- #1,482 Ankit Garg & family ₹1,400 Cr

About Wakefit Innovations Limited
Data last updated:
Wakefit Innovations Limited is a public limited company based in Bangalore, Karnataka, India. It operates in the home furnishings manufacturing segment of the consumer goods sector. It was incorporated on 01 March 2016 and has been in existence for over 10 years.
Its director Ankit Garg and family are #1,482 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN L52590KA2016PLC086582. Its GSTIN is 29AABCW7791A1Z3 (Karnataka). The company holds 26 GST registrations, of which 23 are active. Its shares are listed on BSE: 544642 and NSE: WAKEFIT.
The company has an authorised share capital of ₹53.93 Cr and a paid-up capital of ₹33.16 Cr. It is led by directors including Ankit Garg and Chaitanya Ramalingegowda.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Umiya Emporium 97 – 99 2nd And 4th Floor Adugodi Tavarekere Opp. Forum Mall Hosur Road, Bangalore, Karnataka, India – 560029.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹1,488.94 Cr, a growth of 16.9% compared to the previous year. For the same year it recorded a net profit of ₹188.67 Cr (net margin 12.7%) and EBITDA of ₹179.29 Cr (EBITDA margin 12%). The net worth stands at ₹1,131.82 Cr (up 117.4% YoY). Total assets are valued at ₹1,412.61 Cr (up 76.1% YoY).
The company has about 2,014 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Wakefit. As per MCA filings, the company has open charges of ₹251.01 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 17 deals on record (8 funding rounds, 6 secondary share transfers, 1 rights issue), with disclosed funding of ₹867.31 Cr; the latest was in December 2025. The company has 21 MSME Form 1 returns on record between 2021 and 2024, listing 802 overdue payments to 75 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wakefit.co.
Company details
CIN history
Wakefit Innovations has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L52590KA2016PLC086582, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L52590KA2016PLC086582 | Current |
| U52590KA2016PLC086582 | Previous |
| U52590KA2016PTC086582 | Previous |
Recognitions & Rankings of Wakefit Innovations
Contact details
Wakefit Innovations Limited's registered office is in Bangalore, Karnataka.
- Social Media
- Registered AddressUmiya Emporium 97 – 99 2nd And 4th Floor Adugodi Tavarekere Opp. Forum Mall Hosur Road, Bangalore, Karnataka, India – 560029
- IndustryConsumer Goods, Home Furnishings Manufacturing
- 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
Brands
Wakefit Innovations operates one associated brand: Wakefit. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| An internet first brand company offering customized mattresses | wakefit.co |
Business activity
The main business activity of Wakefit Innovations is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products and other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | |
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Wakefit Innovations Limited, buy the company report.
Financials of Wakefit Innovations Limited
FY 2025-26 filings availableWakefit Innovations Limited reported revenue of ₹1,488.94 Cr (up 16.9% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue 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 | 1,489 | 1,274 | 986 | 813 | 633 | 409 |
| Revenue growth | +16.9% | +29.1% | +21.4% | +28.5% | +54.8% | - |
| EBITDA | 179 | 59.88 | 36.06 | (85.11) | (78.71) | (40.02) |
| EBITDA margin | +12.0% | +4.7% | +3.7% | -10.5% | -12.4% | -9.8% |
| Profit before tax | 91.10 | (35.00) | (15.06) | (146) | (107) | (37.42) |
| Net profit | 189 | (42.04) | (19.53) | (147) | (107) | (43.65) |
| Net profit margin | +12.7% | -3.3% | -2.0% | -18.1% | -17.0% | -10.7% |
| EPS (₹) | 5.73 | (33.27) | (14.56) | (144.09) | (105.36) | (36.68) |
| Balance sheet | ||||||
| Total assets | 1,413 | 802 | 741 | 620 | 468 | 240 |
| Net worth | 1,132 | 521 | 544 | 505 | 341 | 239 |
