Promoter holding
64.27%
WC
Welspun Corp Limited - Due diligence report
A 360° intelligence report on Welspuncorp: trust score, financial health, credit view, compliance, directors, growth and distress signals - …
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Welspuncorp — 360° Intelligence Report
Generated from MCA filings & public records71/100
Trust Score
Moderate
Welspuncorp is assessed as Moderate with a Trust Score of 71/100. Welspuncorp is an active public limited indian non-government company incorporated in 1995, operating in the Manufacturing sector. The company has shown revenue growth 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 low financial risk profile.
Report generated on 09 Aug 2026 from the latest processed filings. Welspun Corp Limited snapshot & full profile →
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 & explainableTrust ScoreModerate
71/100
Overall counterparty trust - the headline number of this report.
Compliance ScoreCaution Indicated
42/100
Statutory standing - status, filings, auditor, MSME and litigation.
Financial Health ScoreLow Risk
75/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
95/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
90/100
Board strength, DIN status, churn and network.
Growth ScoreLow Risk
95/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
75/100
Early-warning signals - higher means fewer warnings.
03
Financial Intelligence Dashboard
Consolidated · 5 filed year(s)Unlock the full 5-year financial dashboard with charts and year-wise figures.
Get full accessScores 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: 95/100 Low Risk
- Liabilities ≈ 38% EBITDA - serviceable.
- Moderate gearing (D/E 1.42).
- Profitable - internal accruals available.
- Externally credit-rated (A).
Charges position: 2 open (5,506.50 cr) · 64 satisfied (12,762.37 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Idbi Trusteeship Services Limited | 15 | 48.0 cr |
| Bankofbaroda | 5 | 48.0 cr |
| Others | 10 | 48.0 cr |
| Ifci Limited | 12 | 48.0 cr |
| Yes Bank Limited | 1 | 48.0 cr |
| Canara Bank | 1 | 48.0 cr |
Compliance Score: 42/100 Caution Indicated
- Company status is Active as per MCA.
- Annual filings current (balance sheet Mar 2025).
- Flagged by authority: SEBI.
- Litigation present in 4 court forum(s).
- Delayed payments to MSME suppliers disclosed (8 disclosure(s)).
- 17 active GST registration(s).
Legal cases on record (4)
05
Director Intelligence
Stability score: 90/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| DIPALI HEMANT SHETH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH RAMESHKUMAR MANDAWEWALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANEESH MISRA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PERCY KERSHASP BIRDY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAGHUPAL SINGH | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAVINDRA PANDEY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIPUL MATHUR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ANJANI KUMAR AGRAWAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| VIPUL MATHUR | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MANISH BALKISHAN CHOKHANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| CHANDRA SHEKHAR VERMA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BALKRISHAN GOPIRAM GOENKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| KAMAL RATHI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| PERCY KERSHASP BIRDY | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Percy Birdy | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 15 directors on the board.
- No disqualified or deactivated DINs.
- 1 director exit(s) in the last 3 years.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2023)
| Name | Designation | Total remuneration |
|---|---|---|
| A K Sharma | Managing Director | 2.4 cr |
| R Mehta | Whole-time Director | 1.6 cr |
| S Iyer | CFO | 95.0 L |
Remuneration is disclosed in the latest annual return. Unlock full report
06
Ownership & Group Intelligence
As per FY 2025 annual returnPublic / other holding
35.73%
Equity shares
12,45,67,890
Equity paid-up
124.5 cr
Promoters on record
4
Ultimate holding entity
-
Subsidiaries
6
Group entities
8
Capital events
33 allotment(s) · 0 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Anjar Tmt Steel Private Limited | Subsidiary Company | 74.00% |
| Mahatva Plastic Products And Building Materials Private Limited | Subsidiary Company | 74.00% |
| Nauyaan Shipyard Private Limited | Subsidiary Company | 74.00% |
| Sintex Holdings Bv | Subsidiary Company | 74.00% |
| Sintex Logistics Llc | Subsidiary Company | 74.00% |
| Sintex Prefab And Infra Limited | Subsidiary Company | 74.00% |
| Sintex-bapl Limited | Subsidiary Company | 74.00% |
| Welspun Di Pipes Limited | Subsidiary Company | 74.00% |
| Welspun Pipes Inc | Subsidiary Company | 74.00% |
| Welspun Global Trade Llc | Subsidiary Company | 74.00% |
Key managerial personnel: PERCY KERSHASP BIRDY (CFO) · VIPUL MATHUR (CEO) · VIPUL MATHUR (Managing Director) · PERCY KERSHASP BIRDY (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 95 · Distress 75
Growth signals & trust indicators
Revenue acceleration: +2.1x over 4 year(s).
