About Welkin IT Services Private Limited
Data last updated:
Welkin IT Services Private Limited is a private limited company based in Pune, Maharashtra, 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 IT consulting and support services segment of the technology and IT services sector. It was incorporated on 18 February 2014.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72900PN2014PTC150675. Its GSTIN is 27AABCW4948B1ZC (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Abhijeet Khot (Managing Director) and Rajendra Kishanrao Joshi (Irp/Rp/Liquidator).
Its last annual general meeting (AGM) was held on 30 December 2020, and its latest financial statements are for the year ended 31 March 2019. The registered office is at Office No. 20 Plot No. 36/37 Sr No.101/1/1 Nr.B.U.Bhandari Mercedes Showroom Baner, Pune, Maharashtra, India – 411045.
As per the financials filed for FY 2019, the company reported a revenue of ₹3.36 Cr, a growth of 9% compared to the previous year. For the same year it recorded a net loss of ₹1.39 Cr (net margin -41.3%) and EBITDA of -₹87.53 Lakh (EBITDA margin -26.1%). Revenue has grown at a compounded annual rate (CAGR) of 6% over three years.
The company has about 48 employees on its provident fund (EPFO) records.
Court records list 10 cases involving the company, including 2 filed by the company and 8 filed against it; 3 cases are pending.
The last known website on record is welserv.com.
Company details
Contact details
Welkin IT Services Private Limited's registered office is in Pune, Maharashtra. Its website is welserv.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered AddressOffice No. 20 Plot No. 36/37 Sr No.101/1/1 Nr.B.U.Bhandari Mercedes Showroom Baner, Pune, Maharashtra, India – 411045
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Welkin IT Services Private 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
Business activity
The main business activity of Welkin IT Services is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. |
To see the full business activity and turnover split of Welkin IT Services Private Limited, buy the company report.
Financials of Welkin IT Services Private Limited
FY 2019 filings availableWelkin IT Services Private Limited reported revenue of ₹3.36 Cr (up 9% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 6% over three years, including 9% growth in the latest year. EBITDA fell 335% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹3.36 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | -₹87.53 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.39 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 | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -26.1% | ||||
| Net Profit Margin | -41.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Welkin IT Services Private Limited, buy the company report.
Board of directors of Welkin IT Services Private Limited
Welkin IT Services has 4 current directors and 10 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhijeet Khot Also directs: Wardwiz Sales and Marketing LLP, Wardwiz Marketplace Private Limited, Acutok Sales and Marketing Private Limited and 2 more | Managing Director | 25 Feb 2015 | 11 Years 8 Months | As last reported |
| Rajendra Kishanrao Joshi Also directs: DSP Professionals Private Limited | Irp/Rp/Liquidator | 19 Nov 2024 | 1 Years 11 Months | As last reported |
| Dipesh Jitendra Thacker | Director | 19 May 2017 | 9 Years 5 Months | As last reported |
| Amol Bhaskar Jadhav | Director | 23 Jun 2017 | 9 Years 4 Months | As last reported |
Peer comparison
Welkin IT Services Private Limited is compared with the 3 companies closest to it by revenue in the Information Technology industry (IT Consulting and Services), with the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Digital Avenues Limited | ₹3.37 Cr (FY 2025) | 14.0% | Kolkata, West Bengal, India | |||
| Welkin IT Services Private Limitedthis company | ₹3.36 Cr (FY 2019) | -₹1.39 Cr | -41.3% | 9.0% | 48 | Pune, Maharashtra, India |
| Vexma Technologies Private Limited | ₹3.36 Cr (FY 2025) | 16.0% | Vadodara, Gujarat, India | |||
| Techsopi Global Private Limited | ₹3.35 Cr (FY 2023) | 289.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Welkin IT Services Private Limited, buy the company report.
Auditor
Welkin IT Services Private Limited is audited by B T N & COMPANY for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B T N & COMPANY | FY 2019 | 131953W |
Shareholding
The shareholding of Welkin IT Services Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Welkin IT Services Private Limited, buy the company report.
Legal cases
Welkin IT Services Private Limited has 10 court cases on record: 2 filed by Welkin IT Services, 8 filed against it. 3 cases are pending and 7 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 3 | 0 |
| District courts | 4 | 4 | 3 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Appeal | Filed against the company by Ip Software India Pvt Ltd M/S.V Legal Empire, Vijay Metha,A.K.Pavithra | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Quess Corp Limited | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by M/S.Ip Softcom India Private Limited | Disposed |
| High Court, TAMIL NADU | Arbitration matter | Filed by the company against M/S.Ip Softcom India Pvt. Ltd., Represented by Its Director A.Ravichandran, | Disposed |
| High Court, TAMIL NADU | Appeal | Filed by the company against M/S.Ip Softcom India Pvt. Ltd., Represented by Its Director A.Ravichandran, | Disposed |
To see the full case history of Welkin IT Services 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 Welkin IT Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Welkin IT Services Private Limited has a workforce of 48 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Welkin IT Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCW4948B1ZC | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Welkin IT Services Private Limited, buy the company report.
Recent activity
Welkin IT Services Private Limited has 14 board changes on record since 2015: 4 appointments and 10 cessations. The latest: Rajendra Kishanrao Joshi was appointed as Irp/Rp/Liquidator on 19 Nov 2024.
5 earlier events are in the company report.
Frequently asked questions
Welkin IT Services 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.
Welkin IT Services is a company under liquidation, formerly operating as a private limited company based in Pune, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 18 February 2014 and is registered under CIN U72900PN2014PTC150675. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Welkin IT Services has 4 current directors:
- Abhijeet Khot - Managing Director
- Dipesh Jitendra Thacker - Director
- Amol Bhaskar Jadhav - Director
- Rajendra Kishanrao Joshi - Irp/Rp/Liquidator
The latest financial statements of Welkin IT Services on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 30 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Welkin IT Services is U72900PN2014PTC150675. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Welkin IT Services has 10 court cases on record: 2 filed by the company and 8 filed against it. 3 are pending. Most are in the high courts.
Welkin IT Services was incorporated on 18 February 2014. It is registered with the Registrar of Companies, Pune.
The peers of Welkin IT Services by revenue are Digital Avenues Limited, Vexma Technologies Private Limited, Techsopi Global Private Limited, all in the Information Technology industry (IT Consulting and Services), with the same principal business activity (publishing of computer operating systems, system software, application software, games, etc.).
Rajendra Kishanrao Joshi was appointed as Irp/Rp/Liquidator on 19 Nov 2024. Dipesh Jitendra Thacker ceased to be Director on 03 Jul 2019. Amol Bhaskar Jadhav ceased to be Additional Director on 30 Sep 2017. Welkin IT Services has 14 board changes on record in total.
Welkin IT Services can be reached through the website welserv.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Welkin IT Services is at Office No. 20 Plot No. 3637 Sr No.10111 Nr.B.U.Bhandari Mercedes Showroom Baner, Pune, Maharashtra, India – 411045.