Therm Air Technology Private Limited
About Therm Air Technology Private Limited
Data last updated:
Therm Air Technology Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 08 November 1988.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U28100MH1988PTC049577. Its GSTIN is 27AAACT3154B1ZS (Maharashtra). The company held 2 GST registrations, of which 1 is active.
The company had an authorised share capital of ₹20 Lakh and a paid-up capital of ₹16.42 Lakh. It was led by directors including Bakulesh Manubhai Nagarsheth and Subhash Manubhai Nagarsheth.
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 was at 119/127 Dr Mascernas Rd 3 Rdflr Anjeerwadi Opp Hosnabad Mazagaon, Mumbai, Maharashtra, India – 400010.
As per MCA filings, the company had satisfied charges of ₹1.14 Cr on record. Court records list 1 case involving the company, including 1 filed against it.
Company details
CIN history
Therm Air Technology has one previous CIN (Corporate Identification Number): U28100MH2004PTC049577. The current CIN is U28100MH1988PTC049577, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U28100MH1988PTC049577 | Current |
| U28100MH2004PTC049577 | Previous |
Contact details
Therm Air Technology Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address119/127 Dr Mascernas Rd 3 Rdflr Anjeerwadi Opp Hosnabad Mazagaon, Mumbai, Maharashtra, India – 400010
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Therm Air Technology 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
Business activity
The main business activity of Therm Air Technology is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
Financials of Therm Air Technology Private Limited
FY 2024 filings availableTherm Air Technology Private Limited reported revenue of ₹2,000 (down 97% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 60% over five years, including a 97% fall 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
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Financial Ratios
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To see the full financial statements and ratios of Therm Air Technology Private Limited, buy the company report.
Board of directors of Therm Air Technology Private Limited
Therm Air Technology has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bakulesh Manubhai Nagarsheth | Director | 08 Nov 1988 | 37 Years 11 Months | As last reported |
| Subhash Manubhai Nagarsheth Also directs: Altop Industries Ltd | Director | 08 Nov 1988 | 37 Years 11 Months | As last reported |
| Vilas Sunil Nagarsheth Also directs: Altop Controls Private Limited | Director | 01 Mar 2025 | 1 Years 7 Months | As last reported |
Auditor
Therm Air Technology Private Limited is audited by K A R M & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K A R M & CO | FY 2018 | 105237W |
Shareholding
The shareholding of Therm Air Technology Private Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Therm Air Technology Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 22 Dec 2003 | 90220477 | Corporation Bank | ₹42 Lakh | Satisfied | |
| 22 Dec 2003 | 90225301 | Corporation Bank | ₹15 Lakh | Satisfied | |
| 21 Oct 2003 | 90223481 | Corporation Bank | ₹57 Lakh | Satisfied |
To see the full charge records of Therm Air Technology Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Therm Air Technology Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by State THR. M. L. Dhone | Disposed |
To see the full case history of Therm Air Technology 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Therm Air Technology Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Therm Air Technology has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT3154B1ZS | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Therm Air Technology Private Limited, buy the company report.
Recent activity
Therm Air Technology Private Limited has 8 board changes on record since 1988: 3 appointments and 5 cessations. The latest: Bakulesh Manubhai Nagarsheth ceased to be Director on 01 Mar 2025.
5 earlier events are in the company report.
Frequently asked questions
Therm Air Technology has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Therm Air Technology was a private limited company based in Mumbai, Maharashtra, India. The company worked in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 08 November 1988 and is registered under CIN U28100MH1988PTC049577. The company has been struck off by the Registrar of Companies and is no longer operational.
Therm Air Technology had 3 directors:
- Bakulesh Manubhai Nagarsheth - Director
- Subhash Manubhai Nagarsheth - Director
- Vilas Sunil Nagarsheth - Director
The CIN (Corporate Identification Number) of Therm Air Technology is U28100MH1988PTC049577. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Therm Air Technology is at 119127 Dr Mascernas Rd 3 Rdflr Anjeerwadi Opp Hosnabad Mazagaon, Mumbai, Maharashtra, India – 400010.
Therm Air Technology was incorporated on 08 November 1988. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Therm Air Technology 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 Therm Air Technology is 27AAACT3154B1ZS, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
Therm Air Technology operated in the consumer electronics and durables industry, in the electronic appliances retail and distribution segment. It worked in this industry before it was struck off.
Therm Air Technology has 1 court case on record: 1 filed against it.
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