About Tema India Private Limited
Data last updated:
Tema India Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 21 December 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29192MH1984PTC034861. Its GSTIN is 27AAACT1735C1ZR (Maharashtra). The company holds 4 GST registrations, all of them active.
The company has an authorised share capital of ₹52.5 Cr and a paid-up capital of ₹5.13 Cr. It was formerly known as Tema Exchangers Manufactures Ltd and Tema Exchangers Manufactures Pvt. Ltd. It is led by directors including Haresh Khushi Sippy (Managing Director) and Chetan Suman Doshi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹541.18 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹78.15 Cr (net margin 14.4%) and EBITDA of ₹126.14 Cr (EBITDA margin 23.3%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 23% over five years.
The company has about 602 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Tema India. As per MCA filings, the company has open charges of ₹650.94 Cr and satisfied charges of ₹935.95 Cr on record. Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending. The company has 13 deals on record (10 secondary share transfers, 3 funding rounds), with disclosed funding of ₹48.14 Cr; the latest was in March 2024. Its 10 peer companies in the Machinery and Equipment industry (Industrial Products Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Autometers Alliance Limited with revenue of ₹553.36 Cr. The company has 19 MSME Form 1 returns on record between 2019 and 2024, listing 5,162 overdue payments to 28 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website temaindia.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressDarabshaw House 1st Floor Plot No. 11, Shoorji Vallabhdas Marg Ballard Estate, Mumbai, Maharashtra, India – 400001
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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 Tema India Private Limited
The main business activity of Tema India is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| 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 |
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 Tema India Private Limited FY 2025 filings available
Tema India Private Limited reported revenue of ₹541.18 Cr (up 33% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Tema India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 33% growth in the latest year. EBITDA rose 30% 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 of Tema 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 | ₹126.14 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹78.15 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 of Tema India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 14.4% | •••• | •••• | •••• | •••• |
| 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 Tema 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 Tema India Private Limited
Tema India Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Autometers Alliance Limited | ₹553.36 Cr (FY 2025) | •••• | •••• | 35.0% | •••• | New Delhi, Delhi, India |
| Spirotech Heat Exchangers Private Limited | ₹552.58 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Vasaka Promoters and Developers Private Limited | ₹551.09 Cr (FY 2024) | •••• | •••• | -29.0% | •••• | Bangalore, Karnataka, India |
| Rama Cylinders Private Limited | ₹547.24 Cr (FY 2022) | •••• | •••• | 57.0% | •••• | Mumbai, Maharashtra, India |
| VSP Enterprises Private Limited | ₹546.68 Cr (FY 2024) | •••• | •••• | 45.0% | •••• | New Delhi, Delhi, India |
| Tema India Private Limited this company | ₹541.18 Cr (FY 2025) | •••• | •••• | 33.0% | •••• | Mumbai, Maharashtra, India |
| John Crane Sealing Systems India Private Limited | ₹536.88 Cr (FY 2025) | •••• | •••• | 7.0% | •••• | Bangalore, Karnataka, India |
| Jay Fe Cylinders Limited | ₹536.1 Cr (FY 2022) | •••• | •••• | 71.0% | •••• | Delhi, India |
| Rosmerta Safety Systems Limited | ₹534.17 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | New Delhi, Delhi, India |
| Janatics India Private Limited | ₹530.76 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Coimbatore, Tamil Nadu, India |
| Kumar Precision Stampings Private Limited | ₹529.55 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Bahadurgarh, Haryana, India |
Peers are the five companies nearest above and the five nearest below Tema India by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), 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 Tema India Private Limited
Tema India Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Price Waterhouse Chartered Accountants LLP | 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 and KMP of Tema India Private Limited
Tema India Private Limited currently reports 4 directors and 2 key managerial personnel. 25 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Jayesh Gandhi | Director | 07 Jun 2023 | 3 Years 4 Months | Current |
| Chetan Suman Doshi | Whole-Time Director | 19 Sep 2012 | 14 Years 0 Months | Current |
| Haresh Khushi Sippy Also directs: Tema Empowerment Foundation, Tema Welfare Foundation | Managing Director | 19 Sep 2012 | 14 Years 0 Months | Current |
| Akhil Haresh Sippy Also directs: Tema Empowerment Foundation, Tema Welfare Foundation | Ceo | 05 Jul 2024 | 2 Years 3 Months | Current |
| Bharat Dhirajlal Gandhi | Director | 15 May 2024 | 2 Years 4 Months | Current |
| Vinod Achyut Narvekar Also directs: Tema Welfare Foundation | Cfo | 01 Feb 2018 | 8 Years 8 Months | Current |
Ownership and Shareholding of Tema 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 Tema India Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 Jul 2022 | Others | ₹8 Lakh | Open |
| 16 Sep 2019 | Tata Capital Financial Services Limited | ₹86.27 Lakh | Open |
| 12 Mar 2015 | Sbicap Trustee Company Limited | ₹650 Cr | Open |
| 05 Mar 2020 | Others | ₹5 Cr | Satisfied |
| 30 Sep 2019 | Others | ₹43.71 Lakh | Satisfied |
Total charge records: 44 View all charges
Deals & Funding of Tema India Private Limited
Tema India Private Limited has 13 deals on record (10 secondary share transfers, 3 funding rounds), with disclosed funding of ₹48.14 Cr; the latest was in March 2024.
