Heatex Industries Limited

Heatex Industries Limited - machinery and equipment in Surat, Gujarat, India. FY 2026 financials & compliance.
CIN U29261GJ2008PLC053236 Incorporated 13 March 2008 ROC Ahmedabad HQ Surat, Gujarat, India
Active Public Limited Company machinery and equipment MSME
Data last updated
Revenue · FY 2025
₹106.64 Cr
▼ 13% YoY
Net profit · FY 2025
₹5.1 Cr
Net margin 4.8%
EBITDA · FY 2025
₹9.84 Cr
EBITDA margin 9.2%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹71.68 Lakh
Issued & subscribed
Open charges
₹50.09 Cr
Satisfied ₹3.88 Cr
Company age
18 yrs
Est. 2008
Employees · EPFO
483
Provident fund records

About Heatex Industries Limited

Data last updated:

Heatex Industries Limited is a public limited company based in Surat, Gujarat, India. It operates in the heavy engineering and manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 13 March 2008 and has been in existence for over 18 years.

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29261GJ2008PLC053236. Its GSTIN is 24AACCH0280L1ZQ (Gujarat).

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹71.68 Lakh. It is led by directors including Kiran Sumantrai Patel (Managing Director) and Arpit Mohanbhai Patel (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 Surat, Gujarat.

As per the financials filed for FY 2025, the company reported a revenue of ₹106.64 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹5.1 Cr (net margin 4.8%) and EBITDA of ₹9.84 Cr (EBITDA margin 9.2%). Revenue has grown at a compounded annual rate (CAGR) of 24% over three years and 15% over five years.

The company has about 483 employees on its provident fund (EPFO) records.

As per MCA filings, the company has open charges of ₹50.09 Cr and satisfied charges of ₹3.88 Cr on record. Court records list 17 cases involving the company, including 11 filed by the company and 6 filed against it; 2 cases are pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.25 Cr; the latest was in November 2018. Its 3 peer companies in the Machinery and Equipment industry (Heavy Engineering), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 1 smaller; the largest is Optech Engineering Private Limited with revenue of ₹114.91 Cr.

Heatex Industries Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0013017). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website heatexindustries.com.

Company details

CIN U29261GJ2008PLC053236
Registration Number 053236
Incorporation Date 13 March 2008
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 MSME
Udyam Registration UDYAM-GJ-22-0013017
Key People
Kiran Sumantrai Patel Managing Director Arpit Mohanbhai Patel Whole-Time Director Mallikaben Mohanbhai Patel Director

Recognitions & Rankings of Heatex Industries

MSME (Udyam registered) Ministry of MSME
Udyam number
UDYAM-GJ-22-0013017

Contact details

Heatex Industries Limited's registered office is in Surat, Gujarat. Its website is heatexindustries.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    heatexindustries.com
  • Social Media
  • Registered Address
    Block/Revenue Survey No. 436 437 445 448 To 450 Near Palsana Chokdi National Highway No, . 8 Palsan, Surat, Gujarat, India – 394315
  • Industry
    Machinery and Equipment, Heavy Engineering & Manufacturing

To see the full contact details of Heatex Industries Limited, buy the company report.

Comprehensive company report
Heatex Industries Limited - 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 Heatex Industries is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment

To see the full business activity and turnover split of Heatex Industries Limited, buy the company report.

Financials of Heatex Industries Limited

FY 2025 filings available

Heatex Industries Limited reported revenue of ₹106.64 Cr (down 13% YoY) for FY 2025.

Revenue · FY 2025
₹106.64 Cr ▼ 13%
Net profit · FY 2025
₹5.1 Cr margin 4.8%
EBITDA · FY 2025
₹9.84 Cr margin 9.2%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 24%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 38%
5 years · compounded
▲ 25%

Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 15%. EBITDA fell 3% 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profit and Loss Statement
Revenue from Operations
Other Income
Total Revenue₹106.64 Cr
Cost of Materials Consumed
Employee Benefit Expense
Finance Costs
Depreciation and Amortisation
Other Expenses
Total Expenses
EBITDA₹9.84 Cr
Profit Before Tax
Tax Expense
Net Profit (PAT)₹5.1 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin9.2%
Net Profit Margin4.8%
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

To see the full financial statements and ratios of Heatex Industries Limited, buy the company report.

Board of directors of Heatex Industries Limited

Heatex Industries has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Kiran Sumantrai Patel
Also directs: Anjani Machines Private Limited
Managing Director13 Mar 200818 Years 7 MonthsCurrent
Arpit Mohanbhai Patel
Also directs: Anjani Machines Private Limited, Funke Heatex Engineering India Private Limited
Whole-Time Director13 Mar 200818 Years 7 MonthsCurrent
Mallikaben Mohanbhai Patel
Also directs: Anjani Machines Private Limited, Heatex Engineering Company Private Limited
Director01 Dec 20187 Years 11 MonthsCurrent
Arpan Mohanbhai Patel
Also directs: Max Green Innovations LLP, Funke Heatex Engineering India Private Limited, Poojaheatex Engineering Private Limited and 1 more
Director01 Aug 20197 Years 3 MonthsCurrent
Kishorbhai Babubhai Patel
Also directs: Next Era Manufacturing Private Limited, Sachin Area Welfare Association
Director16 Jun 20260 Years 4 MonthsCurrent
Rajani Kant GuptaDirector16 Jun 20260 Years 4 MonthsCurrent
View all directors

Peer comparison

Heatex Industries Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Heavy Engineering), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Optech Engineering Private Limited₹114.91 Cr (FY 2025)-25.0%Thane, Maharashtra, India
Aichelin Unitherm Heat Treatment Systems India Private Limited₹107.18 Cr (FY 2025)5.0%Pune, Maharashtra, India
Heatex Industries Limitedthis company₹106.64 Cr (FY 2025)₹5.1 Cr4.8%-13.0%483Surat, Gujarat, India
T N S Heavy Engineering Private Limited₹82.12 Cr (FY 2025)1.0%Chennai, Tamil Nadu, India

To see the full peer comparison of Heatex Industries Limited, buy the company report.

