About Wave Distilleries and Breweries Limited
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Wave Distilleries and Breweries Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Chadha Holdings Private Limited. It operates in the alcoholic beverage manufacturing and distribution segment of the food and beverages sector. It was incorporated on 08 July 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U24110DL2008PLC180576. Its GSTIN is 09AABCU0335J1ZE (Uttar Pradesh). The company holds 5 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹45 Cr and a paid-up capital of ₹41.25 Cr. It was formerly known as Ubio Chemicals Limited. It is led by directors including Surinder Singh Batra (Whole-Time Director) and Manmeet Singh Chadha.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Unit No. 29 K – 185/1/T/F Sarai Julaina, New Delhi, Delhi, India – 110025.
As per the financials filed for FY 2024, the company reported a revenue of ₹915.6 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹119.83 Cr (net margin 13.1%) and EBITDA of ₹196.89 Cr (EBITDA margin 21.5%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 16% over five years.
The company has about 828 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹131.5 Cr and satisfied charges of ₹354.45 Cr on record. Court records list 30 cases involving the company, including 14 filed by the company and 16 filed against it; 8 cases are pending. The company has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹41.2 Cr; the latest was in March 2010. Its 3 peer companies in the Food and Beverages industry (Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 1 larger and 2 smaller; the largest is RSL Distilleries Private Limited with revenue of ₹1,181.99 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 3 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 thewavegroup.com.
Company details
Contact details
Wave Distilleries and Breweries Limited's registered office is in New Delhi, Delhi. Its website is thewavegroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 29 K – 185/1/T/F Sarai Julaina, New Delhi, Delhi, India – 110025
- IndustryFood and Beverages, Alcoholic Beverage Manufacturing & Distribution
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- 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 Wave Distilleries and Breweries is manufacturing. In detail, this covers food, beverages and tobacco products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products |
To see the full business activity and turnover split of Wave Distilleries and Breweries Limited, buy the company report.
Financials of Wave Distilleries and Breweries Limited
FY 2024 filings availableWave Distilleries and Breweries Limited reported revenue of ₹915.6 Cr (up 9% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 9% growth in the latest year. EBITDA rose 38% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹196.89 Cr | ||||
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| Net Profit (PAT) | ₹119.83 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.5% | ||||
| Net Profit Margin | 13.1% | ||||
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To see the full financial statements and ratios of Wave Distilleries and Breweries Limited, buy the company report.
Board of directors of Wave Distilleries and Breweries Limited
Wave Distilleries and Breweries has 3 current directors and 14 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Surinder Singh Batra | Whole-Time Director | 01 Nov 2009 | 17 Years 0 Months | Current |
| Manmeet Singh Chadha Also directs: Kara Global Spirits LLP, Molind Engineering Limited, Flora and Fauna Housing and Land Developements Private Limited and 5 more | Director | 17 Nov 2020 | 5 Years 11 Months | Current |
| Surjeet Kaur Also directs: A B Sugars Limited, Omkar Pharmachem Limited | Director | 14 Jul 2015 | 11 Years 4 Months | Current |
Peer comparison
Wave Distilleries and Breweries Limited is compared with the 3 companies closest to it by revenue in the Food and Beverages industry (Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| RSL Distilleries Private Limited | ₹1,181.99 Cr (FY 2025) | 49.0% | Chandigarh, India | |||
| Wave Distilleries and Breweries Limitedthis company | ₹915.6 Cr (FY 2024) | ₹119.83 Cr | 13.1% | 9.0% | 828 | New Delhi, Delhi, India |
| Ankur Biochem Private Limited | ₹881.9 Cr (FY 2024) | 53.0% | Asansol, West Bengal, India | |||
| Upper Ganges Sugar and Industries Limited | ₹844.64 Cr (FY 2016) | -2.0% | Uttar Pradesh, India |
To see the full peer comparison of Wave Distilleries and Breweries Limited, buy the company report.
Auditor
Wave Distilleries and Breweries Limited is audited by Jhalaria and Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Jhalaria and Associates LLP | FY 2023 | 026426N |
Shareholding
The shareholding of Wave Distilleries and Breweries Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Wave Distilleries and Breweries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Sep 2024 | 100985928 | State Bank of India | ₹81.5 Cr | Open | |
| 18 Sep 2014 | 10530604 | State Bank of India | ₹50 Cr | Open | |
| 31 Mar 2022 | 100588656 | State Bank of India | ₹10 Cr | Satisfied | |
| 04 Feb 2022 | 100540051 | State Bank of India | ₹45 Cr | Satisfied | |
| 30 Mar 2021 | 100458517 | State Bank of India | ₹35.45 Cr | Satisfied |
To see the full charge records of Wave Distilleries and Breweries Limited, buy the company report.
