Heat Trace Xicon Ltd - Company Profile

It is a machinery and equipment public limited company based in Mumbai, Maharashtra, India, established in 1989.
1989 Mumbai, Maharashtra, India Active
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About Heat Trace Xicon Ltd

Heat Trace Xicon Ltd, a active public limited company, was established on 25 May 1989 in Mumbai, Maharashtra, India. Engaging in industrial machinery manufacturing within the manufacturing sector, it holds CIN: U51900MH1989PLC051877. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹7.50 M and a paid-up capital of ₹6.24 M.

Formerly known as Heat Trace Xicon Private Limited. It upholds a compliant status. Its leadership includes Sunil Sitaram Thite (Director), Santosh Krishnappa Karkera (Whole-Time Director), Rajesh Waman Bhondiwale (Director). Past directors included Sunil Sitaram Thite, Stephen Bonner, Percy Faramroze Lakadia. It holds ₹4.41 Cr open charges and no settled loans. Its latest AGM occurred on 14 August 2024, with the balance sheet filed on 31 March 2024. It is based at Unit No. 282, 2Nd Floor, Solaris, F Wing, Saki Vihar Road, Andheri East, Mumbai, Maharashtra, 400072.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
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  • Social Media
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  • Apps
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Company Details

  • CIN/LLPIN

    U51900MH1989PLC051877

  • Registration Number

    051877

  • Incorporation Date

    25 May 1989

  • Authorized Capital

    ₹7.50 M

  • Paid-Up Capital

    ₹6.24 M

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 7.50 M
  • Paid Up Capital ₹ 6.24 M
  • Company Age 36 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 4.41 Cr
  • Revenue Growth **** -47.26%
  • Profit Growth **** -90.82%
  • Ebitda **** -1017.35%
  • Net Worth -36.45%
  • Total Assets -18.65%
Company report

Heat Trace Xicon Ltd

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Heat Trace Xicon Ltd — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Heat Trace Xicon Ltd?
Current Directors
Name Designation Appointment Date Status
Sunil Sitaram Thite Director 30 May 2023 Current
Santosh Krishnappa Karkera Whole-Time Director 20 Feb 2017 Current
Rajesh Waman Bhondiwale Director 20 Feb 2017 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Additional Director 10 Sep 2023 Past
Pramod Abcsdd Director 16 Mar 2017 Past
Pramod Abcsdd Director 01 Jul 2009 Past
Pramod Abcsdd Additional Director 26 Sep 2017 Past
Pramod Abcsdd Additional Director 26 Sep 2017 Past
Pramod Abcsdd Director 20 Feb 2017 Past

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Financial Performance of Heat Trace Xicon.

Heat Trace Xicon Ltd, for the financial year ended 2023, experienced significant reduction in revenue, with a 47.26% decrease. The company also saw a substantial fall in profitability, with a 90.82% decrease in profit. The company's net worth observed a substantial decline by a decrease of 36.45%.

Heat Trace Xicon revenue growth over time
Heat Trace Xicon profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -47.26%
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Revenue from Operations
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 -47.68%
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Total Assets
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 -18.65%
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Profit or Loss
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 -90.82%
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*******
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Net Worth
*******
 -36.45%
*******
*******
*******
*******
EBITDA
*******
 -1017.35%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Heat Trace Xicon?

In 2023, Heat Trace Xicon had a public holding of 100.00%. The company had 4 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹44,100,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Punjab National Bank : 1.45 Cr
  • Bank Of Credit And Commerce International Ltd : 1.40 Cr
  • Bank Of Baroda : 0.90 Cr
  • Economic Development Corporation Of Goa : 0.66 Cr
Latest Charge Details
Date Lender Amount Status
14 Oct 2006 Punjab National Bank ₹1.45 Cr Open
29 Oct 1991 Bank Of Baroda ₹9.00 M Open
05 Jun 1991 Economic Development Corporation Of Goa ₹6.60 M Open
21 Sep 1989 Bank Of Credit And Commerce International Ltd ₹1.40 Cr Open

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How Many Employees Work at Heat Trace Xicon?

Unlock and access historical data on people associated with Heat Trace Xicon, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Heat Trace Xicon, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Heat Trace Xicon's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Heat Trace Xicon
Recent Activity within the Organization
  • Annual General Meeting

    Heat Trace Xicon Ltd last Annual general meeting of members was held on 14 Aug 2024 as per latest MCA records. was recorded as a recent event.

  • Balance Sheet

    Heat Trace Xicon Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai. was recorded as a recent event.

  • Director Appointment

    Progress on Sunil Sitaram Thite was appointed as a Director was appointed as a Director on 30 May 2023 & has been associated with this company since 2 years 9 months . was documented.

  • Director Appointment

    The activity Santosh Krishnappa Karkera was appointed as a Whole-time director was appointed as a Whole-time director on 20 Feb 2017 & has been associated with this company since 9 years 9 days . was completed.

  • Director Appointment

    Progress on Rajesh Waman Bhondiwale was appointed as a Director was appointed as a Director on 20 Feb 2017 & has been associated with this company since 9 years 9 days . was documented.

  • Charges

    The activity A charge with Punjab National Bank amounted to Rs. 14.50 M with Charge ID 10294759 was registered on 14 Oct 2006. was completed.

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Frequently Asked Questions
What is the CIN of Heat Trace Xicon Ltd?

The CIN of Heat Trace Xicon Ltd is U51900MH1989PLC051877.

Where is Heat Trace Xicon Ltd headquartered?

Heat Trace Xicon Ltd is headquartered at Unit No. 282, 2Nd Floor, Solaris, F Wing, Saki Vihar Road, Andheri East, Mumbai, Maharashtra, 400072.

When was Heat Trace Xicon Ltd incorporated?

Heat Trace Xicon Ltd was incorporated on 25 May 1989.

Who are the current directors of Heat Trace Xicon Ltd?

The current directors of Heat Trace Xicon Ltd are

What is the primary industry of Heat Trace Xicon Ltd?

The primary industry of Heat Trace Xicon Ltd is Manufacturing.

Is Heat Trace Xicon Ltd a listed company?

Heat Trace Xicon Ltd is unlisted.

What is the capital structure of Heat Trace Xicon Ltd?

The authorized capital of Heat Trace Xicon Ltd is ₹7.50 M, and the paid-up capital is ₹6.24 M.

What is the compliance status of Heat Trace Xicon Ltd?

The compliance status of Heat Trace Xicon Ltd is Compliant.

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