Westway Electronics Profile
Key Indicators
- Authorised Capital ₹ 1.00 Cr
- Paid Up Capital ₹ 6.00 M
- Company Age 30 Year, 7 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 95.48 Cr
- Satisfied Charges ₹ 56.96 Cr
- Revenue Growth 8.69%
- Profit Growth 3.66%
- Ebitda 28.00%
- Net Worth 22.14%
- Total Assets 11.04%
About Westway Electronics
Westway Electronics Limited (WEL) is a leading Public Limited Indian Non-Government Company incorporated in India on 07 September 1994 and has a history of 30 years and seven months. Its registered office is in Delhi, India.
The Corporate was formerly known as Westway Leasing & Finance Limited. The Company is engaged in the Consumer Electronics & Durables Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 1.00 Cr and a paid-up capital of Rs 6.00 M.
The company currently has active open charges totaling ₹95.48 Cr. The company has closed loans amounting to ₹56.96 Cr, as per Ministry of Corporate Affairs (MCA) records.
Rajender Maini, Sumit Maini, Amit Maini, and Two other members serve as directors at the Company.
Company Details
- Location
Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U74899DL1994PLC061330
- Company No.
061330
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
07 Sep 1994
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
Consumer Electronics & Durables
What products or services does Westway Electronics Limited offer?
Westway Electronics Limited offers a wide range of products and services, including Computer Hardware & Peripherals, Graphics Card, Air Coolers, Infrared Thermometer & Thermal Camera Raw Materials, LCD Display, Computer Monitors, LED Monitor, Smart Watch, Bluetooth Smart Watch, Smart TV.
Westway Electronics Limited
Explore comprehensive data for Westway Electronics Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Westway Electronics?
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajender Maini  | Director | 29-Aug-2001 | Current |
| Sumit Maini | Director | 01-Mar-2005 | Current |
| Amit Maini | Director | 01-Mar-2005 | Current |
| Inder Oberai | Director | 12-Sep-2022 | Current |
| Shushma Maini | Director | 10-Sep-2024 | Current |
Financial Performance of Westway Electronics.
Westway Electronics Limited, for the financial year ended 2024, experienced modest growth in revenue, with a 8.69% increase. The company also saw a slight improvement in profitability, with a 3.66% increase in profit. The company's net worth Soared by an impressive increase of 22.14%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Westway Electronics?
In 2024, Westway Electronics had a promoter holding of 91.66% and a public holding of 8.34%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
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Charges (Loans)
Open Charges
₹95.48 Cr
Satisfied Charges
₹56.96 Cr
Charges Breakdown by Lending Institutions
- Yes Bank Limited : 54.79 Cr
- Others : 23.00 Cr
- The Hongkong And Shanghai Banking Corporation Limited : 14.00 Cr
- Tata Capital Financial Services Limited : 3.00 Cr
- Hdfc Bank Limited : 0.70 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Aug 2024 | Yes Bank Limited | ₹5.11 M | Open |
| 31 May 2024 | The Hongkong And Shanghai Banking Corporation Limited | ₹10.00 Cr | Open |
| 31 May 2024 | The Hongkong And Shanghai Banking Corporation Limited | ₹4.00 Cr | Open |
| 11 Sep 2023 | Tata Capital Financial Services Limited | ₹3.00 Cr | Open |
| 12 Apr 2023 | Others | ₹15.00 Cr | Open |
How Many Employees Work at Westway Electronics?
Westway Electronics has a workforce of 59 employees as of Mar 13, 2025. 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Westway Electronics, 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 Westway Electronics'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.
Latest Updates, News, and FAQs on Westway Electronics
Recent activity within the organization
- Charges
A charge with Others of Rs. 15.00 Cr registered on 12 Apr 2023 with Charge ID 100710170 was modified on 16 Jan 2025.
- Charges
A charge registered on 13 Feb 2023 via Charge ID 100688883 with Hdfc Bank Limited was fully satisfied on 19 Oct 2024.
- Annual General Meeting
Westway Electronics Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Director Appointment
Shushma Maini was appointed as a Director was appointed as a Director on 10 Sep 2024 & has been associated with this company since 7 months 9 days .
- Charges
A charge with Yes Bank Limited amounted to Rs. 0.51 Cr with Charge ID 100998684 was registered on 29 Aug 2024.
- Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 10.00 Cr with Charge ID 100941115 was registered on 31 May 2024.
Recent News, Updates & Announcement
- Weston launches 32-inch LED TV at ₹12,000, targets South India market | Mint.
A 32-inch Weston LED TV starts from ₹12,000 and entry-level Smart TVs are priced at ₹14,000 apiece.Weston entered Tamil Nadu, Karnataka and Kerala on 1 April and will foray into Andhra and Telangana soon.
Frequently asked questions
What is the Incorporation or founding date of Westway Electronics Limited?
Westway Electronics Limited was incorporated on 07 Sep 1994.
What is authorized share capital and paid-up capital of Westway Electronics Limited?
The authorized share capital of Westway Electronics Limited is ₹ 1.00 Cr and paid-up capital is ₹ 6.00 M.
Who are the current board members & directors of Westway Electronics Limited?
Currently 5 directors are associated with Westway Electronics Limited.
- Rajender Maini
- Sumit Maini
- Amit Maini
- Inder Pal Oberai
- Shushma Maini
What is the registered address of Westway Electronics Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Westway Electronics Limited is R-73 Ground Floor Greater Kailash, Part -1 India, New Delhi, 110048.
What is the corporate identification number (CIN) and company number of Westway Electronics Limited?
The corporate identification number (CIN) of Westway Electronics Limited is U74899DL1994PLC061330 and the company number is 061330 as per Ministry of Corporate Affairs (MCA).
What is the official website of Westway Electronics Limited?
The Official website of Westway Electronics Limited is https://www.westwayelectronics.com
What has been the recent revenue trend for Westway Electronics Limited?
According to the financial reports for the fiscal year 2024, the revenue trend for Westway Electronics Limited has risen by 8.69%.
How many employees does Westway Electronics Limited currently have?
As Per 2024 financial reports, 59 employees are currently employed by Westway Electronics Limited.
What change has been observed in the net worth of Westway Electronics Limited, and by what percentage?
The financial reports for the fiscal year 2024 indicates that The net worth of Westway Electronics Limited has experienced an upsurge of 22.14%.
What are the total open charges for Westway Electronics Limited?
As per the financial statements for fiscal Year 2024, The total open charges for Westway Electronics Limited amount to ₹ 95.48 Cr.
When was the last Balance Sheet of Westway Electronics Limited filed with the ROC?
The most recent Balance Sheet for Westway Electronics Limited was filed with the ROC on 31 Mar 2024.
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