About Carrier Technologies India Limited
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Carrier Technologies India Limited is a public limited foreign company incorporated in india based in Mumbai, Maharashtra, India, a subsidiary of Kidde International Ltd. It operates in the industrial maintenance and repair services segment of the engineering sector. It was incorporated on 06 May 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29193MH1981FLC024364. Its GSTIN is 27AAACV2873P1ZP (Maharashtra). The company holds 14 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹308 Cr and a paid-up capital of ₹306.84 Cr. It was formerly known as Vijay Fire Protection Systems Limited and Vijay Industries and Projects Limited. It is led by directors including Nanda Kishore Lakkaraju (Managing Director) and Shalini Singh (Whole-Time Director).
Its last annual general meeting (AGM) was held on 26 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Unit 4B 2nd Floor The Centrium Lal Bahadur Shashtri Marg Kurla West, Mumbai, Maharashtra, India – 400070.
As per the financials filed for FY 2025, the company reported a revenue of ₹798.48 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹141.93 Cr (net margin 17.8%) and EBITDA of ₹161.15 Cr (EBITDA margin 20.2%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 20% over five years.
The company has about 1,335 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹131.76 Cr on record. Court records list 57 cases involving the company, including 38 filed by the company and 19 filed against it; 2 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 carrier.com.
Company details
Name history
Carrier Technologies India has undergone 7 name changes throughout its history. The current legal name is Carrier Technologies India Limited.
| Company Name | Status |
|---|---|
| Carrier Technologies India Limited | Current |
| Vijay Fire Protection Systems Limited | Previous |
| Vijay Industries And Projects Limited | Previous |
| Kidde India Limited | Previous |
| Carrier Technology Solutions India Limited | Previous |
| Utc Fire & Security India Limited | Previous |
| Vijay Fire Protection Systems Private Limited | Previous |
CIN history
Carrier Technologies India has one previous CIN (Corporate Identification Number): U29193MH1981PLC024364. The current CIN is U29193MH1981FLC024364, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29193MH1981FLC024364 | Current |
| U29193MH1981PLC024364 | Previous |
Contact details
Carrier Technologies India Limited's registered office is in Mumbai, Maharashtra. Its website is carrier.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit 4B 2nd Floor The Centrium Lal Bahadur Shashtri Marg Kurla West, Mumbai, Maharashtra, India – 400070
- IndustryEngineering, Industrial Maintenance & Repair Services
To see the full contact details of Carrier Technologies India 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 activities of Carrier Technologies India are trade and professional, scientific and technical. In detail, this covers wholesale trading and scientific research and development. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | |
| M | Professional, Scientific and Technical | M5 | Scientific research and development |
To see the full business activity and turnover split of Carrier Technologies India Limited, buy the company report.
Financials of Carrier Technologies India Limited
FY 2024 filings availableCarrier Technologies India Limited reported revenue of ₹798.48 Cr (up 28% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 28% growth in the latest year. EBITDA rose 47% 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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| Total Expenses | |||||
| EBITDA | ₹161.15 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹141.93 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 20.2% | ||||
| Net Profit Margin | 17.8% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of Carrier Technologies India Limited, buy the company report.
Board of directors of Carrier Technologies India Limited
Carrier Technologies India has 6 current directors and 42 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shalini Singh | Whole-Time Director | 30 Aug 2022 | 4 Years 2 Months | Current |
| Pankaj Krishandev Mehta | Director | 13 Mar 2024 | 2 Years 7 Months | Current |
| Srinivasa Rao Perni | Whole-Time Director | 18 Mar 2024 | 2 Years 7 Months | Current |
| Nanda Kishore Lakkaraju | Managing Director | 11 Oct 2023 | 3 Years 0 Months | Current |
| Narendra Singh Sisodia | Director | 26 Jun 2024 | 2 Years 4 Months | Current |
| Mahesh Natarajan Also directs: Timelesshorizon LLP | Director | 26 Aug 2025 | 1 Years 2 Months | Current |
Peer comparison
Carrier Technologies India Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (IT Consulting and Services, Industrial Products Retail and Distribution), with the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Carrier Technologies India Limitedthis company | ₹798.48 Cr (FY 2025) | ₹141.93 Cr | 17.8% | 28.0% | 1,335 | Mumbai, Maharashtra, India |
| Brilyant IT Solutions Private Limited | ₹789.43 Cr (FY 2024) | 25.0% | Bangalore, Karnataka, India | |||
| Mitsui and Co India Private Limited | ₹787.35 Cr (FY 2025) | -3.0% | New Delhi, Delhi, India | |||
| Bloom Electronics Private Limited | ₹786.86 Cr (FY 2025) | 62.0% | Coimbatore, Tamil Nadu, India |
To see the full peer comparison of Carrier Technologies India Limited, buy the company report.
