MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2022-23)
- Udyam number
- UDYAM-RJ-02-0006569
Waves Aircon Private Limited - machinery and equipment in Gurgaon, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹154.9 Cr
▲ 6% YoY
Net profit · FY 2025
₹1.94 Cr
Net margin 1.3%
EBITDA · FY 2025
₹15.06 Cr
EBITDA margin 9.7%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹4.78 Cr
Issued & subscribed
Open charges
₹139.33 Cr
Satisfied ₹66.47 Cr
Company age
24 yrs
Est. 2002
Employees · EPFO
344
Provident fund records
About Waves Aircon Private Limited
Data last updated:
Waves Aircon Private Limited is a private limited company based in Gurgaon, Haryana, India. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 20 September 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U00000HR2002PTC058625. Its GSTIN is 08AAACW4634M1ZZ (Rajasthan). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.78 Cr. It is led by directors including Piare Lal Anand and Inderjit Anand.
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 867 – D A – Block Sushant Lok Phase – 1, Gurgaon, Haryana, India – 122009.
As per the financials filed for FY 2025, the company reported a revenue of ₹154.9 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹1.94 Cr (net margin 1.3%) and EBITDA of ₹15.06 Cr (EBITDA margin 9.7%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 16% over five years.
The company has about 344 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Waves Aircon. As per MCA filings, the company has open charges of ₹139.33 Cr and satisfied charges of ₹66.47 Cr on record. Court records list 43 cases involving the company, including 39 filed by the company and 4 filed against it; 2 cases are pending. The company has 8 deals on record (5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹3.45 Cr; the latest was in March 2014. Its 5 peer companies in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 3 smaller; the largest is Air Control and Chemical Engineering Company Limited with revenue of ₹170.28 Cr.
Waves Aircon Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-02-0006569). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wavesaircon.in.
Company details
CIN U00000HR2002PTC058625
Registration Number 058625
Incorporation Date 20 September 2002
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-RJ-02-0006569
CIN history
Waves Aircon has one previous CIN (Corporate Identification Number): U00000DL2002PTC117067. The current CIN is U00000HR2002PTC058625, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U00000HR2002PTC058625 | Current |
| U00000DL2002PTC117067 | Previous |
Recognitions & Rankings of Waves Aircon
Contact details
Waves Aircon Private Limited's registered office is in Gurgaon, Haryana. Its website is wavesaircon.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address867 – D A – Block Sushant Lok Phase – 1, Gurgaon, Haryana, India – 122009
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
To see the full contact details of Waves Aircon Private Limited, buy the company report.
Comprehensive company report
Waves Aircon Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Brands
Waves Aircon operates one associated brand: Waves Aircon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| HVAC equipment manufacturing and supply, serving industries with air management systems. | wavesaircon.in |
Business activity
The main business activity of Waves Aircon is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Waves Aircon Private Limited, buy the company report.
Financials of Waves Aircon Private Limited
FY 2024 filings availableWaves Aircon Private Limited reported revenue of ₹154.9 Cr (up 6% YoY) for FY 2025.
Revenue · FY 2025
₹154.9 Cr ▲ 6%
Net profit · FY 2025
₹1.94 Cr margin 1.3%
EBITDA · FY 2025
₹15.06 Cr margin 9.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 6%
3 years · compounded
▲ 11%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 20%
5 years · compounded
▲ 25%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 6% growth in the latest year. EBITDA fell 10% 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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| Total Expenses | |||||
| EBITDA | ₹15.06 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.94 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 9.7% | ||||
| Net Profit Margin | 1.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Waves Aircon Private Limited, buy the company report.
