MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-WB-10-0002031
Wesman Thermal Private Limited - machinery and equipment in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹46.14 Cr
▲ 13% YoY
Net profit · FY 2025
₹4.23 Cr
Net margin 9.2%
EBITDA · FY 2025
₹6.68 Cr
EBITDA margin 14.5%
Authorised capital
₹2.5 Cr
Registered with MCA
Paid-up capital
₹2.23 Cr
Issued & subscribed
Open charges
₹13.11 Cr
Secured borrowings
Company age
53 yrs
Est. 1973
Employees · EPFO
86
Provident fund records
About Wesman Thermal Private Limited
Data last updated:
Wesman Thermal Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 10 October 1973 and has been in existence for over 53 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74210WB1973PTC029031. Its GSTIN is 19AAACW2786Q1ZF (West Bengal). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2.5 Cr and a paid-up capital of ₹2.23 Cr. It is led by directors including Nikhil Vaswani (Managing Director) and Rajan Arjan Vaswani (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Wesman Center8 Mayfair Road, Kolkata, West Bengal, India – 700019.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.14 Cr, a growth of 13% compared to the previous year. For the same year it recorded a net profit of ₹4.23 Cr (net margin 9.2%) and EBITDA of ₹6.68 Cr (EBITDA margin 14.5%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 5% over five years.
The company has about 86 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹13.11 Cr on record. Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
Wesman Thermal Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-WB-10-0002031). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wesman.com.
Company details
CIN U74210WB1973PTC029031
Registration Number 029031
Incorporation Date 10 October 1973
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 26 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-WB-10-0002031
Key People
Nikhil Vaswani Managing Director Rajan Arjan Vaswani Whole-Time Director Monica Vaswani Whole-Time Director Recognitions & Rankings of Wesman Thermal
Contact details
Wesman Thermal Private Limited's registered office is in Kolkata, West Bengal. Its website is wesman.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressWesman Center8 Mayfair Road, Kolkata, West Bengal, India – 700019
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Wesman Thermal Private Limited, buy the company report.
Comprehensive company report
Wesman Thermal 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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Business activity
The main business activity of Wesman Thermal is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Wesman Thermal Private Limited, buy the company report.
Financials of Wesman Thermal Private Limited
FY 2025 filings availableWesman Thermal Private Limited reported revenue of ₹46.14 Cr (up 13% YoY) for FY 2025.
Revenue · FY 2025
₹46.14 Cr ▲ 13%
Net profit · FY 2025
₹4.23 Cr margin 9.2%
EBITDA · FY 2025
₹6.68 Cr margin 14.5%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 13%
3 years · compounded
▲ 12%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▲ 100%
3 years · compounded
▲ 26%
5 years · compounded
▲ 28%
Revenue has grown at a compounded annual rate (CAGR) of 5% over five years, including 13% growth in the latest year. EBITDA rose 100% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.68 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.23 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.5% | ||||
| Net Profit Margin | 9.2% | ||||
| 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 Wesman Thermal Private Limited, buy the company report.
Board of directors of Wesman Thermal Private Limited
Wesman Thermal has 6 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
Peer comparison
Wesman Thermal Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Steam Equipments Limited | ₹46.43 Cr (FY 2025) | 99.0% | Pune, Maharashtra, India | |||
| Wesman Thermal Private Limitedthis company | ₹46.14 Cr (FY 2025) | ₹4.23 Cr | 9.2% | 13.0% | 86 | Kolkata, West Bengal, India |
| Global Pet Industries Limited | ₹46.14 Cr (FY 2025) | 15.0% | Vasai, Maharashtra, India | |||
| Upc Instruments Private Limited | ₹46.13 Cr (FY 2025) | 1.0% | Panipat, Haryana, India |
To see the full peer comparison of Wesman Thermal Private Limited, buy the company report.
Auditor
Wesman Thermal Private Limited is audited by BM CHATRATH & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BM CHATRATH & CO. LLP | FY 2023 | 301011E |
Shareholding
The shareholding of Wesman Thermal Private Limited is on record for 5 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 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Wesman Thermal Private Limited, buy the company report.
Charges & borrowings
Open charges
₹13.11 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Mar 2025 | 101064127 | Hdfc Bank Limited | ₹4.61 Cr | Open | |
| 29 Nov 2023 | 100899281 | Hdfc Bank Limited | ₹55 Lakh | Open | |
| 10 Nov 2023 | 100819225 | Others | ₹60 Lakh | Open | |
| 15 Oct 2020 | 100383919 | Standard Chartered Bank | ₹36 Lakh | Open | |
| 29 Sep 2020 | 100382228 | Yes Bank Limited | ₹99 Lakh | Open |
To see the full charge records of Wesman Thermal Private Limited, buy the company report.
