About Danfoss Systems Limited
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Danfoss Systems Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Danfoss Fluid Power Private Limited. It operates in the hydraulic machinery and equipment segment of the machinery and industrial equipment sector. It was incorporated on 18 November 1965 and has been in existence for over 61 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29120PN1965PTC015850. Its GSTIN is 27AAACV8426E1ZB (Maharashtra). The company holds 8 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹15.5 Cr and a paid-up capital of ₹6.8 Cr. It was formerly known as Vickers Systems International Limited and Eaton Fluid Power Limited. It is led by directors including Akshay Bhalchandra Purandare and Prajakta Prakash Kulkarni.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 145, Mumbai Pune Road Pimpri Pune, Maharashtra, India – 411018.
As per the financials filed for FY 2025, the company reported a revenue of ₹521.01 Cr. For the same year it recorded a net profit of ₹6.27 Cr (net margin 1.2%) and EBITDA of ₹22.67 Cr (EBITDA margin 4.4%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 7% over five years.
The company has about 227 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹12 Cr on record. Court records list 25 cases involving the company, including 10 filed by the company and 15 filed against it; 6 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 danfoss.com.
Company details
Name history
Danfoss Systems has undergone 2 name changes throughout its history. The company was previously known as Vickers Systems International Limited, and Eaton Fluid Power Limited. The current legal name is Danfoss Systems Limited.
| Company Name | Status |
|---|---|
| Danfoss Systems Limited | Current |
| Vickers Systems International Limited | Previous |
| Eaton Fluid Power Limited | Previous |
CIN history
Danfoss Systems has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U29120PN1965PTC015850, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29120PN1965PTC015850 | Current |
| U29120PN1965PLC015850 | Previous |
| L29120PN1965PLC015850 | Previous |
Contact details
Danfoss Systems Limited's registered office is in Pune, Maharashtra.
- Social Media
- Registered Address145, Mumbai Pune Road Pimpri Pune, Maharashtra, India – 411018
- IndustryMachinery and Equipment, Hydraulic Machinery & Equipment
- 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 Danfoss Systems are manufacturing and trade. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities and retail trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | |
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Danfoss Systems Limited, buy the company report.
Financials of Danfoss Systems Limited
FY 2025 filings availableDanfoss Systems Limited reported revenue of ₹521.01 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years. EBITDA fell 50% 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 | ₹22.67 Cr | ||||
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| Net Profit (PAT) | ₹6.27 Cr | ||||
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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 | 4.4% | ||||
| Net Profit Margin | 1.2% | ||||
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To see the full financial statements and ratios of Danfoss Systems Limited, buy the company report.
Board of directors of Danfoss Systems Limited
Danfoss Systems has 6 current directors and 34 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akshay Bhalchandra Purandare Also directs: Kirtane & Pandit LLP | Director | 19 Jul 2023 | 3 Years 3 Months | Current |
| Prajakta Prakash Kulkarni Also directs: Simplifera Consulting Private Limited, Xratos Labs Private Limited, Rocklobster Games Private Limited and 2 more | Director | 10 Nov 2017 | 8 Years 11 Months | Current |
| Torben Jessen Christensen | Director | 02 Aug 2021 | 5 Years 2 Months | Current |
| Anders Stahlschmidt | Director | 02 Aug 2021 | 5 Years 2 Months | Current |
| Binu Antony Kuttickatt | Director | 24 May 2023 | 3 Years 5 Months | Current |
| Ravichandran Purushothaman Also directs: KMC Speciality Hospitals (India) Limited, Danfoss Powerneu Private Limited, Danfoss Industries Private Limited and 3 more | Director | 02 Aug 2021 | 5 Years 2 Months | Current |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 May 2005 | 90087305 | Industrial Development Bank of India Ltd. | ₹12 Cr | Satisfied |
To see the full charge records of Danfoss Systems Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Danfoss Systems Limited has 25 court cases on record: 10 filed by Danfoss Systems, 15 filed against it. 6 cases are pending and 19 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 19 | 14 | 5 |
| District courts | 6 | 1 | 1 |
Cases on record (5 of 25)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TAMIL NADU | Court case (COMP.A) | Filed against the company by M/S.Maha Hydraulics Pvt Ltd M/S.S.P.S.Buddhan, 9445193127 | Disposed |
| District court, Visakapatnam, Andhra Pradesh | Court case (COS) | Filed by the company against M/S. Felguera Gruas India Pvt. Ltd | Disposed |
| High Court, TAMIL NADU | Court case (COMP.A) | Filed by the company against M/S.Maha Hydraulics Pvt.Ltd., | Disposed |
| High Court, TAMIL NADU | Company petition | Filed by the company against M/S.Maha Hydraulics Pvt Ltd | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by Beck India Ltd | Disposed |
To see the full case history of Danfoss 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Danfoss Systems Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Danfoss Systems has 8 GST registrations: 5 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACV8426E1ZB | Maharashtra | Active | 01 Jul 2017 |
| 29AAACV8426E1Z7 | Karnataka | Active | 28 Sep 2017 |
| 07AAACV8426E1ZD | Delhi | Active | 29 Sep 2017 |
| 33AAACV8426E1ZI | Tamil Nadu | Active | 10 Oct 2017 |
To see the full GST registrations and return filing status of Danfoss Systems Limited, buy the company report.
Recent activity
Danfoss Systems Limited has 39 board changes on record since 2006: 6 appointments and 33 cessations. The latest: Akshay Bhalchandra Purandare ceased to be Additional Director on 28 Sep 2023.
32 earlier events are in the company report.
News
Frequently asked questions
Danfoss Systems is an active public limited company based in Pune, Maharashtra, India. The company works in hydraulic machinery and equipment, within the machinery and equipment industry. It was incorporated on 18 November 1965 (61+ years old) and is registered under CIN U29120PN1965PTC015850.
Danfoss Systems has 6 current directors:
- Akshay Bhalchandra Purandare - Director
- Prajakta Prakash Kulkarni - Director
- Torben Jessen Christensen - Director
- Anders Stahlschmidt - Director
- Binu Antony Kuttickatt - Director
- Ravichandran Purushothaman - Director
The latest financial statements of Danfoss Systems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Danfoss Systems is 27AAACV8426E1ZB, registered in Maharashtra. The company has 8 GST registrations in all, of which 5 are active and 3 are cancelled or inactive. Other active GSTINs include 29AAACV8426E1Z7 (Karnataka), 07AAACV8426E1ZD (Delhi), 33AAACV8426E1ZI (Tamil Nadu).
The CIN (Corporate Identification Number) of Danfoss Systems is U29120PN1965PTC015850. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Danfoss Systems has 25 court cases on record: 10 filed by the company and 15 filed against it. 6 are pending. Most are in the high courts.
Danfoss Systems was incorporated on 18 November 1965, making it 61+ years old. It is registered with the Registrar of Companies, Pune.
Akshay Bhalchandra Purandare ceased to be Additional Director on 28 Sep 2023. Binu Antony Kuttickatt ceased to be Additional Director on 28 Sep 2023. Akshay Bhalchandra Purandare was appointed as Director on 19 Jul 2023. Danfoss Systems has 39 board changes on record in total.
Danfoss Systems can be reached through the website danfoss.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Danfoss Systems is at 145, Mumbai Pune Road Pimpri Pune, Maharashtra, India – 411018.
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