About HTL Aircon Private Limited
Data last updated:
HTL Aircon Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial maintenance and repair services segment of the engineering sector. It was incorporated on 31 August 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29306MH2007PTC173671. Its GSTIN is 27AABCH9057L1Z4 (Maharashtra). The company holds 11 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹1.25 Cr and a paid-up capital of ₹5 Lakh. It is led by directors including Lavinder Singh Didarsingh Duggal (Managing Director) and Tarunjeetkaur Lavinder Duggal.
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 Unit No. 38 Nand Ghanshyam Industrial Estate Off Mahakali Caves Road Andheri (East), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2024, the company reported a revenue of ₹202.68 Cr, a growth of 51% compared to the previous year. For the same year it recorded a net profit of ₹10.07 Cr (net margin 5%) and EBITDA of ₹17.67 Cr (EBITDA margin 8.7%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 10% over five years.
The company has about 956 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: HTL Aircon. As per MCA filings, the company has open charges of ₹182.72 Cr and satisfied charges of ₹38.78 Cr on record. Court records list 18 cases involving the company, including 9 filed by the company and 9 filed against it; 7 cases are pending. The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹10 Lakh; the latest was in November 2009. Its 10 peer companies in the Consumer Durables industry (Electronic Appliances Retail and Distribution) are compared by revenue, 5 larger and 5 smaller; the largest is Inverted Energy Private Limited with revenue of ₹205.73 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website htlaircon.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressUnit No. 38 Nand Ghanshyam Industrial Estate Off Mahakali Caves Road Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryEngineering, Industrial Maintenance & Repair Services
- 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 HTL Aircon Private Limited
The business activities of HTL Aircon are registered with the MCA. The activity codes are listed below.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Locked | D3 | Locked | 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 HTL Aircon Private Limited FY 2024 filings available
HTL Aircon Private Limited reported revenue of ₹202.68 Cr (up 51% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of HTL Aircon Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 51% growth in the latest year. EBITDA rose 48% 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 HTL Aircon 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 | ₹17.67 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.07 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 HTL Aircon Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5% | •••• | •••• | •••• | •••• |
| 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 HTL Aircon 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 HTL Aircon Private Limited
HTL Aircon Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Inverted Energy Private Limited | ₹205.73 Cr (FY 2025) | •••• | •••• | 6.0% | •••• | New Delhi, Delhi, India |
| Ample Retail Private Limited | ₹204.82 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Bengaluru, Karnataka, India |
| Strata Solar Private Limited | ₹203.95 Cr (FY 2025) | •••• | •••• | 30.0% | •••• | Chennai, Tamil Nadu, India |
| Uni One India Private Limited | ₹203.65 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Ahmedabad, Gujarat, India |
| Ultinon Motion India Private Limited | ₹203.1 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Gurgaon, Haryana, India |
| HTL Aircon Private Limited this company | ₹202.68 Cr (FY 2024) | •••• | •••• | 51.0% | •••• | Mumbai, Maharashtra, India |
| Shree Samarth Wind Park Private Limited | ₹201.28 Cr (FY 2025) | •••• | •••• | 1626.0% | •••• | Kalavad, Gujarat, India |
| Sloyd Ventures Private Limited | ₹201.04 Cr (FY 2024) | •••• | •••• | 38.0% | •••• | Hyderabad, Telangana, India |
| Parcom Global Private Limited | ₹200.59 Cr (FY 2025) | •••• | •••• | •••• | Nagpur, Maharashtra, India | |
| Tekcare India Private Limited | ₹199.84 Cr (FY 2017) | •••• | •••• | -20.0% | •••• | Mumbai, Maharashtra, India |
| Lahoty Brothers Private Limited | ₹199.37 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below HTL Aircon by revenue in the Consumer Durables industry (Electronic Appliances Retail and Distribution), 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 HTL Aircon Private Limited
HTL Aircon Private Limited is audited by Mantri And Aggarwal for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Mantri And Aggarwal | 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 HTL Aircon Private Limited
HTL Aircon 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 |
|---|---|---|---|---|
| Tarunjeetkaur Lavinder Duggal Also directs: HTL Aircon Services Private Limited, Delta Aircon Services Private Limited, Delta Aircon Private Limited and 1 more | Director | 15 Jun 2010 | 16 Years 3 Months | Current |
| Lavinder Singh Didarsingh Duggal Also directs: HTL Aircon Services Private Limited, Delta Aircon Services Private Limited, Refrigreen Gases Private Limited and 3 more | Managing Director | 31 Aug 2007 | 19 Years 1 Months | Current |
| Ashok Vaman Nayak Also directs: HTL Aircon Services Private Limited | Director | 31 Aug 2007 | 19 Years 1 Months | Current |
| Vishal Jadhav | Director | 01 Apr 2016 | 10 Years 6 Months | Current |
Ownership and Shareholding of HTL Aircon 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 HTL Aircon Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Aug 2025 | Standard Chartered Bank | ₹30 Cr | Open |
| 19 Aug 2025 | Others | ₹2.5 Cr | Open |
| 04 Jul 2025 | Others | ₹58 Lakh | Open |
| 04 Jul 2025 | Others | ₹47 Lakh | Open |
| 16 Jan 2024 | Others | ₹40 Cr | Open |
Total charge records: 21 View all charges
Deals & Funding of HTL Aircon Private Limited
HTL Aircon Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹10 Lakh; the latest was in November 2009.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Vargo Mercantile Private Limited |
| Mar 2009 | Funding round | ₹10 Lakh | Investors: Vargo Mercantile Private Limited |
Full deal history
All 2 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.
