Waterfall Insolvency Professionals Private Limited
About Waterfall Insolvency Professionals Private Limited
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Waterfall Insolvency Professionals Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the business support services segment of the business services sector. It was incorporated on 17 September 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2021PTC367657. Its GSTIN is 27AADCW0584F1ZA (Maharashtra).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.19 Cr. It is led by directors including Ramesh Jamnadas Vekaria (Whole-Time Director) and Abhay Narayan Manudhane (Whole-Time Director).
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 ₹5.57 Cr, a growth of 136% compared to the previous year. For the same year it recorded a net profit of ₹53.49 Lakh (net margin 9.6%) and EBITDA of ₹54.26 Lakh (EBITDA margin 9.7%). Revenue has grown at a compounded annual rate (CAGR) of 60% over three years.
Court records list 16 cases involving the company, including 3 filed by the company and 13 filed against it; 11 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Waterfall Insolvency Professionals Private Limited's registered office is in Mumbai, Maharashtra.
- Registered Address1221 12th Floor Maker Chambers – V, Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryBusiness Services, Business Support Services
- 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 Waterfall Insolvency Professionals is professional, scientific and technical. In detail, this covers other professional, scientific and technical activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Waterfall Insolvency Professionals Private Limited, buy the company report.
Financials of Waterfall Insolvency Professionals Private Limited
FY 2025 filings availableWaterfall Insolvency Professionals Private Limited reported revenue of ₹5.57 Cr (up 136% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 60% over three years, including 136% growth in the latest year. EBITDA rose 623% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹54.26 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹53.49 Lakh | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 9.7% | |||
| Net Profit Margin | 9.6% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Waterfall Insolvency Professionals Private Limited, buy the company report.
Board of directors of Waterfall Insolvency Professionals Private Limited
Waterfall Insolvency Professionals has 7 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Jamnadas Vekaria | Whole-Time Director | 17 Sep 2021 | 5 Years 1 Months | Current |
| Avinash Ambikaprasad Shukla | Director | 02 Sep 2023 | 3 Years 2 Months | Current |
| Shirley Mathew Also directs: Fresco NZ (India) Private Limited, Energy Management Engineers (India)Private Limited, Pbe Adx (India) Private Limited and 2 more | Director | 02 Sep 2023 | 3 Years 2 Months | Current |
| Abhay Narayan Manudhane | Whole-Time Director | 17 Sep 2021 | 5 Years 1 Months | Current |
| Anuja Sudhir Bhate | Director | 02 Sep 2023 | 3 Years 2 Months | Current |
| Gaurang Shah Chhotalal | Director | 02 Sep 2023 | 3 Years 2 Months | Current |
Legal cases
Waterfall Insolvency Professionals Private Limited has 16 court cases on record: 3 filed by Waterfall Insolvency Professionals, 13 filed against it. 11 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 13 | 13 | 11 |
| NCLT | 3 | 0 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Omkara Assets Reconstruction Private Limited Through Its Authorised Representative Ms. Avisa Fakki | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by Krrish and Brahma Buyers Association | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Krrish and Brahma Buyers Association | Pending |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by individuals | Pending |
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by individuals | Pending |
To see the full case history of Waterfall Insolvency Professionals 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 Waterfall Insolvency Professionals Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Waterfall Insolvency Professionals has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCW0584F1ZA | Maharashtra | Active | 01 Oct 2021 |
To see the full GST registrations and return filing status of Waterfall Insolvency Professionals Private Limited, buy the company report.
Recent activity
Waterfall Insolvency Professionals Private Limited has 14 board changes on record since 2021: 7 appointments and 7 cessations. The latest: Harshit Vanraj Merchant ceased to be Director on 10 Feb 2025.
5 earlier events are in the company report.
Frequently asked questions
Waterfall Insolvency Professionals is an active private limited company based in Mumbai, Maharashtra, India. The company works in business support services, within the business services industry. It was incorporated on 17 September 2021 (5+ years old) and is registered under CIN U74999MH2021PTC367657.
Waterfall Insolvency Professionals has 7 current directors:
- Ramesh Jamnadas Vekaria - Whole-Time Director
- Abhay Narayan Manudhane - Whole-Time Director
- Avinash Ambikaprasad Shukla - Director
- Shirley Mathew - Director
- Anuja Sudhir Bhate - Director
- Gaurang Shah Chhotalal - Director
- Brijendra Kumar Mishra - Additional Director
The latest financial statements of Waterfall Insolvency Professionals 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 FY 2022 are in the company report.
The GSTIN of Waterfall Insolvency Professionals is 27AADCW0584F1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Waterfall Insolvency Professionals is U74999MH2021PTC367657. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Waterfall Insolvency Professionals has 16 court cases on record: 3 filed by the company and 13 filed against it. 11 are pending. Most are in the nclat.
Waterfall Insolvency Professionals was incorporated on 17 September 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
Harshit Vanraj Merchant ceased to be Director on 10 Feb 2025. Brijendra Kumar Mishra was appointed as Additional Director on 21 Dec 2024. Anuja Sudhir Bhate ceased to be Additional Director on 27 Sep 2023. Waterfall Insolvency Professionals has 14 board changes on record in total.
The registered office of Waterfall Insolvency Professionals is at 1221 12th Floor Maker Chambers – V, Nariman Point, Mumbai, Maharashtra, India – 400021.
Waterfall Insolvency Professionals operates in the business services industry, in the business support services segment.
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