Hurun India Rich List 2026 edition · 1 director
- #1,750 Rajesh R Mandawewala ₹1,000 Cr
Mandawewala Enterprises Limited
Mandawewala Enterprises Limited - home & lifestyle in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Active Public Limited Company home and lifestyle
Revenue · FY 2023
₹1,465.66 Cr
Latest filing
Net profit · FY 2023
₹6.98 Cr
Net margin 0.5%
EBITDA · FY 2023
₹95.09 Cr
EBITDA margin 6.5%
Authorised capital
₹101.11 Cr
Registered with MCA
Paid-up capital
₹18.08 Cr
Issued & subscribed
Company age
19 yrs
Est. 2007
Directors on board
5
As per MCA filings
Active GSTINs
1
GST registered
About Mandawewala Enterprises Limited
Data last updated:
Mandawewala Enterprises Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the textile retail and distribution segment of the home and lifestyle products sector. It was incorporated on 09 June 2007 and has been in existence for over 19 years.
Its director Rajesh R Mandawewala is #1,750 on the Hurun India Rich List 2026.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17200MH2007PLC452532. Its GSTIN is 27AAACW7156L1ZU (Maharashtra).
The company has an authorised share capital of ₹101.11 Cr and a paid-up capital of ₹18.08 Cr. It was formerly known as Welspun Marine Logistics (Raigad) Limited and Welspun Integrated Textile Park Limited. It is led by directors including Khushboo Abhishek Mandawewala (Whole-Time Director) and Rajesh Rameshkumar Mandawewala.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at B – Wing 9th Floor Trade World Kamala Mills Compound, Senapati Bapat Marg Lower Parel Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2023, the company reported a revenue of ₹1,465.66 Cr. For the same year it recorded a net profit of ₹6.98 Cr (net margin 0.5%) and EBITDA of ₹95.09 Cr (EBITDA margin 6.5%). Revenue has grown at a compounded annual rate (CAGR) of 11% over five years.
The company has 12 deals on record (9 funding rounds, 3 secondary share transfers), with disclosed funding of ₹228.59 Cr; the latest was in November 2022.
The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Mandawewala Enterprises Limited
CIN U17200MH2007PLC452532
Registration Number 452532
Incorporation Date 09 June 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
Name History of Mandawewala Enterprises Limited
Mandawewala Enterprises has undergone 2 name changes throughout its history. The company was previously known as Welspun Marine Logistics (Raigad) Limited, and Welspun Integrated Textile Park Limited. The current legal name is Mandawewala Enterprises Limited.
| Company Name | Status |
|---|---|
| Mandawewala Enterprises Limited | Current |
| Welspun Marine Logistics (Raigad) Limited | Previous |
| Welspun Integrated Textile Park Limited | Previous |
CIN History of Mandawewala Enterprises Limited
Mandawewala Enterprises has 4 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U17200MH2007PLC452532, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17200MH2007PLC452532 | Current |
| U61200MH2007PLC171473 | Previous |
| U17200GJ2007PLC111412 | Previous |
| U17299MH2007PLC171473 | Previous |
| U17200MH2007PLC171473 | Previous |
Key People
Khushboo Abhishek Mandawewala Whole-Time Director Rajesh Rameshkumar Mandawewala Director Jyoti Ravindra Shinde Director Recognitions & Rankings of Mandawewala Enterprises
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressB – Wing 9th Floor Trade World Kamala Mills Compound, Senapati Bapat Marg Lower Parel Mumbai, Maharashtra, India – 400013
- IndustryHome & Lifestyle, Textile Retail & Distribution
Comprehensive company report
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Financials of Mandawewala Enterprises Limited FY 2024 filings available
Mandawewala Enterprises Limited reported revenue of ₹1,465.66 Cr for FY 2023.
Revenue · FY 2023
₹1,465.66 Cr
Net profit · FY 2023
₹6.98 Cr margin 0.5%
EBITDA · FY 2023
₹95.09 Cr margin 6.5%
Compounded Annual Growth Rate (CAGR) of Mandawewala Enterprises Limited
Revenue CAGR growth
5 years · compounded
▲ 11%
EBITDA CAGR growth
5 years · compounded
▲ 8%
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Mandawewala Enterprises Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹95.09 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹6.98 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Mandawewala Enterprises Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mandawewala Enterprises are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Mandawewala Enterprises Limited
Mandawewala Enterprises has 5 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Rameshkumar Mandawewala Also directs: Welspun Real Estate Ventures LLP, DBG Multiventures LLP, Welspun Living Limited and 5 more | Director | 03 Sep 2015 | 11 Years 1 Months | Current |
| Khushboo Abhishek Mandawewala Also directs: Aym Syntex Limited, Aym Textiles Private Limited, Arah Realties Private Limited and 2 more | Whole-Time Director | 25 Oct 2017 | 8 Years 11 Months | Current |
| Jyoti Ravindra Shinde Also directs: Shubhchintak Technology Private Limited, Usher Eas Private Limited | Director | 01 Apr 2024 | 2 Years 6 Months | Current |
| Abhishek Rajesh Mandawewala Also directs: Aym Syntex Limited, Angel Power and Steel Private Limited, Association of Synthetic Fibre Industry and 5 more | Director | 14 Oct 2015 | 11 Years 0 Months | Current |
| Manoj Kewalchand Damani Also directs: Claimjustice Global Services Private Limited | Director | 01 Apr 2024 | 2 Years 6 Months | Current |
Charges & Borrowings of Mandawewala Enterprises Limited
Mandawewala Enterprises Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Mandawewala Enterprises Limited
Mandawewala Enterprises Limited has 12 deals on record (9 funding rounds, 3 secondary share transfers), with disclosed funding of ₹228.59 Cr; the latest was in November 2022.
