Thermit-Thormahlen India Limited
About Thermit-Thormahlen India Limited
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Thermit-Thormahlen India Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of The India Thermit Corporation Limited. It operates in the equipment leasing and financing segment of the financial services sector. It was incorporated on 02 May 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U29130DL2005PLC321654. Its GSTIN is 09AACCT2564K1Z1 (Uttar Pradesh).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Ashok Maheshwari and Govind Das Somani.
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 Unit No – 212 2nd Floor Worldmark 2 Aerocity, New Delhi, Delhi, India – 110037.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.73 Lakh, a decline of 17% compared to the previous year. For the same year it recorded a net loss of ₹47.31 Lakh (net margin -440.7%) and EBITDA of -₹38.08 Lakh (EBITDA margin -354.7%). Revenue has declined at a compounded annual rate (CAGR) of 188% over three years and 33% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN history
Thermit-Thormahlen India has one previous CIN (Corporate Identification Number): U29130UP2005PLC029943. The current CIN is U29130DL2005PLC321654, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29130DL2005PLC321654 | Current |
| U29130UP2005PLC029943 | Previous |
Contact details
Thermit-Thormahlen India Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressUnit No – 212 2nd Floor Worldmark 2 Aerocity, New Delhi, Delhi, India – 110037
- IndustryFinancial Services, Equipment Leasing & Financing
To see the full contact details of Thermit-Thormahlen India Limited, buy the company report.
- 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
Financials of Thermit-Thormahlen India Limited
FY 2025 filings availableThermit-Thormahlen India Limited reported revenue of ₹10.73 Lakh (down 17% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 33% over five years, including a 17% fall in the latest year. EBITDA fell 405% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹38.08 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹47.31 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -354.7% | ||||
| Net Profit Margin | -440.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Thermit-Thormahlen India Limited, buy the company report.
Board of directors of Thermit-Thormahlen India Limited
Thermit-Thormahlen India has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashok Maheshwari Also directs: Thermit Arasan India Limited, Asiatic Thermics Limited | Director | 22 Feb 2017 | 9 Years 8 Months | Current |
| Govind Das Somani | Director | 29 Sep 2009 | 17 Years 1 Months | Current |
| Alok Nagory Also directs: Diversified Engineering Corporation LLP, Nagory Investments Private Limited, Nagory Foster Private Limited and 1 more | Director | 02 May 2005 | 21 Years 5 Months | Current |
Peer comparison
Thermit-Thormahlen India Limited is compared with the 4 companies closest to it by revenue in the Transport and Logistics industry (Machinery and Equipment Leasing, Railway Equipment and Products), with the same principal business activity (rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Food Health Private Limited | ₹10.78 Lakh (FY 2025) | 60.0% | Raipur, Chhattisgarh, India | |||
| Perennial Equipments Private Limited | ₹10.77 Lakh (FY 2024) | 8.0% | Pune, Maharashtra, India | |||
| Vaviva Ventures Private Limited | ₹10.77 Lakh (FY 2024) | 614.0% | Delhi, India | |||
| Thermit-Thormahlen India Limitedthis company | ₹10.73 Lakh (FY 2024) | -₹47.31 Lakh | -440.7% | -17.0% | New Delhi, Delhi, India | |
| Gee Aar Kaush Energy Private Limited | ₹10.68 Lakh (FY 2025) | -3.0% | Tirupur, Tamil Nadu, India |
To see the full peer comparison of Thermit-Thormahlen India Limited, buy the company report.
Auditor
Thermit-Thormahlen India Limited is audited by B.SIGTIA & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B.SIGTIA & CO. | FY 2022 | 006934C |
Shareholding
The shareholding of Thermit-Thormahlen India Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Thermit-Thormahlen India Limited, buy the company report.
Legal cases
No court or tribunal cases involving Thermit-Thormahlen India Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Thermit-Thormahlen India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Thermit-Thormahlen India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AACCT2564K1Z1 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Thermit-Thormahlen India Limited, buy the company report.
Recent activity
Thermit-Thormahlen India Limited has 7 board changes on record since 2005: 5 appointments and 2 cessations. The latest: Ashok Maheshwari was appointed as Director on 22 Feb 2017.
Frequently asked questions
Thermit-Thormahlen India is an active public limited company based in New Delhi, Delhi, India. The company works in equipment leasing and financing, within the financial services industry. It was incorporated on 02 May 2005 (21+ years old) and is registered under CIN U29130DL2005PLC321654.
Thermit-Thormahlen India has 3 current directors:
- Ashok Maheshwari - Director
- Govind Das Somani - Director
- Alok Nagory - Director
The latest financial statements of Thermit-Thormahlen India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Thermit-Thormahlen India is 09AACCT2564K1Z1, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of Thermit-Thormahlen India is U29130DL2005PLC321654. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thermit-Thormahlen India was incorporated on 02 May 2005, making it 21+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Thermit-Thormahlen India by revenue are Food Health Private Limited, Perennial Equipments Private Limited, Vaviva Ventures Private Limited, Gee Aar Kaush Energy Private Limited, all in the Transport and Logistics industry (Machinery and Equipment Leasing, Railway Equipment and Products), with the same principal business activity (rental and leasing of motor vehicles, machinery, equipment, capital goods, etc. activities).
Ashok Maheshwari was appointed as Director on 22 Feb 2017. Harish Chandra Agarwal ceased to be Director on 22 Feb 2017. Sudha Nagory ceased to be Director on 17 Sep 2013. Thermit-Thormahlen India has 7 board changes on record in total.
The registered office of Thermit-Thormahlen India is at Unit No – 212 2nd Floor Worldmark 2 Aerocity, New Delhi, Delhi, India – 110037.
Thermit-Thormahlen India operates in the financial services industry, in the equipment leasing and financing segment.
The compliance status of Thermit-Thormahlen India is compliant as of 09 August 2026. The company is actively filing with the Registrar of Companies.
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