Wavegroove Connect Solution Private Limited
About Wavegroove Connect Solution Private Limited
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Wavegroove Connect Solution Private Limited is a private limited company based in Anjar, Gujarat, India. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 19 April 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U72900GJ2021PTC122109. Its GSTIN is 24AACCW9413E1ZH (Gujarat).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Bhawika Vijay Rathod and Vijay Ghanshyam Rathod.
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 Anjar, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹15.12 Lakh, a growth of 122% compared to the previous year. For the same year it recorded a net loss of ₹10.25 Lakh (net margin -67.8%) and EBITDA of -₹9.47 Lakh (EBITDA margin -62.6%). Revenue has grown at a compounded annual rate (CAGR) of 34% over three years.
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- Registered Address9th Avenue Pl Co C – 1 F Shop No 18, Ls No 508/2 Airprot Chokdi Road, Anjar, Gujarat, India – 370110
- IndustryInformation Technology, IT Consulting & 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
- One PDF report, delivered after checkout
Business Activity of Wavegroove Connect Solution Private Limited
The main business activity of Wavegroove Connect Solution is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | 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 Wavegroove Connect Solution Private Limited FY 2025 filings available
Wavegroove Connect Solution Private Limited reported revenue of ₹15.12 Lakh (up 122% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Wavegroove Connect Solution Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 34% over three years, including 122% growth 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 Wavegroove Connect Solution Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | -₹9.47 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹10.25 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 Wavegroove Connect Solution Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -62.6% | •••• | •••• | •••• |
| Net Profit Margin | -67.8% | •••• | •••• | •••• |
| 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 Wavegroove Connect Solution are in the company report.
Financial statements from FY 2022
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 Wavegroove Connect Solution Private Limited
Wavegroove Connect Solution Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Payment Solution Providers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rocket Pay Private Limited | ₹15.68 Lakh (FY 2024) | •••• | •••• | 4325.0% | •••• | Noida, Uttar Pradesh, India |
| Axeo Fintech Private Limited | ₹15.65 Lakh (FY 2022) | •••• | •••• | -18.0% | •••• | Ernakulam, Kerala, India |
| Digigovi Multi Services Private Limited | ₹15.38 Lakh (FY 2023) | •••• | •••• | -42.0% | •••• | Begusarai, Bihar, India |
| Payol Digital Technologies Private Limited | ₹15.38 Lakh (FY 2024) | •••• | •••• | •••• | Hazaribagh, Jharkhand, India | |
| Jangras Payment Services Limited | ₹15.35 Lakh (FY 2025) | •••• | •••• | 34.0% | •••• | Gurgaon, Haryana, India |
| Wavegroove Connect Solution Private Limited this company | ₹15.12 Lakh (FY 2025) | •••• | •••• | 122.0% | •••• | Anjar, Gujarat, India |
| Mobitel Digital Services (OPC) Private Limited | ₹15.1 Lakh (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Sakaera Technologies Private Limited | ₹14.99 Lakh (FY 2025) | •••• | •••• | 49965166.0% | •••• | Bangalore, Karnataka, India |
| Ktsclick E-Solution Private Limited | ₹14.96 Lakh (FY 2025) | •••• | •••• | 1.0% | •••• | Kolkata, West Bengal, India |
| Qartpay Solutions Private Limited | ₹14.87 Lakh (FY 2021) | •••• | •••• | 2874.0% | •••• | Gurgaon, Haryana, India |
| Sarvatail Services Private Limited | ₹14.85 Lakh (FY 2023) | •••• | •••• | -78.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Wavegroove Connect Solution by revenue in the BFSI industry (Payment Solution Providers), 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 Wavegroove Connect Solution Private Limited
Wavegroove Connect Solution Private Limited is audited by KDL & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KDL & 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 Wavegroove Connect Solution Private Limited
Wavegroove Connect Solution has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhawika Vijay Rathod Also directs: MV E-Commerce Services Private Limited | Director | 19 Apr 2021 | 5 Years 5 Months | Current |
| Vijay Ghanshyam Rathod Also directs: MV E-Commerce Services Private Limited | Director | 25 Oct 2023 | 2 Years 11 Months | Current |
Ownership and Shareholding of Wavegroove Connect Solution 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 Wavegroove Connect Solution Private Limited
Wavegroove Connect Solution Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Wavegroove Connect Solution Private Limited
Wavegroove Connect Solution Private Limited has a workforce of 0 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.
Recent Activity on Wavegroove Connect Solution Private Limited
Wavegroove Connect Solution Private Limited has 5 board changes on record since 2021: 2 appointments and 3 cessations. The latest: Sapana Sojitra ceased to be Director on 04 Nov 2023.
Credit Ratings, Litigation & Regulatory Alerts for Wavegroove Connect Solution 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.
MSME Payment Delays by Wavegroove Connect Solution Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Wavegroove Connect Solution 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 Wavegroove Connect Solution Private Limited
Wavegroove Connect Solution has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCW9413E1ZH | Gujarat | Active | 26 May 2021 |
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 Wavegroove Connect Solution 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 Wavegroove Connect Solution Private Limited
Wavegroove Connect Solution is an active private limited company based in Anjar, Gujarat, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 19 April 2021 (5+ years old) and is registered under CIN U72900GJ2021PTC122109.
Wavegroove Connect Solution reported revenue of ₹15.12 Lakh for FY 2025 (up 122% YoY).
Wavegroove Connect Solution has 2 current directors:
- Bhawika Vijay Rathod - Director
- Vijay Ghanshyam Rathod - Director
Wavegroove Connect Solution reported a net loss of ₹10.25 Lakh (net margin -67.8%) and EBITDA of -₹9.47 Lakh (EBITDA margin -62.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Wavegroove Connect Solution is 34% over three years. In the latest year (FY 2025) revenue rose 122%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Wavegroove Connect Solution is 24AACCW9413E1ZH, registered in Gujarat.
The CIN (Corporate Identification Number) of Wavegroove Connect Solution is U72900GJ2021PTC122109. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wavegroove Connect Solution was incorporated on 19 April 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Wavegroove Connect Solution by revenue are Rocket Pay Private Limited, Axeo Fintech Private Limited, Digigovi Multi Services Private Limited, Payol Digital Technologies Private Limited, Jangras Payment Services Limited and 5 more, all in the BFSI industry (Payment Solution Providers).
Sapana Sojitra ceased to be Director on 04 Nov 2023. Vijay Ghanshyam Rathod was appointed as Director on 25 Oct 2023. Jaykumar Ghodasara ceased to be Director on 29 Mar 2023. Wavegroove Connect Solution has 5 board changes on record in total.
The registered office of Wavegroove Connect Solution is at 9th Avenue Pl Co C – 1 F Shop No 18, Ls No 5082 Airprot Chokdi Road, Anjar, Gujarat, India – 370110.