About India Radiators Limited
Data last updated: 22 December 2025
India Radiators Limited is a public limited company based in Chennai, Tamil Nadu, India, a subsidiary of Mercantile Ventures Limited. It specialises in auto parts and components, a part of the broader automotive sector. Incorporated on 05 January 1949, the company has been in operation for over 77 years.
Registered with ROC Chennai under CIN L27209TN1949PLC000963. Listed on BSE: 505100.
Capital: an authorised share capital of ₹21 Cr and a paid-up capital of ₹20.38 Cr. Formerly known as Rayala Corporation (Mysore) Limited. It is led by directors including Rangaswami Natarajan Edayathumangalam and Sashikala Srikanth.
Last AGM: 24 September 2025. Financial statements filed for year ended 31 March 2025. Office: No 88 Mount Road Guindy, Chennai, Tamil Nadu, India – 600032.
As per BSE-filed standalone financials for FY 2026, the company reported a revenue of ₹6.32 Lakh, a growth of 0% compared to the previous year. Total assets are valued at ₹18.18 Cr (down 0.58% YoY).
It operates as a subsidiary of Mercantile Ventures Limited.
The company is associated with 1 brand - India Radiators. As per MCA filings, the company has satisfied charges of ₹19.78 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 indiaradiators.com.
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Registered AddressNo 88 Mount Road Guindy, Chennai, Tamil Nadu, India – 600032
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IndustryAutomotive, Auto Parts & Components
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of India Radiators Limited
India Radiators Limited has one previous CIN (Corporate Identification Number): L27209TN1955PLC000963. The current CIN is L27209TN1949PLC000963, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L27209TN1949PLC000963 | Current |
| L27209TN1955PLC000963 | Previous |
Associated Brands with India Radiators Limited
India Radiators Limited operates one associated brand: India Radiators. These brands represent India Radiators Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Engages in renting properties, corporate governance, and investor compliance in India. | indiaradiators.com |
Competitors & Alternatives of India Radiators Limited
Brands and companies operating in the same space as India Radiators Limited include Fidelity Investments, UTI Mutual Fund, Goldman Sachs and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Fidelity Investments
|
Provider of brokerage accounts, retirement planning, wealth management, and trading platforms | Boston, United States, United States | 1946 |
UTI Mutual Fund
|
Mutual funds, portfolio management, and retirement planning services are offered. | Mumbai, India, India | 2001 |
Goldman Sachs
|
Investment banking services are delivered across multiple financial sectors. | New York, United States, United States | 1869 |
S&P Global
|
Platform offering business intelligence solutions that combine data and actionable analytics for clients | New York, United States, United States | 1917 |
Sundaram Finance
|
Provider of consumer & SME loans and equipment & vehicle leasing services | Chennai, India, India | 1954 |
Bank of America
|
Commercial banking and asset management services are offered worldwide. | Charlotte, United States, United States | 1904 |
State Street
|
Financial services are provided to asset managers worldwide. | Boston, United States, United States | - |
FIS
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Software suites for banks and financial institutions are provided. | Jacksonville, United States, United States | 1968 |
Avendus
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Corporate advisory and investment services are provided to clients. | Mumbai, India, India | 1999 |
360 One
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Asset and wealth management software is provided for businesses. | Mumbai, India, India | 2008 |
Business Activity of India Radiators Limited
