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ActiveMumbai, MaharashtraSince 1973

Welspun Michigan Engineers Limited

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Set up in 1973 in Mumbai. It has pledged its assets against loans of up to ₹390.05 crore from 3 lenders.

CINU45300MH1973PLC016515
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53 years at a glance

Loans against its assets, and when today's people joined

197419761978198019821984198619881990199219941996199820002002200420062008201020122014201620182020202220242026LOANS AGAINST ITS ASSETSTODAY'S PEOPLE, WHEN THEY JOINEDRegistered as a companyBank of Baroda, up to ₹20 crore, 25 Jun 1990 to 28 Jun 2016Yes Bank Limited, up to ₹4 crore, 18 May 2007 to 20 Mar 2012Yes Bank Limited, up to ₹240 crore, 22 Dec 2007 to still openStandard Chartered Bank, up to ₹11.95 crore, 7 Jan 2008 to 13 Oct 2011Axis Bank Limited, up to ₹150 crore, 12 Mar 2008 to still openStandard Chartered Bank, up to ₹30 crore, 26 Jun 2008 to 13 Oct 2011Axis Bank Limited, up to ₹15 crore, 19 Dec 2009 to 16 Jun 2015The Ratnakar Bank Limited, up to ₹5 crore, 11 Jan 2012 to 5 May 2015The Ratnakar Bank Limited, up to ₹5 crore, 11 Jan 2012 to 7 May 2015HDFC Bank Limited, up to ₹91 lakh, 7 Feb 2013 to 22 Sept 2025Reliance Capital LTD, up to ₹3.5 crore, 1 Jun 2014 to 1 Oct 2019Reliance Capital LTD, up to ₹15 crore, 12 Aug 2014 to 1 Oct 2019Reliance Capital LTD, up to ₹14 crore, 3 Nov 2016 to 1 Oct 2019Axis Bank Limited, up to ₹12.48 lakh, 7 Mar 2017 to 13 Jan 2025Reliance Commercial Finance Limited, up to ₹12.16 crore, 31 Aug 2017 to 1 Oct 2019Reliance Commercial Finance Limited, up to ₹7.84 crore, 1 Sept 2017 to 1 Oct 2019IDFC Bank Limited, up to ₹23.95 lakh, 29 Sept 2017 to 1 Sept 2025Bank of Baroda, up to ₹5 lakh, 21 Aug 2018 to still openHinduja Leyland Finance Limited, up to ₹25 lakh, 4 Sept 2018 to 26 Sept 2025BMW India Financial Services Private Limited, up to ₹23.12 lakh, 20 Jun 2019 to 22 Jun 2022Mahindra and Mahindra Financial Services Limited, up to ₹20.48 lakh, 12 Dec 2019 to 21 Apr 2025Mahindra and Mahindra Financial Services Limited, up to ₹24.54 lakh, 21 Dec 2019 to 21 Apr 2025Axis Bank Limited, up to ₹8.05 crore, 17 Jun 2020 to 3 Sept 2026Axis Bank Limited, up to ₹1.6 crore, 18 Dec 2021 to 3 Sept 2026Axis Bank Limited, up to ₹5.7 crore, 9 Sept 2022 to 19 Jun 2025Axis Bank Limited, up to ₹20 crore, 28 Aug 2023 to 5 Aug 2026Mahindra and Mahindra Financial Services Limited, up to ₹33 lakh, 5 Sept 2023 to 1 Oct 2025Mahindra and Mahindra Financial Services Limited, up to ₹33 lakh, 28 Sept 2023 to 19 Oct 2025Mahindra and Mahindra Financial Services Limited, up to ₹84.9 lakh, 9 Oct 2023 to 9 Dec 2025Mahindra and Mahindra Financial Services Limited, up to ₹84.9 lakh, 23 Nov 2023 to 24 Aug 2026Axis Bank Limited, up to ₹14.89 crore, 26 Jun 2024 to 5 Aug 2026
Loan still openLoan paid offSomeone joined, and is still there
  • 1973Registered as a company on 1 May 1973.
  • 2007Its biggest loan against assets, ₹240 crore with Yes Bank Limited, is still open.

