Watave Software Solutions LLP

Watave Software Solutions LLP - information technology in Belgaum, Karnataka, India. FY 2026 financials & compliance.
LLPIN AAD-8345 Incorporated 27 April 2015 ROC Bangalore HQ Belgaum, Karnataka, India
Active Limited Liability Partnership information technology
Data last updated
Revenue · FY 2021
₹1.04 Cr
▼ 3% YoY
Net profit · FY 2021
₹9.22 Lakh
Net margin 8.9%
EBITDA · FY 2021
₹13.15 Lakh
EBITDA margin 12.7%
Contribution obligation
₹1 Lakh
As per LLP agreement
LLP age
11 yrs
Est. 2015
Designated partners
2
As per MCA filings
Active GSTINs
1
GST registered
Last financials
Mar 2025
Balance sheet date

About Watave Software Solutions LLP

Data last updated:

Watave Software Solutions LLP is a limited liability partnership (LLP) based in Belgaum, Karnataka, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 27 April 2015 and has been in existence for over 11 years.

The LLP is registered with the Registrar of Companies (ROC), Bangalore, under LLPIN AAD-8345. Its GSTIN is 29AACFW0547J1ZX (Karnataka).

The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners Maithili Manohar Watave and Shailendra Manohar Watave.

Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at 74 Indraprastha Yashwant Vihar Nanawadi, Belgaum, Karnataka, India – 590009.

As per the financials filed for FY 2021, the LLP reported a revenue of ₹1.04 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹9.22 Lakh (net margin 8.9%) and EBITDA of ₹13.15 Lakh (EBITDA margin 12.7%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 11% over five years.

Company Details of Watave Software Solutions LLP
LLPIN AAD-8345
Incorporation Date 27 April 2015
Total Obligation of Contribution ₹1 Lakh
ROC Bangalore
Company Status Active
Date of Last AGM 31 March 2025
Date of Balance Sheet 31 March 2025
Key People
Maithili Manohar Watave Designated Partner Shailendra Manohar Watave Designated Partner
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    Locked
  • Social Media
    Locked
  • Registered Address
    74 Indraprastha Yashwant Vihar Nanawadi, Belgaum, Karnataka, India – 590009
  • Industry
    Information Technology, Application Development & Software Solutions
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Financials, compliance, directors, charges, ownership and filings for Watave Software Solutions LLP in one report.

Financials from FY 2016 Directors & ownership Charges & compliance

Financials of Watave Software Solutions LLP FY 2025 filings available

Watave Software Solutions LLP reported revenue of ₹1.04 Cr (down 3% YoY) for FY 2021.

Revenue · FY 2021
₹1.04 Cr ▼ 3%
Net profit · FY 2021
₹9.22 Lakh margin 8.9%
EBITDA · FY 2021
₹13.15 Lakh margin 12.7%

Compounded Annual Growth Rate (CAGR) of Watave Software Solutions LLP

Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 3%
5 years · compounded
▲ 11%
EBITDA CAGR growth
1 year
▼ 16%
3 years · compounded
▼ 9%
5 years · compounded
▼ 4%

Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 16% 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 Watave Software Solutions LLP

Statement of Account and SolvencyFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Income and Expenditure
Turnover••••••••••••••••••••
Other Income••••••••••••••••••••
Total Income••••••••••••••••••••
Purchases and Direct Costs••••••••••••••••••••
Personnel Expenses••••••••••••••••••••
Administrative Expenses••••••••••••••••••••
Interest••••••••••••••••••••
Depreciation••••••••••••••••••••
Total Expenses••••••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax••••••••••••••••••••
Profit After Tax₹9.22 Lakh••••••••••••••••
Profit Transferred to Partners••••••••••••••••••••
Assets and Liabilities
Partners' Contribution••••••••••••••••••••
Reserves and Surplus••••••••••••••••••••
Secured Loans••••••••••••••••••••
Unsecured Loans••••••••••••••••••••
Trade Payables••••••••••••••••••••
Other Liabilities and Provisions••••••••••••••••••••
Total Liabilities••••••••••••••••••••
Fixed Assets••••••••••••••••••••
Investments••••••••••••••••••••
Loans and Advances••••••••••••••••••••
Inventories••••••••••••••••••••
Trade Receivables••••••••••••••••••••
Cash and Bank Balance••••••••••••••••••••
Total Assets••••••••••••••••••••

