MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-01-0032846
Zen Air Tech Private Limited - machinery and equipment in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹5.2 Cr
▼ 12% YoY
Net loss · FY 2024
₹1.41 Cr
Net margin -27.1%
EBITDA · FY 2024
-₹1.07 Cr
EBITDA margin -20.6%
Authorised capital
₹2.3 Cr
Registered with MCA
Paid-up capital
₹51.02 Lakh
Issued & subscribed
Open charges
₹1.25 Cr
Satisfied ₹2.09 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
30
Provident fund records
About Zen Air Tech Private Limited
Data last updated:
Zen Air Tech Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 08 June 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29190GJ2005PTC046205. Its GSTIN is 24AAACZ2323E1ZT (Gujarat).
The company has an authorised share capital of ₹2.3 Cr and a paid-up capital of ₹51.02 Lakh. It is led by directors including Vinodkumar Karsandas Panchal and Ashish Lakhotia Rajkumar.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.2 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net loss of ₹1.41 Cr (net margin -27.1%) and EBITDA of -₹1.07 Cr (EBITDA margin -20.6%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years and 12% over five years.
The company has about 30 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Zen Air. As per MCA filings, the company has open charges of ₹1.25 Cr and satisfied charges of ₹2.09 Cr on record. Court records list 34 cases involving the company, including 12 filed by the company and 22 filed against it; 8 cases are pending. The company has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹11 Lakh; the latest was in March 2012.
Zen Air Tech Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-01-0032846). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zenairtech.com.
Company details
CIN U29190GJ2005PTC046205
Registration Number 046205
Incorporation Date 08 June 2005
ROC Ahmedabad
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-GJ-01-0032846
Key People
Vinodkumar Karsandas Panchal Director Ashish Lakhotia Rajkumar Director Sunaina Lakhotia Director Recognitions & Rankings of Zen Air Tech
Contact details
Zen Air Tech Private Limited's registered office is in Ahmedabad, Gujarat. Its website is zenairtech.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressCm – 14 Siddheshwari Estate Near New Telephone Exchange G I D C Nar, Oda, Ahmedabad, Gujarat, India – 382330
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
To see the full contact details of Zen Air Tech Private Limited, buy the company report.
Comprehensive company report
Zen Air Tech 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
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Brands
Zen Air Tech operates one associated brand: ZEN AIR. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of air compressors, vacuum pumps, and accessories for industrial applications. | zenairtech.com |
Business activity
The main business activity of Zen Air Tech is manufacturing. In detail, this covers repair & installation of machinery & equipment, motor vehicles.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles |
To see the full business activity and turnover split of Zen Air Tech Private Limited, buy the company report.
Financials of Zen Air Tech Private Limited
FY 2024 filings availableZen Air Tech Private Limited reported revenue of ₹5.2 Cr (down 12% YoY) for FY 2024.
Revenue · FY 2024
₹5.2 Cr ▼ 12%
Net loss · FY 2024
₹1.41 Cr margin -27.1%
EBITDA · FY 2024
-₹1.07 Cr margin -20.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 12%
3 years · compounded
▲ 10%
5 years · compounded
▼ 12%
EBITDA CAGR growth
1 year
▼ 626%
3 years · compounded
▼ 90%
5 years · compounded
▼ 28%
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 12% fall in the latest year. EBITDA fell 626% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹1.07 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.41 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -20.6% | ||||
| Net Profit Margin | -27.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Zen Air Tech Private Limited, buy the company report.
Board of directors of Zen Air Tech Private Limited
Zen Air Tech has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinodkumar Karsandas Panchal | Director | 30 Jun 2007 | 19 Years 3 Months | Current |
| Ashish Lakhotia Rajkumar Also directs: Keerti Enterprises LLP, Good Health Enterprises LLP | Director | 12 Sep 2023 | 3 Years 1 Months | Current |
| Sunaina Lakhotia | Director | 12 Sep 2023 | 3 Years 1 Months | Current |
| Shrey Panchal | Director | 25 May 2023 | 3 Years 4 Months | Current |
Auditor
Zen Air Tech Private Limited is audited by S.N. SHAH AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.N. SHAH AND ASSOCIATES | FY 2023 | 109782WF |
Shareholding
The shareholding of Zen Air Tech 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 Zen Air Tech Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.25 Cr
Satisfied charges
₹2.09 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Oct 2011 | 10322800 | The Union Co-Operative Bank Limited | ₹1.25 Cr | Satisfied | |
| 17 Jul 2010 | 10233484 | The Cosmos Co.Operative Bank Ltd. | ₹50 Lakh | Satisfied | |
| 02 Mar 2009 | 10150548 | Central Bank of India | ₹17 Lakh | Satisfied | |
| 17 Mar 2006 | 80053070 | Central Bank of India | ₹17 Lakh | Satisfied |
To see the full charge records of Zen Air Tech Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Zen Air Tech Private Limited has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹11 Lakh; the latest was in March 2012.
