About Welspun Flooring Limited
Data last updated:
Welspun Flooring Limited was a public limited company based in Hyderabad, Telangana, India, operated as a subsidiary of Welspun Living Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 01 March 2016.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U17291TG2016PLC132327. Its GSTIN is 36AABCW7925Q1ZJ (Telangana). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹250 Cr and a paid-up capital of ₹65 Cr. It was led by directors including Utpal Narayan Haldar (Whole-Time Director) and Rajesh Rameshkumar Mandawewala.
Its last annual general meeting (AGM) was held on 12 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Hyderabad, Telangana.
As per the financials filed for FY 2023, the company reported a revenue of ₹652.33 Cr, a decline of 8% compared to the previous year. For the same year it recorded a net loss of ₹29.52 Cr (net margin -4.5%) and EBITDA of ₹55 Cr (EBITDA margin 8.4%). Revenue has grown at a compounded annual rate (CAGR) of 128% over three years.
The company had about 1,164 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Welspun Flooring. As per MCA filings, the company had satisfied charges of ₹930 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 2 cases are pending. The company has 6 deals on record (3 funding rounds, 3 debt financings), with disclosed funding of ₹739.09 Cr; the latest was in April 2022. The company has 9 MSME Form 1 returns on record between 2020 and 2023, listing 245 overdue payments to 110 micro and small suppliers.
The last known website on record is welspunflooring.com.
Company details
CIN history
Welspun Flooring has one previous CIN (Corporate Identification Number): U17291GJ2016PLC086292. The current CIN is U17291TG2016PLC132327, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17291TG2016PLC132327 | Current |
| U17291GJ2016PLC086292 | Previous |
Contact details
Welspun Flooring Limited's registered office is in Hyderabad, Telangana. Its website is welspunflooring.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address5 – 10 – 197/ Abc Flat No. G5 Reliance Krishna, Hill Fort Road India, Hyderabad, Telangana, India – 500004
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
To see the full contact details of Welspun Flooring 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
Brands
Welspun Flooring operates one associated brand: Welspun Flooring. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures tiles, carpets, and sustainable flooring for residential and business applications. | welspunflooring.com |
Business activity
The main business activity of Welspun Flooring is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Welspun Flooring Limited, buy the company report.
Financials of Welspun Flooring Limited
FY 2023 filings availableWelspun Flooring Limited reported revenue of ₹652.33 Cr (down 8% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 8% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 128%. EBITDA fell 56% 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 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹652.33 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹55 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹29.52 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.4% | ||||
| Net Profit Margin | -4.5% | ||||
| 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 Flooring Limited, buy the company report.
Board of directors and KMP of Welspun Flooring Limited
Welspun Flooring Limited currently reports 7 directors and 1 key managerial person. 10 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Rameshkumar Mandawewala Also directs: Welspun Real Estate Ventures LLP, DBG Multiventures LLP, Welspun Living Limited and 5 more | Director | 22 May 2019 | 7 Years 5 Months | As last reported |
| Dipali Balkrishan Goenka Also directs: Welspun Living Limited, DBG Estates Holdings LLP, New Delhi Television Limited and 5 more | Director | 01 Mar 2016 | 10 Years 8 Months | As last reported |
| Pradeep Narendra Poddar Also directs: Flex Foods Limited, Sampre Nutritions Limited | Director | 18 Jan 2017 | 9 Years 9 Months | As last reported |
| Saurabh Kumar Shailesh Kumar Jain | Cfo | 25 Apr 2023 | 3 Years 6 Months | As last reported |
| Utpal Narayan Haldar | Whole-Time Director | 15 May 2023 | 3 Years 5 Months | As last reported |
| Sanjay Gupta Also directs: SNG Diagnostics & Medical Centre Private Limited | Director | 26 Jul 2021 | 5 Years 3 Months | As last reported |
Auditor
Welspun Flooring Limited is audited by SRBC & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SRBC & CO LLP | FY 2023 | 324982E/E300003 |
Shareholding
The shareholding of Welspun Flooring 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 Welspun Flooring Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jul 2020 | 100364596 | Others | ₹75 Cr | Satisfied | |
