India's Richest People 2026 edition · 1 director · Source: Hurun India
- #1,750 Rajesh R Mandawewala ₹1,000 Cr
Revenue · FY 2025
₹525.99 Cr
▼ 9% YoY
Net profit · FY 2025
₹21.08 Cr
Net margin 4%
EBITDA · FY 2025
₹58.84 Cr
EBITDA margin 11.2%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹140 Cr
Secured borrowings
Company age
5 yrs
Est. 2021
Employees · EPFO
383
Provident fund records
About Welspun Bapl Private Limited
Data last updated:
Welspun Bapl Private Limited is a private limited company based in Anjar, Gujarat, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 12 July 2021 and has been in existence for over 5 years.
Its director Rajesh R Mandawewala is #1,750 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U27100GJ2021PTC124023. Its GSTIN is 29AAICT7253M1ZL (Karnataka). The company holds 6 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 was formerly known as Plastauto Private Limited and Tubular Pipes Private Limited. It is led by directors including Yashovardhan Agarwal (Managing Director) and Mohan Kasiviswanathan Manikkan.
Its last annual general meeting (AGM) was held on 01 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Survey No. 652/P1 Welspun City, Anjar, Gujarat, India – 370110.
As per the financials filed for FY 2025, the company reported a revenue of ₹525.99 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹21.08 Cr (net margin 4%) and EBITDA of ₹58.84 Cr (EBITDA margin 11.2%).
The company has about 383 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
As per MCA filings, the company has open charges of ₹140 Cr on record. Court records list 31 cases involving the company, including 21 filed by the company and 10 filed against it; 20 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in July 2021.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website welspun.com.
Company details
CIN U27100GJ2021PTC124023
Registration Number 124023
Incorporation Date 12 July 2021
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
Name history
Welspun Bapl has undergone 2 name changes throughout its history. The company was previously known as Plastauto Private Limited, and Tubular Pipes Private Limited. The current legal name is Welspun Bapl Private Limited.
| Company Name | Status |
|---|---|
| Welspun Bapl Private Limited | Current |
| Plastauto Private Limited | Previous |
| Tubular Pipes Private Limited | Previous |
Key People
Raju Govindarajalu Ceo Yashovardhan Agarwal Managing Director Mohan Kasiviswanathan Manikkan Director Recognitions & Rankings of Welspun Bapl
Contact details
Welspun Bapl Private Limited's registered office is in Anjar, Gujarat. Its website is welspun.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No. 652/P1 Welspun City, Anjar, Gujarat, India – 370110
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Welspun Bapl Private Limited, buy the company report.
Comprehensive company report
Welspun Bapl 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 Welspun Bapl 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 Welspun Bapl Private Limited, buy the company report.
Financials of Welspun Bapl Private Limited
FY 2025 filings availableWelspun Bapl Private Limited reported revenue of ₹525.99 Cr (down 9% YoY) for FY 2025.
Revenue · FY 2025
₹525.99 Cr ▼ 9%
Net profit · FY 2025
₹21.08 Cr margin 4%
EBITDA · FY 2025
₹58.84 Cr margin 11.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 9%
EBITDA CAGR growth
1 year
▼ 9%
Revenue fell 9% in the latest year. EBITDA fell 9% in the latest 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 |
|---|---|---|---|---|
| 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 | ₹58.84 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹21.08 Cr | |||
| 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 11.2% | |||
| Net Profit Margin | 4% | |||
| 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 Welspun Bapl Private Limited, buy the company report.
Board of directors and KMP of Welspun Bapl Private Limited
Welspun Bapl Private Limited currently reports 5 directors and 1 key managerial person. 5 former directors have served the organization.
Current Directors and KMP
Auditor
Welspun Bapl Private Limited is audited by T.P Ostwal & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T.P Ostwal & Associates LLP | FY 2023 | 124444W |
Shareholding
The shareholding of Welspun Bapl Private Limited is on record for 2 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Welspun Bapl Private Limited, buy the company report.
Charges & borrowings
Open charges
₹140 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Nov 2024 | 101014214 | Others | ₹45 Cr | Open | |
| 08 Sep 2023 | 100786426 | Others | ₹95 Cr | Open |
To see the full charge records of Welspun Bapl Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Welspun Bapl Private Limited has 1 deal on record (1 secondary share transfer); the latest was in July 2021.
Total deals
1
Secondary share transfer
1
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2021 | Secondary share transfer | Undisclosed | Buyer: Welspun Group Master Trust, Welspun Group Master Trust & Aryabhat Vyapar Private Limited Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Welspun Bapl Private Limited has 31 court cases on record: 21 filed by Welspun Bapl, 10 filed against it. 20 cases are pending and 11 are disposed.