Total charge records: 9 View all charges
Deals & funding
Wave Distilleries and Breweries Limited has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹41.2 Cr; the latest was in March 2010.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Chadha Holdings Private Limited Seller: Wave Industries Private Limited |
| Aug 2009 | Secondary share transfer | Undisclosed | Buyer: Wave Industries Private Limited & Jatinder Kaur, Wave Industries Private Limited & S Kulwant Singh Chadha, Wave Industries Private Limited & S Gurdeep Singh Chadha Seller: Uflex Limited & Prabhat Nanda, Uflex Limited , Uflex Limited & Subhash Khatha |
| Apr 2009 | Secondary share transfer | Undisclosed | Buyer: Wave Industries Private Limited Seller: Uflex Limited |
| Mar 2009 | Funding round | ₹41.2 Cr | Investors: Uflex Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Wave Distilleries and Breweries Limited has 30 court cases on record: 14 filed by Wave Distilleries and Breweries, 16 filed against it. 8 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 4 | 3 |
| NCLAT | 8 | 8 | 1 |
| District courts | 7 | 4 | 4 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by The Andhra Sugars Limited | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Balrampur Chini Mills Ltd. | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by India Glycols Limited | Disposed |
| Allahabad High Court | Writ petition | Filed by the company against Oswaloverseas Ltd. Sugar Division Nawaganj Bareilly and 2 others | Disposed |
| District court, Aligarh, Uttar Pradesh | Civil suit | Filed by the company against an individual | Pending |
To see the full case history of Wave Distilleries and Breweries 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.
Credit ratings & regulatory alerts
Wave Distilleries and Breweries Limited was last rated by Care on 06 Aug 2026.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Aug 2026 |
To see the full credit ratings and regulatory alerts of Wave Distilleries and Breweries Limited, buy the company report.
MSME payment delays
Wave Distilleries and Breweries Limited has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 3 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 (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Girdhari Lal Manohar Lal Glass Works No.2 | |||
| BDMP Cargo Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Wave Distilleries and Breweries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Wave Distilleries and Breweries has 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Wave Distilleries and Breweries Limited has a workforce of 828 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 828 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Wave Distilleries and Breweries Limited, buy the company report.
GST
Wave Distilleries and Breweries has 5 GST registrations: 1 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AABCU0335J1ZE | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Wave Distilleries and Breweries Limited, buy the company report.
Recent activity
Wave Distilleries and Breweries Limited has 14 board changes on record since 2009: 3 appointments and 11 cessations. The latest: Iqbal Singh ceased to be Director on 31 Mar 2024.
26 earlier events are in the company report.
Frequently asked questions
Wave Distilleries and Breweries is an active public limited company based in New Delhi, Delhi, India. The company works in alcoholic beverage manufacturing and distribution, within the food and beverages industry. It was incorporated on 08 July 2008 (18+ years old) and is registered under CIN U24110DL2008PLC180576.
Wave Distilleries and Breweries has 3 current directors:
- Surinder Singh Batra - Whole-Time Director
- Manmeet Singh Chadha - Director
- Surjeet Kaur - Director
The latest financial statements of Wave Distilleries and Breweries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Wave Distilleries and Breweries is 09AABCU0335J1ZE, registered in Uttar Pradesh. The company has 5 GST registrations in all, of which 1 is active and 4 are cancelled or inactive.
The CIN (Corporate Identification Number) of Wave Distilleries and Breweries is U24110DL2008PLC180576. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wave Distilleries and Breweries has 30 court cases on record: 14 filed by the company and 16 filed against it. 8 are pending. Most are in the high courts.
Wave Distilleries and Breweries was incorporated on 08 July 2008, making it 18+ years old. It is registered with the Registrar of Companies, Delhi.
Wave Distilleries and Breweries has 4 deals on record (3 secondary share transfers, 1 funding round), with disclosed funding of ₹41.2 Cr; the latest was in March 2010.
The peers of Wave Distilleries and Breweries by revenue are RSL Distilleries Private Limited, Ankur Biochem Private Limited, Upper Ganges Sugar and Industries Limited, all in the Food and Beverages industry (Alcoholic Beverages), with the same principal business activity (food, beverages and tobacco products).
Iqbal Singh ceased to be Director on 31 Mar 2024. Suresh Chandra Dani ceased to be Additional Director on 24 Dec 2021. Manmeet Singh Chadha was appointed as Director on 17 Nov 2020. Wave Distilleries and Breweries has 14 board changes on record in total.
Wave Distilleries and Breweries has 1 MSME Form 1 return on record for the period ending Mar 2024, listing 3 overdue payments to 3 micro and small suppliers. The latest return was filed on 07 May 2024.
Wave Distilleries and Breweries can be reached through the website thewavegroup.com. Its registered office is in New Delhi, Delhi, India.
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