About Koel Fluid Dynamics Private Limited
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Koel Fluid Dynamics Private Limited is a private limited company based in Sanand, Gujarat, India, a subsidiary of Kirloskar Oil Engines Limited. It operates in the industrial pumps and fluid systems segment of the machinery and industrial equipment sector. It was incorporated on 10 April 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U28132GJ1981PTC004263. Its GSTIN is 24AAACL3246N1ZG (Gujarat). The company holds 32 GST registrations, of which 16 are active.
The company has an authorised share capital of ₹62.74 Cr and a paid-up capital of ₹42.14 Cr. It was formerly known as La-Gajjar Machineris Limited. It is led by directors including Rahul Sahai (Managing Director) and Gauri Atul Kirloskar.
Its last annual general meeting (AGM) was held on 24 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No. Sm – 33 34 35 36/1, Sanand – II Industrial Estate Sanand GIDC, Gujarat, India – 382110.
As per the financials filed for FY 2026, the company reported a revenue of ₹1,146.3 Cr, a growth of 12% compared to the previous year. For the same year it recorded a net profit of ₹71.94 Cr (net margin 6.3%) and EBITDA of ₹123.22 Cr (EBITDA margin 10.7%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 17% over five years.
The company has about 411 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 2 brands: Varuna Pumps and Varuna Electric. As per MCA filings, the company has open charges of ₹254.27 Cr and satisfied charges of ₹312.76 Cr on record. Court records list 68 cases involving the company, including 42 filed by the company and 26 filed against it; 17 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website varunapumps.com.
Company details
CIN history
Koel Fluid Dynamics has one previous CIN (Corporate Identification Number): U17110GJ1981PTC004263. The current CIN is U28132GJ1981PTC004263, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28132GJ1981PTC004263 | Current |
| U17110GJ1981PTC004263 | Previous |
Contact details
Koel Fluid Dynamics Private Limited's registered office is in Sanand, Gujarat. Its website is varunapumps.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No. Sm – 33 34 35 36/1, Sanand – II Industrial Estate Sanand GIDC, Gujarat, India – 382110
- IndustryMachinery and Equipment, Industrial Pumps & Fluid Systems
To see the full contact details of Koel Fluid Dynamics 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
Brands
Koel Fluid Dynamics operates two associated brands: Varuna Pumps and Varuna Electric. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Agricultural pumps are manufactured by Varuna Pumps in India. | varunapumps.com | |
| Manufacturer and exporter of submersible and monoblock pumps, known for their seamless performance | varunaelectric.com |
Business activity
The main business activity of Koel Fluid Dynamics is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Koel Fluid Dynamics Private Limited, buy the company report.
Financials of Koel Fluid Dynamics Private Limited
FY 2026 filings availableKoel Fluid Dynamics Private Limited reported revenue of ₹1,146.3 Cr (up 12% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 12% growth in the latest year. EBITDA rose 37% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,146.3 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹123.22 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹71.94 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.7% | ||||
| Net Profit Margin | 6.3% | ||||
| 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 Koel Fluid Dynamics Private Limited, buy the company report.
