Wearit Global Profile
Key Indicators
- Authorised Capital ₹ 24.00 Cr
- Paid Up Capital ₹ 22.84 Cr
- Company Age 25 Year, 9 Months
- Last Filing with ROC 31 Mar 2019
- Open Charges ₹ 546.15 Cr
- Satisfied Charges ₹ 530.15 Cr
- Revenue Growth -80.10%
- Profit Growth 32.41%
- Ebitda -1.09%
- Net Worth -134.30%
- Total Assets -11.96%
About Wearit Global
Wearit Global Limited (WGL) is Under Liquidation company established on 03 Aug 1999 with its office registered at Kolkata, West Bengal, India and has been running since 25 Year, 9 Months with a paid up capital of 22.84 Cr. According to MCA records, 3 Directors and 1 Signatories are linked to this company as of 18 Jan 2025.
Company Details
- Location
Kolkata, West Bengal, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U40107WB1999PLC089994
- Company No.
089994
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
03 Aug 1999
- Date of AGM
30 Sep 2019
- Date of Balance Sheet
31 Mar 2019
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
Manufacturing
What products or services does Wearit Global Limited offer?
Wearit Global Limited offers a wide range of products and services, including Yarns & Threads, Polyester Yarn, Synthetic Yarn, Cotton Yarn, Furnishing Yarns, Natural Fiber Yarns.
Wearit Global Limited
Explore comprehensive data for Wearit Global Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Wearit Global?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Abhisek Adhikary  | CFO | 01-Jun-2019 | Current |
| Manish Kumar | Managing Director | 26-Oct-2010 | Current |
Board Members (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sandeep Agarwal | Director | 11-Nov-2017 | Current |
| Manas Ghosal | Additional Director | 20-Jul-2020 | Current |
Financial Performance of Wearit Global.
Wearit Global Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 80.1% decrease. The company also saw a substantial improvement in profitability, with a 32.41% increase in profit. The company's net worth observed a substantial decline by a decrease of 134.3%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Wearit Global?
In 2020, Wearit Global had a promoter holding of 75.32% and a public holding of 24.68%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
- Wearit Energy Limited
Sandeep Agarwal is a mutual person
- Wearit Tea Trading Private Limited
Sandeep Agarwal is a mutual person
- Ritspin Synthetics Limited
Manish Kumar is a mutual person
- Dhanterash Sale Private Limited
Manish Kumar is a mutual person
Spbp Investments Private LimitedManish Kumar is a mutual person
- Spbp Holdings Pvt Ltd
Manish Kumar is a mutual person
Charges (Loans)
Open Charges
₹546.15 Cr
Satisfied Charges
₹530.15 Cr
Charges Breakdown by Lending Institutions
- Others : 539.00 Cr
- Allahabad Bank Kolkata Main Branch : 7.15 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 21 Aug 2017 | Others | ₹221.19 Cr | Open |
| 06 Oct 2015 | Allahabad Bank Kolkata Main Branch | ₹7.15 Cr | Open |
| 24 Jun 2014 | Others | ₹317.81 Cr | Open |
| 22 Nov 2013 | Others | ₹18.50 Cr | Satisfied |
| 27 Sep 2012 | Others | ₹211.19 Cr | Satisfied |
How Many Employees Work at Wearit Global?
Wearit Global has a workforce of 104 employees as of Nov 19, 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 Wearit Global, 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 Wearit Global'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.
Latest Updates, News, and FAQs on Wearit Global
Recent activity within the organization
- Director Appointment
Manas Ghosal was appointed as a Additional Director was appointed as a Additional Director on 20 Jul 2020 & has been associated with this company since 4 years 9 months .
- Annual General Meeting
Wearit Global Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.
- Director Appointment
Abhisek Adhikary was appointed as a Cfo was appointed as a Cfo on 01 Jun 2019 & has been associated with this company since 5 years 11 months .
- Balance Sheet
Wearit Global Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Kolkata.
- Director Appointment
Sandeep Agarwal was appointed as a Director was appointed as a Director on 11 Nov 2017 & has been associated with this company since 7 years 6 months .
- Charges
A charge with Others amounted to Rs. 221.19 Cr with Charge ID 100122864 was registered on 21 Aug 2017.
Frequently asked questions
What is the Incorporation or founding date of Wearit Global Limited?
Wearit Global Limited was incorporated on 03 Aug 1999.
What is authorized share capital and paid-up capital of Wearit Global Limited?
The authorized share capital of Wearit Global Limited is ₹ 24.00 Cr and paid-up capital is ₹ 22.84 Cr.
Who are the current board members & directors of Wearit Global Limited?
Currently 4 directors are associated with Wearit Global Limited.
- Sandeep Agarwal
- Abhisek Adhikary
- Manas Ghosal
- Manish Kumar
What is the registered address of Wearit Global Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Wearit Global Limited is Crescent Tower, 5Th Floor 229 A J C Bose Road India, Kolkata, West Bengal, 700020.
What is the corporate identification number (CIN) and company number of Wearit Global Limited?
The corporate identification number (CIN) of Wearit Global Limited is U40107WB1999PLC089994 and the company number is 089994 as per Ministry of Corporate Affairs (MCA).
What is the official website of Wearit Global Limited?
The Official website of Wearit Global Limited is https://www.wearitgroup.com
What has been the recent revenue trend for Wearit Global Limited?
According to the financial reports for the fiscal year 2020, the revenue trend for Wearit Global Limited has fallen by -80.10%.
How many employees does Wearit Global Limited currently have?
As Per 2020 financial reports, 104 employees are currently employed by Wearit Global Limited.
What change has been observed in the net worth of Wearit Global Limited, and by what percentage?
The financial reports for the fiscal year 2020 indicates that The net worth of Wearit Global Limited has experienced an downturn of -134.30%.
What are the total open charges for Wearit Global Limited?
As per the financial statements for fiscal Year 2020, The total open charges for Wearit Global Limited amount to ₹ 546.15 Cr.
When was the last Balance Sheet of Wearit Global Limited filed with the ROC?
The most recent Balance Sheet for Wearit Global Limited was filed with the ROC on 31 Mar 2019.
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