About Carrier Technologies India Limited
Data last updated:
Carrier Technologies India Limited is a public limited foreign company incorporated in india based in Mumbai, Maharashtra, India, a subsidiary of Kidde International Ltd. It operates in the industrial maintenance and repair services segment of the engineering sector. It was incorporated on 06 May 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29193MH1981FLC024364. Its GSTIN is 27AAACV2873P1ZP (Maharashtra). The company holds 14 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹308 Cr and a paid-up capital of ₹306.84 Cr. It was formerly known as Vijay Fire Protection Systems Limited and Vijay Industries and Projects Limited. It is led by directors including Nanda Kishore Lakkaraju (Managing Director) and Shalini Singh (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Unit 4B 2nd Floor The Centrium Lal Bahadur Shashtri Marg Kurla West, Mumbai, Maharashtra, India – 400070.
As per the financials filed for FY 2025, the company reported a revenue of ₹798.48 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹141.93 Cr (net margin 17.8%) and EBITDA of ₹161.15 Cr (EBITDA margin 20.2%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 20% over five years.
The company has about 1,335 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹131.76 Cr on record. Court records list 51 cases involving the company, including 33 filed by the company and 17 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website carrier.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressUnit 4B 2nd Floor The Centrium Lal Bahadur Shashtri Marg Kurla West, Mumbai, Maharashtra, India – 400070
- IndustryEngineering, Industrial Maintenance & Repair Services
- 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 Carrier Technologies India Limited
The main business activities of Carrier Technologies India are trade and professional, scientific and technical. In detail, this covers wholesale trading and scientific research and development. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
| M | Professional, Scientific and Technical | M5 | Scientific research and development | 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 Carrier Technologies India Limited FY 2024 filings available
Carrier Technologies India Limited reported revenue of ₹798.48 Cr (up 28% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Carrier Technologies India Limited
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 28% growth in the latest year. EBITDA rose 47% 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 Carrier Technologies India Limited
| 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 | ₹161.15 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹141.93 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 Carrier Technologies India Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 17.8% | •••• | •••• | •••• | •••• |
| 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 Carrier Technologies India are in the company report.
Financial statements from 2015
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.
Peer Comparison of Carrier Technologies India Limited
Carrier Technologies India Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (IT Consulting and Services, Industrial Products Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gep Solutions Private Limited | ₹816.02 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Navi Mumbai, Maharashtra, India |
| Altruist Technologies Private Limited | ₹815.64 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Shimla, Himachal Pradesh, India |
| West Pharmaceutical Packaging India Private Limited | ₹814.55 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Hyderabad, Telangana, India |
| Manhattan Associates (India) Development Centre Private Limited | ₹811.9 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
| First American (India) Private Limited | ₹807.92 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Bangalore, Karnataka, India |
| Carrier Technologies India Limited this company | ₹798.48 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Mumbai, Maharashtra, India |
| Blue Cloud Softech Solutions Limited Listed | ₹797.7 Cr (FY 2025) | •••• | •••• | 59.0% | •••• | Hyderabad, Telangana, India |
| Brilyant IT Solutions Private Limited | ₹789.43 Cr (FY 2024) | •••• | •••• | 25.0% | •••• | Bangalore, Karnataka, India |
| Mitsui and Co India Private Limited | ₹787.35 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | New Delhi, Delhi, India |
| Bloom Electronics Private Limited | ₹786.86 Cr (FY 2025) | •••• | •••• | 62.0% | •••• | Coimbatore, Tamil Nadu, India |
| Bharatiya Global Infomedia Limited Listed | ₹784.44 Cr (FY 2024) | •••• | •••• | 35018.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Carrier Technologies India by revenue in the Machinery and Equipment industry (IT Consulting and Services, Industrial Products Retail and Distribution), 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 Carrier Technologies India Limited
Carrier Technologies India Limited is audited by M S K A & Associates for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M S K A & Associates | 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.
Board of Directors of Carrier Technologies India Limited
Carrier Technologies India has 6 current directors and 42 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shalini Singh | Whole-Time Director | 30 Aug 2022 | 4 Years 1 Months | Current |
| Pankaj Krishandev Mehta | Director | 13 Mar 2024 | 2 Years 6 Months | Current |
| Srinivasa Rao Perni | Whole-Time Director | 18 Mar 2024 | 2 Years 6 Months | Current |
| Nanda Kishore Lakkaraju | Managing Director | 11 Oct 2023 | 3 Years 0 Months | Current |
| Narendra Singh Sisodia | Director | 26 Jun 2024 | 2 Years 3 Months | Current |
| Mahesh Natarajan Also directs: Timelesshorizon LLP | Director | 26 Aug 2025 | 1 Years 1 Months | Current |
Ownership and Shareholding of Carrier Technologies India 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 Carrier Technologies India Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Mar 2002 | The Hongkong and Shanghai Banking Corporation Ltd | ₹27 Cr | Satisfied |
| 13 Mar 2002 | The Hongkong and Shanghai Banking Ltd. | ₹27 Cr | Satisfied |
| 15 Mar 2000 | The Shamrao Vithal Co-Op.Bank Ltd | ₹9.95 Lakh | Satisfied |
| 24 Feb 1998 | Industrial Development Bank of India | ₹4 Cr | Satisfied |
| 26 Mar 1997 | State Bank of India | ₹45.85 Cr | Satisfied |
Total charge records: 13 View all charges
Legal Cases of Carrier Technologies India Limited
Carrier Technologies India Limited has 51 court cases on record: 33 filed by Carrier Technologies India, 17 filed against it, 1 where it is another party. 2 cases are pending and 49 are disposed. Status as checked between 28 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 36 | 5 | 1 |
| District courts | 15 | 12 | 1 |
Cases on record (5 of 51)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (FAO(OS)) | Filed by the company against NTPC Limited | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by The Mysore Kirloskar Limited | Disposed |
| High Court of Karnataka | Court case (MFA) | Filed by the company against Mangalore Refinery and Petrochemicals Limited | Disposed |
| High Court of Delhi | Court case (O.M.P.) | Filed by the company against Bharat Heavy Electricals Limited | Disposed |
| High Court of Delhi | Court case (O.M.P.) | Filed by the company against Bhartiya Rail Bijlee Company Limited | Disposed |
Full case history
All 51 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Carrier Technologies India Limited
Carrier Technologies India Limited has 22 MSME Form 1 returns on record between 2012 and 2023, listing 772 overdue payments to 85 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 85)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| White Crow Research Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Intwine Electronics Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 22 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 Carrier Technologies India Limited
Carrier Technologies India Limited has a workforce of 1,335 employees as of Apr 01, 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.
