Spirotech Heat Exchangers Private Limited - Company Profile

It is a machinery and equipment private limited company based in Ghaziabad, Uttar Pradesh, India, established in 1994.

1994 Ghaziabad, Uttar Pradesh, India Active

Last Updated: January 04, 2026

About Spirotech Heat Exchangers Private Limited

Spirotech Heat Exchangers Private Limited, a active private limited company, was established on 29 July 1994 in Ghaziabad, Uttar Pradesh, India. Engaging in industrial machinery manufacturing within the manufacturing sector, it holds CIN: U74899UP1994PTC091322. Registered under ROC Roc Kanpur. it is unlisted. It has an authorized capital of ₹4.56 Cr and a paid-up capital of ₹2.57 Cr.

It upholds a compliant status. Employing 216 professional, Its leadership includes Michele Faggioli (Director), Subramaniam Srinivasan (Director), Matteo Liberali (Director). Past directors included Eligio Macchi, Michele Faggioli, Alessandro Ferrandi. It holds ₹59.00 Cr open charges and ₹25.86 Cr settled loans. Its latest AGM occurred on 17 October 2025, with the balance sheet filed on 31 March 2025. It is based at R-11/173, First Floor Raj Nagar, Ghaziabad, Uttar Pradesh, 201002.

Company Details

CIN/LLPIN
U74899UP1994PTC091322
Registration Number
091322
Incorporation Date
29 July 1994
Authorized Capital
₹4.56 Cr
Paid-Up Capital
₹2.57 Cr
ROC Code
Roc Kanpur
Listing Status
Unlisted
Company Status
Active

Key Metrics

Authorised Capital ₹ 4.56 Cr as on 04-01-2026
Paid Up Capital ₹ 2.57 Cr as on 04-01-2026
Company Age 31 Year, 7 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 59.00 Cr as on 04-01-2026
Satisfied Charges ₹ 25.86 Cr as on 04-01-2026
Revenue Growth **** 2.86% (FY 2023)
Profit Growth **** -23.48% (FY 2023)
Ebitda **** -21.41% (FY 2023)
Net Worth 7.58% (FY 2023)
Total Assets **** 2.82% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Spirotech Heat Exchangers Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

Access Report

Who are the key members and board of directors at Spirotech Heat Exchangers Private Limited?

Current Directors

Name	Designation	Appointment Date	Status
Michele Faggioli	Director	03 Mar 2017	Current
Subramaniam Srinivasan	Director	09 Jun 1997	Current
Matteo Liberali	Director	05 Oct 2016	Current
Davide Damiano Gritti	Director	21 Aug 2019	Current
Rajesh Khanna	Director	08 Aug 2019	Current
Sanjeev Kumarsingh Tomar	Company Secretary	02 Jul 2007	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Additional Director	28 Nov 2017	Past
Pramod Abcsdd	Additional Director	28 Nov 2017	Past
Pramod Abcsdd	Director	01 May 2022	Past
Pramod Abcsdd	Whole-Time Director	05 Oct 2016	Past
Pramod Abcsdd	Director	01 Apr 2012	Past
Pramod Abcsdd	Director	03 Mar 2017	Past

Discover detailed profiles of directors and KMP - Unlock leadership insights today!

Financial Performance of Spirotech Heat Exchangers.

Spirotech Heat Exchangers Private Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 2.86% increase. The company also saw a substantial fall in profitability, with a 23.48% decrease in profit. The company's net worth moved up by a moderate rise of 7.58%.

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

Upgrade Required

Full access to Financial is available only for users with an active Premium plan.

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

********

2.86%

*******

Revenue from Operations

*******

2.37%

*******

Total Assets

*******

2.82%

*******

Profit or Loss

*******

-23.48%

*******

Net Worth

*******

7.58%

*******

EBITDA

*******

-21.41%

*******

Discover detailed financial data and - Unlock financial today!

What is the Ownership and Shareholding Structure of Spirotech Heat Exchangers?

In 2023, Spirotech Heat Exchangers had a promoter holding of 100.00%. 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

Upgrade Required

Full access to Ownership and Shareholding Structure is available only for users with an active Premium plan.

Reveal ownership structures and financial performance - Get instant access now!

Charges (Loans)

Open Charges

₹590,000,000.00

Satisfied Charges

₹258,600,000.00

Charges Breakdown by Lending Institutions

Citi Bank N.A. : 50.00 Cr
Others : 9.00 Cr

Latest Charge Details

Date	Lender	Amount	Status
16 Feb 2024	Others	₹9.00 Cr	Open
03 Oct 2003	Citi Bank N.A.	₹50.00 Cr	Open
22 Mar 2012	Citi Bank N.A.	₹16.00 Cr	Satisfied
29 Oct 2004	Citibank N A	₹3.50 Cr	Satisfied
03 Oct 2003	Citibank N.A	₹2.00 Cr	Satisfied

Explore comprehensive loan charge details -

How Many Employees Work at Spirotech Heat Exchangers?

Spirotech Heat Exchangers has a workforce of 216 employees as of Apr 08, 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

Upgrade Required

Full access to People is available only for users with an active Premium plan.

Deals i

Gain comprehensive insights into the Deals and Valuation data of Spirotech Heat Exchangers, 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 Spirotech Heat Exchangers'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.

Explore deal ratings and alerts - Get instant access now!

Latest Updates, News, and FAQs on Spirotech Heat Exchangers

Recent Activity within the Organization

Annual General Meeting

Spirotech Heat Exchangers Private Limited last Annual general meeting of members was held on 17 Oct 2025 as per latest MCA records. was recorded as a recent event.
17 Oct 2025
Director Appointment

Alessandro Matteo Boato was appointed as a Director was appointed as a Director on 29 Sep 2025 & has been associated with this company since 5 months 5 days . was recorded as a recent event.
29 Sep 2025
Director Appointment

The activity Francesco Nigri was appointed as a Director was appointed as a Director on 23 Sep 2025 & has been associated with this company since 5 months 11 days . was completed.
23 Sep 2025
Director Appointment

The activity Dwijesh Gautam was appointed as a Director was appointed as a Director on 20 Sep 2025 & has been associated with this company since 5 months 14 days . was completed.
20 Sep 2025
Director Appointment

Quattrini Riccardo was appointed as a Director was appointed as a Director on 18 Sep 2025 & has been associated with this company since 5 months 16 days . was recorded as a recent event.
18 Sep 2025
Balance Sheet

Spirotech Heat Exchangers Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kanpur. was recorded as a recent event.
31 Mar 2025

Explore recent activity and updates - View Recent Activity