Financial Ratios of Watave Software Solutions LLP

Statement of Account and SolvencyFY 2020-21FY 2019-20FY 2018-19FY 2017-18FY 2016-17
Profitability
Net Profit Margin8.9%••••••••••••••••
Return on Partners' Funds••••••••••••••••••••
Return on Assets••••••••••••••••••••
Liquidity and Debt
Current Ratio••••••••••••••••••••
Debt to Partners' Funds••••••••••••••••••••
Interest Coverage••••••••••••••••••••
Efficiency and Growth
Asset Turnover••••••••••••••••••••
Receivable Days••••••••••••••••••••
Turnover Growth••••••••••••••••••••
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 8. The full year-wise statements and ratios of Watave Software Solutions are in the company report.

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Financial statements from FY 2016

Earlier years and trend charts are in the company report.

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Designated Partners of Watave Software Solutions LLP

Watave Software Solutions has 2 designated partners on record. No former designated partners are listed.

Current Designated Partners
NameDesignationAppointment DateTenureStatus
Maithili Manohar Watave
Also directs: Watave Constructions Private Limited
Designated Partner27 Apr 201511 Years 5 MonthsCurrent
Shailendra Manohar Watave
Also directs: Watave Constructions Private Limited
Designated Partner27 Apr 201511 Years 5 MonthsCurrent
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Ownership and Shareholding of Watave Software Solutions LLP

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Charges & Borrowings of Watave Software Solutions LLP

Watave Software Solutions LLP does not have any charges (loans) registered with the Registrar of Companies.

Employees and EPFO Compliance at Watave Software Solutions LLP

Employment history and EPFO contributions of people linked to Watave Software Solutions.

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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Watave Software Solutions LLP

Watave Software Solutions LLP has 2 designated partner changes on record since 2015: 2 appointments. The latest: Maithili Manohar Watave was appointed as Designated Partner on 27 Apr 2015.

AGM
Watave Software Solutions Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Filing
Watave Software Solutions Llp has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Maithili Manohar Watave was appointed as Designated Partner.
Appointed
Shailendra Manohar Watave was appointed as Designated Partner.
Incorporation
27 Apr 2015
Watave Software Solutions Llp was registered on 27 Apr 2015 with Roc Bangalore & aged 11 years 5 months as per MCA records.

Credit Ratings, Litigation & Regulatory Alerts for Watave Software Solutions LLP

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MSME Payment Delays by Watave Software Solutions LLP

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Subsidiaries & Group Companies of Watave Software Solutions LLP

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GST Compliance of Watave Software Solutions LLP

Watave Software Solutions has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
29AACFW0547J1ZXKarnatakaActive01 Jul 2017
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GST registrations and filing compliance

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MCA Filings & Documents of Watave Software Solutions LLP

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Frequently Asked Questions about Watave Software Solutions LLP

Watave Software Solutions is an active limited liability partnership based in Belgaum, Karnataka, India. The LLP works in application development and software solutions, within the information technology industry. It was incorporated on 27 April 2015 (11+ years old) and is registered under LLPIN AAD-8345.

Watave Software Solutions reported revenue of ₹1.04 Cr for FY 2021 (down 3% YoY).

Watave Software Solutions has 2 current designated partners:

Watave Software Solutions reported a net profit of ₹9.22 Lakh (net margin 8.9%) and EBITDA of ₹13.15 Lakh (EBITDA margin 12.7%) for FY 2021, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Watave Software Solutions is 3% over three years and 11% over five years. In the latest year (FY 2021) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Watave Software Solutions is 29AACFW0547J1ZX, registered in Karnataka.

The LLPIN (Limited Liability Partnership Identification Number) of Watave Software Solutions is AAD-8345. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.

Watave Software Solutions was incorporated on 27 April 2015, making it 11+ years old. It is registered with the Registrar of Companies, Bangalore.

Maithili Manohar Watave was appointed as Designated Partner on 27 Apr 2015. Shailendra Manohar Watave was appointed as Designated Partner on 27 Apr 2015.

The registered office of Watave Software Solutions is at 74 Indraprastha Yashwant Vihar Nanawadi, Belgaum, Karnataka, India – 590009.

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