About Welspun Financial Services Limited
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Welspun Financial Services Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Diameter Trading Private Limited. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 07 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65929MH2017PLC297033. Its GSTIN is 27AACCW0380Q1ZU (Maharashtra).
The company has an authorised share capital of ₹100 Cr and a paid-up capital of ₹98.5 Cr. It is led by directors including Mohan Kasiviswanathan Manikkan and Devendra Patil Krishna.
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 7th Floor Welspun House Kamala City Senapati Bapat Marg Lower Parel (West), Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2025, the company reported a revenue of ₹43.39 Cr, a decline of 26% compared to the previous year. For the same year it recorded a net profit of ₹9.31 Cr (net margin 21.5%) and EBITDA of ₹26.41 Cr (EBITDA margin 60.9%). Revenue has grown at a compounded annual rate (CAGR) of 491% over three years and 222% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹259 Cr on record.
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
Contact details
Welspun Financial Services Limited's registered office is in Mumbai, Maharashtra. Its website is welspun.com. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address7th Floor Welspun House Kamala City Senapati Bapat Marg Lower Parel (West), Mumbai, Maharashtra, India – 400013
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
To see the full contact details of Welspun Financial Services 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 Welspun Financial Services is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Welspun Financial Services Limited, buy the company report.
Financials of Welspun Financial Services Limited
FY 2025 filings availableWelspun Financial Services Limited reported revenue of ₹43.39 Cr (down 26% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 26% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 222%. EBITDA fell 53% 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 | ₹26.41 Cr | ||||
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| Net Profit (PAT) | ₹9.31 Cr | ||||
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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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| Profitability | |||||
| EBITDA Margin | 60.9% | ||||
| Net Profit Margin | 21.5% | ||||
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To see the full financial statements and ratios of Welspun Financial Services Limited, buy the company report.
Board of directors of Welspun Financial Services Limited
Welspun Financial Services has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohan Kasiviswanathan Manikkan Also directs: Welspun Home Textiles Limited, Texreal Private Limited, Welspun Bapl Private Limited and 5 more | Director | 07 Jul 2017 | 9 Years 3 Months | Current |
| Devendra Patil Krishna Also directs: Welspun Home Textiles Limited, Texreal Private Limited, Mundra Industrial & Business Parks Private Limited and 5 more | Director | 07 Jul 2017 | 9 Years 3 Months | Current |
| Sandeep Garg | Nominee Director | 27 Jul 2017 | 9 Years 3 Months | Current |
Peer comparison
Welspun Financial Services Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Rsecured Finance & Capital Private Limited | ₹44.34 Cr (FY 2025) | 67.0% | Hyderabad, Telangana, India | |||
| Bhadani Financers Pvt. Ltd. | ₹44.19 Cr (FY 2024) | -3.0% | Kolkata, West Bengal, India | |||
| Gujarat Industrial Investment Corporation Limited | ₹44.1 Cr (FY 2019) | -62.0% | Gandhinagar, Gujarat, India | |||
| Welspun Financial Services Limitedthis company | ₹43.39 Cr (FY 2025) | ₹9.31 Cr | 21.5% | -26.0% | 1 | Mumbai, Maharashtra, India |
| Orchid Finlease Private Limited | ₹43.03 Cr (FY 2025) | -5.0% | Guwahati, Assam, India | |||
| Fintree Finance Private Limited | ₹42.87 Cr (FY 2025) | 20.0% | Mumbai, Maharashtra, India | |||
| DBH Investment Capital India Private Limited | ₹42.86 Cr (FY 2019) | -25.0% | Mohali, Punjab, India |
To see the full peer comparison of Welspun Financial Services Limited, buy the company report.
Auditor
Welspun Financial Services Limited is audited by P. Y. S. & CO. LLP for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P. Y. S. & CO. LLP | FY 2021 | 012388S/S200048 |
Shareholding
The shareholding of Welspun Financial Services Limited is on record for 2 financial years, the latest being FY 2021, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Welspun Financial Services Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Mar 2023 | 100729915 | Others | ₹147 Cr | Satisfied | |
| 27 Jul 2022 | 100597732 | Others | ₹112 Cr | Satisfied |
To see the full charge records of Welspun Financial Services Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Welspun Financial Services 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 Welspun Financial Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Welspun Financial Services Limited has a workforce of 1 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Welspun Financial Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCW0380Q1ZU | Maharashtra | Active | 31 Aug 2017 |
To see the full GST registrations and return filing status of Welspun Financial Services Limited, buy the company report.
Recent activity
Welspun Financial Services Limited has 8 board changes on record since 2017: 4 appointments and 4 cessations. The latest: Tejas Kailash Jadhav was appointed as Company Secretary on 01 Sep 2022.
4 earlier events are in the company report.
News
Frequently asked questions
Welspun Financial Services is an active public limited company based in Mumbai, Maharashtra, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 07 July 2017 (9+ years old) and is registered under CIN U65929MH2017PLC297033.
Welspun Financial Services has 3 current directors:
- Mohan Kasiviswanathan Manikkan - Director
- Devendra Patil Krishna - Director
- Sandeep Garg - Nominee Director
The latest financial statements of Welspun Financial Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 September 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Welspun Financial Services is 27AACCW0380Q1ZU, registered in Maharashtra.
The CIN (Corporate Identification Number) of Welspun Financial Services is U65929MH2017PLC297033. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Welspun Financial Services was incorporated on 07 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Welspun Financial Services by revenue are Rsecured Finance & Capital Private Limited, Bhadani Financers Pvt. Ltd, Gujarat Industrial Investment Corporation Limited, Orchid Finlease Private Limited, Fintree Finance Private Limited and 1 more, all in the BFSI industry (NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Tejas Kailash Jadhav was appointed as Company Secretary on 01 Sep 2022. Rajesh Padmanabhan ceased to be Director on 02 Jun 2020. Sitaram Somani Damodardas ceased to be Director on 04 Jul 2019. Welspun Financial Services has 8 board changes on record in total.
Welspun Financial Services can be reached through the website welspun.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Welspun Financial Services is at 7th Floor Welspun House Kamala City Senapati Bapat Marg Lower Parel West, Mumbai, Maharashtra, India – 400013.
Welspun Financial Services operates in the financial services industry, in the investment and credit nbfc segment.
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