About Boyd Thermal Systems India Private Limited
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Boyd Thermal Systems India Private Limited is a private limited company based in Waghodia, Gujarat, India, a subsidiary of Aavid Thermalloy Llc. It operates in the construction materials segment of the manufacturing sector. It was incorporated on 21 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ2004PTC044157. Its GSTIN is 24AAECA9119R1Z7 (Gujarat). The company holds 4 GST registrations, of which 3 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹13.53 Cr. It was formerly known as Aavid Thermalloy India Private Limited. It is led by directors including Eric Karel Struik and Yogesh Bharatbhai Saglani.
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 Nexus Industrial Park, Waghodia, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹110.68 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹12.39 Cr (net margin 11.2%) and EBITDA of ₹18.3 Cr (EBITDA margin 16.5%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 38% over five years.
The company has about 167 employees on its provident fund (EPFO) records.
Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.92 Cr; the latest was in May 2016. The company has 14 MSME Form 1 returns on record between 2019 and 2023, listing 1,241 overdue payments to 33 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 boydcorp.com.
Company details
Contact details
Boyd Thermal Systems India Private Limited's registered office is in Waghodia, Gujarat. Its website is boydcorp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit B&C Nexus Industrial Park Ph. 2 Survey No.785 Village Kotambi Vadodara To Halol Road, Jarod, Waghodia, Gujarat, India – 391510
- IndustryManufacturing, Construction Materials
To see the full contact details of Boyd Thermal Systems India 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 activities of Boyd Thermal Systems India are manufacturing and professional, scientific and technical. In detail, this covers metal and metal products and other professional, scientific and technical activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Boyd Thermal Systems India Private Limited, buy the company report.
Financials of Boyd Thermal Systems India Private Limited
FY 2025 filings availableBoyd Thermal Systems India Private Limited reported revenue of ₹110.68 Cr (up 33% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 38% over five years, including 33% growth in the latest year. EBITDA rose 46% 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 |
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| EBITDA | ₹18.3 Cr | ||||
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| Net Profit (PAT) | ₹12.39 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 16.5% | ||||
| Net Profit Margin | 11.2% | ||||
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To see the full financial statements and ratios of Boyd Thermal Systems India Private Limited, buy the company report.
Board of directors and KMP of Boyd Thermal Systems India Private Limited
Boyd Thermal Systems India Private Limited currently reports 3 directors and 1 key managerial person. 10 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Eric Karel Struik | Director | 18 Sep 2017 | 9 Years 1 Months | Current |
| Yogesh Bharatbhai Saglani | Director | 10 Jun 2019 | 7 Years 4 Months | Current |
| Huang Yan | Director | 10 Jun 2019 | 7 Years 4 Months | Current |
| Shreya Saraf Also directs: Beryl Drugs Limited, Narmada Extrusions Limited | Company Secretary | 18 Apr 2024 | 2 Years 6 Months | Current |
Auditor
Boyd Thermal Systems India Private Limited is audited by K M SWADIA AND COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K M SWADIA AND COMPANY | FY 2023 | 110740W |
Shareholding
The shareholding of Boyd Thermal Systems India Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Boyd Thermal Systems India Private Limited, buy the company report.
Deals & funding
Boyd Thermal Systems India Private Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.92 Cr; the latest was in May 2016.
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| May 2016 | Funding round | ₹34 Lakh | Investors: Boyd Laconia, Llc |
| Aug 2011 | Funding round | ₹2.58 Cr | Investors: Boyd Laconia, Llc |
| Jul 2005 | Secondary share transfer | Undisclosed | Buyer: Boyd Laconia, Llc, Aavid Thermal Technology Inc Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Boyd Thermal Systems India Private Limited has 3 court cases on record: 2 filed by Boyd Thermal Systems India, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 1 | 1 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Vadodara, Gujarat | Court case (AGRMNT LC) | Filed against the company by an individual | Disposed |
| High Court, GUJARAT | Commercial suit | Filed by the company against an individual | Disposed |
| High Court, GUJARAT | Court case (COMP) | Filed by the company against an individual | Disposed |
To see the full case history of Boyd Thermal Systems India Private 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.
MSME payment delays
Boyd Thermal Systems India Private Limited has 14 MSME Form 1 returns on record between 2019 and 2023, listing 1,241 overdue payments to 33 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 33)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hasten Extrusions Private Limited | |||
| TCR Advanced Engineering Private Limited | |||
| Pi Logistics (India) Private Limited | |||
| Lasercut Steelworks Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Boyd Thermal Systems India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Boyd Thermal Systems India Private Limited has a workforce of 167 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Boyd Thermal Systems India has 4 GST registrations: 3 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAECA9119R1Z7 | Gujarat | Active | 01 Jul 2017 |
| 29AAECA9119R2ZW | Karnataka | Active | 01 Jul 2017 |
| 33AAECA9119R1Z8 | Tamil Nadu | Active | 16 Mar 2022 |
To see the full GST registrations and return filing status of Boyd Thermal Systems India Private Limited, buy the company report.
Recent activity
Boyd Thermal Systems India Private Limited has 22 board changes on record since 2004: 13 appointments and 9 cessations. The latest: Shreya Saraf was appointed as Company Secretary on 18 Apr 2024.
13 earlier events are in the company report.
Frequently asked questions
Boyd Thermal Systems India is an active private limited company based in Waghodia, Gujarat, India. The company works in construction materials, within the manufacturing industry. It was incorporated on 21 May 2004 (22+ years old) and is registered under CIN U31909GJ2004PTC044157.
Boyd Thermal Systems India has 4 current directors and KMP:
- Eric Karel Struik - Director
- Yogesh Bharatbhai Saglani - Director
- Huang Yan - Director
- Shreya Saraf - Company Secretary
The latest financial statements of Boyd Thermal Systems India 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 Boyd Thermal Systems India is 24AAECA9119R1Z7, registered in Gujarat. The company has 4 GST registrations in all, of which 3 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAECA9119R2ZW (Karnataka), 33AAECA9119R1Z8 (Tamil Nadu).
The CIN (Corporate Identification Number) of Boyd Thermal Systems India is U31909GJ2004PTC044157. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Boyd Thermal Systems India has 3 court cases on record: 2 filed by the company and 1 filed against it. Most are in the high courts.
Boyd Thermal Systems India was incorporated on 21 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Boyd Thermal Systems India has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹2.92 Cr; the latest was in May 2016.
Shreya Saraf was appointed as Company Secretary on 18 Apr 2024. Mitchell Franklin Aiello ceased to be Director on 15 May 2020. Atulkumar Prabhudas Patel ceased to be Director on 17 Jun 2019. Boyd Thermal Systems India has 22 board changes on record in total.
Boyd Thermal Systems India has 14 MSME Form 1 returns on record between 2019 and 2023, listing 1,241 overdue payments to 33 micro and small suppliers. The latest return was filed on 26 Oct 2023.
Boyd Thermal Systems India can be reached through the website boydcorp.com. Its registered office is in Waghodia, Gujarat, India.