MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2023-24)
- Udyam number
- UDYAM-UP-28-0012886
Spheros Motherson Thermal System Limited - machinery and equipment in New Delhi, Delhi, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹216.98 Cr
▲ 40% YoY
Net profit · FY 2025
₹19.49 Cr
Net margin 9%
EBITDA · FY 2025
₹30.31 Cr
EBITDA margin 14%
Authorised capital
₹8 Cr
Registered with MCA
Paid-up capital
₹8 Cr
Issued & subscribed
Open charges
₹9.5 Cr
Secured borrowings
Company age
22 yrs
Est. 2004
Employees · EPFO
107
Provident fund records
About Spheros Motherson Thermal System Limited
Data last updated:
Spheros Motherson Thermal System Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Valeo Thermal Commercial Vehicles Germany Gmbh. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 09 December 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL2004PLC131101. Its GSTIN is 09AAECM2630F1ZQ (Uttar Pradesh). The company holds 3 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹8 Cr and a paid-up capital of ₹8 Cr. It was formerly known as Motherson Advanced Automobile Solutions Limited. It is led by directors including Mark Sondermann and Vishal Swarupshyam Kabadi.
Its last annual general meeting (AGM) was held on 12 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 2nd Floor F – 7 Block B – 1 Mohan Cooperative Industrial Estate, New Delhi, Delhi, India – 110044.
As per the financials filed for FY 2025, the company reported a revenue of ₹216.98 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net profit of ₹19.49 Cr (net margin 9%) and EBITDA of ₹30.31 Cr (EBITDA margin 14%). Revenue has grown at a compounded annual rate (CAGR) of 38% over three years and 14% over five years.
The company has about 107 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Valeo. As per MCA filings, the company has open charges of ₹9.5 Cr on record. Court records list 8 cases involving the company, including 8 filed by the company; 1 case is pending. The company has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹7.99 Cr; the latest was in December 2008. Its 5 peer companies in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger and 2 smaller; the largest is Indian Compressors Limited with revenue of ₹244.39 Cr. The company has 23 MSME Form 1 returns on record between 2019 and 2024, listing 4,881 overdue payments to 78 micro and small suppliers.
Spheros Motherson Thermal System Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-UP-28-0012886). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website valeo-thermalbus.com.
Company details
CIN U74899DL2004PLC131101
Registration Number 131101
Incorporation Date 09 December 2004
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 12 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Valeo Thermal Commercial Vehicles Germany Gmbh
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-UP-28-0012886
Name history
Spheros Motherson Thermal System has undergone 5 name changes throughout its history. The current legal name is Spheros Motherson Thermal System Limited.
| Company Name | Status |
|---|---|
| Spheros Motherson Thermal System Limited | Current |
| Motherson Advanced Automobile Solutions Limited | Previous |
| Motherson Advanced Automobile Solutions Private Limited | Previous |
| Valeo Motherson Thermal Commercial Vehicles India Limited | Previous |
| Motherson Advanced Automobile Solutions Limited | Previous |
CIN history
Spheros Motherson Thermal System has one previous CIN (Corporate Identification Number): U74899DL2004PTC131101. The current CIN is U74899DL2004PLC131101, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899DL2004PLC131101 | Current |
| U74899DL2004PTC131101 | Previous |
Recognitions & Rankings of Spheros Motherson Thermal System
Contact details
Spheros Motherson Thermal System Limited's registered office is in New Delhi, Delhi. Its website is valeo-thermalbus.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address2nd Floor F – 7 Block B – 1 Mohan Cooperative Industrial Estate, New Delhi, Delhi, India – 110044
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
To see the full contact details of Spheros Motherson Thermal System Limited, buy the company report.
Comprehensive company report
Spheros Motherson Thermal System 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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Secure checkout · GST invoice included
Business activity
The main business activity of Spheros Motherson Thermal System 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 Spheros Motherson Thermal System Limited, buy the company report.
Financials of Spheros Motherson Thermal System Limited
FY 2025 filings availableSpheros Motherson Thermal System Limited reported revenue of ₹216.98 Cr (up 40% YoY) for FY 2025.
