About Tema India Private Limited
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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 596 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 3 peer companies in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 1 larger and 2 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.
Company details
Name history
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
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 |
Contact details
Tema India Private Limited's registered office is in Mumbai, Maharashtra. Its website is temaindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- 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
To see the full contact details of Tema India Private Limited, buy the company report.
- 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
Brands
Tema India operates one associated brand: Tema India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures heat exchangers | temaindia.com |
Business activity
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 | 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 Tema India Private Limited, buy the company report.
Financials of Tema India Private Limited
FY 2025 filings availableTema India Private Limited reported revenue of ₹541.18 Cr (up 33% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
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| Total Expenses | |||||
| EBITDA | ₹126.14 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹78.15 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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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 | 23.3% | ||||
| Net Profit Margin | 14.4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| 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 Tema India Private Limited, buy the company report.
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 5 Months | Current |
| Chetan Suman Doshi | Whole-Time Director | 19 Sep 2012 | 14 Years 1 Months | Current |
| Haresh Khushi Sippy Also directs: Tema Empowerment Foundation, Tema Welfare Foundation | Managing Director | 19 Sep 2012 | 14 Years 1 Months | Current |
| Akhil Haresh Sippy | Ceo | 05 Jul 2024 | 2 Years 4 Months | Current |
| Bharat Dhirajlal Gandhi | Director | 15 May 2024 | 2 Years 5 Months | Current |
| Vinod Achyut Narvekar Also directs: Tema Welfare Foundation | Cfo | 01 Feb 2018 | 8 Years 9 Months | Current |
Peer comparison
Tema India Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), 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 |
|---|---|---|---|---|---|---|
| Autometers Alliance Limited | ₹553.36 Cr (FY 2025) | 35.0% | New Delhi, Delhi, India | |||
| Tema India Private Limitedthis company | ₹541.18 Cr (FY 2025) | ₹78.15 Cr | 14.4% | 33.0% | 596 | Mumbai, Maharashtra, India |
| Rosmerta Safety Systems Limited | ₹534.17 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Kumar Precision Stampings Private Limited | ₹529.55 Cr (FY 2025) | 27.0% | Bahadurgarh, Haryana, India |
To see the full peer comparison of Tema India Private Limited, buy the company report.
Auditor
Tema India Private Limited is audited by Price Waterhouse Chartered Accountants LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP | FY 2023 | 012754N/N500016 |
Shareholding
The shareholding of Tema India Private 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 Tema India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jul 2022 | 100593743 | Others | ₹8 Lakh | Open | |
| 16 Sep 2019 | 100294580 | Tata Capital Financial Services Limited | ₹86.27 Lakh | Open | |
| 12 Mar 2015 | 10554186 | Sbicap Trustee Company Limited | ₹650 Cr | Open | |
| 05 Mar 2020 | 100334356 | Others | ₹5 Cr | Satisfied | |
| 30 Sep 2019 | 100301366 | Others | ₹43.71 Lakh | Satisfied |
To see the full charge records of Tema India Private Limited, buy the company report.
Total charge records: 44 View all charges
Deals & funding
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 |
To see the full deal history of Tema India Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
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.
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. (Satco) | Disposed |
To see the full case history of Tema India 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
Tema India Private Limited was last rated by Icra on 25 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 25 Jun 2021 |
To see the full credit ratings and regulatory alerts of Tema India Private Limited, buy the company report.
MSME payment delays
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 |
To see the full MSME payment records of Tema India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Tema India Private Limited has a workforce of 596 employees on its EPFO records as of May 2026, across 3 active EPFO establishments.
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 596 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Tema India Private Limited, buy the company report.
GST
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 |
To see the full GST registrations and return filing status of Tema India Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 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
The latest financial statements of Tema India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
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, Rosmerta Safety Systems Limited, Kumar Precision Stampings Private Limited, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
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.
Tema India has 19 MSME Form 1 returns on record between 2019 and 2024, listing 5,162 overdue payments to 28 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Tema India can be reached through the website temaindia.com. Its registered office is in Mumbai, Maharashtra, India.
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