About Wefast India Private Limited
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Wefast India Private Limited is a foreign private limited company based in Delhi, India, a subsidiary of Incrin Limited. It operates in the express logistics segment of the transport and logistics sector. It was incorporated on 04 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2016FTC303981. Its GSTIN is 07AABCW8584F1ZY (Delhi). The company holds 7 GST registrations, all of them active.
The company has an authorised share capital of ₹18 Cr and a paid-up capital of ₹11.7 Cr. It is led by directors Rahul Dhiraj Dharod and Mikhail Alexandrovskiy.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at House No 38 Ground Floor Block – Ab Near Ring Road Shalimar Bagh North Wes, T, Delhi, India – 110088.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.8 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹69.24 Lakh (net margin 1.5%) and EBITDA of ₹26.12 Lakh (EBITDA margin 0.6%). Revenue has grown at a compounded annual rate (CAGR) of 16% over three years and 137% over five years.
The company has about 146 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Borzo. Court records list 1 case involving the company, including 1 filed against it. The company has 5 deals on record (5 rights issues); the latest was in July 2023. Its 6 peer companies in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities) are compared by revenue, 3 larger and 3 smaller; the largest is Express Parcel Services Private Limited with revenue of ₹49.73 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website borzodelivery.com.
Company details
Contact details
Wefast India Private Limited's registered office is in Delhi, Delhi. Its website is borzodelivery.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Apps
- Registered AddressHouse No 38 Ground Floor Block – Ab Near Ring Road Shalimar Bagh North Wes, T, Delhi, India – 110088
- IndustryTransport and Logistics, Express Logistics
To see the full contact details of Wefast India 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
Brands
Wefast India operates one associated brand: Borzo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Intra-city courier services are booked via an online marketplace platform. | borzodelivery.com |
Business activity
The main business activity of Wefast India is transport and storage. In detail, this covers postal & courier activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| H | Transport and storage | H7 | Postal & Courier activities |
To see the full business activity and turnover split of Wefast India Private Limited, buy the company report.
Financials of Wefast India Private Limited
FY 2025 filings availableWefast India Private Limited reported revenue of ₹46.8 Cr (down 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 137%. EBITDA rose 104% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹26.12 Lakh | ||||
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| Net Profit (PAT) | ₹69.24 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 0.6% | ||||
| Net Profit Margin | 1.5% | ||||
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To see the full financial statements and ratios of Wefast India Private Limited, buy the company report.
Board of directors of Wefast India Private Limited
Wefast India has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Dhiraj Dharod Also directs: Wefast Hyperlocal Private Limited | Director | 23 Jun 2023 | 3 Years 4 Months | Current |
| Mikhail Alexandrovskiy Also directs: Wefast Hyperlocal Private Limited | Director | 15 Apr 2024 | 2 Years 6 Months | Current |
Peer comparison
Wefast India Private Limited is compared with the 6 companies closest to it by revenue in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Express Parcel Services Private Limited | ₹49.73 Cr (FY 2024) | 17.0% | New Delhi, Delhi, India | |||
| Chips Express Private Limited | ₹47.87 Cr (FY 2025) | 16.0% | Ahmedabad, Gujarat, India | |||
| DTDC E-Commerce Logistics Limited | ₹46.8 Cr (FY 2017) | 5.0% | Bangalore, Karnataka, India | |||
| Wefast India Private Limitedthis company | ₹46.8 Cr (FY 2025) | ₹69.24 Lakh | 1.5% | -12.0% | 146 | Delhi, India |
| Franch Express Courier Private Limited | ₹43.83 Cr (FY 2024) | 20.0% | Chennai, Tamil Nadu, India | |||
| Citinetwork Logistic Private Limited | ₹42.21 Cr (FY 2025) | 13.0% | Thane, Maharashtra, India | |||
| Rati Logistics Private Limited | ₹41.66 Cr (FY 2024) | 7.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Wefast India Private Limited, buy the company report.
Auditor
Wefast India Private Limited is audited by MANISH KANSAL AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MANISH KANSAL AND ASSOCIATES | FY 2023 | 039997N |
Shareholding
The shareholding of Wefast India Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Wefast India Private Limited, buy the company report.
Deals & funding
Wefast India Private Limited has 5 deals on record (5 rights issues); the latest was in July 2023.
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2023 | Rights issue | ₹6.85 Cr | Investors: Incrin Limited |
| May 2020 | Rights issue | ₹37.2 Lakh | Investors: Incrin Limited |
| May 2019 | Rights issue | ₹2.38 Cr | Investors: Incrin Limited |
| Aug 2017 | Rights issue | ₹2 Cr | Investors: Incrin Limited |
| Mar 2017 | Rights issue | ₹8.9 Lakh | Investors: Incrin Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Wefast India Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Writ petition | Filed against the company by an individual | Disposed |
To see the full case history of Wefast 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
No delayed payments to MSME suppliers are on our record for Wefast India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Wefast India Private Limited has a workforce of 146 employees on its EPFO records as of Mar 25, 2025, across 1 active EPFO establishment.
GST
Wefast India has 7 GST registrations: 7 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCW8584F1ZY | Delhi | Active | 25 Jul 2017 |
| 07AABCW8584F1C9 | Delhi | Active | 24 Nov 2022 |
| 27AABCW8584F1ZW | Maharashtra | Active | 08 Feb 2018 |
| 29AABCW8584F1C3 | Karnataka | Active | 27 May 2022 |
To see the full GST registrations and return filing status of Wefast India Private Limited, buy the company report.
Recent activity
Wefast India Private Limited has 11 board changes on record since 2020: 2 appointments and 9 cessations. The latest: Mikhail Alexandrovskiy ceased to be Additional Director on 29 Sep 2024.
2 earlier events are in the company report.
News
Frequently asked questions
Wefast India is an active foreign private limited company based in Delhi, India. The company works in express logistics, within the transport and logistics industry. It was incorporated on 04 August 2016 (10+ years old) and is registered under CIN U74999DL2016FTC303981.
Wefast India has 2 current directors:
- Rahul Dhiraj Dharod - Director
- Mikhail Alexandrovskiy - Director
The latest financial statements of Wefast India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Wefast India is 07AABCW8584F1ZY, registered in Delhi. The company has 7 GST registrations in all, of which 7 are active. Other active GSTINs include 07AABCW8584F1C9 (Delhi), 27AABCW8584F1ZW (Maharashtra), 29AABCW8584F1C3 (Karnataka).
The CIN (Corporate Identification Number) of Wefast India is U74999DL2016FTC303981. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wefast India has 1 court case on record: 1 filed against it.
Wefast India was incorporated on 04 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Delhi.
Wefast India has 5 deals on record (5 rights issues); the latest was in July 2023.
The peers of Wefast India by revenue are Express Parcel Services Private Limited, Chips Express Private Limited, DTDC E-Commerce Logistics Limited, Franch Express Courier Private Limited, Citinetwork Logistic Private Limited and 1 more, all in the Transport and Logistics industry (Express Logistics), with the same principal business activity (postal & courier activities).
Mikhail Alexandrovskiy ceased to be Additional Director on 29 Sep 2024. Kirill Sergeevich Romanovskii ceased to be Additional Director on 15 Apr 2024. Mikhail Alexandrovskiy was appointed as Director on 15 Apr 2024. Wefast India has 11 board changes on record in total.
Wefast India can be reached through the website borzodelivery.com. Its registered office is in Delhi, India.