About Heat Trace Xicon Ltd
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Heat Trace Xicon Ltd is a public limited company based in Mumbai, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 25 May 1989 and has been in existence for over 37 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U51900MH1989PLC051877. Its GSTIN is 27AAACH8046A1ZX (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹75 Lakh and a paid-up capital of ₹62.4 Lakh. It was formerly known as Heat Trace Xicon Private Limited. It is led by directors including Santosh Krishnappa Karkera (Whole-Time Director) and Sunil Sitaram Thite.
Its last annual general meeting (AGM) was held on 14 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Unit No. 282 2nd Floor Solaris F Wing Saki Vihar Road Andheri East, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2024, the company reported a revenue of ₹29.93 Lakh, a growth of 14% compared to the previous year. For the same year it recorded a net loss of ₹13.12 Lakh (net margin -43.8%) and EBITDA of -₹17.04 Lakh (EBITDA margin -56.9%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years and 19% over five years.
As per MCA filings, the company has open charges of ₹4.41 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website xiconinternational.com.
Company details
Contact details
Heat Trace Xicon Ltd's registered office is in Mumbai, Maharashtra. Its website is xiconinternational.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressUnit No. 282 2nd Floor Solaris F Wing Saki Vihar Road Andheri East, Mumbai, Maharashtra, India – 400072
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Heat Trace Xicon Ltd, buy the company report.
- 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
Business activity
The main business activity of Heat Trace Xicon 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 Heat Trace Xicon Ltd, buy the company report.
Financials of Heat Trace Xicon Ltd
FY 2024 filings availableHeat Trace Xicon Ltd reported revenue of ₹29.93 Lakh (up 14% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 14% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 19%. EBITDA rose 37% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹17.04 Lakh | ||||
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| Net Profit (PAT) | -₹13.12 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | -56.9% | ||||
| Net Profit Margin | -43.8% | ||||
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To see the full financial statements and ratios of Heat Trace Xicon Ltd, buy the company report.
Board of directors of Heat Trace Xicon Ltd
Heat Trace Xicon has 3 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sunil Sitaram Thite Also directs: Xicon International Limited | Director | 30 May 2023 | 3 Years 4 Months | Current |
| Santosh Krishnappa Karkera | Whole-Time Director | 20 Feb 2017 | 9 Years 8 Months | Current |
| Rajesh Waman Bhondiwale | Director | 20 Feb 2017 | 9 Years 8 Months | Current |
Auditor
Heat Trace Xicon Ltd is audited by SHABBIR & RITA ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHABBIR & RITA ASSOCIATES LLP | FY 2023 | 109420W |
Shareholding
The shareholding of Heat Trace Xicon Ltd is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Heat Trace Xicon Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Oct 2006 | 10294759 | Punjab National Bank | ₹1.45 Cr | Open | |
| 29 Oct 1991 | 90228464 | Bank of Baroda | ₹90 Lakh | Open | |
| 05 Jun 1991 | 90228415 | Economic Development Corporation of Goa | ₹66 Lakh | Open | |
| 21 Sep 1989 | 90228221 | Bank of Credit and Commerce International Ltd | ₹1.4 Cr | Open |
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Heat Trace Xicon Ltd are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Heat Trace Xicon Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Heat Trace Xicon has 4 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
GST
Heat Trace Xicon has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACH8046A1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Heat Trace Xicon Ltd, buy the company report.
Recent activity
Heat Trace Xicon Ltd has 10 board changes on record since 2009: 3 appointments and 7 cessations. The latest: Sunil Sitaram Thite ceased to be Additional Director on 10 Sep 2023.
5 earlier events are in the company report.
Frequently asked questions
Heat Trace Xicon is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 25 May 1989 (37+ years old) and is registered under CIN U51900MH1989PLC051877.
Heat Trace Xicon has 3 current directors:
- Santosh Krishnappa Karkera - Whole-Time Director
- Sunil Sitaram Thite - Director
- Rajesh Waman Bhondiwale - Director
The latest financial statements of Heat Trace Xicon on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 14 August 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Heat Trace Xicon is 27AAACH8046A1ZX, registered in Maharashtra. 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 Heat Trace Xicon is U51900MH1989PLC051877. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Heat Trace Xicon was incorporated on 25 May 1989, making it 37+ years old. It is registered with the Registrar of Companies, Mumbai.
Sunil Sitaram Thite ceased to be Additional Director on 10 Sep 2023. Sunil Sitaram Thite was appointed as Director on 30 May 2023. Mukund Gopalan Veravali ceased to be Additional Director on 26 Sep 2017. Heat Trace Xicon has 10 board changes on record in total.
Heat Trace Xicon can be reached through the website xiconinternational.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Heat Trace Xicon is at Unit No. 282 2nd Floor Solaris F Wing Saki Vihar Road Andheri East, Mumbai, Maharashtra, India – 400072.
Heat Trace Xicon operates in the machinery and equipment industry, in the industrial machinery manufacturing segment.