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 6 peer companies in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 2 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.
Company details
Contact details
Blue Star Climatech Limited's registered office is in Mumbai, Maharashtra. Its website is bluestarindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFloor – 4 Plot – 171/172 Kasturi Building Jamshedji Tata Road Churchgate, Mumbai, Maharashtra, India – 400020
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of Blue Star Climatech 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 Blue Star Climatech 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 Blue Star Climatech Limited, buy the company report.
Financials of Blue Star Climatech Limited
FY 2025 filings availableBlue Star Climatech Limited reported revenue of ₹1,486.42 Cr (up 106% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Total Expenses | ||||
| EBITDA | ₹113.53 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹61.52 Cr | |||
| Balance Sheet | ||||
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Financial Ratios
| 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) | ||||
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To see the full financial statements and ratios of Blue Star Climatech Limited, buy the company report.
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
Blue Star Climatech 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 |
|---|---|---|---|---|---|---|
| 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 | ₹3,568.1 Cr (FY 2025) | 9.0% | Coimbatore, Tamil Nadu, India | |||
| Kirloskar Pneumatic Company Limited | ₹1,650.74 Cr (FY 2025) | 23.0% | Pune, Maharashtra, India | |||
| Blue Star Climatech Limitedthis company | ₹1,486.42 Cr (FY 2025) | ₹61.52 Cr | 4.1% | 106.0% | 95 | Mumbai, Maharashtra, India |
| Ingersoll-Rand (India) Limited | ₹1,374.58 Cr (FY 2025) | 11.0% | Bengaluru, Karnataka, India | |||
| Sanden Vikas (India) Private Limited | ₹1,269.37 Cr (FY 2025) | 17.0% | New Delhi, Delhi, India |
To see the full peer comparison of Blue Star Climatech Limited, buy the company report.
Auditor
Blue Star Climatech Limited is audited by M/s Deloitte Haskins & Sells LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M/s Deloitte Haskins & Sells LLP | FY 2023 | 117366W/W-100018 |
Shareholding
The shareholding of Blue Star Climatech Limited is on record for FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Foreign institutional investors (FII) | |
| Public | |
| Others |
To see the full shareholding pattern of Blue Star Climatech Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 25 Aug 2023 | 100780895 | The Hongkong and Shanghai Banking Corporation Limited | ₹200 Cr | Open | |
| 11 Aug 2023 | 100769765 | Hdfc Bank Limited | ₹150 Cr | Open | |
| 27 Mar 2023 | 100698234 | Axis Bank Limited | ₹200 Cr | Open | |
| 13 May 2022 | 100571176 | Others | ₹80 Cr | Satisfied | |
| 24 Mar 2022 | 100555130 | Axis Bank Limited | ₹200 Cr | Satisfied |
To see the full charge records of Blue Star Climatech Limited, buy the company report.
Total charge records: 5 View all charges
Deals & funding
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 |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Blue Star Climatech Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Blue Star Climatech Limited was last rated by Care on 29 Jun 2022.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 29 Jun 2022 |
To see the full credit ratings and regulatory alerts of Blue Star Climatech Limited, buy the company report.
MSME payment delays
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 |
To see the full MSME payment records of Blue Star Climatech Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Blue Star Climatech Limited has a workforce of 95 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
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 |
To see the full GST registrations and return filing status of Blue Star Climatech Limited, buy the company report.
Recent activity
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 in the company report.
News
Frequently asked questions
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 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
The latest financial statements of Blue Star Climatech on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 23 July 2025. Year-wise statements from FY 2022 are in the company report.
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, Kirloskar Pneumatic Company Limited, Ingersoll-Rand (India) 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).
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.
The registered office of Blue Star Climatech is at Floor – 4 Plot – 171172 Kasturi Building Jamshedji Tata Road Churchgate, Mumbai, Maharashtra, India – 400020.