India's Richest People 2026 edition · 1 director · Source: Hurun India
- #56 Balkrishan Goenka ₹49,300 Cr
Revenue · FY 2026
₹2.69 Cr
▲ 45% YoY
Net loss · FY 2026
₹144.05 Cr
Latest filing
EBITDA · FY 2026
-₹143.41 Cr
Latest filing
Authorised capital
₹50 Cr
Registered with MCA
Paid-up capital
₹13.3 Cr
Issued & subscribed
Open charges
₹220 Cr
Satisfied ₹940 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
27
Provident fund records
About Adani Welspun Exploration Limited
Data last updated:
Adani Welspun Exploration Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Adani Enterprises Limited. It operates in the oil and gas exploration and production segment of the energy and power sector. It was incorporated on 05 August 2005 and has been in existence for over 21 years.
Its director Balkrishan Goenka is #56 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U40100GJ2005PLC046554. Its GSTIN is 24AAFCA3786P1Z5 (Gujarat). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹13.3 Cr. It was formerly known as Adani Energy (Haryana ) Limited. It is led by directors including Sandeep Garg (Managing Director) and Jatinkumar Rameshchandra Jalundhwala.
Its last annual general meeting (AGM) was held on 23 June 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2026, the company reported a revenue of ₹2.69 Cr, a growth of 45% compared to the previous year. For the same year it recorded a net loss of ₹144.05 Cr and EBITDA of -₹143.41 Cr. Revenue has grown at a compounded annual rate (CAGR) of 41% over three years and 24% over five years.
The company has about 27 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Adani Group. As per MCA filings, the company has open charges of ₹220 Cr and satisfied charges of ₹940 Cr on record. Court records list 1 case involving the company, including 1 filed by the company. The company has 10 deals on record (4 convertible or debt financings, 3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1,510.22 Cr; the latest was in February 2023.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website awel.com.
Company details
CIN U40100GJ2005PLC046554
Registration Number 046554
Incorporation Date 05 August 2005
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Parent Company Adani Enterprises Limited
Compliance Status Active Compliant
Key People
Sandeep Garg Managing Director Jatinkumar Rameshchandra Jalundhwala Director Rajesh Shantilal Adani Director Recognitions & Rankings of Adani Welspun Exploration
Contact details
Adani Welspun Exploration Limited's registered office is in Ahmedabad, Gujarat. Its website is awel.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAdani Corporate House Shantigram Near Vaishno Devi Circle S. G. Highway, Khodiyar, Ahmedabad, Gujarat, India – 382421
- IndustryEnergy and Power, Oil & Gas Exploration & Production
To see the full contact details of Adani Welspun Exploration Limited, buy the company report.
Comprehensive company report
Adani Welspun Exploration Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Brands
Adani Welspun Exploration operates one associated brand: Adani Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified operations are conducted across multiple industries worldwide. | adani.com |
Business activity
The main business activity of Adani Welspun Exploration is mining and quarrying. In detail, this covers extraction of crude petroleum & natural gas.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| B | Mining and quarrying | B2 | Extraction of Crude Petroleum & Natural gas |
To see the full business activity and turnover split of Adani Welspun Exploration Limited, buy the company report.
Financials of Adani Welspun Exploration Limited
FY 2026 filings availableAdani Welspun Exploration Limited reported revenue of ₹2.69 Cr (up 45% YoY) for FY 2026.
Revenue · FY 2026
₹2.69 Cr ▲ 45%
Net loss · FY 2026
₹144.05 Cr
EBITDA · FY 2026
-₹143.41 Cr
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 45%
3 years · compounded
▲ 41%
5 years · compounded
▲ 24%
Revenue has grown at a compounded annual rate (CAGR) of 24% over five years, including 45% growth in the latest year. 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹2.69 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹143.41 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹144.05 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 | |||||
To see the full financial statements and ratios of Adani Welspun Exploration Limited, buy the company report.
Board of directors of Adani Welspun Exploration Limited
Adani Welspun Exploration has 7 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Garg | Managing Director | 06 Feb 2015 | 11 Years 9 Months | Current |
| Jatinkumar Rameshchandra Jalundhwala Also directs: Adani Infra (India) Limited, Adani Bunkering Limited, Adani Navbharat Developers Private Limited and 5 more | Director | 30 Aug 2017 | 9 Years 2 Months | Current |
| Rajesh Shantilal Adani Also directs: Adani Trading Services LLP, Adani Power Limited, Adani Green Energy Limited and 5 more | Director | 17 Aug 2010 | 16 Years 2 Months | Current |
| Pranav Vinod Adani Also directs: Adani Enterprises Limited, Adani Infra (India) Limited, Karnavati Museum of Leadership Foundation and 5 more | Director | 22 Nov 2010 | 15 Years 11 Months | Current |
| Balkrishan Gopiram Goenka | Director | 27 Apr 2007 | 19 Years 6 Months | Current |
| Mala Arun Todarwal Also directs: Welspun Michigan Engineers Limited, Arun Todarwal & Associates LLP, Arun Todarwal & Co LLP and 5 more | Director | 01 Mar 2025 | 1 Years 8 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Adani Welspun Exploration Limited is audited by SHAH DHANDHARIA & CO LLP for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHAH DHANDHARIA & CO LLP | FY 2026 | 118707W/W100724 |
Shareholding
The shareholding of Adani Welspun Exploration Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Adani Welspun Exploration Limited, buy the company report.