India Radiators Limited is engaged in the principal business activity of real estate, with detailed activities including real estate activities with own or leased property.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | Locked |
Business activity turnover details for India Radiators Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of India Radiators Limited
India Radiators Limited is audited by M/s. DPV & Associates (ICAI peer reviewed, certificate valid till 2027-04-30) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/s. DPV & Associates (ICAI peer reviewed, certificate valid till 2027-04-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors and KMP of India Radiators Limited
India Radiators Limited currently reports 4 directors and 1 key managerial person. 13 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Rangaswami Natarajan Edayathumangalam
Also directs:
India Radiators Limited, Chitaranjan Developers Llp, Cenotaph Developers Llp and 5 more
|
Whole-Time Director | 28 May 2014 | 12 Years 1 Months | Current |
|
Umasankar
Also directs:
India Radiators Limited, Mercantile Ventures Limited
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Cfo | 28 Jun 2024 | 2 Years 0 Months | Current |
| Sashikala Srikanth | Director | 29 May 2025 | 1 Years 1 Months | Current |
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Alagappan Chandramouli
Also directs:
India Radiators Limited, Odyssey Technologies Limited, Servall Engineering Works Private Limited and 1 more
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Director | 29 May 2025 | 1 Years 1 Months | Current |
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Govindarajan Dattatreyan Sharma
Also directs:
Tuticorin Alkali Chemicals And Fertilizers Limited, India Radiators Limited, Mercantile Ventures Limited and 4 more
|
Director | 29 May 2025 | 1 Years 1 Months | Current |
Financials of India Radiators Limited FY 2026 filings available
India Radiators Limited reported revenue of ₹6.32 Lakh (up 0% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹6.32 Lakh | ₹6.32 Lakh | ₹6.32 Lakh | ₹6.32 Lakh | ₹4.51 Lakh | ₹78,000 | ₹68,000 | ₹1.48 Lakh |
| Other Income | ₹27,000 | ₹25,000 | ₹33,000 | ₹39.69 Lakh | ₹9.27 Cr | ₹1.87 Lakh | ₹1.96 Cr | ₹7.73 Lakh |
| Total Income | ₹6.59 Lakh | ₹6.57 Lakh | ₹6.65 Lakh | ₹46.01 Lakh | ₹9.32 Cr | ₹2.65 Lakh | ₹1.96 Cr | ₹9.21 Lakh |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹0 | ₹0 | ₹1.69 Lakh | ₹4.45 Lakh | ₹4.18 Lakh | ₹6.11 Lakh | ₹11.87 Lakh | ₹10.75 Lakh |
| Finance Costs | ₹85.57 Lakh | ₹79.9 Lakh | ₹74.8 Lakh | ₹71.64 Lakh | ₹1.54 Cr | ₹1.48 Cr | ₹91.33 Lakh | ₹59.22 Lakh |
| Depreciation & Amortisation | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹1.36 Lakh | ₹3.06 Lakh | ₹3.06 Lakh |
| Other Expenses | ₹90.01 Lakh | ₹31.56 Lakh | ₹9.56 Lakh | ₹11.11 Lakh | ₹61.53 Lakh | ₹36.51 Lakh | ₹40.06 Lakh | ₹61.65 Lakh |
| Total Expenses | ₹1.76 Cr | ₹1.11 Cr | ₹86.05 Lakh | ₹87.2 Lakh | ₹2.2 Cr | ₹1.92 Cr | ₹1.46 Cr | ₹1.35 Cr |
| Profit Before Exceptional Items & Tax | -₹1.69 Cr | -₹1.05 Cr | -₹79.4 Lakh | -₹41.2 Lakh | ₹7.12 Cr | -₹1.89 Cr | ₹50.12 Lakh | -₹1.25 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹1.69 Cr | -₹1.05 Cr | -₹79.4 Lakh | -₹41.2 Lakh | ₹7.12 Cr | -₹1.89 Cr | ₹50.12 Lakh | -₹1.25 Cr |
| Total Tax Expense | -₹21.41 Lakh | -₹19.97 Lakh | -₹23.63 Lakh | -₹17.32 Lakh | ₹2.22 Cr | ₹5.65 Lakh | -₹1.45 Cr | ₹1.27 Cr |
| Net Profit | -₹1.48 Cr | -₹84.92 Lakh | -₹55.77 Lakh | ₹68.09 Lakh | ₹4.9 Cr | -₹1.95 Cr | ₹1.95 Cr | -₹2.52 Cr |
| Other Comprehensive Income | ₹0 | ₹0 | ₹4.59 Cr | ₹0 | ₹0 | ₹0 | -₹6.65 Cr | ₹6.16 Cr |
| Total Comprehensive Income | -₹1.48 Cr | -₹84.92 Lakh | ₹4.04 Cr | ₹68.09 Lakh | ₹4.9 Cr | -₹1.95 Cr | -₹4.7 Cr | ₹3.64 Cr |
| EBITDA (computed) | -₹83.42 Lakh | -₹24.99 Lakh | -₹4.6 Lakh | ₹30.45 Lakh | ₹8.66 Cr | -₹39.97 Lakh | ₹1.45 Cr | -₹63.19 Lakh |
| Basic EPS | ₹-16.40 | ₹-9.44 | ₹-6.20 | ₹-2.66 | ₹54.41 | ₹-21.61 | ₹21.67 | ₹-28.03 |
