MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0065423
Kerone Engineering Solutions Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹14.09 Cr
▲ 71% YoY
Net profit · FY 2024
₹1.04 Cr
Net margin 7.4%
EBITDA · FY 2024
₹1.69 Cr
EBITDA margin 12%
Authorised capital
₹25 Lakh
Registered with MCA
Paid-up capital
₹10.19 Lakh
Issued & subscribed
Satisfied charges
₹9.5 Lakh
No open charges
Company age
50 yrs
Est. 1976
Directors on board
4
As per MCA filings
About Kerone Engineering Solutions Limited
Data last updated:
Kerone Engineering Solutions Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 17 April 1976 and has been in existence for over 50 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29198MH1976PLC018971. Its GSTIN is 27AAACV4010C1ZZ (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹10.19 Lakh. It was formerly known as Volthernic Heaters Private Limited and Kerone Engineering Solutions Private Limited. It is led by directors including Dimple Maulik Gandhi and Jyotsna Gandhi Harishbhai.
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 210 Veena Dalwaiindustrial Estate Jogeshwari (W), Mumbai, Maharashtra, India – 400102.
As per the financials filed for FY 2024, the company reported a revenue of ₹14.09 Cr, a growth of 71% compared to the previous year. For the same year it recorded a net profit of ₹1.04 Cr (net margin 7.4%) and EBITDA of ₹1.69 Cr (EBITDA margin 12%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years.
As per MCA filings, the company has satisfied charges of ₹9.5 Lakh on record.
Kerone Engineering Solutions Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0065423). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kerone.com.
Company Details of Kerone Engineering Solutions Limited
CIN U29198MH1976PLC018971
Registration Number 018971
Incorporation Date 17 April 1976
ROC Mumbai
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 Small
Udyam Registration UDYAM-MH-18-0065423
Name History of Kerone Engineering Solutions Limited
Kerone Engineering Solutions has undergone 2 name changes throughout its history. The company was previously known as Volthernic Heaters Private Limited, and Kerone Engineering Solutions Private Limited. The current legal name is Kerone Engineering Solutions Limited.
| Company Name | Status |
|---|---|
| Kerone Engineering Solutions Limited | Current |
| Volthernic Heaters Private Limited | Previous |
| Kerone Engineering Solutions Private Limited | Previous |
CIN History of Kerone Engineering Solutions Limited
Kerone Engineering Solutions has one previous CIN (Corporate Identification Number): U29198MH1976PTC018971. The current CIN is U29198MH1976PLC018971, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29198MH1976PLC018971 | Current |
| U29198MH1976PTC018971 | Previous |
Key People
Dimple Maulik Gandhi Director Jyotsna Gandhi Harishbhai Director Maulik Harish Gandhi Director Recognitions & Rankings of Kerone Engineering Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address210 Veena Dalwaiindustrial Estate Jogeshwari (W), Mumbai, Maharashtra, India – 400102
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
Comprehensive company report
Kerone Engineering Solutions 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
- One PDF report, delivered after checkout
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business Activity of Kerone Engineering Solutions Limited
The main business activity of Kerone Engineering Solutions is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
Premium access
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 Kerone Engineering Solutions Limited FY 2025 filings available
Kerone Engineering Solutions Limited reported revenue of ₹14.09 Cr (up 71% YoY) for FY 2024.
Revenue · FY 2024
₹14.09 Cr ▲ 71%
Net profit · FY 2024
₹1.04 Cr margin 7.4%
EBITDA · FY 2024
₹1.69 Cr margin 12%
Compounded Annual Growth Rate (CAGR) of Kerone Engineering Solutions Limited
Revenue CAGR growth
1 year
▲ 71%
3 years · compounded
▲ 38%
EBITDA CAGR growth
1 year
▲ 42%
3 years · compounded
▲ 29%
5 years · compounded
▲ 92%
Revenue has grown at a compounded annual rate (CAGR) of 38% over three years, including 71% growth in the latest year. EBITDA rose 42% 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 Kerone Engineering Solutions 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 | ₹1.69 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.04 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 Kerone Engineering Solutions Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.4% | •••• | •••• | •••• | •••• |
| 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 Kerone Engineering Solutions are in the company report.
Premium access
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.