| Total debt | 272 | 273 | 190 | 0.00 | 22.70 | 0.00 |
| Cash & bank | 243 | 10.20 | 17.21 | 173 | 17.66 | 90.83 |
| Net working capital | 474 | 238 | 248 | 182 | 113 | 121 |
| Cash flow | ||||||
| Cash from operations | 245 | 76.22 | 80.59 | (20.46) | (148) | (69.37) |
| Cash from investing | (499) | (2.11) | (147) | (201) | (50.23) | (104) |
| Cash from financing | 336 | (70.62) | 8.75 | 275 | 190 | 185 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 405 | 344 | 421 | 377 | 347 | 303 | 385 |
| Revenue growth (YoY) | +16.7% | +13.6% | +9.4% | - | - | - | - |
| Other income | 15.62 | 17.55 | 11.17 | 9.58 | 8.47 | 8.46 | 7.25 |
| Total expenses | 349 | 307 | 366 | 336 | 303 | 297 | 365 |
| EBITDA | 56.40 | 36.48 | 55.24 | 40.86 | 44.28 | 5.98 | 20.00 |
| EBITDA margin | +13.9% | +10.6% | +13.1% | +10.8% | +12.8% | +2.0% | +5.2% |
| Depreciation | 28.33 | 24.13 | 27.51 | 27.15 | 25.67 | 29.78 | 22.70 |
| Interest | 7.39 | 6.23 | 7.04 | 7.33 | 7.47 | 10.84 | 6.96 |
| Profit before tax | 36.30 | 23.67 | 31.86 | 15.96 | 19.61 | (26.18) | (2.41) |
| Tax | 12.92 | (98.07) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|
| Revenue | 405 | 344 | 421 | 377 | 347 | 303 | 385 |
| Revenue growth (YoY) | +16.7% | +13.6% | +9.4% | - | - | - | - |
| Other income | 15.62 | 17.55 | 11.17 | 9.58 | 8.47 | 8.46 | 7.25 |
| Total expenses | 349 | 307 | 366 | 336 | 303 | 297 | 365 |
| EBITDA | 56.40 | 36.48 | 55.24 | 40.86 | 44.28 | 5.98 | 20.00 |
| EBITDA margin | +13.9% | +10.6% | +13.1% | +10.8% | +12.8% | +2.0% | +5.2% |
| Depreciation | 28.33 | 24.13 | 27.51 | 27.15 | 25.67 | 29.78 | 22.70 |
| Interest | 7.39 | 6.23 | 7.04 | 7.33 | 7.47 | 10.84 | 6.96 |
| Profit before tax | 36.30 | 23.67 | 31.86 | 15.96 | 19.61 | (26.18) | (2.41) |
| Tax | 12.92 | (98.07) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Revenue | 1,489 | 1,274 | 986 | 813 | 633 | 409 |
| Revenue growth | +16.9% | +29.1% | +21.4% | +28.5% | +54.8% | - |
| Other income | 45.43 | 31.74 | 30.98 | 7.39 | 4.44 | 8.22 |
| Total expenses | 1,310 | 1,214 | 950 | 898 | 711 | 449 |
| Employee cost | 166 | 166 | 135 | 106 | 91.52 | 57.75 |
| EBITDA | 179 | 59.88 | 36.06 | (85.11) | (78.71) | (40.02) |
| EBITDA margin | +12.0% | +4.7% | +3.7% | -10.5% | -12.4% | -9.8% |
| Depreciation | 104 | 96.24 | 63.89 | 47.27 | 24.05 | 5.29 |
| Interest | 29.17 | 30.38 | 18.21 | 20.69 | 8.20 | 0.33 |
| Profit before tax | 91.10 | (35.00) | (15.06) | (146) | (107) | (37.42) |
| Tax | (98.07) | 0.00 | 0.00 | 0.00 | 0.00 | (0.37) |
| Net profit | 189 | (42.04) | (19.53) | (147) | (107) | (43.65) |
| Net profit margin | +12.7% | -3.3% | -2.0% | -18.1% | -17.0% | -10.7% |
| EPS (₹) | 5.73 | (33.27) | (14.56) | (144.09) | (105.36) | (36.68) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Equity & liabilities | ||||||
| Share capital | 33.00 | 20.30 | 20.28 | 1.01 | 1.01 | 1.66 |
| Reserves & surplus | 1,099 | 500 | 523 | 487 | 340 | 238 |
| Shareholders' funds (net worth) | 1,132 | 521 | 544 | 505 | 341 | 239 |
| Secured loans | 0.00 | 0.00 | 7.36 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 272 | 273 | 183 | 0.00 | 22.70 | 0.00 |
| Total debt | 272 | 273 | 190 | 0.00 | 22.70 | 0.00 |
| Total liabilities | 1,413 | 802 | 741 | 620 | 468 | 240 |
| Assets | ||||||
| Gross block | 685 | 613 | 455 | 355 | 251 | 55.34 |
| Net block | 389 | 415 | 329 | 290 | 227 | 48.54 |
| Capital work in progress | 1.66 | 0.74 | 2.14 | 3.47 | 42.97 | 1.53 |
| Investments | 79.94 | 51.25 | 138 | 31.50 | 65.04 | 38.89 |
| Inventories | 198 | 164 | 131 | 116 | 137 | 76.20 |
| Sundry debtors | 2.20 | 5.86 | 28.09 | 16.83 | 13.66 | 7.82 |
| Cash & bank balances | 243 | 10.20 | 17.21 | 173 | 17.66 | 90.83 |
| Loans & advances | 370 | 307 | 260 | 48.51 | 50.73 | 20.12 |
| Total current assets | 813 | 486 | 436 | 354 | 219 | 195 |
| Total current liabilities | 339 | 248 | 187 | 172 | 106 | 74.23 |
| Net working capital | 474 | 238 | 248 | 182 | 113 | 121 |
