About Wavin Industries Limited
Data last updated:
Wavin Industries Limited is a public limited company based in Morena, Madhya Pradesh, India, a subsidiary of Wavin B.V.. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 30 August 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U25202MP2007PLC019781. Its GSTIN is 23AACCV5516B2ZT (Madhya Pradesh). The company holds 29 GST registrations, of which 19 are active.
The company has an authorised share capital of ₹67.5 Cr and a paid-up capital of ₹28.75 Cr. It is led by directors including Randhirsinh Abasinh Chauhan and Sudha Pravin Navandar.
Its last annual general meeting (AGM) was held on 28 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No 41 – 42 Banmore Industrial Area, District Morena Madhya Pradesh, Madhya Pradesh, India – 476444.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.06 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net loss of ₹183.38 Cr and EBITDA of -₹80.64 Cr. Revenue has declined at a compounded annual rate (CAGR) of 80% over three years and 59% over five years.
The company has about 1,129 employees on its provident fund (EPFO) records. Its group structure includes 4 subsidiaries.
As per MCA filings, the company has open charges of ₹106 Cr and satisfied charges of ₹310.27 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 2 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 vectus.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressPlot No 41 – 42 Banmore Industrial Area, District Morena Madhya Pradesh, Madhya Pradesh, India – 476444
- IndustryManufacturing, Plastic-Based Products
- 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 Wavin Industries Limited
The main business activity of Wavin Industries is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated 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 Wavin Industries Limited FY 2024 filings available
Wavin Industries Limited reported revenue of ₹8.06 Cr (up 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Wavin Industries Limited
Revenue rose 30% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 59%. EBITDA fell 17% 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 Wavin Industries Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | -₹80.64 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹183.38 Cr | •••• | •••• | •••• | •••• |
| 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 Wavin Industries Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | •••• | •••• | •••• | •••• | •••• |
| Net Profit Margin | •••• | •••• | •••• | •••• | •••• |
| 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 Wavin Industries 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 Wavin Industries Limited
Wavin Industries Limited is compared with the companies closest to it by revenue in the same principal business activity (Plastic products, non-metallic mineral products, rubber products, fabricated metal products). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Trisha Polyplast Private Limited | ₹8.09 Cr (FY 2024) | •••• | •••• | -62.0% | •••• | Ahmedabad, Gujarat, India |
| Metro Gifts Pvt Ltd | ₹8.08 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | Mumbai, Maharashtra, India |
| Ansuk Polymers Private Limited | ₹8.07 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
| Rockjaam Building Solution Private Limited | ₹8.07 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Bhilwara, Rajasthan, India |
| Classic Buttons Pvt Ltd | ₹8.07 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Wavin Industries Limited this company | ₹8.06 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Morena, Madhya Pradesh, India |
| Namah Pet Private Limited | ₹8.05 Cr (FY 2025) | •••• | •••• | 130.0% | •••• | Mandideep, Madhya Pradesh, India |
| Activz Lifesciences (I) Private Limited | ₹8.05 Cr (FY 2024) | •••• | •••• | 41.0% | •••• | Secunderabad, Telangana, India |
| Karan Plascon Private Limited | ₹8.04 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Bangalore, Karnataka, India |
| B K Patel Prefab Private Limited | ₹8.04 Cr (FY 2025) | •••• | •••• | 37.0% | •••• | Kalol, Gujarat, India |
| Easy Flux Elostomers Private Limited | ₹8.04 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Udaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Wavin Industries by revenue in the same principal business activity (Plastic products, non-metallic mineral products, rubber products, fabricated metal products), 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 Wavin Industries Limited
Wavin Industries Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Walker Chandiok & Co LLP | 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 Wavin Industries Limited
Wavin Industries has 5 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Randhirsinh Abasinh Chauhan | Director | 07 Jun 2024 | 2 Years 4 Months | Current |
| Sudha Pravin Navandar Also directs: Sudarshan Chemical Industries Limited, Saksham Insolvency Resolution LLP, Sudarshan Colorants India Limited and 5 more | Director | 09 Dec 2022 | 3 Years 10 Months | Current |
| Sanjay Khatau Asher Also directs: Repro India Limited, Epigral Limited, Sudarshan Chemical Industries Limited and 5 more | Director | 08 Feb 2022 | 4 Years 8 Months | Current |
| Mona Pradhan Also directs: Wavin India Holdings Private Limited | Additional Director | 02 Apr 2025 | 1 Years 6 Months | Current |
| Vijayasarathy Raghavan | Director | 28 Oct 2025 | 0 Years 11 Months | Current |
Ownership and Shareholding of Wavin Industries 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 Wavin Industries Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 05 Apr 2022 | Yes Bank Limited | ₹10 Cr | Satisfied |
| 26 Mar 2021 | The Hongkong and Shanghai Banking Corporation Limited | ₹12 Cr | Satisfied |
| 10 Jun 2020 | The Hongkong and Shanghai Banking Corporation Limited | ₹13 Cr | Satisfied |
| 27 Jun 2018 | The Hongkong and Shanghai Banking Corporation Limited | ₹58 Cr | Satisfied |
| 01 Nov 2017 | Yes Bank Limited | ₹18 Cr | Satisfied |
Total charge records: 32 View all charges
Legal Cases of Wavin Industries Limited
Wavin Industries Limited has 3 court cases on record: 2 filed by Wavin Industries, 1 filed against it. 2 cases are pending and 1 is disposed. Status as checked between 21 Sep 2026 and 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
| High courts | 1 | 0 | 1 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Jammu and Kashmir and Ladakh | Writ petition | Filed by the company against Deputy Commissioner, Central GST, Jammu | Pending |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed by the company against an individual | Pending |
| District court, Deoghar, Jharkhand | Criminal complaint | Filed against the company by an individual | Disposed |
Full case history
All 3 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 Wavin Industries Limited
Wavin Industries Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 1,872 overdue payments to 155 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 155)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| V M Industries | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Oswal Cable Products Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 14 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 Wavin Industries Limited
Wavin Industries Limited has a workforce of 1,129 employees as of Apr 08, 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.
