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
Revenue · FY 2026
₹60,832
▼ 99% YoY
Net loss · FY 2026
₹48,980
Net margin -80.5%
EBITDA · FY 2026
-₹48,980
EBITDA margin -80.5%
Contribution obligation
₹1 Lakh
As per LLP agreement
LLP age
7 yrs
Est. 2019
Designated partners
2
As per MCA filings
Brands
1
Associated brands
Last financials
Mar 2026
Balance sheet date
About Welspun Real Estate Ventures LLP
Data last updated:
Welspun Real Estate Ventures LLP is a limited liability partnership (LLP) based in Vapi, Gujarat, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 18 July 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 LLP is registered with the Registrar of Companies (ROC), Ahmedabad, under LLPIN AAP-9859.
The LLP has a total obligation of contribution of ₹1 Lakh. It is led by designated partners Balkrishan Gopiram Goenka and Rajesh Mandawewala.
Its latest statement of accounts is for the year ended 31 March 2026. The registered office is at Survey No 76 Village Morai Vapi Valsad, Gujarat, India – 396191.
As per the financials filed for FY 2026, the LLP reported a revenue of ₹60,832, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹48,980 (net margin -80.5%) and EBITDA of -₹48,980 (EBITDA margin -80.5%). Revenue has grown at a compounded annual rate (CAGR) of 63% over five years.
The LLP is associated with 1 brand: Welspun Group.
For more details, the LLP can be reached via its website welspun.com.
Company details
LLPIN AAP-9859
Incorporation Date 18 July 2019
Total Obligation of Contribution ₹1 Lakh
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 March 2026
Date of Balance Sheet 31 March 2026
Recognitions & Rankings of Welspun Real Estate Ventures
Contact details
Welspun Real Estate Ventures LLP's registered office is in Vapi, Gujarat.
- Social Media
- Registered AddressSurvey No 76 Village Morai Vapi Valsad, Gujarat, India – 396191
- IndustryReal Estate and Construction, Real Estate Builders & Developers
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Brands
Welspun Real Estate Ventures operates one associated brand: Welspun Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of pipes, plates & coils, and home textile products | welspun.com |
Financials of Welspun Real Estate Ventures LLP
FY 2026 filings availableWelspun Real Estate Ventures LLP reported revenue of ₹60,832 (down 99% YoY) for FY 2026.
Revenue · FY 2026
₹60,832 ▼ 99%
Net loss · FY 2026
₹48,980 margin -80.5%
EBITDA · FY 2026
-₹48,980 margin -80.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 99%
5 years · compounded
▲ 63%
EBITDA CAGR growth
1 year
▼ 101%
3 years · compounded
▼ 18%
5 years · compounded
▼ 18%
Revenue fell 99% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 63%. EBITDA fell 101% 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
| Statement of Account and Solvency | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Profit After Tax | -₹48,980 | ||||
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Financial Ratios
| Statement of Account and Solvency | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Profitability | |||||
| Net Profit Margin | -80.5% | ||||
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To see the full financial statements and ratios of Welspun Real Estate Ventures LLP, buy the company report.
Designated partners of Welspun Real Estate Ventures LLP
Welspun Real Estate Ventures has 2 current designated partners and 5 former designated partners. Current designated partners are listed first, with their designation and appointment date.
Current Designated Partners
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Balkrishan Gopiram Goenka | Designated Partner | 17 Feb 2021 | 5 Years 8 Months | Current |
| Rajesh Mandawewala | Designated Partner | 16 May 2022 | 4 Years 5 Months | Current |
Legal cases
No court or tribunal cases involving Welspun Real Estate Ventures LLP 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 Real Estate Ventures LLP; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Welspun Real Estate Ventures LLP; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Welspun Real Estate Ventures LLP has 7 designated partner changes on record since 2019: 2 appointments and 5 cessations. The latest: Rajesh Mandawewala was appointed as Designated Partner on 16 May 2022.
AGM
Welspun Real Estate Ventures Llp last Annual general meeting of members was held on 31 Mar 2026 as per latest MCA records.
Filing
Welspun Real Estate Ventures Llp has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Appointed
Rajesh Mandawewala was appointed as Designated Partner.
Ceased
Harish Chandra Gupta ceased to be Designated Partner.
Appointed
Balkrishan Gopiram Goenka was appointed as Designated Partner.
Ceased
Dipali Balkrishan Goenka ceased to be Designated Partner.
Ceased
Lalchand Tekchand Hotwani ceased to be Designated Partner.
Ceased
Balkrishan Gopiram Goenka ceased to be Designated Partner.
Ceased
Rajesh Rameshkumar Mandawewala ceased to be Designated Partner.
Incorporation
18 Jul 2019
Welspun Real Estate Ventures Llp was registered on 18 Jul 2019 with Roc Ahmedabad & aged 7 years 3 months as per MCA records.
News
Frequently asked questions
Welspun Real Estate Ventures is an active limited liability partnership based in Vapi, Gujarat, India. The LLP works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 18 July 2019 (7+ years old) and is registered under LLPIN AAP-9859.
Welspun Real Estate Ventures has 2 current designated partners:
- Balkrishan Gopiram Goenka - Designated Partner
- Rajesh Mandawewala - Designated Partner
The latest financial statements of Welspun Real Estate Ventures on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 31 March 2026. Year-wise statements from FY 2020 are in the company report.
The LLPIN (Limited Liability Partnership Identification Number) of Welspun Real Estate Ventures is AAP-9859. It is issued by the Ministry of Corporate Affairs and uniquely identifies the LLP in India.
Welspun Real Estate Ventures was incorporated on 18 July 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Rajesh Mandawewala was appointed as Designated Partner on 16 May 2022. Harish Chandra Gupta ceased to be Designated Partner on 15 May 2022. Balkrishan Gopiram Goenka was appointed as Designated Partner on 17 Feb 2021. Welspun Real Estate Ventures has 7 designated partner changes on record in total.
Welspun Real Estate Ventures can be reached through the website welspun.com. Its registered office is in Vapi, Gujarat, India.
The registered office of Welspun Real Estate Ventures is at Survey No 76 Village Morai Vapi Valsad, Gujarat, India – 396191.
Welspun Real Estate Ventures operates in the real estate and construction industry, in the real estate builders and developers segment.
Welspun Real Estate Ventures has 1 associated brand: Welspun Group.
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