MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-03-0003268
Market Cap
₹36.49 Cr
ZWELCAST · BSE
Share Price
₹570.10
0.00% today
Revenue
₹48.97 Cr
FY 2025-26 · -42.1% YoY
EBITDA
−₹6.14 Cr
Margin -12.5%
Net Profit
−₹2.56 Cr
FY 2025-26 · -120.7% YoY
ROE
-6.9%
ROCE -4.2%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹63.82 Lakh
Issued & subscribed
About Welcast Steels Limited
Data last updated:
Welcast Steels Limited is a public limited company based in Ahmedabad, Gujarat, India, a subsidiary of Aia Engineering Limited. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 28 February 1972 and has been in existence for over 54 years.
Its director Bhadresh Shah is #132 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L27104GJ1972PLC085827. Its GSTIN is 29AAACW1408K1Z9 (Karnataka). The company holds 2 GST registrations, of which 1 is active. It is a listed company as per MCA records. Its shares are listed on BSE: 504988.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹63.82 Lakh. It is led by directors including Bhadresh Kantilal Shah and Pradip Rasiklal Shah.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at 115 – 116 G.V.M.M. Estate Odhav Road Odhav, Ahmedabad, Gujarat, India – 382415.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹48.97 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹2.56 Cr (net margin -5.2%) and EBITDA of -₹6.14 Cr (EBITDA margin -12.5%). The net worth stands at ₹34.42 Cr (down 13.4% YoY). Total assets are valued at ₹34.42 Cr (down 14.4% YoY).
The company has about 136 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Welcast Steel. As per MCA filings, the company has open charges of ₹45 Lakh and satisfied charges of ₹14.12 Cr on record. Court records list 65 cases involving the company, including 29 filed by the company and 36 filed against it; 13 cases are pending. The company has 11 deals on record (8 market trades, 3 acquisitions); the latest was in May 2024. The company has 3 MSME Form 1 returns on record between 2022 and 2023, listing 3 overdue payments to 2 micro and small suppliers.
Welcast Steels Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0003268). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website welcaststeels.com.
Company details
CIN L27104GJ1972PLC085827
Registration Number 085827
Incorporation Date 28 February 1972
ROC Ahmedabad
Listing Status Listed - Listed on BSE (504988)
Company Status Active
Date of Last AGM 10 September 2025
Date of Balance Sheet 31 March 2026
Parent Company Aia Engineering Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-03-0003268
CIN history
Welcast Steels has one previous CIN (Corporate Identification Number): L27104KA1972PLC002163. The current CIN is L27104GJ1972PLC085827, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27104GJ1972PLC085827 | Current |
| L27104KA1972PLC002163 | Previous |
Key People
Bhadresh Kantilal Shah Director Pradip Rasiklal Shah Director Sanjay Shaileshbhai Majmudar Director Recognitions & Rankings of Welcast Steels
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #132 Bhadresh Shah ₹25,800 Cr
Contact details
Welcast Steels Limited's registered office is in Ahmedabad, Gujarat. Its website is welcaststeels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address115 – 116 G.V.M.M. Estate Odhav Road Odhav, Ahmedabad, Gujarat, India – 382415
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Welcast Steels Limited, buy the company report.
Comprehensive company report
Welcast Steels Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Welcast Steels operates one associated brand: Welcast Steel. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing hykrom grinding media balls for the cement and mining Industry | welcaststeels.com |
Business activity
The main business activity of Welcast Steels is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Welcast Steels Limited, buy the company report.