Board of directors of Koel Fluid Dynamics Private Limited
Koel Fluid Dynamics has 5 current directors and 16 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gauri Atul Kirloskar Also directs: Snow Leopard Technology Ventures LLP, Snow Leopard Momentum LLP, Snow Leopard Global Technology LLP and 5 more | Director | 18 Oct 2019 | 7 Years 0 Months | Current |
| Akshay Sahni Also directs: Avante Spaces Limited | Director | 28 Jan 2022 | 4 Years 8 Months | Current |
| Rahul Sahai Also directs: Kirloskar Advanced Systems Private Limited | Managing Director | 24 Jan 2025 | 1 Years 9 Months | Current |
| Sachin Kejriwal Also directs: Kirloskar Advanced Systems Private Limited | Director | 18 Oct 2024 | 2 Years 0 Months | Current |
| Ranganath Nuggehalli Krishna Also directs: Avt Natural Products Limited, Kirloskar Pneumatic Company Limited, Mechzephyr Engineering Private Limited and 5 more | Director | 28 Sep 2023 | 3 Years 0 Months | Current |
Peer comparison
Koel Fluid Dynamics Private Limited is compared with the 7 companies closest to it by revenue in the Machinery and Equipment industry (Pumps), 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Koel Fluid Dynamics Private Limitedthis company | ₹1,146.3 Cr (FY 2026) | ₹71.94 Cr | 6.3% | 12.0% | 411 | Sanand, Gujarat, India |
| Dover India Private Limited | ₹694.03 Cr (FY 2025) | 8.0% | Bangalore, Karnataka, India | |||
| Moniba Anand Electricals Pvt Ltd | ₹622.69 Cr (FY 2024) | 2837.0% | Mumbai, Maharashtra, India | |||
| Portescap India Private Limited | ₹585.92 Cr (FY 2025) | -10.0% | Mumbai, Maharashtra, India | |||
| Ruhrpumpen India Private Limited | ₹370.86 Cr (FY 2024) | 51.0% | Kancheepuram, Tamil Nadu, India | |||
| Kirloskar Ebara Pumps Limited | ₹368.75 Cr (FY 2025) | 19.0% | Pune, Maharashtra, India | |||
| Duke Pumping Solutions Private Limited | ₹367.2 Cr (FY 2025) | 12.0% | Palanpur, Gujarat, India | |||
| Aks Electricals and Electronics Limited | ₹365.86 Cr (FY 2021) | 7.0% | New Delhi, Delhi, India |
To see the full peer comparison of Koel Fluid Dynamics Private Limited, buy the company report.
Auditor
Koel Fluid Dynamics Private Limited is audited by P G BHAGWAT LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P G BHAGWAT LLP | FY 2023 | 101118W/W100682 |
Shareholding
The shareholding of Koel Fluid Dynamics Private 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 category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Koel Fluid Dynamics Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Aug 2023 | 100778339 | Others | ₹47.5 Cr | Open | |
| 28 Jul 2023 | 100765275 | Axis Bank Limited | ₹47.5 Cr | Open | |
| 31 Mar 2018 | 100172578 | Others | ₹159.27 Cr | Open | |
| 05 Aug 2022 | 100609786 | Others | ₹19.63 Lakh | Satisfied | |
| 23 Feb 2022 | 100548636 | Others | ₹8 Cr | Satisfied |
To see the full charge records of Koel Fluid Dynamics Private Limited, buy the company report.
Total charge records: 18 View all charges
Legal cases
Koel Fluid Dynamics Private Limited has 68 court cases on record: 42 filed by Koel Fluid Dynamics, 26 filed against it. 17 cases are pending and 51 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 45 | 14 | 11 |
| High courts | 20 | 10 | 6 |
| Supreme Court | 3 | 2 | 0 |
Cases on record (5 of 68)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Kirloskar Brothers Limited and 1 other | Pending |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed against the company by Kirloskar Brothers Limited Through Vice President and Legal Head Umesh Gosavi Office at Udyog Bhavan, Tilak Road, Pune ,Pune , Maharashtra | Disposed |
| Supreme Court | Court case (1100-Arbitration Matters : SLPs challenging Arbitration Matters) | Filed by the company against Kirloskar Brothers Limited Duly Incorporated Company Having Registered Office at Udyog Bhavan, Tilak Road ,Pune , Maharashtra and 24 others | Disposed |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed against the company by Countrywide Logistics India Private Ltd. Through Its Authorized Vikaskumar Dasarathlal Vyas | Disposed |
| District court, Ahmedabad, Gujarat | Court case (TMSUIT) | Filed by the company against M/S. Forge and Blower Industries Ltd and 4 others | Disposed |
To see the full case history of Koel Fluid Dynamics 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.
