About Wavin Industries Limited
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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.
Company details
CIN history
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 |
Contact details
Wavin Industries Limited's registered office is in Morena, Madhya Pradesh. Its website is vectus.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 41 – 42 Banmore Industrial Area, District Morena Madhya Pradesh, Madhya Pradesh, India – 476444
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Wavin Industries Limited, buy the company report.
- 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
Business activity
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 | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Wavin Industries Limited, buy the company report.
Financials of Wavin Industries Limited
FY 2024 filings availableWavin Industries Limited reported revenue of ₹8.06 Cr (up 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | -₹80.64 Cr | ||||
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| Net Profit (PAT) | -₹183.38 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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To see the full financial statements and ratios of Wavin Industries Limited, buy the company report.
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 |
Peer comparison
Wavin Industries Limited is compared with the 10 companies closest to it 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.
| 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 Limitedthis company | ₹8.06 Cr (FY 2025) | -₹183.38 Cr | 30.0% | 1,129 | 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 |
To see the full peer comparison of Wavin Industries Limited, buy the company report.
Auditor
Wavin Industries Limited is audited by Walker Chandiok & Co LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2023 | 001076N/N500013 |
Shareholding
The shareholding of Wavin Industries Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Wavin Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 Apr 2022 | 100555646 | Yes Bank Limited | ₹10 Cr | Satisfied | |
| 26 Mar 2021 | 100430159 | The Hongkong and Shanghai Banking Corporation Limited | ₹12 Cr | Satisfied | |
| 10 Jun 2020 | 100340091 | The Hongkong and Shanghai Banking Corporation Limited | ₹13 Cr | Satisfied | |
| 27 Jun 2018 | 100186578 | The Hongkong and Shanghai Banking Corporation Limited | ₹58 Cr | Satisfied | |
| 01 Nov 2017 | 100136405 | Yes Bank Limited | ₹18 Cr | Satisfied |
To see the full charge records of Wavin Industries Limited, buy the company report.
Total charge records: 32 View all charges
Legal cases
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.
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 and Another | 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 |
To see the full case history of Wavin Industries 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.
Credit ratings & regulatory alerts
Wavin Industries Limited was last rated by Indiarating on 09 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 09 Sep 2021 |
To see the full credit ratings and regulatory alerts of Wavin Industries Limited, buy the company report.
MSME payment delays
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 |
To see the full MSME payment records of Wavin Industries Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
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 | |
| Wavin India Pipes and Fittings Manufacturing Private Limited | U25200DL2021FTC377931 | |
| Gangotri Polymers Private Limited | U25202MP1998PTC012849 | |
| Wavin India Holdings Private Limited | U25209DL2020FTC368681 |
To see the full group structure of Wavin Industries Limited, buy the company report.
Employees & EPFO
Wavin Industries Limited has a workforce of 1,129 employees on its EPFO records as of Apr 08, 2024, across 13 active EPFO establishments.
GST
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 |
To see the full GST registrations and return filing status of Wavin Industries Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 5 current directors:
- Randhirsinh Abasinh Chauhan - Director
- Sudha Pravin Navandar - Director
- Sanjay Khatau Asher - Director
- Mona Pradhan - Additional Director
- Vijayasarathy Raghavan - Director
The latest financial statements of Wavin Industries on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 November 2024. Year-wise statements from 2015 are in the company report.
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.
Wavin Industries can be reached through the website vectus.in. Its registered office is in Morena, Madhya Pradesh, India.
The registered office of Wavin Industries is at Plot No 41 – 42 Banmore Industrial Area, District Morena Madhya Pradesh, Madhya Pradesh, India – 476444.