Financials of Welcast Steels Limited
FY 2025-26 filings availableWelcast Steels Limited reported revenue of ₹48.97 Cr (down 42% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue
₹48.97 Cr
-42.0% YoY
EBITDA
−₹6.14 Cr
-443.4% YoY
Profit After Tax
−₹2.56 Cr
-120.7% YoY
Net Worth
₹34.42 Cr
-13.4% YoY
Total Assets
₹34.42 Cr
-14.4% YoY
Total Debt
Nil
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 48.97 | 84.50 | 91.07 | 93.92 | 85.97 | 97.95 | 150 |
| Revenue growth | -42.1% | -7.2% | -3.0% | +9.3% | -12.2% | -34.7% | - |
| EBITDA | (6.14) | (1.13) | 4.44 | 4.27 | 0.06 | (0.05) | 0.90 |
| EBITDA margin | -12.5% | -1.3% | +4.9% | +4.6% | +0.1% | -0.1% | +0.6% |
| Profit before tax | (4.87) | (0.35) | 7.01 | 2.42 | (0.53) | (1.40) | (0.06) |
| Net profit | (2.56) | (1.16) | 4.69 | 2.83 | (0.48) | (1.82) | (0.44) |
| Net profit margin | -5.2% | -1.4% | +5.2% | +3.0% | -0.6% | -1.9% | -0.3% |
| EPS (₹) | (83.05) | (5.29) | 82.21 | 41.36 | (7.70) | (28.51) | (4.12) |
| Balance sheet | |||||||
| Total assets | 34.42 | 40.22 | 40.76 | 35.79 | 35.82 | 36.75 | 40.36 |
| Net worth | 34.42 | 39.73 | 40.31 | 35.31 | 32.52 | 32.76 | 34.42 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 2.84 | 3.47 | 4.00 |
| Cash & bank | 0.78 | 2.97 | 3.75 | 1.11 | 3.03 | 2.35 | 0.62 |
| Net working capital | 7.17 | 16.04 | 14.94 | 10.97 | 25.38 | 22.95 | 24.53 |
| Cash flow | |||||||
| Cash from operations | 2.84 | (3.74) | 3.81 | 17.25 | 2.78 | 2.20 | (0.20) |
| Cash from investing | (4.52) | 2.83 | (1.11) | (14.65) | (1.31) | 0.29 | (1.86) |
| Cash from financing | 0.00 | (0.21) | (0.16) | (4.47) | (0.81) | (0.81) | 2.26 |
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.46 | 1.22 | 2.92 | 2.62 | 20.65 | 22.78 | 20.81 | 23.08 |
| Revenue growth (YoY) | -97.8% | -94.6% | -86.0% | -88.7% | +27.2% | -6.6% | - | - |
| Other income | 0.45 | 0.46 | 0.82 | 0.39 | 0.36 | 0.42 | 0.48 | 0.40 |
| Total expenses | 1.32 | 2.30 | 1.52 | 5.97 | 24.22 | 23.43 | 20.78 | 23.00 |
| EBITDA | (0.86) | (1.08) | 1.40 | (3.35) | (3.57) | (0.65) | 0.03 | 0.08 |
| EBITDA margin | - | - | - | -130.4% | -17.4% | -2.9% | +0.1% | +0.3% |
| Depreciation | 0.10 | 0.10 | 0.14 | 0.14 | 0.18 | 0.16 | 0.24 | 0.20 |
| Interest | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | 0.06 | 0.01 |
| Profit before tax | (0.51) | (0.72) | 2.08 | (3.16) | (3.39) | (0.39) | 0.21 | 0.27 |
| Tax | 0.00 | 0.00 | 0.69 | 0.00 | (0.16) | (0.10) | 0.03 | 0.17 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 07 Nov 2026
| Particulars | Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 0.46 | 1.22 | 2.92 | 2.62 | 20.65 | 22.78 | 20.81 | 23.08 |
| Revenue growth (YoY) | -97.8% | -94.6% | -86.0% | -88.7% | +27.2% | -6.6% | - | - |
| Other income | 0.45 | 0.46 | 0.82 | 0.39 | 0.36 | 0.42 | 0.48 | 0.40 |
| Total expenses | 1.32 | 2.30 | 1.52 | 5.97 | 24.22 | 23.43 | 20.78 | 23.00 |
| EBITDA | (0.86) | (1.08) | 1.40 | (3.35) | (3.57) | (0.65) | 0.03 | 0.08 |
| EBITDA margin | - | - | - | -130.4% | -17.4% | -2.9% | +0.1% | +0.3% |
| Depreciation | 0.10 | 0.10 | 0.14 | 0.14 | 0.18 | 0.16 | 0.24 | 0.20 |
| Interest | 0.00 | 0.00 | 0.00 | 0.06 | 0.00 | 0.00 | 0.06 | 0.01 |
| Profit before tax | (0.51) | (0.72) | 2.08 | (3.16) | (3.39) | (0.39) | 0.21 | 0.27 |
| Tax | 0.00 | 0.00 | 0.69 | 0.00 | (0.16) | (0.10) | 0.03 | 0.17 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 48.97 | 84.50 | 91.07 | 93.92 | 85.97 | 97.95 | 150 |
| Revenue growth | -42.1% | -7.2% | -3.0% | +9.3% | -12.2% | -34.7% | - |
| Other income | 1.99 | 1.69 | 3.62 | 0.76 | 0.72 | 0.46 | 0.81 |
| Total expenses | 55.11 | 85.63 | 86.63 | 89.65 | 85.91 | 98.00 | 149 |