Total cases
31
Filed by the company
21
Filed against the company
10
Pending
20
Disposed
11
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 27 | 7 | 16 |
| District courts | 4 | 3 | 4 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Writ petition | Filed against the company by Sintex Bapl Limited | Pending |
| District court, Krishnagiri, Tamil Nadu | Civil suit | Filed against the company | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against The State of Tamilnadu | Pending |
| District court, Nuh, Haryana | Civil suit | Filed against the company by individuals | Pending |
| District court, Nuh, Haryana | Civil suit | Filed against the company by individuals | Pending |
To see the full case history of Welspun Bapl 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 Welspun Bapl Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Welspun Bapl has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
1
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Bapl Rototech Private Limited | U25200GJ2015PTC084272 |
To see the full group structure of Welspun Bapl Private Limited, buy the company report.
Employees & EPFO
Welspun Bapl Private Limited has a workforce of 383 employees on its EPFO records as of May 2026, across 9 active EPFO establishments.
Employee count
383
Active EPFO establishments
9
Employee growth
-7.5%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 383 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Welspun Bapl Private Limited, buy the company report.
GST
Welspun Bapl has 6 GST registrations: 6 active. The first 4 active GSTINs are listed below.
Total GSTINs
6
Active
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICT7253M1ZL | Karnataka | Active | 17 Jun 2023 |
| 06AAICT7253M1ZT | Haryana | Active | 26 Jun 2023 |
| 27AAICT7253M1ZP | Maharashtra | Active | 30 Jun 2023 |
| 23AAICT7253M1ZX | Madhya Pradesh | Active | 05 Jul 2023 |
To see the full GST registrations and return filing status of Welspun Bapl Private Limited, buy the company report.
Recent activity
Welspun Bapl Private Limited has 11 board changes on record since 2021: 6 appointments and 5 cessations. The latest: Devendra Patil Krishna ceased to be Director on 09 Sep 2025.
Ceased
Devendra Patil Krishna ceased to be Director.
Appointed
Harish Chandra Gupta was appointed as Additional Director.
AGM
Welspun Bapl Private Limited last Annual general meeting of members was held on 01 Sep 2025 as per latest MCA records.
Filing
Welspun Bapl Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 4,500.00 Lakh with Charge ID 101014214 was registered on 21 Nov 2024.
Charges
A charge with Others of Rs. 9,500.00 Lakh registered on 08 Sep 2023 with Charge ID 100786426 was modified on 19 Oct 2023.
Charges
A charge with Others amounted to Rs. 9,500.00 Lakh with Charge ID 100786426 was registered on 08 Sep 2023.
Ceased
Raju Govindarajalu ceased to be Additional Director.
Ceased
Rajesh Rameshkumar Mandawewala ceased to be Additional Director.
Ceased
Viswanathan Hariharan Kollengode ceased to be Additional Director.
Ceased
Yashovardhan Agarwal ceased to be Additional Director.
Appointed
Raju Govindarajalu was appointed as CEO.
5 earlier events are in the company report.
News
Frequently asked questions
Welspun Bapl is an active private limited company based in Anjar, Gujarat, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 12 July 2021 (5+ years old) and is registered under CIN U27100GJ2021PTC124023.
Welspun Bapl has 6 current directors and KMP:
- Yashovardhan Agarwal - Managing Director
- Mohan Kasiviswanathan Manikkan - Director
- Rajesh Rameshkumar Mandawewala - Director
- Harish Chandra Gupta - Additional Director
- Viswanathan Hariharan Kollengode - Director
- Raju Govindarajalu - Ceo
The latest financial statements of Welspun Bapl on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 September 2025. Year-wise statements from FY 2022 are in the company report.
The GSTIN of Welspun Bapl is 29AAICT7253M1ZL, registered in Karnataka. The company has 6 GST registrations in all, of which 6 are active. Other active GSTINs include 06AAICT7253M1ZT (Haryana), 27AAICT7253M1ZP (Maharashtra), 23AAICT7253M1ZX (Madhya Pradesh).
The CIN (Corporate Identification Number) of Welspun Bapl is U27100GJ2021PTC124023. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Welspun Bapl has 31 court cases on record: 21 filed by the company and 10 filed against it. 20 are pending. Most are in the high courts.
Welspun Bapl was incorporated on 12 July 2021, making it 5+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Welspun Bapl has 1 deal on record (1 secondary share transfer); the latest was in July 2021.
Devendra Patil Krishna ceased to be Director on 09 Sep 2025. Harish Chandra Gupta was appointed as Additional Director on 09 Sep 2025. Raju Govindarajalu ceased to be Additional Director on 24 Aug 2023. Welspun Bapl has 11 board changes on record in total.
Welspun Bapl can be reached through the website welspun.com. Its registered office is in Anjar, Gujarat, India.
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