About Finpower Aircon Systems Private Limited
Data last updated:
Finpower Aircon Systems Private Limited is a private limited company based in Karkala, Karnataka, India. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 30 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31908KA2011PTC096579. Its GSTIN is 29AABCF8356J1Z6 (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹4.95 Cr. It is led by directors including Mangalore Kumud Kamath and Dipthi Mangalpadi Shenoy.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Karkala, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.93 Cr, a decline of 48% compared to the previous year. For the same year it recorded a net loss of ₹95.39 Lakh (net margin -8%) and EBITDA of -₹60.04 Lakh (EBITDA margin -5%). Revenue has declined at a compounded annual rate (CAGR) of 2% over three years and 5% over five years.
The company has about 89 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹7.72 Cr on record. Court records list 1 case involving the company, including 1 filed against it. The company has 1 deal on record (1 rights issue); the latest was in July 2018. Its 10 peer companies in the Machinery and Equipment industry (Compressors) are compared by revenue, 5 larger and 5 smaller; the largest is Deconcord Hvac Systems and Solutions Private Limited with revenue of ₹12.18 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2020, listing 62 overdue payments to 6 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 finpower.co.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressBlock No. 12 (P4), Epip Industrial Area, Karkala, Karnataka, India – 574144
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
- 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 Finpower Aircon Systems Private Limited
The main business activity of Finpower Aircon Systems 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 Finpower Aircon Systems Private Limited FY 2024 filings available
Finpower Aircon Systems Private Limited reported revenue of ₹11.93 Cr (down 48% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Finpower Aircon Systems Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 48% fall in the latest year. EBITDA fell 128% 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 Finpower Aircon Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | -₹60.04 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹95.39 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 Finpower Aircon Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -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 Finpower Aircon Systems 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 Finpower Aircon Systems Private Limited
Finpower Aircon Systems Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Compressors). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Deconcord Hvac Systems and Solutions Private Limited | ₹12.18 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Bangalore, Karnataka, India |
| Apc Air Systems Private Limited | ₹12.17 Cr (FY 2025) | •••• | •••• | 75.0% | •••• | New Delhi, Delhi, India |
| Roots Cooling Systems Private Limited | ₹12.17 Cr (FY 2025) | •••• | •••• | -20.0% | •••• | New Delhi, Delhi, India |
| Nipb Industrial Brushes India Private Limited | ₹12.15 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Khed, Maharashtra, India |
| Coimbatore Compressor Engineering Company Private Limited | ₹11.96 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Coimbatore, Tamil Nadu, India |
| Finpower Aircon Systems Private Limited this company | ₹11.93 Cr (FY 2024) | •••• | •••• | -48.0% | •••• | Karkala, Karnataka, India |
| Otl Technology and Solutions Private Limited | ₹11.84 Cr (FY 2024) | •••• | •••• | 106.0% | •••• | Mumbai, Maharashtra, India |
| Euroclima (India) Private Limited | ₹11.68 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Thane, Maharashtra, India |
| Hiver Aircon Private Limited | ₹11.6 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Narain Cooling Technologies Private Limited | ₹11.4 Cr (FY 2025) | •••• | •••• | 44.0% | •••• | Agra, Uttar Pradesh, India |
| Lucent Aquatech Private Limited | ₹11.29 Cr (FY 2024) | •••• | •••• | 34.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Finpower Aircon Systems by revenue in the Machinery and Equipment industry (Compressors), 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 Finpower Aircon Systems Private Limited
Finpower Aircon Systems Private Limited is audited by PRASANNA SHENOY & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PRASANNA SHENOY & 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 Finpower Aircon Systems Private Limited
Finpower Aircon Systems has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mangalore Kumud Kamath | Director | 01 Oct 2020 | 6 Years 0 Months | Current |