| 30 Apr 2019 | 100260934 | Hdfc Bank Limited | ₹50 Cr | Satisfied | |
| 08 Sep 2017 | 100121426 | Others | ₹605 Cr | Satisfied | |
| 19 Jul 2017 | 100116273 | Others | ₹200 Cr | Satisfied |
To see the full charge records of Welspun Flooring Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Welspun Flooring Limited has 6 deals on record (3 funding rounds, 3 debt financings), with disclosed funding of ₹739.09 Cr; the latest was in April 2022.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Debt financing | ₹14 Cr | Investors: Welspun India Limited |
| Dec 2020 | Debt financing | ₹217.34 Cr | Investors: Welspun India Limited |
| Aug 2019 | Debt financing | ₹235.55 Cr | Investors: Welspun India Limited |
| Feb 2019 | Funding round | ₹60.1 Cr | Investors: Welspun India Limited |
| May 2018 | Funding round | ₹208.68 Cr | Investors: Welspun India Limited |
To see the full deal history of Welspun Flooring Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Welspun Flooring Limited has 4 court cases on record: 3 filed by Welspun Flooring, 1 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 2 |
| NCLT | 2 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Rangareddy, Telangana | Court case (STC-NI) | Filed by the company against an individual | Pending |
| District court, Panipat, Haryana | Civil suit | Filed against the company by Santosh Engineering Construction Company | Pending |
| NCLT, Hyderabad | Court case (C.A.(CAA)) | Filed by the company | Disposed |
| NCLT, Hyderabad | Court case (C.P.(CAA)) | Filed by the company | Disposed |
To see the full case history of Welspun Flooring 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.
Credit ratings & regulatory alerts
Welspun Flooring Limited was last rated by Care on 07 Jan 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 07 Jan 2022 |
To see the full credit ratings and regulatory alerts of Welspun Flooring Limited, buy the company report.
MSME payment delays
Welspun Flooring Limited has 9 MSME Form 1 returns on record between 2020 and 2023, listing 245 overdue payments to 110 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 110)
To see the full MSME payment records of Welspun Flooring Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Welspun Flooring Limited has a workforce of 1,164 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
GST
Welspun Flooring has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AABCW7925Q1ZJ | Telangana | Active | 23 Mar 2018 |
| 24AABCW7925Q1ZO | Gujarat | Active | 02 Aug 2017 |
To see the full GST registrations and return filing status of Welspun Flooring Limited, buy the company report.
Recent activity
Welspun Flooring Limited has 16 board changes on record since 2016: 8 appointments and 8 cessations. The latest: Utpal Narayan Haldar ceased to be Additional Director on 11 Sep 2023.
16 earlier events are in the company report.
News
Frequently asked questions
Welspun Flooring has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Welspun Flooring was a public limited company based in Hyderabad, Telangana, India. The company worked in sanitaryware and tile, within the manufacturing industry. It was incorporated on 01 March 2016 and is registered under CIN U17291TG2016PLC132327. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Welspun Flooring was incorporated on 01 March 2016. It is registered with the Registrar of Companies, Hyderabad.
Welspun Flooring had 8 directors and KMP:
- Utpal Narayan Haldar - Whole-Time Director
- Rajesh Rameshkumar Mandawewala - Director
- Dipali Balkrishan Goenka - Director
- Pradeep Narendra Poddar - Director
- Sanjay Gupta - Director
- Altaf A Jiwani - Director
- Viswanathan Hariharan Kollengode - Director
- Saurabh Kumar Shailesh Kumar Jain - Cfo
The CIN (Corporate Identification Number) of Welspun Flooring is U17291TG2016PLC132327. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Welspun Flooring is at 5 – 10 – 197 Abc Flat No. G5 Reliance Krishna, Hill Fort Road India, Hyderabad, Telangana, India – 500004.
Welspun Flooring can be reached through the website welspunflooring.com. Its registered office is in Hyderabad, Telangana, India.
The latest financial statements of Welspun Flooring on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 12 September 2023. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Welspun Flooring is 36AABCW7925Q1ZJ, registered in Telangana. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AABCW7925Q1ZO (Gujarat).
Welspun Flooring operated in the manufacturing industry, in the sanitaryware and tile segment.
Welspun Flooring has 6 deals on record (3 funding rounds, 3 debt financings), with disclosed funding of ₹739.09 Cr; the latest was in April 2022.
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