MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0004807
Hiver Aircon Private Limited - machinery and equipment in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹11.6 Cr
▲ 5% YoY
Net profit · FY 2025
₹39.07 Lakh
Net margin 3.4%
EBITDA · FY 2025
₹1.18 Cr
EBITDA margin 10.2%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹2 Cr
Issued & subscribed
Open charges
₹1.93 Cr
Satisfied ₹1.16 Cr
Company age
13 yrs
Est. 2013
Directors on board
2
As per MCA filings
About Hiver Aircon Private Limited
Data last updated:
Hiver Aircon Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 19 June 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31500MH2013PTC244687. Its GSTIN is 27AADCH2014H1Z0 (Maharashtra).
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors Shivaji Eknath Darade and Shobha Shivaji Darade.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹11.6 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹39.07 Lakh (net margin 3.4%) and EBITDA of ₹1.18 Cr (EBITDA margin 10.2%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 28% over five years.
As per MCA filings, the company has open charges of ₹1.93 Cr and satisfied charges of ₹1.16 Cr on record. Court records list 3 cases involving the company, including 3 filed by the company; 2 cases are pending. The company has 2 deals on record (2 rights issues); the latest was in July 2018. The company has 3 MSME Form 1 returns on record between 2019 and 2021, listing 18 overdue payments to 13 micro and small suppliers.
Hiver Aircon Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0004807). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hiver.co.in.
Company details
CIN U31500MH2013PTC244687
Registration Number 244687
Incorporation Date 19 June 2013
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0004807
Recognitions & Rankings of Hiver Aircon
Contact details
Hiver Aircon Private Limited's registered office is in Mumbai, Maharashtra. Its website is hiver.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1406 D Building Raheja Residency, Opp Saraswati Bank Dindoshi Film City Road Near Samna Parivar, Mumbai, Maharashtra, India – 400097
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
To see the full contact details of Hiver Aircon Private Limited, buy the company report.
Comprehensive company report
Hiver Aircon Private 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Hiver Aircon is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Hiver Aircon Private Limited, buy the company report.
Financials of Hiver Aircon Private Limited
FY 2024 filings availableHiver Aircon Private Limited reported revenue of ₹11.6 Cr (up 5% YoY) for FY 2025.
Revenue · FY 2025
₹11.6 Cr ▲ 5%
Net profit · FY 2025
₹39.07 Lakh margin 3.4%
EBITDA · FY 2025
₹1.18 Cr margin 10.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 5%
3 years · compounded
▲ 26%
5 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▲ 3%
3 years · compounded
▲ 23%
5 years · compounded
▲ 24%
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 5% growth in the latest year. EBITDA rose 3% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹1.18 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹39.07 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.2% | ||||
| Net Profit Margin | 3.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Hiver Aircon Private Limited, buy the company report.
Board of directors of Hiver Aircon Private Limited
Hiver Aircon has 2 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 |
|---|---|---|---|---|
| Shivaji Eknath Darade | Director | 19 Jun 2013 | 13 Years 4 Months | Current |
| Shobha Shivaji Darade | Director | 19 Jun 2013 | 13 Years 4 Months | Current |
Auditor
Hiver Aircon Private Limited is audited by SANDEEPKUMARTIWARI for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANDEEPKUMARTIWARI | FY 2024 | 418570 |
Shareholding
The shareholding of Hiver Aircon Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Hiver Aircon Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.93 Cr
Satisfied charges
₹1.16 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 29 Nov 2021 | 100514190 | Others | ₹60 Lakh | Open | |
| 08 Sep 2021 | 100479950 | Axis Bank Limited | ₹33.5 Lakh | Open | |
| 19 Mar 2021 | 100430766 | Axis Bank Limited | ₹84 Lakh | Open | |
| 19 Mar 2021 | 100430768 | Axis Bank Limited | ₹15.75 Lakh | Open | |
| 08 Jan 2019 | 100236942 | Hdfc Bank Limited | ₹65.75 Lakh | Satisfied |
To see the full charge records of Hiver Aircon Private Limited, buy the company report.
