About Western India Shipyard Limited
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Western India Shipyard Limited is a public limited company based in Goa, India. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the shipping and maritime services segment of the transport and logistics sector. It was incorporated on 01 May 1992.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U35111GA1992PLC002464. Its GSTIN is 30AAACW0117B2ZC (Goa). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹58.93 Cr. It is led by directors including Rajani Poddar and Ashok Kumar Agarwal.
Its last annual general meeting (AGM) was held on 24 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office is at P B No 21 Mormugao Harbour Mormugao, Goa, India – 403803.
As per the financials filed for FY 2014, the company reported a revenue of ₹45.19 Cr, a decline of 42% compared to the previous year.
The company is associated with 1 brand: Western India Shipyard. As per MCA filings, the company has open charges of ₹183.71 Cr and satisfied charges of ₹207.32 Cr on record. Court records list 93 cases involving the company, including 22 filed by the company and 71 filed against it; 2 cases are pending.
The last known website on record is wisl.co.in.
Company details
CIN history
Western India Shipyard has one previous CIN (Corporate Identification Number): L35111GA1992PLC002464. The current CIN is U35111GA1992PLC002464, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U35111GA1992PLC002464 | Current |
| L35111GA1992PLC002464 | Previous |
Contact details
Western India Shipyard Limited's registered office is in Goa.
- Social Media
- Registered AddressP B No 21 Mormugao Harbour Mormugao, Goa, India – 403803
- IndustryTransport and Logistics, Shipping & Maritime Services
- 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
Brands
Western India Shipyard operates one associated brand: Western India Shipyard. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Composit ship repairer company | wisl.co.in |
Financials of Western India Shipyard Limited
FY 2015 filings availableWestern India Shipyard Limited reported revenue of ₹45.19 Cr (down 42% YoY) for FY 2014.
Compounded Annual Growth Rate (CAGR)
Revenue fell 42% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
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Financial Ratios
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To see the full financial statements and ratios of Western India Shipyard Limited, buy the company report.
Board of directors and KMP of Western India Shipyard Limited
Western India Shipyard Limited currently reports 5 directors and 1 key managerial person. 18 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muthuswamy Santhanam Also directs: Abg Motors Limited, Aries Management Services Private Limited, Tirupati Landmark Private Limited and 1 more | Cfo | 25 May 2012 | 14 Years 5 Months | As last reported |
| Rajani Poddar | Director | 30 Jun 2015 | 11 Years 3 Months | As last reported |
| Ashok Kumar Agarwal | Director | 24 May 2013 | 13 Years 5 Months | As last reported |
| Ashwani Kumar | Director | 29 May 2010 | 16 Years 4 Months | As last reported |
| Ravi Vimal Nevatia Also directs: Sanjana Cryogenic Storages Limited | Director | 30 Jun 2015 | 11 Years 3 Months | As last reported |
| Om Prakash Kanoongo Also directs: Vanadurga Holdings Private Limited | Irp/Rp/Liquidator | 13 Sep 2023 | 3 Years 1 Months | As last reported |
Peer comparison
Western India Shipyard Limited is compared with the 10 companies closest to it by revenue in the Shipping industry (Shipbuilding and Repairs), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Laxmipati Engineering Works Limited | ₹50.14 Cr (FY 2025) | 24.0% | Surat, Gujarat, India | |||
| R L Kalthia Ship Breaking Private Limited | ₹49.7 Cr (FY 2025) | -59.0% | Bhavnagar, Gujarat, India | |||
| Yeoman Marine Pvt Ltd | ₹49.38 Cr (FY 2025) | 38.0% | Navi Mumbai, Maharashtra, India | |||
| Sai Infinium Private Limited | ₹49.17 Cr (FY 2023) | -37.0% | Bhavnagar, Gujarat, India | |||
| Krasny Defence Technologies Limited | ₹47.07 Cr (FY 2024) | 2.0% | Navi Mumbai, Maharashtra, India | |||
| Western India Shipyard Limitedthis company | ₹45.19 Cr (FY 2014) | -42.0% | Goa, India | |||
| Serene Green Shipping Private Limited | ₹45.06 Cr (FY 2025) | -7.0% | Ernakulam, Kerala, India | |||
| Asb Systems Private Limited | ₹41.04 Cr (FY 2025) | 151.0% | Mumbai, Maharashtra, India | |||
| Rai Metal Works Private Limited | ₹40.46 Cr (FY 2025) | -13.0% | Mumbai, Maharashtra, India | |||
| Dynamic Ship Recyclers Private Limited | ₹40.45 Cr (FY 2024) | 2347.0% | Bhavnagar, Gujarat, India | |||
| Marinelines Ship Breakers Private Limited | ₹40.3 Cr (FY 2025) | 12.0% | Bhavnagar, Gujarat, India |
To see the full peer comparison of Western India Shipyard Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Nov 2015 | 10606006 | Icici Bank | ₹15 Cr | Open | |
| 31 Oct 2013 | 10459194 | Icici Bank Ltd. | ₹15 Cr | Open | |
| 03 Aug 2011 | 10330784 | Oriental Bank of Commerce | ₹10 Lakh | Open | |
| 28 Jun 2011 | 10297337 | Others | ₹33.6 Cr | Open | |
| 29 Jun 2010 | 10226454 | Icici Bank Limited | ₹35.51 Cr | Open |
To see the full charge records of Western India Shipyard Limited, buy the company report.
