MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-19-0000939
Fowler Westrup (India) Private Limited - agriculture in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹237.35 Cr
▼ 11% YoY
Net profit · FY 2025
₹28.14 Cr
Net margin 11.9%
EBITDA · FY 2025
₹46.86 Cr
EBITDA margin 19.7%
Authorised capital
₹9 Cr
Registered with MCA
Paid-up capital
₹7.45 Cr
Issued & subscribed
Open charges
₹261.99 Cr
Satisfied ₹160.47 Cr
Company age
26 yrs
Est. 2000
Employees · EPFO
298
Provident fund records
About Fowler Westrup (India) Private Limited
Data last updated:
Fowler Westrup (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Mahyco Private Limited. It operates in the agri machinery and equipment segment of the agriculture sector. It was incorporated on 27 January 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2000PTC123855. Its GSTIN is 29AAACF5164H1ZK (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹7.45 Cr. It is led by directors including Shardul Shivaji Kshirsagar (Managing Director) and Aashish Rajendra Barwale.
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Flat No 19 4th Floor Raj Mahal 84 Veer Nariman Road, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2025, the company reported a revenue of ₹237.35 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹28.14 Cr (net margin 11.9%) and EBITDA of ₹46.86 Cr (EBITDA margin 19.7%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 17% over five years.
The company has about 298 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Fowler Westrup. As per MCA filings, the company has open charges of ₹261.99 Cr and satisfied charges of ₹160.47 Cr on record. Court records list 57 cases involving the company, including 50 filed by the company and 7 filed against it; 20 cases are pending. The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹7.1 Cr; the latest was in June 2017.
Fowler Westrup (India) Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-19-0000939). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fowlerwestrup.com.
Company details
CIN U74999MH2000PTC123855
Registration Number 123855
Incorporation Date 27 January 2000
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 17 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Mahyco Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-19-0000939
Key People
Shardul Shivaji Kshirsagar Managing Director Aashish Rajendra Barwale Director Rajendra Badrinarayan Barwale Director Recognitions & Rankings of Fowler Westrup (India)
Contact details
Fowler Westrup (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is fowlerwestrup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No 19 4th Floor Raj Mahal 84 Veer Nariman Road, Mumbai, Maharashtra, India – 400020
- IndustryAgriculture, Agri Machinery & Equipment
To see the full contact details of Fowler Westrup (India) Private Limited, buy the company report.
Comprehensive company report
Fowler Westrup (India) Private 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
Fowler Westrup (India) operates one associated brand: Fowler Westrup. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Post-harvest machinery and industrial equipment for food processing are manufactured. | fowlerwestrup.com |
Business activity
The main business activity of Fowler Westrup (India) is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Fowler Westrup (India) Private Limited, buy the company report.
Financials of Fowler Westrup (India) Private Limited
FY 2025 filings availableFowler Westrup (India) Private Limited reported revenue of ₹237.35 Cr (down 11% YoY) for FY 2025.
Revenue · FY 2025
₹237.35 Cr ▼ 11%
Net profit · FY 2025
₹28.14 Cr margin 11.9%
EBITDA · FY 2025
₹46.86 Cr margin 19.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 11%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 18%
5 years · compounded
▲ 35%
Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA rose 8% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹46.86 Cr | ||||
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| Net Profit (PAT) | ₹28.14 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 19.7% | ||||
| Net Profit Margin | 11.9% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Fowler Westrup (India) Private Limited, buy the company report.
Board of directors of Fowler Westrup (India) Private Limited
Fowler Westrup (India) has 7 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shardul Shivaji Kshirsagar Also directs: General Aeronautics Private Limited | Managing Director | 03 May 2018 | 8 Years 5 Months | Current |
| Aashish Rajendra Barwale | Director | 26 Nov 2018 | 7 Years 10 Months | Current |
| Rajendra Badrinarayan Barwale | Director | 05 Feb 2001 | 25 Years 8 Months | Current |
| Arun Kannan Thiagarajan | Director | 19 Dec 2007 | 18 Years 10 Months | Current |
| Ramkrishan Jalan | Director | 15 Jul 2013 | 13 Years 3 Months | Current |
| Vijayakumar Kilar Balakrishna | Director | 01 Sep 2003 | 23 Years 1 Months | Current |
Showing 6 of 7 current directors. View all directors
Auditor
Fowler Westrup (India) Private Limited is audited by Ford Rhodes Parks & Co. LLP for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ford Rhodes Parks & Co. LLP | FY 2022 | 102860W/W100089 |
Shareholding
The shareholding of Fowler Westrup (India) Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Fowler Westrup (India) Private Limited, buy the company report.
Charges & borrowings
Open charges
₹261.99 Cr
Satisfied charges
₹160.47 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Dec 2023 | 100834508 | Citi Bank N.A. | ₹30 Cr | Open | |
| 24 Oct 2019 | 100313877 | Others | ₹38.99 Cr | Open | |
| 18 Mar 2016 | 100017066 | Hdfc Bank Limited | ₹96.5 Cr | Open | |
| 04 Mar 2016 | 100019124 | Hdfc Bank Limited | ₹96.5 Cr | Open | |
| 18 Mar 2016 | 100035174 | Yes Bank Limited | ₹20 Cr | Satisfied |
To see the full charge records of Fowler Westrup (India) Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Fowler Westrup (India) Private Limited has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹7.1 Cr; the latest was in June 2017.