Legal Cases of HTL Aircon Private Limited
HTL Aircon Private Limited has 18 court cases on record: 9 filed by HTL Aircon, 9 filed against it. 7 cases are pending and 11 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 15 | 8 | 4 |
| High courts | 3 | 1 | 3 |
Cases on record (5 of 18)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln.PGA) | Filed against the company by an individual | Pending |
| High Court of Rajasthan | Court case (RSTAY) | Filed by the company against State of Rajasthan | Pending |
| High Court of Rajasthan | Criminal miscellaneous application | Filed by the company against State of Rajasthan | Pending |
| High Court of Delhi | Court case (RFA(COMM)) | Filed against the company by Curatenie Techno Solutions India Pvt Ltd | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against an individual | Pending |
Full case history
All 18 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with HTL Aircon Private Limited
HTL Aircon operates one associated brand: HTL Aircon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides design, engineering, and servicing of HVAC and MEP solutions for industrial clients. | htlaircon.com |
Employees and EPFO Compliance at HTL Aircon Private Limited
HTL Aircon Private Limited has a workforce of 956 employees as of Feb 24, 2025.
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.
News related to HTL Aircon Private Limited
Recent Activity on HTL Aircon Private Limited
HTL Aircon Private Limited has 7 board changes on record since 2007: 4 appointments and 3 cessations. The latest: Satyaprakash Kukreti ceased to be Director on 17 Jan 2020.
31 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for HTL Aircon 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.
MSME Payment Delays by HTL Aircon Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of HTL Aircon 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 HTL Aircon Private Limited
HTL Aircon has 11 GST registrations: 10 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCH9057L1Z4 | Maharashtra | Active | 01 Jul 2017 |
| 07AABCH9057L1Z6 | Delhi | Active | 01 Jul 2017 |
| 09AABCH9057L1Z2 | Uttar Pradesh | Active | 01 Jul 2017 |
| 29AABCH9057L1Z0 | Karnataka | 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 HTL Aircon 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 HTL Aircon Private Limited
HTL Aircon is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial maintenance and repair services, within the engineering industry. It was incorporated on 31 August 2007 (19+ years old) and is registered under CIN U29306MH2007PTC173671.
HTL Aircon reported revenue of ₹202.68 Cr for FY 2024 (up 51% YoY).
HTL Aircon has 4 current directors:
- Lavinder Singh Didarsingh Duggal - Managing Director
- Tarunjeetkaur Lavinder Duggal - Director
- Ashok Vaman Nayak - Director
- Vishal Jadhav - Director
HTL Aircon reported a net profit of ₹10.07 Cr (net margin 5%) and EBITDA of ₹17.67 Cr (EBITDA margin 8.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of HTL Aircon is 19% over three years and 10% over five years. In the latest year (FY 2024) revenue rose 51%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of HTL Aircon is 27AABCH9057L1Z4, registered in Maharashtra. The company has 11 GST registrations in all, of which 10 are active and 1 is cancelled or inactive. Other active GSTINs include 07AABCH9057L1Z6 (Delhi), 09AABCH9057L1Z2 (Uttar Pradesh), 29AABCH9057L1Z0 (Karnataka).
The CIN (Corporate Identification Number) of HTL Aircon is U29306MH2007PTC173671. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HTL Aircon has 18 court cases on record: 9 filed by the company and 9 filed against it. 7 are pending. Most are in the district courts.
HTL Aircon was incorporated on 31 August 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
HTL Aircon has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹10 Lakh; the latest was in November 2009.
The peers of HTL Aircon by revenue are Inverted Energy Private Limited, Ample Retail Private Limited, Strata Solar Private Limited, Uni One India Private Limited, Ultinon Motion India Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Retail and Distribution).