| Employee cost | 7.07 | 9.03 | 7.52 | 6.93 | 6.95 | 8.76 | 9.89 |
| EBITDA | (6.14) | (1.13) | 4.44 | 4.27 | 0.06 | (0.05) | 0.90 |
| EBITDA margin | -12.5% | -1.3% | +4.9% | +4.6% | +0.1% | -0.1% | +0.6% |
| Depreciation | 0.62 | 0.79 | 0.75 | 0.90 | 1.08 | 1.43 | 1.34 |
| Interest | 0.10 | 0.12 | 0.30 | 1.71 | 0.23 | 0.38 | 0.43 |
| Profit before tax | (4.87) | (0.35) | 7.01 | 2.42 | (0.53) | (1.40) | (0.06) |
| Tax | 0.43 | (0.01) | 1.76 | (0.25) | (0.05) | 0.42 | 0.22 |
| Net profit | (2.56) | (1.16) | 4.69 | 2.83 | (0.48) | (1.82) | (0.44) |
| Net profit margin | -5.2% | -1.4% | +5.2% | +3.0% | -0.6% | -1.9% | -0.3% |
| EPS (₹) | (83.05) | (5.29) | 82.21 | 41.36 | (7.70) | (28.51) | (4.12) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 | 0.64 |
| Reserves & surplus | 33.78 | 39.09 | 39.67 | 34.67 | 31.88 | 32.12 | 33.78 |
| Shareholders' funds (net worth) | 34.42 | 39.73 | 40.31 | 35.31 | 32.52 | 32.76 | 34.42 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 1.57 | 3.47 | 4.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 1.27 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 2.84 | 3.47 | 4.00 |
| Total liabilities | 34.42 | 40.22 | 40.76 | 35.79 | 35.82 | 36.75 | 40.36 |
| Assets | |||||||
| Gross block | 42.50 | 42.77 | 43.03 | 45.49 | 47.97 | 46.09 | 46.08 |
| Net block | 3.27 | 3.89 | 4.18 | 4.59 | 7.34 | 6.54 | 7.91 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.09 | 0.00 | 0.00 | 0.00 |
| Investments | 23.81 | 16.81 | 18.65 | 17.05 | 0.00 | 0.00 | 0.00 |
| Inventories | 4.08 | 10.48 | 12.18 | 13.14 | 16.78 | 10.05 | 20.41 |
| Sundry debtors | 0.00 | 8.25 | 7.16 | 5.37 | 10.99 | 13.99 | 9.37 |
| Cash & bank balances | 0.78 | 2.97 | 3.75 | 1.11 | 3.03 | 2.35 | 0.62 |
| Loans & advances | 3.49 | 1.79 | 0.91 | 1.77 | 1.66 | 1.32 | 4.15 |
| Total current assets | 8.35 | 23.49 | 24.00 | 21.39 | 32.46 | 27.71 | 34.55 |
| Total current liabilities | 1.18 | 7.45 | 9.06 | 10.42 | 7.08 | 4.76 | 10.02 |
| Net working capital | 7.17 | 16.04 | 14.94 | 10.97 | 25.38 | 22.95 | 24.53 |
| Total assets | 34.42 | 40.22 | 40.76 | 35.79 | 35.82 | 36.75 | 40.36 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 2.45 | 3.57 | 1.03 | 2.90 | 2.23 | 0.55 | 0.35 |
| Net cash from operating activities | 2.84 | (3.74) | 3.81 | 17.25 | 2.78 | 2.20 | (0.20) |
| Net cash from investing activities | (4.52) | 2.83 | (1.11) | (14.65) | (1.31) | 0.29 | (1.86) |
| Net cash from financing activities | 0.00 | (0.21) | (0.16) | (4.47) | (0.81) | (0.81) | 2.26 |
| Net change in cash | (1.68) | (1.13) | 2.54 | (1.86) | 0.67 | 1.68 | 0.20 |
| Closing cash | 0.78 | 2.97 | 3.75 | 1.11 | 3.03 | 2.35 | 0.62 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -42.1% | -7.2% | -3.0% | +9.3% | -12.2% | -34.7% | - |
| EBITDA growth | -443.4% | -125.5% | +4.0% | +7016.7% | +220.0% | -105.6% | - |
| PBT growth | -1291.4% | - | +189.7% | +9998.0% | +62.1% | -2233.3% | - |
| Net income growth | -120.7% | -124.7% | +65.7% | +689.6% | +73.6% | -313.6% | - |
| Revenue CAGR (3Y) | -19.5% | -0.6% | -2.4% | -14.5% | -31.7% | -25.2% | -9.3% |
| EBITDA CAGR (3Y) | - | - | - | +68.0% | -74.5% | - | -31.0% |
| Profitability & leverage | |||||||
| Net income margin | -10.8% | -0.4% | +5.8% | +2.8% | -0.6% | -1.9% | -0.2% |
| Return on capital employed | -4.2% | -2.0% | +17.1% | +11.5% | -0.9% | -2.7% | -0.1% |
| Return on net worth | -6.9% | -2.9% | +12.4% | +7.8% | -1.5% | -5.4% | -1.2% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.04 | 0.10 | 0.11 | 0.07 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.02 | 0.02 | 0.00 | 0.00 |
