Promoter holding
64.27%
WL
Welspun Living Limited - Due diligence report
A 360° intelligence report on Welspunindia: trust score, financial health, credit view, compliance, directors, growth and distress signals -…
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Welspunindia — 360° Intelligence Report
Generated from MCA filings & public records76/100
Trust Score
Low Risk
Welspunindia is assessed as Low Risk with a Trust Score of 76/100. Welspunindia is an active public limited indian non-government company incorporated in 1985, operating in the Consumer Goods 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 29 Jul 2026 from the latest processed filings. Welspun Living 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 ScoreLow Risk
76/100
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
90/100
Profitability, leverage and liquidity from filed statements.
Credit Risk ScoreLow Risk
80/100
Debt capacity, gearing and security cover for lenders.
Director Stability ScoreLow Risk
80/100
Board strength, DIN status, churn and network.
Growth ScoreModerate
65/100
Revenue, profit, asset and hiring momentum.
Distress ScoreLow Risk
90/100
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: 80/100 Low Risk
- Moderate gearing (D/E 38%).
- Profitable - internal accruals available.
- Externally credit-rated (AA).
Charges position: 5 open (2,913.50 cr) · 85 satisfied (8,635.27 cr).
Banking relationships (from registered charges)
| Lender | Charges | Amount |
|---|---|---|
| Others | 15 | 48.0 cr |
| Idbi Trusteeship Services Limited | 12 | 48.0 cr |
| State Bank Of Bikaner And Jaipur | 10 | 48.0 cr |
| Statebankofbikanerandjaipur | 3 | 48.0 cr |
| Punjab National Bank | 3 | 48.0 cr |
| Idbi Bank Limited | 2 | 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: DSE, NSDL, SEBI.
- Litigation present in 3 court forum(s).
- Delayed payments to MSME suppliers disclosed (51 disclosure(s)).
- 6 active GST registration(s).
Legal cases on record (3)
05
Director Intelligence
Stability score: 80/100| Name | DIN / PAN | Designation | Appointed | Tenure | DIN status |
|---|---|---|---|---|---|
| NAIYYA SAGGI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RAJESH RAMESHKUMAR MANDAWEWALA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DIPALI BALKRISHAN GOENKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| DIPALI BALKRISHAN GOENKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| RITU NIRAJ ANAND | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| BALKRISHAN GOPIRAM GOENKA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SUNIL DUGGAL | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SHASHIKANT BHAUSAHEB THORAT | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| MURALI SIVARAMAN | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| SANJAY GUPTA | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| ALTAF A JIWANI | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
| Manish Bansal | 01234567 | Director | 01/04/2018 | 6 yrs | Approved |
- 12 directors on the board.
- No disqualified or deactivated DINs.
- 5 director exits in 3 years - high churn.
- Average tenure above 5 years.
Director & KMP remuneration (FY 2024)
| 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
-
Group entities
-
Capital events
35 allotment(s) · 1 transfer(s)
Promoters hold a minority stake - exact percentages are part of the full report.
| Group entity | Relationship | % held |
|---|---|---|
| Anjar Integrated Textile Park Developers Private Limited | Subsidiary Company | 74.00% |
| Anjar Terry Towels Limited | Subsidiary Company | 74.00% |
| Besa Developers And Infrastructure Private Limited | Subsidiary Company | 74.00% |
| Welspun Advanced Materials (india) Limited | Subsidiary Company | 74.00% |
| Welspun Anjar Sez Limited | Subsidiary Company | 74.00% |
| Welspun Flooring Limited | Subsidiary Company | 74.00% |
| Welspun Home Solutions Limited | Subsidiary Company | 74.00% |
| Welspun Nexgen Inc. | Subsidiary Company | 74.00% |
| Welspun Zucchi Textiles Limited | Subsidiary Company | 74.00% |
| Tilt Innovations Inc. | Subsidiary Company | 74.00% |
Key managerial personnel: RAJESH RAMESHKUMAR MANDAWEWALA (Whole-time director) · DIPALI BALKRISHAN GOENKA (Managing Director) · DIPALI BALKRISHAN GOENKA (CEO) · SANJAY GUPTA (CFO) · ALTAF A JIWANI (Whole-time director) · Manish Bansal (CFO)
Full shareholding pattern, group structure & capital events →
07
Risk Intelligence Center
Growth 65 · Distress 90
Growth signals & trust indicators
Steady revenue growth: +1.42 over 4 year(s).
EPFO headcount growing - hiring signal.
Operating for 41+ years.
Active EPFO - real payroll on record.
Active GST registration(s).
Distress signals & risk flags
Compliance score is weak (42/100).
5 open charge(s) registered - assets are encumbered.
MSME payment delays disclosed - latest outstanding 5.57 cr.
