About TTP Technologies Private Limited
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TTP Technologies Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 21 September 1982 and has been in existence for over 44 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31909KA1982PTC004963. Its GSTIN is 29AAACT7188B1Z6 (Karnataka).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹2.49 Cr. It was formerly known as Thermal Transfer Products Pvt Ltd. It is led by directors including Mohandas Dejoo Shetty (Managing Director) and Mahesh Hegde (Whole-Time Director).
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,151.16 Cr, a growth of 34% compared to the previous year. For the same year it recorded a net profit of ₹179.69 Cr (net margin 15.6%) and EBITDA of ₹277.95 Cr (EBITDA margin 24.1%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 20% over five years.
The company has about 494 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹43 Cr and satisfied charges of ₹47.4 Cr on record. Court records list 41 cases involving the company, including 30 filed by the company and 11 filed against it; 10 cases are pending. The company has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹1.05 Cr; the latest was in August 2022. Its 7 peer companies in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 4 larger and 3 smaller; the largest is Atlanta Electricals Limited with revenue of ₹1,250.49 Cr. The company has 17 MSME Form 1 returns on record between 2018 and 2023, listing 3,572 overdue payments to 44 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 ttpradiators.com.
Company details
Contact details
TTP Technologies Private Limited's registered office is in Bangalore, Karnataka. Its website is ttpradiators.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address#486 'D' 4th Phase 13th Crosspeenya Indusstrial Area, Near Atlanta Pumps, Bangalore, Karnataka, India
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of TTP Technologies 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
Business activity
The main business activity of TTP Technologies 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 TTP Technologies Private Limited, buy the company report.
Financials of TTP Technologies Private Limited
FY 2024 filings availableTTP Technologies Private Limited reported revenue of ₹1,151.16 Cr (up 34% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 34% growth in the latest year. EBITDA rose 33% 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 | ₹277.95 Cr | ||||
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| Net Profit (PAT) | ₹179.69 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 | 24.1% | ||||
| Net Profit Margin | 15.6% | ||||
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To see the full financial statements and ratios of TTP Technologies Private Limited, buy the company report.
Board of directors of TTP Technologies Private Limited
TTP Technologies has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Hegde | Whole-Time Director | 27 Jun 2022 | 4 Years 3 Months | Current |
| Renee Mohandas Shetty | Director | 22 Sep 1982 | 44 Years 1 Months | Current |
| Hannah Mohandas Shetty | Whole-Time Director | 22 Sep 1982 | 44 Years 1 Months | Current |
| Malleshaiah Devarajaiah | Whole-Time Director | 31 Mar 1998 | 28 Years 6 Months | Current |
| Mohandas Dejoo Shetty | Managing Director | 22 Sep 1982 | 44 Years 1 Months | Current |
Peer comparison
TTP Technologies Private Limited is compared with the 7 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), 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 |
|---|---|---|---|---|---|---|
| Atlanta Electricals Limited | ₹1,250.49 Cr (FY 2025) | 43.0% | Anand, Gujarat, India | |||
| Nordex India Manufacturing Private Limited | ₹1,208.95 Cr (FY 2024) | 21.0% | Chennai, Tamil Nadu, India | |||
| Fuji Electric India Private Limited | ₹1,208.4 Cr (FY 2024) | 11.0% | Chennai, Tamil Nadu, India | |||
| Saatvik Solar Industries Private Limited | ₹1,186.92 Cr (FY 2025) | 31910.0% | Chandigarh, India | |||
| TTP Technologies Private Limitedthis company | ₹1,151.16 Cr (FY 2025) | ₹179.69 Cr | 15.6% | 34.0% | 494 | Bangalore, Karnataka, India |
| Ge Power India Limited | ₹1,118.39 Cr (FY 2025) | -1.0% | Mumbai, Maharashtra, India | |||
| Diamond Power Infrastructure Limited | ₹1,115.95 Cr (FY 2025) | 224.0% | Vadodara, Gujarat, India | |||
| Stelmec Limited | ₹1,047.3 Cr (FY 2025) | 38.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of TTP Technologies Private Limited, buy the company report.
