MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-GJ-20-0015637
Well Spain Rubber Private Limited - manufacturing in Rajkot, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3.66 Cr
▼ 16% YoY
Net profit · FY 2025
₹3.87 Lakh
Net margin 1.1%
EBITDA · FY 2025
₹25.26 Lakh
EBITDA margin 6.9%
Authorised capital
₹1.3 Cr
Registered with MCA
Paid-up capital
₹1.3 Cr
Issued & subscribed
Open charges
₹2.78 Cr
Satisfied ₹3.35 Cr
Company age
13 yrs
Est. 2013
Directors on board
3
As per MCA filings
About Well Spain Rubber Private Limited
Data last updated:
Well Spain Rubber Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the rubber and products segment of the manufacturing sector. It was incorporated on 19 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U25203GJ2013PTC076094. Its GSTIN is 24AABCW4111G1ZT (Gujarat).
The company has an authorised share capital of ₹1.3 Cr and a paid-up capital of ₹1.3 Cr. It is led by directors including Vasantbhai Ranchhodbhai Shingala and Darpan Vasantbhai Shingala.
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 Rajkot, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.66 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net profit of ₹3.87 Lakh (net margin 1.1%) and EBITDA of ₹25.26 Lakh (EBITDA margin 6.9%). Revenue has grown at a compounded annual rate (CAGR) of 18% over three years and 8% over five years.
As per MCA filings, the company has open charges of ₹2.78 Cr and satisfied charges of ₹3.35 Cr on record.
Well Spain Rubber Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-20-0015637). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wellspainrubber.com.
Company details
CIN U25203GJ2013PTC076094
Registration Number 076094
Incorporation Date 19 July 2013
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-GJ-20-0015637
Key People
Vasantbhai Ranchhodbhai Shingala Director Darpan Vasantbhai Shingala Director Rasik Ranchhodbhai Shingala Director Recognitions & Rankings of Well Spain Rubber
Contact details
Well Spain Rubber Private Limited's registered office is in Rajkot, Gujarat. Its website is wellspainrubber.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 01 And 02 Survey No 142 Nr. Bapa Sitaram Temple Thordi Tal: Kota, Da Sangani, Rajkot, Gujarat, India – 360070
- IndustryManufacturing, Rubber & Products
To see the full contact details of Well Spain Rubber Private Limited, buy the company report.
Comprehensive company report
Well Spain Rubber Private 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
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Business activity
The main business activity of Well Spain Rubber is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Well Spain Rubber Private Limited, buy the company report.
Financials of Well Spain Rubber Private Limited
FY 2025 filings availableWell Spain Rubber Private Limited reported revenue of ₹3.66 Cr (down 16% YoY) for FY 2025.
Revenue · FY 2025
₹3.66 Cr ▼ 16%
Net profit · FY 2025
₹3.87 Lakh margin 1.1%
EBITDA · FY 2025
₹25.26 Lakh margin 6.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 16%
3 years · compounded
▲ 18%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 8%
5 years · compounded
▼ 1%
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 3% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹25.26 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.87 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 | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.9% | ||||
| Net Profit Margin | 1.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Well Spain Rubber Private Limited, buy the company report.
Board of directors of Well Spain Rubber Private Limited
Well Spain Rubber has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vasantbhai Ranchhodbhai Shingala | Director | 19 Jul 2013 | 13 Years 3 Months | Current |
| Darpan Vasantbhai Shingala | Director | 04 Feb 2024 | 2 Years 9 Months | Current |
| Rasik Ranchhodbhai Shingala | Director | 04 Feb 2024 | 2 Years 9 Months | Current |
Peer comparison
Well Spain Rubber Private Limited is compared with the 4 companies closest to it by revenue in the Manufacturing industry (Rubber), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| The Kuttanad Rubber Co Ltd | ₹3.73 Cr (FY 2025) | 16.0% | Kottayam, Kerala, India | |||
| T K Rubber Industries Pvt Ltd | ₹3.67 Cr (FY 2025) | 10.0% | Punjab, India | |||
| Well Spain Rubber Private Limitedthis company | ₹3.66 Cr (FY 2025) | ₹3.87 Lakh | 1.1% | -16.0% | Rajkot, Gujarat, India | |
| D.S.Techno Rubber Private Limited | ₹3.62 Cr (FY 2025) | -20.0% | Chennai, Tamil Nadu, India | |||
| Manu Treads Private Limited | ₹3.44 Cr (FY 2025) | 5.0% | Thrissur, Kerala, India |
To see the full peer comparison of Well Spain Rubber Private Limited, buy the company report.
