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About

Built around a simple idea

Equipment shouldn't be a quarterly capex battle. We've spent 25+ years proving that enterprise IT, on rent, makes sense for almost every team that needs it.

Our Clients

Infosys
HCL
TATA ELXSI
Tech Mahindra
Vi
SOBHA
Simpli Namdhari's
NCC
Apollo Hospitals
Mindteck
Beckman Coulter
Manipal Group
Infosys
HCL
TATA ELXSI
Tech Mahindra
Vi
SOBHA
Simpli Namdhari's
NCC
Apollo Hospitals
Mindteck
Beckman Coulter
Manipal Group

Founders

Two brothers, four decades, one focus on enterprise IT.

Kaushik Sonawala

Kaushik Sonawala

Co-founder

Kaushik is a born entrepreneur with over two decades in business. He set up and has been running Digital Waves — an IT distribution, system integration, and solutions company established in 1994 — for over 19 years. Headquartered in Bangalore with branches in Mumbai, Pune, Hyderabad, and Kochi. Adding to the IT business, Kaushik diversified into equipment leasing, founding Prime AssetSource Private Limited in 2001.

Preet Sonawala

Preet Sonawala

Co-founder

Preet co-founded Digital Waves and Prime AssetSource with his brother Kaushik, bringing close to two decades of IT business experience. He focuses on the leasing business at Prime AssetSource and also set up the Real Estate development business under the "Prime" brand. Photography started for Preet as a hobby — and led him to launch ProGear Hire, a photography-equipment rental business.

We started in 2001 with a clear premise: there was a real gap between buying enterprise IT outright and waiting for a bank to approve a capex loan. Indian businesses needed a faster, more flexible finance route — one that handed them the equipment, kept the balance sheet clean, and refreshed when the technology did. So we built one.

Two and a half decades later, that premise still holds. Every quarter, more enterprises decide that owning a depreciating asset isn't a strategic advantage — and that working with a partner who handles the lifecycle is.

How we got here

The leasing business was set up under Prime AssetSource Pvt Ltd to focus exclusively on equipment rentals. The team grew. The fleet grew. The geography grew. Today we serve clients across PAN India from a head office in Bangalore with branches in Hyderabad, Pune, Mumbai and Vashi, and a delivery network that reaches major metros and tier-2 cities alike.

Along the way we've worked with global IT services majors, Indian banks and insurers, manufacturers, hospitals, fast-growing startups, training providers, and event organisers. Every one of those engagements taught us something about what enterprises actually need from a rental partner — and shaped the programmes we offer today.

What we've learnt

A few things have stayed true across 25+ years and many client engagements:

  • Speed beats theory. A perfect spec that takes 12 weeks to procure loses to a good-enough spec on the ground in 5 days.
  • Fleet quality is the long-term differentiator. Anyone can quote cheap; the partners that last are the ones whose kit shows up working, every time.
  • Compliance and chain-of-custody matter. Especially in BFSI, healthcare, and government — and increasingly everywhere.
  • People want options at end-of-term. Refresh, extend, return, buy out — flexibility at the end is as important as flexibility at the start.

What's next

We're building the next chapter on three pillars: a deeper rental fleet across 11 product categories, a full lifecycle services layer (asset buyback, e-waste, audit support), and the digital tooling — including this site — that makes working with us easier than working with traditional procurement.

If your IT belongs on rent, we'd like to be the partner you compare everyone else against.

A perfect spec that takes 12 weeks to procure loses to a good-enough spec on the ground in 5 days.
Prime AssetSource — what 25+ years of rentals taught us

Our journey across the group

  1. 1994

    Founded

    Kaushik & Preet Sonawala set up Digital Waves — the parent IT distribution business.

    Visit digitalwaves.in
  2. 1995

    Apple partnership

    Digital Waves becomes an authorised Apple partner in India.

    Visit digitalwaves.in
  3. 1999

    Rentals begin

    The rental-focused IT line of business launched — the seed that became Prime AssetSource.

  4. 2000

    POWERX launched

    Started the POWERX brand — modular PCs and components built for Indian workloads.

    Visit power-x.in
  5. 2001

    AMD & INTEL partners

    Authorised distribution partnerships with AMD and INTEL. Prime AssetSource Pvt Ltd incorporated.

    Visit digitalwaves.in
  6. 2002

    Animation vertical

    Complete solutions for India's emerging animation studios — hardware, integration, support.

    Visit digitalwaves.in
  7. 2003

    First AMD Opteron cluster

    Built India's first AMD Opteron-based HPC cluster for a leading DCC studio.

    Visit digitalwaves.in
  8. 2005

    Components distribution

    National distribution of computer components scaled across enterprise and channel partners.

    Visit digitalwaves.in
  9. 2007

    Branch offices

    Expanded our branch offices to Pune, Mumbai, Hyderabad and Vashi.

  10. 2010

    Regional support

    IT service support centres opened in new regions across the country.

    Visit digitalwaves.in
  11. 2011

    Top IT importer

    Recognised among India's top IT importers.

    Visit digitalwaves.in
  12. 2014

    Marble imports

    Diversified into importing rough and processed marble blocks.

    Visit digitalwaves.in
  13. 2015

    Foundry-grade materials

    Added foundry-grade materials to the importing portfolio.

    Visit digitalwaves.in
  14. 2016

    IT recycling initiative

    Launched a recycling programme for end-of-life IT hardware.

  15. 2018

    Agri commodities

    Importing diversified further into agri commodities.

    Visit digitalwaves.in
  16. 2019

    Linen service launched

    Bulk laundry services for the hospitality industry — The Linen People.

    Visit thelinenpeople.in
  17. 2020

    E-commerce platform

    Set up an e-commerce platform for the POWERX product line.

    Visit power-x.in
  18. 2023

    Gaming components

    Modular PC components built for India's gaming industry.

    Visit power-x.in
  19. 2024

    Desktop PCs

    Expanded the POWERX product line with desktop PCs.

    Visit power-x.in
  20. 2026

    Digital-first rental

    New Prime AssetSource site, calculator, and quote workflow — modernising how clients engage with us.

25+years

Serving enterprise IT since 2001

300+clients

From global majors to fast-growing SMBs

PANIndia

Delivery and on-site support across the country

10K+devices

Deployed and managed every quarter

Want to work with us?

We've spent 25+ years getting good at this. Tell us what you need.