About Thermet Solutions Private Limited
Data last updated:
Thermet Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India, recognised as a startup by DPIIT. It operates in the electrical equipment manufacturing segment of the electrical equipment sector. It was incorporated on 01 October 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85100KA2010PTC055372. Its GSTIN is 29AADCT6425G1Z7 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Chennagiri Narasimha Jayanth and Raghunath Venkatrao Palghat.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No 22 Nagappa Badavane 3rd Cross Bannerghatta Road Bilekahalli, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.77 Lakh, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹1.82 Lakh (net margin 23.4%) and EBITDA of ₹1.86 Lakh (EBITDA margin 23.9%). Revenue has declined at a compounded annual rate (CAGR) of 214% over three years and 15% over five years.
The company is associated with 1 brand: Thermet Solutions.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thermetsolutions.com.
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- TelephoneLocked
- Website
- Social Media
- Registered AddressNo 22 Nagappa Badavane 3rd Cross Bannerghatta Road Bilekahalli, Bangalore, Karnataka, India – 560076
- IndustryElectrical, Electrical Equipment, General Purpose And Special Purpose Machinery & Equipment, Transport Equipment
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Thermet Solutions Private Limited
The main business activity of Thermet Solutions is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Thermet Solutions Private Limited FY 2025 filings available
Thermet Solutions Private Limited reported revenue of ₹7.77 Lakh (down 19% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Thermet Solutions Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 19% fall in the latest year. EBITDA fell 71% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Thermet Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹1.86 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.82 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Thermet Solutions Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 23.4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Thermet Solutions are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Thermet Solutions Private Limited
Thermet Solutions Private Limited is compared with the companies closest to it by revenue in the Metals and Minerals industry (Foundry and Fabrication, Steel). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arra Motion Systems Private Limited | ₹7.88 Lakh (FY 2024) | •••• | •••• | -93.0% | •••• | New Delhi, Delhi, India |
| Sanwaliya Engineering Steel Works Private Limited | ₹7.88 Lakh (FY 2025) | •••• | •••• | 97.0% | •••• | Noida, Uttar Pradesh, India |
| Avinash Equipments Private Limited | ₹7.86 Lakh (FY 2024) | •••• | •••• | 158.0% | •••• | Mumbai, Maharashtra, India |
| Shrishivam Steel Udyog Private Limited | ₹7.8 Lakh (FY 2025) | •••• | •••• | 3312.0% | •••• | Raipur, Chhattisgarh, India |
| Engindia Steel Private Limited | ₹7.8 Lakh (FY 2025) | •••• | •••• | •••• | Delhi, India | |
| Thermet Solutions Private Limited this company | ₹7.77 Lakh (FY 2024) | •••• | •••• | -19.0% | •••• | Bangalore, Karnataka, India |
| Aasar Steel Solutions (OPC) Private Limited | ₹7.77 Lakh (FY 2024) | •••• | •••• | •••• | Delhi, India | |
| Silvertech Ispat Private Limited | ₹7.71 Lakh (FY 2025) | •••• | •••• | -49.0% | •••• | Meerut, Uttar Pradesh, India |
| Om VGS Wood & Steel Furniture Private Limited | ₹7.7 Lakh (FY 2025) | •••• | •••• | 18.0% | •••• | Delhi, India |
| Arihant Macfab Private Limited | ₹7.69 Lakh (FY 2022) | •••• | •••• | 13.0% | •••• | Delhi, India |
| Aneeta Packaging Private Limited | ₹7.67 Lakh (FY 2025) | •••• | •••• | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Thermet Solutions by revenue in the Metals and Minerals industry (Foundry and Fabrication, Steel), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Thermet Solutions Private Limited
Thermet Solutions Private Limited is audited by D.K.UPENDRA for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| D.K.UPENDRA | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Thermet Solutions Private Limited
Thermet Solutions has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chennagiri Narasimha Jayanth | Director | 19 Nov 2010 | 15 Years 10 Months | Current |
| Raghunath Venkatrao Palghat | Director | 19 Nov 2010 | 15 Years 10 Months | Current |
| Thupaki Sanjivachar Prasanna Kumar | Director | 01 Oct 2010 | 16 Years 0 Months | Current |
| Sripathy Rao Gayathri | Director | 01 Oct 2010 | 16 Years 0 Months | Current |
Ownership and Shareholding of Thermet Solutions Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Thermet Solutions Private Limited
Thermet Solutions Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Thermet Solutions Private Limited
Thermet Solutions operates one associated brand: Thermet Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Heat treatment solutions and software for the metallurgical industry. | thermetsolutions.com |
Employees and EPFO Compliance at Thermet Solutions Private Limited
Employment history and EPFO contributions of people linked to Thermet Solutions.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Thermet Solutions Private Limited
Thermet Solutions Private Limited has 6 board changes on record since 2010: 4 appointments and 2 cessations. The latest: Chennagiri Narasimha Jayanth ceased to be Director on 08 Mar 2021.
Credit Ratings, Litigation & Regulatory Alerts for Thermet Solutions Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Thermet Solutions Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Thermet Solutions Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Thermet Solutions Private Limited
Thermet Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCT6425G1Z7 | Karnataka | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Thermet Solutions Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Thermet Solutions Private Limited
Thermet Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in electrical equipment, within the electrical industry. It was incorporated on 01 October 2010 (16+ years old) and is registered under CIN U85100KA2010PTC055372.
Thermet Solutions reported revenue of ₹7.77 Lakh for FY 2024 (down 19% YoY).
Thermet Solutions has 4 current directors:
- Chennagiri Narasimha Jayanth - Director
- Raghunath Venkatrao Palghat - Director
- Thupaki Sanjivachar Prasanna Kumar - Director
- Sripathy Rao Gayathri - Director
Thermet Solutions reported a net profit of ₹1.82 Lakh (net margin 23.4%) and EBITDA of ₹1.86 Lakh (EBITDA margin 23.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Thermet Solutions is 214% over three years and -15% over five years. In the latest year (FY 2024) revenue fell 19%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Thermet Solutions is 29AADCT6425G1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of Thermet Solutions is U85100KA2010PTC055372. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thermet Solutions was incorporated on 01 October 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Thermet Solutions by revenue are Arra Motion Systems Private Limited, Sanwaliya Engineering Steel Works Private Limited, Avinash Equipments Private Limited, Shrishivam Steel Udyog Private Limited, Engindia Steel Private Limited and 5 more, all in the Metals and Minerals industry (Foundry and Fabrication, Steel).
Chennagiri Narasimha Jayanth ceased to be Director on 08 Mar 2021. Raghunath Venkatrao Palghat ceased to be Director on 06 Jan 2021. Chennagiri Narasimha Jayanth was appointed as Director on 19 Nov 2010. Thermet Solutions has 6 board changes on record in total.
Yes, Thermet Solutions is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).