Board of directors of Waves Aircon Private Limited
Waves Aircon has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piare Lal Anand Also directs: Wolter Ventilators India Private Limited | Director | 20 Sep 2002 | 24 Years 1 Months | Current |
| Inderjit Anand Also directs: Wolter Ventilators India Private Limited | Director | 20 Sep 2002 | 24 Years 1 Months | Current |
| Vijay Anand Also directs: Wolter Ventilators India Private Limited | Director | 20 Sep 2002 | 24 Years 1 Months | Current |
| Meenakshi Anand | Director | 04 Mar 2015 | 11 Years 7 Months | Current |
| Simmi Anand | Director | 04 Mar 2015 | 11 Years 7 Months | Current |
Peer comparison
Waves Aircon Private Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Air Control and Chemical Engineering Company Limited | ₹170.28 Cr (FY 2025) | 26.0% | Ahmedabad, Gujarat, India | |||
| C Doctor India Private Limited | ₹155.45 Cr (FY 2025) | 25.0% | Ahmedabad, Gujarat, India | |||
| Waves Aircon Private Limitedthis company | ₹154.9 Cr (FY 2025) | ₹1.94 Cr | 1.3% | 6.0% | 344 | Gurgaon, Haryana, India |
| Usaka Industrial Components Private Limited | ₹149.39 Cr (FY 2025) | 13.0% | Delhi, India | |||
| Advance Ventilation Pvt Ltd | ₹138.83 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India | |||
| Cooltech Appliances Private Limited | ₹125.67 Cr (FY 2025) | 52.0% | Aurangabad, Maharashtra, India |
To see the full peer comparison of Waves Aircon Private Limited, buy the company report.
Auditor
Waves Aircon Private Limited is audited by K S DEOGUN & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K S DEOGUN & ASSOCIATES | FY 2023 | 012180N |
Shareholding
The shareholding of Waves Aircon Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Waves Aircon Private Limited, buy the company report.
Charges & borrowings
Open charges
₹139.33 Cr
Satisfied charges
₹66.47 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Jun 2025 | 101109300 | Sidbi | ₹2.64 Cr | Open | |
| 28 Mar 2025 | 101078074 | Indian Bank | ₹28 Cr | Open | |
| 12 Dec 2024 | 101019468 | Others | ₹5.1 Cr | Open | |
| 23 Aug 2024 | 100972725 | Sidbi | ₹2 Cr | Open | |
| 06 Mar 2024 | 100877008 | Sidbi | ₹1.08 Cr | Open |
To see the full charge records of Waves Aircon Private Limited, buy the company report.
Total charge records: 39 View all charges
Deals & funding
Waves Aircon Private Limited has 8 deals on record (5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹3.45 Cr; the latest was in March 2014.
Total deals
8
Funding rounds
5
Secondary share transfers
3
Disclosed funding
₹3.45 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2014 | Funding round | ₹78 Lakh | Investors: 4 individuals |
| Sep 2009 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Ramsons Travels Limited , J S Properties Private Limited , Fine Finance and Leasing Private Limited , an individual |
| Mar 2009 | Funding round | ₹99 Lakh | Investors: J S Properties Private Limited , 3 individuals |
| Mar 2008 | Secondary share transfer | Undisclosed | Buyer: Inderjit Anand & Sons HUF, an individual Seller: Ramsons Travels Limited , Kalinga Green Vallies Limited |
| Mar 2007 | Funding round | ₹39.6 Lakh | Investors: Indigo Fashions Private Limited , Virinda Hosiary Industries Limited, Kalinga Green Vallies Limited |
To see the full deal history of Waves Aircon Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Waves Aircon Private Limited has 43 court cases on record: 39 filed by Waves Aircon, 4 filed against it. 2 cases are pending and 41 are disposed.
