MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-KL-02-0019102
Wellspring Steels Private Limited - metals and minerals in Ernakulam, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹61.99 Cr
▼ 24% YoY
Net loss · FY 2023
₹92,892
Net margin 0%
EBITDA · FY 2023
₹4.19 Lakh
EBITDA margin 0.1%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹14 Lakh
Secured borrowings
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
About Wellspring Steels Private Limited
Data last updated:
Wellspring Steels Private Limited is a private limited company based in Ernakulam, Kerala, India. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 08 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U27320KL2019PTC057544. Its GSTIN is 32AACCW4081A1ZU (Kerala). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Puthenveettil Rajagopalan Teju and Vini Teju.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 30/1189 A Vyttila Junction Vyttila P.O, Ernakulam, Kerala, India – 682019.
As per the financials filed for FY 2023, the company reported a revenue of ₹61.99 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net loss of ₹92,892 (net margin 0%) and EBITDA of ₹4.19 Lakh (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 346% over three years.
As per MCA filings, the company has open charges of ₹14 Lakh on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it.
Wellspring Steels Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-02-0019102). For more details, the company can be reached via its website wellspringsteels.com.
Company details
CIN U27320KL2019PTC057544
Registration Number 057544
Incorporation Date 08 April 2019
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
MSME Classification Medium
Udyam Registration UDYAM-KL-02-0019102
Recognitions & Rankings of Wellspring Steels
Contact details
Wellspring Steels Private Limited's registered office is in Ernakulam, Kerala. Its website is wellspringsteels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address30/1189 A Vyttila Junction Vyttila P.O, Ernakulam, Kerala, India – 682019
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Wellspring Steels Private Limited, buy the company report.
Comprehensive company report
Wellspring Steels 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 Wellspring 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 Wellspring Steels Private Limited, buy the company report.
Financials of Wellspring Steels Private Limited
FY 2023 filings availableWellspring Steels Private Limited reported revenue of ₹61.99 Cr (down 24% YoY) for FY 2023.
Revenue · FY 2023
₹61.99 Cr ▼ 24%
Net loss · FY 2023
₹92,892 margin 0%
EBITDA · FY 2023
₹4.19 Lakh margin 0.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 24%
3 years · compounded
▲ 346%
EBITDA CAGR growth
1 year
▼ 85%
3 years · compounded
▲ 11%
Revenue fell 24% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 346%. EBITDA fell 85% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹61.99 Cr | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹4.19 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹92,892 | |||
| 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 0.1% | |||
| Net Profit Margin | 0% | |||
| 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 Wellspring Steels Private Limited, buy the company report.
Board of directors of Wellspring Steels Private Limited
Wellspring Steels has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Puthenveettil Rajagopalan Teju Also directs: Wellspring Structural Engineering Private Limited | Director | 08 Apr 2019 | 7 Years 6 Months | Current |
| Vini Teju Also directs: Wellspring Structural Engineering Private Limited | Director | 08 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
Wellspring Steels Private Limited is compared with the 4 companies closest to it by revenue in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jai Mateshwari Steels Private Limited | ₹62.22 Cr (FY 2022) | -8.0% | Ghaziabad, Uttar Pradesh, India | |||
| Poure Inox Private Limited | ₹62.08 Cr (FY 2025) | 12.0% | Ahmedabad, Gujarat, India | |||
| Wellspring Steels Private Limitedthis company | ₹61.99 Cr (FY 2023) | -₹92,892 | 0% | -24.0% | Ernakulam, Kerala, India | |
| Shivkrupa Fabricon Limited | ₹61.98 Cr (FY 2025) | 6.0% | Ahmedabad, Gujarat, India | |||
| Galeno Metallics Private Limited | ₹61.83 Cr (FY 2025) | 35.0% | Byrnihat, Meghalaya, India |
To see the full peer comparison of Wellspring Steels Private Limited, buy the company report.
Auditor
Wellspring Steels Private Limited is audited by S KUMAR AND KUMAR for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S KUMAR AND KUMAR | FY 2023 | 001597S |
Shareholding
The shareholding of Wellspring Steels Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Wellspring Steels Private Limited, buy the company report.
Charges & borrowings
Open charges
₹14 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jul 2021 | 100464265 | Axis Bank Limited | ₹14 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Wellspring Steels Private Limited has 3 court cases on record: 1 filed by Wellspring Steels, 2 filed against it. All cases are disposed.
Total cases
3
Filed by the company
1
Filed against the company
2
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Court case (MC) | Filed against the company by The South Indian Bank Ltd | Disposed |
| District court, Ernakulam, Kerala | Court case (MC) | Filed against the company by The South Indian Bank Ltd | Disposed |
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Wellspring Steels 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 Wellspring Steels Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Wellspring Steels has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AACCW4081A1ZU | Kerala | Active | 21 Feb 2020 |
| 33AACCW4081A1ZS | Tamil Nadu | Active | 05 Mar 2020 |
To see the full GST registrations and return filing status of Wellspring Steels Private Limited, buy the company report.
Recent activity
Wellspring Steels Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Puthenveettil Rajagopalan Teju was appointed as Director on 08 Apr 2019.
AGM
Wellspring Steels Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Wellspring Steels Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Ernakulam.
Charges
A charge with Axis Bank Limited amounted to Rs. 14.00 Lakh with Charge ID 100464265 was registered on 08 Jul 2021.
Appointed
Puthenveettil Rajagopalan Teju was appointed as Director.
Appointed
Vini Teju was appointed as Director.
Incorporation
08 Apr 2019
Wellspring Steels Private Limited was registered on 08 Apr 2019 with Roc Ernakulam & aged 7 years 6 months as per MCA records.
Frequently asked questions
Wellspring Steels is an active private limited company based in Ernakulam, Kerala, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 08 April 2019 (7+ years old) and is registered under CIN U27320KL2019PTC057544.
Wellspring Steels has 2 current directors:
- Puthenveettil Rajagopalan Teju - Director
- Vini Teju - Director
The latest financial statements of Wellspring Steels on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Wellspring Steels is 32AACCW4081A1ZU, registered in Kerala. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AACCW4081A1ZS (Tamil Nadu).
The CIN (Corporate Identification Number) of Wellspring Steels is U27320KL2019PTC057544. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wellspring Steels has 3 court cases on record: 1 filed by the company and 2 filed against it.
Wellspring Steels was incorporated on 08 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Wellspring Steels by revenue are Jai Mateshwari Steels Private Limited, Poure Inox Private Limited, Shivkrupa Fabricon Limited, Galeno Metallics Private Limited, all in the Metals and Minerals industry (Steel), with the same principal business activity (metal and metal products).
Puthenveettil Rajagopalan Teju was appointed as Director on 08 Apr 2019. Vini Teju was appointed as Director on 08 Apr 2019.
Yes, Wellspring Steels is registered as a medium enterprise under Udyam registration (number: UDYAM-KL-02-0019102).
Wellspring Steels can be reached through the website wellspringsteels.com. Its registered office is in Ernakulam, Kerala, India.
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