Welspun Steel Profile
Key Indicators
- Authorised Capital ₹ 1,066.06 Cr
- Paid Up Capital ₹ 433.96 Cr
- Company Age 20 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 3,090.41 Cr
- Revenue Growth -99.18%
- Profit Growth -84.54%
- Ebitda -107.28%
- Net Worth -74.81%
- Total Assets -80.70%
About Welspun Steel
Welspun Steel Limited (WSL) is a leading Public Limited Indian Non-Government Company incorporated in India on 03 June 2004 and has a history of 20 years and nine months. Its registered office is in Kachchh, Gujarat, India.
The Corporate was formerly known as Welspun Power And Steel Private Limited. The Company is engaged in the Metals And Minerals 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 1,066.06 Cr and a paid-up capital of Rs 433.96 Cr.
The company has closed loans amounting to ₹3,090.41 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Welspun Steel Limited India are Parul Rathore as COMPANY SECRETARY and Dilip Chokhra as Cfo. Sitaram Damodardas, Hardik Dhebar, Mala Todarwal, and One other member serve as directors at the Company.
Company Details
- Location
Kachchh, Gujarat, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U27109GJ2004PLC044249
- Company No.
044249
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
03 Jun 2004
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Ahmedabad
Industry
Metals and Minerals
What products or services does Welspun Steel Limited offer?
Welspun Steel Limited offers a wide range of products and services, including Minerals and Ores, Iron Ore, Business Planning and Management, Business Consultant, Steel Bars, Rods, Plates & Sheets, Steel Bars, Environment Protection & Auditing, Environment Protection Services, Environmental Consultants, Metal Pipe & Plumbing Fittings.
Welspun Steel Limited
Explore comprehensive data for Welspun Steel Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Welspun Steel?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Parul Rathore | Company Secretary | 02-May-2024 | Current |
| Dilip Chokhra | CFO | 01-May-2022 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Sitaram Damodardas  | Director | 30-Mar-2024 | Current |
| Hardik Dhebar | Director | 14-Dec-2023 | Current |
| Mala Todarwal | Director | 30-Mar-2022 | Current |
| Dilip Chokhra | Whole-Time Director | 01-May-2022 | Current |
Financial Performance of Welspun Steel.
Welspun Steel Limited, for the financial year ended 2022, experienced significant reduction in revenue, with a 99.18% decrease. The company also saw a substantial fall in profitability, with a 84.54% decrease in profit. The company's net worth observed a substantial decline by a decrease of 74.81%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Welspun Steel?
In 2022, Welspun Steel had a promoter holding of 96.91% and a public holding of 3.09%. The company had 3 Subsidiaries and 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Welspun Michigan Engineers LimitedMala Todarwal is a mutual person
Daman Hospitality Private LimitedHardik Dhebar is a mutual person
Aym Syntex LimitedMala Todarwal is a mutual person
Arun Todarwal & Co LlpMala Todarwal is a mutual person
Arun Todarwal & Associates LlpMala Todarwal is a mutual person
Angel One LimitedMala Todarwal is a mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹3,090.41 Cr
Charges Breakdown by Lending Institutions
- Others : 1141.00 Cr
- Icici Bank Limited : 550.00 Cr
- Idbi Trusteeship Services Limited : 325.00 Cr
- Bank Of Baroda : 273.26 Cr
- Punjab National Bank : 125.20 Cr
- Others : 675.95 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Jun 2019 | Hdfc Bank Limited | ₹40.00 Cr | Satisfied |
| 14 Dec 2018 | Idbi Trusteeship Services Limited | ₹100.00 Cr | Satisfied |
| 14 Dec 2018 | Idbi Trusteeship Services Limited | ₹75.00 Cr | Satisfied |
| 14 Aug 2018 | Others | ₹101.00 Cr | Satisfied |
| 27 Mar 2017 | Others | ₹85.00 Cr | Satisfied |
How Many Employees Work at Welspun Steel?
Welspun Steel has a workforce of 2 employees as of Apr 04, 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 Steel, 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 Steel'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 Steel
Recent activity within the organization
- Annual General Meeting
Welspun Steel Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Director Appointment
Parul Rathore was appointed as a Company Secretary was appointed as a Company Secretary on 02 May 2024 & has been associated with this company since 10 months 18 days .
- Balance Sheet
Welspun Steel Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
- Director Appointment
Sitaram Somani Damodardas was appointed as a Director was appointed as a Director on 30 Mar 2024 & has been associated with this company since 11 months 21 days .
- Director Appointment
Hardik Vinay Dhebar was appointed as a Director was appointed as a Director on 14 Dec 2023 & has been associated with this company since 1 year 3 months .
- Charges
A charge registered on 16 Feb 2005 via Charge ID 80011715 with Sbicap Trustee Company Limited was fully satisfied on 01 Aug 2023.
Recent News, Updates & Announcement
Frequently asked questions
What is the Incorporation or founding date of Welspun Steel Limited?
Welspun Steel Limited was incorporated on 03 Jun 2004.
What is authorized share capital and paid-up capital of Welspun Steel Limited?
The authorized share capital of Welspun Steel Limited is ₹ 1,066.06 Cr and paid-up capital is ₹ 433.96 Cr.
Who are the current board members & directors of Welspun Steel Limited?
Currently 6 directors are associated with Welspun Steel Limited.
- Sitaram Somani Damodardas
- Hardik Vinay Dhebar
- Mala Arun Todarwal
- Dilip Kumar Chokhra
- Parul Rathore
- Dilip Kumar Chokhra
What is the registered address of Welspun Steel Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Welspun Steel Limited is S N 650 Village Varsamedital Anjar India, Dist Kutch, Gujarat, 370110.
What is the corporate identification number (CIN) and company number of Welspun Steel Limited?
The corporate identification number (CIN) of Welspun Steel Limited is U27109GJ2004PLC044249 and the company number is 044249 as per Ministry of Corporate Affairs (MCA).
What is the official website of Welspun Steel Limited?
The Official website of Welspun Steel Limited is https://www.welspunsteel.com
What has been the recent revenue trend for Welspun Steel Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Welspun Steel Limited has fallen by -99.18%.
How many employees does Welspun Steel Limited currently have?
As Per 2022 financial reports, 2 employees are currently employed by Welspun Steel Limited.
What change has been observed in the net worth of Welspun Steel Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Welspun Steel Limited has experienced an downturn of -74.81%.
When was the last Balance Sheet of Welspun Steel Limited filed with the ROC?
The most recent Balance Sheet for Welspun Steel Limited was filed with the ROC on 31 Mar 2024.
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