MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-19-0045245
Welspun One Private Limited - transport and logistics in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹82.43 Cr
▼ 36% YoY
Net profit · FY 2026
₹9.6 Cr
Net margin 11.6%
EBITDA · FY 2026
₹22.28 Cr
EBITDA margin 27%
Authorised capital
₹48.5 Cr
Registered with MCA
Paid-up capital
₹32.43 Cr
Issued & subscribed
Open charges
₹50 Cr
Secured borrowings
Company age
7 yrs
Est. 2019
Employees · EPFO
8
Provident fund records
About Welspun One Private Limited
Data last updated:
Welspun One Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the cold storage and warehousing services segment of the transport and logistics sector. It was incorporated on 19 June 2019 and has been in existence for over 7 years.
Its director Balkrishan Goenka is #56 among India's richest people (2026). Its director Rajesh R Mandawewala is #1,750 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH2019PTC326946. Its GSTIN is 27AACCO9614R1ZP (Maharashtra).
The company has an authorised share capital of ₹48.5 Cr and a paid-up capital of ₹32.43 Cr. It was formerly known as Welspun One Logistics & Industrial Parks Private Limited and One Industrial Spaces Private Limited. It is led by directors including Balkrishan Gopiram Goenka and Rajesh Mandawewala.
Its last annual general meeting (AGM) was held on 30 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Welspun House Kamala Mills Compound Lower Parel, Mumbai, Maharashtra, India – 400013.
As per the financials filed for FY 2026, the company reported a revenue of ₹82.43 Cr, a decline of 36% compared to the previous year. For the same year it recorded a net profit of ₹9.6 Cr (net margin 11.6%) and EBITDA of ₹22.28 Cr (EBITDA margin 27%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years.
The company has about 8 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 3 brands: Welspun One, One Industrial Spaces Information and Welspun Group. As per MCA filings, the company has open charges of ₹50 Cr on record. The company has 2 deals on record (1 acquisition, 1 rights issue); the latest was in February 2020. The company has 4 MSME Form 1 returns on record between 2022 and 2024, listing 85 overdue payments to 12 micro and small suppliers.
Welspun One Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-19-0045245). For more details, the company can be reached via its website welspun.com.
Company details
CIN U63090MH2019PTC326946
Registration Number 326946
Incorporation Date 19 June 2019
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 July 2026
Date of Balance Sheet 31 March 2026
MSME Classification MSME
Udyam Registration UDYAM-MH-19-0045245
Name history
Welspun One has undergone 3 name changes throughout its history. The company was previously known as Welspun One Logistics & Industrial Parks Private Limited, One Industrial Spaces Private Limited, and Welspun One Logistics Parks Private Limited. The current legal name is Welspun One Private Limited.
| Company Name | Status |
|---|---|
| Welspun One Private Limited | Current |
| Welspun One Logistics & Industrial Parks Private Limited | Previous |
| One Industrial Spaces Private Limited | Previous |
| Welspun One Logistics Parks Private Limited | Previous |
Key People
Balkrishan Gopiram Goenka Director Rajesh Mandawewala Director Aditya Vikram Harlalka Director Recognitions & Rankings of Welspun One
India's Richest People 2026 edition · 2 directors · Source: Hurun India
- #56 Balkrishan Goenka ₹49,300 Cr
- #1,750 Rajesh R Mandawewala ₹1,000 Cr
Contact details
Welspun One Private Limited's registered office is in Mumbai, Maharashtra. Its website is welspun.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressWelspun House Kamala Mills Compound Lower Parel, Mumbai, Maharashtra, India – 400013
- IndustryTransport and Logistics, Cold Storage & Warehousing Services
To see the full contact details of Welspun One Private Limited, buy the company report.
Comprehensive company report
Welspun One 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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Brands
Welspun One operates multiple associated brands including Welspun One, One Industrial Spaces Information, and Welspun Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides warehousing, asset management, and logistics services in India. | welspunone.com | |
| Manufacturer of pipes, plates & coils, and home textile products | welspun.com | |
| Industrial and warehousing real estate is provided in Mumbai, India. | oneindustrialspaces.com |
Business activity
The main business activity of Welspun One is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Welspun One Private Limited, buy the company report.
Financials of Welspun One Private Limited
FY 2026 filings availableWelspun One Private Limited reported revenue of ₹82.43 Cr (down 36% YoY) for FY 2026.
Revenue · FY 2026
₹82.43 Cr ▼ 36%
Net profit · FY 2026
₹9.6 Cr margin 11.6%
EBITDA · FY 2026
₹22.28 Cr margin 27%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 36%
3 years · compounded
▲ 38%
EBITDA CAGR growth
1 year
▼ 45%
Revenue fell 36% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 38%. EBITDA fell 45% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹82.43 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹22.28 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.6 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 27% | ||||
| Net Profit Margin | 11.6% | ||||
| 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 One Private Limited, buy the company report.
