Welspun Michigan Engineers Limited - Company Profile

It is a infrastructure and utilities public limited company based in Mumbai, Maharashtra, India, established in 1973.
1973 Mumbai, Maharashtra, India Active
Last Updated:
Access Report
About Welspun Michigan Engineers Limited

Welspun Michigan Engineers Limited, a active public limited company, was established on 01 May 1973 in Mumbai, Maharashtra, India. Engaging in general construction services within the construction sector, it holds CIN: U45300MH1973PLC016515. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹15.00 Cr and a paid-up capital of ₹1.74 Cr.

Formerly known as Michigan Engineers Ltd, Michigan Engineers Pvt Ltd. It upholds a compliant status. Employing 197 professional, Its leadership includes Rajesh Rameshkumar Mandawewala (Director), Abhishek Chaudhary (Director), Ashish Gupta (Director). Past directors included Rajesh Rameshkumar Mandawewala, Ramasubramanian Kuppusubramanian, Akhil Jindal. It holds ₹395.44 Cr open charges and ₹152.86 Cr settled loans. Its latest AGM occurred on 13 August 2025, with the balance sheet filed on 31 March 2025. It is based at 7Th Floor, Welspun House, Kamala City,, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013, Mumbai, Maharashtra, 400013.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U45300MH1973PLC016515

  • Registration Number

    016515

  • Incorporation Date

    01 May 1973

  • Authorized Capital

    ₹15.00 Cr

  • Paid-Up Capital

    ₹1.74 Cr

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 15.00 Cr
  • Paid Up Capital ₹ 1.74 Cr
  • Company Age 52 Year, 9 Months
  • Last Filing with ROC 31 Mar 2025
  • Open Charges ₹ 395.44 Cr
  • Satisfied Charges ₹ 152.86 Cr
  • Revenue Growth **** 61.81%
  • Profit Growth **** 275.26%
  • Ebitda **** 49.81%
  • Net Worth 33.49%
  • Total Assets **** 40.29%
Company report

Welspun Michigan Engineers Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Welspun Michigan Engineers Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report
Who are the key members and board of directors at Welspun Michigan Engineers Limited?
Current Directors
Name Designation Appointment Date Status
Rajesh Rameshkumar Mandawewala Director 21 Aug 2023 Current
Abhishek Chaudhary Director 28 Jan 2025 Current
Ashish Gupta Director 23 Jul 2024 Current
Aditya Vikram Harlalka Director 29 Jan 2024 Current
Saurin Manubhai Patel Managing Director 16 Dec 2019 Current
Mala Arun Todarwal Director 15 Feb 2024 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 21 Aug 2023 Past
Pramod Abcsdd Additional Director 24 May 2023 Past
Pramod Abcsdd Additional Director 21 Aug 2023 Past
Pramod Abcsdd Additional Director 30 Mar 2025 Past
Pramod Abcsdd Nominee Director 21 Aug 2023 Past
Pramod Abcsdd Additional Director 23 Sep 2024 Past

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Welspun Michigan Engineers.

Welspun Michigan Engineers Limited, for the financial year ended 2025, experienced significant growth in revenue, with a 61.81% increase. The company also saw a substantial improvement in profitability, with a 275.26% increase in profit. The company's net worth Soared by an impressive increase of 33.49%.

Welspun Michigan Engineers revenue growth over time
Welspun Michigan Engineers profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
********
 61.81%
*******
*******
*******
*******
Revenue from Operations
*******
 62.91%
*******
*******
*******
*******
Total Assets
*******
 40.29%
*******
*******
*******
*******
Profit or Loss
*******
 275.26%
*******
*******
*******
*******
Net Worth
*******
 33.49%
*******
*******
*******
*******
EBITDA
*******
 49.81%
*******
*******
*******
*******

Discover detailed financial data and - Unlock financial today!

What is the Ownership and Shareholding Structure of Welspun Michigan Engineers?

