MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0004204
Armec Cooling System Limited
Armec Cooling System Limited - consumer electronics & durables in Sanand, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹35.74 Cr
▲ 18% YoY
Net profit · FY 2024
₹26.91 Lakh
Net margin 0.8%
EBITDA · FY 2024
₹92.86 Lakh
EBITDA margin 2.6%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹27.74 Lakh
Issued & subscribed
Open charges
₹6.3 Cr
Secured borrowings
Company age
38 yrs
Est. 1988
Directors on board
6
As per MCA filings
About Armec Cooling System Limited
Data last updated:
Armec Cooling System Limited is a public limited company based in Sanand, Gujarat, India. It operates in the white goods retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 20 May 1988 and has been in existence for over 38 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U63022GJ1988PLC010728. Its GSTIN is 24AAACA9720G1ZZ (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹27.74 Lakh. It is led by directors including Dinesh Devjibhai Harani and Dharav Manubhai Maheshwari.
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 3 Panchratna Industrial Estate Sarkhej – Bavla Road Opp.Kishan Cold Storage Changoder, Sanand, Gujarat, India – 382213.
As per the financials filed for FY 2024, the company reported a revenue of ₹35.74 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹26.91 Lakh (net margin 0.8%) and EBITDA of ₹92.86 Lakh (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 85% over three years and 159% over five years.
As per MCA filings, the company has open charges of ₹6.3 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
Armec Cooling System Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0004204). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Armec Cooling System Limited
CIN U63022GJ1988PLC010728
Registration Number 010728
Incorporation Date 20 May 1988
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 Small
Udyam Registration UDYAM-GJ-01-0004204
CIN History of Armec Cooling System Limited
Armec Cooling System has one previous CIN (Corporate Identification Number): U63022GJ1988PTC010728. The current CIN is U63022GJ1988PLC010728, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U63022GJ1988PLC010728 | Current |
| U63022GJ1988PTC010728 | Previous |
Key People
Dinesh Devjibhai Harani Director Dharav Manubhai Maheshwari Director Jimi Manubhai Harani Director Recognitions & Rankings of Armec Cooling System
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address3 Panchratna Industrial Estate Sarkhej – Bavla Road Opp.Kishan Cold Storage Changoder, Sanand, Gujarat, India – 382213
- IndustryConsumer Electronics & Durables, White Goods Retail & Distribution
Comprehensive company report
Armec Cooling System Limited - one report that includes everything
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Business Activity of Armec Cooling System Limited
The main business activity of Armec Cooling System 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Armec Cooling System Limited FY 2025 filings available
Armec Cooling System Limited reported revenue of ₹35.74 Cr (up 18% YoY) for FY 2024.
Revenue · FY 2024
₹35.74 Cr ▲ 18%
Net profit · FY 2024
₹26.91 Lakh margin 0.8%
EBITDA · FY 2024
₹92.86 Lakh margin 2.6%
Compounded Annual Growth Rate (CAGR) of Armec Cooling System Limited
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 85%
5 years · compounded
▲ 159%
EBITDA CAGR growth
1 year
▼ 18%
3 years · compounded
▲ 71%
5 years · compounded
▲ 94%
Revenue has grown at a compounded annual rate (CAGR) of 159% over five years, including 18% growth in the latest year. EBITDA fell 18% 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 Armec Cooling System 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 | ₹92.86 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹26.91 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 Armec Cooling System Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• | •••• |
| 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 Armec Cooling System are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Armec Cooling System Limited
Armec Cooling System has 6 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dinesh Devjibhai Harani | Director | 12 Jun 1994 | 32 Years 4 Months | Current |
| Dharav Manubhai Maheshwari | Director | 01 Mar 2012 | 14 Years 7 Months | Current |
| Jimi Manubhai Harani Also directs: Silent Cooling Systems Private Limited | Director | 10 Jul 2020 | 6 Years 3 Months | Current |
| Manubhai Devjibhai Harani | Director | 20 May 1998 | 28 Years 5 Months | Current |
| Sonam Dharav Maheshwari Also directs: Armec Ice & Cold Storage Private Limited | Director | 01 May 2014 | 12 Years 5 Months | Current |
| Hansaben Manubhai Harani Also directs: Armec Ice & Cold Storage Private Limited | Director | 14 Aug 2006 | 20 Years 2 Months | Current |
Peer Comparison of Armec Cooling System Limited
Armec Cooling System Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Compressors). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ravi Aircon Private Limited | ₹36.31 Cr (FY 2024) | •••• | •••• | 66.0% | •••• | New Delhi, Delhi, India |
| Avantec Aircon Private Limited | ₹36.07 Cr (FY 2025) | •••• | •••• | 154.0% | •••• | Delhi, India |
| Colt Equipments Private Limited | ₹36.05 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Delhi, India |
| Neptune Engineers Private Limited | ₹35.77 Cr (FY 2025) | •••• | •••• | 61.0% | •••• | Pune, Maharashtra, India |
| Apple Aircon Private Limited | ₹35.75 Cr (FY 2024) | •••• | •••• | -8.0% | •••• | Mumbai, Maharashtra, India |
| Armec Cooling System Limited this company | ₹35.74 Cr (FY 2024) | •••• | •••• | 18.0% | •••• | Sanand, Gujarat, India |
| Harsha Vardhan Air Conditioning Engineers Private Limited | ₹35.41 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Secunderabad, Telangana, India |
| International Coil Limited | ₹34.64 Cr (FY 2019) | •••• | •••• | -43.0% | •••• | New Delhi, Delhi, India |
| Dustech Engineers Private Limited | ₹34.51 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | New Delhi, Delhi, India |
| Indaircon Engineers Private Limited | ₹34.29 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Bangalore, Karnataka, India |
| Aditi Airconditioning Private Limited | ₹34.18 Cr (FY 2025) | •••• | •••• | 14.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Armec Cooling System by revenue in the Machinery and Equipment industry (Compressors), 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 Armec Cooling System Limited
Armec Cooling System Limited is audited by KRUTESH PATEL & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KRUTESH PATEL & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Armec Cooling System Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Armec Cooling System Limited
Open charges
₹6.3 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Feb 2024 | Others | ₹1.25 Cr | Open |
| 04 Feb 2021 | Others | ₹5.05 Cr | Open |
Total charge records: 2 View all charges
Legal Cases of Armec Cooling System Limited
Armec Cooling System Limited has 1 court case on record: 1 filed against it. All case is disposed.
