About Pine Air Private Limited
Data last updated:
Pine Air Private Limited is a private limited company based in New, Delhi, India. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 23 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U45400DL2010PTC201942. Its GSTIN is 07AAFCP4344L1Z6 (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5.5 Lakh and a paid-up capital of ₹4.34 Lakh. It is led by directors Manish Korpal (Whole-Time Director) and Nivedita Korpal.
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 128 D Pocket 6 Mig Flat Mayur Vihar Phase 3, New, Delhi, India – 110096.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.31 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹28.14 Lakh (net margin 6.5%) and EBITDA of ₹42.68 Lakh (EBITDA margin 9.9%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years and 3% over five years.
The company is associated with 1 brand: Pine Air. As per MCA filings, the company has open charges of ₹12.14 Lakh and satisfied charges of ₹7.65 Lakh on record. Court records list 9 cases involving the company, including 7 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pineair.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address128 D Pocket 6 Mig Flat Mayur Vihar Phase 3, New, Delhi, India – 110096
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
- 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
- One PDF report, delivered after checkout
Business Activity of Pine Air Private Limited
The main business activity of Pine Air is trade. In detail, this covers wholesale trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Pine Air Private Limited FY 2025 filings available
Pine Air Private Limited reported revenue of ₹4.31 Cr (down 14% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Pine Air Private Limited
Revenue fell 14% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 3%. EBITDA rose 2% 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 of Pine Air Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹42.68 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹28.14 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Pine Air Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 6.5% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Pine Air are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Pine Air Private Limited
Pine Air Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Compressors). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hallmark Compressor Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| S.S.Lifestyle Private Limited | •••• | •••• | •••• | •••• | - | Dadar, Maharashtra, India |
| Vatanucool Engineers Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Air Flow Cooltech Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| J K Mining Tools Private Limited | •••• | •••• | •••• | •••• | - | Howrah, West Bengal, India |
| Pine Air Private Limited this company | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Delhi Cryogenic Products Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Landmark Aircon Technologies Private Limited | •••• | •••• | •••• | •••• | - | Gautam Buddha Nagar, Uttar Pradesh, India |
| Cga Air Tech Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Lotus Airtech Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Glacier Systems India Private Limited | •••• | •••• | •••• | •••• | 24 | Thiruvanthapuram, Kerala, India |
Peers are the five companies nearest above and the five nearest below Pine Air by revenue in the Machinery and Equipment industry (Compressors), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Pine Air Private Limited
Pine Air Private Limited is audited by VANSH GULATI & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VANSH GULATI & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Pine Air Private Limited
Pine Air has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nivedita Korpal | Director | 23 Apr 2010 | 16 Years 5 Months | Current |
| Manish Korpal | Whole-Time Director | 23 Apr 2010 | 16 Years 5 Months | Current |
Ownership and Shareholding of Pine Air Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Pine Air Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Jan 2025 | Indian Overseas Bank | ₹6 Lakh | Open |
| 07 Sep 2020 | Others | ₹57,150 | Open |
| 07 Sep 2020 | Others | ₹57,150 | Open |
| 07 Sep 2020 | Others | ₹5 Lakh | Open |
| 21 Nov 2013 | Indian Overseas Bank | ₹7.65 Lakh | Satisfied |
Total charge records: 5 View all charges
Legal Cases of Pine Air Private Limited
Pine Air Private Limited has 9 court cases on record: 7 filed by Pine Air, 2 filed against it. All cases are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 9 | 2 | 0 |
Cases on record (5 of 9)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, East, Delhi | Criminal case | Filed by the company against Ssa Projects Private Limited | Disposed |
| District court, East, Delhi | Criminal case | Filed by the company against Tanya Airconditioning Private Limited | Disposed |
| District court, South, Delhi | Civil suit | Filed against the company by State | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P | Disposed |
| District court, East, Delhi | Court case (Civ Suit) | Filed by the company against an individual | Disposed |
Full case history
All 9 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Pine Air Private Limited
Pine Air operates one associated brand: Pine Air. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| HVAC manufacturing and supplying services in India. | pineair.in |
Employees and EPFO Compliance at Pine Air Private Limited
Employment history and EPFO contributions of people linked to Pine Air.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Pine Air Private Limited
Pine Air Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Manish Korpal was appointed as Whole-Time Director on 23 Apr 2010.
Credit Ratings, Litigation & Regulatory Alerts for Pine Air Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Pine Air Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Pine Air Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Pine Air Private Limited
Pine Air has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAFCP4344L1Z6 | Delhi | Active | 01 Jul 2017 |
| 09AAFCP4344L1Z2 | Uttar Pradesh | Active | 24 Oct 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Pine Air Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Pine Air Private Limited
Pine Air is an active private limited company based in New, Delhi, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 23 April 2010 (16+ years old) and is registered under CIN U45400DL2010PTC201942.
Pine Air reported revenue of ₹4.31 Cr for FY 2025 (down 14% YoY).
Pine Air has 2 current directors:
- Manish Korpal - Whole-Time Director
- Nivedita Korpal - Director
Pine Air reported a net profit of ₹28.14 Lakh (net margin 6.5%) and EBITDA of ₹42.68 Lakh (EBITDA margin 9.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Pine Air is 1% over three years and 3% over five years. In the latest year (FY 2025) revenue fell 14%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Pine Air is 07AAFCP4344L1Z6, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 09AAFCP4344L1Z2 (Uttar Pradesh).
The CIN (Corporate Identification Number) of Pine Air is U45400DL2010PTC201942. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pine Air has 9 court cases on record: 7 filed by the company and 2 filed against it.
Pine Air was incorporated on 23 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Pine Air by revenue are Hallmark Compressor Private Limited, S.S.Lifestyle Private Limited, Vatanucool Engineers Private Limited, Air Flow Cooltech Private Limited, J K Mining Tools Private Limited and 5 more, all in the Machinery and Equipment industry (Compressors).
Manish Korpal was appointed as Whole-Time Director on 23 Apr 2010. Nivedita Korpal was appointed as Director on 23 Apr 2010.