| Interest cover | -1.48 | -6.25 | 8.13 | 50.74 | -22.55 | -25.68 | -97.73 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.15 | 1.97 | 2.06 | 2.01 | 1.83 | 2.13 | 3.19 |
| Inventory turnover | 6.73 | 7.46 | 7.19 | 6.28 | 6.41 | 6.43 | 7.08 |
| Debtors turnover | 11.87 | 10.97 | 14.54 | 11.48 | 6.88 | 8.39 | 13.66 |
| EPS (₹) | (83.05) | (5.29) | 82.21 | 41.36 | (7.70) | (28.51) | (4.12) |
| Dividend per share (₹) | 0.00 | 0.00 | 2.50 | 2.50 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 539.15 | 622.25 | 631.47 | 553.12 | 509.43 | 513.16 | 539.15 |
To see the full year-wise statements and ratios of Welcast Steels Limited, buy the company report.
Board of directors of Welcast Steels Limited
Welcast Steels has 6 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhadresh Kantilal Shah Also directs: Zydus Lifesciences Limited, Aia Engineering Limited, Zydus Healthcare Limited and 2 more | Director | 30 Aug 2001 | 25 Years 2 Months | Current |
| Pradip Rasiklal Shah | Director | 03 May 1995 | 31 Years 6 Months | Current |
| Sanjay Shaileshbhai Majmudar | Director | 23 May 2007 | 19 Years 5 Months | Current |
| Khushali Samip Solanki Also directs: Aia Engineering Limited | Director | 15 Apr 2015 | 11 Years 6 Months | Current |
| Rajan Ramkrishna Harivallabhdas Also directs: Bharat Beams Private Limited, Ebony Construction Pvt Ltd, Engineering and Agencies Pvt Ltd and 1 more | Director | 02 Sep 2024 | 2 Years 2 Months | Current |
| Piyush Balvantlal Shah | Director | 02 Sep 2024 | 2 Years 2 Months | Current |
Auditor
Welcast Steels Limited is audited by DAGLIYA & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DAGLIYA & CO | FY 2023 | 000671S |
Shareholding
Shareholding for the quarter ended Mar 2026: promoters hold 74.80%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 25.20%.
Mar 2026
QUARTER
74.80% Promoters
25.20% Retail & Others
Promoter holding - history
Now 74.80% · Mar 2026High 74.80% · Jun 2025Low 74.80% · Jun 2025
Shareholding trend - last 6 quarters
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | |
|---|---|---|---|---|
| Promoters | 74.80% | 74.80% | 74.80% | 74.80% |
| Public | 25.20% | 25.20% | 25.20% | 25.20% |
Charges & borrowings
Open charges
₹45 Lakh
Satisfied charges
₹14.12 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Nov 1972 | 90189222 | First National City Bank | ₹45 Lakh | Open | |
| 12 Nov 2021 | 100541340 | Canara Bank | ₹1.27 Cr | Satisfied | |
| 20 Apr 2005 | 80065299 | State Bank of India | ₹3.85 Cr | Satisfied | |
| 07 Aug 2001 | 80042745 | Canara Bank | ₹9 Cr | Satisfied |
To see the full charge records of Welcast Steels Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Welcast Steels Limited has 11 deals on record (8 market trades, 3 acquisitions); the latest was in May 2024.
Total deals
11
Market trades
8
Acquisitions
3
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2024 | Market trade | ₹57.3 Lakh | Buyer: an individual Seller: Somani Stock Broking Pvt.Ltd. |
| Nov 2013 | Market trade | ₹1.32 Cr | Buyer: Aia Engineering Limited Seller: an individual |
| Oct 2013 | Acquisition | Undisclosed | Buyer: Aia Engineering Limited |
| Oct 2013 | Market trade | ₹31.9 Lakh | Buyer: Aia Engineering Limited Seller: an individual |
| Nov 2006 | Market trade | ₹1.31 Cr | Buyer: Prakash And Company, Maximus Multitrade Limited Seller: Prakash And Company, Maximus Multitrade Limited |
To see the full deal history of Welcast Steels Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Welcast Steels Limited has 65 court cases on record: 29 filed by Welcast Steels, 36 filed against it. 13 cases are pending and 52 are disposed.