Deals on record (5 of 13)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: Metalium Impex Private Limited, Tata Capital Special Situations Fund, TPG NewQuest (Newquest Capital Partners), an individual |
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: Metalium Impex Private Limited Seller: TPG NewQuest (Newquest Capital Partners) |
| Jun 2023 | Secondary share transfer | Undisclosed | Seller: TPG NewQuest (Newquest Capital Partners), Tata Capital Special Situations Fund, an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2023 | Secondary share transfer | Undisclosed | Seller: Tata Capital Special Situations Fund |
Full deal history
All 13 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 Tema India Private Limited
Tema India Private Limited has 3 court cases on record: 2 filed by Tema India, 1 filed against it. 1 case is pending and 2 are disposed. Status as checked between 21 Sep 2026 and 30 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Pending |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by Himmatrao D Shinde State of Maharashtra | Disposed |
| Supreme Court | Court case | Filed by the company against Seok-Am-Tech-Co. Ltd | Disposed |
Full case history
All 3 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.
MSME Payment Delays by Tema India Private Limited
Tema India Private Limited has 19 MSME Form 1 returns on record between 2019 and 2024, listing 5,162 overdue payments to 28 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 28)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Stallion Engineering Co | •••• | •••• | •••• |
| P K Carbonics Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Deepweld Agencies | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 19 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Associated Brands with Tema India Private Limited
Tema India operates one associated brand: Tema India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures heat exchangers | temaindia.com |
Employees and EPFO Compliance at Tema India Private Limited
Tema India Private Limited has a workforce of 602 employees as of Apr 01, 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.
Name History of Tema India Private Limited
Tema India has undergone 2 name changes throughout its history. The company was previously known as Tema Exchangers Manufactures Ltd, and Tema Exchangers Manufactures Pvt. Ltd. The current legal name is Tema India Private Limited.
| Company Name | Status |
|---|---|
| Tema India Private Limited | Current |
| Tema Exchangers Manufactures Ltd | Previous |
| Tema Exchangers Manufactures Pvt. Ltd | Previous |
CIN History of Tema India Private Limited
Tema India has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U29192MH1984PTC034861, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29192MH1984PTC034861 | Current |
| U29192MH1984PLC034861 | Previous |
| U28299MH1984PTC034861 | Previous |
Recent Activity on Tema India Private Limited
Tema India Private Limited has 30 board changes on record since 2007: 6 appointments and 24 cessations. The latest: Akhil Haresh Sippy was appointed as CEO on 05 Jul 2024.
114 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Tema 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.
Subsidiaries & Group Companies of Tema 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 Tema India Private Limited
Tema India has 4 GST registrations: 4 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT1735C1ZR | Maharashtra | Active | 01 Jul 2017 |
| 27AAACT1735C2ZQ | Maharashtra | Active | 01 Nov 2017 |
| 24AAACT1735C1ZX | Gujarat | Active | 01 Jul 2017 |
| 26AAACT1735C1ZT | Dadra and Nagar Haveli and Daman and Diu | 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 Tema 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 Tema India Private Limited
Tema India is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 21 December 1984 (42+ years old) and is registered under CIN U29192MH1984PTC034861.
Tema India reported revenue of ₹541.18 Cr for FY 2025 (up 33% YoY).
Tema India has 6 current directors and KMP:
- Haresh Khushi Sippy - Managing Director
- Chetan Suman Doshi - Whole-Time Director
- Ashish Jayesh Gandhi - Director
- Bharat Dhirajlal Gandhi - Director
- Akhil Haresh Sippy - Ceo
- Vinod Achyut Narvekar - Cfo
Tema India reported a net profit of ₹78.15 Cr (net margin 14.4%) and EBITDA of ₹126.14 Cr (EBITDA margin 23.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Tema India is 29% over three years and 23% over five years. In the latest year (FY 2025) revenue rose 33%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Tema India is 27AAACT1735C1ZR, registered in Maharashtra. The company has 4 GST registrations in all, of which 4 are active. Other active GSTINs include 27AAACT1735C2ZQ (Maharashtra), 24AAACT1735C1ZX (Gujarat), 26AAACT1735C1ZT (Dadra and Nagar Haveli and Daman and Diu).
The CIN (Corporate Identification Number) of Tema India is U29192MH1984PTC034861. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Tema India has 3 court cases on record: 2 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Tema India was incorporated on 21 December 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Tema India has 13 deals on record (10 secondary share transfers, 3 funding rounds), with disclosed funding of ₹48.14 Cr; the latest was in March 2024.
The peers of Tema India by revenue are Autometers Alliance Limited, Spirotech Heat Exchangers Private Limited, Vasaka Promoters and Developers Private Limited, Rama Cylinders Private Limited, VSP Enterprises Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers).
Akhil Haresh Sippy was appointed as CEO on 05 Jul 2024. Bharat Dhirajlal Gandhi was appointed as Director on 15 May 2024. Devendra P Bansal ceased to be Additional Director on 09 Feb 2024. Tema India has 30 board changes on record in total.