| Diluted EPS | ₹-16.40 | ₹-9.44 | ₹-6.20 | ₹-2.66 | ₹54.41 | ₹-21.61 | ₹21.67 | ₹-28.03 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹18.18 Cr | ₹18.28 Cr | ₹18.24 Cr | ₹12.02 Cr | ₹12.15 Cr | ₹12.12 Cr | ₹12.14 Cr | ₹23.87 Cr |
| Non-current Assets | ₹18.02 Cr | ₹18.02 Cr | ₹18.02 Cr | ₹11.88 Cr | ₹12.09 Cr | ₹12.09 Cr | ₹12.11 Cr | ₹18.79 Cr |
| Current Assets | ₹15.41 Lakh | ₹25.99 Lakh | ₹21.23 Lakh | ₹13.17 Lakh | ₹6.18 Lakh | ₹3 Lakh | ₹3.84 Lakh | ₹5.09 Cr |
| Property, Plant & Equipment | ₹18.02 Cr | ₹18.02 Cr | ₹18.02 Cr | ₹11.88 Cr | ₹12.09 Cr | ₹12.09 Cr | ₹12.11 Cr | ₹18.79 Cr |
| Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Trade Receivables | ₹6.06 Lakh | ₹20.82 Lakh | ₹16.27 Lakh | ₹11.81 Lakh | ₹4.35 Lakh | ₹0 | ₹0 | ₹0 |
| Cash & Equivalents | ₹3.84 Lakh | ₹2.8 Lakh | ₹3.63 Lakh | ₹90,000 | ₹1.81 Lakh | ₹2.19 Lakh | ₹3.02 Lakh | ₹91,000 |
| Equity (Net Worth) | -₹1.85 Cr | -₹37.03 Lakh | ₹47.88 Lakh | -₹3.56 Cr | -₹4.24 Cr | -₹9.14 Cr | -₹7.19 Cr | -₹2.49 Cr |
| Equity Share Capital | ₹90 Lakh | ₹90 Lakh | ₹90 Lakh | ₹90 Lakh | ₹90 Lakh | ₹90 Lakh | ₹90 Lakh | ₹90 Lakh |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Borrowings (Current) | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Debt (computed) | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Current Liabilities | ₹1.89 Cr | ₹1.16 Cr | ₹86.13 Lakh | ₹73.47 Lakh | ₹2.08 Cr | ₹9.59 Cr | ₹8.5 Cr | ₹14.81 Cr |
| Total Liabilities | ₹20.02 Cr | ₹18.65 Cr | ₹17.76 Cr | ₹15.57 Cr | ₹16.39 Cr | ₹21.26 Cr | ₹19.33 Cr | ₹26.36 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹1.04 Lakh | -₹83,000 | ₹2.73 Lakh | -₹95.91 Lakh | -₹38,000 |
| Investing Cash Flow | ₹0 | ₹0 | ₹0 | ₹95 Lakh | ₹0 |
| Financing Cash Flow | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Capital Expenditure | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Free Cash Flow (computed) | ₹1.04 Lakh | -₹83,000 | ₹2.73 Lakh | -₹95.91 Lakh | -₹38,000 |
| Dividends Paid | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Net Change in Cash | ₹1.04 Lakh | -₹83,000 | ₹2.73 Lakh | -₹91,000 | -₹38,000 |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1.58 Lakh | ₹1.58 Lakh | ₹1.58 Lakh | ₹1.58 Lakh | ₹1.58 Lakh | ₹1.58 Lakh | ₹1.58 Lakh | ₹1.58 Lakh |
| Other Income | ₹8,000 | ₹6,000 | ₹11,000 | ₹2,000 | ₹8,000 | ₹4,000 | ₹7,000 | ₹6,000 |
| Total Income | ₹1.66 Lakh | ₹1.64 Lakh | ₹1.69 Lakh | ₹1.6 Lakh | ₹1.66 Lakh | ₹1.62 Lakh | ₹1.65 Lakh | ₹1.64 Lakh |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Changes in Inventories | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Employee Benefit Expense | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Finance Costs | ₹21.65 Lakh | ₹21.75 Lakh | ₹21.38 Lakh | ₹20.79 Lakh | ₹20.22 Lakh | ₹20.31 Lakh | ₹19.96 Lakh | ₹19.41 Lakh |
| Depreciation & Amortisation | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Other Expenses | ₹9.37 Lakh | ₹4.68 Lakh | ₹31.5 Lakh | ₹44.46 Lakh | ₹22.57 Lakh | ₹1.6 Lakh | ₹2.67 Lakh | ₹4.72 Lakh |
| Total Expenses | ₹31.02 Lakh | ₹26.43 Lakh | ₹52.88 Lakh | ₹65.25 Lakh | ₹42.79 Lakh | ₹21.91 Lakh | ₹22.63 Lakh | ₹24.13 Lakh |
| Profit Before Exceptional Items & Tax | -₹29.36 Lakh | -₹24.79 Lakh | -₹51.19 Lakh | -₹63.65 Lakh | -₹41.13 Lakh | -₹20.29 Lakh | -₹20.98 Lakh | -₹22.49 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹29.36 Lakh | -₹24.79 Lakh | -₹51.19 Lakh | -₹63.65 Lakh | -₹41.13 Lakh | -₹20.29 Lakh | -₹20.98 Lakh | -₹22.49 Lakh |
| Total Tax Expense | -₹5.42 Lakh | -₹5.44 Lakh | -₹5.35 Lakh | -₹5.2 Lakh | -₹5.05 Lakh | -₹5.08 Lakh | -₹4.99 Lakh | -₹4.85 Lakh |
| Net Profit | -₹23.94 Lakh | -₹19.35 Lakh | -₹45.84 Lakh | -₹58.45 Lakh | -₹36.08 Lakh | -₹15.21 Lakh | -₹15.99 Lakh | -₹17.64 Lakh |
| Other Comprehensive Income | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Total Comprehensive Income | -₹23.94 Lakh | -₹19.35 Lakh | -₹45.84 Lakh | -₹58.45 Lakh | -₹36.08 Lakh | -₹15.21 Lakh | -₹15.99 Lakh | -₹17.64 Lakh |