Total cases
1
Filed against the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, GUJARAT | Special civil application | Filed against the company by an individual | Disposed |
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Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
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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.
Employees and EPFO Compliance at Armec Cooling System Limited
Employment history and EPFO contributions of people linked to Armec Cooling System.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Armec Cooling System Limited
Armec Cooling System Limited has 6 board changes on record since 1994: 6 appointments. The latest: Jimi Manubhai Harani was appointed as Director on 10 Jul 2020.
AGM
Armec Cooling System Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Armec Cooling System Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 125.00 Lakh with Charge ID 100870277 was registered on 08 Feb 2024.
Charges
A charge with Others of Rs. 505.00 Lakh registered on 04 Feb 2021 with Charge ID 100423590 was modified on 27 Apr 2023.
Charges
A charge with Others amounted to Rs. 505.00 Lakh with Charge ID 100423590 was registered on 04 Feb 2021.
Appointed
Jimi Manubhai Harani was appointed as Director.
Appointed
Sonam Dharav Maheshwari was appointed as Director.
Appointed
Dharav Manubhai Maheshwari was appointed as Director.
Appointed
Hansaben Manubhai Harani was appointed as Director.
Appointed
Manubhai Devjibhai Harani was appointed as Director.
Appointed
Dinesh Devjibhai Harani was appointed as Director.
Incorporation
20 May 1988
Armec Cooling System Limited was registered on 20 May 1988 with Roc Ahmedabad & aged 38 years 5 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Armec Cooling System Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Armec Cooling System Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Armec Cooling System Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Armec Cooling System Limited
Armec Cooling System has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACA9720G1ZZ | Gujarat | Active | 01 Jul 2017 |
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GST registrations and filing compliance
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MCA Filings & Documents of Armec Cooling System Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Armec Cooling System Limited
Armec Cooling System is an active public limited company based in Sanand, Gujarat, India. The company works in white goods retail and distribution, within the consumer electronics and durables industry. It was incorporated on 20 May 1988 (38+ years old) and is registered under CIN U63022GJ1988PLC010728.
Armec Cooling System reported revenue of ₹35.74 Cr for FY 2024 (up 18% YoY).
Armec Cooling System has 6 current directors:
- Dinesh Devjibhai Harani - Director
- Dharav Manubhai Maheshwari - Director
- Jimi Manubhai Harani - Director
- Manubhai Devjibhai Harani - Director
- Sonam Dharav Maheshwari - Director
- Hansaben Manubhai Harani - Director
Armec Cooling System reported a net profit of ₹26.91 Lakh (net margin 0.8%) and EBITDA of ₹92.86 Lakh (EBITDA margin 2.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Armec Cooling System is 85% over three years and 159% over five years. In the latest year (FY 2024) revenue rose 18%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Armec Cooling System is 24AAACA9720G1ZZ, registered in Gujarat.
The CIN (Corporate Identification Number) of Armec Cooling System is U63022GJ1988PLC010728. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Armec Cooling System has 1 court case on record: 1 filed against it.
Armec Cooling System was incorporated on 20 May 1988, making it 38+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Armec Cooling System by revenue are Ravi Aircon Private Limited, Avantec Aircon Private Limited, Colt Equipments Private Limited, Neptune Engineers Private Limited, Apple Aircon Private Limited and 5 more, all in the Machinery and Equipment industry (Compressors).
Jimi Manubhai Harani was appointed as Director on 10 Jul 2020. Sonam Dharav Maheshwari was appointed as Director on 01 May 2014. Dharav Manubhai Maheshwari was appointed as Director on 01 Mar 2012. Armec Cooling System has 6 board changes on record in total.