Who runs it

This page does not list its directors yet. Open the company in Entiva to see who runs it on MCA's register today.

Who has lent to it

₹390.05 crorein loans backed by its assets, from 3 lenders

  • Yes Bank Limited₹240 crore

    Open, taken out 22 Dec 2007

  • Axis Bank Limited₹150 crore

    Open, taken out 12 Mar 2008

  • Bank of Baroda₹5 lakh

    Open, taken out 21 Aug 2018

28 earlier loans, now paid off
  • Axis Bank Limited26 Jun 2024 to 5 Aug 2026₹14.89 crore
  • Mahindra and Mahindra Financial Services Limited23 Nov 2023 to 24 Aug 2026₹84.9 lakh
  • Mahindra and Mahindra Financial Services Limited9 Oct 2023 to 9 Dec 2025₹84.9 lakh
  • Mahindra and Mahindra Financial Services Limited28 Sept 2023 to 19 Oct 2025₹33 lakh
  • Mahindra and Mahindra Financial Services Limited5 Sept 2023 to 1 Oct 2025₹33 lakh
  • Axis Bank Limited28 Aug 2023 to 5 Aug 2026₹20 crore
  • Axis Bank Limited9 Sept 2022 to 19 Jun 2025₹5.7 crore
  • Axis Bank Limited18 Dec 2021 to 3 Sept 2026₹1.6 crore
  • Axis Bank Limited17 Jun 2020 to 3 Sept 2026₹8.05 crore
  • Mahindra and Mahindra Financial Services Limited21 Dec 2019 to 21 Apr 2025₹24.54 lakh
  • Mahindra and Mahindra Financial Services Limited12 Dec 2019 to 21 Apr 2025₹20.48 lakh
  • BMW India Financial Services Private Limited20 Jun 2019 to 22 Jun 2022₹23.12 lakh
  • Hinduja Leyland Finance Limited4 Sept 2018 to 26 Sept 2025₹25 lakh
  • IDFC Bank Limited29 Sept 2017 to 1 Sept 2025₹23.95 lakh
  • Reliance Commercial Finance Limited1 Sept 2017 to 1 Oct 2019₹7.84 crore
  • Reliance Commercial Finance Limited31 Aug 2017 to 1 Oct 2019₹12.16 crore
  • Axis Bank Limited7 Mar 2017 to 13 Jan 2025₹12.48 lakh
  • Reliance Capital LTD3 Nov 2016 to 1 Oct 2019₹14 crore
  • Reliance Capital LTD12 Aug 2014 to 1 Oct 2019₹15 crore
  • Reliance Capital LTD1 Jun 2014 to 1 Oct 2019₹3.5 crore
  • HDFC Bank Limited7 Feb 2013 to 22 Sept 2025₹91 lakh
  • The Ratnakar Bank Limited11 Jan 2012 to 5 May 2015₹5 crore
  • The Ratnakar Bank Limited11 Jan 2012 to 7 May 2015₹5 crore
  • Axis Bank Limited19 Dec 2009 to 16 Jun 2015₹15 crore
  • Standard Chartered Bank26 Jun 2008 to 13 Oct 2011₹30 crore
  • Standard Chartered Bank7 Jan 2008 to 13 Oct 2011₹11.95 crore
  • Yes Bank Limited18 May 2007 to 20 Mar 2012₹4 crore
  • Bank of Baroda25 Jun 1990 to 28 Jun 2016₹20 crore

What its filings add

Welspun Michigan Engineers files these with the registrar. Entiva fetches and reads them for you.

  • Every year · AOC-4

    Revenue, profit and the balance sheet

    Its financial statements, year by year.

  • Every year · MGT-7

    Who owns it

    Its shareholders, and how much each one owns.

  • Each loan · CHG-1

    Each loan in detail

    The terms, and which assets back each loan.

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The details on this page come from public records, including MCA's register of companies as Entiva read it on . Things may have changed since. A loan amount is the most the lender can claim against the company's assets, not what is still owed.