About Welspun Global Brands Limited
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Welspun Global Brands Limited is a public limited company based in Welspun, Gujarat, India, a subsidiary of Welspun Living Limited. It operates in the home furnishings manufacturing segment of the consumer goods sector. It was incorporated on 14 December 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U71210GJ2004PLC045144. Its GSTIN is 24AAACW5582G1Z9 (Gujarat). The company holds 24 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹42.5 Cr and a paid-up capital of ₹25.92 Cr. It was formerly known as Welspun Retail Limited and Welspun Hometex Limited. It is led by directors including Dipali Balkrishan Goenka (Managing Director) and Keyur Niranjan Parekh (Whole-Time Director).
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Survey No 675 Anjar, Welspun, Gujarat, India – 370110.
As per the financials filed for FY 2023, the company reported a revenue of ₹6,550.11 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹34.29 Cr (net margin 0.5%) and EBITDA of ₹101.95 Cr (EBITDA margin 1.6%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 6% over five years.
The company has about 2,147 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹820 Cr and satisfied charges of ₹582.83 Cr on record. Court records list 27 cases involving the company, including 16 filed by the company and 11 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website welspunindia.com.
Company details
Name history
Welspun Global Brands has undergone 2 name changes throughout its history. The company was previously known as Welspun Retail Limited, and Welspun Hometex Limited. The current legal name is Welspun Global Brands Limited.
| Company Name | Status |
|---|---|
| Welspun Global Brands Limited | Current |
| Welspun Retail Limited | Previous |
| Welspun Hometex Limited | Previous |
Contact details
Welspun Global Brands Limited's registered office is in Welspun, Gujarat. Its website is welspunindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No 675 Anjar, Welspun, Gujarat, India – 370110
- IndustryConsumer Goods, Home Furnishings Manufacturing
To see the full contact details of Welspun Global Brands Limited, buy the company report.
- 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
Financials of Welspun Global Brands Limited
FY 2025 filings availableWelspun Global Brands Limited reported revenue of ₹6,550.11 Cr (down 14% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 19% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹6,550.11 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹101.95 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹34.29 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.6% | ||||
| Net Profit Margin | 0.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Welspun Global Brands Limited, buy the company report.
Board of directors of Welspun Global Brands Limited
Welspun Global Brands has 4 current directors and 20 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dipali Balkrishan Goenka Also directs: DBG Estates Holdings LLP, Welspun Living Limited, New Delhi Television Limited and 5 more | Managing Director | 07 Dec 2012 | 13 Years 10 Months | Current |
| Ankush Vijay Agrawal | Director | 30 Sep 2022 | 4 Years 0 Months | Current |
| Keyur Niranjan Parekh Also directs: Welspun Living Limited | Whole-Time Director | 25 Oct 2024 | 1 Years 11 Months | Current |
| Murali Sivaraman Also directs: Welspun Living Limited, Huhtamaki India Limited, Pidilite Industries Limited and 2 more | Director | 18 Jan 2024 | 2 Years 9 Months | Current |
Auditor
Welspun Global Brands Limited is audited by SRBC & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRBC & CO. LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Welspun Global Brands 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 Welspun Global Brands Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 07 Dec 2012 | 10395081 | Sbicap Trustee Company Limited | ₹820 Cr | Open | |
| 14 Jun 2022 | 100589497 | Others | ₹100 Cr | Satisfied | |
| 25 Mar 2022 | 100555736 | Others | ₹75 Cr | Satisfied | |
| 11 Dec 2020 | 100400904 | Axis Bank Limited | ₹90 Cr | Satisfied | |
| 18 Jun 2019 | 100277805 | Axis Bank Limited | ₹65 Cr | Satisfied |
To see the full charge records of Welspun Global Brands Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Welspun Global Brands Limited has 27 court cases on record: 16 filed by Welspun Global Brands, 11 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 14 | 7 | 0 |
| District courts | 13 | 4 | 0 |
Cases on record (5 of 27)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ludhiana, Punjab | Execution petition | Filed against the company by M/S Curo India Pvt Ltd | Disposed |
| Bombay High Court | Arbitration matter | Filed against the company by Welspun Corp Limited and 7 Ors | Disposed |
| Bombay High Court | Court case (CARAP) | Filed against the company by Hewlett Packard Enterprise India Private Limited | Disposed |
| Bombay High Court | Court case (MCA) | Filed against the company by Indo Pacific Software and Entertainment Ltd., Through Its Director, Shri Nandkumar Harchandani and | Disposed |
| High Court, PUNJAB | Arbitration matter | Filed against the company by Dynamic Continental Pvt. Ltd. | Disposed |
To see the full case history of Welspun Global Brands 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.
