About Havi Engineering India Private Limited
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Havi Engineering India Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the industrial control valves and systems segment of the machinery and industrial equipment sector. It was incorporated on 19 November 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51909MH2007PTC175999. Its GSTIN is 27AACCV5897M1ZF (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹1.66 Cr. It was formerly known as Vipal Enterprises Pvt Ltd and Vipal Enterprises Private Limited. It is led by directors including Akash Vipul Dalal and Vipul Navin Panchal.
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 Thane, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹39.5 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net loss of ₹1.29 Cr (net margin -3.3%) and EBITDA of ₹2.01 Cr (EBITDA margin 5.1%). Revenue has grown at a compounded annual rate (CAGR) of 25% over three years and 10% over five years.
The company has about 110 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹5.16 Cr and satisfied charges of ₹21.58 Cr on record. The company has 11 deals on record (8 funding rounds, 3 secondary share transfers), with disclosed funding of ₹1.99 Cr; the latest was in September 2022. Its 10 peer companies in the Machinery and Equipment industry (Control Valves) are compared by revenue, 5 larger and 5 smaller; the largest is Dopag India Private Limited with revenue of ₹42.27 Cr. The company has 3 MSME Form 1 returns on record between 2018 and 2019, listing 252 overdue payments to 22 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 havi.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address6th Floor Unit No. 616 Lodha Supremus, B – Wing Oppo. Lodha Sterling, Thane, Maharashtra, India – 400607
- IndustryMachinery and Equipment, Industrial Control Valves & 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 Havi Engineering India Private Limited
The main business activity of Havi Engineering India is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | 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 Havi Engineering India Private Limited FY 2024 filings available
Havi Engineering India Private Limited reported revenue of ₹39.5 Cr (down 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Havi Engineering India Private Limited
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA rose 31% 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 Havi Engineering India 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 | ₹2.01 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.29 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 Havi Engineering India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -3.3% | •••• | •••• | •••• | •••• |
| 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 Havi Engineering 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 Havi Engineering India Private Limited
Havi Engineering India Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Control Valves). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Dopag India Private Limited | ₹42.27 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | Bangalore, Karnataka, India |
| Vag Valves (India) Private Limited | ₹42.14 Cr (FY 2025) | •••• | •••• | -14.0% | •••• | Medak, Telangana, India |
| Delta Valves Private Limited | ₹41.47 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Vadodara, Gujarat, India |
| Servocontrols and Hydraulics (India) Private Limited | ₹40.81 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Belgaum, Karnataka, India |
| Comfit & Valves Private Limited | ₹39.94 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Mehsana, Gujarat, India |
| Havi Engineering India Private Limited this company | ₹39.5 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Thane, Maharashtra, India |
| Tecnik Valves Private Limited | ₹38.88 Cr (FY 2025) | •••• | •••• | 9.0% | •••• | Palghar, Maharashtra, India |
| Cast Craft Private Limited | ₹38.7 Cr (FY 2024) | •••• | •••• | 60.0% | •••• | Bangalore, Karnataka, India |
| HTC Valves Private Limited | ₹38.57 Cr (FY 2025) | •••• | •••• | -41.0% | •••• | Vadodara, Gujarat, India |
| Avr Valves Private Limited | ₹38.45 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Metoda, Gujarat, India |
| Orient Components Private Limited | ₹37.23 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Havi Engineering India by revenue in the Machinery and Equipment industry (Control Valves), 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 Havi Engineering India Private Limited
Havi Engineering India Private Limited is audited by C P CHECHANI & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| C P CHECHANI & 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 Havi Engineering India Private Limited
Havi Engineering India has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akash Vipul Dalal | Director | 19 Jan 2022 | 4 Years 8 Months | Current |
| Vipul Navin Panchal | Director | 19 Apr 2022 | 4 Years 5 Months | Current |
| Vipul Ishwarlal Panchal | Director | 19 Nov 2007 | 18 Years 10 Months | Current |
| Vipul Shirish Dalal Also directs: Akruvi Retail Private Limited | Director | 19 Nov 2007 | 18 Years 10 Months | Current |
Ownership and Shareholding of Havi Engineering India 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 Havi Engineering India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 10 Sep 2025 | Others | ₹45.84 Lakh | Open |
| 20 Aug 2024 | Others | ₹19.6 Lakh | Open |
| 20 Jun 2024 | Others | ₹10.69 Lakh | Open |
| 14 Mar 2024 | Others | ₹11.47 Lakh | Open |
| 01 Dec 2023 | Hdfc Bank Limited | ₹25.66 Lakh | Open |
Total charge records: 29 View all charges
Deals & Funding of Havi Engineering India Private Limited
Havi Engineering India Private Limited has 11 deals on record (8 funding rounds, 3 secondary share transfers), with disclosed funding of ₹1.99 Cr; the latest was in September 2022.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Sep 2022 | Funding round | ₹1.22 Cr | Investors: an individual |
| Feb 2018 | Funding round | ₹15 Lakh | Investors: Akash Dalal Huf, Vipul Dalal Huf, Vipul Panchal Huf |
| Mar 2017 | Funding round | ₹16.4 Lakh | Investors: 4 individuals |
| Mar 2017 | Funding round | ₹8.4 Lakh | Investors: 3 individuals |
| Jul 2014 | Funding round | ₹7.5 Lakh | Investors: 3 individuals |
Full deal history
All 11 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.