Total deals
6
Secondary share transfers
5
Funding round
1
Disclosed funding
₹11 Lakh
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Dec 2010 | Funding round | ₹11 Lakh | Investors: 4 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Aug 2008 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
To see the full deal history of Zen Air Tech 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
Zen Air Tech Private Limited has 34 court cases on record: 12 filed by Zen Air Tech, 22 filed against it. 8 cases are pending and 26 are disposed.
Total cases
34
Filed by the company
12
Filed against the company
22
Pending
8
Disposed
26
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 32 | 22 | 8 |
| NCLT | 2 | 0 | 0 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed by the company against M/S. Sharma Pharmaceutical Pvt. Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Idfc First Bank Ltd | Disposed |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Aditya Birla Finance Limited | Disposed |
| District court, Ahmedabad, Gujarat | Court case (CR EN) | Filed against the company by Kotak Mahindra Bank Ltd | Disposed |
| District court, Surendranagar, Gujarat | Civil suit | Filed against the company by Windston Springs Pvt Ltd --Vtihitesh Kumar Jashvantray Bhat | Disposed |
To see the full case history of Zen Air Tech 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
No delayed payments to MSME suppliers are on our record for Zen Air Tech Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Zen Air Tech Private Limited has a workforce of 30 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
30
Active EPFO establishments
1
Employee growth
-3.23%
GST
Zen Air Tech has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAACZ2323E1ZT | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Zen Air Tech Private Limited, buy the company report.
Recent activity
Zen Air Tech Private Limited has 10 board changes on record since 2007: 4 appointments and 6 cessations. The latest: Ashish Lakhotia Rajkumar ceased to be Additional Director on 29 Sep 2024.
Charges
A charge registered on 21 Oct 2011 via Charge ID 10322800 with The Union Co-Operative Bank Limited was fully satisfied on 21 Apr 2025.
AGM
Zen Air Tech Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Ceased
Ashish Lakhotia Rajkumar ceased to be Additional Director.
Ceased
Sunaina Lakhotia ceased to be Additional Director.
Filing
Zen Air Tech Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Appointed
Ashish Lakhotia Rajkumar was appointed as Director.
Appointed
Sunaina Lakhotia was appointed as Director.
Ceased
Natverlal Karsanbhai Panchal ceased to be Director.
Appointed
Shrey Panchal was appointed as Director.
Ceased
Deepkumar Natvarlal Panchal ceased to be Director.
Ceased
Shrey Panchal ceased to be Director.
Charges
A charge with The Union Co-Operative Bank Limited of Rs. 1.25 Cr registered on 21 Oct 2011 with Charge ID 10322800 was modified on 10 Dec 2014.
11 earlier events are in the company report.
Frequently asked questions
Zen Air Tech is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 08 June 2005 (21+ years old) and is registered under CIN U29190GJ2005PTC046205.
Zen Air Tech has 4 current directors:
- Vinodkumar Karsandas Panchal - Director
- Ashish Lakhotia Rajkumar - Director
- Sunaina Lakhotia - Director
- Shrey Panchal - Director
The latest financial statements of Zen Air Tech 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 Zen Air Tech is 24AAACZ2323E1ZT, registered in Gujarat.
The CIN (Corporate Identification Number) of Zen Air Tech is U29190GJ2005PTC046205. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zen Air Tech has 34 court cases on record: 12 filed by the company and 22 filed against it. 8 are pending. Most are in the district courts.
Zen Air Tech was incorporated on 08 June 2005, making it 21+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Zen Air Tech has 6 deals on record (5 secondary share transfers, 1 funding round), with disclosed funding of ₹11 Lakh; the latest was in March 2012.
Ashish Lakhotia Rajkumar ceased to be Additional Director on 29 Sep 2024. Sunaina Lakhotia ceased to be Additional Director on 29 Sep 2024. Ashish Lakhotia Rajkumar was appointed as Director on 12 Sep 2023. Zen Air Tech has 10 board changes on record in total.
Yes, Zen Air Tech is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-01-0032846).