Auditor
TTP Technologies Private Limited is audited by B. K. RAMADHYANI & CO LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B. K. RAMADHYANI & CO LLP | FY 2023 | 002878S/S200021 |
Shareholding
The shareholding of TTP Technologies 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 TTP Technologies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Mar 2024 | 100892425 | The Hongkong and Shanghai Banking Corporation Limited | ₹10 Cr | Open | |
| 10 Dec 2014 | 10549802 | Citi Bank N.A. | ₹15 Cr | Open | |
| 26 May 1995 | 80017903 | State Bank of India | ₹18 Cr | Open | |
| 17 Mar 2018 | 100268407 | Others | ₹10.19 Lakh | Satisfied | |
| 19 Apr 2017 | 100100896 | Others | ₹18.25 Lakh | Satisfied |
To see the full charge records of TTP Technologies Private Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
TTP Technologies Private Limited has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹1.05 Cr; the latest was in August 2022.
Deals on record (5 of 10)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Sep 2021 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: MPP Technologies Private Limited |
| Dec 2014 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 4 individuals |
| Dec 2007 | Secondary share transfer | Undisclosed | Buyer: MPP Technologies Private Limited , an individual Seller: 2 individuals |
To see the full deal history of TTP Technologies 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
TTP Technologies Private Limited has 41 court cases on record: 30 filed by TTP Technologies, 11 filed against it. 10 cases are pending and 31 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 27 | 5 | 7 |
| District courts | 14 | 6 | 3 |
Cases on record (5 of 41)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Karnataka | Writ petition | Filed by the company against MPP Technologies Private Limited and 1 other | Pending |
| District court, BENGALURU, Karnataka | Court case (Com.O.S.) | Filed by the company against Powerone Products Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Civil suit | Filed against the company by M S Neelkanth Bright Bars Pvt Ltd | Disposed |
| High Court of Karnataka | Court case (COP) | Filed against the company by M/S Neelkanth Bright Bars Pvt Ltd | Disposed |
| High Court of Karnataka | Arbitration matter | Filed by the company against an individual | Pending |
To see the full case history of TTP Technologies 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
TTP Technologies Private Limited was last rated by Icra on 18 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 18 Mar 2021 |
To see the full credit ratings and regulatory alerts of TTP Technologies Private Limited, buy the company report.
MSME payment delays
TTP Technologies Private Limited has 17 MSME Form 1 returns on record between 2018 and 2023, listing 3,572 overdue payments to 44 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 44)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Standard Screws Industrie | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of TTP Technologies Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
TTP Technologies Private Limited has a workforce of 494 employees on its EPFO records as of Mar 28, 2024, across 1 active EPFO establishment.
GST
TTP Technologies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACT7188B1Z6 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of TTP Technologies Private Limited, buy the company report.
Recent activity
TTP Technologies Private Limited has 10 board changes on record since 1982: 5 appointments and 5 cessations. The latest: Malleshaiah Devarajaiah ceased to be Director on 31 Aug 2024.
25 earlier events are in the company report.
Frequently asked questions
TTP Technologies is an active private limited company based in Bangalore, Karnataka, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 21 September 1982 (44+ years old) and is registered under CIN U31909KA1982PTC004963.
TTP Technologies has 5 current directors:
- Mohandas Dejoo Shetty - Managing Director
- Mahesh Hegde - Whole-Time Director
- Hannah Mohandas Shetty - Whole-Time Director
- Malleshaiah Devarajaiah - Whole-Time Director
- Renee Mohandas Shetty - Director
The latest financial statements of TTP Technologies 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 TTP Technologies is 29AAACT7188B1Z6, registered in Karnataka.
The CIN (Corporate Identification Number) of TTP Technologies is U31909KA1982PTC004963. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
TTP Technologies has 41 court cases on record: 30 filed by the company and 11 filed against it. 10 are pending. Most are in the high courts.
TTP Technologies was incorporated on 21 September 1982, making it 44+ years old. It is registered with the Registrar of Companies, Bangalore.
TTP Technologies has 10 deals on record (9 secondary share transfers, 1 funding round), with disclosed funding of ₹1.05 Cr; the latest was in August 2022.
The peers of TTP Technologies by revenue are Atlanta Electricals Limited, Nordex India Manufacturing Private Limited, Fuji Electric India Private Limited, Saatvik Solar Industries Private Limited, Ge Power India Limited and 2 more, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Malleshaiah Devarajaiah ceased to be Director on 31 Aug 2024. Hannah Mohandas Shetty ceased to be Director on 31 Mar 2024. Mahesh Hegde ceased to be Additional Director on 30 Sep 2022. TTP Technologies has 10 board changes on record in total.
TTP Technologies has 17 MSME Form 1 returns on record between 2018 and 2023, listing 3,572 overdue payments to 44 micro and small suppliers. The latest return was filed on 15 Dec 2023.
TTP Technologies can be reached through the website ttpradiators.com. Its registered office is in Bangalore, Karnataka, India.