Auditor
Well Spain Rubber Private Limited is audited by Vekriya & Vekariya for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Vekriya & Vekariya | FY 2023 | 140090W |
Shareholding
The shareholding of Well Spain Rubber Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Well Spain Rubber Private Limited, buy the company report.
Charges & borrowings
Open charges
₹2.78 Cr
Satisfied charges
₹3.35 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Apr 2025 | 101117317 | Others | ₹8.6 Lakh | Open | |
| 31 May 2024 | 100955048 | Bank of India | ₹2.7 Cr | Open | |
| 30 Jan 2019 | 100235979 | Others | ₹1.18 Cr | Satisfied | |
| 05 Jul 2014 | 10508700 | Bank of India | ₹2.17 Cr | Satisfied |
To see the full charge records of Well Spain Rubber Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Well Spain Rubber Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Well Spain Rubber Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Well Spain Rubber has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCW4111G1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Well Spain Rubber Private Limited, buy the company report.
Recent activity
Well Spain Rubber Private Limited has 7 board changes on record since 2013: 5 appointments and 2 cessations. The latest: Dharmesh Damjibhai Shingala ceased to be Director on 06 Feb 2024.
AGM
Well Spain Rubber Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Bank Of India of Rs. 2.70 Cr registered on 31 May 2024 with Charge ID 100955048 was modified on 04 Sep 2025.
Charges
A charge registered on 30 Jan 2019 via Charge ID 100235979 with Others was fully satisfied on 07 Aug 2025.
Charges
A charge with Others amounted to Rs. 0.09 Cr with Charge ID 101117317 was registered on 23 Apr 2025.
Filing
Well Spain Rubber Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Bank Of India amounted to Rs. 2.70 Cr with Charge ID 100955048 was registered on 31 May 2024.
Ceased
Dharmesh Damjibhai Shingala ceased to be Director.
Appointed
Darpan Vasantbhai Shingala was appointed as Director.
Appointed
Rasik Ranchhodbhai Shingala was appointed as Director.
Charges
A charge with Others of Rs. 1.18 Cr registered on 30 Jan 2019 with Charge ID 100235979 was modified on 18 Aug 2020.
Charges
A charge registered on 05 Jul 2014 via Charge ID 10508700 with Bank Of India was fully satisfied on 05 Feb 2019.
Charges
A charge with Others amounted to Rs. 1.18 Cr with Charge ID 100235979 was registered on 30 Jan 2019.
6 earlier events are in the company report.
Frequently asked questions
Well Spain Rubber is an active private limited company based in Rajkot, Gujarat, India. The company works in rubber and products, within the manufacturing industry. It was incorporated on 19 July 2013 (13+ years old) and is registered under CIN U25203GJ2013PTC076094.
Well Spain Rubber has 3 current directors:
- Vasantbhai Ranchhodbhai Shingala - Director
- Darpan Vasantbhai Shingala - Director
- Rasik Ranchhodbhai Shingala - Director
The latest financial statements of Well Spain Rubber 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 2015 are in the company report.
The GSTIN of Well Spain Rubber is 24AABCW4111G1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Well Spain Rubber is U25203GJ2013PTC076094. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Well Spain Rubber was incorporated on 19 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Well Spain Rubber by revenue are The Kuttanad Rubber Co Ltd, T K Rubber Industries Pvt Ltd, D.S.Techno Rubber Private Limited, Manu Treads Private Limited, all in the Manufacturing industry (Rubber), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Dharmesh Damjibhai Shingala ceased to be Director on 06 Feb 2024. Darpan Vasantbhai Shingala was appointed as Director on 04 Feb 2024. Rasik Ranchhodbhai Shingala was appointed as Director on 04 Feb 2024. Well Spain Rubber has 7 board changes on record in total.
Yes, Well Spain Rubber is registered as a micro enterprise under Udyam registration (number: UDYAM-GJ-20-0015637).
Well Spain Rubber can be reached through the website wellspainrubber.com. Its registered office is in Rajkot, Gujarat, India.
The registered office of Well Spain Rubber is at Plot No. 01 And 02 Survey No 142 Nr. Bapa Sitaram Temple Thordi Tal: Kota, Da Sangani, Rajkot, Gujarat, India – 360070.
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