About Quartet Thermal Engineering Pvt Ltd
Data last updated:
Quartet Thermal Engineering Pvt Ltd is a private limited company based in Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 31 May 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U99999MH1984PTC033037. Its GSTIN is 27AAACQ0125B1Z6 (Maharashtra).
The company has an authorised share capital of ₹2 Lakh and a paid-up capital of ₹1.65 Lakh. It is led by directors including Ashwini Ameya Dangi and Ravindra Gajanan Jog.
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 Ground Flr. Dhuru Terrace N.C.Kelkar Road Dadar Bombay, Maharashtra, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.05 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹4.26 Lakh (net margin 0.6%) and EBITDA of ₹6.44 Lakh (EBITDA margin 0.9%). Revenue has declined at a compounded annual rate (CAGR) of 36% over three years and 5% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹16.93 Lakh on record. Court records list 13 cases involving the company, including 6 filed by the company and 7 filed against it; 2 cases are pending.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website qtepl.net.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressGround Flr. Dhuru Terrace N.C.Kelkar Road Dadar Bombay, Maharashtra, India
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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 Quartet Thermal Engineering Pvt Ltd
The main business activity of Quartet Thermal Engineering is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale and retail trade and repair of motor vehicles and motorcycles.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 45 | Wholesale and retail trade and repair of motor vehicles and motorcycles | 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 Quartet Thermal Engineering Pvt Ltd FY 2025 filings available
Quartet Thermal Engineering Pvt Ltd reported revenue of ₹7.05 Cr (up 17% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Quartet Thermal Engineering Pvt Ltd
Revenue rose 17% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA rose 216% 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 Quartet Thermal Engineering Pvt Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹6.44 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4.26 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 Quartet Thermal Engineering Pvt Ltd
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.6% | •••• | •••• | •••• | •••• |
| 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 Quartet Thermal Engineering 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 Quartet Thermal Engineering Pvt Ltd
Quartet Thermal Engineering Pvt Ltd is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Smartech Innovations Private Limited | ₹7.07 Cr (FY 2024) | •••• | •••• | -34.0% | •••• | Vaghodia, Gujarat, India |
| Trustweld Engineers India Private Limited | ₹7.06 Cr (FY 2024) | •••• | •••• | 72.0% | •••• | Pune, Maharashtra, India |
| We4 Automation India (OPC) Private Limited | ₹7.06 Cr (FY 2025) | •••• | •••• | 623.0% | •••• | Gurugram, Haryana, India |
| Jyoti Process Equipments Private Limited | ₹7.05 Cr (FY 2024) | •••• | •••• | -25.0% | •••• | Mumbai, Maharashtra, India |
| Tarax Tech Private Limited | ₹7.05 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Ambala Cantt, Haryana, India |
| Quartet Thermal Engineering Pvt Ltd this company | ₹7.05 Cr (FY 2024) | •••• | •••• | 17.0% | •••• | Maharashtra, India |
| Nutec-Thermo Furnaces and Equipments Private Limited | ₹7.04 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Chennai, Tamil Nadu, India |
| Zaveri Brothers Silver Platers Private Limited | ₹7.03 Cr (FY 2024) | •••• | •••• | -3.0% | •••• | Mumbai, Maharashtra, India |
| Shailaum Machine Manufacturers Private Limited | ₹7.03 Cr (FY 2024) | •••• | •••• | 14.0% | •••• | New Delhi, Delhi, India |
| Alkion Photonics Private Limited | ₹7.03 Cr (FY 2025) | •••• | •••• | •••• | Surat, Gujarat, India | |
| Trymax Furnaces Private Limited | ₹7.01 Cr (FY 2025) | •••• | •••• | 307.0% | •••• | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Quartet Thermal Engineering by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Quartet Thermal Engineering Pvt Ltd
Quartet Thermal Engineering Pvt Ltd is audited by T.K.SHAH & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| T.K.SHAH & 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 Quartet Thermal Engineering Pvt Ltd
Quartet Thermal Engineering has 5 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashwini Ameya Dangi | Director | 08 Feb 2019 | 7 Years 8 Months | Current |
