Ocean Waves Maritime Private Limited
About Ocean Waves Maritime Private Limited
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Ocean Waves Maritime Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the financial and credit leasing segment of the financial services sector. It was incorporated on 08 October 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U61200MH2013PTC248972. Its GSTIN is 27AABCO9128R1ZP (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Shabbir Mansurbhoy Kagalwala and Adnan Shabbir Kagalwala.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹51.27 Lakh, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹1.51 Lakh (net margin 2.9%) and EBITDA of ₹2.93 Lakh (EBITDA margin 5.7%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 29% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressUnit No 117 3rd Floor Municipal Industrial Estate Bapty Road, West, Mumbai, Maharashtra, India – 400008
- IndustryFinancial Services, Financial & Credit Leasing
- 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
- One PDF report, delivered after checkout
Business Activity of Ocean Waves Maritime Private Limited
The main business activity of Ocean Waves Maritime is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ocean Waves Maritime Private Limited FY 2025 filings available
Ocean Waves Maritime Private Limited reported revenue of ₹51.27 Lakh (down 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Ocean Waves Maritime Private Limited
Revenue fell 32% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 29%. EBITDA fell 78% 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 of Ocean Waves Maritime Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹2.93 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.51 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 | •••• | •••• | •••• | •••• | •••• |
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| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Ocean Waves Maritime Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ocean Waves Maritime are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Ocean Waves Maritime Private Limited
Ocean Waves Maritime Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Activities auxiliary to financial service and insurance activities). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Balakrishnan Investors Services Private Limited | •••• | •••• | •••• | •••• | - | Ernakulam, Kerala, India |
| Ind Global Securities Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Simply Scale Securities Private Limited | •••• | •••• | •••• | •••• | - | Pattabiram, Tamil Nadu, India |
| Dhanalakshmi Srinivasan (Telangana) Nidhi Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Rudrashri Marketing Solutions Private Limited | •••• | •••• | •••• | •••• | - | Indore, Madhya Pradesh, India |
| Ocean Waves Maritime Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Sygole Capital Services Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| B.V.M. Investments and Securities Private Limited | •••• | •••• | •••• | •••• | - | Ahmednagar, Maharashtra, India |
| Fantom Merchants Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Ravsun Forefront Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Subh Dharm Chit Fund Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Ocean Waves Maritime by revenue in the same principal business activity (Activities auxiliary to financial service and insurance activities), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Ocean Waves Maritime Private Limited
Ocean Waves Maritime Private Limited is audited by RAHEJA&ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAHEJA&ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Ocean Waves Maritime Private Limited
Ocean Waves Maritime has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shabbir Mansurbhoy Kagalwala | Director | 08 Oct 2013 | 13 Years 0 Months | Current |
| Adnan Shabbir Kagalwala | Director | 08 Oct 2013 | 13 Years 0 Months | Current |
Ownership and Shareholding of Ocean Waves Maritime Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ocean Waves Maritime Private Limited
Ocean Waves Maritime Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ocean Waves Maritime Private Limited
Employment history and EPFO contributions of people linked to Ocean Waves Maritime.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Ocean Waves Maritime Private Limited
Ocean Waves Maritime Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Adnan Shabbir Kagalwala was appointed as Director on 08 Oct 2013.
Credit Ratings, Litigation & Regulatory Alerts for Ocean Waves Maritime Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ocean Waves Maritime Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ocean Waves Maritime Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ocean Waves Maritime Private Limited
Ocean Waves Maritime has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCO9128R1ZP | Maharashtra | Active | 19 Feb 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ocean Waves Maritime Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ocean Waves Maritime Private Limited
Ocean Waves Maritime is an active private limited company based in Mumbai, Maharashtra, India. The company works in financial and credit leasing, within the financial services industry. It was incorporated on 08 October 2013 (13+ years old) and is registered under CIN U61200MH2013PTC248972.
Ocean Waves Maritime reported revenue of ₹51.27 Lakh for FY 2025 (down 32% YoY).
Ocean Waves Maritime has 2 current directors:
- Shabbir Mansurbhoy Kagalwala - Director
- Adnan Shabbir Kagalwala - Director
Ocean Waves Maritime reported a net profit of ₹1.51 Lakh (net margin 2.9%) and EBITDA of ₹2.93 Lakh (EBITDA margin 5.7%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ocean Waves Maritime is 3% over three years and 29% over five years. In the latest year (FY 2025) revenue fell 32%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Ocean Waves Maritime is 27AABCO9128R1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ocean Waves Maritime is U61200MH2013PTC248972. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ocean Waves Maritime was incorporated on 08 October 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ocean Waves Maritime by revenue are Balakrishnan Investors Services Private Limited, Ind Global Securities Limited, Simply Scale Securities Private Limited, Dhanalakshmi Srinivasan (Telangana) Nidhi Limited, Rudrashri Marketing Solutions Private Limited and 5 more, all in the same principal business activity (Activities auxiliary to financial service and insurance activities).
Adnan Shabbir Kagalwala was appointed as Director on 08 Oct 2013. Shabbir Mansurbhoy Kagalwala was appointed as Director on 08 Oct 2013.
The registered office of Ocean Waves Maritime is at Unit No 117 3rd Floor Municipal Industrial Estate Bapty Road, West, Mumbai, Maharashtra, India – 400008.