About WellRx Technologies
WellRx Technologies is an Industrial Goods & Manufacturing company based in Rewari (India) founded in 2019 by Shaily Nimodia, Rahul Gupta, Deepak Diwaker, and Sudhir Sharawat. Provider of oilfield equipmant and services. It operates in the Industrial Goods & Manufacturing and Energy & Utilities sectors. WellRx Technologies has raised $306.93 thousand across 1 funding round from investors including ONGC. The company has 46 employees. WellRx Technologies was last valued at $3.63 million in December 2022. Its chief executive, as recorded, is Rahul Gupta. Its Indian entity Wellrx Technologies Private Limited reported revenue of ₹11.61 Cr. WellRx Technologies offers products and services including Completion Equipment and Liner Systems. Its focus areas include Energy, Oilfield Services, Oil & Gas Equipment and Diversified Equipments.
Company details
WellRx Technologies was founded in 2019 in Rewari, India, as a provider of oilfield equipment and services. Specialization is maintained in oilfield technology and engineering services, with focus on advanced well construction, well intervention, and production enhancement within the oil and gas industry. Integrated well intervention solutions and proprietary workflows are utilized. Operations have extended to renewable energy sectors, alongside RD efforts in broader energy applications.
- Headquarters Rewari, India
- Employees 46
- Founders Shaily Nimodia, Rahul Gupta, Deepak Diwaker, Sudhir Sharawat
- Stage Minicorn
- SectorsIndustrial Goods & ManufacturingEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website wellrxtech.com
- Social LinkedIn
- Legal Name Wellrx Technologies Private Limited
- Date of Incorporation 06 Nov, 2019
- Jurisdiction Bawal, Haryana, India
- Annual Revenue₹11.61 Cr
FY 2022 · +1802% YoY
- Net Profit₹58 Lakh
FY 2022 · 5% margin
- EBITDA₹90.2 Lakh
FY 2022 · 8% margin
- Total Equity Funding$306.93K (USD)
in 1 rounds
- Latest Funding Round$306.93K (USD), Seed
Dec 2022
- Investors
- Employee Count46
Associated legal entities of WellRx Technologies
WellRx Technologies operates through Wellrx Technologies Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Wellrx Technologies Private Limited CIN U29309HR2019PTC083431 | Active | 06 Nov 2019 | Bawal, Haryana | ₹11.6 Cr | 46 | 3 | View details |
Products & Services of WellRx Technologies
WellRx Technologies offers a comprehensive portfolio of products and services, including Completion Equipment and Liner Systems.
Completion equipment is provided to optimize well operations through a range of products that are fully integrated and engineered for various applications.
Liner systems are utilized to reduce CAPEX by suspending casing strings in previous ones, thereby offering completion solutions in oilfield environments.
Funding Insights of WellRx Technologies
WellRx Technologies has successfully raised a total of $306.93K through 1 strategic funding round. The most recent funding activity was a Seed round of $306.93 thousand completed in December 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $306,933
- Total Rounds 1
- Last Round Seed — $306,933
- First Round $306,933
(Dec 2022)
- Investors Count 1
All 1 funding rounds of WellRx Technologies with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2022 | $306,933 | Seed | $3.63M | ONGC | – |
| Date | Valuation | Stage |
|---|---|---|
| Dec 2022 | $3.63M | •••••••• |
Last known valuation $3.63M (Dec 2022). 1 investors in total: 1 institutional.
Investors in WellRx Technologies
WellRx Technologies has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include ONGC.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Provider of crude oil & natural gas exploration and production services | 1956 | ongcindia.com | Delhi, India |
Investor details for WellRx Technologies
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Wellrx Technologies Private Limited (WellRx Technologies)
Wellrx Technologies Private Limited is the primary company behind WellRx Technologies. The board of Wellrx Technologies Private Limited currently have 3 directors; the longest-serving is Shaily Nimodia, appointed in 2019.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shaily Nimodia DIN 08231640 | Director | 06 Nov 2019 | 6 yrs 11 mo | Wellrx Technologies Private Limited |
| Sudhir DIN 06682315 | Director | 06 Nov 2019 | 6 yrs 11 mo | Wellrx Technologies Private Limited |
| Deepak Diwaker DIN 07702931 | Director | 06 Nov 2019 | 6 yrs 11 mo | Wellrx Technologies Private Limited |
People of WellRx Technologies
4 people are tracked at WellRx Technologies (4 in leadership); the tracked headcount is 46.
| Name | Role | Group |
|---|---|---|
| Co-Founder & Director of Finance | Leadership | |
Rahul Gupta | Co-Founder & CEO | Leadership |
| Co-Founder | Leadership | |
Sudhir Sharawat | Co-Founder | Leadership |
Complete people profiles for WellRx Technologies
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of WellRx Technologies
Figures of Wellrx Technologies Private Limited, the primary company behind WellRx Technologies, for FY 2022. Revenue was ₹11.61 Cr (+1802% year on year). Net profit was ₹58 Lakh (5% margin). EBITDA was ₹90.2 Lakh (8% margin).
- ₹11.61 CrRevenue · FY 2022 · +1802% YoY
- ₹58 LakhNet profit · 5% margin
- ₹90.2 LakhEBITDA · 8% margin
- ₹6.2 LakhPaid-up capital
- 46Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Wellrx Technologies Private Limited are on its company page.
Detailed financial statements for WellRx Technologies
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of WellRx Technologies
3 dated milestones of WellRx Technologies across 3 years, from founding to its latest funding, stage changes and deals.
- Founded WellRx Technologies is founded.
- Funding First funding round of $307K.
- Milestone Reaches Minicorn status.
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Frequently Asked Questions about WellRx Technologies
WellRx Technologies was founded in 2019 and raised its 1st funding round 3 years after it was founded.
WellRx Technologies is headquartered in Rewari, India. It is registered at Rewari, Haryana, India.
Rahul Gupta is the CEO of WellRx Technologies, as recorded in our data. They have also founded this company.
WellRx Technologies is a funded company, having raised a total of $306.93K across 1 funding round to date. The company's 1st funding round was a Seed of $306.93K, raised on Dec 2022.
WellRx Technologies has 46 employees.
The primary company behind WellRx Technologies, Wellrx Technologies Private Limited, reported revenue of ₹11.61 Cr for FY 2022, up 1802% year on year.
WellRx Technologies was founded in 2019 in Rewari, India, as a provider of oilfield equipment and services. Specialization is maintained in oilfield technology and engineering services, with focus on advanced well construction, well intervention, and production enhancement within the oil and gas industry. Integrated well intervention solutions and proprietary workflows are utilized. Operations have extended to renewable energy sectors, alongside RD efforts in broader energy applications.
WellRx Technologies offers Completion Equipment and Liner Systems.
WellRx Technologies has 1 investor. Key investors include ONGC.
The valuation of WellRx Technologies is $3.63M as of Dec 2022.
WellRx Technologies operates through Wellrx Technologies Private Limited.
The legal entities of WellRx Technologies currently have 3 directors, including Shaily Nimodia, Sudhir, Deepak Diwaker.