Total charge records: 10 View all charges
Legal cases
Wesman Thermal Private Limited has 2 court cases on record: 1 filed by Wesman Thermal, 1 filed against it. All cases are disposed.
Total cases
2
Filed by the company
1
Filed against the company
1
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 1 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Court case (CO) | Filed by the company against an individual | Disposed |
| High Court | Tax appeal | Filed against the company by Commissioner of Income Tax, Kolkata - I | Disposed |
To see the full case history of Wesman Thermal Private 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.
MSME payment delays
Wesman Thermal Private Limited has 7 MSME Form 1 returns on record between 2019 and 2023, listing 71 overdue payments to 8 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 8)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Modern Engineering Works | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Wesman Thermal Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Wesman Thermal Private Limited has a workforce of 86 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
Employee count
86
Active EPFO establishments
1
Employee growth
-2.27%
GST
Wesman Thermal has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAACW2786Q1ZF | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Wesman Thermal Private Limited, buy the company report.
Recent activity
Wesman Thermal Private Limited has 13 board changes on record since 1973: 6 appointments and 7 cessations. The latest: Piya Khatri was appointed as Director on 30 Sep 2024.
AGM
Wesman Thermal Private Limited last Annual general meeting of members was held on 26 Sep 2025 as per latest MCA records.
Charges
A charge with Standard Chartered Bank of Rs. 4.50 Cr registered on 22 Feb 2011 with Charge ID 10266989 was modified on 14 Aug 2025.
Filing
Wesman Thermal Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 4.61 Cr with Charge ID 101064127 was registered on 03 Mar 2025.
Appointed
Piya Khatri was appointed as Director.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.55 Cr with Charge ID 100899281 was registered on 29 Nov 2023.
Charges
A charge with Others amounted to Rs. 0.60 Cr with Charge ID 100819225 was registered on 10 Nov 2023.
Charges
A charge with Standard Chartered Bank of Rs. 0.45 Cr registered on 05 Jan 2016 with Charge ID 10614587 was modified on 24 Feb 2022.
Charges
A charge with Standard Chartered Bank amounted to Rs. 0.36 Cr with Charge ID 100383919 was registered on 15 Oct 2020.
Charges
A charge with Yes Bank Limited amounted to Rs. 0.99 Cr with Charge ID 100382228 was registered on 29 Sep 2020.
Charges
A charge with Others amounted to Rs. 0.09 Cr with Charge ID 100325392 was registered on 06 Feb 2020.
Ceased
Rajan Arjan Vaswani ceased to be Director.
16 earlier events are in the company report.
Frequently asked questions
Wesman Thermal is an active private limited company based in Kolkata, West Bengal, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 10 October 1973 (53+ years old) and is registered under CIN U74210WB1973PTC029031.
Wesman Thermal has 6 current directors:
- Nikhil Vaswani - Managing Director
- Rajan Arjan Vaswani - Whole-Time Director
- Monica Vaswani - Whole-Time Director
- Sunil Vaswani - Director
- Anil Vaswani - Director
- Piya Khatri - Director
The latest financial statements of Wesman Thermal on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 26 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Wesman Thermal is 19AAACW2786Q1ZF, registered in West Bengal. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Wesman Thermal is U74210WB1973PTC029031. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wesman Thermal has 2 court cases on record: 1 filed by the company and 1 filed against it.
Wesman Thermal was incorporated on 10 October 1973, making it 53+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Wesman Thermal by revenue are Steam Equipments Limited, Global Pet Industries Limited, Upc Instruments Private Limited, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Piya Khatri was appointed as Director on 30 Sep 2024. Rajan Arjan Vaswani ceased to be Director on 01 Oct 2019. Monica Vaswani was appointed as Whole-Time Director on 01 Oct 2015. Wesman Thermal has 13 board changes on record in total.
Yes, Wesman Thermal is registered as a small enterprise under Udyam registration (number: UDYAM-WB-10-0002031).
Wesman Thermal has 7 MSME Form 1 returns on record between 2019 and 2023, listing 71 overdue payments to 8 micro and small suppliers. The latest return was filed on 16 Oct 2023.
Wesman Thermal can be reached through the website wesman.com. Its registered office is in Kolkata, West Bengal, India.
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