| Total assets | 1,413 | 802 | 741 | 620 | 468 | 240 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Opening cash | 7.12 | 3.63 | 61.52 | 8.56 | 16.16 | 4.60 |
| Net cash from operating activities | 245 | 76.22 | 80.59 | (20.46) | (148) | (69.37) |
| Net cash from investing activities | (499) | (2.11) | (147) | (201) | (50.23) | (104) |
| Net cash from financing activities | 336 | (70.62) | 8.75 | 275 | 190 | 185 |
| Net change in cash | 81.37 | 3.49 | (57.90) | 52.96 | (7.60) | 11.56 |
| Closing cash | 243 | 10.20 | 17.21 | 173 | 17.66 | 90.83 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|---|
| Growth | ||||||
| Sales growth | +16.9% | +29.1% | +21.4% | +28.5% | +54.8% | - |
| EBITDA growth | +199.4% | +66.1% | +142.4% | -8.1% | -96.7% | - |
| PBT growth | +9998.0% | -132.4% | +89.7% | -36.8% | -184.7% | +9997.0% |
| Net income growth | +548.8% | -115.3% | +86.7% | -36.7% | -146.2% | - |
| Revenue CAGR (3Y) | +22.4% | +26.3% | +34.2% | - | - | - |
| Profitability & leverage | ||||||
| Net income margin | +12.7% | -2.8% | -1.5% | -17.9% | -16.8% | -9.1% |
| Return on capital employed | +10.3% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | +21.5% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.33 | 0.44 | 0.18 | 0.03 | 0.04 | 0.00 |
| Long-term debt / equity | 0.24 | 0.32 | 0.13 | 0.00 | 0.00 | 0.00 |
| Interest cover | 38.98 | -83.55 | -65.43 | -15.63 | -7.98 | -0.73 |
| Efficiency & per share | ||||||
| Fixed asset turnover | 2.29 | 2.38 | 2.44 | 2.68 | 4.13 | 11.05 |
| Inventory turnover | 8.24 | 8.66 | 8.01 | 6.43 | 5.93 | 8.42 |
| Debtors turnover | 369.46 | 75.03 | 43.92 | 53.30 | 58.90 | 92.76 |
| EPS (₹) | 5.73 | (33.27) | (14.56) | (144.09) | (105.36) | (36.68) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 34.30 | 476.54 | 507.12 | 482.69 | 336.84 | 236.44 |
To see the full year-wise statements and ratios of Wakefit Innovations Limited, buy the company report.
Board of directors of Wakefit Innovations Limited
Wakefit Innovations has 9 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ankit Garg | Director | 01 Mar 2016 | 10 Years 7 Months | Current |
| Sakshi Vijay Chopra Also directs: Go Fashion (India) Limited, Wingreens Farms Private Limited, Manash Lifestyle Private Limited and 3 more | Nominee Director | 19 Dec 2018 | 7 Years 10 Months | Current |
| Chaitanya Ramalingegowda | Director | 19 Apr 2019 | 7 Years 6 Months | Current |
| Mukul Arora | Nominee Director | 04 Jun 2025 | 1 Years 4 Months | Current |
| Gunender Kapur Also directs: Vishal Mega Mart Limited, Inner Essence Private Limited, Vishal E-Commerce Private Limited and 1 more | Director | 04 Jun 2025 | 1 Years 4 Months | Current |
| Alok Chandra Misra | Director | 04 Jun 2025 | 1 Years 4 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Mar 2024 | 100897066 | Hdfc Bank Limited | ₹50 Cr | Open | |
| 22 Dec 2022 | 100664692 | Axis Bank Limited | ₹25 Cr | Open | |
| 03 Jun 2022 | 100584786 | The Hongkong and Shanghai Banking Corporation Limited | ₹40 Cr | Open | |
| 29 Nov 2021 | 100511800 | Yes Bank Limited | ₹26 Cr | Open | |
| 22 Jul 2021 | 100472934 | Axis Bank Limited | ₹1 Lakh | Open |
To see the full charge records of Wakefit Innovations Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
Wakefit Innovations Limited has 17 deals on record (8 funding rounds, 6 secondary share transfers, 1 rights issue), with disclosed funding of ₹867.31 Cr; the latest was in December 2025.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2025 | Market trade | ₹41.73 Cr | Buyer: Junomoneta Finsol Private Limited Seller: Junomoneta Finsol Private Limited |
| Dec 2025 | IPO | ₹1,288.89 Cr | Investors: HDFC Life Insurance Company Limited , Bajaj Life Insurance Limited , 360 ONE (IIFL Asset Management) Seller: Peak XV Partners (Sequoia India and SEA), Verlinvest, 2 individuals |
| Nov 2025 | Funding round | ₹56 Cr | Investors: DSP India Fund, 360 ONE (IIFL Asset Management) |
