Doshi Heaters Private Limited
About Doshi Heaters Private Limited
Data last updated:
Doshi Heaters Private Limited is a private limited company based in Udhna, Gujarat, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 27 March 1985 and has been in existence for over 41 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U31909GJ1985PTC007751. Its GSTIN is 24AAACD9330K1ZP (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹10 Lakh. It is led by directors including Snehal Navinchandra Doshi and Nirupam Popatlal Doshi.
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 Plot No : 48 – 51 Road No : 3 Dist : Surat, Udhna, Gujarat, India – 394210.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.97 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹2.87 Lakh (net margin 1.5%) and EBITDA of ₹6.4 Lakh (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 6% over five years.
The company has about 16 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.91 Cr on record. Court records list 9 cases involving the company, including 1 filed by the company and 8 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- WebsiteLocked
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- Registered AddressPlot No : 48 – 51 Road No : 3 Dist : Surat, Udhna, Gujarat, India – 394210
- IndustryMachinery and Equipment, Industrial Machinery 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 Doshi Heaters Private Limited
The main business activity of Doshi Heaters 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 Doshi Heaters Private Limited FY 2025 filings available
Doshi Heaters Private Limited reported revenue of ₹1.97 Cr (down 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Doshi Heaters Private Limited
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 8% 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 Doshi Heaters Private 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 | ₹6.4 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.87 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 Doshi Heaters Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.5% | •••• | •••• | •••• | •••• |
| 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 Doshi Heaters 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.
Auditor Details of Doshi Heaters Private Limited
Doshi Heaters Private Limited is audited by DSI & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DSI & CO. | 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 Doshi Heaters Private Limited
Doshi Heaters has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Snehal Navinchandra Doshi | Director | 15 Apr 2010 | 16 Years 5 Months | Current |
| Nirupam Popatlal Doshi | Director | 27 Mar 1985 | 41 Years 6 Months | Current |
| Pankil Nirupambhai Doshi Also directs: Kantilal Chunilal and Sons Appliances Private Limited | Director | 18 Jul 2018 | 8 Years 2 Months | Current |
Ownership and Shareholding of Doshi Heaters Private 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 Doshi Heaters Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Dec 2021 | Hdfc Bank Limited | ₹6.2 Lakh | Open |
| 21 Oct 2002 | Bank of Baroda | ₹1.01 Cr | Open |
| 13 Sep 2002 | Bank of Baroda | ₹7.78 Cr | Open |
| 15 May 2002 | Prime Co-Op. Bank Limited | ₹1.37 Lakh | Open |
| 24 Jul 1998 | Bank of Baroda | ₹47.18 Lakh | Open |
Total charge records: 9 View all charges
Legal Cases of Doshi Heaters Private Limited
Doshi Heaters Private Limited has 9 court cases on record: 1 filed by Doshi Heaters, 8 filed against it. 2 cases are pending and 7 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 8 | 2 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against The Bank of Baroda Limited | Disposed |
| Bombay High Court | Court case (TD) | Filed against the company by an individual | Pending |
| Bombay High Court | Court case (EXA) | Filed against the company by N. E. C. Investment Co. Pvt. Ltd | Pending |
| Bombay High Court | Court case (N) | Filed against the company by N. E. C. Investment Co. Pvt. Ltd | Disposed |
| Bombay High Court | Court case (SJ) | Filed against the company by N. E. C. Investment Co | Disposed |
Full case history
All 9 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.
Employees and EPFO Compliance at Doshi Heaters Private Limited
Doshi Heaters Private Limited has a workforce of 16 employees as of Oct 09, 2025.
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 Doshi Heaters Private Limited
Credit Ratings, Litigation & Regulatory Alerts for Doshi Heaters Private 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.
MSME Payment Delays by Doshi Heaters Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Doshi Heaters Private 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 Doshi Heaters Private Limited
Doshi Heaters has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACD9330K1ZP | Gujarat | Active | 01 Jul 2017 |
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 Doshi Heaters Private 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 Doshi Heaters Private Limited
Doshi Heaters is an active private limited company based in Udhna, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 27 March 1985 (41+ years old) and is registered under CIN U31909GJ1985PTC007751.
Doshi Heaters reported revenue of ₹1.97 Cr for FY 2025 (down 3% YoY).
Doshi Heaters has 3 current directors:
- Snehal Navinchandra Doshi - Director
- Nirupam Popatlal Doshi - Director
- Pankil Nirupambhai Doshi - Director
Doshi Heaters reported a net profit of ₹2.87 Lakh (net margin 1.5%) and EBITDA of ₹6.4 Lakh (EBITDA margin 3.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Doshi Heaters is 5% over three years and 6% over five years. In the latest year (FY 2025) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Doshi Heaters is 24AAACD9330K1ZP, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Doshi Heaters is U31909GJ1985PTC007751. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Doshi Heaters has 9 court cases on record: 1 filed by the company and 8 filed against it. 2 are pending.
Doshi Heaters was incorporated on 27 March 1985, making it 41+ years old. It is registered with the Registrar of Companies, Ahmedabad.