Wearit Global Limited logo

Wearit Global Limited

This company manufactures and trades polyester yarns and fibers, as well as textile fashion and machinery.
1999 | Kolkata, West Bengal (India) | Under Insolvency

Last Updated:

November 19, 2024
HomeCompanyWearit Global Limited

Who are the key members and board of directors at Wearit Global?

Executive Team (2)

NameDesignationAppointment DateStatus
Abhisek Adhikary InCFO01-Jun-2019Current
Manish Kumar InManaging Director26-Oct-2010Current

Board Members(2)

NameDesignationAppointment DateStatus
Sandeep Agarwal In Director 11-Nov-2017Current
Manas Ghosal In Additional Director 20-Jul-2020Current

Financial Performance and Corporate Structure Insights 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%.

Revenue Growth Graph
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  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metric
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-80.10%
Revenue from Operations
-90.29%
Total Assets
-11.96%
Profit or Loss
32.41%
Net Worth
-134.30%
EBITDA
-1.09%

Related Corporates (Common Directorship)

Charges (Loans)

Open Charges Satisfied Charges

₹546.15 Cr

₹530.15 Cr

LenderAmountStatus

Others

Creation Date: 21 Aug 2017
₹221.19 CrOpen

Allahabad Bank Kolkata Main Branch

Creation Date: 06 Oct 2015
₹7.15 CrOpen

Others

Creation Date: 24 Jun 2014
₹317.81 CrOpen

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.

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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 5 months .

    20 Jul 2020

  • Annual General Meeting

    Wearit Global Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records.

    30 Sep 2019

  • 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 6 months .

    01 Jun 2019

  • Balance Sheet

    Wearit Global Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Kolkata.

    31 Mar 2019

  • 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 1 month .

    11 Nov 2017

  • Charges

    A charge with Others amounted to Rs. 221.19 Cr with Charge ID 100122864 was registered on 21 Aug 2017.

    21 Aug 2017

Frequently asked questions

  • Wearit Global Limited was incorporated on 03 Aug 1999.

  • The authorized share capital of Wearit Global Limited is ₹ 24.00 Cr and paid-up capital is ₹ 22.84 Cr.

  • Currently 4 directors are associated with Wearit Global Limited.

    • Abhisek Adhikary
    • Sandeep Agarwal
    • Manish Kumar
    • Manas Ghosal
  • 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.

  • The corporate identification number (CIN) of Wearit Global Limited is U40107WB1999PLC089994 and the company number is 089994 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Wearit Global Limited is https://www.wearitgroup.com

  • According to the financial reports for the fiscal year 2020, the revenue trend for Wearit Global Limited has fallen by -80.10%.

  • As Per 2020 financial reports, 104 employees are currently employed by Wearit Global Limited.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Wearit Global Limited has experienced an downturn of -134.30%.

  • As per the financial statements for fiscal Year 2020, The total open charges for Wearit Global Limited amount to ₹ 546.15 Cr.

  • The most recent Balance Sheet for Wearit Global Limited was filed with the ROC on 31 Mar 2019.

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