| EBITDA (computed) | -₹7.71 Lakh | -₹3.04 Lakh | -₹29.81 Lakh | -₹42.86 Lakh | -₹20.91 Lakh | ₹2,000 | -₹1.02 Lakh | -₹3.08 Lakh |
| Basic EPS | ₹-2.66 | ₹-2.15 | ₹-5.09 | ₹-6.49 | ₹-4.01 | ₹-1.69 | ₹-1.78 | ₹-1.96 |
| Diluted EPS | ₹-2.66 | ₹-2.15 | ₹-5.09 | ₹-6.49 | ₹-4.01 | ₹-1.69 | ₹-1.78 | ₹-1.96 |
| Segment · FY 2023 (annual) | Revenue | Result (PBIT) | Assets | Liabilities |
|---|---|---|---|---|
| a)Renting of properties | ₹6.32 Lakh | ₹6.32 Lakh | - | - |
| b) Automobile parts | ₹1.02 Cr | ₹91.96 Lakh | - | - |
| Others - Unallocated Income | ₹39.68 Lakh | ₹0 | - | - |
Shareholding Pattern of India Radiators Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 38.74%, foreign institutional investors hold 5.13%, domestic institutional investors hold 3.15%, retail and other public shareholders hold 52.99% of India Radiators Limited. The company had 4,453 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 38.74% | 38.74% | 38.74% | 38.74% | 38.74% | 38.74% |
| Public | 61.26% | 61.26% | 61.26% | 61.26% | 61.26% | 61.26% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 38.74% | 38.74% | 38.41% |
| Public | 61.26% | 61.26% | 61.59% |
| Promoter change (YoY, %pts) | +0.00 | +0.33 | - |
Charges & Borrowings of India Radiators Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 29 Nov 1996 | First Leasing Company of India Ltd | ₹65 Lakh | Satisfied |
| 12 Jun 1995 | Idbi Bank Limited | ₹1.1 Cr | Satisfied |
| 03 Oct 1994 | Catholic Syrian Bank Ltd | ₹4.35 Cr | Satisfied |
| 03 Oct 1994 | Pondicherry Industrial Promotion Development and Investment Corporation Ltd | ₹89 Lakh | Satisfied |
| 08 Jun 1993 | State Bank of India | ₹5.3 Lakh | Satisfied |
Total charge records: 16 View all charges
Employees and EPFO Compliance at India Radiators Limited
View historical data on people associated with India Radiators Limited, including employment history and EPFO contributions.
Employee and EPFO history for India Radiators Limited
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GST Compliance of India Radiators Limited
GST registrations and filing compliance for India Radiators Limited
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Credit Ratings, Litigation & Regulatory Alerts for India Radiators Limited
Credit ratings, litigation, and regulatory alerts for India Radiators Limited
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MSME Payment Delays by India Radiators Limited
MSME payment history for India Radiators Limited
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Subsidiaries & Group Companies of India Radiators Limited
Corporate group structure for India Radiators Limited
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MCA Filings & Documents of India Radiators Limited
MCA filings and documents for India Radiators Limited
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Recent Activity on India Radiators Limited
Frequently Asked Questions about India Radiators Limited
India Radiators Limited is an active public limited company in the automotive sector based in Chennai, Tamil Nadu, India. It was incorporated on 05 January 1949 (77+ years old) and is registered under CIN L27209TN1949PLC000963. Listed on BSE: 505100.
India Radiators Limited reported revenue of ₹6.32 Lakh for FY 2026 (up 0% YoY) based on standalone BSE filings.
The current directors and KMP of India Radiators Limited are:
- Rangaswami Natarajan Edayathumangalam - Whole-Time Director
- Umasankar - Cfo
- Sashikala Srikanth - Director
- Alagappan Chandramouli - Director
- Govindarajan Dattatreyan Sharma - Director
The primary industry of India Radiators Limited is automotive. The company specifically operates in auto parts and components. The company is currently active in this sector.
Yes. India Radiators Limited is listed on BSE with code 505100.
India Radiators Limited can be reached at the registered office: No 88 Mount Road Guindy, Chennai, Tamil Nadu, India – 600032, or through the website indiaradiators.com.