| Dipthi Mangalpadi Shenoy | Director | 30 Aug 2011 | 15 Years 1 Months | Current |
| Mangalpadi Rajesh Shenoy | Director | 30 Aug 2011 | 15 Years 1 Months | Current |
Ownership and Shareholding of Finpower Aircon Systems 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 Finpower Aircon Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Dec 2024 | Others | ₹7.4 Cr | Open |
| 04 May 2024 | Others | ₹31.6 Lakh | Open |
Total charge records: 2 View all charges
Deals & Funding of Finpower Aircon Systems Private Limited
Finpower Aircon Systems Private Limited has 1 deal on record (1 rights issue); the latest was in July 2018.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2018 | Rights issue | ₹4.94 Cr | Investors: an individual |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Finpower Aircon Systems Private Limited
Finpower Aircon Systems Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by an individual | Disposed |
Full case history
All 1 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 Finpower Aircon Systems Private Limited
Finpower Aircon Systems Private Limited has 5 MSME Form 1 returns on record between 2019 and 2020, listing 62 overdue payments to 6 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 6)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Aeropure Uv Systems Private Limited | •••• | •••• | •••• |
| Canara Electric & Refrigeration Co | •••• | •••• | •••• |
| United Electrical & Automation Co. | •••• | •••• | •••• |
| Horizon Inc. | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 5 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 Finpower Aircon Systems Private Limited
Finpower Aircon Systems Private Limited has a workforce of 89 employees as of Apr 09, 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.
CIN History of Finpower Aircon Systems Private Limited
Finpower Aircon Systems has one previous CIN (Corporate Identification Number): U31908MH2011PTC221463. The current CIN is U31908KA2011PTC096579, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31908KA2011PTC096579 | Current |
| U31908MH2011PTC221463 | Previous |
Recent Activity on Finpower Aircon Systems Private Limited
Finpower Aircon Systems Private Limited has 4 board changes on record since 2011: 3 appointments and 1 cessation. The latest: Mangalore Kumud Kamath was appointed as Director on 01 Oct 2020.
Credit Ratings, Litigation & Regulatory Alerts for Finpower Aircon Systems 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.
Subsidiaries & Group Companies of Finpower Aircon Systems 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 Finpower Aircon Systems Private Limited
Finpower Aircon Systems has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCF8356J1Z6 | Karnataka | 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 Finpower Aircon Systems 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 Finpower Aircon Systems Private Limited
Finpower Aircon Systems is an active private limited company based in Karkala, Karnataka, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 30 August 2011 (15+ years old) and is registered under CIN U31908KA2011PTC096579.
Finpower Aircon Systems reported revenue of ₹11.93 Cr for FY 2024 (down 48% YoY).
Finpower Aircon Systems has 3 current directors:
- Mangalore Kumud Kamath - Director
- Dipthi Mangalpadi Shenoy - Director
- Mangalpadi Rajesh Shenoy - Director
Finpower Aircon Systems reported a net loss of ₹95.39 Lakh (net margin -8%) and EBITDA of -₹60.04 Lakh (EBITDA margin -5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Finpower Aircon Systems is 2% over three years and -5% over five years. In the latest year (FY 2024) revenue fell 48%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Finpower Aircon Systems is 29AABCF8356J1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of Finpower Aircon Systems is U31908KA2011PTC096579. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Finpower Aircon Systems has 1 court case on record: 1 filed against it.
Finpower Aircon Systems was incorporated on 30 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Bangalore.
Finpower Aircon Systems has 1 deal on record (1 rights issue); the latest was in July 2018.
The peers of Finpower Aircon Systems by revenue are Deconcord Hvac Systems and Solutions Private Limited, Apc Air Systems Private Limited, Roots Cooling Systems Private Limited, Nipb Industrial Brushes India Private Limited, Coimbatore Compressor Engineering Company Private Limited and 5 more, all in the Machinery and Equipment industry (Compressors).
Mangalore Kumud Kamath was appointed as Director on 01 Oct 2020. Mangalpadi Pundalika Shenoy ceased to be Director on 29 Sep 2020. Dipthi Mangalpadi Shenoy was appointed as Director on 30 Aug 2011. Finpower Aircon Systems has 4 board changes on record in total.