Auditor

Heatex Industries Limited is audited by BIRJU S SHAH & ASSOCIATES for the financial year 2023.

Auditor firmFinancial yearFirm registration number
BIRJU S SHAH & ASSOCIATESFY 2023131554W

Shareholding

The shareholding of Heatex Industries Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.

Shareholder categoryFY 2023FY 2021FY 2020FY 2019FY 2018
Promoters
Domestic institutional investors (DII)
Foreign institutional investors (FII)
Public
Others

To see the full shareholding pattern of Heatex Industries Limited, buy the company report.

Charges & borrowings

Open charges
₹50.09 Cr
Satisfied charges
₹3.88 Cr
Breakdown by lending institutions
Hdfc Bank Limited₹50.09 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
14 Jul 2026101336892Hdfc Bank Limited₹8 LakhOpen
29 Aug 2025101144802Hdfc Bank Limited₹10 LakhOpen
04 Aug 2025101134168Hdfc Bank Limited₹13 LakhOpen
31 Aug 2024100973620Hdfc Bank Limited₹8 LakhOpen
13 May 2024100922315Hdfc Bank Limited₹10 LakhOpen

To see the full charge records of Heatex Industries Limited, buy the company report.

Total charge records: 18 View all charges

Deals & funding

Heatex Industries Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.25 Cr; the latest was in November 2018.

Total deals
3
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹1.25 Cr

Deals on record (3 of 3)

WhenDealAmountParties
Nov 2018Secondary share transferUndisclosedBuyer: an individual
Seller: an individual
Apr 2014Funding round₹70.4 LakhInvestors: 4 individuals
Jun 2009Funding round₹54.5 LakhInvestors: 4 individuals

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Heatex Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Employees & EPFO

Heatex Industries Limited has a workforce of 483 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.

Employee count
483
Active EPFO establishments
1
Employee growth
67.13%

GST

Heatex Industries has 1 GST registration: 1 active.

Total GSTINs
1
Active
1
GSTINStateStatusRegistered on
24AACCH0280L1ZQGujaratActive01 Jul 2017

To see the full GST registrations and return filing status of Heatex Industries Limited, buy the company report.

Recent activity

Heatex Industries Limited has 10 board changes on record since 2008: 6 appointments and 4 cessations. The latest: Kishorbhai Babubhai Patel was appointed as Director on 16 Jun 2026.

Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.08 Cr with Charge ID 101336892 was registered on 14 Jul 2026.
Appointed
Kishorbhai Babubhai Patel was appointed as Director.
Appointed
Rajani Kant Gupta was appointed as Director.
Charges
A charge registered on 14 Oct 2022 via Charge ID 100629419 with Hdfc Bank Limited was fully satisfied on 10 Mar 2026.
AGM
Heatex Industries Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.10 Cr with Charge ID 101144802 was registered on 29 Aug 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.13 Cr with Charge ID 101134168 was registered on 04 Aug 2025.
Charges
A charge registered on 09 May 2022 via Charge ID 100578490 with Hdfc Bank Limited was fully satisfied on 07 May 2025.
Filing
Heatex Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 11 Jan 2022 via Charge ID 100531496 with Hdfc Bank Limited was fully satisfied on 06 Feb 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.08 Cr with Charge ID 100973620 was registered on 31 Aug 2024.
Charges
A charge with Hdfc Bank Limited of Rs. 49.00 Cr registered on 13 Aug 2018 with Charge ID 100198108 was modified on 25 Jun 2024.

27 earlier events are in the company report.

Frequently asked questions

Heatex Industries is an active public limited company based in Surat, Gujarat, India. The company works in heavy engineering and manufacturing, within the machinery and equipment industry. It was incorporated on 13 March 2008 (18+ years old) and is registered under CIN U29261GJ2008PLC053236.

Heatex Industries has 6 current directors:

The latest financial statements of Heatex Industries 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 Heatex Industries is 24AACCH0280L1ZQ, registered in Gujarat.

The CIN (Corporate Identification Number) of Heatex Industries is U29261GJ2008PLC053236. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Heatex Industries has 17 court cases on record: 11 filed by the company and 6 filed against it. 2 are pending. Most are in the district courts.

Heatex Industries was incorporated on 13 March 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Heatex Industries has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹1.25 Cr; the latest was in November 2018.

The peers of Heatex Industries by revenue are Optech Engineering Private Limited, Aichelin Unitherm Heat Treatment Systems India Private Limited, T N S Heavy Engineering Private Limited, all in the Machinery and Equipment industry (Heavy Engineering), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).

Kishorbhai Babubhai Patel was appointed as Director on 16 Jun 2026. Rajani Kant Gupta was appointed as Director on 16 Jun 2026. Arpan Mohanbhai Patel was appointed as Director on 01 Aug 2019. Heatex Industries has 10 board changes on record in total.

Yes, Heatex Industries is registered as an MSME under Udyam registration (number: UDYAM-GJ-22-0013017).