MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-02-0198340
Waves Clothing Private Limited - fashion and textile in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹25.76 Cr
▲ 52% YoY
Net profit · FY 2023
₹74.35 Lakh
Net margin 2.9%
EBITDA · FY 2023
₹2.39 Cr
EBITDA margin 9.3%
Authorised capital
₹60 Lakh
Registered with MCA
Paid-up capital
₹56 Lakh
Issued & subscribed
Open charges
₹12.4 Cr
Secured borrowings
Company age
21 yrs
Est. 2005
Employees · EPFO
40
Provident fund records
About Waves Clothing Private Limited
Data last updated:
Waves Clothing Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the fashion retail segment of the fashion and textiles sector. It was incorporated on 18 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U51311TN2005PTC057215. Its GSTIN is 33AAACW6373P1ZS (Tamil Nadu).
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹56 Lakh. It is led by directors including Zachrias Fernando Dhanendran Fernando and Zacharaiyas Fernando Ravindran.
Its last annual general meeting (AGM) was held on 29 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2023, the company reported a revenue of ₹25.76 Cr, a growth of 52% compared to the previous year. For the same year it recorded a net profit of ₹74.35 Lakh (net margin 2.9%) and EBITDA of ₹2.39 Cr (EBITDA margin 9.3%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 7% over five years.
The company has about 40 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹12.4 Cr on record.
Waves Clothing Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0198340). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wavesclothing.com.
Company details
CIN U51311TN2005PTC057215
Registration Number 057215
Incorporation Date 18 August 2005
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-02-0198340
Key People
Zachrias Fernando Dhanendran Fernando Director Zacharaiyas Fernando Ravindran Director Jeffrie Fernando Additional Director Recognitions & Rankings of Waves Clothing
Contact details
Waves Clothing Private Limited's registered office is in Chennai, Tamil Nadu. Its website is wavesclothing.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo 3004 Z Block 2nd Street 13th Main Road Shanthi Colony Anna Naga, R, Chennai, Tamil Nadu, India – 600040
- IndustryFashion and Textile, Fashion Retail
To see the full contact details of Waves Clothing Private Limited, buy the company report.
Comprehensive company report
Waves Clothing 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Waves Clothing is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Waves Clothing Private Limited, buy the company report.
Financials of Waves Clothing Private Limited
FY 2023 filings availableWaves Clothing Private Limited reported revenue of ₹25.76 Cr (up 52% YoY) for FY 2023.
Revenue · FY 2023
₹25.76 Cr ▲ 52%
Net profit · FY 2023
₹74.35 Lakh margin 2.9%
EBITDA · FY 2023
₹2.39 Cr margin 9.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 52%
3 years · compounded
▼ 2%
5 years · compounded
▼ 7%
EBITDA CAGR growth
1 year
▲ 112%
3 years · compounded
▼ 5%
5 years · compounded
▲ 8%
Revenue rose 52% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 7%. EBITDA rose 112% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹25.76 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.39 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹74.35 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.3% | ||||
| Net Profit Margin | 2.9% | ||||
| 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 | |||||
To see the full financial statements and ratios of Waves Clothing Private Limited, buy the company report.
Board of directors of Waves Clothing Private Limited
Waves Clothing has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Zachrias Fernando Dhanendran Fernando | Director | 18 Aug 2005 | 21 Years 2 Months | Current |
| Zacharaiyas Fernando Ravindran | Director | 18 Aug 2005 | 21 Years 2 Months | Current |
| Jeffrie Fernando Also directs: Grapmi Apparels LLP | Additional Director | 08 Mar 2024 | 2 Years 8 Months | Current |
Peer comparison
Waves Clothing Private Limited is compared with the 4 companies closest to it by revenue in the Apparel industry (Apparel Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Quail Exim Private Limited | ₹26.21 Cr (FY 2019) | Mumbai, Maharashtra, India | ||||
| Gupta Creations Private Limited | ₹26.16 Cr (FY 2025) | 4.0% | Delhi, India | |||
| Adi Readymade Centre Private Limited | ₹26.06 Cr (FY 2025) | -5.0% | Kolkata, West Bengal, India | |||
| Waves Clothing Private Limitedthis company | ₹25.76 Cr (FY 2023) | ₹74.35 Lakh | 2.9% | 52.0% | 40 | Chennai, Tamil Nadu, India |
| Lucky Silks Retail Private Limited | ₹25.66 Cr (FY 2024) | 3456.0% | Kumbakonam, Tamil Nadu, India |
To see the full peer comparison of Waves Clothing Private Limited, buy the company report.
