02 Sep 2022
The 59th AGM of the Company was held on September 1 , 2022 at Sri Thyag Brahma Gana Sabha “Vani Mahal” 103, Gopathi Narayanaswami Chetty Road , T.Nagar,Chennai – 600017. This AGM has lot of significance as the Company after going through a turbulent period in the last decade, is turning around after resolving most of the litigations and clearing all the pending dues to the secured creditors.
There was a change in management of the Company in month of June 2022 pursuant to the sale of shares by the erstwhile promoter group.
The Company is under the management of the new promoter group comprising of Mr. C. K. Venkatachalam, Mr. C. K. Balasubramaniam, Mr. S. Anandavadivel, Mr. S. Aravindan, Mr. S. Nagarajan, Mr. K. V, Prakash and M/s.Trineva Infra Projects Private Limited, who have the relevant experience and expertise in the infrastructure business and has already obtained an order for the construction of integrated storm water drain works approximately valued at Rs.64.59 Cr from a reputed infra player and the same has been intimated on 10th June 2022 to all the stake holders.
The Company is in the process of bidding for multiple projects on the backing of its new promoters.
Furthermore, the Company places on record the recognition of the extensive financial support extended to the company by the erstwhile promoter group during its difficult period and the comprehensive resolution of all liabilities and obligations of the company in a fair and transparent manner for the benefit of all stake holders.
The Company has discontinued the insulators business and are now diversifying into the Infrastructure business and execution of Turnkey Projects in the segments of electrical projects, EPC and construction projects.
The Infrastructure segment of the business is driven by the new promoter group who have vast experience in this line of business. Under the stewardship of the new management, the Company is looking at a robust order book in excess of Rs200 cr.,
With the relevant expertise in the infrastructure business, the new management intends to develop IT/ITES infrastructure in the remaining land parcel of the Company and the preliminary project related works have already been initiated. The Company is also evaluating its entry into other emerging sectors and shall promptly update the stakeholders upon finalization of the business strategies going forward.
There was a change in the management of the Company in the month of June 2022.
The Infrastructure vertical of the business is driven by the new promoter group who have extensive experience in this line of business.
Under the stewardship of the new management, the Company has achieved a profit before tax from continuing operations for the third quarter ended 31.12.2022 for INR 592.59 Lakhs with an EBITDA of INR 710.39 Lakhs and for nine months ended 31.12.2022 for INR 358.99 Lakhs with an EBITDA of INR 605.65 Lakhs.
The Company’s Revenue from operations for the third quarter ended 31.12.2022 stands at INR 2494.33 Lakhs and for nine months ended 31.12.2022 stands at INR 2896.93 Lakhs.
The Company is also evaluating opportunities in other emerging sectors and shall promptly update the stakeholders upon finalization of the business strategies.
The Company has made significant strides in the turn around and is confident that the days ahead will be very exciting considering the huge infra push by the government.
The 59th Annual General Meeting
02 Sep 2022
The 59th AGM of the Company was held on September 1 , 2022 at Sri Thyag Brahma Gana Sabha "Vani Mahal" 103, Gopathi Narayanaswami Chetty Road , T.Nagar,Chennai - 600017.
This AGM has lot of significance as the Company after going through a turbulent period in the last decade, is turning around after resolving most of the litigations and clearing all the pending dues to the secured creditors.
There was a change in management of the Company in month of June 2022 pursuant to the sale of shares by the erstwhile promoter group.
The Company is under the management of the new promoter group comprising of Mr. C. K. Venkatachalam, Mr. C. K. Balasubramaniam, Mr. S. Anandavadivel, Mr. S. Aravindan, Mr. S. Nagarajan, Mr. K. V, Prakash and M/s.Trineva Infra Projects Private Limited, who have the relevant experience and expertise in the infrastructure business and has already obtained an order for the construction of integrated storm water drain works approximately valued at Rs.64.59 Cr from a reputed infra player and the same has been intimated on 10th June 2022 to all the stake holders.
The Company has discontinued the insulators business and are now diversifying into the Infrastructure business and execution of Turnkey Projects in the segments of electrical projects, EPC and construction projects. The Infrastructure segment of the business is driven by the new promoter group who have vast experience in this line of business. Under the stewardship of the new management, the Company is looking at a robust order book in excess of Rs200 cr.,
With the relevant expertise in the infrastructure business, the new management intends to develop IT/ITES infrastructure in the remaining land parcel of the Company and the preliminary project related works have already been initiated.
