MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-26-0027456
HRS Process Systems Limited - machinery and equipment in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹194.39 Cr
▼ 32% YoY
Net profit · FY 2025
₹17.28 Cr
Net margin 8.9%
EBITDA · FY 2025
₹27.8 Cr
EBITDA margin 14.3%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹54.56 Lakh
Issued & subscribed
Open charges
₹36 Cr
Satisfied ₹38.78 Cr
Company age
23 yrs
Est. 2003
Employees · EPFO
192
Provident fund records
About HRS Process Systems Limited
Data last updated:
HRS Process Systems Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Hrs International Limited. It operates in the process machinery and industrial equipment segment of the machinery and industrial equipment sector. It was incorporated on 01 April 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29198PN2003PLC017846. Its GSTIN is 27AABCH2679G1ZH (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹54.56 Lakh. It was formerly known as Hrs Process Systems Private Limited. It is led by directors including Rajendra Kantrao Dawkar (Whole-Time Director) and Naresh Ramjilal Agarwal (Whole-Time Director).
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 3rd Floor Kalpataru Infinia F.P. No. 21, Old Mumbai – Pune Highway Wakdewadi Shivajinagar Pune, Maharashtra, India – 411005.
As per the financials filed for FY 2025, the company reported a revenue of ₹194.39 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹17.28 Cr (net margin 8.9%) and EBITDA of ₹27.8 Cr (EBITDA margin 14.3%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 5% over five years.
The company has about 192 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: HRS Process Systems. As per MCA filings, the company has open charges of ₹36 Cr and satisfied charges of ₹38.78 Cr on record. Court records list 29 cases involving the company, including 27 filed by the company and 2 filed against it; 2 cases are pending. The company has 2 deals on record (2 secondary share transfers); the latest was in March 2022. Its 3 peer companies in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 1 smaller; the largest is Nu-Vu Conair Private Limited with revenue of ₹207.51 Cr. The company has 4 MSME Form 1 returns on record between 2021 and 2024, listing 14 overdue payments to 4 micro and small suppliers.
HRS Process Systems Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0027456). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website hrsasia.co.in.
Company details
CIN U29198PN2003PLC017846
Registration Number 017846
Incorporation Date 01 April 2003
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Hrs International Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-26-0027456
CIN history
HRS Process Systems has one previous CIN (Corporate Identification Number): U29198PN2003PTC017846. The current CIN is U29198PN2003PLC017846, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29198PN2003PLC017846 | Current |
| U29198PN2003PTC017846 | Previous |
Key People
Rajendra Kantrao Dawkar Whole-Time Director Naresh Ramjilal Agarwal Whole-Time Director Sanjay Tulashiram Jadhav Whole-Time Director Recognitions & Rankings of HRS Process Systems
Contact details
HRS Process Systems Limited's registered office is in Pune, Maharashtra. Its website is hrsasia.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address3rd Floor Kalpataru Infinia F.P. No. 21, Old Mumbai – Pune Highway Wakdewadi Shivajinagar Pune, Maharashtra, India – 411005
- IndustryMachinery and Equipment, Process Machinery & Industrial Equipment
To see the full contact details of HRS Process Systems Limited, buy the company report.
Comprehensive company report
HRS Process Systems 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
Brands
HRS Process Systems operates one associated brand: HRS Process Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Heat exchanger manufacturing and food processing systems in India. | hrsasia.co.in |
Business activity
The main business activity of HRS Process Systems 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 HRS Process Systems Limited, buy the company report.
Financials of HRS Process Systems Limited
FY 2025 filings availableHRS Process Systems Limited reported revenue of ₹194.39 Cr (down 32% YoY) for FY 2025.
