Walwhan Solar Ap Limited - Due diligence report

A 360° intelligence report on Welspun Energy: trust score, financial health, credit view, compliance, directors, growth and distress signals…

2008-02-11 Mumbai, Maharashtra Amalgamated Unlisted Active Compliant
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WS Walwhan Solar Ap Limited
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Welspun Energy — 360° Intelligence Report

Generated from MCA filings & public records
62/100
Trust Score
Moderate

Welspun Energy is assessed as Moderate with a Trust Score of 62/100. Welspun Energy is a public limited indian non-government company incorporated in 2008, operating in the Environment sector. Reported revenue has declined across its recent filed years. It was profitable in its latest filed year. Based on MCA filings and public records, it currently shows a high compliance risk and moderate financial risk profile.

Report generated on 04 Jul 2026 from the latest processed filings. Walwhan Solar Ap Limited snapshot & full profile →

Financial Health › Strong
Overall Assessment CautionWeakNeutralGoodStrong Good
Compliance › Caution

Automated indicators derived from public MCA / GST / EPFO records - not a credit rating, not investment, legal or financial advice. Spotted an inaccuracy? Report an error.

02

Score Card

Higher is safer · rule-based & explainable
Trust ScoreModerate
62/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
25/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreModerate
70/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreModerate
70/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
95/100
Board strength, DIN status, churn and network.
Growth ScoreCaution Indicated
40/100
Revenue, profit, asset and hiring momentum.
Distress ScoreModerate
50/100
Early-warning signals - higher means fewer warnings.
03

Financial Intelligence Dashboard

Standalone · 5 filed year(s)

Unlock the full 5-year financial dashboard with charts and year-wise figures.

Get full access

Scores and observations on this page are already computed from the real filings - only the underlying figures are locked.

04

Credit & Compliance Intelligence

Why the scores are what they are
Credit Risk Score: 70/100 Moderate
  • No open charges - unencumbered balance sheet.
  • Profitable - internal accruals available.

Charges position: 0 open (-) · 8 satisfied (2,264.38 cr).

Banking relationships (from registered charges)
LenderChargesAmount
Idbi Trusteeship Services Limited1 48.0 cr
Centbank Financial Services Limited1 48.0 cr
Others1 48.0 cr
Central Bank Of India1 48.0 cr
Indusind Bank Ltd.1 48.0 cr
Icici Bank Limited1 48.0 cr
Compliance Score: 25/100 Caution Indicated
  • Company status is "Amalgamated" - not Active.
  • Balance sheet slightly behind (Mar 2024).
  • 3 auditor resignation(s) filed - latest: S. R. BATLIBOI & CO. LLP on 2018-09-28.
  • Delayed payments to MSME suppliers disclosed (2 disclosure(s)).
  • 2 active GST registration(s).
05

Director Intelligence

Stability score: 95/100
NameDIN / PANDesignationAppointedTenureDIN status
ASHWINIKUMAR GANPATRAO PATIL 01234567 Director 01/04/2018 6 yrs Approved
ASHWINIKUMAR GANPATRAO PATIL 01234567 Director 01/04/2018 6 yrs Approved
DANISH AFROZ 01234567 Director 01/04/2018 6 yrs Approved
PRASHANT VASANT JOSHI 01234567 Director 01/04/2018 6 yrs Approved
BEHRAM PHIROZE MEHTA 01234567 Director 01/04/2018 6 yrs Approved
Behram Phiroze Mehta 01234567 Director 01/04/2018 6 yrs Approved
MAHESH DINKAR PARANJPE 01234567 Director 01/04/2018 6 yrs Approved
  • 7 directors on the board.
  • No disqualified or deactivated DINs.
  • Stable board - no exits in 3 years.
  • Average tenure above 5 years.
Director & KMP remuneration (FY 2018)
NameDesignationTotal remuneration
A K SharmaManaging Director2.4 cr
R MehtaWhole-time Director1.6 cr
S IyerCFO95.0 L

Remuneration is disclosed in the latest annual return. Unlock full report

06

Ownership & Group Intelligence

As per FY 2024 annual return
Promoter holding
64.27%
Public / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
Walwhan Renewable Energy Limited
Subsidiaries
1
Group entities
3
Capital events
3 allotment(s) · 18 transfer(s)

Promoters hold a dominant controlling stake - exact percentages are part of the full report.

Group entityRelationship% held
Walwhan Solar Ka Limited Subsidiary Company 74.00%
Walwhan Renewable Energy Limited Holding Company 74.00%
Walwhan Solar Energy Gj Limited Associate Company 74.00%
Northwest Energy Private Limited Associate Company 74.00%

Key managerial personnel: ASHWINIKUMAR GANPATRAO PATIL (CEO) · ASHWINIKUMAR GANPATRAO PATIL (CEO) · BEHRAM PHIROZE MEHTA (CFO) · Behram Phiroze Mehta (CFO)

Full shareholding pattern, group structure & capital events →

07

Risk Intelligence Center

Growth 40 · Distress 50
Growth signals & trust indicators
Operating for 18+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Adverse company status: Amalgamated.
Compliance score is weak (25/100).
3 auditor resignation(s) on record - review the stated reasons.
MSME payment delays disclosed - latest outstanding 2.49 Lakh.
08