In 2024, Welspun Michigan Engineers had a promoter holding of 64.10% and a public holding of 35.90%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

Reveal ownership structures and financial performance - Get instant access now!

Charges (Loans)
Open Charges

₹3,954,437,473.00

Satisfied Charges

₹1,528,637,535.00

Charges Breakdown by Lending Institutions
  • Yes Bank Limited : 240.00 Cr
  • Axis Bank Limited : 154.54 Cr
  • Others : 0.90 Cr
Latest Charge Details
Date Lender Amount Status
26 Jun 2024 Axis Bank Limited ₹14.89 Cr Open
23 Nov 2023 Others ₹8.49 M Open
28 Aug 2023 Axis Bank Limited ₹20.00 Cr Open
18 Dec 2021 Axis Bank Limited ₹1.60 Cr Open
17 Jun 2020 Axis Bank Limited ₹8.05 Cr Open

Explore comprehensive loan charge details -

How Many Employees Work at Welspun Michigan Engineers?

Welspun Michigan Engineers has a workforce of 197 employees as of Jan 23, 2026. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Welspun Michigan Engineers, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Welspun Michigan Engineers's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Explore deal ratings and alerts - Get instant access now!

Latest Updates, News, and FAQs on Welspun Michigan Engineers
Recent Activity within the Organization
  • Charges

    A charge with Yes Bank Limited of Rs. 240.00 Cr registered on 22 Dec 2007 with Charge ID 10147087 was modified on 15 Dec 2025. was recorded as a recent event.

  • Charges

    A charge registered on 09 Oct 2023 via Charge ID 100812815 with Others was fully satisfied on 09 Dec 2025. was recorded as a recent event.

  • Charges

    A charge registered on 28 Sep 2023 via Charge ID 100796836 with Others was fully satisfied on 19 Oct 2025. was recorded as a recent event.

  • Director Appointment

    Hardik Vinay Dhebar was appointed as a Cfo was appointed as a Cfo on 17 Oct 2025 & has been associated with this company since 4 months 6 days . was recorded as a recent event.

  • Charges

    Progress on A charge registered on 05 Sep 2023 via Charge ID 100791867 with Others was fully satisfied on 01 Oct 2025. was documented.

  • Charges

    A charge registered on 04 Sep 2018 via Charge ID 100233681 with Others was fully satisfied on 26 Sep 2025. was recorded as a recent event.

Explore recent activity and updates - View Recent Activity

Frequently Asked Questions
What is the CIN of Welspun Michigan Engineers Limited?

The CIN of Welspun Michigan Engineers Limited is U45300MH1973PLC016515.

Where is Welspun Michigan Engineers Limited headquartered?

Welspun Michigan Engineers Limited is headquartered at 7Th Floor, Welspun House, Kamala City,, Senapati Bapat Marg, Lower Parel (West), Mumbai 400013, Mumbai, Maharashtra, 400013.

When was Welspun Michigan Engineers Limited incorporated?

Welspun Michigan Engineers Limited was incorporated on 01 May 1973.

Who are the current directors of Welspun Michigan Engineers Limited?

The current directors of Welspun Michigan Engineers Limited are

What is the primary industry of Welspun Michigan Engineers Limited?

The primary industry of Welspun Michigan Engineers Limited is Construction.

Is Welspun Michigan Engineers Limited a listed company?

Welspun Michigan Engineers Limited is unlisted.

What is the capital structure of Welspun Michigan Engineers Limited?

The authorized capital of Welspun Michigan Engineers Limited is ₹15.00 Cr, and the paid-up capital is ₹1.74 Cr.

What is the compliance status of Welspun Michigan Engineers Limited?

The compliance status of Welspun Michigan Engineers Limited is Compliant.

Explore millions of companies — effortlessly

Access structured, verified intelligence on 7M+ companies across industries, sectors, and global markets. From early-stage startups to large enterprises, discover ownership, leadership, funding, financials, acquisitions, and market signals — all in one powerful platform.

Free account with essential features Instant access to company reports Enterprise solutions available