MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-GJ-01-0021365
Air Control and Chemical Engineering Company Limited - machinery and equipment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹170.28 Cr
▲ 26% YoY
Net profit · FY 2025
₹5.82 Cr
Net margin 3.4%
EBITDA · FY 2025
₹16.67 Cr
EBITDA margin 9.8%
Authorised capital
₹10 Cr
Registered with MCA
Paid-up capital
₹3.26 Cr
Issued & subscribed
Open charges
₹261.68 Cr
Satisfied ₹22.95 Cr
Company age
65 yrs
Est. 1961
Directors on board
5
As per MCA filings
About Air Control and Chemical Engineering Company Limited
Data last updated:
Air Control and Chemical Engineering Company Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 13 November 1961 and has been in existence for over 65 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31109GJ1961PLC001098. Its GSTIN is 24AABCA6009R1ZJ (Gujarat). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹3.26 Cr. It was formerly known as Air Control and Chemical Engineering Company Ltd. It is led by directors including Vishal Bachhraj Daga (Managing Director) and Raina Singh.
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 P O Nandejbarejadi (W Rly/), Ahmedabad, Gujarat, India – 382435.
As per the financials filed for FY 2025, the company reported a revenue of ₹170.28 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹5.82 Cr (net margin 3.4%) and EBITDA of ₹16.67 Cr (EBITDA margin 9.8%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 14% over five years.
The company is associated with 1 brand: Accel India. As per MCA filings, the company has open charges of ₹261.68 Cr and satisfied charges of ₹22.95 Cr on record. Court records list 30 cases involving the company, including 12 filed by the company and 18 filed against it; 6 cases are pending.
Air Control and Chemical Engineering Company Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0021365). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website accelindia.com.
Company details
CIN U31109GJ1961PLC001098
Registration Number 001098
Incorporation Date 13 November 1961
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-GJ-01-0021365
Recognitions & Rankings of Air Control and Chemical Engineering Company
Contact details
Air Control and Chemical Engineering Company Limited's registered office is in Ahmedabad, Gujarat. Its website is accelindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressP O Nandejbarejadi (W Rly/), Ahmedabad, Gujarat, India – 382435
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
To see the full contact details of Air Control and Chemical Engineering Company Limited, buy the company report.
Comprehensive company report
Air Control and Chemical Engineering Company Limited - one report that includes everything
- 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
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Brands
Air Control and Chemical Engineering Company operates one associated brand: Accel India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of HVAC, refrigeration, and industrial equipment in India. | accelindia.com |
Business activity
The main business activity of Air Control and Chemical Engineering Company 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 Air Control and Chemical Engineering Company Limited, buy the company report.
Financials of Air Control and Chemical Engineering Company Limited
FY 2025 filings availableAir Control and Chemical Engineering Company Limited reported revenue of ₹170.28 Cr (up 26% YoY) for FY 2025.
Revenue · FY 2025
₹170.28 Cr ▲ 26%
Net profit · FY 2025
₹5.82 Cr margin 3.4%
EBITDA · FY 2025
₹16.67 Cr margin 9.8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 26%
3 years · compounded
▲ 17%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 25%
3 years · compounded
▲ 23%
5 years · compounded
▲ 12%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 26% growth in the latest year. EBITDA rose 25% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹16.67 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹5.82 Cr | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.8% | ||||
| Net Profit Margin | 3.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Air Control and Chemical Engineering Company Limited, buy the company report.
