Wearit Global Limited - Company Profile

It is a manufacturing public limited company based in Kolkata, West Bengal, India, established in 1999.
1999 Kolkata, West Bengal, India Under Liquidation
Last Updated:
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About Wearit Global Limited

Wearit Global Limited, a under liquidation public limited company, was established on 03 August 1999 in Kolkata, West Bengal, India. Engaging in textile & fabric production within the manufacturing sector, it holds CIN: U40107WB1999PLC089994. Registered under ROC Roc Kolkata. it is unlisted. It has an authorized capital of ₹24.00 Cr and a paid-up capital of ₹22.84 Cr.

Formerly known as Ritspin Global Limited. It upholds a compliant status. Employing 104 professional, Its leadership includes Vaibhav Khandelwal (Irp/Rp/Liquidator), Sandeep Agarwal (Director), Abhisek Adhikary (Cfo). Past directors included Gautam Raj Chowdhary, Shailja Haldia, Aditya Bikram Chamaria. It holds ₹546.15 Cr open charges and ₹530.15 Cr settled loans. Its latest AGM occurred on 30 September 2019, with the balance sheet filed on 31 March 2019. It is based at Crescent Tower, 5Th Floor 229 A J C Bose Road, Kolkata, West Bengal, 700020.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U40107WB1999PLC089994

  • Registration Number

    089994

  • Incorporation Date

    03 August 1999

  • Authorized Capital

    ₹24.00 Cr

  • Paid-Up Capital

    ₹22.84 Cr

  • ROC Code

    Roc Kolkata

  • Listing Status

    Unlisted

  • Company Status

    Under Liquidation

Key Metrics
  • Authorised Capital ₹ 24.00 Cr
  • Paid Up Capital ₹ 22.84 Cr
  • Company Age 26 Year, 11 Months
  • Last Filing with ROC 31 Mar 2019
  • Open Charges ₹ 546.15 Cr
  • Satisfied Charges ₹ 530.15 Cr
  • Revenue Growth **** -80.10%
  • Profit Growth **** 32.41%
  • Ebitda **** -1.09%
  • Net Worth -134.30%
  • Total Assets -11.96%
Company report

Wearit Global Limited

Company Report FY 2026-2027

Comprehensive Company Insights

Explore comprehensive insights into Wearit Global 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 Wearit Global Limited?
Current Directors
Name Designation Appointment Date Status
Vaibhav Khandelwal Irp/Rp/Liquidator 17 Dec 2024 Current
Sandeep Agarwal Director 11 Nov 2017 Current
Abhisek Adhikary Cfo 01 Jun 2019 Current
Manas Ghosal Additional Director 20 Jul 2020 Current
Manish Kumar Managing Director 26 Oct 2010 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Cfo(Kmp) 10 Aug 2017 Past
Pramod Abcsdd Director 24 May 2018 Past
Pramod Abcsdd Director 16 Mar 2018 Past
Pramod Abcsdd Director 04 Nov 2008 Past
Pramod Abcsdd Additional Director 29 Sep 2018 Past
Pramod Abcsdd Additional Director 26 Sep 2017 Past

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Financial Performance of Wearit Global.

Wearit Global Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 80.1% decrease. The company also saw a substantial improvement in profitability, with a 32.41% increase in profit. The company's net worth observed a substantial decline by a decrease of 134.3%.

Wearit Global revenue growth over time
Wearit Global profit and loss trends over time
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
  • 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
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 -80.10%
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Revenue from Operations
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 -90.29%
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Total Assets
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 -11.96%
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*******
*******
Profit or Loss
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 32.41%
*******
*******
*******
*******
Net Worth
*******
 -134.30%
*******
*******
*******
*******
EBITDA
*******
 -1.09%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Wearit Global?

In 2020, Wearit Global had a promoter holding of 75.32% and a public holding of 24.68%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • 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

₹5,461,500,000.00

Satisfied Charges

₹5,301,500,000.00

Charges Breakdown by Lending Institutions
  • Others : 539.00 Cr
  • Allahabad Bank Kolkata Main Branch : 7.15 Cr
Latest Charge Details
Date Lender Amount Status
21 Aug 2017 Others ₹221.19 Cr Open
06 Oct 2015 Allahabad Bank Kolkata Main Branch ₹7.15 Cr Open
24 Jun 2014 Others ₹317.81 Cr Open
22 Nov 2013 Others ₹18.50 Cr Satisfied
27 Sep 2012 Others ₹211.19 Cr Satisfied

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How Many Employees Work at Wearit Global?

Wearit Global has a workforce of 104 employees as of Nov 19, 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
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Wearit Global, 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 Wearit Global's trajectory.

Rating
Graph displaying rating trends over time

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
Alert Indicator

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 Wearit Global
Recent Activity within the Organization
  • Director Appointment

    Progress on Vaibhav Khandelwal was appointed as a IRP/RP/Liquidator was appointed as a IRP/RP/Liquidator on 17 Dec 2024 & has been associated with this company since 1 year 6 months . was documented.

  • Director Appointment

    Manas Ghosal was appointed as a Additional Director was appointed as a Additional Director on 20 Jul 2020 & has been associated with this company since 5 years 11 months . was recorded as a recent event.

  • Annual General Meeting

    The activity Wearit Global Limited last Annual general meeting of members was held on 30 Sep 2019 as per latest MCA records. was completed.

  • Director Appointment

    Progress on Abhisek Adhikary was appointed as a CFO was appointed as a CFO on 01 Jun 2019 & has been associated with this company since 7 years 1 month . was documented.

  • Director Appointment

    The activity Abhisek Adhikary was appointed as a CFO was appointed as a CFO on 01 Jun 2019 & has been associated with this company since 7 years 1 month . was completed.

  • Balance Sheet

    The activity Wearit Global Limited has filed its annual Financial statements for the year ended 31 Mar 2019 with Roc Kolkata. was completed.

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Frequently Asked Questions
What is the CIN of Wearit Global Limited?

The CIN of Wearit Global Limited is U40107WB1999PLC089994.

Where is Wearit Global Limited headquartered?

Wearit Global Limited is headquartered at Crescent Tower, 5Th Floor 229 A J C Bose Road, Kolkata, West Bengal, 700020.

When was Wearit Global Limited incorporated?

Wearit Global Limited was incorporated on 03 August 1999.

Who are the current directors of Wearit Global Limited?

The current directors of Wearit Global Limited are

What is the primary industry of Wearit Global Limited?

The primary industry of Wearit Global Limited is Manufacturing.

Is Wearit Global Limited a listed company?

Wearit Global Limited is unlisted.

What is the capital structure of Wearit Global Limited?

The authorized capital of Wearit Global Limited is ₹24.00 Cr, and the paid-up capital is ₹22.84 Cr.

What is the compliance status of Wearit Global Limited?

The compliance status of Wearit Global Limited is Compliant.

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