About Wavecurrent Precision Parts Private Limited
Data last updated:
Wavecurrent Precision Parts Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 29 June 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U30007TN1995PTC032070. Its GSTIN is 33AAACW0697A1ZO (Tamil Nadu).
The company has an authorised share capital of ₹6 Cr and a paid-up capital of ₹1.75 Cr. It was formerly known as Wavecurrent Precision Parts Limited and Wave Current Automotive Limited. It is led by directors including Rekha Ashok and Ashok Chengama Sankaran.
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 No.177 SIDCO Industrial Estate Ambattur, Chennai, Tamil Nadu, India – 600098.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.8 Cr, a decline of 18% compared to the previous year. For the same year it recorded a net loss of ₹2.69 Lakh (net margin -1.5%) and EBITDA of ₹54 Lakh (EBITDA margin 30%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 6% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.05 Cr and satisfied charges of ₹4.1 Cr on record. Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it. The company has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹37.7 Lakh; the latest was in March 2022. Its 10 peer companies in the Automobiles industry (Auto Ancillary) are compared by revenue, 5 larger and 5 smaller; the largest is Biads India Private Limited with revenue of ₹1.81 Cr. The company has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 12 overdue payments to 7 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 wavecurrent.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.177 SIDCO Industrial Estate Ambattur, Chennai, Tamil Nadu, India – 600098
- IndustryAutomotive, Auto Parts & Components
- 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
- One PDF report, delivered after checkout
Business Activity of Wavecurrent Precision Parts Private Limited
The main business activity of Wavecurrent Precision Parts is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Wavecurrent Precision Parts Private Limited FY 2025 filings available
Wavecurrent Precision Parts Private Limited reported revenue of ₹1.8 Cr (down 18% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Wavecurrent Precision Parts Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 18% fall in the latest year. EBITDA fell 32% 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 Wavecurrent Precision Parts Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹54 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹2.69 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Wavecurrent Precision Parts Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 30% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -1.5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net 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 AOC-4. The full year-wise statements and ratios of Wavecurrent Precision Parts are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Wavecurrent Precision Parts Private Limited
Wavecurrent Precision Parts Private Limited is compared with the companies closest to it by revenue in the Automobiles industry (Auto Ancillary). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Biads India Private Limited | ₹1.81 Cr (FY 2025) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Vgenius Components India Private Limited | ₹1.81 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Bhiwadi, Rajasthan, India |
| Aan Automotive Private Limited | ₹1.8 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Tijara, Rajasthan, India |
| Kcas Electric Vehicles Private Limited | ₹1.8 Cr (FY 2024) | •••• | •••• | 70.0% | •••• | Moradabad, Uttar Pradesh, India |
| Farad India Private Limited | ₹1.8 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Mumbai, Maharashtra, India |
| Wavecurrent Precision Parts Private Limited this company | ₹1.8 Cr (FY 2024) | •••• | •••• | -18.0% | •••• | Chennai, Tamil Nadu, India |
| Sond Gears Pvt Ltd | ₹1.8 Cr (FY 2024) | •••• | •••• | 3.0% | •••• | Ludhiana, Punjab, India |
| Fregit Brakes Private Limited | ₹1.8 Cr (FY 2024) | •••• | •••• | -73.0% | •••• | Pune, Maharashtra, India |
| D D Gears Private Ltd | ₹1.8 Cr (FY 2025) | •••• | •••• | 78.0% | •••• | Delhi, India |
| Damayanti Auto Industries (OPC) Private Limited | ₹1.79 Cr (FY 2024) | •••• | •••• | 183.0% | •••• | Kolhapur, Maharashtra, India |
| Mehta Engineers Private Limited | ₹1.79 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Punjab, India |
Peers are the five companies nearest above and the five nearest below Wavecurrent Precision Parts by revenue in the Automobiles industry (Auto Ancillary), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Wavecurrent Precision Parts Private Limited
Wavecurrent Precision Parts Private Limited is audited by Ashok Golechha & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ashok Golechha & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Wavecurrent Precision Parts Private Limited
Wavecurrent Precision Parts has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rekha Ashok Also directs: Inland Marine Works Private Limited | Director | 30 Nov 2020 | 5 Years 10 Months | Current |
| Ashok Chengama Sankaran | Director | 30 Nov 2020 | 5 Years 10 Months | Current |
| Veluru Parthasarathy Rajeswari Also directs: Aero Pistons Private Limited | Director | 19 Feb 1997 | 29 Years 7 Months | Current |
Ownership and Shareholding of Wavecurrent Precision Parts Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Wavecurrent Precision Parts Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Apr 2024 | Others | ₹4.8 Cr | Open |
| 18 Mar 2024 | Others | ₹68.9 Lakh | Open |
| 20 Feb 2024 | Others | ₹3 Lakh | Open |
| 09 May 2023 | Axis Bank Limited | ₹20 Lakh | Open |
| 28 Oct 2021 | Hdfc Bank Limited | ₹19.07 Lakh | Open |
Total charge records: 10 View all charges
Deals & Funding of Wavecurrent Precision Parts Private Limited
Wavecurrent Precision Parts Private Limited has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹37.7 Lakh; the latest was in March 2022.
