Patels Airtemp (India) Limited - Company Profile

It is a machinery and equipment public limited company based in Ahmedabad, Gujarat, India, established in 1992.

1992 Ahmedabad, Gujarat, India Active

Last Updated: February 18, 2026

About Patels Airtemp (India) Limited

Patels Airtemp (India) Limited, a active public limited company, was established on 10 June 1992 in Ahmedabad, Gujarat, India. Engaging in industrial machinery manufacturing within the manufacturing sector, it holds CIN: L29190GJ1992PLC017801. Registered under ROC Roc Ahmedabad. it is listed on BSE: 517417. It has an authorized capital of ₹7.00 Cr and a paid-up capital of ₹5.47 Cr.

It upholds a compliant status. In 2023, it reported revenue of ₹282.80 Cr and a net worth of ₹129.62 Cr. Employing 194 professional, Its leadership includes Apurva Vinubhai Shah (Whole-Time Director), Rajendrakumar Chaturbhai Patel (Director), Shivang Prakashchandra Patel (Whole-Time Director). Past directors included Mahendra Natverlal Soni, Apurva Vinubhai Shah, Rajendrakumar Chaturbhai Patel. It holds ₹293.45 Cr open charges and ₹57.45 Cr settled loans. Its latest AGM occurred on 27 September 2025, with the balance sheet filed on 31 March 2025. It is based at 5Th Floor, Kalpana Complex, Near Memnagar Fire Sta Navrangpura,, Ahmedabad, Gujarat, 380009.

Company Details

CIN/LLPIN
L29190GJ1992PLC017801
Registration Number
017801
Incorporation Date
10 June 1992
Authorized Capital
₹7.00 Cr
Paid-Up Capital
₹5.47 Cr
ROC Code
Roc Ahmedabad
Listing Status
Listed (BSE: 517417)
Company Status
Active

Key Metrics

Authorised Capital ₹ 7.00 Cr as on 18-02-2026
Paid Up Capital ₹ 5.47 Cr as on 18-02-2026
Company Age 33 Year, 8 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 293.45 Cr as on 18-02-2026
Satisfied Charges ₹ 57.45 Cr as on 18-02-2026
Revenue Growth **** -7.08% (FY 2023)
Profit Growth **** -9.78% (FY 2023)
Ebitda **** 6.52% (FY 2023)
Net Worth 17.16% (FY 2023)
Total Assets **** 26.79% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Patels Airtemp (India) Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Patels Airtemp (India) Limited?

Current Directors

Name	Designation	Appointment Date	Status
Apurva Vinubhai Shah	Whole-Time Director	11 Aug 2018	Current
Rajendrakumar Chaturbhai Patel	Director	10 Aug 2019	Current
Shivang Prakashchandra Patel	Whole-Time Director	01 Jun 2019	Current
Sanjiv Narayanbhai Patel	Managing Director	30 Sep 2009	Current
Naimish Bhanuprasad Patel	Director	12 Aug 2023	Current
Nidhi Yash Patel	Director	29 Mar 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Company Secretary	10 Oct 2009	Past
Pramod Abcsdd	Additional Director	11 Aug 2018	Past
Pramod Abcsdd	Additional Director	28 Sep 2019	Past
Pramod Abcsdd	Whole-Time Director	14 Jul 2015	Past
Pramod Abcsdd	Whole-Time Director	20 May 2015	Past
Pramod Abcsdd	Director	27 Oct 2007	Past

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Financial Performance of Patels Airtemp (India).

Patels Airtemp (India) Limited, for the financial year ended 2023, experienced Minor drop in revenue, with a 7.08% decrease. The company also saw a slight decrease in profitability, with a 9.78% decrease in profit. The company's net worth Soared by an impressive increase of 17.16%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-7.08%

*******

Revenue from Operations

*******

-7.17%

*******

Total Assets

*******

26.79%

*******

Profit or Loss

*******

-9.78%

*******

Net Worth

*******

17.16%

*******

EBITDA

*******

6.52%

*******

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What is the Ownership and Shareholding Structure of Patels Airtemp (India)?

In 2023, Patels Airtemp (India) had a promoter holding of 46.45% and a public holding of 53.56%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹2,934,500,000.00

Satisfied Charges

₹574,500,000.00

Charges Breakdown by Lending Institutions

Others : 260.30 Cr
Bank Of Baroda : 29.90 Cr
Axis Bank Limited : 3.25 Cr

Latest Charge Details

Date	Lender	Amount	Status
07 Jan 2022	Axis Bank Limited	₹3.25 Cr	Open
31 Dec 2021	Others	₹10.92 Cr	Open
17 Jan 2015	Bank Of Baroda	₹6.00 Cr	Open
29 Sep 2014	Bank Of Baroda	₹7.00 M	Open
18 Jul 2012	Bank Of Baroda	₹8.50 Cr	Open

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How Many Employees Work at Patels Airtemp (India)?

Patels Airtemp (India) has a workforce of 194 employees as of Apr 04, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Patels Airtemp (India), offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Patels Airtemp (India)'s trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Patels Airtemp (India)

Recent Activity within the Organization

Annual General Meeting

Patels Airtemp (India) Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records. was recorded as a recent event.
27 Sep 2025
Charges

The activity A charge with Others of Rs. 249.38 Cr registered on 15 Apr 2004 with Charge ID 90103556 was modified on 28 Jul 2025. was completed.
28 Jul 2025
Balance Sheet

Patels Airtemp (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad. was recorded as a recent event.
31 Mar 2025
Director Appointment

The activity Nidhi Yash Patel was appointed as a Director was appointed as a Director on 29 Mar 2025 & has been associated with this company since 11 months 2 days . was completed.
29 Mar 2025
Director Appointment

Progress on Naimish Bhanuprasad Patel was appointed as a Director was appointed as a Director on 12 Aug 2023 & has been associated with this company since 2 years 6 months . was documented.
12 Aug 2023
Charges

A charge with Axis Bank Limited of Rs. 3.25 Cr registered on 07 Jan 2022 with Charge ID 100527423 was modified on 02 Mar 2022. was recorded as a recent event.
02 Mar 2022

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