Board of directors of Air Control and Chemical Engineering Company Limited
Air Control and Chemical Engineering Company has 5 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raina Singh Also directs: Aprameya Engineering Limited, Amba Auto Sales and Services Limited | Director | 02 Dec 2022 | 3 Years 10 Months | Current |
| Bachhraj Daga Also directs: Accel Farm Fresh Private Limited | Director | 28 Aug 1999 | 27 Years 2 Months | Current |
| Ratan Lal Daga | Director | 28 Aug 1999 | 27 Years 2 Months | Current |
| Shalini Hitesh Jalan Also directs: Arvee Laboratories (India) Limited, Aprameya Engineering Limited | Director | 02 Dec 2022 | 3 Years 10 Months | Current |
| Vishal Bachhraj Daga Also directs: Accel Farm Fresh Private Limited | Managing Director | 26 Nov 2005 | 20 Years 11 Months | Current |
Peer comparison
Air Control and Chemical Engineering Company Limited is compared with the 6 companies closest to it by revenue in the Machinery and Equipment industry (Compressors), 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 |
|---|---|---|---|---|---|---|
| Anest Iwata Motherson Private Limited | ₹224.16 Cr (FY 2025) | -3.0% | New Delhi, Delhi, India | |||
| Spheros Motherson Thermal System Limited | ₹216.98 Cr (FY 2025) | 40.0% | New Delhi, Delhi, India | |||
| Air Control and Chemical Engineering Company Limitedthis company | ₹170.28 Cr (FY 2025) | ₹5.82 Cr | 3.4% | 26.0% | Ahmedabad, Gujarat, India | |
| C Doctor India Private Limited | ₹155.45 Cr (FY 2025) | 25.0% | Ahmedabad, Gujarat, India | |||
| Waves Aircon Private Limited | ₹154.9 Cr (FY 2025) | 6.0% | Gurgaon, Haryana, India | |||
| Usaka Industrial Components Private Limited | ₹149.39 Cr (FY 2025) | 13.0% | Delhi, India | |||
| Advance Ventilation Pvt Ltd | ₹138.83 Cr (FY 2025) | 6.0% | New Delhi, Delhi, India |
To see the full peer comparison of Air Control and Chemical Engineering Company Limited, buy the company report.
Auditor
Air Control and Chemical Engineering Company Limited is audited by R L MUNDHRA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R L MUNDHRA & CO. | FY 2023 | 307051E |
Shareholding
The shareholding of Air Control and Chemical Engineering Company 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 Air Control and Chemical Engineering Company Limited, buy the company report.
Charges & borrowings
Open charges
₹261.68 Cr
Satisfied charges
₹22.95 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jul 2025 | 101128184 | Others | ₹2.7 Cr | Open | |
| 06 Nov 2024 | 100998284 | Others | ₹19 Cr | Open | |
| 26 Aug 2022 | 100609122 | Indian Overseas Bank | ₹9 Lakh | Open | |
| 05 Mar 2022 | 100553760 | Indian Overseas Bank | ₹14 Lakh | Open | |
| 17 Feb 2022 | 100536080 | Others | ₹1.3 Cr | Open |
To see the full charge records of Air Control and Chemical Engineering Company Limited, buy the company report.
Total charge records: 36 View all charges
Legal cases
Air Control and Chemical Engineering Company Limited has 30 court cases on record: 12 filed by Air Control and Chemical Engineering Company, 18 filed against it. 6 cases are pending and 24 are disposed.
Total cases
30
Filed by the company
12
Filed against the company
18
Pending
6
Disposed
24
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 17 | 11 | 1 |
| District courts | 13 | 7 | 5 |
Cases on record (5 of 30)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Court case (IAAP) | Filed by the company against Eazy Erp Technologies Pvt .Ltd. | Disposed |
| High Court, GUJARAT | Appeal | Filed by the company against United India Insurance Company Limited. and 1 other | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed against the company by Avi-Oil (India) Pvt. Ltd. | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Ifci Ltd. and 1 other | Disposed |
| High Court, GUJARAT | Special civil application | Filed against the company by M/S. Siemens Limited and 3 others | Disposed |
To see the full case history of Air Control and Chemical Engineering Company Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Air Control and Chemical Engineering Company Limited was last rated by Care on 17 Aug 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 17 Aug 2022 |
To see the full credit ratings and regulatory alerts of Air Control and Chemical Engineering Company Limited, buy the company report.
