MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0004530
STG Heating Private Limited - energy and power in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹52.54 Cr
▼ 3% YoY
Net profit · FY 2024
₹1.43 Cr
Net margin 2.7%
EBITDA · FY 2024
₹2.85 Cr
EBITDA margin 5.4%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹9.71 Cr
Satisfied ₹27.85 Cr
Company age
17 yrs
Est. 2009
Employees · EPFO
70
Provident fund records
About STG Heating Private Limited
Data last updated:
STG Heating Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the bop and btg services segment of the energy and power sector. It was incorporated on 22 April 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29268MH2009PTC191920. Its GSTIN is 27AAMCS9894F1ZI (Maharashtra). The company holds 5 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹50 Lakh. It is led by directors including Ajay Narottam Tanna (Managing Director) and Nilesh Vipinchandra Shah.
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 Hirji Baug Opp. Sunder Baug T. J. Road Sewri West, Mumbai, Maharashtra, India – 400015.
As per the financials filed for FY 2024, the company reported a revenue of ₹52.54 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹1.43 Cr (net margin 2.7%) and EBITDA of ₹2.85 Cr (EBITDA margin 5.4%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 10% over five years.
The company has about 70 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.71 Cr and satisfied charges of ₹27.85 Cr on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it.
STG Heating Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0004530). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website stgheating.com.
Company details
CIN U29268MH2009PTC191920
Registration Number 191920
Incorporation Date 22 April 2009
ROC Mumbai
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 Medium
Udyam Registration UDYAM-MH-19-0004530
Key People
Ajay Narottam Tanna Managing Director Nilesh Vipinchandra Shah Director Rohan Mahasukh Shah Director Recognitions & Rankings of STG Heating
Contact details
STG Heating Private Limited's registered office is in Mumbai, Maharashtra. Its website is stgheating.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressHirji Baug Opp. Sunder Baug T. J. Road Sewri West, Mumbai, Maharashtra, India – 400015
- IndustryEnergy and Power, BoP & BTG Services, Power EPC
To see the full contact details of STG Heating Private Limited, buy the company report.
Comprehensive company report
STG Heating 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of STG Heating is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of STG Heating Private Limited, buy the company report.
Financials of STG Heating Private Limited
FY 2024 filings availableSTG Heating Private Limited reported revenue of ₹52.54 Cr (down 3% YoY) for FY 2024.
Revenue · FY 2024
₹52.54 Cr ▼ 3%
Net profit · FY 2024
₹1.43 Cr margin 2.7%
EBITDA · FY 2024
₹2.85 Cr margin 5.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 17%
5 years · compounded
▲ 10%
EBITDA CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 17%
5 years · compounded
▲ 11%
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. 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
| 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 | ₹52.54 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹2.85 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.43 Cr | ||||
| 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.4% | ||||
| Net Profit Margin | 2.7% | ||||
| 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 STG Heating Private Limited, buy the company report.
Board of directors of STG Heating Private Limited
STG Heating has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nilesh Vipinchandra Shah Also directs: Coldrock India LLP | Director | 30 Sep 2019 | 7 Years 0 Months | Current |
| Rohan Mahasukh Shah | Director | 22 Apr 2009 | 17 Years 6 Months | Current |
| Ajay Narottam Tanna Also directs: Imperial LPS and Electricals Private Limited | Managing Director | 22 Apr 2009 | 17 Years 6 Months | Current |
| Saransh Kiran Makwana | Director | 18 Aug 2025 | 1 Years 2 Months | Current |
Auditor
STG Heating Private Limited is audited by HAY & ASSOCIATES for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| HAY & ASSOCIATES | FY 2024 | 104106W |
Shareholding
The shareholding of STG Heating Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of STG Heating Private Limited, buy the company report.
Charges & borrowings
Open charges
₹9.71 Cr
Satisfied charges
₹27.85 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Nov 2025 | 101195698 | Hdfc Bank Limited | ₹14 Lakh | Open | |
| 23 Sep 2024 | 100984595 | Others | ₹68 Lakh | Open | |
| 12 Jul 2013 | 10445724 | State Bank of India | ₹8.89 Cr | Open | |
| 01 Jun 2020 | 100378223 | State Bank of India | ₹64 Lakh | Satisfied | |
| 14 May 2020 | 100378798 | State Bank of India | ₹40 Lakh | Satisfied |
To see the full charge records of STG Heating Private Limited, buy the company report.
Total charge records: 13 View all charges
Legal cases
STG Heating Private Limited has 5 court cases on record: 3 filed by STG Heating, 2 filed against it. All cases are disposed.
