Western Maharashtra Development Corpn Ltd
About Western Maharashtra Development Corpn Ltd
Data last updated:
Western Maharashtra Development Corpn Ltd is a private limited company based in Pune, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 03 December 1970 and has been in existence for over 56 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74900MH1970PTC014896. Its GSTIN is 27AAACW1864B2ZJ (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.06 Cr. It is led by directors including Shubham Gupta (Managing Director) and Vinod Sopanrao Mendhe.
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 Kubera Chamberssecond Floor Shivajinagar, Pune, Maharashtra, India – 411005.
As per the financials filed for FY 2024, the company reported a revenue of ₹25.19 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹15.22 Cr (net margin 60.4%) and EBITDA of ₹20.45 Cr (EBITDA margin 81.2%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 6% over five years.
As per MCA filings, the company has open charges of ₹10.89 Cr on record. Court records list 236 cases involving the company, including 226 filed by the company and 9 filed against it; 4 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressKubera Chamberssecond Floor Shivajinagar, Pune, Maharashtra, India – 411005
- IndustryFinancial Services, Diversified Financial Services
- 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
- One PDF report, delivered after checkout
Business Activity of Western Maharashtra Development Corpn Ltd
The main business activity of Western Maharashtra Development Corpn is public services by government agencies. In detail, this covers administration relating to executive, legislation and other public service by government agencies.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| O | Public Services by Government agencies | O1 | Administration relating to Executive, Legislation and other public service by government agencies | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Western Maharashtra Development Corpn Ltd FY 2025 filings available
Western Maharashtra Development Corpn Ltd reported revenue of ₹25.19 Cr (up 32% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Western Maharashtra Development Corpn Ltd
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 32% growth in the latest year. EBITDA rose 39% 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 of Western Maharashtra Development Corpn Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹20.45 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹15.22 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 of Western Maharashtra Development Corpn Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 81.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 60.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Western Maharashtra Development Corpn are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Western Maharashtra Development Corpn Ltd
Western Maharashtra Development Corpn Ltd is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Credence Family Office Private Limited | ₹25.33 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Mumbai, Maharashtra, India |
| Kulodaya Commerce Private Limited | ₹25.31 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Kolkata, West Bengal, India |
| Steinberg India Advisors Private Limited | ₹25.3 Cr (FY 2025) | •••• | •••• | -4.0% | •••• | Mumbai, Maharashtra, India |
| Hiraco Renewable Energy Private Limited | ₹25.3 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Ahmedabad, Gujarat, India |
| Gram Tarang Inclusive Development Services Private Limited | ₹25.23 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Visakhapatnam, Andhra Pradesh, India |
| Western Maharashtra Development Corpn Ltd this company | ₹25.19 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Pune, Maharashtra, India |
| Sahuwala Trades Private Limited | ₹25.14 Cr (FY 2025) | •••• | •••• | 672.0% | •••• | Coimbatore, Tamil Nadu, India |
| Triumph Electoral Trust | ₹25 Cr (FY 2025) | •••• | •••• | -81.0% | •••• | Chennai, Tamil Nadu, India |
| SBJ BPO Services Limited | ₹24.98 Cr (FY 2023) | •••• | •••• | 27.0% | •••• | New Delhi, Delhi, India |
| Startree Properties Private Limited | ₹24.97 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | Siliguri, West Bengal, India |
| Aapex Power and Industries Private Limited | ₹24.93 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Western Maharashtra Development Corpn by revenue in the BFSI industry (Other Financial Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Western Maharashtra Development Corpn Ltd
Western Maharashtra Development Corpn has 5 current directors and 28 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinod Sopanrao Mendhe | Director | 31 Aug 2020 | 6 Years 1 Months | Current |
| Sanjana Sanjay Rasam Also directs: Development Corporation of Kokan Limited | Director | 05 Jan 2021 | 5 Years 9 Months | Current |