Credit ratings & regulatory alerts
Welspun Global Brands Limited was last rated by Indiarating on 23 Mar 2023.
| Rating agency | Rated on | Rating |
|---|---|---|
| Indiarating | 23 Mar 2023 |
To see the full credit ratings and regulatory alerts of Welspun Global Brands Limited, buy the company report.
MSME payment delays
Welspun Global Brands Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 222 overdue payments to 120 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 120)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Creative Garments Private Limited | |||
| Water Brands | |||
| an individual supplier | |||
| Home Comforts | |||
| Trigon Synergies Private Limited |
To see the full MSME payment records of Welspun Global Brands Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Welspun Global Brands Limited has a workforce of 2,147 employees on its EPFO records as of Apr 09, 2024, across 4 active EPFO establishments.
GST
Welspun Global Brands has 24 GST registrations: 10 active and 14 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACW5582G1Z9 | Gujarat | Active | 01 Jul 2017 |
| 07AAACW5582G1Z5 | Delhi | Active | 01 Jul 2017 |
| 27AAACW5582G1Z3 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACW5582G2Z2 | Maharashtra | Active | 24 Jul 2017 |
To see the full GST registrations and return filing status of Welspun Global Brands Limited, buy the company report.
Recent activity
Welspun Global Brands Limited has 22 board changes on record since 2009: 5 appointments and 17 cessations. The latest: Anil Dayabhai Vora was appointed as CFO on 28 May 2025.
40 earlier events are in the company report.
News
Frequently asked questions
Welspun Global Brands is an active public limited company based in Welspun, Gujarat, India. The company works in home furnishings manufacturing, within the consumer goods industry. It was incorporated on 14 December 2004 (22+ years old) and is registered under CIN U71210GJ2004PLC045144.
Welspun Global Brands has 4 current directors:
- Dipali Balkrishan Goenka - Managing Director
- Keyur Niranjan Parekh - Whole-Time Director
- Ankush Vijay Agrawal - Director
- Murali Sivaraman - Director
The latest financial statements of Welspun Global Brands on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Welspun Global Brands is 24AAACW5582G1Z9, registered in Gujarat. The company has 24 GST registrations in all, of which 10 are active and 14 are cancelled or inactive. Other active GSTINs include 07AAACW5582G1Z5 (Delhi), 27AAACW5582G1Z3 (Maharashtra), 27AAACW5582G2Z2 (Maharashtra).
The CIN (Corporate Identification Number) of Welspun Global Brands is U71210GJ2004PLC045144. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Welspun Global Brands has 27 court cases on record: 16 filed by the company and 11 filed against it. Most are in the high courts.
Welspun Global Brands was incorporated on 14 December 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Anil Dayabhai Vora was appointed as CFO on 28 May 2025. Sandeep Kumar ceased to be CFO on 10 Jan 2025. Altaf A Jiwani ceased to be Whole-Time Director on 25 Oct 2024. Welspun Global Brands has 22 board changes on record in total.
Welspun Global Brands has 14 MSME Form 1 returns on record between 2019 and 2024, listing 222 overdue payments to 120 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Welspun Global Brands can be reached through the website welspunindia.com. Its registered office is in Welspun, Gujarat, India.
The registered office of Welspun Global Brands is at Survey No 675 Anjar, Welspun, Gujarat, India – 370110.