3 court case(s) on record - see the legal section for details.
08
Stakeholder Verdicts
Vendor · Banker · InvestorVendor due diligence67/100
Review suggested
Suitability as a supplier / customer counterparty.
- Check the compliance flags before onboarding.
- No distress signals on file.
- Financial filings available for verification.
Banker assessment74/100
Favourable lending indicators
Indicative lending comfort for banks, NBFCs and trade credit.
- Debt capacity assessed from filed statements.
- 5 open charge(s) of 2,913.50 cr already registered.
- Compliance gaps should be priced into terms.
Investor view76/100
Positive growth indicators
Growth quality and scalability through an investor lens.
- 2 growth signal(s) detected.
- Margin and return trends computable from filings.
- Management team looks stable.
09
MCA Filings & Events Timeline
Latest 15 events01 Jan 2026
Director appointed
Manish Bansal (CFO)
15 Oct 2025
Director ceased
SANJAY GUPTA
07 Oct 2025
Charge satisfied
Others
08 Sep 2025
Last AGM held
Annual general meeting
25 Jul 2025
Charge satisfied
Others
31 Mar 2025
Latest balance sheet
Filed with ROC
18 Feb 2025
Charge satisfied
Others
08 Nov 2024
Charge satisfied
Idbi Trusteeship Services Limited
22 Oct 2024
Charge satisfied
Yes Bank Limited
25 Sep 2024
Director ceased
RITU NIRAJ ANAND
03 Sep 2024
Director appointed
RITU NIRAJ ANAND (Director)
20 Jul 2024
Director ceased
NAIYYA SAGGI
27 Apr 2024
Director ceased
SUNIL DUGGAL
25 Apr 2024
Director appointed
NAIYYA SAGGI (Director)
09 Feb 2024
Charge satisfied
Idbi Trusteeship Services Limited
10
Key Observations
Auto-generated from the data aboveRevenue grew 2.1x over the last 4 financial year(s).
Net profit margin moved from 24% to 0.86.
Debt-to-equity stands at 61% - manageable leverage.
Net worth is positive.
12 active director(s) / partner(s); board looks stable and experienced.
6 active GST registration(s) indicate ongoing business operations.
Carries an external credit rating of AA from Indiarating.
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 35 security allotment(s) - amounts available in the full report.
6 overseas direct investment(s) (ODI) on record - international footprint.
| Company | CIN | Location |
|---|---|---|
| Abfrl | L18101MH2007PLC233901 | Mumbai, Maharashtra, India |
| Wpl | U17114DD1996PLC009827 | Nani Daman, Daman And Diu, India |
| Trident Group | L99999PB1990PLC010307 | Barnala, Punjab, India |
| Omnipremise | L17119GJ1931PLC000093 | Ahmedabad, Gujarat, India |
| Indo Cotspin | L17111HR1995PLC032541 | Panipat, Haryana, India |
| Partap Industries Limited | L15142PB1988PLC008614 | Punjab, Punjab, India |
| Vardhman | U17230PB2005PLC027936 | Ludhiana., Punjab, India |
| Vardhman Textiles | L17111PB1973PLC003345 | Ludhiana, Punjab, India |
12
Who Uses This Report
CA · CS · Banker · Investor · VendorChartered Accountants (CA)
Verify Welspunindia 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 Welspunindia: 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 80/100, existing charge position and lender relationships - a first-pass credit memo before formal appraisal.
Investors & Analysts
Investor view: Positive growth indicators. Growth score 65/100, margin trends, ownership structure and peer set for Welspunindia - screening before a deeper diligence.
Vendors & Procurement Teams
Vendor verdict: Review suggested. Trust score 76/100, distress signals and MSME payment-delay disclosures - know whether Welspunindia pays its suppliers before you extend credit terms.
Lawyers & Compliance Teams
Litigation footprint (3 case(s) on record), regulatory flags, charge documents trail and director networks for Welspunindia - groundwork for KYC, onboarding and disputes.
13
Frequently Asked Questions
Is Welspunindia an active company?
Welspunindia has MCA status “Active” with a compliance score of 42/100 (Caution Indicated).
Is Welspunindia financially healthy?
Welspunindia has a Financial Health Score of 90/100 (Low Risk) based on its filed financial statements.
Should I do business with Welspunindia?
Its overall Trust Score is 76/100 (Low Risk). Vendor verdict: Review suggested. Review the risk flags in the Risk Intelligence Center before deciding.
Who controls Welspunindia?
Promoters hold a minority stake - exact percentages are in the full report. 12 active director(s) are on record.
Does Welspunindia have loans or charges against its assets?
5 open charge(s) are registered against its assets, and 85 earlier charge(s) stand satisfied.
Is Welspunindia 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 Welspunindia?
Its Credit Risk Score is 80/100 (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.
