About Widex India Private Limited
Data last updated:
Widex India Private Limited was a private limited company based in Bangalore, Karnataka, India, operated as a subsidiary of Widex A/S,Denmark. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 28 September 2000.
The company was registered with the Registrar of Companies (ROC), Bangalore, under CIN U74899KA2000PTC181470. Its GSTIN is 29AAACW3207E1ZL (Karnataka). The company held 15 GST registrations, of which 6 are active.
The company had an authorised share capital of ₹15 Cr and a paid-up capital of ₹14.4 Cr. It was led by director Mohan Narasimha Swamy.
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 was at Bangalore, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹83.93 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹2.48 Cr (net margin 3%) and EBITDA of ₹4.26 Cr (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years.
The company had about 71 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: Widex India and WS Audiology. Court records list 20 cases involving the company, including 15 filed by the company and 5 filed against it; 2 cases are pending. The company has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹40.28 Cr; the latest was in April 2012. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier.
The last known website on record is widexindia.co.in.
Company details
CIN history
Widex India has 3 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U74899KA2000PTC181470, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899KA2000PTC181470 | Current |
| U74899CH2000PTC031135 | Previous |
| U74899DL2000PTC107955 | Previous |
| U74899DL2000PTC392005 | Previous |
Contact details
Widex India Private Limited's registered office is in Bangalore, Karnataka. Its website is widexindia.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSattva Knowledge Court Ground Floor Wing A – Office 1 Plot No. 9, Doddenakundi I Phase Industrial Area Doddenakundi Village K.R. Puram, Bangalore, Karnataka, India – 560048
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Widex India Private 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
Brands
Widex India operates two associated brands: Widex India and WS Audiology. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides hearing aids, apps, and accessories for improved hearing health globally. | widexindia.co.in | |
| Hearing loss treatment devices are developed by WS Audiology. | wsa.com |
Business activity
The main business activity of Widex India is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Widex India Private Limited, buy the company report.
Financials of Widex India Private Limited
FY 2024 filings availableWidex India Private Limited reported revenue of ₹83.93 Cr (up 6% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 35% over three years, including 6% growth in the latest year. EBITDA rose 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹4.26 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.48 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | ||||
| Net Profit Margin | 3% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Widex India Private Limited, buy the company report.
Board of directors and KMP of Widex India Private Limited
Widex India Private Limited currently reports 1 director and 1 key managerial person. 16 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avinash Ashokrao Pawar | Ceo | 24 Apr 2020 | 6 Years 5 Months | As last reported |
| Mohan Narasimha Swamy Also directs: Sivantos India Private Limited | Director | 24 Jul 2024 | 2 Years 2 Months | As last reported |
Auditor
Widex India Private Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of Widex India Private 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 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 Widex India Private Limited, buy the company report.
Deals & funding
Widex India Private Limited has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹40.28 Cr; the latest was in April 2012.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2012 | Funding round | ₹27.53 Cr | Investors: an individual |
| Aug 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2009 | Funding round | ₹4.64 Cr | Investors: 2 individuals |
| Feb 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Nov 2007 | Funding round | ₹8.12 Cr | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Widex India Private Limited has 20 court cases on record: 15 filed by Widex India, 5 filed against it. 2 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 18 | 3 | 0 |
| High courts | 2 | 2 | 2 |
Cases on record (5 of 20)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, CHANDIGARH (UT) | Tax appeal | Filed against the company by PR. Commissioner of Incoem Tax-I, Chandigarh | Pending |
| High Court, CHANDIGARH (UT) | Tax appeal | Filed against the company by Pr.Commissioner of Income Tax -1 Chandigarh | Pending |
| District court, Chandigarh | Criminal miscellaneous application | Filed by the company against an individual | Disposed |
| District court, South East, Delhi | Cheque dishonour complaint | Filed by the company against individuals | Disposed |
| District court, Chandigarh | Cheque dishonour complaint | Filed by the company against individuals | Disposed |
To see the full case history of Widex India 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
Widex India Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Widex India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Widex India Private Limited has a workforce of 71 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Widex India has 15 GST registrations: 6 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACW3207E1ZL | Karnataka | Active | 01 Jul 2017 |
| 29AAACW3207E2ZK | Karnataka | Active | 12 Mar 2025 |
| 19AAACW3207E1ZM | West Bengal | Active | 01 Jul 2017 |
| 27AAACW3207E1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Widex India Private Limited, buy the company report.
Recent activity
Widex India Private Limited has 18 board changes on record since 2009: 2 appointments and 16 cessations. The latest: Mohan Narasimha Swamy ceased to be Additional Director on 29 Sep 2024.
9 earlier events are in the company report.
Frequently asked questions
Widex India has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Widex India was a private limited company based in Bangalore, Karnataka, India. The company worked in medical and laboratory equipment, within the healthcare industry. It was incorporated on 28 September 2000 and is registered under CIN U74899KA2000PTC181470. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Widex India was incorporated on 28 September 2000. It is registered with the Registrar of Companies, Bangalore.
Widex India had 2 directors and KMP:
- Mohan Narasimha Swamy - Director
- Avinash Ashokrao Pawar - Ceo
The CIN (Corporate Identification Number) of Widex India is U74899KA2000PTC181470. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Widex India is at Sattva Knowledge Court Ground Floor Wing A – Office 1 Plot No. 9, Doddenakundi I Phase Industrial Area Doddenakundi Village K.R. Puram, Bangalore, Karnataka, India – 560048.
Widex India can be reached through the website widexindia.co.in. Its registered office is in Bangalore, Karnataka, India.
The latest financial statements of Widex India 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 Widex India is 29AAACW3207E1ZL, registered in Karnataka. The company has 15 GST registrations in all, of which 6 are active and 9 are cancelled or inactive. Other active GSTINs include 29AAACW3207E2ZK (Karnataka), 19AAACW3207E1ZM (West Bengal), 27AAACW3207E1ZP (Maharashtra).
Widex India operated in the healthcare industry, in the medical and laboratory equipment segment.
Widex India has 5 deals on record (3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹40.28 Cr; the latest was in April 2012.