| Rajeev Vitthal Rajmane | Director | 04 Oct 2023 | 3 Years 0 Months | Current |
| Ajit Tukaram Sasulkar | Director | 06 Jun 2025 | 1 Years 4 Months | Current |
| Shubham Gupta | Managing Director | 06 Jun 2025 | 1 Years 4 Months | Current |
Charges & Borrowings of Western Maharashtra Development Corpn Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Feb 2021 | Others | ₹10.89 Cr | Open |
Total charge records: 1 View all charges
Legal Cases of Western Maharashtra Development Corpn Ltd
Western Maharashtra Development Corpn Ltd has 236 court cases on record: 226 filed by Western Maharashtra Development Corpn, 9 filed against it, 1 where it is another party. 4 cases are pending and 232 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 229 | 4 | 3 |
| High courts | 7 | 5 | 1 |
Cases on record (5 of 236)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by A Plus Projects and Technology Private Limited | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Krishidhan Farms Private Limited | Disposed |
| Bombay High Court | Appeal | Filed by the company against Bda Limited | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against an individual | Pending |
| Bombay High Court | Tax appeal | Filed against the company by PR Commissioner of Income Tax 4 | Disposed |
Full case history
All 236 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Western Maharashtra Development Corpn Ltd
Employment history and EPFO contributions of people linked to Western Maharashtra Development Corpn.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Western Maharashtra Development Corpn Ltd
Western Maharashtra Development Corpn has one previous CIN (Corporate Identification Number): U45209MH1970PTC014896. The current CIN is U74900MH1970PTC014896, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900MH1970PTC014896 | Current |
| U45209MH1970PTC014896 | Previous |
Recent Activity on Western Maharashtra Development Corpn Ltd
Western Maharashtra Development Corpn Ltd has 33 board changes on record since 2007: 5 appointments and 28 cessations. The latest: Ajit Tukaram Sasulkar was appointed as Director on 06 Jun 2025.
25 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Western Maharashtra Development Corpn Ltd
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Western Maharashtra Development Corpn Ltd
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Western Maharashtra Development Corpn Ltd
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Western Maharashtra Development Corpn Ltd
Western Maharashtra Development Corpn has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW1864B2ZJ | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Western Maharashtra Development Corpn Ltd
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Western Maharashtra Development Corpn Ltd
Western Maharashtra Development Corpn is an active private limited company based in Pune, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 03 December 1970 (56+ years old) and is registered under CIN U74900MH1970PTC014896.
Western Maharashtra Development Corpn reported revenue of ₹25.19 Cr for FY 2024 (up 32% YoY).
Western Maharashtra Development Corpn has 5 current directors:
- Shubham Gupta - Managing Director
- Vinod Sopanrao Mendhe - Director
- Sanjana Sanjay Rasam - Director
- Rajeev Vitthal Rajmane - Director
- Ajit Tukaram Sasulkar - Director
Western Maharashtra Development Corpn reported a net profit of ₹15.22 Cr (net margin 60.4%) and EBITDA of ₹20.45 Cr (EBITDA margin 81.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Western Maharashtra Development Corpn is 11% over three years and 6% over five years. In the latest year (FY 2024) revenue rose 32%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Western Maharashtra Development Corpn is 27AAACW1864B2ZJ, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Western Maharashtra Development Corpn is U74900MH1970PTC014896. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Western Maharashtra Development Corpn has 236 court cases on record: 226 filed by the company and 9 filed against it. 4 are pending. Most are in the district courts.
Western Maharashtra Development Corpn was incorporated on 03 December 1970, making it 56+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Western Maharashtra Development Corpn by revenue are Credence Family Office Private Limited, Kulodaya Commerce Private Limited, Steinberg India Advisors Private Limited, Hiraco Renewable Energy Private Limited, Gram Tarang Inclusive Development Services Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Ajit Tukaram Sasulkar was appointed as Director on 06 Jun 2025. Shubham Gupta was appointed as Managing Director on 06 Jun 2025. Kashinath Ganapat Dekate ceased to be Director on 04 Oct 2023. Western Maharashtra Development Corpn has 33 board changes on record in total.