About Blue Star Climatech Limited
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Blue Star Climatech Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Blue Star Limited. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 17 May 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29243MH2021PLC360573. Its GSTIN is 27AAJCB8570E1ZH (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹750 Cr and a paid-up capital of ₹544.44 Cr. It is led by directors including Vir Suneel Advani and Balasubramanian Thiagarajan.
Its last annual general meeting (AGM) was held on 23 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Floor – 4 Plot – 171/172 Kasturi Building Jamshedji Tata Road Churchgate, Mumbai, Maharashtra, India – 400020.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,486.42 Cr, a growth of 106% compared to the previous year. For the same year it recorded a net profit of ₹61.52 Cr (net margin 4.1%) and EBITDA of ₹113.53 Cr (EBITDA margin 7.6%).
The company has about 95 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹550 Cr and satisfied charges of ₹280 Cr on record. The company has 3 deals on record (3 rights issues); the latest was in March 2024. Its 10 peer companies in the Machinery and Equipment industry (Compressors) are compared by revenue, 5 larger and 5 smaller; the largest is Daikin Airconditioning India Private Limited with revenue of ₹10,442 Cr. The company has 2 MSME Form 1 returns on record between 2022 and 2023, listing 14 overdue payments to 7 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bluestarindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressFloor – 4 Plot – 171/172 Kasturi Building Jamshedji Tata Road Churchgate, Mumbai, Maharashtra, India – 400020
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
- 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 Blue Star Climatech Limited
The main business activity of Blue Star Climatech 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 Blue Star Climatech Limited FY 2025 filings available
Blue Star Climatech Limited reported revenue of ₹1,486.42 Cr (up 106% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Blue Star Climatech Limited
Revenue rose 106% in the latest year. EBITDA rose 81% 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 Blue Star Climatech Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | ₹113.53 Cr | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹61.52 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 of Blue Star Climatech Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 7.6% | •••• | •••• | •••• |
| Net Profit Margin | 4.1% | •••• | •••• | •••• |
| 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 Blue Star Climatech are in the company report.
Financial statements from FY 2022
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.
Board of Directors and KMP of Blue Star Climatech Limited
Blue Star Climatech Limited currently reports 6 directors and 2 key managerial personnel. 6 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vir Suneel Advani | Director | 17 May 2021 | 5 Years 5 Months | Current |
| Balasubramanian Thiagarajan | Director | 17 May 2021 | 5 Years 5 Months | Current |
| Nikhil Ramakrishna Sohoni Also directs: Blue Star Engineering & Electronics Limited | Director | 05 Aug 2022 | 4 Years 2 Months | Current |
| Neha Rohit Roy | Company Secretary | 20 Oct 2021 | 5 Years 0 Months | Current |
| Sivakumar Ramani | Cfo | 01 Jan 2023 | 3 Years 9 Months | Current |
| Murlidhar Gangadharan Also directs: Blue Star Limited, Kotak Mahindra Life Insurance Company Limited | Additional Director | 01 Feb 2026 | 0 Years 8 Months | Current |
Peer Comparison of Blue Star Climatech Limited
Blue Star Climatech 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 |
|---|---|---|---|---|---|---|
| Daikin Airconditioning India Private Limited | ₹10,442 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Delhi, India |
| Atlas Copco (India) Private Limited | ₹5,819.02 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Dapodi, Pune-411012, Maharashtra, India |
| Elgi Equipments Limited Listed | ₹3,568.1 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Coimbatore, Tamil Nadu, India |
| Siemens Energy Industrial Turbomachinery India Private Limited | ₹2,120 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Kirloskar Pneumatic Company Limited Listed | ₹1,650.74 Cr (FY 2025) | •••• | •••• | 23.0% | •••• | Pune, Maharashtra, India |
| Blue Star Climatech Limited this company | ₹1,486.42 Cr (FY 2025) | •••• | •••• | 106.0% | •••• | Mumbai, Maharashtra, India |
| Ingersoll-Rand (India) Limited Listed | ₹1,374.58 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Bengaluru, Karnataka, India |
| Copeland India Private Limited | ₹1,370.71 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Pune, Maharashtra, India |
| Sanden Vikas (India) Private Limited | ₹1,269.37 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | New Delhi, Delhi, India |
| Highly Electrical Appliances India Private Limited | ₹1,081.03 Cr (FY 2024) | •••• | •••• | 34.0% | •••• | Ahmedabad, Gujarat, India |
| Doosan Bobcat India Private Limited | ₹1,041.66 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Blue Star Climatech 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 Blue Star Climatech Limited
Blue Star Climatech Limited is audited by M/s Deloitte Haskins & Sells LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M/s Deloitte Haskins & Sells LLP | 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.
