Welspun Michigan Engineers Profile
Key Indicators
- Authorised Capital ₹ 15.00 Cr
as on 12-09-2024
- Paid Up Capital ₹ 1.74 Cr
as on 12-09-2024
- Company Age 51 Year, 5 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 312.63 Cr
as on 12-09-2024
- Satisfied Charges ₹ 143.68 Cr
as on 12-09-2024
- Revenue 40.47%
(FY 2022)
- Profit 41.36%
(FY 2022)
- Ebitda 48.32%
(FY 2022)
- Net Worth 15.65%
(FY 2022)
- Total Assets -6.07%
(FY 2022)
About Welspun Michigan Engineers
The Corporate was formerly known as Michigan Engineers Ltd. The Company is engaged in the Construction 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.
- 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
Company Details
- Location
Mumbai, Maharashtra, India
- Telephone
- Email Address
- Website
-
- Social Media
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 and Corporate Structure Insights of Welspun Michigan Engineers.
Michigan Engineers Pvt Ltd, for the financial year ended 2022, experienced significant growth in revenue, with a 40.47% increase. The company also saw a substantial improvement in profitability, with a 41.36% increase in profit. The company's net worth Soared by an impressive increase of 15.65%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Welspun Michigan Engineers?
In 2021, 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.
Related Corporates (Common Directorship)
29 years 5 months 
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Axis Bank Limited Creation Date: 26 Jun 2024 | ₹14.89 Cr | Open |
Others Creation Date: 23 Nov 2023 | ₹8.49 M | Open |
Others Creation Date: 09 Oct 2023 | ₹8.49 M | Open |
How Many Employees Work at Welspun Michigan Engineers?
Welspun Michigan Engineers has a workforce of 126 employees as of Apr 09, 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.
