About Trane Technologies India Private Limited
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Trane Technologies India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Industrial Chill Servicing Private Limited. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 09 October 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U24233KA1996PTC093425. Its GSTIN is 29AACCS9663E2ZY (Karnataka). The company holds 14 GST registrations, of which 9 are active.
The company has an authorised share capital of ₹33.34 Cr and a paid-up capital of ₹1.29 Cr. It was formerly known as Ingersoll - Rand Climate Solutions Private Limited and Shree Lokanath Pharmaceuticals Private Limited. It is led by directors Kishor Balu Patil and Govind Prasad Gupta.
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 8th Floor Tower D Ibc Knowledge Park No. 4/1 Bannerghatta Main Road, Bangalore, Karnataka, India – 560029.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,194.8 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹119.25 Cr (net margin 10%) and EBITDA of ₹182 Cr (EBITDA margin 15.2%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years and 30% over five years.
The company has about 315 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Trane Technologies and Trane. Court records list 35 cases involving the company, including 16 filed by the company and 19 filed against it; 12 cases are pending. The company has 3 deals on record (1 funding round, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹181.01 Cr; the latest was in January 2024. The company has 14 MSME Form 1 returns on record between 2019 and 2024, listing 496 overdue payments to 98 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website trane.com.
Company details
Name history
Trane Technologies India has undergone 3 name changes throughout its history. The company was previously known as Ingersoll - Rand Climate Solutions Private Limited, Shree Lokanath Pharmaceuticals Private Limited, and Service First Aircon Pvt Limited. The current legal name is Trane Technologies India Private Limited.
| Company Name | Status |
|---|---|
| Trane Technologies India Private Limited | Current |
| Ingersoll - Rand Climate Solutions Private Limited | Previous |
| Shree Lokanath Pharmaceuticals Private Limited | Previous |
| Service First Aircon Pvt Limited | Previous |
CIN history
Trane Technologies India has one previous CIN (Corporate Identification Number): U24233MH1996PTC162322. The current CIN is U24233KA1996PTC093425, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24233KA1996PTC093425 | Current |
| U24233MH1996PTC162322 | Previous |
Contact details
Trane Technologies India Private Limited's registered office is in Bangalore, Karnataka. Its website is trane.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address8th Floor Tower D Ibc Knowledge Park No. 4/1 Bannerghatta Main Road, Bangalore, Karnataka, India – 560029
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Trane Technologies India 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
Trane Technologies India operates two associated brands: Trane Technologies and Trane. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| HVAC and refrigeration systems are designed, manufactured, and sold worldwide. | tranetechnologies.com | |
| Trane is recognized for providing HVAC solutions globally. | trane.com |
Financials of Trane Technologies India Private Limited
FY 2025 filings availableTrane Technologies India Private Limited reported revenue of ₹1,194.8 Cr (up 31% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 31% growth in the latest year. EBITDA rose 22% 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 |
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| EBITDA | ₹182 Cr | ||||
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| Net Profit (PAT) | ₹119.25 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 15.2% | ||||
| Net Profit Margin | 10% | ||||
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To see the full financial statements and ratios of Trane Technologies India Private Limited, buy the company report.
Board of directors of Trane Technologies India Private Limited
Trane Technologies India has 2 current directors and 12 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kishor Balu Patil | Director | 12 Feb 2020 | 6 Years 8 Months | Current |
| Govind Prasad Gupta | Director | 19 Apr 2024 | 2 Years 6 Months | Current |
Auditor
Trane Technologies India Private Limited is audited by Price Waterhouse & Co Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse & Co Chartered Accountants LLP | FY 2023 | 304026E/E-300009 |
Shareholding
The shareholding of Trane Technologies India 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 Trane Technologies India Private Limited, buy the company report.
Deals & funding
Trane Technologies India Private Limited has 3 deals on record (1 funding round, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹181.01 Cr; the latest was in January 2024.