MSME Payment Delays by Havi Engineering India Private Limited
Havi Engineering India Private Limited has 3 MSME Form 1 returns on record between 2018 and 2019, listing 252 overdue payments to 22 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 22)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Kumars Forge & Valves Private Limited | •••• | •••• | •••• |
| Grover Forgings | •••• | •••• | •••• |
| Gem Enterprises | •••• | •••• | •••• |
| Shah Trading Co. | •••• | •••• | •••• |
| Plasma Nitration Technologies Private Limited | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 3 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 Havi Engineering India Private Limited
Havi Engineering India Private Limited has a workforce of 110 employees as of Apr 05, 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 Havi Engineering India Private Limited
Havi Engineering India has undergone 4 name changes throughout its history. The current legal name is Havi Engineering India Private Limited.
| Company Name | Status |
|---|---|
| Havi Engineering India Private Limited | Current |
| Vipal Enterprises Pvt Ltd | Previous |
| Vipal Enterprises Private Limited | Previous |
| Vipal Enterprises Pvt Ltdvipal Enterprises Pvt Ltd | Previous |
| Havi India Private Limited | Previous |
Recent Activity on Havi Engineering India Private Limited
Havi Engineering India Private Limited has 7 board changes on record since 2007: 4 appointments and 3 cessations. The latest: Vipul Navin Panchal ceased to be Additional Director on 30 Sep 2022.
48 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Havi Engineering India 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 Havi Engineering India 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 Havi Engineering India Private Limited
Havi Engineering India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCV5897M1ZF | Maharashtra | 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 Havi Engineering India 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 Havi Engineering India Private Limited
Havi Engineering India is an active private limited company based in Thane, Maharashtra, India. The company works in industrial control valves and systems, within the machinery and equipment industry. It was incorporated on 19 November 2007 (19+ years old) and is registered under CIN U51909MH2007PTC175999.
Havi Engineering India reported revenue of ₹39.5 Cr for FY 2024 (down 3% YoY).
Havi Engineering India has 4 current directors:
- Akash Vipul Dalal - Director
- Vipul Navin Panchal - Director
- Vipul Ishwarlal Panchal - Director
- Vipul Shirish Dalal - Director
Havi Engineering India reported a net loss of ₹1.29 Cr (net margin -3.3%) and EBITDA of ₹2.01 Cr (EBITDA margin 5.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Havi Engineering India is 25% over three years and 10% over five years. In the latest year (FY 2024) revenue fell 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Havi Engineering India is 27AACCV5897M1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Havi Engineering India is U51909MH2007PTC175999. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Havi Engineering India was incorporated on 19 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Havi Engineering India has 11 deals on record (8 funding rounds, 3 secondary share transfers), with disclosed funding of ₹1.99 Cr; the latest was in September 2022.
The peers of Havi Engineering India by revenue are Dopag India Private Limited, Vag Valves (India) Private Limited, Delta Valves Private Limited, Servocontrols and Hydraulics (India) Private Limited, Comfit & Valves Private Limited and 5 more, all in the Machinery and Equipment industry (Control Valves).
Vipul Navin Panchal ceased to be Additional Director on 30 Sep 2022. Vipul Navin Panchal was appointed as Director on 19 Apr 2022. Akash Vipul Dalal was appointed as Director on 19 Jan 2022. Havi Engineering India has 7 board changes on record in total.
Havi Engineering India has 3 MSME Form 1 returns on record between 2018 and 2019, listing 252 overdue payments to 22 micro and small suppliers. The latest return was filed on 08 Jun 2019.