MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0003308
Ethos Hvac Systems Ltd - machinery and equipment in Changodar, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹6.71 Cr
▲ 19% YoY
Net profit · FY 2025
₹4.23 Lakh
Net margin 0.6%
EBITDA · FY 2025
₹51.92 Lakh
EBITDA margin 7.7%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹9.5 Cr
Satisfied ₹11.85 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
16
Provident fund records
About Ethos Hvac Systems Ltd
Data last updated:
Ethos Hvac Systems Ltd is a public limited company based in Changodar, Gujarat, India. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 14 June 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U51909GJ1995PLC026307. Its GSTIN is 24AAACE4188L1ZG (Gujarat).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Dilip Laxmanbhai Jadawala (Managing Director) and Vishal Dilip Jadawala (Whole-Time Director).
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 501/P Tajpur Road Sarkhej Bavl Road Village Changodar Ta, Sanand, Gujarat, India – 382213.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.71 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹4.23 Lakh (net margin 0.6%) and EBITDA of ₹51.92 Lakh (EBITDA margin 7.7%). Revenue has grown at a compounded annual rate (CAGR) of 15% over three years and 8% 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 ₹9.5 Cr and satisfied charges of ₹11.85 Cr on record. Court records list 9 cases involving the company, including 2 filed by the company and 7 filed against it; 3 cases are pending.
Ethos Hvac Systems Ltd is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0003308). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ethoshvac.com.
Company details
CIN U51909GJ1995PLC026307
Registration Number 026307
Incorporation Date 14 June 1995
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-GJ-01-0003308
Key People
Dilip Laxmanbhai Jadawala Managing Director Vishal Dilip Jadawala Whole-Time Director Anjlee Dilipbhai Jadawala Whole-Time Director Recognitions & Rankings of Ethos Hvac Systems
Contact details
Ethos Hvac Systems Ltd's registered office is in Changodar, Gujarat. Its website is ethoshvac.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No 501/P Tajpur Road Sarkhej Bavl Road Village Changodar Ta, Sanand, Gujarat, India – 382213
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
To see the full contact details of Ethos Hvac Systems Ltd, buy the company report.
Comprehensive company report
Ethos Hvac Systems Ltd - one report that includes everything
- 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
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Business activity
The main business activity of Ethos Hvac Systems 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 Ethos Hvac Systems Ltd, buy the company report.
Financials of Ethos Hvac Systems Ltd
FY 2025 filings availableEthos Hvac Systems Ltd reported revenue of ₹6.71 Cr (up 19% YoY) for FY 2025.
Revenue · FY 2025
₹6.71 Cr ▲ 19%
Net profit · FY 2025
₹4.23 Lakh margin 0.6%
EBITDA · FY 2025
₹51.92 Lakh margin 7.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 15%
5 years · compounded
▲ 8%
EBITDA CAGR growth
1 year
▼ 4%
3 years · compounded
▼ 8%
5 years · compounded
▲ 9%
Revenue has grown at a compounded annual rate (CAGR) of 8% over five years, including 19% growth in the latest year. EBITDA fell 4% 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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| Revenue from Operations | |||||
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| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹51.92 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.23 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7.7% | ||||
| Net Profit Margin | 0.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
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To see the full financial statements and ratios of Ethos Hvac Systems Ltd, buy the company report.
Board of directors of Ethos Hvac Systems Ltd
Ethos Hvac Systems has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilip Laxmanbhai Jadawala | Managing Director | 14 Jun 1995 | 31 Years 4 Months | Current |
| Vishal Dilip Jadawala | Whole-Time Director | 19 Feb 2007 | 19 Years 8 Months | Current |
| Anjlee Dilipbhai Jadawala | Whole-Time Director | 15 Oct 1995 | 31 Years 0 Months | Current |
Auditor
Ethos Hvac Systems Ltd is audited by L. K. SHAH & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| L. K. SHAH & CO | FY 2022 | 109651W |
Shareholding
The shareholding of Ethos Hvac Systems Ltd is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ethos Hvac Systems Ltd, buy the company report.
Charges & borrowings
Open charges
₹9.5 Cr
Satisfied charges
₹11.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Mar 2015 | 10555965 | The Cosmos Co-Op. Bank Ltd. Satellite Branch | ₹25 Lakh | Open | |
| 28 Oct 2010 | 10249013 | The Cosmos Co.Op. Bank Ltd. Satellite Branch | ₹5.25 Cr | Open | |
| 28 Oct 2010 | 10249014 | Others | ₹4 Cr | Open | |
| 26 Dec 2011 | 10331800 | The Costmos Co-Operative Bank Ltd | ₹50 Lakh | Satisfied | |
| 03 May 2008 | 10102949 | State Bank of India | ₹4.25 Cr | Satisfied |
To see the full charge records of Ethos Hvac Systems Ltd, buy the company report.
