Weace Private Limited
About Weace Private Limited
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Weace Private Limited is a private limited company based in Kottaram, Tamil Nadu, India, recognised as a startup by DPIIT. It operates in the cold storage and warehousing services segment of the transport and logistics sector. It was incorporated on 03 June 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U72200TN2020PTC135551.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Rajakumar Ramya and Ponsasi Kumar Krishnaswamy.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at C/O K. Ponsasikumar 1/1 – 4 Vellaiyan Thoppu Edayanvilai Santhaiyadi Post, Kottaram, Tamil Nadu, India – 629703.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.97 Cr, a growth of 56% compared to the previous year. For the same year it recorded a net profit of ₹20.36 Lakh (net margin 5.1%) and EBITDA of ₹29.16 Lakh (EBITDA margin 7.3%).
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- Registered AddressC/O K. Ponsasikumar 1/1 – 4 Vellaiyan Thoppu Edayanvilai Santhaiyadi Post, Kottaram, Tamil Nadu, India – 629703
- IndustryTransport and Logistics, Cold Storage & Warehousing 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
- One PDF report, delivered after checkout
Business Activity of Weace Private Limited
The main business activity of Weace is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Weace Private Limited FY 2023 filings available
Weace Private Limited reported revenue of ₹3.97 Cr (up 56% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Weace Private Limited
Revenue rose 56% in the latest year. EBITDA fell 13% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Weace Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profit and Loss Statement | |||
| Revenue from Operations | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• |
| EBITDA | ₹29.16 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | ₹20.36 Lakh | •••• | •••• |
| 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 of Weace Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 7.3% | •••• | •••• |
| Net Profit Margin | 5.1% | •••• | •••• |
| 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 | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Weace are in the company report.
Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Weace Private Limited
Weace Private Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Cold Storage and Warehousing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Swadeshi Metals Pvt Ltd | ₹4.01 Cr (FY 2023) | •••• | •••• | -21.0% | •••• | Chandigarh, India |
| Shardiya Agritech Private Limited | ₹4 Cr (FY 2025) | •••• | •••• | 12.0% | •••• | Indore, Madhya Pradesh, India |
| Penguin Coldstorages Private Limited | ₹3.99 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Pune, Maharashtra, India |
| Bansi Cold Storage Pvt Ltd | ₹3.97 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Kolkata, West Bengal, India |
| Simri Cold Storage Private Limited | ₹3.97 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Samastipur, Bihar, India |
| Weace Private Limited this company | ₹3.97 Cr (FY 2023) | •••• | •••• | 56.0% | •••• | Kottaram, Tamil Nadu, India |
| Purno-Gouri Cold Storage Private Limited | ₹3.96 Cr (FY 2024) | •••• | •••• | -17.0% | •••• | Midnapore, West Bengal, India |
| Atlantica Shipping and Logistics Private Limited | ₹3.95 Cr (FY 2024) | •••• | •••• | 33.0% | •••• | Ernakulam, Kerala, India |
| Shivalaya Cold Store Private Limited | ₹3.95 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Burdwan, West Bengal, India |
| Bogjhurikhan Cold Storage Private Limited | ₹3.94 Cr (FY 2024) | •••• | •••• | 60.0% | •••• | Chandrakona, West Bengal, India |
| Vishnu Motorplaza Private Limited | ₹3.93 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Weace by revenue in the Transport and Logistics industry (Cold Storage and Warehousing), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Weace Private Limited
Weace has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajakumar Ramya | Director | 03 Jun 2020 | 6 Years 4 Months | Current |
| Ponsasi Kumar Krishnaswamy | Director | 03 Jun 2020 | 6 Years 4 Months | Current |
Charges & Borrowings of Weace Private Limited
Weace Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Weace Private Limited
Employment history and EPFO contributions of people linked to Weace.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Weace Private Limited
Weace Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Ponsasi Kumar Krishnaswamy was appointed as Director on 03 Jun 2020.
Credit Ratings, Litigation & Regulatory Alerts for Weace Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Weace Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Weace Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Weace Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Weace Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Weace Private Limited
Weace is an active private limited company based in Kottaram, Tamil Nadu, India. The company works in cold storage and warehousing services, within the transport and logistics industry. It was incorporated on 03 June 2020 (6+ years old) and is registered under CIN U72200TN2020PTC135551.
Weace reported revenue of ₹3.97 Cr for FY 2023 (up 56% YoY).
Weace has 2 current directors:
- Rajakumar Ramya - Director
- Ponsasi Kumar Krishnaswamy - Director
Weace reported a net profit of ₹20.36 Lakh (net margin 5.1%) and EBITDA of ₹29.16 Lakh (EBITDA margin 7.3%) for FY 2023, as per its filed financial statements.
The CIN (Corporate Identification Number) of Weace is U72200TN2020PTC135551. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Weace was incorporated on 03 June 2020, making it 6+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Weace by revenue are Swadeshi Metals Pvt Ltd, Shardiya Agritech Private Limited, Penguin Coldstorages Private Limited, Bansi Cold Storage Pvt Ltd, Simri Cold Storage Private Limited and 5 more, all in the Transport and Logistics industry (Cold Storage and Warehousing).
Ponsasi Kumar Krishnaswamy was appointed as Director on 03 Jun 2020. Rajakumar Ramya was appointed as Director on 03 Jun 2020.
Yes, Weace is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
The registered office of Weace is at CO K. Ponsasikumar 11 – 4 Vellaiyan Thoppu Edayanvilai Santhaiyadi Post, Kottaram, Tamil Nadu, India – 629703.
Weace has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh.