Wavecurrent Precision Parts Profile
Key Indicators
- Authorised Capital ₹ 6.00 Cr
- Paid Up Capital ₹ 1.75 Cr
- Company Age 29 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 6.25 Cr
- Satisfied Charges ₹ 4.10 Cr
- Revenue Growth 72.02%
- Profit Growth 386.55%
- Ebitda 128.96%
- Net Worth 1.17%
- Total Assets 6.89%
About Wavecurrent Precision Parts
Wavecurrent Precision Parts Private Limited (WPPPL) is a Private Limited Indian Non-Government Company incorporated in India on 29 June 1995 and has a history of 29 years and seven months. Its registered office is in Tiruvallur, Tamil Nadu, India.
The Corporate was formerly known as Wave Current Automotive Limited. The Company is engaged in the Automotive Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 6.00 Cr and a paid-up capital of Rs 1.75 Cr.
The company currently has active open charges totaling ₹6.25 Cr. The company has closed loans amounting to ₹4.10 Cr, as per Ministry of Corporate Affairs (MCA) records.
Ashok Sankaran, Rekha Ashok, and Veluru Rajeswari serve as directors at the Company.
Company Details
- Location
Tiruvallur, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U30007TN1995PTC032070
- Company No.
032070
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
29 Jun 1995
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Chennai
Industry
What products or services does Wavecurrent Precision Parts Private Limited offer?
Wavecurrent Precision Parts Private Limited offers a wide range of products and services, including Gearbox, Axle, Sprocket & Gear Parts, Industrial Shafts, Pumps, Pumping Machines & Spares, Pump Spares, Piston & Crankshaft Assemblies, Rocker Arm Assembly, Piston Assembly.
Who are the key members and board of directors at Wavecurrent Precision Parts?
Board Members (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Ashok Sankaran  | Director | 30-Nov-2020 | Current |
| Rekha Ashok | Director | 30-Nov-2020 | Current |
| Veluru Rajeswari | Director | 19-Feb-1997 | Current |
Financial Performance of Wavecurrent Precision Parts.
Wavecurrent Precision Parts Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 72.02% increase. The company also saw a substantial improvement in profitability, with a 386.55% increase in profit. The company's net worth moved up by a moderate rise of 1.17%.
- Key Matrics
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What is the Ownership and Shareholding Structure of Wavecurrent Precision Parts?
In 2023, Wavecurrent Precision Parts had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Mak Logistics Private LimitedAshok Sankaran is a mutual person
Aero Pistons Private LimitedVeluru Rajeswari is a mutual person
Kamps Projects Private LimitedAshok Sankaran is a mutual person
- Inland Marine Works Private Limited
Ashok Sankaran and Rekha Ashok are mutual person
Charges (Loans)
₹6.25 Cr
₹4.10 Cr
Charges Breakdown by Lending Institutions
- Others : 4.72 Cr
- Axis Bank Limited : 1.35 Cr
- Hdfc Bank Limited : 0.19 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Apr 2024 | Others | ₹4.00 Cr | Open |
| 18 Mar 2024 | Others | ₹6.89 M | Open |
| 20 Feb 2024 | Others | ₹0.30 M | Open |
| 09 May 2023 | Axis Bank Limited | ₹2.00 M | Open |
| 28 Oct 2021 | Hdfc Bank Limited | ₹1.91 M | Open |
How Many Employees Work at Wavecurrent Precision Parts?
Wavecurrent Precision Parts has a workforce of 11 employees as of Apr 06, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Wavecurrent Precision Parts, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Wavecurrent Precision Parts's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