Deals on record (2 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2024 | Secondary share transfer | Undisclosed | Buyer: Trane Tecnologies European Holding Company Bv Seller: Trane Technologies Lux International Holding Company S.a.r.l. |
| Mar 2013 | Funding round | ₹10.7 Lakh | Investors: Trane Airconditioning Pte Limited, Thermo King Corporation |
To see the full deal history of Trane Technologies India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Trane Technologies India Private Limited has 35 court cases on record: 16 filed by Trane Technologies India, 19 filed against it. 12 cases are pending and 23 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 12 | 9 |
| High courts | 9 | 6 | 2 |
| NCLT | 3 | 1 | 0 |
| NCLAT | 1 | 0 | 1 |
Cases on record (5 of 35)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Commercial suit | Filed against the company by Dhruv Industries Limited Through Its Ar | Pending |
| District court, South East, Delhi | Commercial suit | Filed by the company against M/S Heinrich Corporation India Private Limited | Pending |
| High Court of Karnataka | Writ petition | Filed against the company by Rock Forest Components India Pvt Ltd | Pending |
| District court, East, Delhi | Commercial suit | Filed by the company against Noida Cyberpark Private Limited | Pending |
| NCLAT, NCLAT Chennai | Interim or miscellaneous application | Filed by the company against Prajay Engineers Syndicate Limited | Pending |
To see the full case history of Trane Technologies India 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
Trane Technologies India Private Limited has 14 MSME Form 1 returns on record between 2019 and 2024, listing 496 overdue payments to 98 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 98)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Classic Clearing and Forwarding Private Limited | |||
| Stanship Logistics Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Trane Technologies India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Trane Technologies India Private Limited has a workforce of 315 employees on its EPFO records as of Mar 29, 2024, across 1 active EPFO establishment.
GST
Trane Technologies India has 14 GST registrations: 9 active and 5 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCS9663E2ZY | Karnataka | Active | 07 Jul 2017 |
| 06AACCS9663E1Z7 | Haryana | Active | 01 Jul 2017 |
| 07AACCS9663E1Z5 | Delhi | Active | 01 Jul 2017 |
| 19AACCS9663E1Z0 | West Bengal | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Trane Technologies India Private Limited, buy the company report.
Recent activity
Trane Technologies India Private Limited has 14 board changes on record since 2008: 2 appointments and 12 cessations. The latest: Govind Prasad Gupta ceased to be Additional Director on 26 Sep 2024.
5 earlier events are in the company report.
News
Frequently asked questions
Trane Technologies India is an active private limited company based in Bangalore, Karnataka, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 09 October 1995 (31+ years old) and is registered under CIN U24233KA1996PTC093425.
Trane Technologies India has 2 current directors:
- Kishor Balu Patil - Director
- Govind Prasad Gupta - Director
The latest financial statements of Trane Technologies India 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 Trane Technologies India is 29AACCS9663E2ZY, registered in Karnataka. The company has 14 GST registrations in all, of which 9 are active and 5 are cancelled or inactive. Other active GSTINs include 06AACCS9663E1Z7 (Haryana), 07AACCS9663E1Z5 (Delhi), 19AACCS9663E1Z0 (West Bengal).
The CIN (Corporate Identification Number) of Trane Technologies India is U24233KA1996PTC093425. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Trane Technologies India has 35 court cases on record: 16 filed by the company and 19 filed against it. 12 are pending. Most are in the district courts.
Trane Technologies India was incorporated on 09 October 1995, making it 31+ years old. It is registered with the Registrar of Companies, Bangalore.
Trane Technologies India has 3 deals on record (1 funding round, 1 convertible or debt financing, 1 secondary share transfer), with disclosed funding of ₹181.01 Cr; the latest was in January 2024.
Govind Prasad Gupta ceased to be Additional Director on 26 Sep 2024. Upasana Prasad ceased to be Additional Director on 20 Apr 2024. Govind Prasad Gupta was appointed as Director on 19 Apr 2024. Trane Technologies India has 14 board changes on record in total.
Trane Technologies India has 14 MSME Form 1 returns on record between 2019 and 2024, listing 496 overdue payments to 98 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Trane Technologies India can be reached through the website trane.com. Its registered office is in Bangalore, Karnataka, India.