Welspun Specialty Solutions Profile
Key Indicators
- Authorised Capital ₹ 565.00 Cr
- Paid Up Capital ₹ 368.96 Cr
- Company Age 44 Year, 2 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 702.36 Cr
- Satisfied Charges ₹ 1,802.45 Cr
- Revenue Growth 91.93%
- Profit Growth -133.03%
- Ebitda 10.99%
- Net Worth -80.60%
- Total Assets 24.57%
About Welspun Specialty Solutions
Welspun Specialty Solutions Limited (WSSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 29 December 1980 and has a history of 44 years and two months. Its registered office is in Bharuch, Gujarat, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 500365.
The Corporate was formerly known as Rmg Alloy Steel Limited. The Company is engaged in the Engineering Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 565.00 Cr and a paid-up capital of Rs 368.96 Cr.
The company currently has active open charges totaling ₹702.36 Cr. The company has closed loans amounting to ₹1,802.45 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Welspun Specialty Solutions Limited India are Navin Agarwal as CFO and Suhas Pawar as Company Secretary. Balkrishan Goenka, Myneni Rao, Anuj Burakia, and Five other members serve as directors at the Company.
Company Details
- Location
Bharuch, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
L27100GJ1980PLC020358
- Company No.
020358
- Stock Symbol
BSE : 500365
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
29 Dec 1980
- Date of AGM
25 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Listed
- ROC Code
Roc Ahmedabad
Industry
Engineering
Manufacturing
Who are the key members and board of directors at Welspun Specialty Solutions?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Navin Agarwal | CFO | 06-Jan-2025 | Current |
Suhas Pawar  | Company Secretary | 31-Oct-2022 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Viswanathan Kollengode | Director | 27-Apr-2022 | Current |
| Vipul Mathur | Director | 27-Apr-2022 | Current |
| Ravindra Pandey | Additional Director | 23-Nov-2024 | Current |
| Myneni Rao | Director | 28-Aug-2018 | Current |
| Balkrishan Goenka | Director | 06-Aug-2018 | Current |
| Anuj Burakia | Whole-Time Director | 28-May-2015 | Current |
Financial Performance of Welspun Specialty Solutions.
Welspun Specialty Solutions Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 91.93% increase. The company also saw a substantial fall in profitability, with a 133.03% decrease in profit. The company's net worth observed a substantial decline by a decrease of 80.6%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
| Metrics |
| (FY 2022) | (FY 2021) | (FY 2020) | (FY 2019) | ||
|---|---|---|---|---|---|---|---|
| Total Revenue |
| ||||||
| Revenue from Operations |
| ||||||
| Total Assets |
| ||||||
| Profit or Loss |
| ||||||
| Net Worth |
| ||||||
| EBITDA |
|
What is the Ownership and Shareholding Structure of Welspun Specialty Solutions?
In 2024, Welspun Specialty Solutions had a promoter holding of 55.17% and a public holding of 44.82%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Welspun Captive Power Generation LimitedViswanathan Kollengode is a mutual person
Sis Cash Services LimitedRavindra Pandey is a mutual person
Innomet Advanced Materials LimitedMyneni Rao is a mutual person
Pay10 Services Private LimitedRavindra Pandey is a mutual person
Welspun Corp LimitedBalkrishan Goenka, Ravindra Pandey and 1 more are mutual person
- Welspun Di Pipes Limited
Amita Misra and Vipul Mathur are mutual person
Charges (Loans)
Open Charges
₹702.36 Cr
Satisfied Charges
₹1,802.45 Cr
Charges Breakdown by Lending Institutions
- Idbi Trusteeship Services Limited : 402.36 Cr
- Others : 300.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Dec 2022 | Idbi Trusteeship Services Limited | ₹300.00 Cr | Open |
| 12 Sep 2022 | Others | ₹160.00 Cr | Open |
| 30 Mar 2022 | Others | ₹140.00 Cr | Open |
| 14 Dec 2018 | Idbi Trusteeship Services Limited | ₹75.00 Cr | Open |
| 29 Jun 2010 | Idbi Trusteeship Services Limited | ₹27.36 Cr | Open |
How Many Employees Work at Welspun Specialty Solutions?
