Welspun Michigan Engineers Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
- Paid Up Capital ₹ 1.74 Cr
- Company Age 51 Year, 9 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 nine 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
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
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Angel One LimitedMala Todarwal is a mutual person
Charges (Loans)
₹312.63 Cr
₹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.