Credit ratings & regulatory alerts
Koel Fluid Dynamics Private Limited was last rated by Crisil on 03 Jul 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 03 Jul 2020 |
To see the full credit ratings and regulatory alerts of Koel Fluid Dynamics Private Limited, buy the company report.
MSME payment delays
Koel Fluid Dynamics Private Limited has 7 MSME Form 1 returns on record between 2019 and 2022, listing 514 overdue payments to 256 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 256)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Unipath Specialty Laboratory Limited | |||
| Radix Innovations Private Limited | |||
| Singhal Power Presses Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Koel Fluid Dynamics Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Koel Fluid Dynamics has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Optiqua Pipes and Electricals Private Limited | U29304GJ2021PTC120412 |
To see the full group structure of Koel Fluid Dynamics Private Limited, buy the company report.
Employees & EPFO
Koel Fluid Dynamics Private Limited has a workforce of 411 employees on its EPFO records as of Apr 09, 2024, across 1 active EPFO establishment.
GST
Koel Fluid Dynamics has 32 GST registrations: 16 active and 16 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACL3246N1ZG | Gujarat | Active | 01 Jul 2017 |
| 24AAACL3246N2ZF | Gujarat | Active | 21 Sep 2017 |
| 08AAACL3246N1ZA | Rajasthan | Active | 01 Jul 2017 |
| 09AAACL3246N1Z8 | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Koel Fluid Dynamics Private Limited, buy the company report.
Recent activity
Koel Fluid Dynamics Private Limited has 21 board changes on record since 2017: 5 appointments and 16 cessations. The latest: Sachin Kejriwal ceased to be Additional Director on 24 Jul 2025.
51 earlier events are in the company report.
Frequently asked questions
Koel Fluid Dynamics is an active private limited company based in Sanand, Gujarat, India. The company works in industrial pumps and fluid systems, within the machinery and equipment industry. It was incorporated on 10 April 1981 (45+ years old) and is registered under CIN U28132GJ1981PTC004263.
Koel Fluid Dynamics has 5 current directors:
- Rahul Sahai - Managing Director
- Gauri Atul Kirloskar - Director
- Akshay Sahni - Director
- Sachin Kejriwal - Director
- Ranganath Nuggehalli Krishna - Director
The latest financial statements of Koel Fluid Dynamics on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 July 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Koel Fluid Dynamics is 24AAACL3246N1ZG, registered in Gujarat. The company has 32 GST registrations in all, of which 16 are active and 16 are cancelled or inactive. Other active GSTINs include 24AAACL3246N2ZF (Gujarat), 08AAACL3246N1ZA (Rajasthan), 09AAACL3246N1Z8 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Koel Fluid Dynamics is U28132GJ1981PTC004263. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Koel Fluid Dynamics has 68 court cases on record: 42 filed by the company and 26 filed against it. 17 are pending. Most are in the district courts.
Koel Fluid Dynamics was incorporated on 10 April 1981, making it 45+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Koel Fluid Dynamics by revenue are Dover India Private Limited, Moniba Anand Electricals Pvt Ltd, Portescap India Private Limited, Ruhrpumpen India Private Limited, Kirloskar Ebara Pumps Limited and 2 more, all in the Machinery and Equipment industry (Pumps), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Sachin Kejriwal ceased to be Additional Director on 24 Jul 2025. Rahul Sahai was appointed as Managing Director on 24 Jan 2025. Sachin Kejriwal was appointed as Director on 18 Oct 2024. Koel Fluid Dynamics has 21 board changes on record in total.
Koel Fluid Dynamics has 7 MSME Form 1 returns on record between 2019 and 2022, listing 514 overdue payments to 256 micro and small suppliers. The latest return was filed on 06 Feb 2024.
Koel Fluid Dynamics can be reached through the website varunapumps.com. Its registered office is in Sanand, Gujarat, India.
The registered office of Koel Fluid Dynamics is at Plot No. Sm – 33 34 35 361, Sanand – II Industrial Estate Sanand GIDC, Gujarat, India – 382110.