Board of Directors of Kerone Engineering Solutions Limited
Kerone Engineering Solutions has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dimple Maulik Gandhi | Director | 19 Feb 2019 | 7 Years 8 Months | Current |
| Jyotsna Gandhi Harishbhai | Director | 17 Apr 1976 | 50 Years 6 Months | Current |
| Maulik Harish Gandhi | Director | 28 Aug 2013 | 13 Years 1 Months | Current |
| Ramesh Shahaji Shinde | Director | 19 Feb 2019 | 7 Years 8 Months | Current |
Peer Comparison of Kerone Engineering Solutions Limited
Kerone Engineering Solutions Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Spectrum Scientific Private Limited | ₹14.12 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Mumbai, Maharashtra, India |
| Fabxotic India Private Limited | ₹14.1 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Bhosari, Maharashtra, India |
| Therm-Process Engineering Private Limited | ₹14.1 Cr (FY 2025) | •••• | •••• | 71.0% | •••• | Mumbai, Maharashtra, India |
| Nrb-Ibc Bearings Private Limited | ₹14.1 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Mumbai, Maharashtra, India |
| Bilmat Engineering Private Limited | ₹14.09 Cr (FY 2025) | •••• | •••• | •••• | Vadodara, Gujarat, India | |
| Kerone Engineering Solutions Limited this company | ₹14.09 Cr (FY 2024) | •••• | •••• | 71.0% | •••• | Mumbai, Maharashtra, India |
| Rangani Engineering Private Limited | ₹14.07 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Veraval, Gujarat, India |
| XWLS Electric Private Limited | ₹14.06 Cr (FY 2024) | •••• | •••• | 112.0% | •••• | Delhi, India |
| Smartenviro Systems Private Limited | ₹14.06 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Pune, Maharashtra, India |
| South West Automation Private Limited | ₹14.04 Cr (FY 2020) | •••• | •••• | 0.0% | •••• | Pune, Maharashtra, India |
| Hulasi Metals Private Limited | ₹14.01 Cr (FY 2024) | •••• | •••• | -14.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Kerone Engineering Solutions by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), 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 Kerone Engineering Solutions Limited
Kerone Engineering Solutions Limited is audited by RRAHUL & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RRAHUL & ASSOCIATES | Locked | Locked | Locked |
Premium access
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.
Ownership and Shareholding of Kerone Engineering Solutions Limited
Premium access
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 Kerone Engineering Solutions Limited
Open charges
None
Satisfied charges
₹9.5 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 03 Aug 1999 | Union Bank of India | ₹9.5 Lakh | Satisfied |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Kerone Engineering Solutions Limited
Employment history and EPFO contributions of people linked to Kerone Engineering Solutions.
Premium access
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.
Recent Activity on Kerone Engineering Solutions Limited
Kerone Engineering Solutions Limited has 7 board changes on record since 1976: 4 appointments and 3 cessations. The latest: Harish Jayantilal Gandhi ceased to be Director on 01 Jun 2024.
AGM
Kerone Engineering Solutions Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Kerone Engineering Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Harish Jayantilal Gandhi ceased to be Director.
Ceased
Dimple Maulik Gandhi ceased to be Additional Director.
Ceased
Ramesh Shahaji Shinde ceased to be Additional Director.
Appointed
Dimple Maulik Gandhi was appointed as Director.
Appointed
Ramesh Shahaji Shinde was appointed as Director.
Appointed
Maulik Harish Gandhi was appointed as Director.
Charges
A charge registered on 03 Aug 1999 via Charge ID 80053793 with Union Bank Of India was fully satisfied on 13 Jun 2009.
Charges
A charge with Union Bank Of India amounted to Rs. 9.50 Lakh with Charge ID 80053793 was registered on 03 Aug 1999.
Appointed
Jyotsna Gandhi Harishbhai was appointed as Director.
Incorporation
17 Apr 1976
Kerone Engineering Solutions Limited was registered on 17 Apr 1976 with Roc Mumbai & aged 50 years 6 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Kerone Engineering Solutions Limited
Premium access
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 Kerone Engineering Solutions Limited
Premium access
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 Kerone Engineering Solutions Limited
Premium access
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 Kerone Engineering Solutions Limited
Kerone Engineering Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV4010C1ZZ | Maharashtra | Active | 01 Jul 2017 |
Premium access
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 Kerone Engineering Solutions Limited
Premium access
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 Kerone Engineering Solutions Limited
Kerone Engineering Solutions is an active public limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 17 April 1976 (50+ years old) and is registered under CIN U29198MH1976PLC018971.
Kerone Engineering Solutions reported revenue of ₹14.09 Cr for FY 2024 (up 71% YoY).
Kerone Engineering Solutions has 4 current directors:
- Dimple Maulik Gandhi - Director
- Jyotsna Gandhi Harishbhai - Director
- Maulik Harish Gandhi - Director
- Ramesh Shahaji Shinde - Director
Kerone Engineering Solutions reported a net profit of ₹1.04 Cr (net margin 7.4%) and EBITDA of ₹1.69 Cr (EBITDA margin 12%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Kerone Engineering Solutions is 38% over three years. In the latest year (FY 2024) revenue rose 71%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Kerone Engineering Solutions is 27AAACV4010C1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Kerone Engineering Solutions is U29198MH1976PLC018971. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kerone Engineering Solutions was incorporated on 17 April 1976, making it 50+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Kerone Engineering Solutions by revenue are Spectrum Scientific Private Limited, Fabxotic India Private Limited, Therm-Process Engineering Private Limited, Nrb-Ibc Bearings Private Limited, Bilmat Engineering Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers).
Harish Jayantilal Gandhi ceased to be Director on 01 Jun 2024. Dimple Maulik Gandhi ceased to be Additional Director on 30 Sep 2019. Ramesh Shahaji Shinde ceased to be Additional Director on 30 Sep 2019. Kerone Engineering Solutions has 7 board changes on record in total.
Yes, Kerone Engineering Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0065423).