| Ravindra Gajanan Jog | Director | 31 May 1984 | 42 Years 4 Months | Current |
| Krishnaier Ramanathan | Director | 31 May 1984 | 42 Years 4 Months | Current |
| Rekha Dilip Nadkarni | Director | 08 Feb 2019 | 7 Years 8 Months | Current |
| Vishwas Dinkar Nadkarni | Director | 31 May 1984 | 42 Years 4 Months | Current |
Ownership and Shareholding of Quartet Thermal Engineering Pvt Ltd
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 Quartet Thermal Engineering Pvt Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 24 Jan 2014 | The Saraswat Co-Operative Bank Ltd. | ₹16.93 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Quartet Thermal Engineering Pvt Ltd
Quartet Thermal Engineering Pvt Ltd has 13 court cases on record: 6 filed by Quartet Thermal Engineering, 7 filed against it. 2 cases are pending and 11 are disposed. Status as checked between 30 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 8 | 5 | 1 |
| High courts | 5 | 2 | 1 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (LPETN) | Filed by the company against M P Steel (India) Limited | Pending |
| Bombay High Court | Court case (SJ) | Filed by the company against M P Steel (India) Limited | Disposed |
| Bombay High Court | Court case (SS) | Filed by the company against M P Steel (India) Limited | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed by the company against M P Steel (India) Limited | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed against the company by an individual | Pending |
Full case history
All 13 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.
Employees and EPFO Compliance at Quartet Thermal Engineering Pvt Ltd
Quartet Thermal Engineering Pvt Ltd has a workforce of 13 employees as of Apr 05, 2024.
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 Quartet Thermal Engineering Pvt Ltd
Quartet Thermal Engineering Pvt Ltd has 5 board changes on record since 1984: 5 appointments. The latest: Ashwini Ameya Dangi was appointed as Director on 08 Feb 2019.
Credit Ratings, Litigation & Regulatory Alerts for Quartet Thermal Engineering Pvt Ltd
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 Quartet Thermal Engineering Pvt Ltd
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 Quartet Thermal Engineering Pvt Ltd
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 Quartet Thermal Engineering Pvt Ltd
Quartet Thermal Engineering has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACQ0125B1Z6 | Maharashtra | Active | 01 Jul 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 Quartet Thermal Engineering Pvt Ltd
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 Quartet Thermal Engineering Pvt Ltd
Quartet Thermal Engineering is an active private limited company based in Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 31 May 1984 (42+ years old) and is registered under CIN U99999MH1984PTC033037.
Quartet Thermal Engineering reported revenue of ₹7.05 Cr for FY 2024 (up 17% YoY).
Quartet Thermal Engineering has 5 current directors:
- Ashwini Ameya Dangi - Director
- Ravindra Gajanan Jog - Director
- Krishnaier Ramanathan - Director
- Rekha Dilip Nadkarni - Director
- Vishwas Dinkar Nadkarni - Director
Quartet Thermal Engineering reported a net profit of ₹4.26 Lakh (net margin 0.6%) and EBITDA of ₹6.44 Lakh (EBITDA margin 0.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Quartet Thermal Engineering is 36% over three years and -5% over five years. In the latest year (FY 2024) revenue rose 17%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Quartet Thermal Engineering is 27AAACQ0125B1Z6, registered in Maharashtra.
The CIN (Corporate Identification Number) of Quartet Thermal Engineering is U99999MH1984PTC033037. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Quartet Thermal Engineering has 13 court cases on record: 6 filed by the company and 7 filed against it. 2 are pending. Most are in the district courts.
Quartet Thermal Engineering was incorporated on 31 May 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Quartet Thermal Engineering by revenue are Smartech Innovations Private Limited, Trustweld Engineers India Private Limited, We4 Automation India (OPC) Private Limited, Jyoti Process Equipments Private Limited, Tarax Tech Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers).
Ashwini Ameya Dangi was appointed as Director on 08 Feb 2019. Rekha Dilip Nadkarni was appointed as Director on 08 Feb 2019. Krishnaier Ramanathan was appointed as Director on 31 May 1984. Quartet Thermal Engineering has 5 board changes on record in total.