About Wave Industries Private Limited
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Wave Industries Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the sugar processing segment of the agriculture sector. It was incorporated on 17 December 1997 and has been in existence for over 29 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1997PTC091198. Its GSTIN is 07AAACC6691C3ZR (Delhi). The company holds 12 GST registrations, of which 6 are active.
The company has an authorised share capital of ₹130 Cr and a paid-up capital of ₹71.42 Cr. It was formerly known as Chadha Sugars Limited and Chadha Sugars Private Limited. It is led by directors including Prem Prakash Khurana (Whole-Time Director) and Davinder Singh Bindra (Whole-Time Director).
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 Mezzanine Floor M – 4 New Delhi South Extension Part – II, Delhi, India – 110049.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,363.07 Cr, a growth of 1% compared to the previous year. For the same year it recorded a net loss of ₹1.99 Cr (net margin -0.1%) and EBITDA of ₹95.92 Cr (EBITDA margin 7%). Revenue has grown at a compounded annual rate (CAGR) of 12% over five years.
The company has about 533 employees on its provident fund (EPFO) records. Its group structure includes 10 subsidiaries and 1 joint venture.
The company is associated with 1 brand: Wave Industries. As per MCA filings, the company has open charges of ₹1,659.05 Cr and satisfied charges of ₹1,595.47 Cr on record. Court records list 182 cases involving the company, including 102 filed by the company and 81 filed against it; 57 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website waveindustries.in.
Company details
Name history
Wave Industries has undergone 2 name changes throughout its history. The company was previously known as Chadha Sugars Limited, and Chadha Sugars Private Limited. The current legal name is Wave Industries Private Limited.
| Company Name | Status |
|---|---|
| Wave Industries Private Limited | Current |
| Chadha Sugars Limited | Previous |
| Chadha Sugars Private Limited | Previous |
Contact details
Wave Industries Private Limited's registered office is in New Delhi, Delhi. Its website is waveindustries.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressMezzanine Floor M – 4 New Delhi South Extension Part – II, Delhi, India – 110049
- IndustryAgriculture, Sugar Processing
To see the full contact details of Wave Industries Private Limited, buy the company report.
- 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
Wave Industries operates one associated brand: Wave Industries. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Sugar manufacturing and agro product handling are conducted by Wave Industries in India. | waveindustries.in |
Business activity
The main business activities of Wave Industries are manufacturing, electricity, gas, steam and air condition supply and trade. 5 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | |
| C | Manufacturing | C5 | Coke and refined petroleum products | |
| C | Manufacturing | C7 | Metal and metal products | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Wave Industries Private Limited, buy the company report.
Financials of Wave Industries Private Limited
FY 2024 filings availableWave Industries Private Limited reported revenue of ₹1,363.07 Cr (up 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 1% growth in the latest year. EBITDA rose 24% 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 | FY 2020-21 |
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| EBITDA | ₹95.92 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.99 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7% | ||||
| Net Profit Margin | -0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Wave Industries Private Limited, buy the company report.
