About Stulz - Chspl (India) Private Limited
Data last updated:
Stulz - Chspl (India) Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Stulz Gmbh. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 11 April 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29192MH1996PTC098823. Its GSTIN is 27AABCC5320P2ZI (Maharashtra). The company holds 13 GST registrations, of which 10 are active.
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹5.65 Cr. It was formerly known as Comfort Hvac Systems Private Limited. It is led by directors including Suresh Balakrishnan (Managing Director) and Rajesh Balakrishnan (Managing Director).
Its last annual general meeting (AGM) was held on 17 June 2026, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 6/Jagruti Industrial Estatemogul Lane Mahim, Mumbai, Maharashtra, India – 400016.
As per the financials filed for FY 2025, the company reported a revenue of ₹551.25 Cr, a growth of 11% compared to the previous year. For the same year it recorded a net profit of ₹133.2 Cr (net margin 24.2%) and EBITDA of ₹186.19 Cr (EBITDA margin 33.8%).
The company has about 529 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: STULZ India. As per MCA filings, the company has open charges of ₹104.9 Cr and satisfied charges of ₹73.13 Lakh on record. Court records list 5 cases involving the company, including 1 filed by the company and 3 filed against it; 2 cases are pending. The company has 6 deals on record (2 secondary share transfers, 2 funding rounds, 2 rights issues), with disclosed funding of ₹12.32 Cr; the latest was in March 2024. Its 10 peer companies in the Machinery and Equipment industry (Compressors) are compared by revenue, 5 larger and 5 smaller; the largest is Highly Electrical Appliances India Private Limited with revenue of ₹1,081.03 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website stulz.in.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address6/Jagruti Industrial Estatemogul Lane Mahim, Mumbai, Maharashtra, India – 400016
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
- 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 Stulz - Chspl (India) Private Limited
The main business activity of Stulz - Chspl (India) is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment and repair & installation of machinery & equipment, motor vehicles. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | Locked |
| C | Manufacturing | C12 | Repair & installation of machinery & equipment, motor vehicles | 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 Stulz - Chspl (India) Private Limited FY 2025 filings available
Stulz - Chspl (India) Private Limited reported revenue of ₹551.25 Cr (up 11% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Stulz - Chspl (India) Private Limited
Revenue rose 11% in the latest year. EBITDA rose 17% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Stulz - Chspl (India) Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹186.19 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹133.2 Cr | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
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| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Stulz - Chspl (India) Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 33.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 24.2% | •••• | •••• | •••• | •••• |
| 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 Stulz - Chspl (India) 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 Stulz - Chspl (India) Private Limited
Stulz - Chspl (India) Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Compressors). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Highly Electrical Appliances India Private Limited | ₹1,081.03 Cr (FY 2024) | •••• | •••• | 34.0% | •••• | Ahmedabad, Gujarat, India |
| Doosan Bobcat India Private Limited | ₹1,041.66 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Chennai, Tamil Nadu, India |
| Burckhardt Compression (India) Private Limited | ₹803.71 Cr (FY 2025) | •••• | •••• | 60.0% | •••• | Pune, Maharashtra, India |
| Kaeser Compressors (India) Private Limited | ₹738.12 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Pune, Maharashtra, India |
| Tecumseh Products India Private Limited | ₹682.53 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Hyderabad, Telangana, India |
| Stulz - Chspl (India) Private Limited this company | ₹551.25 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Mumbai, Maharashtra, India |
| Abs General Solutions India Private Limited | ₹525.76 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Bangalore, Karnataka, India |
| Modine Thermal Systems Private Limited | ₹519.87 Cr (FY 2025) | •••• | •••• | -3.0% | •••• | Sunguvarchatiram, Tamil Nadu, India |
| Sidwal Refrigeration Industries Private Limited | ₹453.15 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Ballabgarh, Haryana, India |
| Frick India Limited | ₹447.63 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Haryana, India |
| KRN Heat Exchanger and Refrigeration Limited | ₹441.71 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Neemrana, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Stulz - Chspl (India) by revenue in the Machinery and Equipment industry (Compressors), 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 Stulz - Chspl (India) Private Limited
Stulz - Chspl (India) Private Limited is audited by Ashok Pandit & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Ashok Pandit & Co | 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 Stulz - Chspl (India) Private Limited
Stulz - Chspl (India) has 6 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Leena Suresh Also directs: Stulz - Chspl Foundation | Director | 18 Sep 2017 | 9 Years 0 Months | Current |
| Juergen Stulz | Director | 08 Jun 2006 | 20 Years 4 Months | Current |
| Alexander Tobias Stulz | Director | 23 Jan 2008 | 18 Years 8 Months | Current |
| Suresh Balakrishnan Also directs: Montaplast India Private Limited, Stulz - Chspl Foundation | Managing Director | 11 Apr 1996 | 30 Years 6 Months | Current |
| Rajesh Balakrishnan Also directs: Stulz - Chspl Foundation | Managing Director | 11 Apr 1996 | 30 Years 6 Months | Current |
| Marc Oliver Stulz | Director | 13 Jan 2023 | 3 Years 8 Months | Current |
Ownership and Shareholding of Stulz - Chspl (India) Private Limited
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 Stulz - Chspl (India) Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Sep 2021 | Others | ₹100 Cr | Open |
| 14 Jun 2010 | Union Bank of India | ₹4.9 Cr | Open |
| 28 Mar 2017 | Others | ₹15.13 Lakh | Satisfied |
| 03 Jan 2015 | Axis Bank Limited | ₹58 Lakh | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of Stulz - Chspl (India) Private Limited
Stulz - Chspl (India) Private Limited has 6 deals on record (2 secondary share transfers, 2 funding rounds, 2 rights issues), with disclosed funding of ₹12.32 Cr; the latest was in March 2024.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Rights issue | ₹25.51 Cr | Investors: Stulz GmbH, an individual |
| Sep 2023 | Rights issue | ₹20.02 Cr | Investors: Stulz GmbH, an individual |
| Aug 2009 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2007 | Secondary share transfer | Undisclosed | Buyer: Stulz GmbH Seller: 3 individuals |
| Sep 2006 | Funding round | ₹4.99 Cr | Investors: Stulz GmbH, 2 individuals |
Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Stulz - Chspl (India) Private Limited
Stulz - Chspl (India) Private Limited has 5 court cases on record: 1 filed by Stulz - Chspl (India), 3 filed against it, 1 where it is another party. 2 cases are pending and 3 are disposed. Status as checked between 29 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 2 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Maharashtra Industrial and Lab, Maharashtra | Court case (Appln. WCA A) | Filed against the company by an individual | Pending |
| District court, Ahmednagar, Maharashtra | Court case (M.A.C.P.) | Company is another party | Pending |
| Bombay High Court | Writ petition | Filed against the company by Swami Spice Mills Pvt. Ltd | Disposed |
| Bombay High Court | Writ petition | Filed by the company against State of Maharashtr and 5 Ors | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Notice Cases) | Filed against the company by an individual | Disposed |
Full case history
All 5 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.
