Welspun Michigan Engineers Limited
Founded in 1973 and headquartered in Maharashtra, India.
1973 | Mumbai, Maharashtra (India) | Active
Welspun Michigan Engineers Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
- Paid Up Capital ₹ 1.74 Cr
- Company Age 51 Year, 10 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 312.63 Cr
- Satisfied Charges ₹ 143.68 Cr
- Revenue Growth 8.96%
- Profit Growth 58.37%
- Ebitda 22.01%
- Net Worth 21.33%
- Total Assets 12.62%
About Welspun Michigan Engineers
Welspun Michigan Engineers Limited (WMEL) was founded in India on 01 May 1973 and has a glorious history of 51 years and ten months. Its registered office is in Mumbai, Maharashtra, India.
The Corporate was formerly known as Michigan Engineers Ltd. The Company is engaged in the Infrastructure And Utilities 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 15.00 Cr and a paid-up capital of Rs 1.74 Cr.
The company currently has active open charges totaling ₹312.63 Cr. The company has closed loans amounting to ₹143.68 Cr, as per Ministry of Corporate Affairs (MCA) records.
Rajesh Mandawewala, Sandeep Garg, Devendra Krishna, and Six other members serve as directors at the Company.
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
-
- Social Media
Corporate Identity Details
- CIN/LLPIN
U45300MH1973PLC016515
- Company No.
016515
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
01 May 1973
- Date of AGM
20 May 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Mumbai
Industry
Infrastructure and Utilities
Who are the key members and board of directors at Welspun Michigan Engineers?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Saurin Patel  | Managing Director | 27-Feb-1997 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Sandeep Garg | Director | Current | |
| Rajesh Mandawewala | Director | Current | |
| Devendra Krishna | Director | Current | |
| Mala Todarwal | Additional Director | 27-Feb-2024 | Current |
| Santosh Verma | Whole-Time Director | Current | |
| Ashish Gupta | Additional Director | 20-Aug-2024 | Current |
Financial Performance of Welspun Michigan Engineers.
Welspun Michigan Engineers Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 8.96% increase. The company also saw a substantial improvement in profitability, with a 58.37% increase in profit. The company's net worth Soared by an impressive increase of 21.33%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Welspun Michigan Engineers?
In 2023, Welspun Michigan Engineers had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Arun Todarwal & Co LlpMala Todarwal is a mutual person
Arun Todarwal & Associates LlpMala Todarwal is a mutual person
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Charges (Loans)
Open Charges
₹312.63 Cr
Satisfied Charges
₹143.68 Cr
Charges Breakdown by Lending Institutions
- Axis Bank Limited : 160.24 Cr
- Yes Bank Limited : 148.00 Cr
- Others : 3.47 Cr
- Hdfc Bank Limited : 0.91 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Jun 2024 | Axis Bank Limited | ₹14.89 Cr | Open |
| 23 Nov 2023 | Others | ₹8.49 M | Open |
| 09 Oct 2023 | Others | ₹8.49 M | Open |
| 28 Sep 2023 | Others | ₹3.30 M | Open |
| 05 Sep 2023 | Others | ₹3.30 M | Open |
How Many Employees Work at Welspun Michigan Engineers?
Welspun Michigan Engineers has a workforce of 127 employees as of Sep 12, 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 Welspun Michigan Engineers, 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 Welspun Michigan Engineers'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 Welspun Michigan Engineers
Recent activity within the organization
- Director Appointment
Ashish Gupta was appointed as a Additional Director was appointed as a Additional Director on 20 Aug 2024 & has been associated with this company since 6 months 12 days .
- Charges
A charge with Axis Bank Limited amounted to Rs. 14.89 Cr with Charge ID 100951053 was registered on 26 Jun 2024.
- Director Appointment
Mala Arun Todarwal was appointed as a Additional Director was appointed as a Additional Director on 27 Feb 2024 & has been associated with this company since 1 year 3 days .
- Director Appointment
Aditya Vikram Harlalka was appointed as a Additional Director was appointed as a Additional Director on 27 Feb 2024 & has been associated with this company since 1 year 3 days .
- Charges
A charge with Axis Bank Limited of Rs. 110.00 Cr registered on 12 Mar 2008 with Charge ID 10096239 was modified on 26 Feb 2024.
- Charges
A charge with Yes Bank Limited of Rs. 148.00 Cr registered on 22 Dec 2007 with Charge ID 10147087 was modified on 11 Dec 2023.
Frequently asked questions
What is the Incorporation or founding date of Welspun Michigan Engineers Limited?
Welspun Michigan Engineers Limited was incorporated on 01 May 1973.
What is authorized share capital and paid-up capital of Welspun Michigan Engineers Limited?
The authorized share capital of Welspun Michigan Engineers Limited is ₹ 15.00 Cr and paid-up capital is ₹ 1.74 Cr.
Who are the current board members & directors of Welspun Michigan Engineers Limited?
Currently 9 directors are associated with Welspun Michigan Engineers Limited.
- Rajesh Rameshkumar Mandawewala
- Sandeep Garg
- Devendra Patil Krishna
- Saurin Manubhai Patel
- Mala Arun Todarwal
- Santosh Kumar Verma
- Ashish Gupta
- Aayushman Rajesh Nuwal
- Aditya Vikram Harlalka
What is the registered address of Welspun Michigan Engineers Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Welspun Michigan Engineers Limited is 7Th Floor Welspun House Kamala City, Senapati Bapat Marg Lower Parel (West) Mumbai 400013 Delisle Road, Maharashtra, India.
What is the corporate identification number (CIN) and company number of Welspun Michigan Engineers Limited?
The corporate identification number (CIN) of Welspun Michigan Engineers Limited is U45300MH1973PLC016515 and the company number is 016515 as per Ministry of Corporate Affairs (MCA).
What has been the recent revenue trend for Welspun Michigan Engineers Limited?
According to the financial reports for the fiscal year 2023, the revenue trend for Welspun Michigan Engineers Limited has risen by 8.96%.
How many employees does Welspun Michigan Engineers Limited currently have?
As Per 2023 financial reports, 127 employees are currently employed by Welspun Michigan Engineers Limited.
What change has been observed in the net worth of Welspun Michigan Engineers Limited, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Welspun Michigan Engineers Limited has experienced an upsurge of 21.33%.
What are the total open charges for Welspun Michigan Engineers Limited?
As per the financial statements for fiscal Year 2023, The total open charges for Welspun Michigan Engineers Limited amount to ₹ 312.63 Cr.
When was the last Balance Sheet of Welspun Michigan Engineers Limited filed with the ROC?
The most recent Balance Sheet for Welspun Michigan Engineers Limited was filed with the ROC on 31 Mar 2023.
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