Group Structure of Wavin Industries Limited
Wavin Industries has 4 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Sunrise Tanks Private Limited | U15311MP1997PTC011871 | Locked |
| Wavin India Pipes And Fittings Manufacturing Private Limited | U25200DL2021FTC377931 | Locked |
| Gangotri Polymers Private Limited | U25202MP1998PTC012849 | Locked |
| Wavin India Holdings Private Limited | U25209DL2020FTC368681 | Locked |
Showing major subsidiaries. Total: 4.
CIN History of Wavin Industries Limited
Wavin Industries has one previous CIN (Corporate Identification Number): U25202MP2007PTC019781. The current CIN is U25202MP2007PLC019781, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25202MP2007PLC019781 | Current |
| U25202MP2007PTC019781 | Previous |
News related to Wavin Industries Limited
Recent Activity on Wavin Industries Limited
Wavin Industries Limited has 25 board changes on record since 2018: 6 appointments and 19 cessations. The latest: Vijayasarathy Raghavan was appointed as Director on 28 Oct 2025.
99 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Wavin Industries 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 Wavin Industries 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 Wavin Industries Limited
Wavin Industries has 29 GST registrations: 19 active and 10 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AACCV5516B2ZT | Madhya Pradesh | Active | 01 Jul 2017 |
| 02AACCV5516B1ZY | Himachal Pradesh | Active | 01 Jul 2017 |
| 05AACCV5516B1ZS | Uttarakhand | Active | 01 Jul 2017 |
| 08AACCV5516B1ZM | Rajasthan | 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 Wavin Industries 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 Wavin Industries Limited
Wavin Industries is an active public limited company based in Morena, Madhya Pradesh, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 30 August 2007 (19+ years old) and is registered under CIN U25202MP2007PLC019781.
Wavin Industries reported revenue of ₹8.06 Cr for FY 2025 (up 30% YoY).
Wavin Industries has 5 current directors:
- Randhirsinh Abasinh Chauhan - Director
- Sudha Pravin Navandar - Director
- Sanjay Khatau Asher - Director
- Mona Pradhan - Additional Director
- Vijayasarathy Raghavan - Director
Wavin Industries reported a net loss of ₹183.38 Cr and EBITDA of -₹80.64 Cr for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Wavin Industries is -80% over three years and -59% over five years. In the latest year (FY 2025) revenue rose 30%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Wavin Industries is 23AACCV5516B2ZT, registered in Madhya Pradesh. The company has 29 GST registrations in all, of which 19 are active and 10 are cancelled or inactive. Other active GSTINs include 02AACCV5516B1ZY (Himachal Pradesh), 05AACCV5516B1ZS (Uttarakhand), 08AACCV5516B1ZM (Rajasthan).
The CIN (Corporate Identification Number) of Wavin Industries is U25202MP2007PLC019781. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wavin Industries has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending. Most are in the district courts.
Wavin Industries was incorporated on 30 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Wavin Industries by revenue are Trisha Polyplast Private Limited, Metro Gifts Pvt Ltd, Ansuk Polymers Private Limited, Rockjaam Building Solution Private Limited, Classic Buttons Pvt Ltd and 5 more, all in the same principal business activity (Plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Vijayasarathy Raghavan was appointed as Director on 28 Oct 2025. Bharat Reddy Kona was appointed as Additional Director on 02 Apr 2025. Mona Pradhan was appointed as Additional Director on 02 Apr 2025. Wavin Industries has 25 board changes on record in total.
Wavin Industries has 14 MSME Form 1 returns on record between 2019 and 2024, listing 1,872 overdue payments to 155 micro and small suppliers. The latest return was filed on 30 Apr 2024.