Board of directors of Wave Industries Private Limited
Wave Industries has 5 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shashank Swaroop Bhatnagar | Director | 12 Dec 2023 | 2 Years 10 Months | Current |
| Prem Prakash Khurana | Whole-Time Director | 20 Jan 2025 | 1 Years 9 Months | Current |
| Davinder Singh Bindra | Whole-Time Director | 05 Dec 2019 | 6 Years 10 Months | Current |
| Venkat Ram Reddy Busi Reddy | Whole-Time Director | 29 Jul 2024 | 2 Years 2 Months | Current |
| Shukram Pal Tomer Also directs: NR Infracon Private Limited | Whole-Time Director | 23 Sep 2024 | 2 Years 1 Months | Current |
Peer comparison
Wave Industries Private Limited is compared with the 8 companies closest to it by revenue in the Agriculture industry (Sugar), 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 |
|---|---|---|---|---|---|---|
| NSL Sugars Limited | ₹1,454.06 Cr (FY 2024) | -19.0% | Bangalore, Karnataka, India | |||
| The Ugar Sugar Works Ltd | ₹1,420.81 Cr (FY 2025) | 8.0% | Sangli, Maharashtra, India | |||
| Simbhaoli Sugars Limited | ₹1,417.43 Cr (FY 2023) | -1.0% | Ghaziabad, Uttar Pradesh, India | |||
| Dwarikesh Sugar Industries Limited | ₹1,365.32 Cr (FY 2025) | -21.0% | Bijnore, Uttar Pradesh, India | |||
| Wave Industries Private Limitedthis company | ₹1,363.07 Cr (FY 2025) | -₹1.99 Cr | -0.1% | 1.0% | 533 | New Delhi, Delhi, India |
| Magadh Sugar & Energy Limited | ₹1,325.11 Cr (FY 2025) | 21.0% | Sitapur, Uttar Pradesh, India | |||
| Indian Cane Power Limited | ₹1,279.13 Cr (FY 2024) | -7.0% | Davanagere, Karnataka, India | |||
| Modi Industries Limited | ₹1,196.75 Cr (FY 2025) | 2.0% | Uttar Pradesh, India | |||
| The Oudh Sugar Mills Limited | ₹1,171.78 Cr (FY 2016) | -15.0% | Uttar Pradesh, India |
To see the full peer comparison of Wave Industries Private Limited, buy the company report.
Auditor
Wave Industries Private Limited is audited by V. Sankar Aiyar & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. Sankar Aiyar & Co | FY 2023 | 109208W |
Shareholding
The shareholding of Wave Industries Private 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 Industries Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Aug 2025 | 101154142 | Others | ₹35 Cr | Open | |
| 02 Aug 2025 | 101144440 | Others | ₹15 Cr | Open | |
| 26 Jun 2025 | 101116413 | Others | ₹11.14 Lakh | Open | |
| 24 Mar 2025 | 101078528 | Others | ₹1 Cr | Open | |
| 12 Feb 2025 | 101053437 | Others | ₹8.45 Cr | Open |
To see the full charge records of Wave Industries Private Limited, buy the company report.
Total charge records: 107 View all charges
Legal cases
Wave Industries Private Limited has 182 court cases on record: 102 filed by Wave Industries, 81 filed against it. 57 cases are pending and 125 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 90 | 27 | 30 |
| District courts | 59 | 43 | 22 |
| Supreme Court | 32 | 11 | 5 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 182)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, UTTARPRADESH | Court case (SAPL) | Filed by the company against Uttar Pradesh State Sugar Corporation Ltd. and 10 others | Pending |
| Supreme Court | Court case (0816-Letter Petition & Pil Matters : SLPs filed against judgments / orders passed by the High Courts in Writ Petitions filed as PIL) | Filed by the company against Uttar Pradesh State Sugar Corporation Limited Through Its Chairman/Managing Director Lucknow, Uttar Pradesh , , Other and 7 others | Pending |
| District court, Bulandshahr, Uttar Pradesh | Execution petition | Filed by the company against M/S M Sans International Ltd | Pending |
| District court, Bijnor, Uttar Pradesh | Revision petition | Filed by the company against Triveni Engineering and Industries Ltd. | Pending |
| District court, South East, Delhi | Criminal case | Filed by the company against Metamozez Entertainment Pvt Ltd | Pending |
To see the full case history of Wave Industries 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.
Credit ratings & regulatory alerts
Wave Industries Private Limited was last rated by Brickwork on 12 Mar 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 12 Mar 2022 |
To see the full credit ratings and regulatory alerts of Wave Industries Private Limited, buy the company report.