Total deals
6
Secondary share transfers
4
Funding rounds
2
Disclosed funding
₹7.1 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: Mayhco Private Limited Seller: an individual |
| Jul 2016 | Secondary share transfer | Undisclosed | Buyer: Mayhco Private Limited Seller: an individual |
| Dec 2015 | Secondary share transfer | Undisclosed | Buyer: Mayhco Private Limited Seller: John Fowler (India) Private Limited |
| Dec 2008 | Funding round | ₹7 Cr | Investors: John Fowler (India) Private Limited |
| May 2008 | Funding round | ₹10.1 Lakh | Investors: John Fowler (India) Private Limited |
To see the full deal history of Fowler Westrup (India) Private 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
Fowler Westrup (India) Private Limited has 57 court cases on record: 50 filed by Fowler Westrup (India), 7 filed against it. 20 cases are pending and 37 are disposed.
Total cases
57
Filed by the company
50
Filed against the company
7
Pending
20
Disposed
37
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 49 | 4 | 17 |
| High courts | 7 | 3 | 3 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (5 of 57)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Civil suit | Filed by the company against Icici Bank Ltd and 1 other | Pending |
| District court, Indore, Madhya Pradesh | Court case (RCS B) | Filed against the company by Commander Industries Private Limited Through Dwarkadas Kushwaha | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against M/S Chamelidevi Flour Mills Pvt Ltd | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against M/S Commander Industries Pvt Ltd | Pending |
| District court, KOLAR, Karnataka | Execution petition | Filed by the company against M/S Usher Agro Limited | Pending |
To see the full case history of Fowler Westrup (India) Private 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 Fowler Westrup (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Fowler Westrup (India) Private Limited has a workforce of 298 employees on its EPFO records as of Jul 29, 2024, across 1 active EPFO establishment.
Employee count
298
Active EPFO establishments
1
Employee growth
18.73%
GST
Fowler Westrup (India) has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACF5164H1ZK | Karnataka | Active | 01 Jul 2017 |
| 33AAACF5164H1ZV | Tamil Nadu | Active | 21 Jun 2023 |
To see the full GST registrations and return filing status of Fowler Westrup (India) Private Limited, buy the company report.
Recent activity
Fowler Westrup (India) Private Limited has 21 board changes on record since 2001: 7 appointments and 14 cessations. The latest: Ajay Arun Vaidya was appointed as Additional Director on 15 Dec 2025.
Appointed
Ajay Arun Vaidya was appointed as Additional Director.
AGM
Fowler Westrup (India) Private Limited last Annual general meeting of members was held on 17 Sep 2025 as per latest MCA records.
Filing
Fowler Westrup (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Charges
A charge with Citi Bank N.A. of Rs. 30.00 Cr registered on 14 Dec 2023 with Charge ID 100834508 was modified on 13 Jan 2025.
Charges
A charge with Others of Rs. 38.99 Cr registered on 24 Oct 2019 with Charge ID 100313877 was modified on 05 Feb 2024.
Charges
A charge with Citi Bank N.A. amounted to Rs. 30.00 Cr with Charge ID 100834508 was registered on 14 Dec 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 96.50 Cr registered on 04 Mar 2016 with Charge ID 100019124 was modified on 14 Dec 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 96.50 Cr registered on 18 Mar 2016 with Charge ID 100017066 was modified on 04 Nov 2023.
Charges
A charge registered on 04 Mar 2016 via Charge ID 10628286 with Hdfc Bank Limited was fully satisfied on 01 Mar 2021.
Charges
A charge registered on 18 Mar 2016 via Charge ID 100035174 with Yes Bank Limited was fully satisfied on 08 Jun 2020.
Charges
A charge registered on 09 Feb 2008 via Charge ID 10100833 with Yes Bank Limited was fully satisfied on 22 Apr 2020.
Charges
A charge registered on 24 Nov 2007 via Charge ID 10110517 with Yes Bank Limited was fully satisfied on 22 Apr 2020.
38 earlier events are in the company report.
Frequently asked questions
Fowler Westrup (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in agri machinery and equipment, within the agriculture industry. It was incorporated on 27 January 2000 (26+ years old) and is registered under CIN U74999MH2000PTC123855.
Fowler Westrup (India) has 7 current directors:
- Shardul Shivaji Kshirsagar - Managing Director
- Aashish Rajendra Barwale - Director
- Rajendra Badrinarayan Barwale - Director
- Arun Kannan Thiagarajan - Director
- Ramkrishan Jalan - Director
- Vijayakumar Kilar Balakrishna - Director
- Ajay Arun Vaidya - Additional Director
The latest financial statements of Fowler Westrup (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 17 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Fowler Westrup (India) is 29AAACF5164H1ZK, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAACF5164H1ZV (Tamil Nadu).
The CIN (Corporate Identification Number) of Fowler Westrup (India) is U74999MH2000PTC123855. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fowler Westrup (India) has 57 court cases on record: 50 filed by the company and 7 filed against it. 20 are pending. Most are in the district courts.
Fowler Westrup (India) was incorporated on 27 January 2000, making it 26+ years old. It is registered with the Registrar of Companies, Mumbai.
Fowler Westrup (India) has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹7.1 Cr; the latest was in June 2017.
Ajay Arun Vaidya was appointed as Additional Director on 15 Dec 2025. Anders Foverskov Thorsted ceased to be Director on 21 Feb 2020. Aashish Rajendra Barwale ceased to be Additional Director on 05 Jul 2019. Fowler Westrup (India) has 21 board changes on record in total.
Yes, Fowler Westrup (India) is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-19-0000939).