Charges & borrowings
Open charges
₹220 Cr
Satisfied charges
₹940 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Apr 2026 | 101284871 | State Bank of India | ₹220 Cr | Open | |
| 26 Jul 2012 | 10366952 | Idbi Trusteeship Services Limited | ₹385 Cr | Satisfied | |
| 16 Mar 2012 | 10345383 | Yes Bank Limited | ₹150 Cr | Satisfied | |
| 21 Jan 2011 | 10261873 | Indusind Bank Ltd. | ₹50 Cr | Satisfied | |
| 31 Mar 2010 | 10215523 | State Bank of India | ₹100 Cr | Satisfied |
To see the full charge records of Adani Welspun Exploration Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Adani Welspun Exploration Limited has 10 deals on record (4 convertible or debt financings, 3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1,510.22 Cr; the latest was in February 2023.
Total deals
10
Convertible or debt financings
4
Funding rounds
3
Secondary share transfers
2
Rights issue
1
Disclosed funding
₹1,510.22 Cr
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2023 | Secondary share transfer | Undisclosed | Buyer: Welspun Enterprises Limited Seller: Welspun Natural Resources Private Limited |
| Mar 2016 | Rights issue | ₹19.8 Cr | Investors: Adani Enterprises Limited , Welspun Natural Resources Private Limited |
| Sep 2010 | Funding round | ₹20.62 Cr | Investors: Adani Enterprises Limited , Welspun Natural Resources Private Limited |
| Feb 2009 | Funding round | ₹16 Cr | Investors: Adani Enterprises Limited , Welspun Natural Resources Private Limited |
| Aug 2008 | Secondary share transfer | Undisclosed | Buyer: Welspun Natural Resources Private Limited Seller: Welspun Corp Limited |
To see the full deal history of Adani Welspun Exploration Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Adani Welspun Exploration Limited has 1 court case on record: 1 filed by Adani Welspun Exploration. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed by the company against Union of India | Disposed |
To see the full case history of Adani Welspun Exploration Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Adani Welspun Exploration Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Adani Welspun Exploration Limited has a workforce of 27 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
27
Active EPFO establishments
1
Employee growth
-15.6%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 27 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Adani Welspun Exploration Limited, buy the company report.
GST
Adani Welspun Exploration has 3 GST registrations: 3 active.
Total GSTINs
3
Active
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCA3786P1Z5 | Gujarat | Active | 01 Jul 2017 |
| 27AAFCA3786P1ZZ | Maharashtra | Active | 02 Apr 2018 |
| 97AAFCA3786P1ZS | Other Territory | Active | 10 Apr 2018 |
To see the full GST registrations and return filing status of Adani Welspun Exploration Limited, buy the company report.
Recent activity
Adani Welspun Exploration Limited has 22 board changes on record since 2007: 7 appointments and 15 cessations. The latest: Mala Arun Todarwal ceased to be Additional Director on 22 Jun 2025.
AGM
Adani Welspun Exploration Limited last Annual general meeting of members was held on 23 Jun 2026 as per latest MCA records.
Charges
A charge with State Bank Of India amounted to Rs. 220.00 Cr with Charge ID 101284871 was registered on 20 Apr 2026.
Filing
Adani Welspun Exploration Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Ceased
Mala Arun Todarwal ceased to be Additional Director.
Ceased
Nisha Kapoor ceased to be Additional Director.
Appointed
Mala Arun Todarwal was appointed as Director.
Appointed
Nisha Kapoor was appointed as Director.
Charges
A charge registered on 01 Sep 2009 via Charge ID 10174690 with State Bank Of India was fully satisfied on 27 Jul 2020.
Ceased
Jatinkumar Rameshchandra Jalundhwala ceased to be Additional Director.
Charges
A charge registered on 26 Jul 2012 via Charge ID 10366952 with Idbi Trusteeship Services Limited was fully satisfied on 16 May 2018.
Ceased
Jay Himatlal Shah ceased to be Director.
Ceased
Devang Sanat Desai ceased to be Director.
29 earlier events are in the company report.
News
Frequently asked questions
Adani Welspun Exploration is an active public limited company based in Ahmedabad, Gujarat, India. The company works in oil and gas exploration and production, within the energy and power industry. It was incorporated on 05 August 2005 (21+ years old) and is registered under CIN U40100GJ2005PLC046554.
Adani Welspun Exploration has 7 current directors:
- Sandeep Garg - Managing Director
- Jatinkumar Rameshchandra Jalundhwala - Director
- Rajesh Shantilal Adani - Director
- Pranav Vinod Adani - Director
- Balkrishan Gopiram Goenka - Director
- Mala Arun Todarwal - Director
- Nisha Kapoor - Director
The latest financial statements of Adani Welspun Exploration on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 23 June 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Adani Welspun Exploration is 24AAFCA3786P1Z5, registered in Gujarat. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 27AAFCA3786P1ZZ (Maharashtra), 97AAFCA3786P1ZS (Other Territory).
The CIN (Corporate Identification Number) of Adani Welspun Exploration is U40100GJ2005PLC046554. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adani Welspun Exploration has 1 court case on record: 1 filed by the company.
Adani Welspun Exploration was incorporated on 05 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Adani Welspun Exploration has 10 deals on record (4 convertible or debt financings, 3 funding rounds, 2 secondary share transfers), with disclosed funding of ₹1,510.22 Cr; the latest was in February 2023.
Mala Arun Todarwal ceased to be Additional Director on 22 Jun 2025. Nisha Kapoor ceased to be Additional Director on 22 Jun 2025. Mala Arun Todarwal was appointed as Director on 01 Mar 2025. Adani Welspun Exploration has 22 board changes on record in total.
Adani Welspun Exploration can be reached through the website awel.com. Its registered office is in Ahmedabad, Gujarat, India.
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