About Wegl Services India Private Limited
Data last updated:
Wegl Services India Private Limited was a foreign private limited company based in Chennai, Tamil Nadu, India, operated as a subsidiary of Wasco Engineering Group Limited. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the engineering design and consultancy segment of the engineering sector. It was incorporated on 09 July 2019.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U74110TN2019FTC130406. The company has 2 GST registrations on record, none of which is active.
The company had an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹1.4 Cr. It was led by directors Ramanathan Singaram and Shamugam Karupiah.
Its last annual general meeting (AGM) was held on 22 October 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office was at 7/5 Lggs Colony 25th Street 7th Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083.
As per the financials filed for FY 2021, the company reported a revenue of ₹4.69 Cr, a growth of 74% compared to the previous year. For the same year it recorded a net loss of ₹29.4 Lakh (net margin -6.3%) and EBITDA of ₹27.99 Lakh (EBITDA margin 6%).
The company had about 11 employees on its provident fund (EPFO) records before it was dissolved.
Court records list 1 case involving the company, including 1 filed by the company.
The last known website on record is wascoenergy.com.
Company details
Contact details
Wegl Services India Private Limited's registered office is in Chennai, Tamil Nadu. Its website is wascoenergy.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address7/5 Lggs Colony 25th Street 7th Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083
- IndustryEngineering, Engineering Design & Consultancy
To see the full contact details of Wegl Services 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
Financials of Wegl Services India Private Limited
FY 2021 filings availableWegl Services India Private Limited reported revenue of ₹4.69 Cr (up 74% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue rose 74% in the latest year. EBITDA rose 126% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2020-21 | FY 2019-20 |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | ||
| Other Income | ||
| Total Revenue | ₹4.69 Cr | |
| Cost of Materials Consumed | ||
| Employee Benefit Expense | ||
| Finance Costs | ||
| Depreciation and Amortisation | ||
| Other Expenses | ||
| Total Expenses | ||
| EBITDA | ₹27.99 Lakh | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹29.4 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
| Metrics | FY 2020-21 | FY 2019-20 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 6% | |
| Net Profit Margin | -6.3% | |
| 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 Wegl Services India Private Limited, buy the company report.
Board of directors of Wegl Services India Private Limited
Wegl Services India has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramanathan Singaram Also directs: Welspun Wasco Coatings Private Limited | Director | 09 Jul 2019 | 7 Years 3 Months | As last reported |
| Shamugam Karupiah | Director | 23 Sep 2021 | 5 Years 1 Months | As last reported |
Peer comparison
Wegl Services India Private Limited is compared with the 4 companies closest to it by revenue in the Engineering industry (Engineering Design), with the same principal business activity (architecture, engineering activities, technical testing and analysis activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 4 Archs Project Private Limited | ₹4.7 Cr (FY 2025) | -21.0% | Mumbai, Maharashtra, India | |||
| Wegl Services India Private Limitedthis company | ₹4.69 Cr (FY 2021) | -₹29.4 Lakh | -6.3% | 74.0% | Chennai, Tamil Nadu, India | |
| Orgate Automation Private Limited | ₹4.69 Cr (FY 2025) | 60.0% | Pune, Maharashtra, India | |||
| Spa Design Private Limited | ₹4.68 Cr (FY 2024) | 12.0% | New Delhi, Delhi, India | |||
| La Star Works Private Limited | ₹4.67 Cr (FY 2025) | 2654.0% | Bhiwandi, Maharashtra, India |
To see the full peer comparison of Wegl Services India Private Limited, buy the company report.
Auditor
Wegl Services India Private Limited is audited by M S K A & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & ASSOCIATES | FY 2021 | 105047W |
Shareholding
The shareholding of Wegl Services India Private Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Wegl Services India Private Limited, buy the company report.
Legal cases
Wegl Services India Private Limited has 1 court case on record: 1 filed by Wegl Services India. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLT | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLT, Chennai | Insolvency matter | Filed by the company | Disposed |
To see the full case history of Wegl Services 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 Wegl Services India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Wegl Services India has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Wegl Services India Private Limited, buy the company report.
Recent activity
Wegl Services India Private Limited has 5 board changes on record since 2019: 2 appointments and 3 cessations. The latest: Antoni Pitchai Rajamichael ceased to be Director on 25 Mar 2022.
Frequently asked questions
Wegl Services India has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Wegl Services India was a foreign private limited company based in Chennai, Tamil Nadu, India. The company worked in engineering design and consultancy, within the engineering industry. It was incorporated on 09 July 2019 and is registered under CIN U74110TN2019FTC130406. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Wegl Services India was incorporated on 09 July 2019. It is registered with the Registrar of Companies, Chennai.
Wegl Services India had 2 directors:
- Ramanathan Singaram - Director
- Shamugam Karupiah - Director
The CIN (Corporate Identification Number) of Wegl Services India is U74110TN2019FTC130406. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Wegl Services India is at 75 Lggs Colony 25th Street 7th Avenue Ashok Nagar, Chennai, Tamil Nadu, India – 600083.
Wegl Services India can be reached through the website wascoenergy.com. Its registered office is in Chennai, Tamil Nadu, India.
The latest financial statements of Wegl Services India on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 22 October 2021. Year-wise statements from FY 2020 are in the company report.
No. Wegl Services India has 2 GST registrations on record and all of them are cancelled or inactive.
Wegl Services India operated in the engineering industry, in the engineering design and consultancy segment.
The peers of Wegl Services India by revenue are 4 Archs Project Private Limited, Orgate Automation Private Limited, Spa Design Private Limited, La Star Works Private Limited, all in the Engineering industry (Engineering Design), with the same principal business activity (architecture, engineering activities, technical testing and analysis activities).