India's Richest People 2026 edition · 1 director · Source: Hurun India
- #56 Balkrishan Goenka ₹49,300 Cr
Revenue · FY 2024
₹179.22 Cr
Latest filing
Net profit · FY 2024
₹149.2 Cr
Net margin 83.2%
EBITDA · FY 2024
-₹8.42 Cr
EBITDA margin -4.7%
Contribution obligation
₹1.42 Cr
As per LLP agreement
Open charges
₹400 Cr
Satisfied ₹1,122 Cr
LLP age
10 yrs
Est. 2016
Employees · EPFO
5
Provident fund records
Designated partners
2
As per MCA filings
About First Rank LLP
Data last updated:
First Rank LLP is a limited liability partnership (LLP) based in Mumbai, Maharashtra, India. It operates in the medical consumables and supplies segment of the healthcare sector. It was incorporated on 30 March 2016 and has been in existence for over 10 years.
Its director Balkrishan Goenka is #56 among India's richest people (2026).
The LLP is registered with the Registrar of Companies (ROC), Mumbai, under LLPIN AAG-0802. Its GSTIN is 27AATFR8605B1ZZ (Maharashtra).
The LLP has a total obligation of contribution of ₹1.42 Cr. It is led by designated partners Lalchand Tekchand Hotwani and Balkrishan Gopiram Goenka.
Its latest statement of accounts is for the year ended 31 March 2025. The registered office is at 7th Floor Welspun House Kamala Mills Compound Senapati Bapat Marg Lower Parel (West), Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2024, the LLP reported a revenue of ₹179.22 Cr. For the same year it recorded a net profit of ₹149.2 Cr (net margin 83.2%) and EBITDA of -₹8.42 Cr (EBITDA margin -4.7%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 563% over five years.
The LLP has about 5 employees on its provident fund (EPFO) records.
As per MCA filings, the LLP has open charges of ₹400 Cr and satisfied charges of ₹1,122 Cr on record.
For more details, the LLP can be reached via its website welspun.com.
Company details
LLPIN AAG-0802
Incorporation Date 30 March 2016
Total Obligation of Contribution ₹1.42 Cr
ROC Mumbai
Company Status Active
Date of Last AGM 31 March 2025
Date of Balance Sheet 31 March 2025
Key People
Lalchand Tekchand Hotwani Designated Partner Balkrishan Gopiram Goenka Designated Partner Recognitions & Rankings of First Rank
Contact details
First Rank LLP's registered office is in Mumbai, Maharashtra. Its website is welspun.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address7th Floor Welspun House Kamala Mills Compound Senapati Bapat Marg Lower Parel (West), Mumbai, Maharashtra, India – 400013
- IndustryHealthcare, Medical Consumables & Supplies
To see the full contact details of First Rank LLP, buy the company report.
Comprehensive company report
First Rank LLP - 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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Financials of First Rank LLP
FY 2025 filings availableFirst Rank LLP reported revenue of ₹179.22 Cr for FY 2024.
Revenue · FY 2024
₹179.22 Cr
Net profit · FY 2024
₹149.2 Cr margin 83.2%
EBITDA · FY 2024
-₹8.42 Cr margin -4.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
3 years · compounded
▼ 32%
5 years · compounded
▲ 563%
Revenue has grown at a compounded annual rate (CAGR) of 563% 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
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Income and Expenditure | |||||
| Turnover | |||||
| Other Income | |||||
| Total Income | ₹179.22 Cr | ||||
| Purchases and Direct Costs | |||||
| Personnel Expenses | |||||
| Administrative Expenses | |||||
| Interest | |||||
| Depreciation | |||||
| Total Expenses | |||||
| Profit Before Tax | |||||
| Tax | |||||
| Profit After Tax | ₹149.2 Cr | ||||
| Profit Transferred to Partners | |||||
| Assets and Liabilities | |||||
| Partners' Contribution | |||||
| Reserves and Surplus | |||||
| Secured Loans | |||||
| Unsecured Loans | |||||
| Trade Payables | |||||
| Other Liabilities and Provisions | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Loans and Advances | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Statement of Account and Solvency | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| Net Profit Margin | 83.2% | ||||
| Return on Partners' Funds | |||||
| Return on Assets | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Debt to Partners' Funds | |||||
| Interest Coverage | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Turnover Growth | |||||
| Profit Growth | |||||
To see the full financial statements and ratios of First Rank LLP, buy the company report.
Designated partners of First Rank LLP
First Rank has 2 current designated partners and 9 former designated partners. Current designated partners are listed first, with their designation and appointment date.