MSME payment delays
Air Control and Chemical Engineering Company Limited has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 3 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (3 of 3)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Auto Forge Engineers | |||
| Gillden Paints Private Limited | |||
| Safex Electromech Private Limited |
To see the full MSME payment records of Air Control and Chemical Engineering Company Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Air Control and Chemical Engineering Company has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCA6009R1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Air Control and Chemical Engineering Company Limited, buy the company report.
Recent activity
Air Control and Chemical Engineering Company Limited has 12 board changes on record since 1999: 5 appointments and 7 cessations. The latest: Raina Singh ceased to be Additional Director on 28 Sep 2023.
AGM
Air Control And Chemical Engineering Company Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 2.70 Cr with Charge ID 101128184 was registered on 10 Jul 2025.
Filing
Air Control And Chemical Engineering Company Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 117.38 Cr registered on 15 Oct 2005 with Charge ID 90102864 was modified on 30 Jan 2025.
Charges
A charge with Others of Rs. 117.38 Cr registered on 15 Oct 2005 with Charge ID 80026241 was modified on 29 Jan 2025.
Charges
A charge registered on 06 Jul 2020 via Charge ID 100354752 with Others was fully satisfied on 13 Nov 2024.
Charges
A charge with Others amounted to Rs. 19.00 Cr with Charge ID 100998284 was registered on 06 Nov 2024.
Charges
A charge registered on 06 Jul 2020 via Charge ID 100349831 with Others was fully satisfied on 09 Aug 2024.
Ceased
Raina Singh ceased to be Additional Director.
Ceased
Shalini Hitesh Jalan ceased to be Additional Director.
Charges
A charge registered on 18 Oct 2017 via Charge ID 100137497 with Others was fully satisfied on 09 May 2023.
Charges
A charge registered on 14 May 2009 via Charge ID 10160526 with Indian Overseas Bank was fully satisfied on 09 May 2023.
69 earlier events are in the company report.
From our blog
Frequently asked questions
Air Control and Chemical Engineering Company is an active public limited company based in Ahmedabad, Gujarat, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 13 November 1961 (65+ years old) and is registered under CIN U31109GJ1961PLC001098.
Air Control and Chemical Engineering Company has 5 current directors:
- Vishal Bachhraj Daga - Managing Director
- Raina Singh - Director
- Bachhraj Daga - Director
- Ratan Lal Daga - Director
- Shalini Hitesh Jalan - Director
The latest financial statements of Air Control and Chemical Engineering Company 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 2015 are in the company report.
The GSTIN of Air Control and Chemical Engineering Company is 24AABCA6009R1ZJ, registered in Gujarat. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of Air Control and Chemical Engineering Company is U31109GJ1961PLC001098. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Air Control and Chemical Engineering Company has 30 court cases on record: 12 filed by the company and 18 filed against it. 6 are pending. Most are in the high courts.
Air Control and Chemical Engineering Company was incorporated on 13 November 1961, making it 65+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Air Control and Chemical Engineering Company by revenue are Anest Iwata Motherson Private Limited, Spheros Motherson Thermal System Limited, C Doctor India Private Limited, Waves Aircon Private Limited, Usaka Industrial Components Private Limited and 1 more, all in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Raina Singh ceased to be Additional Director on 28 Sep 2023. Shalini Hitesh Jalan ceased to be Additional Director on 28 Sep 2023. Raina Singh was appointed as Director on 02 Dec 2022. Air Control and Chemical Engineering Company has 12 board changes on record in total.
Yes, Air Control and Chemical Engineering Company is registered as a medium enterprise under Udyam registration (number: UDYAM-GJ-01-0021365).
Air Control and Chemical Engineering Company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 6 overdue payments to 3 micro and small suppliers. The latest return was filed on 01 Aug 2019.
Air Control and Chemical Engineering Company can be reached through the website accelindia.com. Its registered office is in Ahmedabad, Gujarat, India.
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