Total charge records: 10 View all charges
Legal cases
Ethos Hvac Systems Ltd has 9 court cases on record: 2 filed by Ethos Hvac Systems, 7 filed against it. 3 cases are pending and 6 are disposed.
Total cases
9
Filed by the company
2
Filed against the company
7
Pending
3
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 7 | 1 |
| High courts | 2 | 0 | 2 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Desiccant Rotors International Pvt Ltd | Disposed |
| District court, Central, Delhi | Commercial suit | Filed against the company by Desiccant Rotors International Pvt Ltd | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by M/S Spectrum Filtration Pvt Ltd | Disposed |
| High Court of Gujarat | Special civil application | Filed by the company against an individual | Pending |
| High Court of Gujarat | Special civil application | Filed by the company against an individual | Pending |
To see the full case history of Ethos Hvac Systems Ltd, 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
No delayed payments to MSME suppliers are on our record for Ethos Hvac Systems Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Ethos Hvac Systems Ltd has a workforce of 16 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.
Employee count
16
Active EPFO establishments
1
Employee growth
-20%
GST
Ethos Hvac Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACE4188L1ZG | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ethos Hvac Systems Ltd, buy the company report.
Recent activity
Ethos Hvac Systems Ltd has 5 board changes on record since 1995: 3 appointments and 2 cessations. The latest: Laxmanbhai Chandulal Jadawala ceased to be Director on 03 Oct 2010.
AGM
Ethos Hvac Systems Ltd last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Ethos Hvac Systems Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge with Others of Rs. 4.00 Cr registered on 28 Oct 2010 with Charge ID 10249014 was modified on 15 Mar 2019.
Charges
A charge with The Cosmos Co-Op. Bank Ltd. Satellite Branch amounted to Rs. 0.25 Cr with Charge ID 10555965 was registered on 17 Mar 2015.
Charges
A charge with The Cosmos Co.Op. Bank Ltd. Satellite Branch of Rs. 5.25 Cr registered on 28 Oct 2010 with Charge ID 10249013 was modified on 17 Jan 2015.
Charges
A charge registered on 26 Dec 2011 via Charge ID 10331800 with The Costmos Co-Operative Bank Ltd was fully satisfied on 17 Aug 2012.
Charges
A charge with The Costmos Co-Operative Bank Ltd amounted to Rs. 0.50 Cr with Charge ID 10331800 was registered on 26 Dec 2011.
Charges
A charge registered on 03 May 2008 via Charge ID 10102949 with State Bank Of India was fully satisfied on 15 Nov 2010.
Charges
A charge registered on 18 Apr 2008 via Charge ID 10102950 with State Bank Of India was fully satisfied on 15 Nov 2010.
Charges
A charge with The Cosmos Co.Op. Bank Ltd. Satellite Branch amounted to Rs. 5.25 Cr with Charge ID 10249013 was registered on 28 Oct 2010.
Charges
A charge with Others amounted to Rs. 4.00 Cr with Charge ID 10249014 was registered on 28 Oct 2010.
Ceased
Laxmanbhai Chandulal Jadawala ceased to be Director.
20 earlier events are in the company report.
Frequently asked questions
Ethos Hvac Systems is an active public limited company based in Changodar, Gujarat, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 14 June 1995 (31+ years old) and is registered under CIN U51909GJ1995PLC026307.
Ethos Hvac Systems has 3 current directors:
- Dilip Laxmanbhai Jadawala - Managing Director
- Vishal Dilip Jadawala - Whole-Time Director
- Anjlee Dilipbhai Jadawala - Whole-Time Director
The latest financial statements of Ethos Hvac Systems 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 Ethos Hvac Systems is 24AAACE4188L1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of Ethos Hvac Systems is U51909GJ1995PLC026307. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ethos Hvac Systems has 9 court cases on record: 2 filed by the company and 7 filed against it. 3 are pending. Most are in the district courts.
Ethos Hvac Systems was incorporated on 14 June 1995, making it 31+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Laxmanbhai Chandulal Jadawala ceased to be Director on 03 Oct 2010. Anjlee Dilipbhai Jadawala ceased to be Director on 01 Sep 2008. Vishal Dilip Jadawala was appointed as Whole-Time Director on 19 Feb 2007. Ethos Hvac Systems has 5 board changes on record in total.
Yes, Ethos Hvac Systems is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0003308).
Ethos Hvac Systems can be reached through the website ethoshvac.com. Its registered office is in Changodar, Gujarat, India.
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