Fortune MNC 500 India 2026 edition
Rank#433- Total income
- ₹482 Cr
- Profit
- ₹6 Cr
Last year #421
Wartsila India Private Limited - machinery and equipment in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹478.4 Cr
▲ 18% YoY
Net profit · FY 2023
₹12.7 Cr
Net margin 2.7%
EBITDA · FY 2023
₹4.9 Cr
EBITDA margin 1%
Authorised capital
₹15 Cr
Registered with MCA
Paid-up capital
₹10.88 Cr
Issued & subscribed
Satisfied charges
₹143.54 Cr
No open charges
Company age
40 yrs
Est. 1986
Employees · EPFO
573
Provident fund records
About Wartsila India Private Limited
Data last updated:
Wartsila India Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the industrial products retail and distribution segment of the machinery and industrial equipment sector. It was incorporated on 25 April 1986 and has been in existence for over 40 years.
Wartsila India is ranked #433 on the Fortune MNC 500 India (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1986PTC062170. Its GSTIN is 27AAACW0345D1ZQ (Maharashtra). The company holds 18 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹10.88 Cr. It was formerly known as Wartsila India Limited. It is led by directors including Ramachandran Venkatesh (Managing Director) and Srinivas Sankaranarayanan (Nodal Officer).
Its last annual general meeting (AGM) was held on 30 June 2025, and its latest financial statements are for the year ended 31 December 2024. The registered office is at Sector 40, Navi Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹478.4 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹12.7 Cr (net margin 2.7%) and EBITDA of ₹4.9 Cr (EBITDA margin 1%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years.
The company has about 573 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹143.54 Cr on record. Court records list 69 cases involving the company, including 36 filed by the company and 33 filed against it; 10 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wartsila.com.
Company details
CIN U99999MH1986PTC062170
Registration Number 062170
Incorporation Date 25 April 1986
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 June 2025
Date of Balance Sheet 31 December 2024
Compliance Status Active Compliant
CIN history
Wartsila India has one previous CIN (Corporate Identification Number): U99999MH1986PLC062170. The current CIN is U99999MH1986PTC062170, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH1986PTC062170 | Current |
| U99999MH1986PLC062170 | Previous |
Key People
Ramachandran Venkatesh Managing Director Srinivas Sankaranarayanan Nodal Officer Frederic Nicolas Michel Carron Director Recognitions & Rankings of Wartsila India
Contact details
Wartsila India Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is wartsila.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address10th Floor Tower 1 Seawoods Grand Central Sector 40 Seawood Railway Station Neru, L Node, Navi Mumbai, Maharashtra, India – 400706
- IndustryMachinery and Equipment, Industrial Products Retail & Distribution
To see the full contact details of Wartsila India Private Limited, buy the company report.
Comprehensive company report
Wartsila 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Financials of Wartsila India Private Limited
FY 2024 filings availableWartsila India Private Limited reported revenue of ₹478.4 Cr (up 18% YoY) for FY 2023.
Revenue · FY 2023
₹478.4 Cr ▲ 18%
Net profit · FY 2023
₹12.7 Cr margin 2.7%
EBITDA · FY 2023
₹4.9 Cr margin 1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▼ 87%
3 years · compounded
▼ 53%
5 years · compounded
▼ 42%
Revenue has grown at a compounded annual rate (CAGR) of 16% over three years, including 18% growth in the latest year. EBITDA fell 87% 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 | |||||
| Other Income | |||||
| Total Revenue | ₹478.4 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹4.9 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹12.7 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1% | ||||
| Net Profit Margin | 2.7% | ||||
| 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 Wartsila India Private Limited, buy the company report.
Board of directors of Wartsila India Private Limited
Wartsila India has 6 current directors and 33 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Srinivas Sankaranarayanan | Nodal Officer | 24 Feb 2021 | 5 Years 8 Months | Current |
| Frederic Nicolas Michel Carron | Director | 19 Jul 2020 | 6 Years 3 Months | Current |
| Antti Petteri Saares | Director | 23 Oct 2020 | 6 Years 0 Months | Current |
| Pranesh Ramakrishnan | Director | 07 Apr 2021 | 5 Years 6 Months | Current |
| Ramachandran Venkatesh Also directs: Finland Chamber of Commerce in India | Managing Director | 05 Apr 2021 | 5 Years 6 Months | Current |
| Bengt Goran Richardsson | Director | 31 May 2023 | 3 Years 4 Months | Current |
Auditor
Wartsila India Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Wartsila 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 Wartsila India Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹143.54 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Dec 2002 | 80043584 | Ge Capital Services Limited | ₹30 Cr | Satisfied | |
| 01 Feb 1993 | 90352159 | Bank of Baroda | ₹110 Cr | Satisfied | |
| 23 Oct 1989 | 90346424 | Bank of Baroda | ₹3.54 Cr | Satisfied |
To see the full charge records of Wartsila India Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Wartsila India Private Limited has 69 court cases on record: 36 filed by Wartsila India, 33 filed against it. 10 cases are pending and 59 are disposed.
