Wheels India Limited

Manufacturer of wheels, air suspension systems, and power structures for various automotive segments.

1960 | Chennai, Tamil Nadu (India) | Active
Last Updated:

Wheels India Profile

Key Indicators

  • Authorised Capital ₹ 103.50 Cr
  • Paid Up Capital ₹ 24.43 Cr
  • Company Age 64 Year, 9 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 nine 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

  • CIN/LLPIN

    L35921TN1960PLC004175

  • Company No.

    004175

  • Stock Symbol

    BSE : 590073 NSE : WHEELS

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    13 Jun 1960

  • Date of AGM

    17 Jul 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Chennai

Industry

Automotive

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)

NameDesignationAppointment DateStatus
Srivats Ram Country flag representing In Managing Director01-Oct-2000Current
Ramesh Pitchai Country flag representing In CFO01-Nov-2022Current
Lakshmi Kunissery Company Secretary06-Nov-2017Current

Board Members (5)

NameDesignationAppointment DateStatus
Rishikesha Krishnan Country flag representing In Director 04-Nov-2019Current
Raghavendra Rao Country flag representing In Director 13-Nov-2018Current
Santhanam Ram Country flag representing In Director 28-May-1974Current
Santhanam Viji Country flag representing In Director 31-Jul-1986Current
Sumithra Gomatam Country flag representing In Director 24-Apr-2019Current

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%.

Wheels India revenue growth over time
Wheels India profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
17.68%
Revenue from Operations
17.51%
Total Assets
1.40%
Profit or Loss
-18.32%
Net Worth
5.69%
EBITDA
-11.93%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹988.00 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
26 Sep 2024Hdfc Bank Limited₹50.00 CrOpen
28 Mar 2024Axis Bank Limited₹50.00 CrOpen
16 Feb 2021Others₹28.00 CrOpen
04 Sep 1961State Bank Of India₹860.00 CrOpen
28 Jun 2021Others₹4.10 CrSatisfied

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.

Employee growth trends for Wheels India Limited

Deals i

Graph showing company valuation over time

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

Graph displaying rating trends over time

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

Alert Indicator

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 Wheels India

Recent activity within the organization

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 50.00 Cr with Charge ID 100984731 was registered on 26 Sep 2024.

  • Charges

    A charge registered on 29 Mar 2021 via Charge ID 100436590 with Axis Bank Limited was fully satisfied on 04 Sep 2024.

  • Charges

    A charge registered on 09 Jan 2020 via Charge ID 100327575 with Axis Bank Limited was fully satisfied on 04 Sep 2024.

  • Annual General Meeting

    Wheels India Limited last Annual general meeting of members was held on 17 Jul 2024 as per latest MCA records.

  • Balance Sheet

    Wheels India Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chennai.

  • Charges

    A charge with Axis Bank Limited amounted to Rs. 50.00 Cr with Charge ID 100899429 was registered on 28 Mar 2024.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Wheels India Limited?

    Wheels India Limited was incorporated on 13 Jun 1960.

  • What is authorized share capital and paid-up capital of Wheels India Limited?

    The authorized share capital of Wheels India Limited is ₹ 103.50 Cr and paid-up capital is ₹ 24.43 Cr.

  • Who are the current board members & directors of Wheels India Limited?

    Currently 8 directors are associated with Wheels India Limited.

    • Santhanam Ram
    • Srivats Ram
    • Rishikesha Thiruvenkata Krishnan
    • Santhanam Viji
    • Raghavendra Raghuttama Rao
    • Sumithra Gomatam
    • Ramesh Pitchai
    • Lakshmi Viswanathan Kunissery

  • What is the registered address of Wheels India Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Wheels India Limited is 21, Pattulos Roadchennai India, Tamilnadu, Tamil Nadu, 600002.

  • What is the corporate identification number (CIN) and company number of Wheels India Limited?

    The corporate identification number (CIN) of Wheels India Limited is L35921TN1960PLC004175 and the company number is 004175 as per Ministry of Corporate Affairs (MCA).

  • Is Wheels India Limited registered with any stock exchange in India?

    Yes, Wheels India Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): WHEELS.

  • What is the official website of Wheels India Limited?

    The Official website of Wheels India Limited is https://www.wheelsindia.com

  • What has been the recent revenue trend for Wheels India Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Wheels India Limited has risen by 17.68%.

  • How many employees does Wheels India Limited currently have?

    As Per 2023 financial reports, 4726 employees are currently employed by Wheels India Limited.

  • What change has been observed in the net worth of Wheels India Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Wheels India Limited has experienced an upsurge of 5.69%.

  • What are the total open charges for Wheels India Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Wheels India Limited amount to ₹ 988.00 Cr.

  • When was the last Balance Sheet of Wheels India Limited filed with the ROC?

    The most recent Balance Sheet for Wheels India Limited was filed with the ROC on 31 Mar 2024.

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