Name History of Carrier Technologies India Limited
Carrier Technologies India has undergone 7 name changes throughout its history. The current legal name is Carrier Technologies India Limited.
| Company Name | Status |
|---|---|
| Carrier Technologies India Limited | Current |
| Vijay Fire Protection Systems Limited | Previous |
| Vijay Industries And Projects Limited | Previous |
| Kidde India Limited | Previous |
| Carrier Technology Solutions India Limited | Previous |
| Utc Fire & Security India Limited | Previous |
| Vijay Fire Protection Systems Private Limited | Previous |
CIN History of Carrier Technologies India Limited
Carrier Technologies India has one previous CIN (Corporate Identification Number): U29193MH1981PLC024364. The current CIN is U29193MH1981FLC024364, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29193MH1981FLC024364 | Current |
| U29193MH1981PLC024364 | Previous |
News related to Carrier Technologies India Limited
Recent Activity on Carrier Technologies India Limited
Carrier Technologies India Limited has 44 board changes on record since 2007: 6 appointments and 38 cessations. The latest: Mahesh Natarajan ceased to be Additional Director on 28 Sep 2025.
69 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Carrier Technologies India 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 Carrier Technologies India 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 Carrier Technologies India Limited
Carrier Technologies India has 14 GST registrations: 5 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV2873P1ZP | Maharashtra | Active | 01 Jul 2017 |
| 29AAACV2873P1ZL | Karnataka | Active | 01 Jul 2017 |
| 36AAACV2873P1ZQ | Telangana | Active | 01 Jul 2017 |
| 06AAACV2873P1ZT | Haryana | Active | 28 Mar 2023 |
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 Carrier Technologies India 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.
Frequently Asked Questions about Carrier Technologies India Limited
Carrier Technologies India is an active public limited foreign company incorporated in india based in Mumbai, Maharashtra, India. The company works in industrial maintenance and repair services, within the engineering industry. It was incorporated on 06 May 1981 (45+ years old) and is registered under CIN U29193MH1981FLC024364.
Carrier Technologies India reported revenue of ₹798.48 Cr for FY 2025 (up 28% YoY).
Carrier Technologies India has 6 current directors:
- Nanda Kishore Lakkaraju - Managing Director
- Shalini Singh - Whole-Time Director
- Srinivasa Rao Perni - Whole-Time Director
- Pankaj Krishandev Mehta - Director
- Narendra Singh Sisodia - Director
- Mahesh Natarajan - Director
Carrier Technologies India reported a net profit of ₹141.93 Cr (net margin 17.8%) and EBITDA of ₹161.15 Cr (EBITDA margin 20.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Carrier Technologies India is 19% over three years and 20% over five years. In the latest year (FY 2025) revenue rose 28%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Carrier Technologies India is 27AAACV2873P1ZP, registered in Maharashtra. The company has 14 GST registrations in all, of which 5 are active and 9 are cancelled or inactive. Other active GSTINs include 29AAACV2873P1ZL (Karnataka), 36AAACV2873P1ZQ (Telangana), 06AAACV2873P1ZT (Haryana).
The CIN (Corporate Identification Number) of Carrier Technologies India is U29193MH1981FLC024364. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Carrier Technologies India has 51 court cases on record: 33 filed by the company and 17 filed against it. 2 are pending. Most are in the high courts.
Carrier Technologies India was incorporated on 06 May 1981, making it 45+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Carrier Technologies India by revenue are Gep Solutions Private Limited, Altruist Technologies Private Limited, West Pharmaceutical Packaging India Private Limited, Manhattan Associates (India) Development Centre Private Limited, First American (India) Private Limited and 5 more, all in the Machinery and Equipment industry (IT Consulting and Services, Industrial Products Retail and Distribution).
Mahesh Natarajan ceased to be Additional Director on 28 Sep 2025. Mahesh Natarajan was appointed as Director on 26 Aug 2025. Cherukuri Srinivasa Rao ceased to be CFO on 21 Aug 2025. Carrier Technologies India has 44 board changes on record in total.
Carrier Technologies India has 22 MSME Form 1 returns on record between 2012 and 2023, listing 772 overdue payments to 85 micro and small suppliers. The latest return was filed on 16 Dec 2023.