| May 2025 | Rights issue | ₹26 Lakh | Investors: Indigoedge, 3 individuals |
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: Elevation Capital (SAIF Partners) Seller: Esop Shareholders - Wakefit Innovations Private Limited, an individual |
To see the full deal history of Wakefit Innovations Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Wakefit Innovations Limited has 1 court case on record: 1 filed by Wakefit Innovations. All case is pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Court case (COMIP) | Filed by the company against Comfort Grid Technologies Pvt. Ltd. | Pending |
To see the full case history of Wakefit Innovations 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
Wakefit Innovations Limited has 21 MSME Form 1 returns on record between 2021 and 2024, listing 802 overdue payments to 75 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 75)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| K.T. Gray Cloth Private Limited | |||
| an individual supplier | |||
| Bansi Office Solutions Private Limited | |||
| Quality Thermopack and Insulations |
To see the full MSME payment records of Wakefit Innovations Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Wakefit Innovations has 26 GST registrations: 23 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCW7791A1Z3 | Karnataka | Active | 01 Jul 2017 |
| 29AABCW7791A2Z2 | Karnataka | Active | 22 Jun 2023 |
| 36AABCW7791A1Z8 | Telangana | Active | 15 Feb 2018 |
| 27AABCW7791A1Z7 | Maharashtra | Active | 30 May 2018 |
To see the full GST registrations and return filing status of Wakefit Innovations Limited, buy the company report.
Recent activity
Wakefit Innovations Limited has 22 board changes on record since 2016: 9 appointments and 13 cessations. The latest: Varun Laul ceased to be Nominee Director on 13 Jun 2025.
25 earlier events are in the company report.
News
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Frequently asked questions
Wakefit Innovations is an active public limited company based in Bangalore, Karnataka, India. The company works in home furnishings manufacturing, within the consumer goods industry. It was incorporated on 01 March 2016 (10+ years old) and is registered under CIN L52590KA2016PLC086582. Listed on BSE: 544642 and NSE: WAKEFIT.
Wakefit Innovations reported revenue of ₹1,488.94 Cr for FY 2025-26 (up 16.9% YoY) based on standalone financials.
Wakefit Innovations has 9 current directors:
- Ankit Garg - Director
- Sakshi Vijay Chopra - Nominee Director
- Chaitanya Ramalingegowda - Director
- Mukul Arora - Nominee Director
- Gunender Kapur - Director
- Alok Chandra Misra - Director
- Arindam Paul - Director
- Sandhya Pottigari - Director
- Sudeep Nagar - Director
The latest financial statements of Wakefit Innovations on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Wakefit Innovations is 29AABCW7791A1Z3, registered in Karnataka. The company has 26 GST registrations in all, of which 23 are active and 3 are cancelled or inactive. Other active GSTINs include 29AABCW7791A2Z2 (Karnataka), 36AABCW7791A1Z8 (Telangana), 27AABCW7791A1Z7 (Maharashtra).
The CIN (Corporate Identification Number) of Wakefit Innovations is L52590KA2016PLC086582. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Wakefit Innovations is listed on both BSE (code: 544642) and NSE (symbol: WAKEFIT).
Wakefit Innovations has 1 court case on record: 1 filed by the company. 1 is pending.
Wakefit Innovations was incorporated on 01 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Wakefit Innovations has 17 deals on record (8 funding rounds, 6 secondary share transfers, 1 rights issue), with disclosed funding of ₹867.31 Cr; the latest was in December 2025.
Varun Laul ceased to be Nominee Director on 13 Jun 2025. Manvitha Janagam ceased to be Nominee Director on 06 Jun 2025. Alok Chandra Misra was appointed as Director on 04 Jun 2025. Wakefit Innovations has 22 board changes on record in total.