Total cases
43
Filed by the company
39
Filed against the company
4
Pending
2
Disposed
41
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 39 | 4 | 2 |
| High courts | 4 | 0 | 0 |
Cases on record (5 of 43)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, West, Delhi | Cheque dishonour complaint | Filed against the company by Jay and Co India Pvt Ltd | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against M/S NKG Infrastructure Limited | Disposed |
| District court, Jaipur Metro II, Rajasthan | Execution petition | Filed by the company against M/S Halcyon Technologies and Engineers LLP | Disposed |
| District court, Faridabad, Haryana | Court case (C S) | Filed against the company by M/S Gupta Stainless Pvt. Ltd. | Disposed |
| District court, Alwar, Rajasthan | Execution petition | Filed by the company against DLS Aircon Pvt. Ltd | Disposed |
To see the full case history of Waves Aircon 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 Waves Aircon Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Waves Aircon Private Limited has a workforce of 344 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
344
Active EPFO establishments
1
Employee growth
3.3%
GST
Waves Aircon has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAACW4634M1ZZ | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Waves Aircon Private Limited, buy the company report.
Recent activity
Waves Aircon Private Limited has 7 board changes on record since 2002: 5 appointments and 2 cessations. The latest: Meenakshi Anand ceased to be Director on 31 Dec 2025.
Ceased
Meenakshi Anand ceased to be Director.
Ceased
Simmi Anand ceased to be Director.
Charges
A charge with Sidbi amounted to Rs. 2.64 Cr with Charge ID 101109300 was registered on 09 Jun 2025.
Charges
A charge with Indian Bank amounted to Rs. 28.00 Cr with Charge ID 101078074 was registered on 28 Mar 2025.
Charges
A charge registered on 14 Dec 2020 via Charge ID 100428496 with Hdfc Bank Limited was fully satisfied on 11 Mar 2025.
Charges
A charge registered on 25 Mar 2023 via Charge ID 100695789 with Others was fully satisfied on 25 Feb 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 91.78 Cr registered on 24 May 2011 with Charge ID 10289780 was modified on 05 Feb 2025.
Charges
A charge with Others amounted to Rs. 5.10 Cr with Charge ID 101019468 was registered on 12 Dec 2024.
Charges
A charge with Others of Rs. 5.00 Cr registered on 09 Jan 2024 with Charge ID 100841249 was modified on 12 Dec 2024.
AGM
Waves Aircon Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Sidbi amounted to Rs. 2.00 Cr with Charge ID 100972725 was registered on 23 Aug 2024.
Charges
A charge registered on 15 Jul 2020 via Charge ID 100350075 with Sidbi was fully satisfied on 19 Jun 2024.
74 earlier events are in the company report.
Frequently asked questions
Waves Aircon is an active private limited company based in Gurgaon, Haryana, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 20 September 2002 (24+ years old) and is registered under CIN U00000HR2002PTC058625.
Waves Aircon has 5 current directors:
- Piare Lal Anand - Director
- Inderjit Anand - Director
- Vijay Anand - Director
- Meenakshi Anand - Director
- Simmi Anand - Director
The latest financial statements of Waves Aircon 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 Waves Aircon is 08AAACW4634M1ZZ, registered in Rajasthan. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Waves Aircon is U00000HR2002PTC058625. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Waves Aircon has 43 court cases on record: 39 filed by the company and 4 filed against it. 2 are pending. Most are in the district courts.
Waves Aircon was incorporated on 20 September 2002, making it 24+ years old. It is registered with the Registrar of Companies, Delhi.
Waves Aircon has 8 deals on record (5 funding rounds, 3 secondary share transfers), with disclosed funding of ₹3.45 Cr; the latest was in March 2014.
The peers of Waves Aircon by revenue are Air Control and Chemical Engineering Company Limited, C Doctor India Private Limited, Usaka Industrial Components Private Limited, Advance Ventilation Pvt Ltd, Cooltech Appliances Private Limited, all in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Meenakshi Anand ceased to be Director on 31 Dec 2025. Simmi Anand ceased to be Director on 31 Dec 2025. Meenakshi Anand was appointed as Director on 04 Mar 2015. Waves Aircon has 7 board changes on record in total.
Yes, Waves Aircon is registered as a medium enterprise under Udyam registration (number: UDYAM-RJ-02-0006569).