Wesman Thermal Engineering Processes Profile
Key Indicators
- Authorised Capital ₹ 2.50 Cr
- Paid Up Capital ₹ 2.23 Cr
- Company Age 51 Year, 4 Months
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 7.95 Cr
- Revenue Growth 33.53%
- Profit Growth -13.51%
- Ebitda 61.94%
- Net Worth 6.20%
- Total Assets 5.48%
About Wesman Thermal Engineering Processes
Wesman Thermal Engineering Processes Pvt Ltd (WTEPPL) was founded in India on 10 October 1973 and has a glorious history of 51 years and four months. Its registered office is in Kolkata, West Bengal, India.
The Company is engaged in the Machinery And Equipment 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 2.50 Cr and a paid-up capital of Rs 2.23 Cr.
The company currently has active open charges totaling ₹7.95 Cr.
Nikhil Vaswani, Monica Vaswani, Rajan Vaswani, and Two other members serve as directors at the Company.
Company Details
- Location
Kolkata, West Bengal, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media -
Corporate Identity Details
- CIN/LLPIN
U74210WB1973PTC029031
- Company No.
029031
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
10 Oct 1973
- Date of AGM
20 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Kolkata
Industry
Machinery and Equipment
What products or services does Wesman Thermal Engineering Processes Pvt Ltd offer?
Wesman Thermal Engineering Processes Pvt Ltd offers a wide range of products and services, including Industrial Furnaces & Ovens, Industrial Furnaces, Melting Furnaces, Furnace Structure, Heating Furnace, Rotary Furnaces, Bogie Hearth Furnace.
Who are the key members and board of directors at Wesman Thermal Engineering Processes?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Nikhil Vaswani  | Managing Director | 27-Aug-2008 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Monica Vaswani | Whole-Time Director | 01-Oct-2015 | Current |
| Rajan Vaswani | Whole-Time Director | 10-Oct-1973 | Current |
| Sunil Vaswani | Director | 12-Nov-2013 | Current |
| Anil Vaswani | Director | 28-Sep-2006 | Current |
Financial Performance of Wesman Thermal Engineering Processes.
Wesman Thermal Engineering Processes Pvt Ltd, for the financial year ended 2023, experienced significant growth in revenue, with a 33.53% increase. The company also saw a substantial fall in profitability, with a 13.51% decrease in profit. The company's net worth moved up by a moderate rise of 6.2%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Wesman Thermal Engineering Processes?
In 2023, Wesman Thermal Engineering Processes 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)
Nutec Bickley Wesman Kilns Private LimitedNikhil Vaswani and Anil Vaswani are mutual person
- The Wesman Engineering Company Private Limited
Nikhil Vaswani, Monica Vaswani and 3 more are mutual person
- Wesman Enterprises Private Limited
Nikhil Vaswani and Anil Vaswani are mutual person
- Wesman Simpson Technologies Private Limited
Anil Vaswani is a mutual person
Aldebaran Property Development LlpNikhil Vaswani, Monica Vaswani and 2 more are mutual person
- Arcturus Property Development Llp
Nikhil Vaswani, Monica Vaswani and 2 more are mutual person
Charges (Loans)
Open Charges
₹7.95 Cr
Satisfied Charges
₹0
Charges Breakdown by Lending Institutions
- Standard Chartered Bank : 5.31 Cr
- Others : 1.21 Cr
- Yes Bank Limited : 0.99 Cr
- Citi Bank N.A. : 0.44 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Nov 2023 | Others | ₹6.00 M | Open |
| 15 Oct 2020 | Standard Chartered Bank | ₹3.60 M | Open |
| 29 Sep 2020 | Yes Bank Limited | ₹9.90 M | Open |
| 06 Feb 2020 | Others | ₹0.92 M | Open |
| 17 Feb 2017 | Others | ₹5.20 M | Open |
How Many Employees Work at Wesman Thermal Engineering Processes?
