Heatex Products Private Limited
About Heatex Products Private Limited
Data last updated:
Heatex Products Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 17 September 1962 and has been in existence for over 64 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1962PTC012479.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹6.8 Lakh. It is led by directors including Rajkumar Bajranglal Ghuwalewala and Ravi Bajranglal Ghuwalewala.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹22.77 Lakh, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹10.95 Lakh (net margin 48.1%) and EBITDA of ₹20.04 Lakh (EBITDA margin 88%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹3.7 Lakh and satisfied charges of ₹13.01 Lakh on record. Court records list 5 cases involving the company, including 2 filed by the company and 3 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Heatex Products Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFloor 1 62 Laxmi House H Kataria Marg Matunga Road Railway Station (West) Mahi, M, Mumbai, Maharashtra, India – 400016
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Heatex Products Private Limited, 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
Financials of Heatex Products Private Limited
FY 2025 filings availableHeatex Products Private Limited reported revenue of ₹22.77 Lakh (up 3% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 3% growth in the latest year. EBITDA rose 4% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹22.77 Lakh | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹20.04 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.95 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
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 88% | ||||
| Net Profit Margin | 48.1% | ||||
| 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 Products Private Limited, buy the company report.
Board of directors of Heatex Products Private Limited
Heatex Products has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajkumar Bajranglal Ghuwalewala | Director | 11 Mar 1981 | 45 Years 8 Months | Current |
| Ravi Bajranglal Ghuwalewala | Director | 14 Aug 1980 | 46 Years 2 Months | Current |
| Anukul Ravi Ghuwalewala | Director | 04 Mar 2003 | 23 Years 8 Months | Current |
Auditor
Heatex Products Private Limited is audited by MOTILAL & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| MOTILAL & ASSOCIATES | FY 2020 | 106584W |
Shareholding
The shareholding of Heatex Products Private Limited is on record for 5 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Heatex Products Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jan 1985 | 90362770 | State Bank of India | ₹3.7 Lakh | Open | |
| 15 Jul 1994 | 90363686 | State Bank of India | ₹9.7 Lakh | Satisfied | |
| 31 Mar 1987 | 90363001 | Canara Bank | ₹75,750 | Satisfied | |
| 31 Aug 1984 | 90362714 | Canara Bank | ₹55,000 | Satisfied | |
| 26 Dec 1973 | 90361931 | Dena Bank | ₹2 Lakh | Satisfied |
To see the full charge records of Heatex Products Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Heatex Products Private Limited has 5 court cases on record: 2 filed by Heatex Products, 3 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 2 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Hindustan Aeronautics Ltd | Disposed |
| Bombay High Court | Tax appeal | Filed against the company by Commissioner of Income Tax-2 | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by State Bank of India | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by State Bank of India | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against Union of India and Ors | Disposed |
To see the full case history of Heatex Products Private Limited, buy the company report.
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
No delayed payments to MSME suppliers are on our record for Heatex Products Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Heatex Products Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Heatex Products Private Limited has 3 board changes on record since 1980: 3 appointments. The latest: Anukul Ravi Ghuwalewala was appointed as Director on 04 Mar 2003.
3 earlier events are in the company report.
Frequently asked questions
Heatex Products is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 17 September 1962 (64+ years old) and is registered under CIN U99999MH1962PTC012479.
Heatex Products has 3 current directors:
- Rajkumar Bajranglal Ghuwalewala - Director
- Ravi Bajranglal Ghuwalewala - Director
- Anukul Ravi Ghuwalewala - Director
The latest financial statements of Heatex Products 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 CIN (Corporate Identification Number) of Heatex Products is U99999MH1962PTC012479. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Heatex Products has 5 court cases on record: 2 filed by the company and 3 filed against it. Most are in the district courts.
Heatex Products was incorporated on 17 September 1962, making it 64+ years old. It is registered with the Registrar of Companies, Mumbai.
Anukul Ravi Ghuwalewala was appointed as Director on 04 Mar 2003. Rajkumar Bajranglal Ghuwalewala was appointed as Director on 11 Mar 1981. Ravi Bajranglal Ghuwalewala was appointed as Director on 14 Aug 1980.
The registered office of Heatex Products is at Floor 1 62 Laxmi House H Kataria Marg Matunga Road Railway Station West Mahi, M, Mumbai, Maharashtra, India – 400016.
Heatex Products operates in the financial services industry, in the diversified financial services segment.
Heatex Products has open charges of ₹3.7 Lakh and satisfied charges of ₹13.01 Lakh as per latest MCA filings.
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