About Wearit Group
Wearit Group is an Industrial Goods & Manufacturing company based in Kolkata (India) founded in 1996. Precision designing and manufacturing solutions in India. The company has 104 employees. Its Indian entity Wearit Global Limited reported revenue of ₹48.83 Cr. Wearit Group offers products and services including Precision Designing and Synthetics Manufacturing. Its focus areas include Manufacturing, Industrial, Precision Engineering and Critical Applications.
Company details
Wearit is identified as a company that designs solutions for critical applications, with innovations and quality attention being emphasized in its operations. Competence is nurtured through global outreach, incorporating diverse perspectives to enhance competitiveness. Greener solutions are engineered to address sustainability, while a strong work culture is established to leverage team strengths. Manufacturing facilities are located in Madhya Pradesh, and the corporate office is situated in Kolkata, India. Customer success is evaluated as a key metric for the companys performance, ensuring efficiencies are met in various sectors.
- Headquarters Kolkata, India
- Employees 104
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
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- Legal Name Wearit Global Limited
- Date of Incorporation 03 Aug, 1999
- Jurisdiction Kolkata, West Bengal, India
- Annual Revenue₹48.83 Cr
FY 2020 · -80% YoY
- Net Loss-₹45.28 Cr
FY 2020 · -93% margin
- EBITDA-₹38.96 Cr
FY 2020 · -80% margin
- Employee Count104
Associated legal entities of Wearit Group
Wearit Group operates through Wearit Global Limited (under liquidation). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2020) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Wearit Global Limited CIN U40107WB1999PLC089994 | Under Liquidation | 03 Aug 1999 | Kolkata, West Bengal | ₹48.8 Cr | 104 | 6 | View details |
Products & Services of Wearit Group
Wearit Group offers a comprehensive portfolio of products and services, including Precision Designing and Synthetics Manufacturing.
Solutions for critical applications are designed by Wearit to achieve excellence through innovations and quality attention.
Synthetic products are manufactured by Wearit at dedicated facilities to support industrial needs and downstream efficiencies.
Board of directors of Wearit Global Limited (Wearit Group)
Wearit Global Limited is the primary company behind Wearit Group. The board of Wearit Global Limited currently have 5 directors; the longest-serving is Manish Kumar, appointed in 2010. 17 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Manish Kumar DIN 00121900 | Managing Director | 26 Oct 2010 | 16 yrs | Wearit Global Limited |
| Sandeep Agarwal DIN 07123294 | Director | 11 Nov 2017 | 8 yrs 11 mo | Wearit Global Limited |
| Abhisek Adhikary DIN 09060384 | CFO | 01 Jun 2019 | 7 yrs 4 mo | Wearit Global Limited |
| Manas Ghosal DIN 08800323 | Additional Director | 20 Jul 2020 | 6 yrs 3 mo | Wearit Global Limited |
| Vaibhav Khandelwal DIN 03426604 | IRP/RP/Liquidator | 17 Dec 2024 | 1 yr 10 mo | Wearit Global Limited |
Financials of Wearit Group
Figures of Wearit Global Limited, the primary company behind Wearit Group, for FY 2020. Revenue was ₹48.83 Cr (-80% year on year). Net loss was -₹45.28 Cr (-93% margin). EBITDA was -₹38.96 Cr (-80% margin). Revenue has grown at a compounded annual rate of -60% over three years and -41% over five years.
- ₹48.83 CrRevenue · FY 2020 · -80% YoY
- -₹45.28 CrNet loss · -93% margin
- -₹38.96 CrEBITDA · -80% margin
- ₹22.84 CrPaid-up capital
- 104Employees (provident fund records)
- -60%Revenue CAGR, 3 years
- -41%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Wearit Global Limited are on its company page.
Detailed financial statements for Wearit Group
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Top companies in Engineering & R&D Services
3 companies that operate in the same segment as Wearit Group (Engineering & R&D Services) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Provider of digital engineering and technology services | 1991 | Hyderabad, Telangana, India | USD 774.64 M | 12,020 | ||
Engineering consulting services in BIM and design fields are provided. | 1993 | Pune, Maharashtra, India | USD 16 M | USD 36.53 M | 1,429 | |
Provider of product engineering, process automation, IT advisory, software development, and other services | 1996 | Ahmedabad, Gujarat, India |
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Frequently Asked Questions about Wearit Group
Wearit Group was founded in 1996.
Wearit Group is headquartered in Kolkata, India. It is registered at Kolkata, West Bengal, India.
Wearit Group has 104 employees.
The primary company behind Wearit Group, Wearit Global Limited, reported revenue of ₹48.83 Cr for FY 2020, down 80% year on year.
Wearit is identified as a company that designs solutions for critical applications, with innovations and quality attention being emphasized in its operations. Competence is nurtured through global outreach, incorporating diverse perspectives to enhance competitiveness. Greener solutions are engineered to address sustainability, while a strong work culture is established to leverage team strengths. Manufacturing facilities are located in Madhya Pradesh, and the corporate office is situated in Kolkata, India. Customer success is evaluated as a key metric for the companys performance, ensuring efficiencies are met in various sectors.
Wearit Group offers Precision Designing and Synthetics Manufacturing.
Wearit Group operates through Wearit Global Limited.
The legal entities of Wearit Group currently have 5 directors, including Vaibhav Khandelwal, Sandeep Agarwal, Abhisek Adhikary and others.