Current Designated Partners
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalchand Tekchand Hotwani Also directs: Welspun Multiventures LLP, Propgenie Infra Developers LLP, B. K. Goenka Ventures LLP and 5 more | Designated Partner | 10 Jul 2018 | 8 Years 4 Months | Current |
| Balkrishan Gopiram Goenka Also directs: Welspun Multiventures LLP, Propgenie Infra Developers LLP, B. K. Goenka Ventures LLP and 5 more | Designated Partner | 30 Mar 2016 | 10 Years 7 Months | Current |
Charges & borrowings
Open charges
₹400 Cr
Satisfied charges
₹1,122 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jan 2025 | 101039778 | 360 One Prime Limited | ₹100 Cr | Open | |
| 21 Nov 2024 | 101019031 | 360 One Prime Limited | ₹200 Cr | Open | |
| 20 Sep 2022 | 100616914 | Bajaj Finance Limited | ₹100 Cr | Open | |
| 29 Dec 2022 | 100658897 | Catalyst Trusteeship Limited | ₹147 Cr | Satisfied | |
| 22 Feb 2017 | 100099455 | Indiabulls Housing Finance Limited | ₹750 Cr | Satisfied |
To see the full charge records of First Rank LLP, buy the company report.
Total charge records: 7 View all charges
Legal cases
No court or tribunal cases involving First Rank LLP are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for First Rank LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
First Rank LLP has a workforce of 5 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
5
Active EPFO establishments
1
Employee growth
150%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 5 |
| FY 2025-26 | |
| FY 2024-25 |
To see the full employee and EPFO history of First Rank LLP, buy the company report.
GST
First Rank has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AATFR8605B1ZZ | Maharashtra | Active | 28 Jun 2021 |
To see the full GST registrations and return filing status of First Rank LLP, buy the company report.
Recent activity
First Rank LLP has 12 designated partner changes on record since 2016: 9 appointments and 3 cessations. The latest: Gajendra Kumar Nahar ceased to be Designated Partner on 10 Jul 2018.
AGM
First Rank Llp last Annual general meeting of members was held on 31 Mar 2025 as per latest MCA records.
Filing
First Rank Llp has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Bajaj Finance Limited of Rs. 100.00 Cr registered on 20 Sep 2022 with Charge ID 100616914 was modified on 28 Jan 2025.
Charges
A charge with 360 One Prime Limited of Rs. 200.00 Cr registered on 21 Nov 2024 with Charge ID 101019031 was modified on 21 Jan 2025.
Charges
A charge with 360 One Prime Limited amounted to Rs. 100.00 Cr with Charge ID 101039778 was registered on 20 Jan 2025.
Charges
A charge with 360 One Prime Limited amounted to Rs. 200.00 Cr with Charge ID 101019031 was registered on 21 Nov 2024.
Charges
A charge registered on 29 Dec 2022 via Charge ID 100658897 with Catalyst Trusteeship Limited was fully satisfied on 02 May 2023.
Charges
A charge with Catalyst Trusteeship Limited of Rs. 147.00 Cr registered on 29 Dec 2022 with Charge ID 100658897 was modified on 09 Mar 2023.
Charges
A charge with Catalyst Trusteeship Limited amounted to Rs. 147.00 Cr with Charge ID 100658897 was registered on 29 Dec 2022.
Charges
A charge with Bajaj Finance Limited amounted to Rs. 100.00 Cr with Charge ID 100616914 was registered on 20 Sep 2022.
Charges
A charge registered on 22 Feb 2017 via Charge ID 100099455 with Indiabulls Housing Finance Limited was fully satisfied on 26 Nov 2018.
Ceased
Gajendra Kumar Nahar ceased to be Designated Partner.
17 earlier events are in the company report.
Frequently asked questions
First Rank is an active limited liability partnership based in Mumbai, Maharashtra, India. The LLP works in medical consumables and supplies, within the healthcare industry. It was incorporated on 30 March 2016 (10+ years old) and is registered under LLPIN AAG-0802.
First Rank has 2 current designated partners:
- Lalchand Tekchand Hotwani - Designated Partner
- Balkrishan Gopiram Goenka - Designated Partner
The latest financial statements of First Rank on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 31 March 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of First Rank is 27AATFR8605B1ZZ, registered in Maharashtra.
The LLPIN (Limited Liability Partnership Identification Number) of First Rank is AAG-0802. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
First Rank was incorporated on 30 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
Gajendra Kumar Nahar ceased to be Designated Partner on 10 Jul 2018. Lalchand Tekchand Hotwani was appointed as Designated Partner on 10 Jul 2018. Rajesh Rameshkumar Mandawewala ceased to be Partner on 10 Jul 2018. First Rank has 12 designated partner changes on record in total.
First Rank can be reached through the website welspun.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of First Rank is at 7th Floor Welspun House Kamala Mills Compound Senapati Bapat Marg Lower Parel West, Mumbai, Maharashtra, India – 400013.
First Rank operates in the healthcare industry, in the medical consumables and supplies segment.
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