Total cases
5
Filed by the company
3
Filed against the company
2
Disposed
5
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 0 |
| High courts | 2 | 0 | 0 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Pro Net Technologies Pvt Ltd | Disposed |
| Bombay High Court | Court case (S) | Filed by the company against Lodha Developers Ltd. | Disposed |
| District court, BENGALURU, Karnataka | Motor accident claim | Filed against the company by an individual | Disposed |
| District court, TUMAKURU, Karnataka | Court case (AIR.MISC. MVC) | Filed against the company by an individual | Disposed |
To see the full case history of STG Heating Private 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.
Credit ratings & regulatory alerts
STG Heating Private Limited was last rated by Crisil on 23 Dec 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 23 Dec 2019 |
To see the full credit ratings and regulatory alerts of STG Heating Private Limited, buy the company report.
MSME payment delays
STG Heating Private Limited has 14 MSME Form 1 returns on record between 2019 and 2023, listing 915 overdue payments to 53 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 53)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Union Enterprise Private Limited | |||
| H.D.Gajra Bros. | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of STG Heating Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
STG Heating Private Limited has a workforce of 70 employees on its EPFO records as of Aug 09, 2025, across 1 active EPFO establishment.
Employee count
70
Active EPFO establishments
1
Employee growth
7.69%
GST
STG Heating has 5 GST registrations: 4 active and 1 cancelled or inactive.
Total GSTINs
5
Active
4
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCS9894F1ZI | Maharashtra | Active | 01 Jul 2017 |
| 27AAMCS9894F2ZH | Maharashtra | Active | 01 Apr 2025 |
| 07AAMCS9894F1ZK | Delhi | Active | 01 Jul 2017 |
| 29AAMCS9894F1ZE | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of STG Heating Private Limited, buy the company report.
Recent activity
STG Heating Private Limited has 10 board changes on record since 2009: 4 appointments and 6 cessations. The latest: Saransh Kiran Makwana ceased to be Additional Director on 29 Sep 2025.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.14 Cr with Charge ID 101195698 was registered on 19 Nov 2025.
Ceased
Saransh Kiran Makwana ceased to be Additional Director.
Ceased
Rohan Mahasukh Shah ceased to be Director.
Appointed
Saransh Kiran Makwana was appointed as Director.
AGM
Stg Heating Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 0.68 Cr with Charge ID 100984595 was registered on 23 Sep 2024.
Filing
Stg Heating Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 01 Jun 2020 via Charge ID 100378223 with State Bank Of India was fully satisfied on 07 Nov 2022.
Charges
A charge registered on 14 May 2020 via Charge ID 100378798 with State Bank Of India was fully satisfied on 07 Nov 2022.
Charges
A charge registered on 04 Jun 2018 via Charge ID 100187425 with Hdfc Bank Limited was fully satisfied on 07 Nov 2022.
Charges
A charge registered on 02 Jun 2018 via Charge ID 100190645 with Hdfc Bank Limited was fully satisfied on 07 Nov 2022.
Charges
A charge with State Bank Of India of Rs. 8.89 Cr registered on 12 Jul 2013 with Charge ID 10445724 was modified on 27 May 2022.
27 earlier events are in the company report.
Frequently asked questions
STG Heating is an active private limited company based in Mumbai, Maharashtra, India. The company works in bop and btg services, within the energy and power industry. It was incorporated on 22 April 2009 (17+ years old) and is registered under CIN U29268MH2009PTC191920.
STG Heating has 4 current directors:
- Ajay Narottam Tanna - Managing Director
- Nilesh Vipinchandra Shah - Director
- Rohan Mahasukh Shah - Director
- Saransh Kiran Makwana - Director
The latest financial statements of STG Heating 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 STG Heating is 27AAMCS9894F1ZI, registered in Maharashtra. The company has 5 GST registrations in all, of which 4 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAMCS9894F2ZH (Maharashtra), 07AAMCS9894F1ZK (Delhi), 29AAMCS9894F1ZE (Karnataka).
The CIN (Corporate Identification Number) of STG Heating is U29268MH2009PTC191920. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
STG Heating has 5 court cases on record: 3 filed by the company and 2 filed against it. Most are in the district courts.
STG Heating was incorporated on 22 April 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
Saransh Kiran Makwana ceased to be Additional Director on 29 Sep 2025. Rohan Mahasukh Shah ceased to be Director on 01 Sep 2025. Saransh Kiran Makwana was appointed as Director on 18 Aug 2025. STG Heating has 10 board changes on record in total.
Yes, STG Heating is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0004530).
STG Heating has 14 MSME Form 1 returns on record between 2019 and 2023, listing 915 overdue payments to 53 micro and small suppliers. The latest return was filed on 02 Jan 2024.
STG Heating can be reached through the website stgheating.com. Its registered office is in Mumbai, Maharashtra, India.