Stakeholder Verdicts

Vendor · Banker · Investor
Vendor due diligence44/100
Caution indicated
Suitability as a supplier / customer counterparty.
  • Check the compliance flags before onboarding.
  • 2 distress signal(s) - see Risk Center.
  • Financial filings available for verification.
Banker assessment59/100
Mixed indicators - deeper appraisal suggested
Indicative lending comfort for banks, NBFCs and trade credit.
  • Debt capacity assessed from filed statements.
  • No existing security registered - first-charge position available.
  • Compliance gaps should be priced into terms.
Investor view56/100
Mixed indicators
Growth quality and scalability through an investor lens.
  • No clear growth signals in the filed years.
  • Margin and return trends computable from filings.
  • Management team looks stable.
09

MCA Filings & Events Timeline

Latest 15 events
09 Jul 2024
Last AGM held
Annual general meeting
31 Mar 2024
Latest balance sheet
Filed with ROC
05 Aug 2022
Director ceased
DANISH AFROZ
Director ceased
PRASHANT VASANT JOSHI
16 Jun 2022
Director appointed
PRASHANT VASANT JOSHI (Director)
27 Jan 2022
Director appointed
DANISH AFROZ (Director)
Director ceased
AMEY SURESH NAIK
19 Aug 2020
Director appointed
ASHWINIKUMAR GANPATRAO PATIL (CEO)
08 Aug 2019
Director ceased
ADITYA SHRINIWAS GUPTA
31 Mar 2019
Share transfer (FY 2019)
1.00000000 shares to RAJIV BABAJI SAMANT
Share transfer (FY 2019)
1.00000000 shares to BEHRAM PHIROZE MEHTA
Share transfer (FY 2019)
1.00000000 shares to MAHESH DINKAR PARANJPE
Share transfer (FY 2019)
1.00000000 shares to GAUTAM ATTRAVANAM
11 Mar 2019
Director appointed
BEHRAM PHIROZE MEHTA (CFO)
Director appointed
Behram Phiroze Mehta (CFO)
10

Key Observations

Auto-generated from the data above
Revenue declined 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - leverage worth monitoring.
Net worth is positive.
7 active director(s) / partner(s); board looks stable and experienced.
2 active GST registration(s) indicate ongoing business operations.
All 8 registered charge(s) stand satisfied - past borrowings repaid.
Operates a group structure with 1 subsidiary(ies) - assess on a consolidated basis.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a dominant controlling stake as per the FY 2024 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 3 security allotment(s) - amounts available in the full report.
11

Peers & Related Companies

Full peer comparison →
CompanyCINLocation
Drashta Green Power Limited U40109GJ2006PLC049145 Ahmedabad, Gujarat, India
Sunedison U40300MH2012PTC331320 Borivali West, Maharashtra, India
Ril L65990MH1984PLC033878 Mumbai, Maharashtra, India
Uttar Bharat Hydro Power Private Limited U27106DL1991PTC162598 Delhi, Delhi, India
Four Ef Renewables Private Limited U45500KA2017PTC108793 Bangalore North, Karnataka, India
Mac Charles (India) L55101KA1979PLC003620 Bangalore, Karnataka, India
Poolavadi Windfarm Limited U40300MH2016PLC271899 Mumbai, Maharashtra, India
Sanjanacryogenic U40106MH1999PLC121459 Mumbai, Maharashtra, India
12

Who Uses This Report

CA · CS · Banker · Investor · Vendor
Chartered Accountants (CA)

Verify Welspun Energy before audits and certifications: compliance score 25/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.

Company Secretaries (CS)

Track statutory health of Welspun Energy: ACTIVE compliance status, annual-return recency, director DIN status, board churn and the events timeline - the inputs for secretarial audits and due-diligence certificates.

Bankers & NBFCs

Current banker verdict: Mixed indicators - deeper appraisal suggested. Credit risk score 70/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.

Investors & Analysts

Investor view: Mixed indicators. Growth score 40/100, margin trends, ownership structure and peer set for Welspun Energy - screening before a deeper diligence.

Vendors & Procurement Teams

Vendor verdict: Caution indicated. Trust score 62/100, distress signals and MSME payment-delay disclosures - know whether Welspun Energy pays its suppliers before you extend credit terms.

Lawyers & Compliance Teams

Litigation footprint (no cases on record), regulatory flags, charge documents trail and director networks for Welspun Energy - groundwork for KYC, onboarding and disputes.

13

Frequently Asked Questions

Is Welspun Energy an active company?

Welspun Energy has MCA status “Amalgamated” with a compliance score of 25/100 (Caution Indicated).

Is Welspun Energy financially healthy?

Welspun Energy has a Financial Health Score of 70/100 (Moderate) based on its filed financial statements.

Should I do business with Welspun Energy?

Its overall Trust Score is 62/100 (Moderate). Vendor verdict: Caution indicated. Review the risk flags in the Risk Intelligence Center before deciding.

Who controls Welspun Energy?

The ultimate holding entity is Walwhan Renewable Energy Limited. 7 active director(s) are on record.

Does Welspun Energy have loans or charges against its assets?

No open charges - all 8 registered charge(s) stand satisfied, indicating past borrowings were repaid.

Is Welspun Energy up to date with its ROC filings?

Balance sheet slightly behind (Mar 2024). Overall compliance score: 25/100 (Caution Indicated).

Is it risky to lend to Welspun Energy?

Its Credit Risk Score is 70/100 (Moderate). Banker verdict: Mixed indicators - deeper appraisal suggested.

Disclaimer: This report is generated automatically from MCA filings and public records as available in our system at the time of the last update. Scores, bands and verdicts are rule-based derived indicators of the underlying data - they are opinions generated by an algorithm, not statements of fact about the company, and are not credit ratings (within the meaning of SEBI regulations), audits, or investment, legal or financial advice. Verify from official sources and consult a qualified professional before any business, lending or investment decision. If you represent this company and believe any information is inaccurate or outdated, report it here and we will review promptly.