Total charge records: 31 View all charges
Legal cases
Western India Shipyard Limited has 93 court cases on record: 22 filed by Western India Shipyard, 71 filed against it. 2 cases are pending and 91 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 83 | 68 | 1 |
| High courts | 6 | 1 | 0 |
| Supreme Court | 4 | 2 | 1 |
Cases on record (5 of 93)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Court case (SPCS) | Filed against the company by Icici Bank Ltd and 1 other | Disposed |
| District court, Vadodara, Gujarat | Commercial matter | Filed against the company by Icici Bank Limited and 1 other | Disposed |
| District court, South Goa, Goa | Original application | Filed against the company by Tata Capital Financial Services Limited Through | Disposed |
| District court, Central, Delhi | Civil suit | Filed against the company by Ms Technical Drying Services Asia P. Ltd. | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Kirloskar Oil Engines Limited Through Mr. Amit Kumar Randhir Chandra Das | Disposed |
To see the full case history of Western India Shipyard 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 Western India Shipyard Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Western India Shipyard has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AAACW0117B2ZC | Goa | Active | 20 Nov 2018 |
To see the full GST registrations and return filing status of Western India Shipyard Limited, buy the company report.
Recent activity
Western India Shipyard Limited has 24 board changes on record since 2007: 6 appointments and 18 cessations. The latest: Om Prakash Kanoongo was appointed as Irp/Rp/Liquidator on 13 Sep 2023.
70 earlier events are in the company report.
Frequently asked questions
Western India Shipyard is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Western India Shipyard is a company under liquidation, formerly operating as a public limited company based in Goa, India. The company works in shipping and maritime services, within the transport and logistics industry. It was incorporated on 01 May 1992 and is registered under CIN U35111GA1992PLC002464. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Western India Shipyard has 6 current directors and KMP:
- Rajani Poddar - Director
- Ashok Kumar Agarwal - Director
- Ashwani Kumar - Director
- Ravi Vimal Nevatia - Director
- Muthuswamy Santhanam - Cfo
- Om Prakash Kanoongo - Irp/Rp/Liquidator
The latest financial statements of Western India Shipyard on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 24 September 2015. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Western India Shipyard is U35111GA1992PLC002464. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Western India Shipyard has open charges of ₹183.71 Cr and satisfied charges of ₹207.32 Cr as per latest MCA filings.
Western India Shipyard has 93 court cases on record: 22 filed by the company and 71 filed against it. 2 are pending. Most are in the district courts.
Western India Shipyard was incorporated on 01 May 1992. It is registered with the Registrar of Companies, Goa.
The peers of Western India Shipyard by revenue are Laxmipati Engineering Works Limited, R L Kalthia Ship Breaking Private Limited, Yeoman Marine Pvt Ltd, Sai Infinium Private Limited, Krasny Defence Technologies Limited and 5 more, all in the Shipping industry (Shipbuilding and Repairs).
Om Prakash Kanoongo was appointed as Irp/Rp/Liquidator on 13 Sep 2023. Ashwani Kumar ceased to be Director on 28 Sep 2017. Rajani Poddar ceased to be Director on 22 Jun 2017. Western India Shipyard has 24 board changes on record in total.
Western India Shipyard can be reached through the website wisl.co.in. Its registered office is in Goa, India.