About Welspun India Limited
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Welspun India Limited was a public limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the home furnishings manufacturing segment of the consumer goods sector. It was incorporated on 17 January 1985.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1985PLC035092. Its GSTIN is 27AAACW1259N1ZY (Maharashtra). The company held 7 GST registrations, of which 6 are active.
The company had an authorised share capital of ₹90 Cr.
The registered office was at 604 Dalamal House J. Bajaj Road Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2021, the company reported a revenue of ₹7,407.95 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹398.19 Cr (net margin 5.4%) and EBITDA of ₹1,167.2 Cr (EBITDA margin 15.8%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years.
The company had about 6,934 employees on its provident fund (EPFO) records before it was struck off.
The company was associated with 3 brands: Welspun Towels, Welspun Group and Welspun Living. Court records list 150 cases involving the company, including 39 filed by the company and 111 filed against it; 30 cases are pending.
The last known website on record is welspunindia.com.
Company details
CIN history
Welspun India has one previous CIN (Corporate Identification Number): U99999MH1985PTC035092. The current CIN is U99999MH1985PLC035092, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999MH1985PLC035092 | Current |
| U99999MH1985PTC035092 | Previous |
Contact details
Welspun India Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered Address604 Dalamal House J. Bajaj Road Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryConsumer Goods, Home Furnishings Manufacturing
- 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 India operates multiple associated brands including Welspun Towels, Welspun Group, and Welspun Living. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Home textiles are manufactured and branded by Welspun. | welspuntowels.com | |
| Manufacturer of pipes, plates & coils, and home textile products | welspun.com | |
| Textile manufacturing is conducted by Welspun in India. | welspunindia.com |
Financials of Welspun India Limited
Welspun India Limited reported revenue of ₹7,407.95 Cr (up 8% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over three years, including 8% growth in the latest year. EBITDA rose 1% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
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| EBITDA | ₹1,167.2 Cr | ||||
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| Net Profit (PAT) | ₹398.19 Cr | ||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 15.8% | ||||
| Net Profit Margin | 5.4% | ||||
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To see the full financial statements and ratios of Welspun India Limited, buy the company report.
Board of directors of Welspun India Limited
No directors are listed for Welspun India in the MCA records available to us.
Legal cases
Welspun India Limited has 150 court cases on record: 39 filed by Welspun India, 111 filed against it. 30 cases are pending and 120 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 70 | 61 | 14 |
| High courts | 70 | 42 | 13 |
| Supreme Court | 8 | 8 | 3 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 150)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court for State of Telangana | Writ petition | Filed against the company by Capricorn Blenders Private Ltd and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Idbi Bank Ltd and Anr. | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against Golden Jubilee Hotels Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed by the company against Golden Jubilee Hotels Limited | Pending |
| District court, kachchh at Bhuj, Gujarat | Court case (SMST R) | Filed against the company by Mundhra Container Freight Station Private Limited Through Mr. Sanjay Singh | Disposed |
To see the full case history of Welspun India 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 India Limited was last rated by Care on 06 Apr 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 06 Apr 2022 |
To see the full credit ratings and regulatory alerts of Welspun India Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Welspun India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Welspun India has 7 GST registrations: 6 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW1259N1ZY | Maharashtra | Active | 01 Jul 2017 |
| 27AAACW1259N2ZX | Maharashtra | Active | 02 Aug 2017 |
| 24AAACW1259N1Z4 | Gujarat | Active | 01 Jul 2017 |
| 24AAACW1259N2Z3 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Welspun India Limited, buy the company report.
Recent activity
News
From our blog
- Top 6 Textile Companies in India in 202017 Sep 2020
Frequently asked questions
Welspun India has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Welspun India was a public limited company based in Mumbai, Maharashtra, India. The company worked in home furnishings manufacturing, within the consumer goods industry. It was incorporated on 17 January 1985 and is registered under CIN U99999MH1985PLC035092. The company has been struck off by the Registrar of Companies and is no longer operational.
The CIN (Corporate Identification Number) of Welspun India is U99999MH1985PLC035092. 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 India is at 604 Dalamal House J. Bajaj Road Nariman Point, Mumbai, Maharashtra, India – 400021.
Welspun India was incorporated on 17 January 1985. It is registered with the Registrar of Companies, Mumbai.
Welspun India can be reached through the website welspunindia.com. Its registered office is in Mumbai, Maharashtra, India.
The GSTIN of Welspun India is 27AAACW1259N1ZY, registered in Maharashtra. The company has 7 GST registrations in all, of which 6 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACW1259N2ZX (Maharashtra), 24AAACW1259N1Z4 (Gujarat), 24AAACW1259N2Z3 (Gujarat).
Welspun India operated in the consumer goods industry, in the home furnishings manufacturing segment. It worked in this industry before it was struck off.
Welspun India has 150 court cases on record: 39 filed by the company and 111 filed against it. 30 are pending. Most are in the district courts.
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