Revenue · FY 2025
₹216.98 Cr ▲ 40%
Net profit · FY 2025
₹19.49 Cr margin 9%
EBITDA · FY 2025
₹30.31 Cr margin 14%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 40%
3 years · compounded
▲ 38%
5 years · compounded
▲ 14%
EBITDA CAGR growth
1 year
▲ 69%
3 years · compounded
▲ 77%
5 years · compounded
▲ 28%
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 40% growth in the latest year. EBITDA rose 69% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
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| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹30.31 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹19.49 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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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 | 14% | ||||
| Net Profit Margin | 9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Spheros Motherson Thermal System Limited, buy the company report.
Board of directors of Spheros Motherson Thermal System Limited
Spheros Motherson Thermal System has 4 current directors and 19 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mark Sondermann | Director | 18 May 2017 | 9 Years 5 Months | Current |
| Vishal Swarupshyam Kabadi | Director | 05 Sep 2023 | 3 Years 2 Months | Current |
| Sanjay Mehta | Director | 30 Mar 2019 | 7 Years 7 Months | Current |
| Rudy Chartrelle | Director | 01 Jul 2024 | 2 Years 4 Months | Current |
Peer comparison
Spheros Motherson Thermal System Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Indian Compressors Limited | ₹244.39 Cr (FY 2025) | 2.0% | New Delhi, Delhi, India | |||
| Tcci Manufacturing (India) Private Limited | ₹243.74 Cr (FY 2025) | -9.0% | New Delhi, Delhi, India | |||
| Anest Iwata Motherson Private Limited | ₹224.16 Cr (FY 2025) | -3.0% | New Delhi, Delhi, India | |||
| Spheros Motherson Thermal System Limitedthis company | ₹216.98 Cr (FY 2025) | ₹19.49 Cr | 9% | 40.0% | 107 | New Delhi, Delhi, India |
| Air Control and Chemical Engineering Company Limited | ₹170.28 Cr (FY 2025) | 26.0% | Ahmedabad, Gujarat, India | |||
| C Doctor India Private Limited | ₹155.45 Cr (FY 2025) | 25.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Spheros Motherson Thermal System Limited, buy the company report.
Auditor
Spheros Motherson Thermal System Limited is audited by S.R. Batliboi & CO. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & CO. LLP | FY 2023 | 301003E/E300005 |
Shareholding
The shareholding of Spheros Motherson Thermal System 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 Spheros Motherson Thermal System Limited, buy the company report.
Charges & borrowings
Open charges
₹9.5 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Jul 2009 | 10173491 | Axis Bank Limited | ₹9.5 Cr | Open |
To see the full charge records of Spheros Motherson Thermal System Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Spheros Motherson Thermal System Limited has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹7.99 Cr; the latest was in December 2008.
Total deals
3
Funding rounds
2
Secondary share transfer
1
Disclosed funding
₹7.99 Cr
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2008 | Funding round | ₹4 Cr | Investors: Valeo Thermal Commercial Vehicles Germany Gmbh, Motherson Auto Limited |
| Jul 2006 | Funding round | ₹3.99 Cr | Investors: Valeo Thermal Commercial Vehicles Germany Gmbh, Motherson Auto Limited , Samvardhana Motherson International Limited & Laksh Vaaman Sehgal |
| Jul 2006 | Secondary share transfer | Undisclosed | Buyer: Motherson Auto Limited Seller: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Spheros Motherson Thermal System Limited has 8 court cases on record: 8 filed by Spheros Motherson Thermal System. 1 case is pending and 7 are disposed.
Total cases
8
Filed by the company
8
Pending
1
Disposed
7
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 7 | 0 | 1 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed by the company against Gobind Motors Pvt. Ltd. and Ors. | Pending |
| District court, South East, Delhi | Criminal case | Filed by the company against Bindra Travel Line Pvt.Ltd Ors | Disposed |
| District court, Gautam Buddha Nagar, Uttar Pradesh | Court case (Complaint Cases) | Filed by the company against an individual | Disposed |
| District court, Jaipur Metro II, Rajasthan | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
| District court, South East, Delhi | Criminal case | Filed by the company against an individual | Disposed |
To see the full case history of Spheros Motherson Thermal System 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
Spheros Motherson Thermal System Limited has 23 MSME Form 1 returns on record between 2019 and 2024, listing 4,881 overdue payments to 78 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 78)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| E Appliances | |||
| Griptronics India Wires & Cables Private Limited | |||
| Rishi Laser Limited | |||
| Agromach Engineering Private Limited |
To see the full MSME payment records of Spheros Motherson Thermal System Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Spheros Motherson Thermal System Limited has a workforce of 107 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
Employee count
107
Active EPFO establishments
1
Employee growth
13.83%
GST
Spheros Motherson Thermal System has 3 GST registrations: 2 active and 1 cancelled or inactive.
