Welnet Polymers Private Limited
About Welnet Polymers Private Limited
Data last updated:
Welnet Polymers Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the plastic-based products segment of the manufacturing sector. It was incorporated on 18 March 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24139KA2008PTC045662. Its GSTIN is 29AAACW7682D1Z0 (Karnataka).
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹57 Lakh. It is led by directors including Bimla Devi Ramsisaria and Rekha Ravish Kamath.
Its last annual general meeting (AGM) was held on 02 August 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Flat No 83 Dadlani'S Mansion 3rd Floor Site No. 69 Kh Road, Bangalore, Karnataka, India – 560027.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.06 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹6,924 (net margin 0%) and EBITDA of ₹8,983 (EBITDA margin 0%). Revenue has grown at a compounded annual rate (CAGR) of 603% over three years and 204% over five years.
As per MCA filings, the company has open charges of ₹28 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Welnet Polymers Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat No 83 Dadlani'S Mansion 3rd Floor Site No. 69 Kh Road, Bangalore, Karnataka, India – 560027
- IndustryManufacturing, Plastic-Based Products
To see the full contact details of Welnet Polymers 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
Business activity
The main business activity of Welnet Polymers is manufacturing. In detail, this covers manufacture of rubber and plastics products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 22 | Manufacture of rubber and plastics products |
To see the full business activity and turnover split of Welnet Polymers Private Limited, buy the company report.
Financials of Welnet Polymers Private Limited
FY 2025 filings availableWelnet Polymers Private Limited reported revenue of ₹4.06 Cr (up 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 204% over five years, including 12% growth in the latest year. EBITDA fell 94% 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 |
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| EBITDA | ₹8,983 | ||||
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| Net Profit (PAT) | ₹6,924 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 0% | ||||
| Net Profit Margin | 0% | ||||
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To see the full financial statements and ratios of Welnet Polymers Private Limited, buy the company report.
Board of directors of Welnet Polymers Private Limited
Welnet Polymers has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bimla Devi Ramsisaria Also directs: Ramsisaria Brothers LLP, Surpujita Commercial Private Limited, Swastidaya Commercial Private Limited and 5 more | Director | 08 Dec 2021 | 4 Years 11 Months | Current |
| Rekha Ravish Kamath Also directs: Topsack Packaging Private Limited, Big Bags International Private Limited, Topsack Exports Private Limited and 3 more | Director | 14 May 2009 | 17 Years 5 Months | Current |
| Aditi Tekriwal Also directs: Tek Enterprises Private Limited, Rukmani Polymers Private Limited | Director | 14 May 2009 | 17 Years 5 Months | Current |
Auditor
Welnet Polymers Private Limited is audited by CA Ushakiran Shenoy H for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CA Ushakiran Shenoy H | FY 2024 | 219611 |
Shareholding
The shareholding of Welnet Polymers 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 Welnet Polymers Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Apr 2025 | 101094868 | Hdfc Bank Limited | ₹28 Cr | Open |
To see the full charge records of Welnet Polymers Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Welnet Polymers Private Limited has 1 court case on record: 1 filed by Welnet Polymers. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against State of Karnataka | Disposed |
To see the full case history of Welnet Polymers 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 Welnet Polymers Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Welnet Polymers has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACW7682D1Z0 | Karnataka | Active | 28 Feb 2023 |
To see the full GST registrations and return filing status of Welnet Polymers Private Limited, buy the company report.
Recent activity
Welnet Polymers Private Limited has 6 board changes on record since 2009: 3 appointments and 3 cessations. The latest: Bimla Devi Ramsisaria ceased to be Additional Director on 28 Jul 2022.
Frequently asked questions
Welnet Polymers is an active private limited company based in Bangalore, Karnataka, India. The company works in plastic-based products, within the manufacturing industry. It was incorporated on 18 March 2008 (18+ years old) and is registered under CIN U24139KA2008PTC045662.
Welnet Polymers has 3 current directors:
- Bimla Devi Ramsisaria - Director
- Rekha Ravish Kamath - Director
- Aditi Tekriwal - Director
The latest financial statements of Welnet Polymers on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 02 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Welnet Polymers is 29AAACW7682D1Z0, registered in Karnataka.
The CIN (Corporate Identification Number) of Welnet Polymers is U24139KA2008PTC045662. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Welnet Polymers has 1 court case on record: 1 filed by the company.
Welnet Polymers was incorporated on 18 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Bangalore.
Bimla Devi Ramsisaria ceased to be Additional Director on 28 Jul 2022. Bimla Devi Ramsisaria was appointed as Director on 08 Dec 2021. Suresh Kumar Ramsisaria ceased to be Director on 15 May 2009. Welnet Polymers has 6 board changes on record in total.
The registered office of Welnet Polymers is at Flat No 83 DadlaniS Mansion 3rd Floor Site No. 69 Kh Road, Bangalore, Karnataka, India – 560027.
Welnet Polymers operates in the manufacturing industry, in the plastic-based products segment.
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