Deals on record (5 of 9)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Feb 2022 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 4 individuals |
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 4 individuals |
| Mar 2011 | Funding round | ₹37.7 Lakh | Investors: 4 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Full deal history
All 9 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Wavecurrent Precision Parts Private Limited
Wavecurrent Precision Parts Private Limited has 5 court cases on record: 1 filed by Wavecurrent Precision Parts, 4 filed against it. All cases are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 0 |
| High courts | 2 | 2 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by Nagel Special Machines Private Limited | Disposed |
| District court, Chennai, Tamil Nadu | Court case (ESI.OP) | Filed by the company against Employees State Insurance Corporation | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SUMMONS CASES SS) | Filed against the company by an individual | Disposed |
| Bombay High Court | Court case (SJ) | Filed against the company by an individual | Disposed |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Wavecurrent Precision Parts Private Limited
Wavecurrent Precision Parts Private Limited has 2 MSME Form 1 returns on record for the period ending Sep 2019, listing 12 overdue payments to 7 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 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Wavecurrent Precision Parts Private Limited
Wavecurrent Precision Parts Private Limited has a workforce of 11 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Name History of Wavecurrent Precision Parts Private Limited
Wavecurrent Precision Parts has undergone 2 name changes throughout its history. The company was previously known as Wavecurrent Precision Parts Limited, and Wave Current Automotive Limited. The current legal name is Wavecurrent Precision Parts Private Limited.
| Company Name | Status |
|---|---|
| Wavecurrent Precision Parts Private Limited | Current |
| Wavecurrent Precision Parts Limited | Previous |
| Wave Current Automotive Limited | Previous |
CIN History of Wavecurrent Precision Parts Private Limited
Wavecurrent Precision Parts has one previous CIN (Corporate Identification Number): U30007TN1995PLC032070. The current CIN is U30007TN1995PTC032070, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U30007TN1995PTC032070 | Current |
| U30007TN1995PLC032070 | Previous |
Recent Activity on Wavecurrent Precision Parts Private Limited
Wavecurrent Precision Parts Private Limited has 7 board changes on record since 1997: 3 appointments and 4 cessations. The latest: Veluru Parthsarthy Mohan ceased to be Whole-Time Director on 25 Aug 2021.
15 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Wavecurrent Precision Parts Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Wavecurrent Precision Parts Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Wavecurrent Precision Parts Private Limited
Wavecurrent Precision Parts has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACW0697A1ZO | Tamil Nadu | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Wavecurrent Precision Parts Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Wavecurrent Precision Parts Private Limited
Wavecurrent Precision Parts is an active private limited company based in Chennai, Tamil Nadu, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 29 June 1995 (31+ years old) and is registered under CIN U30007TN1995PTC032070.
Wavecurrent Precision Parts reported revenue of ₹1.8 Cr for FY 2024 (down 18% YoY).
Wavecurrent Precision Parts has 3 current directors:
- Rekha Ashok - Director
- Ashok Chengama Sankaran - Director
- Veluru Parthasarathy Rajeswari - Director
Wavecurrent Precision Parts reported a net loss of ₹2.69 Lakh (net margin -1.5%) and EBITDA of ₹54 Lakh (EBITDA margin 30%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Wavecurrent Precision Parts is 1% over three years and -6% over five years. In the latest year (FY 2024) revenue fell 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Wavecurrent Precision Parts is 33AAACW0697A1ZO, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Wavecurrent Precision Parts is U30007TN1995PTC032070. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wavecurrent Precision Parts has 5 court cases on record: 1 filed by the company and 4 filed against it. Most are in the district courts.
Wavecurrent Precision Parts was incorporated on 29 June 1995, making it 31+ years old. It is registered with the Registrar of Companies, Chennai.
Wavecurrent Precision Parts has 9 deals on record (8 secondary share transfers, 1 funding round), with disclosed funding of ₹37.7 Lakh; the latest was in March 2022.
The peers of Wavecurrent Precision Parts by revenue are Biads India Private Limited, Vgenius Components India Private Limited, Aan Automotive Private Limited, Kcas Electric Vehicles Private Limited, Farad India Private Limited and 5 more, all in the Automobiles industry (Auto Ancillary).
Veluru Parthsarthy Mohan ceased to be Whole-Time Director on 25 Aug 2021. Ashok Chengama Sankaran ceased to be Additional Director on 31 Dec 2020. Rekha Ashok ceased to be Additional Director on 31 Dec 2020. Wavecurrent Precision Parts has 7 board changes on record in total.