Wartsila India Private Limited - Company Profile

It is a machinery and equipment private limited company based in Navi Mumbai, Maharashtra, India, established in 1986.

1986 Navi Mumbai, Maharashtra, India Active

Last Updated: December 23, 2025

About Wartsila India Private Limited

Wartsila India Private Limited, a active private limited company, was established on 25 April 1986 in Navi Mumbai, Maharashtra, India. Engaging in industrial products retail & distribution within the electricity, gas, steam and air condition supply sector, it holds CIN: U99999MH1986PTC062170. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹15.00 Cr and a paid-up capital of ₹10.88 Cr.

Formerly known as Wartsila India Limited. It upholds a compliant status. Employing 573 professional, Its leadership includes Frederic Nicolas Michel Carron (Director), Antti Petteri Saares (Director), Pranesh Ramakrishnan (Director). Past directors included Hans Peter Hansten, Jaakko Eskola, Christoph Carl Eric Vitzthum. It holds no open charges and ₹143.54 Cr settled loans. Its latest AGM occurred on 30 June 2025, with the balance sheet filed on 31 December 2024. It is based at 10Th Floor, Tower 1, Seawoods Grand Central, Sector 40, Seawood Railway Station, Neru, L Node,, Navi Mumbai, Maharashtra, 400706.

Company Details

CIN/LLPIN
U99999MH1986PTC062170
Registration Number
062170
Incorporation Date
25 April 1986
Authorized Capital
₹15.00 Cr
Paid-Up Capital
₹10.88 Cr
ROC Code
Roc Mumbai
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 15.00 Cr as on 23-12-2025
Paid Up Capital ₹ 10.88 Cr as on 23-12-2025
Company Age 39 Year, 9 Months
Last Filing with ROC 31 Dec 2024
Satisfied Charges ₹ 143.54 Cr as on 23-12-2025
Revenue Growth **** 18.15% (FY 2023)
Profit Growth **** -40.93% (FY 2023)
Ebitda **** -86.54% (FY 2023)
Net Worth -5.81% (FY 2023)
Total Assets **** 1.65% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Wartsila India Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Wartsila India Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Frederic Nicolas Michel Carron	Director	19 Jul 2020	Current
Antti Petteri Saares	Director	23 Oct 2020	Current
Pranesh Ramakrishnan	Director	07 Apr 2021	Current
Ramachandran Venkatesh	Managing Director	05 Apr 2021	Current
Bengt Goran Richardsson	Director	31 May 2023	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Director	28 Feb 2018	Past
Pramod Abcsdd	Director Appointed In Casual Vacancy	08 Apr 2009	Past
Pramod Abcsdd	Director	23 Sep 2013	Past
Pramod Abcsdd	Director	29 Jun 2010	Past
Pramod Abcsdd	Director	22 Mar 2013	Past
Pramod Abcsdd	Managing Director	01 Apr 2021	Past

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Financial Performance of Wartsila India.

Wartsila India Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 18.15% increase. The company also saw a substantial fall in profitability, with a 40.93% decrease in profit. The company's net worth dipped by a decrease of 5.81%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

18.15%

*******

Revenue from Operations

*******

14.65%

*******

Total Assets

*******

1.65%

*******

Profit or Loss

*******

-40.93%

*******

Net Worth

*******

-5.81%

*******

EBITDA

*******

-86.54%

*******

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What is the Ownership and Shareholding Structure of Wartsila India?

In 2023, Wartsila India had a promoter holding of 100.00%. The company had 2 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹1,435,400,000.00

Charges Breakdown by Lending Institutions

Bank Of Baroda : 113.54 Cr
Ge Capital Services Limited : 30.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
03 Dec 2002	Ge Capital Services Limited	₹30.00 Cr	Satisfied
01 Feb 1993	Bank Of Baroda	₹110.00 Cr	Satisfied
23 Oct 1989	Bank Of Baroda	₹3.54 Cr	Satisfied

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How Many Employees Work at Wartsila India?

Wartsila India has a workforce of 573 employees as of Apr 29, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Wartsila India, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Wartsila India's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Wartsila India

Recent Activity within the Organization

Annual General Meeting

The activity Wartsila India Private Limited last Annual general meeting of members was held on 30 Jun 2025 as per latest MCA records. was completed.
30 Jun 2025
Balance Sheet

The activity Wartsila India Private Limited has filed its annual Financial statements for the year ended 31 Dec 2024 with Roc Mumbai. was completed.
31 Dec 2024
Director Appointment

Bengt Goran Richardsson was appointed as a Director was appointed as a Director on 31 May 2023 & has been associated with this company since 2 years 8 months . was recorded as a recent event.
31 May 2023
Director Appointment

Pranesh Ramakrishnan was appointed as a Director was appointed as a Director on 07 Apr 2021 & has been associated with this company since 4 years 10 months . was recorded as a recent event.
07 Apr 2021
Director Appointment

The activity Ramachandran Venkatesh was appointed as a Managing Director was appointed as a Managing Director on 05 Apr 2021 & has been associated with this company since 4 years 10 months . was completed.
05 Apr 2021
Director Appointment

Progress on Antti Petteri Saares was appointed as a Director was appointed as a Director on 23 Oct 2020 & has been associated with this company since 5 years 3 months . was documented.
23 Oct 2020

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