MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-24-0004483
Ronak Radiators Private Limited - machinery and equipment in Vadodara, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹24.87 Cr
▲ 113% YoY
Net profit · FY 2024
₹89.23 Lakh
Net margin 3.6%
EBITDA · FY 2024
₹1.53 Cr
EBITDA margin 6.2%
Authorised capital
₹20 Lakh
Registered with MCA
Paid-up capital
₹20 Lakh
Issued & subscribed
Open charges
₹8.01 Cr
Satisfied ₹74 Lakh
Company age
45 yrs
Est. 1981
Employees · EPFO
13
Provident fund records
About Ronak Radiators Private Limited
Data last updated:
Ronak Radiators Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 02 July 1981 and has been in existence for over 45 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74999GJ1981PTC004466. Its GSTIN is 24AADCR6716J1ZA (Gujarat).
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹20 Lakh. It was formerly known as Maxtronix Private Limited. It is led by directors including Ronak Satishkumar Panchal and Satishbhai Ratilal Panchal.
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 A1 – 974/3 GIDC Makarpura, Vadodara, Gujarat, India – 390010.
As per the financials filed for FY 2024, the company reported a revenue of ₹24.87 Cr, a growth of 113% compared to the previous year. For the same year it recorded a net profit of ₹89.23 Lakh (net margin 3.6%) and EBITDA of ₹1.53 Cr (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 68% over three years and 28% 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 ₹8.01 Cr and satisfied charges of ₹74 Lakh on record.
Ronak Radiators Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-24-0004483). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ronakradiators.com.
Company details
CIN U74999GJ1981PTC004466
Registration Number 004466
Incorporation Date 02 July 1981
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-24-0004483
Key People
Ronak Satishkumar Panchal Director Satishbhai Ratilal Panchal Director Smitaben Shaileshbhai Panchal Director Recognitions & Rankings of Ronak Radiators
Contact details
Ronak Radiators Private Limited's registered office is in Vadodara, Gujarat. Its website is ronakradiators.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA1 – 974/3 GIDC Makarpura, Vadodara, Gujarat, India – 390010
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Ronak Radiators Private Limited, buy the company report.
Comprehensive company report
Ronak Radiators 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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Business activity
The main business activity of Ronak Radiators is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Ronak Radiators Private Limited, buy the company report.
Financials of Ronak Radiators Private Limited
FY 2024 filings availableRonak Radiators Private Limited reported revenue of ₹24.87 Cr (up 113% YoY) for FY 2024.
Revenue · FY 2024
₹24.87 Cr ▲ 113%
Net profit · FY 2024
₹89.23 Lakh margin 3.6%
EBITDA · FY 2024
₹1.53 Cr margin 6.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 113%
3 years · compounded
▲ 68%
5 years · compounded
▲ 28%
EBITDA CAGR growth
1 year
▲ 107%
3 years · compounded
▲ 60%
5 years · compounded
▲ 32%
Revenue has grown at a compounded annual rate (CAGR) of 28% over five years, including 113% growth in the latest year. EBITDA rose 107% 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 |
|---|---|---|---|---|---|
| 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 | ₹1.53 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹89.23 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 | |||||
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| Total Assets | |||||
Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.2% | ||||
| Net Profit Margin | 3.6% | ||||
| 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 | |||||
To see the full financial statements and ratios of Ronak Radiators Private Limited, buy the company report.