Total cases
69
Filed by the company
36
Filed against the company
33
Pending
10
Disposed
59
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 16 | 2 |
| High courts | 32 | 13 | 7 |
| Supreme Court | 4 | 4 | 1 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 69)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Hyderabad | Insolvency matter | Filed by the company against Ind-Barath Thermal Power Ltd | Disposed |
| High Court | Writ petition | Filed against the company by Gayatri Projects Ltd. | Disposed |
| District court, Raigad, Maharashtra | Civil suit | Filed by the company against HMM Infra Ltd. | Disposed |
| High Court of Madhya Pradesh | Writ petition | Filed by the company against Malanpur Captive Power Ltd. THR. Director M.P.A.K.V.N. Industrial Area, Malanpur, and 2 others | Disposed |
| High Court of Delhi | Appeal | Filed against the company by Singal Diwan Properties Pvt Ltd Samagh | Disposed |
To see the full case history of Wartsila 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
Wartsila India Private Limited has 12 MSME Form 1 returns on record between 2019 and 2024, listing 1,589 overdue payments to 199 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 199)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| H.Rajesh and Company | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Wartsila India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Wartsila India has 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Associated companies
Employees & EPFO
Wartsila India Private Limited has a workforce of 573 employees on its EPFO records as of Apr 29, 2024, across 1 active EPFO establishment.
Employee count
573
Active EPFO establishments
1
Employee growth
2.69%
GST
Wartsila India has 18 GST registrations: 11 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
18
Active
11
Cancelled / inactive
7
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW0345D1ZQ | Maharashtra | Active | 01 Jul 2017 |
| 27AAACW0345D2ZP | Maharashtra | Active | 01 Jul 2020 |
| 09AAACW0345D1ZO | Uttar Pradesh | Active | 01 Jul 2017 |
| 18AAACW0345D1ZP | Assam | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Wartsila India Private Limited, buy the company report.
Recent activity
Wartsila India Private Limited has 38 board changes on record since 2007: 6 appointments and 32 cessations. The latest: Bengt Goran Richardsson ceased to be Additional Director on 29 Jun 2023.
AGM
Wartsila India Private Limited last Annual general meeting of members was held on 30 Jun 2025 as per latest MCA records.
Filing
Wartsila India Private Limited has filed its annual Financial statements for the year ended 31 Dec 2024 with Roc Mumbai.
Ceased
Bengt Goran Richardsson ceased to be Additional Director.
Appointed
Bengt Goran Richardsson was appointed as Director.
Ceased
Antti Petteri Saares ceased to be Additional Director.
Ceased
Hendrikus Gerardus Van Boxtel ceased to be Additional Director.
Ceased
Pranesh Ramakrishnan ceased to be Additional Director.
Ceased
Ramachandran Venkatesh ceased to be Additional Director.
Appointed
Pranesh Ramakrishnan was appointed as Director.
Appointed
Ramachandran Venkatesh was appointed as Managing Director.
Ceased
Neeraj Sharma ceased to be Managing Director.
Appointed
Srinivas Sankaranarayanan was appointed as Nodal Officer.
38 earlier events are in the company report.
News
Frequently asked questions
Wartsila India is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in industrial products retail and distribution, within the machinery and equipment industry. It was incorporated on 25 April 1986 (40+ years old) and is registered under CIN U99999MH1986PTC062170.
Wartsila India has 6 current directors:
- Ramachandran Venkatesh - Managing Director
- Frederic Nicolas Michel Carron - Director
- Antti Petteri Saares - Director
- Pranesh Ramakrishnan - Director
- Bengt Goran Richardsson - Director
- Srinivas Sankaranarayanan - Nodal Officer
The latest financial statements of Wartsila India on record with the MCA are for the year ended 31 December 2024. Its last annual general meeting was held on 30 June 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Wartsila India is 27AAACW0345D1ZQ, registered in Maharashtra. The company has 18 GST registrations in all, of which 11 are active and 7 are cancelled or inactive. Other active GSTINs include 27AAACW0345D2ZP (Maharashtra), 09AAACW0345D1ZO (Uttar Pradesh), 18AAACW0345D1ZP (Assam).
The CIN (Corporate Identification Number) of Wartsila India is U99999MH1986PTC062170. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wartsila India has 69 court cases on record: 36 filed by the company and 33 filed against it. 10 are pending. Most are in the district courts.
Wartsila India was incorporated on 25 April 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
Bengt Goran Richardsson ceased to be Additional Director on 29 Jun 2023. Bengt Goran Richardsson was appointed as Director on 31 May 2023. Antti Petteri Saares ceased to be Additional Director on 30 Jun 2021. Wartsila India has 38 board changes on record in total.
Wartsila India has 12 MSME Form 1 returns on record between 2019 and 2024, listing 1,589 overdue payments to 199 micro and small suppliers. The latest return was filed on 26 Apr 2024.
Wartsila India can be reached through the website wartsila.com. Its registered office is in Navi Mumbai, Maharashtra, India.
The registered office of Wartsila India is at 10th Floor Tower 1 Seawoods Grand Central Sector 40 Seawood Railway Station Neru, L Node, Navi Mumbai, Maharashtra, India – 400706.