Total cases
65
Filed by the company
29
Filed against the company
36
Pending
13
Disposed
52
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 39 | 15 | 5 |
| District courts | 25 | 20 | 7 |
| Supreme Court | 1 | 1 | 1 |
Cases on record (5 of 65)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (SPMA) | Filed by the company against Yuken India Ltd and 30 others | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Kudremukh Iron Ore Company Ltd and 1 other | Disposed |
| High Court of Karnataka | Writ petition | Filed by the company against Balaji Industrial Products Ltd and 1 other | Disposed |
| High Court of Karnataka | Appeal | Filed by the company against The Government of Karnataka | Disposed |
| High Court, KARNATAKA | Writ petition | Filed against the company by an individual | Pending |
To see the full case history of Welcast Steels 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
Welcast Steels Limited has 3 MSME Form 1 returns on record between 2022 and 2023, listing 3 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Meckon | |||
| A.N.Market Solutions Private Limited |
To see the full MSME payment records of Welcast Steels Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Welcast Steels Limited has a workforce of 136 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
136
Active EPFO establishments
1
GST
Welcast Steels has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACW1408K1Z9 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Welcast Steels Limited, buy the company report.
Recent activity
Welcast Steels Limited has 25 board changes on record since 1972: 16 appointments and 9 cessations. The latest: Vutukuru Venkata Rama Mohana Rao ceased to be CEO on 31 Jul 2025.
Filing
Welcast Steels Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
AGM
Welcast Steels Limited last Annual general meeting of members was held on 10 Sep 2025 as per latest MCA records.
Ceased
Vutukuru Venkata Rama Mohana Rao ceased to be CEO.
Ceased
Satyanarayan Chhogalal Jetheliya ceased to be Company Secretary.
Ceased
Ashok Asharam Nichani ceased to be Director.
Ceased
Debi Prasad Dhanuka ceased to be Director.
Appointed
Piyush Balvantlal Shah was appointed as Director.
Appointed
Rajan Ramkrishna Harivallabhdas was appointed as Director.
Charges
A charge registered on 07 Aug 2001 via Charge ID 80042745 with Canara Bank was fully satisfied on 20 Mar 2024.
Charges
A charge registered on 12 Nov 2021 via Charge ID 100541340 with Canara Bank was fully satisfied on 11 Jan 2023.
Ceased
Rajendra Shantilal Shah ceased to be Director.
Appointed
Viren Kantilal Thakkar was appointed as CFO.
24 earlier events are in the company report.
News
Frequently asked questions
Welcast Steels is an active public limited company based in Ahmedabad, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 28 February 1972 (54+ years old) and is registered under CIN L27104GJ1972PLC085827. Listed on BSE: 504988.
Welcast Steels reported revenue of ₹48.97 Cr for FY 2025-26 (down 42% YoY) based on standalone financials.
Welcast Steels has 6 current directors:
- Bhadresh Kantilal Shah - Director
- Pradip Rasiklal Shah - Director
- Sanjay Shaileshbhai Majmudar - Director
- Khushali Samip Solanki - Director
- Rajan Ramkrishna Harivallabhdas - Director
- Piyush Balvantlal Shah - Director
The latest financial statements of Welcast Steels on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 10 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Welcast Steels is 29AAACW1408K1Z9, registered in Karnataka. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Welcast Steels is L27104GJ1972PLC085827. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Welcast Steels is a listed company as per MCA records. Its shares are listed on BSE (code: 504988).
Welcast Steels has 65 court cases on record: 29 filed by the company and 36 filed against it. 13 are pending. Most are in the high courts.
Welcast Steels was incorporated on 28 February 1972, making it 54+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Welcast Steels has 11 deals on record (8 market trades, 3 acquisitions); the latest was in May 2024.
Vutukuru Venkata Rama Mohana Rao ceased to be CEO on 31 Jul 2025. Satyanarayan Chhogalal Jetheliya ceased to be Company Secretary on 06 Feb 2025. Ashok Asharam Nichani ceased to be Director on 10 Sep 2024. Welcast Steels has 25 board changes on record in total.
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