Auditor
Carrier Technologies India Limited is audited by M S K A & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M S K A & Associates | FY 2023 | 105047W |
Shareholding
The shareholding of Carrier Technologies India 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 Carrier Technologies India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 13 Mar 2002 | 90160087 | The Hongkong and Shanghai Banking Corporation Ltd | ₹27 Cr | Satisfied | |
| 13 Mar 2002 | 90242356 | The Hongkong and Shanghai Banking Ltd. | ₹27 Cr | Satisfied | |
| 15 Mar 2000 | 90159907 | The Shamrao Vithal Co-Op.Bank Ltd | ₹9.95 Lakh | Satisfied | |
| 24 Feb 1998 | 90159686 | Industrial Development Bank of India | ₹4 Cr | Satisfied | |
| 26 Mar 1997 | 90159597 | State Bank of India | ₹45.85 Cr | Satisfied |
To see the full charge records of Carrier Technologies India Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
Carrier Technologies India Limited has 57 court cases on record: 38 filed by Carrier Technologies India, 19 filed against it. 2 cases are pending and 55 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 37 | 6 | 1 |
| District courts | 16 | 13 | 1 |
| Supreme Court | 4 | 0 | 0 |
Cases on record (5 of 57)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (FAO(OS)) | Filed by the company against National Thermal Power Corporation Ltd. | Pending |
| District court, BENGALURU, Karnataka | Execution petition | Filed against the company by Official Liquidator of the Mysore Kirloskar Ltd (in Liqn) | Disposed |
| High Court of Karnataka | Court case (MFA) | Filed by the company against Mangalore Refinery and Petrochemicals Ltd. | Disposed |
| High Court of Delhi | Court case (O.M.P.) | Filed by the company against Bharat Heavy Electricals Ltd | Disposed |
| District court, Hyderabad CCC, Telangana | Criminal complaint | Filed by the company against Ms. Continental Hospitals Limited | Disposed |
To see the full case history of Carrier Technologies India 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
Carrier Technologies India Limited has 22 MSME Form 1 returns on record between 2012 and 2023, listing 772 overdue payments to 85 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 85)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| White Crow Research Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Intwine Electronics Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Carrier Technologies India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Carrier Technologies India Limited has a workforce of 1,335 employees on its EPFO records as of Apr 01, 2024, across 2 active EPFO establishments.
GST
Carrier Technologies India has 14 GST registrations: 5 active and 9 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV2873P1ZP | Maharashtra | Active | 01 Jul 2017 |
| 29AAACV2873P1ZL | Karnataka | Active | 01 Jul 2017 |
| 36AAACV2873P1ZQ | Telangana | Active | 01 Jul 2017 |
| 06AAACV2873P1ZT | Haryana | Active | 28 Mar 2023 |
To see the full GST registrations and return filing status of Carrier Technologies India Limited, buy the company report.
Recent activity
Carrier Technologies India Limited has 44 board changes on record since 2007: 6 appointments and 38 cessations. The latest: Mahesh Natarajan ceased to be Additional Director on 28 Sep 2025.
69 earlier events are in the company report.
News
Frequently asked questions
Carrier Technologies India is an active public limited foreign company incorporated in india based in Mumbai, Maharashtra, India. The company works in industrial maintenance and repair services, within the engineering industry. It was incorporated on 06 May 1981 (45+ years old) and is registered under CIN U29193MH1981FLC024364.
Carrier Technologies India has 6 current directors:
- Nanda Kishore Lakkaraju - Managing Director
- Shalini Singh - Whole-Time Director
- Srinivasa Rao Perni - Whole-Time Director
- Pankaj Krishandev Mehta - Director
- Narendra Singh Sisodia - Director
- Mahesh Natarajan - Director
The latest financial statements of Carrier Technologies India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 26 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Carrier Technologies India is 27AAACV2873P1ZP, registered in Maharashtra. The company has 14 GST registrations in all, of which 5 are active and 9 are cancelled or inactive. Other active GSTINs include 29AAACV2873P1ZL (Karnataka), 36AAACV2873P1ZQ (Telangana), 06AAACV2873P1ZT (Haryana).
The CIN (Corporate Identification Number) of Carrier Technologies India is U29193MH1981FLC024364. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Carrier Technologies India has 57 court cases on record: 38 filed by the company and 19 filed against it. 2 are pending. Most are in the high courts.
Carrier Technologies India was incorporated on 06 May 1981, making it 45+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Carrier Technologies India by revenue are Brilyant IT Solutions Private Limited, Mitsui and Co India Private Limited, Bloom Electronics Private Limited, all in the Machinery and Equipment industry (IT Consulting and Services, Industrial Products Retail and Distribution), with the same principal business activity (wholesale trading).
Mahesh Natarajan ceased to be Additional Director on 28 Sep 2025. Mahesh Natarajan was appointed as Director on 26 Aug 2025. Cherukuri Srinivasa Rao ceased to be CFO on 21 Aug 2025. Carrier Technologies India has 44 board changes on record in total.
Carrier Technologies India has 22 MSME Form 1 returns on record between 2012 and 2023, listing 772 overdue payments to 85 micro and small suppliers. The latest return was filed on 16 Dec 2023.
Carrier Technologies India can be reached through the website carrier.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Carrier Technologies India is at Unit 4B 2nd Floor The Centrium Lal Bahadur Shashtri Marg Kurla West, Mumbai, Maharashtra, India – 400070.
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