The Company is also evaluating its entry into other emerging sectors and shall promptly update the stakeholders upon finalization of the business strategies going forward.
Our Vision
WSI shall be a managed Turnkey projects & Infrastructure Company committed to complete customer satisfaction, creating New Values by process improvements using innovative technologies and zero carbon emission materials. We shall make our employees and community work together in an environment of care, trust and accountability.
Our Mission
Maximise customer Satisfaction by putting in place the best construction practices that is safe and effective. The company is focused on achieving continual improvement through implementation of quality management system and create an inspiring work culture to attract, retain and reward the best talent.
What Makes Us Different?
With five decades of expertise in power, electrical, and infrastructure development, we combine strong project execution, experienced leadership, advanced technology, and proven EPC capabilities to deliver complex projects efficiently, even in challenging environments, with timely completion and reliable service.
Superior Execution and Global Capabilities
Our in-house senior team, access to the best tools and technologies, and a successful track record in challenging locations make us a top choice for clients, delivering solutions with impeccable service standards globally.
02 Sep 2022
The 59th AGM of the Company was held on September 1 , 2022 at Sri Thyag Brahma Gana Sabha “Vani Mahal” 103, Gopathi Narayanaswami Chetty Road , T.Nagar,Chennai – 600017. This AGM has lot of significance as the Company after going through a turbulent period in the last decade, is turning around after resolving most of the litigations and clearing all the pending dues to the secured creditors.
There was a change in management of the Company in month of June 2022 pursuant to the sale of shares by the erstwhile promoter group.
The Company is under the management of the new promoter group comprising of Mr. C. K. Venkatachalam, Mr. C. K. Balasubramaniam, Mr. S. Anandavadivel, Mr. S. Aravindan, Mr. S. Nagarajan, Mr. K. V, Prakash and M/s.Trineva Infra Projects Private Limited, who have the relevant experience and expertise in the infrastructure business and has already obtained an order for the construction of integrated storm water drain works approximately valued at Rs.64.59 Cr from a reputed infra player and the same has been intimated on 10th June 2022 to all the stake holders.
The Company is in the process of bidding for multiple projects on the backing of its new promoters.
Furthermore, the Company places on record the recognition of the extensive financial support extended to the company by the erstwhile promoter group during its difficult period and the comprehensive resolution of all liabilities and obligations of the company in a fair and transparent manner for the benefit of all stake holders.
The Company has discontinued the insulators business and are now diversifying into the Infrastructure business and execution of Turnkey Projects in the segments of electrical projects, EPC and construction projects.
The Infrastructure segment of the business is driven by the new promoter group who have vast experience in this line of business. Under the stewardship of the new management, the Company is looking at a robust order book in excess of Rs200 cr.,
With the relevant expertise in the infrastructure business, the new management intends to develop IT/ITES infrastructure in the remaining land parcel of the Company and the preliminary project related works have already been initiated. The Company is also evaluating its entry into other emerging sectors and shall promptly update the stakeholders upon finalization of the business strategies going forward.
There was a change in the management of the Company in the month of June 2022.
The Infrastructure vertical of the business is driven by the new promoter group who have extensive experience in this line of business.
Under the stewardship of the new management, the Company has achieved a profit before tax from continuing operations for the third quarter ended 31.12.2022 for INR 592.59 Lakhs with an EBITDA of INR 710.39 Lakhs and for nine months ended 31.12.2022 for INR 358.99 Lakhs with an EBITDA of INR 605.65 Lakhs.
The Company’s Revenue from operations for the third quarter ended 31.12.2022 stands at INR 2494.33 Lakhs and for nine months ended 31.12.2022 stands at INR 2896.93 Lakhs.
With the relevant expertise in the infrastructure business, the new management intends to develop IT/ITES infrastructure in the remaining land parcel of the Company and the necessary project related works have already commenced.
The Company is also evaluating opportunities in other emerging sectors and shall promptly update the stakeholders upon finalization of the business strategies.
The Company has made significant strides in the turn around and is confident that the days ahead will be very exciting considering the huge infra push by the government.