About Welflex Polymer Private Limited
Data last updated:
Welflex Polymer Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Canara Hydraulics Private Limited. It operates in the rubber-based products segment of the manufacturing sector. It was incorporated on 17 May 1978 and has been in existence for over 48 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U25190KA1978PTC003315. Its GSTIN is 29AAACW1402D1ZU (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹7.65 Lakh. It is led by directors Pratima Santhosh Shetty and Santhosh Mahabala Shetty.
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 No.26 E 11 Phase Peenya Indl. Area Bangalore, Karnataka, India – 560058.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.23 Lakh, a decline of 1% compared to the previous year. For the same year it recorded a net loss of ₹9.55 Lakh (net margin -78.1%) and EBITDA of -₹9.52 Lakh (EBITDA margin -77.8%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 17% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹65.68 Cr and satisfied charges of ₹7.8 Cr on record. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website welflexpolymer.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.26 E 11 Phase Peenya Indl. Area Bangalore, Karnataka, India – 560058
- IndustryManufacturing, Rubber-Based Products
- 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 Welflex Polymer Private Limited
The main business activity of Welflex Polymer is manufacturing. In detail, this covers manufacture of rubber and plastics products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 22 | Manufacture of rubber and plastics products | 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 Welflex Polymer Private Limited FY 2025 filings available
Welflex Polymer Private Limited reported revenue of ₹12.23 Lakh (down 1% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Welflex Polymer Private Limited
Revenue fell 1% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA fell 183% 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 of Welflex Polymer Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | 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 | -₹9.52 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹9.55 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 Welflex Polymer Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -77.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -78.1% | •••• | •••• | •••• | •••• |
| 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 Welflex Polymer are in the company report.
Financial statements from 2015
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 Welflex Polymer Private Limited
Welflex Polymer Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Rubber Based Products). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jaswant International Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Innovate Autotech Private Limited | •••• | •••• | •••• | •••• | - | Jaipur, Rajasthan, India |
| Lokanayaki Rubbers Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| Future Elastomers Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Kalpaka Distributors Private Limited | •••• | •••• | •••• | •••• | - | Thrissur, Kerala, India |
| Welflex Polymer Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Industrial Linings (Baroda) Private Limited | •••• | •••• | •••• | •••• | - | Vadodara, Gujarat, India |
| Thirumala Saraswathi Developers Private Limited | •••• | •••• | •••• | •••• | - | Kothapet, Rr District., Telangana, India |
| Tara Rubber Works Pvt Ltd | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| S. G. Steels and Alloys Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Otto Inernational Private Limited | •••• | •••• | •••• | •••• | - | Haryana, India |
Peers are the five companies nearest above and the five nearest below Welflex Polymer by revenue in the Manufacturing industry (Rubber Based Products), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Welflex Polymer Private Limited
Welflex Polymer Private Limited is audited by B V C & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B V C & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Welflex Polymer Private Limited
Welflex Polymer has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pratima Santhosh Shetty Also directs: Canara Hydraulics Private Limited | Director | 12 Aug 2009 | 17 Years 1 Months | Current |
| Santhosh Mahabala Shetty | Director | 08 May 2008 | 18 Years 5 Months | Current |
Ownership and Shareholding of Welflex Polymer Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Welflex Polymer Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 16 May 2024 | Others | ₹30 Cr | Open |
| 30 Sep 2021 | Indian Bank | ₹20 Cr | Open |
| 20 Nov 2012 | Others | ₹15.13 Cr | Open |
| 18 May 1995 | Syndicate Bank | ₹49.05 Lakh | Open |
| 30 Jun 1989 | Syndicate Bank | ₹1.5 Lakh | Open |
Total charge records: 12 View all charges
Legal Cases of Welflex Polymer Private Limited
Welflex Polymer Private Limited has 4 court cases on record: 2 filed by Welflex Polymer, 2 filed against it. 3 cases are pending and 1 is disposed. Status as checked between 29 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 2 |
| District courts | 2 | 2 | 1 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Pending |
| High Court of Karnataka | Writ petition | Filed by the company against an individual | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by an individual | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Welflex Polymer Private Limited
Welflex Polymer Private Limited has a workforce of 13 employees as of Apr 09, 2024.
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.
CIN History of Welflex Polymer Private Limited
Welflex Polymer has one previous CIN (Corporate Identification Number): U24134KA1978PTC003315. The current CIN is U25190KA1978PTC003315, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U25190KA1978PTC003315 | Current |
| U24134KA1978PTC003315 | Previous |
Recent Activity on Welflex Polymer Private Limited
Welflex Polymer Private Limited has 7 board changes on record since 2008: 2 appointments and 5 cessations. The latest: Punaryur Varadaraja Acharya ceased to be Managing Director on 30 Dec 2009.
18 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Welflex Polymer 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 Welflex Polymer 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 Welflex Polymer 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 Welflex Polymer Private Limited
Welflex Polymer has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACW1402D1ZU | Karnataka | Active | 01 Jul 2017 |
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 Welflex Polymer 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 Welflex Polymer Private Limited
Welflex Polymer is an active private limited company based in Bangalore, Karnataka, India. The company works in rubber-based products, within the manufacturing industry. It was incorporated on 17 May 1978 (48+ years old) and is registered under CIN U25190KA1978PTC003315.
Welflex Polymer reported revenue of ₹12.23 Lakh for FY 2025 (down 1% YoY).
Welflex Polymer has 2 current directors:
- Pratima Santhosh Shetty - Director
- Santhosh Mahabala Shetty - Director
Welflex Polymer reported a net loss of ₹9.55 Lakh (net margin -78.1%) and EBITDA of -₹9.52 Lakh (EBITDA margin -77.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Welflex Polymer is -25% over three years and 17% over five years. In the latest year (FY 2025) revenue fell 1%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Welflex Polymer is 29AAACW1402D1ZU, registered in Karnataka.
The CIN (Corporate Identification Number) of Welflex Polymer is U25190KA1978PTC003315. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Welflex Polymer has 4 court cases on record: 2 filed by the company and 2 filed against it. 3 are pending. Most are in the high courts.
Welflex Polymer was incorporated on 17 May 1978, making it 48+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Welflex Polymer by revenue are Jaswant International Private Limited, Innovate Autotech Private Limited, Lokanayaki Rubbers Private Limited, Future Elastomers Private Limited, Kalpaka Distributors Private Limited and 5 more, all in the Manufacturing industry (Rubber Based Products).
Punaryur Varadaraja Acharya ceased to be Managing Director on 30 Dec 2009. Sadashiva Pai Polthel ceased to be Director on 30 Dec 2009. Pratima Santhosh Shetty was appointed as Director on 12 Aug 2009. Welflex Polymer has 7 board changes on record in total.