Total deals
12
Funding rounds
9
Secondary share transfers
3
Disclosed funding
₹228.59 Cr
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2022 | Secondary share transfer | Undisclosed | Seller: MGN Agro Properties Private Limited |
| Oct 2018 | Funding round | ₹8.5 Cr | Investors: MGN Agro Properties Private Limited |
| Aug 2018 | Funding round | ₹27 Cr | Investors: MGN Agro Properties Private Limited |
| May 2018 | Funding round | ₹98.63 Cr | Investors: MGN Agro Properties Private Limited |
| Oct 2017 | Funding round | ₹25 Cr | Investors: MGN Agro Properties Private Limited |
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Full deal history
All 12 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Mandawewala Enterprises Limited
Employment history and EPFO contributions of people linked to Mandawewala Enterprises.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Mandawewala Enterprises Limited
Mandawewala Enterprises Limited has 18 board changes on record since 2011: 5 appointments and 13 cessations. The latest: Jyoti Ravindra Shinde ceased to be Additional Director on 29 Sep 2024.
AGM
Mandawewala Enterprises Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Jyoti Ravindra Shinde ceased to be Additional Director.
Ceased
Manoj Kewalchand Damani ceased to be Additional Director.
Appointed
Jyoti Ravindra Shinde was appointed as Director.
Appointed
Manoj Kewalchand Damani was appointed as Director.
Filing
Mandawewala Enterprises Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Mihen Jyotindra Halani ceased to be Director.
Ceased
Navin Sinha Kishore Prasad ceased to be Director.
Ceased
Yash Rajesh Mandawewala ceased to be Whole-Time Director.
Ceased
Ashitosh Sheth ceased to be Company Secretary.
Ceased
Khushali Yash Mandawewala ceased to be CFO.
Appointed
Khushboo Abhishek Mandawewala was appointed as Whole-Time Director.
9 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Mandawewala Enterprises Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Mandawewala Enterprises Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mandawewala Enterprises Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Mandawewala Enterprises Limited
Mandawewala Enterprises has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW7156L1ZU | Maharashtra | Active | 03 Mar 2018 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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MCA Filings & Documents of Mandawewala Enterprises Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Frequently Asked Questions about Mandawewala Enterprises Limited
Mandawewala Enterprises is an active public limited company based in Mumbai, Maharashtra, India. The company works in textile retail and distribution, within the home and lifestyle industry. It was incorporated on 09 June 2007 (19+ years old) and is registered under CIN U17200MH2007PLC452532.
Mandawewala Enterprises reported revenue of ₹1,465.66 Cr for FY 2023.
Mandawewala Enterprises has 5 current directors:
- Khushboo Abhishek Mandawewala - Whole-Time Director
- Rajesh Rameshkumar Mandawewala - Director
- Jyoti Ravindra Shinde - Director
- Abhishek Rajesh Mandawewala - Director
- Manoj Kewalchand Damani - Director
Mandawewala Enterprises reported a net profit of ₹6.98 Cr (net margin 0.5%) and EBITDA of ₹95.09 Cr (EBITDA margin 6.5%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mandawewala Enterprises is 11% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mandawewala Enterprises is 27AAACW7156L1ZU, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mandawewala Enterprises is U17200MH2007PLC452532. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mandawewala Enterprises was incorporated on 09 June 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Mandawewala Enterprises has 12 deals on record (9 funding rounds, 3 secondary share transfers), with disclosed funding of ₹228.59 Cr; the latest was in November 2022.
Jyoti Ravindra Shinde ceased to be Additional Director on 29 Sep 2024. Manoj Kewalchand Damani ceased to be Additional Director on 29 Sep 2024. Jyoti Ravindra Shinde was appointed as Director on 01 Apr 2024. Mandawewala Enterprises has 18 board changes on record in total.