Revenue · FY 2025
₹194.39 Cr ▼ 32%
Net profit · FY 2025
₹17.28 Cr margin 8.9%
EBITDA · FY 2025
₹27.8 Cr margin 14.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 32%
3 years · compounded
▲ 2%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 45%
3 years · compounded
▲ 4%
5 years · compounded
▲ 8%
Revenue fell 32% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 45% 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 | ₹194.39 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹27.8 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹17.28 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 14.3% | ||||
| Net Profit Margin | 8.9% | ||||
| 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 HRS Process Systems Limited, buy the company report.
Board of directors of HRS Process Systems Limited
HRS Process Systems has 8 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajendra Kantrao Dawkar | Whole-Time Director | 24 Mar 2009 | 17 Years 6 Months | Current |
| Vikas Yashwant Khare Also directs: Kanj & Co. LLP, C-Ace Governance Solutions Private Limited | Director | 08 Mar 2019 | 7 Years 7 Months | Current |
| Vasudeo Murlidhar Yadwad | Director | 08 Mar 2019 | 7 Years 7 Months | Current |
| Naresh Ramjilal Agarwal | Whole-Time Director | 01 Oct 2018 | 8 Years 0 Months | Current |
| John Allen Thomas | Director | 20 Jul 2021 | 5 Years 3 Months | Current |
| David Simon Williamson | Director | 20 Jul 2021 | 5 Years 3 Months | Current |
Showing 6 of 8 current directors. View all directors
Peer comparison
HRS Process Systems Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Process Machinery), 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 |
|---|---|---|---|---|---|---|
| Nu-Vu Conair Private Limited | ₹207.51 Cr (FY 2025) | 16.0% | Ahmedabad, Gujarat, India | |||
| Acg Pharma Technologies Private Limited | ₹198.92 Cr (FY 2023) | -25.0% | Mumbai, Maharashtra, India | |||
| HRS Process Systems Limitedthis company | ₹194.39 Cr (FY 2025) | ₹17.28 Cr | 8.9% | -32.0% | 192 | Pune, Maharashtra, India |
| SKF Elixer India Private Limited | ₹194.26 Cr (FY 2025) | 33.0% | Mangalore, Karnataka, India |
To see the full peer comparison of HRS Process Systems Limited, buy the company report.
Auditor
HRS Process Systems Limited is audited by NANIWADEKAR & Co . for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NANIWADEKAR & Co . | FY 2023 | 106873W |
Shareholding
The shareholding of HRS Process Systems 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of HRS Process Systems Limited, buy the company report.
Charges & borrowings
Open charges
₹36 Cr
Satisfied charges
₹38.78 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Feb 2022 | 100537866 | The Hongkong and Shanghai Banking Corporation Limited | ₹36 Cr | Open | |
| 22 Nov 2006 | 10029876 | State Bank of India | ₹38.78 Cr | Satisfied |
To see the full charge records of HRS Process Systems Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
HRS Process Systems Limited has 2 deals on record (2 secondary share transfers); the latest was in March 2022.
Total deals
2
Secondary share transfers
2
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Secondary share transfer | Undisclosed | Buyer: Exchangers Industries UK Limited, an individual Seller: 2 individuals |
| Jan 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: HRS International Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
HRS Process Systems Limited has 29 court cases on record: 27 filed by HRS Process Systems, 2 filed against it. 2 cases are pending and 27 are disposed.
Total cases
29
Filed by the company
27
Filed against the company
2
Pending
2
Disposed
27
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 27 | 2 | 2 |
| High courts | 1 | 0 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 29)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Sarita Food Product Pvt Ltd | Pending |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Shreehari Associates Pvt. Ltd. | Pending |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Tropfruit Products Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Mysore Fruit Products Pvt Ltd and 1 other | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Mysore Fruit Products Pvt.Ltd. | Disposed |
To see the full case history of HRS Process Systems 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
HRS Process Systems Limited was last rated by Crisil on 22 Dec 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 22 Dec 2020 |
To see the full credit ratings and regulatory alerts of HRS Process Systems Limited, buy the company report.