Profit expanded 24% year-on-year.
Asset base grew 0.86 - capacity expansion.
Net margin improved to 61%.
EPFO headcount growing - hiring signal.
Operating for 31+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Revenue declined year-on-year.
Compliance score is weak (42/100).
2 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 46.91 cr.
4 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence61/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- 1 distress signal(s) - see Risk Center.
- Financial filings available for verification.
Banker assessment76/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 2 open charge(s) of 5,506.50 cr already registered.
- Compliance gaps should be priced into terms.
Investor view82/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 5 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events26 Feb 2026
Charge satisfied
Idbi Trusteeship Services Limited
18 Nov 2025
Charge created
Others - 6.50 cr
10 Nov 2025
Charge satisfied
Others
07 Nov 2025
Charge satisfied
Others
31 Oct 2025
Charge satisfied
Others
30 Oct 2025
Charge satisfied
Yes Bank Limited
22 Aug 2025
Charge satisfied
Others
31 Jul 2025
Last AGM held
Annual general meeting
03 Jul 2025
Charge satisfied
Axis Bank Limited
09 Jun 2025
Charge satisfied
Others
16 May 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
20 Mar 2025
Charge created
Others - 15.25 cr
17 Feb 2025
Charge satisfied
Idbi Trusteeship Services Limited
09 Dec 2024
Director appointed
RAGHUPAL SINGH (Nominee Director)
10
Key Observations
Auto-generated from the data aboveRevenue grew 38% over the last 4 financial year(s).
Net profit margin moved from 1.42 to 2.1x.
Debt-to-equity stands at 24% - manageable leverage.
Net worth is positive.
15 active director(s) / partner(s); board looks stable and experienced.
17 active GST registration(s) indicate ongoing business operations.
Operates a group structure with 6 subsidiary(ies) - assess on a consolidated basis.
Carries an external credit rating of A from Brickwork.
EPFO-registered employer - verifiable payroll history exists.
Promoters hold a minority stake as per the FY 2025 annual return.
Director / KMP remuneration is disclosed in the latest annual return - exact figures available in the full report.
Capital has been raised through 33 security allotment(s) - amounts available in the full report.
2 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Viraj Steel And Energy Private Limited | U27107DL2004PTC126480 | New Delhi, Delhi, India |
| Rmg Alloy Steel | L27100GJ1980PLC020358 | Jhagadia, Gujarat, India |
| Welspun Di Pipes | U27320GJ2020PLC115329 | Anjar, Gujarat, India |
| Anjar Tmt Steel Private Limited | U27209GJ2021PTC122227 | Anjar, Gujarat, India |
| Shyam Sel And Power Limited | U27109WB1991PLC052962 | Kolkata, West Bengal, India |
| Frontier Springs | L17119UP1981PLC005212 | Kanpur Dehat, Uttar Pradesh, India |
| Posco Maharashtra Steel Private Limited | U27100MH2009PTC190873 | Mangaon, Maharashtra, India |
| Mangal Industries Limited | U15122AP1990PLC011932 | A.P., Andhra Pradesh, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Welspuncorp before audits and certifications: compliance score 42/100, filing history, auditor history and charge records in one place - instead of pulling each MCA form separately.
Company Secretaries (CS)
Track statutory health of Welspuncorp: 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: Favourable lending indicators. Credit risk score 95/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 95/100, margin trends, ownership structure and peer set for Welspuncorp - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 71/100, distress signals and MSME payment-delay disclosures - know whether Welspuncorp pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (4 case(s) on record), regulatory flags, charge documents trail and director networks for Welspuncorp - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Welspuncorp an active company?
Welspuncorp has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Welspuncorp financially healthy?
Welspuncorp has a Financial Health Score of 75/100 (Low Risk) based on its filed financial statements.
Should I do business with Welspuncorp?
Its overall Trust Score is 71/100 (Moderate). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Welspuncorp?
Promoters hold a minority stake - exact percentages are in the full report. 15 active director(s) are on record.
Does Welspuncorp have loans or charges against its assets?
2 open charge(s) are registered against its assets, and 64 earlier charge(s) stand satisfied.
Is Welspuncorp up to date with its ROC filings?
Annual filings current (balance sheet Mar 2025). Overall compliance score: 42/100 (Caution Indicated).
Is it risky to lend to Welspuncorp?
Its Credit Risk Score is 95/100 (Low Risk). Banker verdict: Favourable lending indicators.
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.
