The Wesman Engineering Company Private Limited

Manufactures furnaces, burners, fans, and other industrial equipment.

1951 | Kolkata, West Bengal (India) | Active
Last Updated: November 16, 2024

The Wesman Engineering Company Profile

Key Indicators

  • Authorised Capital ₹ 19.50 Cr
  • Paid Up Capital ₹ 19.00 Cr
  • Company Age 73 Year, 5 Months
  • Last Filing with ROC 31 Mar 2023
  • Open Charges ₹ 49.23 Cr
  • Revenue Growth 10.26%
  • Profit Growth 86.12%
  • Ebitda 28.36%
  • Net Worth -1.27%
  • Total Assets -11.86%

About The Wesman Engineering Company

The Wesman Engineering Company Private Limited (TWECPL) was founded in India on 08 August 1951 and has a glorious history of 73 years and five months. Its registered office is in Kolkata, West Bengal, India.

The Corporate was formerly known as The Western Manufacturing Comapny Private Limited. The Company is engaged in the Machinery And Equipment Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 19.50 Cr and a paid-up capital of Rs 19.00 Cr.

The company currently has active open charges totaling ₹49.23 Cr.

The Key Managerial Personnel (KMP) at The Wesman Engineering Company Private Limited India is Arun Punwani as COMPANY SECRETARY. Rajan Vaswani, Monica Vaswani, Anil Vaswani, and Two other members serve as directors at the Company.

Company Details

  • Location

    Kolkata, West Bengal, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Website
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U29292WB1951PTC019898

  • Company No.

    019898

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    08 Aug 1951

  • Date of AGM

    29 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Kolkata

Industry

Machinery and Equipment

What products or services does The Wesman Engineering Company Private Limited offer?

The Wesman Engineering Company Private Limited offers a wide range of products and services, including Boilers & Boiler Parts, Boiler Fittings, Industrial Furnaces & Ovens, Rotary Furnaces, Heater, Thermostat & Heating Devices, Room Heaters, Welding Equipments & Machinery, Welding Torches, Industrial Mixers & Homogenizers, Sand Mixer.

Who are the key members and board of directors at The Wesman Engineering Company?

Executive Team (2)

Name Designation Appointment Date Status
Anil Vaswani Country flag representing In Managing Director 26-Sep-2006 Current
Arun Punwani Country flag representing In Company Secretary 01-Oct-1994 Current

Board Members (4)

Name Designation Appointment Date Status
Nikhil Vaswani Country flag representing In Director 30-Mar-2010 Current
Rajan Vaswani Country flag representing In Director 01-Nov-1975 Current
Monica Vaswani Country flag representing In Director 01-Jul-2014 Current
Sunil Vaswani Country flag representing In Director 12-Nov-2013 Current

Financial Performance of The Wesman Engineering Company.

The Wesman Engineering Company Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 10.26% increase. The company also saw a substantial improvement in profitability, with a 86.12% increase in profit. The company's net worth dipped by a decrease of 1.27%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
10.26%
Revenue from Operations
11.16%
Total Assets
-11.86%
Profit or Loss
86.12%
Net Worth
-1.27%
EBITDA
28.36%

What is the Ownership and Shareholding Structure of The Wesman Engineering Company?

In 2023, The Wesman Engineering Company had a promoter holding of 100.00%. The company had 1 Subsidiary. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹49.23 Cr

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Standard Chartered Bank : 48.61 Cr
  • Hdfc Bank Limited : 0.62 Cr

Latest Charge Details

Date Lender Amount Status
26 Apr 2022 Hdfc Bank Limited ₹1.10 M Open
04 Jan 2022 Hdfc Bank Limited ₹0.88 M Open
12 Nov 2021 Hdfc Bank Limited ₹1.22 M Open
23 Jul 2021 Hdfc Bank Limited ₹1.24 M Open
25 Nov 2020 Standard Chartered Bank ₹9.00 M Open

How Many Employees Work at The Wesman Engineering Company?

Unlock and access historical data on people associated with The Wesman Engineering Company, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of The Wesman Engineering Company, 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 The Wesman Engineering Company's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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.

Latest Updates, News, and FAQs on The Wesman Engineering Company

Recent activity within the organization

  • Annual General Meeting

    The Wesman Engineering Company Private Limited last Annual general meeting of members was held on 29 Sep 2023 as per latest MCA records.

    29 Sep 2023

  • Balance Sheet

    The Wesman Engineering Company Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.

    31 Mar 2023

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.11 Cr with Charge ID 100567064 was registered on 26 Apr 2022.

    26 Apr 2022

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 100522888 was registered on 04 Jan 2022.

    04 Jan 2022

  • Charges

    A charge with Standard Chartered Bank of Rs. 1.50 Cr registered on 23 Feb 2016 with Charge ID 10623896 was modified on 22 Dec 2021.

    22 Dec 2021

  • Charges

    A charge with Standard Chartered Bank of Rs. 16.30 Cr registered on 29 Nov 2006 with Charge ID 10026159 was modified on 22 Dec 2021.

    22 Dec 2021

Frequently asked questions

  • The Wesman Engineering Company Private Limited was incorporated on 08 Aug 1951.

  • The authorized share capital of The Wesman Engineering Company Private Limited is ₹ 19.50 Cr and paid-up capital is ₹ 19.00 Cr.

  • Currently 6 directors are associated with The Wesman Engineering Company Private Limited.

    • Rajan Arjan Vaswani
    • Monica Vaswani
    • Anil Vaswani
    • Nikhil Vaswani
    • Sunil Vaswani
    • Arun Punwani
  • As per Ministry of Corporate Affairs (Mca), the registered address of The Wesman Engineering Company Private Limited is Wesman Center 8 Mayfair Road India, Kolkata, West Bengal, 700019.

  • The corporate identification number (CIN) of The Wesman Engineering Company Private Limited is U29292WB1951PTC019898 and the company number is 019898 as per Ministry of Corporate Affairs (MCA).

  • The Official website of The Wesman Engineering Company Private Limited is https://www.wesman.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for The Wesman Engineering Company Private Limited has risen by 10.26%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of The Wesman Engineering Company Private Limited has experienced an downturn of -1.27%.

  • As per the financial statements for fiscal Year 2023, The total open charges for The Wesman Engineering Company Private Limited amount to ₹ 49.23 Cr.

  • The most recent Balance Sheet for The Wesman Engineering Company Private Limited was filed with the ROC on 31 Mar 2023.

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