About Weston Lifts Private Limited
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Weston Lifts Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the material handling and storage equipment segment of the machinery and industrial equipment sector. It was incorporated on 30 September 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U29253TN2009PTC073038. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors Sathish Kutty and Ramachandran Nagarajan.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Plot No.1 Nadesan Nagar Athipet, Chennai, Tamil Nadu, India – 600058.
As per the financials filed for FY 2022, the company reported a revenue of ₹2.96 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net loss of ₹58.84 Lakh (net margin -19.9%) and EBITDA of -₹7.12 Lakh (EBITDA margin -2.4%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 2% over five years.
The company has about 10 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹73.34 Lakh on record. Court records list 11 cases involving the company, including 3 filed by the company and 8 filed against it; 3 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website westonlifts.com.
Company details
Contact details
Weston Lifts Private Limited's registered office is in Chennai, Tamil Nadu. Its website is westonlifts.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No.1 Nadesan Nagar Athipet, Chennai, Tamil Nadu, India – 600058
- IndustryMachinery and Equipment, Material Handling & Storage Equipment
To see the full contact details of Weston Lifts Private Limited, buy the company report.
- 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
Business activity
The main business activity of Weston Lifts is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Weston Lifts Private Limited, buy the company report.
Financials of Weston Lifts Private Limited
FY 2022 filings availableWeston Lifts Private Limited reported revenue of ₹2.96 Cr (down 2% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 2% fall in the latest year. EBITDA fell 149% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
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| EBITDA | -₹7.12 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹58.84 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.4% | ||||
| Net Profit Margin | -19.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Weston Lifts Private Limited, buy the company report.
Board of directors of Weston Lifts Private Limited
Weston Lifts has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sathish Kutty Also directs: Westen Lift Private Limited | Director | 01 Jan 2011 | 15 Years 10 Months | Current |
| Ramachandran Nagarajan Also directs: Westen Lift Private Limited | Director | 01 Jan 2011 | 15 Years 10 Months | Current |
Shareholding
The shareholding of Weston Lifts Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Weston Lifts Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Mar 2018 | 100172673 | Others | ₹73.34 Lakh | Open |
To see the full charge records of Weston Lifts Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Weston Lifts Private Limited has 11 court cases on record: 3 filed by Weston Lifts, 8 filed against it. 3 cases are pending and 8 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 8 | 3 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 11)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by RBL Bank Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Aditya Birla Finance Ltd | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed against the company by RBL Bank Ltd. | Disposed |
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by M/S. Idfc First Bank Limited Earlier Known As Capital First Limited Rep by Its A. Parameswaran | Disposed |
| District court, Chennai, Tamil Nadu | Court case (STC/PC) | Filed against the company by M/S. HDFC Bank Ltd., Rep by Its Power of Attorney Holder, Kumar | Disposed |
To see the full case history of Weston Lifts 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
No delayed payments to MSME suppliers are on our record for Weston Lifts Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Weston Lifts Private Limited has a workforce of 10 employees on its EPFO records as of Sep 2023, across 1 active EPFO establishment.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2023-24 | 10 |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Weston Lifts Private Limited, buy the company report.
GST
Weston Lifts has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Weston Lifts Private Limited, buy the company report.
Recent activity
Weston Lifts Private Limited has 5 board changes on record since 2011: 2 appointments and 3 cessations. The latest: Thulasi Ram ceased to be Director on 10 Oct 2018.
Frequently asked questions
Weston Lifts is an active private limited company based in Chennai, Tamil Nadu, India. The company works in material handling and storage equipment, within the machinery and equipment industry. It was incorporated on 30 September 2009 (17+ years old) and is registered under CIN U29253TN2009PTC073038.
Weston Lifts has 2 current directors:
- Sathish Kutty - Director
- Ramachandran Nagarajan - Director
The latest financial statements of Weston Lifts on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
No. Weston Lifts has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Weston Lifts is U29253TN2009PTC073038. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Weston Lifts has 11 court cases on record: 3 filed by the company and 8 filed against it. 3 are pending. Most are in the district courts.
Weston Lifts was incorporated on 30 September 2009, making it 17+ years old. It is registered with the Registrar of Companies, Chennai.
Thulasi Ram ceased to be Director on 10 Oct 2018. Nisar Ahmed Jaffer ceased to be Director on 15 May 2015. Parthasarathy Hari Krishnan ceased to be Director on 30 Jul 2012. Weston Lifts has 5 board changes on record in total.
Weston Lifts can be reached through the website westonlifts.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Weston Lifts is at Plot No.1 Nadesan Nagar Athipet, Chennai, Tamil Nadu, India – 600058.
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