Total charge records: 6 View all charges
Deals & funding
Hiver Aircon Private Limited has 2 deals on record (2 rights issues); the latest was in July 2018.
Total deals
2
Rights issues
2
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2018 | Rights issue | ₹1.89 Cr | Investors: 2 individuals |
| Mar 2016 | Rights issue | ₹10 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Hiver Aircon Private Limited has 3 court cases on record: 3 filed by Hiver Aircon. 2 cases are pending and 1 is disposed.
Total cases
3
Filed by the company
3
Pending
2
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Commercial suit | Filed by the company against M/S. 8 Bit Entertainment Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against M/S. 8 Bit Entertainment Pvt Ltd | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against M/S. 8 Bit Entertainment Pvt Ltd | Disposed |
To see the full case history of Hiver Aircon 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
Hiver Aircon Private Limited has 3 MSME Form 1 returns on record between 2019 and 2021, listing 18 overdue payments to 13 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 13)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| State Enterprises | |||
| Ishwar Trading | |||
| an individual supplier | |||
| Deepak Tools & Hardware Store | |||
| Boulton Trading Corporation |
To see the full MSME payment records of Hiver Aircon Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Hiver Aircon has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCH2014H1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Hiver Aircon Private Limited, buy the company report.
Recent activity
Hiver Aircon Private Limited has 5 board changes on record since 2013: 2 appointments and 3 cessations. The latest: Aruna Ashok Sanap ceased to be Director on 28 Sep 2022.
AGM
Hiver Aircon Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Hiver Aircon Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge with Axis Bank Limited of Rs. 0.34 Cr registered on 08 Sep 2021 with Charge ID 100479950 was modified on 09 Nov 2022.
Ceased
Aruna Ashok Sanap ceased to be Director.
Charges
A charge with Others amounted to Rs. 0.60 Cr with Charge ID 100514190 was registered on 29 Nov 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.34 Cr with Charge ID 100479950 was registered on 08 Sep 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.84 Cr with Charge ID 100430766 was registered on 19 Mar 2021.
Charges
A charge with Axis Bank Limited amounted to Rs. 0.16 Cr with Charge ID 100430768 was registered on 19 Mar 2021.
Charges
A charge registered on 08 Jan 2019 via Charge ID 100236942 with Hdfc Bank Limited was fully satisfied on 05 Mar 2021.
Charges
A charge with Hdfc Bank Limited of Rs. 0.66 Cr registered on 08 Jan 2019 with Charge ID 100236942 was modified on 17 Aug 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.66 Cr with Charge ID 100236942 was registered on 08 Jan 2019.
Charges
A charge registered on 13 May 2014 via Charge ID 10518928 with Bank Of Maharashtra was fully satisfied on 27 Nov 2018.
7 earlier events are in the company report.
Frequently asked questions
Hiver Aircon is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 19 June 2013 (13+ years old) and is registered under CIN U31500MH2013PTC244687.
Hiver Aircon has 2 current directors:
- Shivaji Eknath Darade - Director
- Shobha Shivaji Darade - Director
The latest financial statements of Hiver Aircon on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Hiver Aircon is 27AADCH2014H1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Hiver Aircon is U31500MH2013PTC244687. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hiver Aircon has 3 court cases on record: 3 filed by the company. 2 are pending.
Hiver Aircon was incorporated on 19 June 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Hiver Aircon has 2 deals on record (2 rights issues); the latest was in July 2018.
Aruna Ashok Sanap ceased to be Director on 28 Sep 2022. Sharad Eknath Darade ceased to be Additional Director on 29 Sep 2018. Suresh Murlidhar Kakad ceased to be Additional Director on 29 Sep 2018. Hiver Aircon has 5 board changes on record in total.
Yes, Hiver Aircon is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0004807).
Hiver Aircon has 3 MSME Form 1 returns on record between 2019 and 2021, listing 18 overdue payments to 13 micro and small suppliers. The latest return was filed on 29 Jun 2021.