Auditor
Waves Clothing Private Limited is audited by P RAJAGOPALAN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P RAJAGOPALAN & CO | FY 2023 | 003408S |
Shareholding
The shareholding of Waves Clothing Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Waves Clothing Private Limited, buy the company report.
Charges & borrowings
Open charges
₹12.4 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jan 2020 | 100334066 | Others | ₹4.75 Cr | Open | |
| 11 Sep 2015 | 10596264 | Axis Bank Limited | ₹1.3 Cr | Open | |
| 09 Sep 2015 | 10592989 | Axis Bank Limited | ₹3 Cr | Open | |
| 23 Sep 2013 | 10456594 | Icici Bank Limited | ₹1.9 Cr | Open | |
| 09 Feb 2008 | 10086818 | 3I Infotech Trusteeship Services Limited | ₹1 Cr | Open |
To see the full charge records of Waves Clothing Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
No court or tribunal cases involving Waves Clothing Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Waves Clothing Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Waves Clothing Private Limited has a workforce of 40 employees on its EPFO records as of Nov 2025, across 1 active EPFO establishment.
Employee count
40
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2025-26 | 40 |
| 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 Waves Clothing Private Limited, buy the company report.
GST
Waves Clothing has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAACW6373P1ZS | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Waves Clothing Private Limited, buy the company report.
Recent activity
Waves Clothing Private Limited has 4 board changes on record since 2005: 3 appointments and 1 cessation. The latest: Jeffrie Fernando was appointed as Additional Director on 08 Mar 2024.
Appointed
Jeffrie Fernando was appointed as Additional Director.
Ceased
Mahendran Fernando ceased to be Director.
AGM
Waves Clothing Private Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.
Filing
Waves Clothing Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Chennai.
Charges
A charge with Others amounted to Rs. 475.00 Lakh with Charge ID 100334066 was registered on 20 Jan 2020.
Charges
A charge with Axis Bank Limited of Rs. 300.00 Lakh registered on 09 Sep 2015 with Charge ID 10592989 was modified on 20 Oct 2015.
Charges
A charge with Axis Bank Limited amounted to Rs. 130.00 Lakh with Charge ID 10596264 was registered on 11 Sep 2015.
Charges
A charge with Axis Bank Limited amounted to Rs. 300.00 Lakh with Charge ID 10592989 was registered on 09 Sep 2015.
Charges
A charge with Icici Bank Limited amounted to Rs. 190.00 Lakh with Charge ID 10456594 was registered on 23 Sep 2013.
Charges
A charge with 3I Infotech Trusteeship Services Limited amounted to Rs. 100.00 Lakh with Charge ID 10086818 was registered on 09 Feb 2008.
Charges
A charge with Icici Bank amounted to Rs. 30.00 Lakh with Charge ID 10043504 was registered on 17 Feb 2007.
Charges
A charge with Icici Bank Ltd; amounted to Rs. 15.00 Lakh with Charge ID 90325696 was registered on 05 Jun 2006.
3 earlier events are in the company report.
Frequently asked questions
Waves Clothing is an active private limited company based in Chennai, Tamil Nadu, India. The company works in fashion retail, within the fashion and textile industry. It was incorporated on 18 August 2005 (21+ years old) and is registered under CIN U51311TN2005PTC057215.
Waves Clothing has 3 current directors:
- Zachrias Fernando Dhanendran Fernando - Director
- Zacharaiyas Fernando Ravindran - Director
- Jeffrie Fernando - Additional Director
The latest financial statements of Waves Clothing on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 29 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Waves Clothing is 33AAACW6373P1ZS, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Waves Clothing is U51311TN2005PTC057215. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Waves Clothing was incorporated on 18 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Waves Clothing by revenue are Quail Exim Private Limited, Gupta Creations Private Limited, Adi Readymade Centre Private Limited, Lucky Silks Retail Private Limited, all in the Apparel industry (Apparel Retail and Distribution), with the same principal business activity (retail trading).
Jeffrie Fernando was appointed as Additional Director on 08 Mar 2024. Mahendran Fernando ceased to be Director on 09 Feb 2024. Zacharaiyas Fernando Ravindran was appointed as Director on 18 Aug 2005. Waves Clothing has 4 board changes on record in total.
Yes, Waves Clothing is registered as a small enterprise under Udyam registration (number: UDYAM-TN-02-0198340).
Waves Clothing can be reached through the website wavesclothing.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Waves Clothing is at No 3004 Z Block 2nd Street 13th Main Road Shanthi Colony Anna Naga, R, Chennai, Tamil Nadu, India – 600040.
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