Board of directors of Welspun One Private Limited
Welspun One has 5 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balkrishan Gopiram Goenka Also directs: Welspun Real Estate Ventures LLP, DBG Multiventures LLP, Welspun Living Limited and 5 more | Director | 29 Nov 2019 | 6 Years 10 Months | Current |
| Rajesh Mandawewala Also directs: Welspun Real Estate Ventures LLP, DBG Multiventures LLP, Welspun Living Limited and 5 more | Director | 29 Nov 2019 | 6 Years 10 Months | Current |
| Aditya Vikram Harlalka | Director | 05 Feb 2025 | 1 Years 8 Months | Current |
| Anup Shah Sanmukh Also directs: Welspun One Investment Management Private Limited, Stove Kraft Limited, Puravankara Limited and 4 more | Director | 04 May 2023 | 3 Years 5 Months | Current |
| Sushil Kumar Rathi Also directs: Welspun One Investment Management Private Limited | Director | 04 Apr 2023 | 3 Years 6 Months | Current |
Auditor
Welspun One Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Welspun One Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Welspun One Private Limited, buy the company report.
Charges & borrowings
Open charges
₹50 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Aug 2025 | 101143590 | The Catholic Syrian Bank Ltd | ₹50 Cr | Open |
To see the full charge records of Welspun One Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Welspun One Private Limited has 2 deals on record (1 acquisition, 1 rights issue); the latest was in February 2020.
Total deals
2
Acquisition
1
Rights issue
1
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2020 | Rights issue | ₹1.04 Cr | Investors: Welspun Real Estate Ventures LLP , One Space Development Management LLP |
| Dec 2019 | Acquisition | ₹1.5 Cr | Buyer: Welspun Real Estate Ventures LLP |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Welspun One Private 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
Welspun One Private Limited has 4 MSME Form 1 returns on record between 2022 and 2024, listing 85 overdue payments to 12 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 12)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| VDBS Consultancy Services Private Limited | |||
| an individual supplier | |||
| Suresh Surana & Associates LLP | |||
| Anarock Capital Advisors Private Limited | |||
| Cpas Technologies Private Limited |
To see the full MSME payment records of Welspun One Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Welspun One 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 |
|---|---|---|
| Welspun One Logistics Parks Development Management Private Limited | U74999MH2020PTC351601 |
To see the full group structure of Welspun One Private Limited, buy the company report.
Employees & EPFO
Welspun One Private Limited has a workforce of 8 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
Employee count
8
Active EPFO establishments
1
Employee growth
-33.33%
GST
Welspun One has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCO9614R1ZP | Maharashtra | Active | 17 Jul 2019 |
To see the full GST registrations and return filing status of Welspun One Private Limited, buy the company report.
Recent activity
Welspun One Private Limited has 11 board changes on record since 2019: 8 appointments and 3 cessations. The latest: Yash Suresh Ravel ceased to be Director on 01 Dec 2025.
AGM
Welspun One Private Limited last Annual general meeting of members was held on 30 Jul 2026 as per latest MCA records.
Charges
A charge with The Catholic Syrian Bank Ltd of Rs. 50.00 Cr registered on 14 Aug 2025 with Charge ID 101143590 was modified on 29 Jun 2026.
Filing
Welspun One Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai I.
Ceased
Yash Suresh Ravel ceased to be Director.
Charges
A charge with The Catholic Syrian Bank Ltd amounted to Rs. 50.00 Cr with Charge ID 101143590 was registered on 14 Aug 2025.
Appointed
Aditya Vikram Harlalka was appointed as Director.
Appointed
Yash Suresh Ravel was appointed as Director.
Appointed
Anup Shah Sanmukh was appointed as Director.
Appointed
Sushil Kumar Rathi was appointed as Director.
Ceased
Tara Sankar Bhattacharya ceased to be Director.
Appointed
Balkrishan Gopiram Goenka was appointed as Director.
Appointed
Rajesh Mandawewala was appointed as Director.
4 earlier events are in the company report.
News
Frequently asked questions
Welspun One is an active private limited company based in Mumbai, Maharashtra, India. The company works in cold storage and warehousing services, within the transport and logistics industry. It was incorporated on 19 June 2019 (7+ years old) and is registered under CIN U63090MH2019PTC326946.
Welspun One has 5 current directors:
- Balkrishan Gopiram Goenka - Director
- Rajesh Mandawewala - Director
- Aditya Vikram Harlalka - Director
- Anup Shah Sanmukh - Director
- Sushil Kumar Rathi - Director
The latest financial statements of Welspun One on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 30 July 2026. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Welspun One is 27AACCO9614R1ZP, registered in Maharashtra.
The CIN (Corporate Identification Number) of Welspun One is U63090MH2019PTC326946. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Welspun One was incorporated on 19 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
Welspun One has 2 deals on record (1 acquisition, 1 rights issue); the latest was in February 2020.
Yash Suresh Ravel ceased to be Director on 01 Dec 2025. Aditya Vikram Harlalka was appointed as Director on 05 Feb 2025. Yash Suresh Ravel was appointed as Director on 21 Dec 2023. Welspun One has 11 board changes on record in total.
Yes, Welspun One is registered as an MSME under Udyam registration (number: UDYAM-MH-19-0045245).
Welspun One has 4 MSME Form 1 returns on record between 2022 and 2024, listing 85 overdue payments to 12 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Welspun One can be reached through the website welspun.com. Its registered office is in Mumbai, Maharashtra, India.