Thermofine System Private Limited
About Thermofine System Private Limited
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Thermofine System Private Limited is a private limited company based in Yavatmal, Maharashtra, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 29 April 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2019PTC324686. Its GSTIN is 27AAHCT3016B1ZS (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Digambar Madhaorao Nalamwar and Kamlesh Ganesh Warthe.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at C/O Digambar Madhavrao Nalamwar House No. 9 Ward No.18 Gandhi Nagar, Yavatmal, Maharashtra, India – 445203.
As per the financials filed for FY 2024, the company reported a revenue of ₹22.9 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.3 Lakh (net margin -5.7%) and EBITDA of -₹1.3 Lakh (EBITDA margin -5.7%). Revenue has grown at a compounded annual rate (CAGR) of 64% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Thermofine System Private Limited's registered office is in Yavatmal, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC/O Digambar Madhavrao Nalamwar House No. 9 Ward No.18 Gandhi Nagar, Yavatmal, Maharashtra, India – 445203
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Thermofine System Private 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
Business activity
The main business activity of Thermofine System is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Thermofine System Private Limited, buy the company report.
Financials of Thermofine System Private Limited
FY 2025 filings availableThermofine System Private Limited reported revenue of ₹22.9 Lakh (up 221% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 64% over three years, including 221% growth in the latest year. EBITDA fell 52% 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 | -₹1.3 Lakh | ||||
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| Net Profit (PAT) | -₹1.3 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -5.7% | ||||
| Net Profit Margin | -5.7% | ||||
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To see the full financial statements and ratios of Thermofine System Private Limited, buy the company report.
Board of directors of Thermofine System Private Limited
Thermofine System has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Digambar Madhaorao Nalamwar | Director | 29 Apr 2019 | 7 Years 5 Months | Current |
| Kamlesh Ganesh Warthe | Director | 29 Apr 2019 | 7 Years 5 Months | Current |
Peer comparison
Thermofine System Private Limited is compared with the 4 companies closest to it by revenue in the Machinery and Equipment industry (Electronic Appliances Manufacturing, Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Anmolpaani Water Management Solutions Private Limited | ₹22.95 Lakh (FY 2024) | -65.0% | Sonipat, Haryana, India | |||
| Vardhman Air Conditioning Private Limited | ₹22.94 Lakh (FY 2020) | 8.0% | New Delhi, Delhi, India | |||
| Thermofine System Private Limitedthis company | ₹22.9 Lakh (FY 2024) | -₹1.3 Lakh | -5.7% | 221.0% | Yavatmal, Maharashtra, India | |
| Polycorp Industries Private Limited | ₹22.84 Lakh (FY 2024) | 75.0% | Dewas, Madhya Pradesh, India | |||
| Bhorden Thermotics India Private Limited | ₹22.83 Lakh (FY 2025) | -4.0% | Pune, Maharashtra, India |
To see the full peer comparison of Thermofine System Private Limited, buy the company report.
Auditor
Thermofine System Private Limited is audited by S U N S V G & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S U N S V G & ASSOCIATES | FY 2021 | 118693W |
Shareholding
The shareholding of Thermofine System Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Thermofine System Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Thermofine System Private 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 Thermofine System Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Thermofine System has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCT3016B1ZS | Maharashtra | Active | 17 Dec 2019 |
To see the full GST registrations and return filing status of Thermofine System Private Limited, buy the company report.
Recent activity
Thermofine System Private Limited has 3 board changes on record since 2019: 3 appointments. The latest: Digambar Madhaorao Nalamwar was appointed as Director on 29 Apr 2019.
Frequently asked questions
Thermofine System is an active private limited company based in Yavatmal, Maharashtra, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 29 April 2019 (7+ years old) and is registered under CIN U74999MH2019PTC324686.
Thermofine System has 2 current directors:
- Digambar Madhaorao Nalamwar - Director
- Kamlesh Ganesh Warthe - Director
The latest financial statements of Thermofine System on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Thermofine System is 27AAHCT3016B1ZS, registered in Maharashtra.
The CIN (Corporate Identification Number) of Thermofine System is U74999MH2019PTC324686. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thermofine System was incorporated on 29 April 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Thermofine System by revenue are Anmolpaani Water Management Solutions Private Limited, Vardhman Air Conditioning Private Limited, Polycorp Industries Private Limited, Bhorden Thermotics India Private Limited, all in the Machinery and Equipment industry (Electronic Appliances Manufacturing, Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Digambar Madhaorao Nalamwar was appointed as Director on 29 Apr 2019. Kamlesh Ganesh Warthe was appointed as Director on 29 Apr 2019. Varun Pralhad Kulkarni was appointed as Director on 29 Apr 2019.
The registered office of Thermofine System is at CO Digambar Madhavrao Nalamwar House No. 9 Ward No.18 Gandhi Nagar, Yavatmal, Maharashtra, India – 445203.
Thermofine System operates in the consumer electronics and durables industry, in the electronics manufacturing segment.
The compliance status of Thermofine System is compliant as of 14 August 2026. The company is actively filing with the Registrar of Companies.