Wheels India Profile
Key Indicators
- Authorised Capital ₹ 103.50 Cr
- Paid Up Capital ₹ 24.43 Cr
- Company Age 64 Year, 8 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 988.00 Cr
- Satisfied Charges ₹ 1,022.88 Cr
- Revenue Growth 17.68%
- Profit Growth -18.32%
- Ebitda -11.93%
- Net Worth 5.69%
- Total Assets 1.40%
About Wheels India
Wheels India Limited (WIL) was founded in India on 13 June 1960 and has a glorious history of 64 years and eight months. Its registered office is in Chennai, Tamil Nadu, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 590073 and on the National Stock Exchange(NSE) under WHEELS.
The Corporate was formerly known as Wheels India Private Limited. The Company is engaged in the Automotive 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 103.50 Cr and a paid-up capital of Rs 24.43 Cr.
The company currently has active open charges totaling ₹988.00 Cr. The company has closed loans amounting to ₹1,022.88 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Wheels India Limited India are Ramesh Pitchai as CFO and Lakshmi Kunissery as Company Secretary. Santhanam Ram, Srivats Ram, Rishikesha Krishnan, and Three other members serve as directors at the Company.
Company Details
- Location
Chennai, Tamil Nadu, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
Industry
What products or services does Wheels India Limited offer?
Wheels India Limited offers a wide range of products and services, including Tyre, Tube & Flaps, Wheel Rim, Bicycle Spare Parts, Bicycle Wheel Parts, Suspension System & Components, Suspension Parts, Tractor Tyres, Suspension Arm Assembly, Suspension Links.
Who are the key members and board of directors at Wheels India?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Srivats Ram  | Managing Director | 01-Oct-2000 | Current |
| Ramesh Pitchai | CFO | 01-Nov-2022 | Current |
| Lakshmi Kunissery | Company Secretary | 06-Nov-2017 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Rishikesha Krishnan | Director | 04-Nov-2019 | Current |
| Raghavendra Rao | Director | 13-Nov-2018 | Current |
| Santhanam Ram | Director | 28-May-1974 | Current |
| Santhanam Viji | Director | 31-Jul-1986 | Current |
| Sumithra Gomatam | Director | 24-Apr-2019 | Current |
Financial Performance of Wheels India.
Wheels India Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 17.68% increase. The company also saw a substantial fall in profitability, with a 18.32% decrease in profit. The company's net worth moved up by a moderate rise of 5.69%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Wheels India?
In 2023, Wheels India had a promoter holding of 58.73% and a public holding of 41.28%. The company had 1 Subsidiary and 1 Associate company. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Wil Car Wheels LimitedSrivats Ram is a mutual person
Technosoft Global Services Private LimitedSumithra Gomatam is a mutual person
Reventics Private LimitedSumithra Gomatam is a mutual person
T.V. Sundram Iyengar & Sons Private LimitedSanthanam Ram, Srivats Ram and 1 more are mutual person
Sundaram Asset Management Company LimitedRaghavendra Rao is a mutual person
Omega Healthcare Management Services Private LimitedSumithra Gomatam is a mutual person
Charges (Loans)
₹988.00 Cr
₹1,022.88 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 860.00 Cr
- Axis Bank Limited : 50.00 Cr
- Hdfc Bank Limited : 50.00 Cr
- Others : 28.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Sep 2024 | Hdfc Bank Limited | ₹50.00 Cr | Open |
| 28 Mar 2024 | Axis Bank Limited | ₹50.00 Cr | Open |
| 16 Feb 2021 | Others | ₹28.00 Cr | Open |
| 04 Sep 1961 | State Bank Of India | ₹860.00 Cr | Open |
| 28 Jun 2021 | Others | ₹4.10 Cr | Satisfied |
How Many Employees Work at Wheels India?
Wheels India has a workforce of 4726 employees as of Apr 07, 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 Wheels India, 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 Wheels India'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.
