Welspun Steel Limited - Company Profile

Q: Who are the current directors of Welspun Steel Limited?

The current directors of Welspun Steel Limited are Sitaram Somani Damodardas, Hardik Vinay Dhebar, Dilip Kumar Chokhra, Amita Sachin Karia, Dilip Chokhra, Aakrati Bhatnagar.

It is a metals and minerals public limited company based in Dist Kutch, Gujarat, India, established in 2004.

2004 Dist Kutch, Gujarat, India Active

Last Updated: January 06, 2026

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About Welspun Steel Limited

Welspun Steel Limited, a active public limited company, was established on 03 June 2004 in Dist Kutch, Gujarat, India. Engaging in steel manufacturing & processing within the manufacturing sector, it holds CIN: U27109GJ2004PLC044249. Registered under ROC Roc Ahmedabad. it is unlisted. It has an authorized capital of ₹1,066.06 Cr and a paid-up capital of ₹433.96 Cr.

Formerly known as Welspun Power And Steel Limited, Welspun Power And Steel Private Limited. It upholds a compliant status. Employing 2 professional, Its leadership includes Sitaram Somani Damodardas (Director), Hardik Vinay Dhebar (Director), Dilip Kumar Chokhra (Cfo). Past directors included Atul Manubhai Desai, Sitaram Somani Damodardas, Rakhesh Rajasekharan Nair. It holds no open charges and ₹3,090.41 Cr settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at S N 650 Village Varsamedital Anjar, Dist Kutch, Gujarat, 370110.

Company Details

CIN/LLPIN
U27109GJ2004PLC044249
Registration Number
044249
Incorporation Date
03 June 2004
Authorized Capital
₹1,066.06 Cr
Paid-Up Capital
₹433.96 Cr
ROC Code
Roc Ahmedabad
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 1,066.06 Cr as on 06-01-2026
Paid Up Capital ₹ 433.96 Cr as on 06-01-2026
Company Age 21 Year, 8 Months
Last Filing with ROC 31 Mar 2024
Satisfied Charges ₹ 3,090.41 Cr as on 06-01-2026
Revenue Growth **** -12.82% (FY 2023)
Profit Growth **** -87.53% (FY 2023)
Ebitda **** 68.49% (FY 2023)
Net Worth -0.54% (FY 2023)
Total Assets -0.76% (FY 2023)

Comprehensive Company Insights

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

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Who are the key members and board of directors at Welspun Steel Limited?

Current Directors

Name	Designation	Appointment Date	Status
Sitaram Somani Damodardas	Director	30 Mar 2024	Current
Hardik Vinay Dhebar	Director	14 Dec 2023	Current
Dilip Kumar Chokhra	Cfo	01 May 2022	Current
Amita Sachin Karia	Additional Director	31 Mar 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	29 Sep 2012	Past
Pramod Abcsdd	Director	16 Jul 2020	Past
Pramod Abcsdd	Company Secretary	30 May 2009	Past
Pramod Abcsdd	Company Secretary	31 Mar 2022	Past
Pramod Abcsdd	Director	01 Apr 2009	Past
Pramod Abcsdd	Whole-Time Director	31 Mar 2009	Past

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Financial Performance of Welspun Steel.

Welspun Steel Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 12.82% decrease. The company also saw a substantial fall in profitability, with a 87.53% decrease in profit. The company's net worth dipped by a decrease of 0.54%.

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

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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

********

-12.82%

*******

Revenue from Operations

*******

Total Assets

*******

-0.76%

*******

Profit or Loss

*******

-87.53%

*******

Net Worth

*******

-0.54%

*******

EBITDA

*******

68.49%

*******

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What is the Ownership and Shareholding Structure of Welspun Steel?

In 2023, Welspun Steel had a promoter holding of 96.91% and a public holding of 3.09%. The company had 3 Subsidiaries and 1 Joint Venture. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

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

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Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹30,904,089,000.00

Charges Breakdown by Lending Institutions

Others : 1141.00 Cr
Icici Bank Limited : 550.00 Cr
Idbi Trusteeship Services Limited : 325.00 Cr
Bank Of Baroda : 273.26 Cr
Punjab National Bank : 125.20 Cr
Others : 675.95 Cr

Latest Charge Details

Date	Lender	Amount	Status
12 Jun 2019	Hdfc Bank Limited	₹40.00 Cr	Satisfied
14 Dec 2018	Idbi Trusteeship Services Limited	₹100.00 Cr	Satisfied
14 Dec 2018	Idbi Trusteeship Services Limited	₹75.00 Cr	Satisfied
14 Aug 2018	Others	₹101.00 Cr	Satisfied
27 Mar 2017	Others	₹85.00 Cr	Satisfied

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How Many Employees Work at Welspun Steel?

Welspun Steel has a workforce of 2 employees as of Apr 04, 2024. 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

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Welspun Steel, 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 Steel's trajectory.

Rating

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

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.

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Latest Updates, News, and FAQs on Welspun Steel

Recent Activity within the Organization

Director Appointment

Progress on Aakrati Bhatnagar was appointed as a Company Secretary was appointed as a Company Secretary on 02 Sep 2025 & has been associated with this company since 5 months 1 day . was documented.
02 Sep 2025
Director Appointment

Progress on Amita Sachin Karia was appointed as a Additional Director was appointed as a Additional Director on 31 Mar 2025 & has been associated with this company since 10 months 3 days . was documented.
31 Mar 2025
Annual General Meeting

Welspun Steel Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was recorded as a recent event.
30 Sep 2024
Balance Sheet

Welspun Steel Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad. was recorded as a recent event.
31 Mar 2024
Director Appointment

Sitaram Somani Damodardas was appointed as a Director was appointed as a Director on 30 Mar 2024 & has been associated with this company since 1 year 10 months . was recorded as a recent event.
30 Mar 2024
Director Appointment

Progress on Hardik Vinay Dhebar was appointed as a Director was appointed as a Director on 14 Dec 2023 & has been associated with this company since 2 years 1 month . was documented.
14 Dec 2023

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