MSME payment delays
Wave Industries Private Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 302 overdue payments to 71 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 71)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Alpha Engineering and Systems Private Limited | |||
| Catalysts Bio-Technologies Private Limited | |||
| High Force Hydraulics Private Limited | |||
| Meera Enterprises |
To see the full MSME payment records of Wave Industries Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Wave Industries has 10 subsidiary companies, 1 joint venture, and 1 associated company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Wave Agro Private Limited | U01400DL2009PTC193979 | |
| Wi Ventures Private Limited | U15100UP2023PTC176870 | |
| Prim Eco Bharat Solutions Private Limited | U40200UP2022PTC168692 | |
| RCPL Food Processing Private Limited | U45201UP2004PTC042060 | |
| Halo Real Estate Private Limited | U70100DL2010PTC202780 | |
| Power Built Builders and Developers Private Limited | U70109DL2006PTC152115 |
To see the full group structure of Wave Industries Private Limited, buy the company report.
Employees & EPFO
Wave Industries Private Limited has a workforce of 533 employees on its EPFO records as of Apr 10, 2024, across 3 active EPFO establishments.
GST
Wave Industries has 12 GST registrations: 6 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACC6691C3ZR | Delhi | Active | 31 Jan 2018 |
| 09AAACC6691C3ZN | Uttar Pradesh | Active | 01 Jul 2017 |
| 09AAACC6691C6ZK | Uttar Pradesh | Active | 20 Jan 2018 |
| 09AAACC6691C7ZJ | Uttar Pradesh | Active | 02 May 2018 |
To see the full GST registrations and return filing status of Wave Industries Private Limited, buy the company report.
Recent activity
Wave Industries Private Limited has 24 board changes on record since 2009: 5 appointments and 19 cessations. The latest: Prem Prakash Khurana was appointed as Whole-Time Director on 20 Jan 2025.
197 earlier events are in the company report.
Frequently asked questions
Wave Industries is an active private limited company based in New Delhi, Delhi, India. The company works in sugar processing, within the agriculture industry. It was incorporated on 17 December 1997 (29+ years old) and is registered under CIN U74899DL1997PTC091198.
Wave Industries has 5 current directors:
- Prem Prakash Khurana - Whole-Time Director
- Davinder Singh Bindra - Whole-Time Director
- Venkat Ram Reddy Busi Reddy - Whole-Time Director
- Shukram Pal Tomer - Whole-Time Director
- Shashank Swaroop Bhatnagar - Director
The latest financial statements of Wave Industries 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 Industries is 07AAACC6691C3ZR, registered in Delhi. The company has 12 GST registrations in all, of which 6 are active and 6 are cancelled or inactive. Other active GSTINs include 09AAACC6691C3ZN (Uttar Pradesh), 09AAACC6691C6ZK (Uttar Pradesh), 09AAACC6691C7ZJ (Uttar Pradesh).
The CIN (Corporate Identification Number) of Wave Industries is U74899DL1997PTC091198. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wave Industries has 182 court cases on record: 102 filed by the company and 81 filed against it. 57 are pending. Most are in the high courts.
Wave Industries was incorporated on 17 December 1997, making it 29+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Wave Industries by revenue are NSL Sugars Limited, The Ugar Sugar Works Ltd, Simbhaoli Sugars Limited, Dwarikesh Sugar Industries Limited, Magadh Sugar & Energy Limited and 3 more, all in the Agriculture industry (Sugar), with the same principal business activity (food, beverages and tobacco products).
Prem Prakash Khurana was appointed as Whole-Time Director on 20 Jan 2025. Prem Prakash Khurana ceased to be Additional Director on 20 Jan 2025. Shashank Swaroop Bhatnagar ceased to be Additional Director on 29 Sep 2024. Wave Industries has 24 board changes on record in total.
Wave Industries has 12 MSME Form 1 returns on record between 2019 and 2024, listing 302 overdue payments to 71 micro and small suppliers. The latest return was filed on 07 May 2024.
Wave Industries can be reached through the website waveindustries.in. Its registered office is in New Delhi, Delhi, India.
The registered office of Wave Industries is at Mezzanine Floor M – 4 New Delhi South Extension Part – II, Delhi, India – 110049.