Unlock and access historical data on people associated with Welspun Specialty Solutions, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Welspun Specialty Solutions, 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 Specialty Solutions'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 Specialty Solutions
Recent activity within the organization
- Director Appointment
Navin Basant Kumar Agarwal was appointed as a Cfo was appointed as a Cfo on 06 Jan 2025 & has been associated with this company since 2 months 21 days .
- Director Appointment
Ravindra Pandey was appointed as a Additional Director was appointed as a Additional Director on 23 Nov 2024 & has been associated with this company since 4 months 4 days .
- Annual General Meeting
Welspun Specialty Solutions Limited last Annual general meeting of members was held on 25 Sep 2024 as per latest MCA records.
- Balance Sheet
Welspun Specialty Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Charges
A charge with Idbi Trusteeship Services Limited amounted to Rs. 300.00 Cr with Charge ID 100667832 was registered on 29 Dec 2022.
- Charges
A charge registered on 15 Jul 2011 via Charge ID 10299798 with Idbi Trusteeship Services Limited was fully satisfied on 28 Nov 2022.
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Welspun Specialty Solutions Limited?
Welspun Specialty Solutions Limited was incorporated on 29 Dec 1980.
What is authorized share capital and paid-up capital of Welspun Specialty Solutions Limited?
The authorized share capital of Welspun Specialty Solutions Limited is ₹ 565.00 Cr and paid-up capital is ₹ 368.96 Cr.
Who are the current board members & directors of Welspun Specialty Solutions Limited?
Currently 10 directors are associated with Welspun Specialty Solutions Limited.
- Navin Basant Kumar Agarwal
- Balkrishan Gopiram Goenka
- Myneni Narayana Rao
- Anuj Burakia
- Prakash R Tatia
- Ravindra Pandey
- Amita Misra
- Vipul Mathur
- Suhas Gopal Pawar
- Viswanathan Hariharan Kollengode
What is the registered address of Welspun Specialty Solutions Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Welspun Specialty Solutions Limited is Plot No 1 G I D C Industrial Estate Valia Road, India, Jhagadia, Gujarat, 393110.
What is the corporate identification number (CIN) and company number of Welspun Specialty Solutions Limited?
The corporate identification number (CIN) of Welspun Specialty Solutions Limited is L27100GJ1980PLC020358 and the company number is 020358 as per Ministry of Corporate Affairs (MCA).
Is Welspun Specialty Solutions Limited registered with any stock exchange in India?
Yes, Welspun Specialty Solutions Limited is registered on Bombay Stock Exchange (BSE).
What is the official website of Welspun Specialty Solutions Limited?
The Official website of Welspun Specialty Solutions Limited is https://www.rmgalloysteel.com
What has been the recent revenue trend for Welspun Specialty Solutions Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Welspun Specialty Solutions Limited has risen by 91.93%.
What change has been observed in the net worth of Welspun Specialty Solutions Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Welspun Specialty Solutions Limited has experienced an downturn of -80.60%.
What are the total open charges for Welspun Specialty Solutions Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Welspun Specialty Solutions Limited amount to ₹ 702.36 Cr.
When was the last Balance Sheet of Welspun Specialty Solutions Limited filed with the ROC?
The most recent Balance Sheet for Welspun Specialty Solutions Limited was filed with the ROC on 31 Mar 2024.
People also Viewed
Dipali ShethAdditional Director
Rishabh SarafAdditional Director
Rajesh MandawewalaDirector
Prafulla VaidyaNominee Director
Nirmal GangwalAdditional Director
Amita KariaDirectorLK
Lokeshwar KshatriyaWholetime DirectorRS
Ram SharmaDirector