Wesman Thermal Engineering Processes has a workforce of 86 employees as of Mar 28, 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 Wesman Thermal Engineering Processes, 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 Wesman Thermal Engineering Processes'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 Wesman Thermal Engineering Processes
Recent activity within the organization
- Charges
A charge with Others amounted to Rs. 0.60 Cr with Charge ID 100819225 was registered on 10 Nov 2023.
- Annual General Meeting
Wesman Thermal Engineering Processes Pvt Ltd last Annual general meeting of members was held on 20 Sep 2023 as per latest MCA records.
- Balance Sheet
Wesman Thermal Engineering Processes Pvt Ltd has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Kolkata.
- Charges
A charge with Standard Chartered Bank of Rs. 0.45 Cr registered on 05 Jan 2016 with Charge ID 10614587 was modified on 24 Feb 2022.
- Charges
A charge with Standard Chartered Bank of Rs. 4.50 Cr registered on 22 Feb 2011 with Charge ID 10266989 was modified on 24 Feb 2022.
- Charges
A charge with Standard Chartered Bank amounted to Rs. 0.36 Cr with Charge ID 100383919 was registered on 15 Oct 2020.
Frequently asked questions
What is the Incorporation or founding date of Wesman Thermal Engineering Processes Pvt Ltd?
Wesman Thermal Engineering Processes Pvt Ltd was incorporated on 10 Oct 1973.
What is authorized share capital and paid-up capital of Wesman Thermal Engineering Processes Pvt Ltd?
The authorized share capital of Wesman Thermal Engineering Processes Pvt Ltd is ₹ 2.50 Cr and paid-up capital is ₹ 2.23 Cr.
Who are the current board members & directors of Wesman Thermal Engineering Processes Pvt Ltd?
Currently 5 directors are associated with Wesman Thermal Engineering Processes Pvt Ltd.
- Nikhil Vaswani
- Monica Vaswani
- Rajan Arjan Vaswani
- Sunil Vaswani
- Anil Vaswani
What is the registered address of Wesman Thermal Engineering Processes Pvt Ltd?
As per Ministry of Corporate Affairs (Mca), the registered address of Wesman Thermal Engineering Processes Pvt Ltd is Wesman Center8 Mayfair Road, Kolkata, West Bengal, India, 700019.
What is the corporate identification number (CIN) and company number of Wesman Thermal Engineering Processes Pvt Ltd?
The corporate identification number (CIN) of Wesman Thermal Engineering Processes Pvt Ltd is U74210WB1973PTC029031 and the company number is 029031 as per Ministry of Corporate Affairs (MCA).
What is the official website of Wesman Thermal Engineering Processes Pvt Ltd?
The Official website of Wesman Thermal Engineering Processes Pvt Ltd is https://www.wesman.com
What has been the recent revenue trend for Wesman Thermal Engineering Processes Pvt Ltd?
According to the financial reports for the fiscal year 2023, the revenue trend for Wesman Thermal Engineering Processes Pvt Ltd has risen by 33.53%.
How many employees does Wesman Thermal Engineering Processes Pvt Ltd currently have?
As Per 2023 financial reports, 86 employees are currently employed by Wesman Thermal Engineering Processes Pvt Ltd.
What change has been observed in the net worth of Wesman Thermal Engineering Processes Pvt Ltd, and by what percentage?
The financial reports for the fiscal year 2023 indicates that The net worth of Wesman Thermal Engineering Processes Pvt Ltd has experienced an upsurge of 6.20%.
What are the total open charges for Wesman Thermal Engineering Processes Pvt Ltd?
As per the financial statements for fiscal Year 2023, The total open charges for Wesman Thermal Engineering Processes Pvt Ltd amount to ₹ 7.95 Cr.
When was the last Balance Sheet of Wesman Thermal Engineering Processes Pvt Ltd filed with the ROC?
The most recent Balance Sheet for Wesman Thermal Engineering Processes Pvt Ltd was filed with the ROC on 31 Mar 2023.
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