Board of directors of Ronak Radiators Private Limited
Ronak Radiators has 5 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ronak Satishkumar Panchal | Director | 14 May 2016 | 10 Years 5 Months | Current |
| Satishbhai Ratilal Panchal | Director | 19 Apr 2007 | 19 Years 6 Months | Current |
| Smitaben Shaileshbhai Panchal | Director | 19 Apr 2007 | 19 Years 6 Months | Current |
| Ilaxiben Satishbhai Panchal | Director | 19 Apr 2007 | 19 Years 6 Months | Current |
| Shaileshkumar Ratilal Panchal | Director | 19 Apr 2007 | 19 Years 6 Months | Current |
Auditor
Ronak Radiators Private Limited is audited by C.I. SHAH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C.I. SHAH & CO. | FY 2023 | 111862W |
Shareholding
The shareholding of Ronak Radiators 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 Ronak Radiators Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8.01 Cr
Satisfied charges
₹74 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Dec 2025 | 101195899 | Hdfc Bank Limited | ₹28.25 Lakh | Open | |
| 28 Jul 2025 | 101160688 | Others | ₹90 Lakh | Open | |
| 08 Dec 2023 | 100833713 | Hdfc Bank Limited | ₹6.83 Cr | Open | |
| 23 Oct 2007 | 10078759 | State Bank of India | ₹74 Lakh | Satisfied |
To see the full charge records of Ronak Radiators Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Ronak Radiators Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Ronak Radiators Private Limited has 11 MSME Form 1 returns on record between 2017 and 2023, listing 154 overdue payments to 17 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 17)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Ahmedabad Strips Private Limited | |||
| an individual supplier | |||
| Omkar Industries | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Ronak Radiators Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Ronak Radiators Private Limited has a workforce of 13 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
Employee count
13
Active EPFO establishments
1
Employee growth
-13.33%
GST
Ronak Radiators has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCR6716J1ZA | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ronak Radiators Private Limited, buy the company report.
Recent activity
Ronak Radiators Private Limited has 10 board changes on record since 2007: 5 appointments and 5 cessations. The latest: Ronak Satishkumar Panchal ceased to be Additional Director on 30 Sep 2016.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 28.25 Lakh with Charge ID 101195899 was registered on 06 Dec 2025.
Charges
A charge with Hdfc Bank Limited of Rs. 683.00 Lakh registered on 08 Dec 2023 with Charge ID 100833713 was modified on 03 Oct 2025.
Charges
A charge with Others amounted to Rs. 90.00 Lakh with Charge ID 101160688 was registered on 28 Jul 2025.
AGM
Ronak Radiators Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Ronak Radiators Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Ahmedabad.
Charges
A charge registered on 23 Oct 2007 via Charge ID 10078759 with State Bank Of India was fully satisfied on 17 Dec 2023.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 683.00 Lakh with Charge ID 100833713 was registered on 08 Dec 2023.
Ceased
Ronak Satishkumar Panchal ceased to be Additional Director.
Appointed
Ronak Satishkumar Panchal was appointed as Director.
Ceased
Ratilal Panchal ceased to be Director.
Charges
A charge with State Bank Of India of Rs. 74.00 Lakh registered on 23 Oct 2007 with Charge ID 10078759 was modified on 22 Mar 2013.
Charges
A charge with State Bank Of India amounted to Rs. 74.00 Lakh with Charge ID 10078759 was registered on 23 Oct 2007.
8 earlier events are in the company report.
Frequently asked questions
Ronak Radiators is an active private limited company based in Vadodara, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 02 July 1981 (45+ years old) and is registered under CIN U74999GJ1981PTC004466.
Ronak Radiators has 5 current directors:
- Ronak Satishkumar Panchal - Director
- Satishbhai Ratilal Panchal - Director
- Smitaben Shaileshbhai Panchal - Director
- Ilaxiben Satishbhai Panchal - Director
- Shaileshkumar Ratilal Panchal - Director
The latest financial statements of Ronak Radiators 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 Ronak Radiators is 24AADCR6716J1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Ronak Radiators is U74999GJ1981PTC004466. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ronak Radiators was incorporated on 02 July 1981, making it 45+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Ronak Satishkumar Panchal ceased to be Additional Director on 30 Sep 2016. Ronak Satishkumar Panchal was appointed as Director on 14 May 2016. Ratilal Panchal ceased to be Director on 13 May 2016. Ronak Radiators has 10 board changes on record in total.
Yes, Ronak Radiators is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-24-0004483).
Ronak Radiators has 11 MSME Form 1 returns on record between 2017 and 2023, listing 154 overdue payments to 17 micro and small suppliers. The latest return was filed on 28 Jan 2024.
Ronak Radiators can be reached through the website ronakradiators.com. Its registered office is in Vadodara, Gujarat, India.
The registered office of Ronak Radiators is at A1 – 9743 GIDC Makarpura, Vadodara, Gujarat, India – 390010.
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