Total GSTINs
3
Active
2
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAECM2630F1ZQ | Uttar Pradesh | Active | 01 Jul 2017 |
| 29AAECM2630F1ZO | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Spheros Motherson Thermal System Limited, buy the company report.
Recent activity
Spheros Motherson Thermal System Limited has 20 board changes on record since 2007: 4 appointments and 16 cessations. The latest: Rudy Chartrelle ceased to be Additional Director on 11 Sep 2025.
AGM
Spheros Motherson Thermal System Limited last Annual general meeting of members was held on 12 Sep 2025 as per latest MCA records.
Ceased
Rudy Chartrelle ceased to be Additional Director.
Filing
Spheros Motherson Thermal System Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Ceased
Vishal Swarupshyam Kabadi ceased to be Additional Director.
Appointed
Rudy Chartrelle was appointed as Director.
Ceased
Ashok Tandon ceased to be Director.
Appointed
Vishal Swarupshyam Kabadi was appointed as Director.
Ceased
Jayakumar Govindan ceased to be Additional Director.
Ceased
Sanjay Mehta ceased to be Additional Director.
Ceased
Anil Kalra ceased to be Director.
Appointed
Sanjay Mehta was appointed as Director.
Charges
A charge with Axis Bank Limited of Rs. 9.50 Cr registered on 28 Jul 2009 with Charge ID 10173491 was modified on 16 Nov 2018.
13 earlier events are in the company report.
Frequently asked questions
Spheros Motherson Thermal System is an active public limited company based in New Delhi, Delhi, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 09 December 2004 (22+ years old) and is registered under CIN U74899DL2004PLC131101.
Spheros Motherson Thermal System has 4 current directors:
- Mark Sondermann - Director
- Vishal Swarupshyam Kabadi - Director
- Sanjay Mehta - Director
- Rudy Chartrelle - Director
The latest financial statements of Spheros Motherson Thermal System on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 12 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Spheros Motherson Thermal System is 09AAECM2630F1ZQ, registered in Uttar Pradesh. The company has 3 GST registrations in all, of which 2 are active and 1 is cancelled or inactive. Other active GSTINs include 29AAECM2630F1ZO (Karnataka).
The CIN (Corporate Identification Number) of Spheros Motherson Thermal System is U74899DL2004PLC131101. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Spheros Motherson Thermal System has 8 court cases on record: 8 filed by the company. 1 is pending. Most are in the district courts.
Spheros Motherson Thermal System was incorporated on 09 December 2004, making it 22+ years old. It is registered with the Registrar of Companies, Delhi.
Spheros Motherson Thermal System has 3 deals on record (2 funding rounds, 1 secondary share transfer), with disclosed funding of ₹7.99 Cr; the latest was in December 2008.
The peers of Spheros Motherson Thermal System by revenue are Indian Compressors Limited, Tcci Manufacturing (India) Private Limited, Anest Iwata Motherson Private Limited, Air Control and Chemical Engineering Company Limited, C Doctor India Private Limited, all in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Rudy Chartrelle ceased to be Additional Director on 11 Sep 2025. Vishal Swarupshyam Kabadi ceased to be Additional Director on 22 Aug 2024. Rudy Chartrelle was appointed as Director on 01 Jul 2024. Spheros Motherson Thermal System has 20 board changes on record in total.
Yes, Spheros Motherson Thermal System is registered as a medium enterprise under Udyam registration (number: UDYAM-UP-28-0012886).
Spheros Motherson Thermal System has 23 MSME Form 1 returns on record between 2019 and 2024, listing 4,881 overdue payments to 78 micro and small suppliers. The latest return was filed on 18 Apr 2024.
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