Ownership and Shareholding of Blue Star Climatech 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 Blue Star Climatech Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Aug 2023 | The Hongkong and Shanghai Banking Corporation Limited | ₹200 Cr | Open |
| 11 Aug 2023 | Hdfc Bank Limited | ₹150 Cr | Open |
| 27 Mar 2023 | Axis Bank Limited | ₹200 Cr | Open |
| 13 May 2022 | Others | ₹80 Cr | Satisfied |
| 24 Mar 2022 | Axis Bank Limited | ₹200 Cr | Satisfied |
Total charge records: 5 View all charges
Deals & Funding of Blue Star Climatech Limited
Blue Star Climatech Limited has 3 deals on record (3 rights issues); the latest was in March 2024.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Rights issue | ₹418.4 Cr | Investors: Blue Star Limited |
| Dec 2022 | Rights issue | ₹70 Cr | Investors: Blue Star Limited |
| Jun 2021 | Rights issue | ₹23.6 Cr | Investors: Blue Star Limited |
Full deal history
All 3 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Blue Star Climatech Limited
Blue Star Climatech Limited has 2 MSME Form 1 returns on record between 2022 and 2023, listing 14 overdue payments to 7 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 (5 of 7)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| BLT Logistics Limited | •••• | •••• | •••• |
| Malles Automated and Robotic Systems Private Limited | •••• | •••• | •••• |
| Vakil and Sons Private Limited | •••• | •••• | •••• |
| Mirhae Engineering India Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Blue Star Climatech Limited
Blue Star Climatech Limited has a workforce of 95 employees as of Apr 08, 2024.
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 Blue Star Climatech Limited
Blue Star Climatech Limited has 18 board changes on record since 2021: 13 appointments and 5 cessations. The latest: Murlidhar Gangadharan was appointed as Additional Director on 01 Feb 2026.
20 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Blue Star Climatech 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.
Subsidiaries & Group Companies of Blue Star Climatech 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 Blue Star Climatech Limited
Blue Star Climatech has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCB8570E1ZH | Maharashtra | Active | 09 Jul 2021 |
| 37AAJCB8570E1ZG | Andhra Pradesh | Active | 09 Jun 2021 |
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 Blue Star Climatech 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.
Related news about Blue Star Climatech Limited
Frequently Asked Questions about Blue Star Climatech Limited
Blue Star Climatech is an active public limited company based in Mumbai, Maharashtra, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 17 May 2021 (5+ years old) and is registered under CIN U29243MH2021PLC360573.
Blue Star Climatech reported revenue of ₹1,486.42 Cr for FY 2025 (up 106% YoY).
Blue Star Climatech has 8 current directors and KMP:
- Vir Suneel Advani - Director
- Balasubramanian Thiagarajan - Director
- Nikhil Ramakrishna Sohoni - Director
- Murlidhar Gangadharan - Additional Director
- Mohit Sud - Director
- Shanmugapriya - Director
- Neha Rohit Roy - Company Secretary
- Sivakumar Ramani - Cfo
Blue Star Climatech reported a net profit of ₹61.52 Cr (net margin 4.1%) and EBITDA of ₹113.53 Cr (EBITDA margin 7.6%) for FY 2025, as per its filed financial statements.
The GSTIN of Blue Star Climatech is 27AAJCB8570E1ZH, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 37AAJCB8570E1ZG (Andhra Pradesh).
The CIN (Corporate Identification Number) of Blue Star Climatech is U29243MH2021PLC360573. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Blue Star Climatech was incorporated on 17 May 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
Blue Star Climatech has 3 deals on record (3 rights issues); the latest was in March 2024.
The peers of Blue Star Climatech by revenue are Daikin Airconditioning India Private Limited, Atlas Copco (India) Private Limited, Elgi Equipments Limited, Siemens Energy Industrial Turbomachinery India Private Limited, Kirloskar Pneumatic Company Limited and 5 more, all in the Machinery and Equipment industry (Compressors).
Murlidhar Gangadharan was appointed as Additional Director on 01 Feb 2026. Vipin Sondhi ceased to be Director on 31 Jan 2026. Venkata Rao Ponnada ceased to be Director on 19 Jan 2026. Blue Star Climatech has 18 board changes on record in total.
Blue Star Climatech has 2 MSME Form 1 returns on record between 2022 and 2023, listing 14 overdue payments to 7 micro and small suppliers. The latest return was filed on 30 Apr 2023.
Blue Star Climatech can be reached through the website bluestarindia.com. Its registered office is in Mumbai, Maharashtra, India.