Associated Brands with Stulz - Chspl (India) Private Limited
Stulz - Chspl (India) operates one associated brand: STULZ India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of cooling solutions for data centers and mission-critical applications. | stulz.in |
Employees and EPFO Compliance at Stulz - Chspl (India) Private Limited
Stulz - Chspl (India) Private Limited has a workforce of 529 employees as of Apr 08, 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.
Group Structure of Stulz - Chspl (India) Private Limited
Stulz - Chspl (India) has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Stulz - Chspl Foundation | U93090MH2019NPL319586 | Locked |
Showing major subsidiaries. Total: 1.
Recent Activity on Stulz - Chspl (India) Private Limited
Stulz - Chspl (India) Private Limited has 14 board changes on record since 1996: 10 appointments and 4 cessations. The latest: Marc Oliver Stulz was appointed as Director on 13 Jan 2023.
13 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Stulz - Chspl (India) Private Limited
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 Stulz - Chspl (India) Private Limited
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 Stulz - Chspl (India) Private Limited
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 Stulz - Chspl (India) Private Limited
Stulz - Chspl (India) has 13 GST registrations: 10 active and 3 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCC5320P2ZI | Maharashtra | Active | 20 Oct 2021 |
| 06AABCC5320P1ZN | Haryana | Active | 01 Jul 2017 |
| 07AABCC5320P2ZK | Delhi | Active | 01 Jul 2017 |
| 09AABCC5320P1ZH | Uttar Pradesh | 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 Stulz - Chspl (India) Private Limited
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 Stulz - Chspl (India) Private Limited
Stulz - Chspl (India) is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 11 April 1996 (30+ years old) and is registered under CIN U29192MH1996PTC098823.
Stulz - Chspl (India) reported revenue of ₹551.25 Cr for FY 2025 (up 11% YoY).
Stulz - Chspl (India) has 6 current directors:
- Suresh Balakrishnan - Managing Director
- Rajesh Balakrishnan - Managing Director
- Leena Suresh - Director
- Juergen Stulz - Director
- Alexander Tobias Stulz - Director
- Marc Oliver Stulz - Director
Stulz - Chspl (India) reported a net profit of ₹133.2 Cr (net margin 24.2%) and EBITDA of ₹186.19 Cr (EBITDA margin 33.8%) for FY 2025, as per its filed financial statements.
The GSTIN of Stulz - Chspl (India) is 27AABCC5320P2ZI, registered in Maharashtra. The company has 13 GST registrations in all, of which 10 are active and 3 are cancelled or inactive. Other active GSTINs include 06AABCC5320P1ZN (Haryana), 07AABCC5320P2ZK (Delhi), 09AABCC5320P1ZH (Uttar Pradesh).
The CIN (Corporate Identification Number) of Stulz - Chspl (India) is U29192MH1996PTC098823. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Stulz - Chspl (India) has 5 court cases on record: 1 filed by the company and 3 filed against it. 2 are pending. Most are in the district courts.
Stulz - Chspl (India) was incorporated on 11 April 1996, making it 30+ years old. It is registered with the Registrar of Companies, Mumbai.
Stulz - Chspl (India) has 6 deals on record (2 secondary share transfers, 2 funding rounds, 2 rights issues), with disclosed funding of ₹12.32 Cr; the latest was in March 2024.
The peers of Stulz - Chspl (India) by revenue are Highly Electrical Appliances India Private Limited, Doosan Bobcat India Private Limited, Burckhardt Compression (India) Private Limited, Kaeser Compressors (India) Private Limited, Tecumseh Products India Private Limited and 5 more, all in the Machinery and Equipment industry (Compressors).
Marc Oliver Stulz was appointed as Director on 13 Jan 2023. Kurt Juergen Ploetner ceased to be Nominee Director on 25 May 2022. Leena Suresh was appointed as Director on 18 Sep 2017. Stulz - Chspl (India) has 14 board changes on record in total.