MSME payment delays
HRS Process Systems Limited has 4 MSME Form 1 returns on record between 2021 and 2024, listing 14 overdue payments to 4 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 (4 of 4)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vihaan Corporation | |||
| Ashtavinayaka Technocrafts Private Limited | |||
| an individual supplier | |||
| Ratnadeep Metal and Tubes Limited |
To see the full MSME payment records of HRS Process Systems Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
HRS Process Systems Limited has a workforce of 192 employees on its EPFO records as of Jul 17, 2024, across 2 active EPFO establishments.
Employee count
192
Active EPFO establishments
2
Employee growth
24.68%
GST
HRS Process Systems has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCH2679G1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of HRS Process Systems Limited, buy the company report.
Recent activity
HRS Process Systems Limited has 21 board changes on record since 2009: 8 appointments and 13 cessations. The latest: Christoph Michel was appointed as Additional Director on 02 Feb 2026.
Appointed
Christoph Michel was appointed as Additional Director.
AGM
Hrs Process Systems Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Ceased
Sanjay Tulashiram Jadhav ceased to be Additional Director.
Appointed
Sanjay Tulashiram Jadhav was appointed as Whole-Time Director.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 36.00 Cr registered on 04 Feb 2022 with Charge ID 100537866 was modified on 09 May 2025.
Filing
Hrs Process Systems Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with The Hongkong And Shanghai Banking Corporation Limited amounted to Rs. 36.00 Cr with Charge ID 100537866 was registered on 04 Feb 2022.
Ceased
David Simon Williamson ceased to be Additional Director.
Ceased
John Allen Thomas ceased to be Additional Director.
Ceased
Mark El Baroudi ceased to be Additional Director.
Charges
A charge registered on 22 Nov 2006 via Charge ID 10029876 with State Bank Of India was fully satisfied on 23 Aug 2021.
Appointed
David Simon Williamson was appointed as Director.
17 earlier events are in the company report.
Frequently asked questions
HRS Process Systems is an active public limited company based in Pune, Maharashtra, India. The company works in process machinery and industrial equipment, within the machinery and equipment industry. It was incorporated on 01 April 2003 (23+ years old) and is registered under CIN U29198PN2003PLC017846.
HRS Process Systems has 8 current directors:
- Rajendra Kantrao Dawkar - Whole-Time Director
- Naresh Ramjilal Agarwal - Whole-Time Director
- Sanjay Tulashiram Jadhav - Whole-Time Director
- Vikas Yashwant Khare - Director
- Vasudeo Murlidhar Yadwad - Director
- John Allen Thomas - Director
- David Simon Williamson - Director
- Christoph Michel - Additional Director
The latest financial statements of HRS Process Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of HRS Process Systems is 27AABCH2679G1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of HRS Process Systems is U29198PN2003PLC017846. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
HRS Process Systems has 29 court cases on record: 27 filed by the company and 2 filed against it. 2 are pending. Most are in the district courts.
HRS Process Systems was incorporated on 01 April 2003, making it 23+ years old. It is registered with the Registrar of Companies, Pune.
HRS Process Systems has 2 deals on record (2 secondary share transfers); the latest was in March 2022.
The peers of HRS Process Systems by revenue are Nu-Vu Conair Private Limited, Acg Pharma Technologies Private Limited, SKF Elixer India Private Limited, all in the Machinery and Equipment industry (Process Machinery), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Christoph Michel was appointed as Additional Director on 02 Feb 2026. Sanjay Tulashiram Jadhav ceased to be Additional Director on 28 Sep 2025. Sanjay Tulashiram Jadhav was appointed as Whole-Time Director on 05 Sep 2025. HRS Process Systems has 21 board changes on record in total.
Yes, HRS Process Systems is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-26-0027456).
HRS Process Systems has 4 MSME Form 1 returns on record between 2021 and 2024, listing 14 overdue payments to 4 micro and small suppliers. The latest return was filed on 01 May 2024.