Therm Flow Engineers Private Limited
About Therm Flow Engineers Private Limited
Data last updated:
Therm Flow Engineers Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 29 August 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29192GJ2002PTC041201. Its GSTIN is 24AABCT7264M2ZY (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Shivang Prakashchandra Patel and Sanjiv Narayanbhai Patel.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 5th Floor Kalpana Complex Nr. Memnagar Fire Station Navrangpura, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2025, the company reported a revenue of ₹389.77 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹14.66 Cr (net margin 3.8%) and EBITDA of ₹37.3 Cr (EBITDA margin 9.6%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 10% over five years.
Court records list 13 cases involving the company, including 1 filed by the company and 12 filed against it; 5 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
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- WebsiteLocked
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- Registered Address5th Floor Kalpana Complex Nr. Memnagar Fire Station Navrangpura, Ahmedabad, Gujarat, India – 380009
- IndustryConsumer Electronics & Durables, Electronics 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 Therm Flow Engineers Private Limited
The business activities of Therm Flow Engineers are registered with the MCA. The activity codes are listed below.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| Locked | Locked | D3 | Locked | 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 Therm Flow Engineers Private Limited FY 2025 filings available
Therm Flow Engineers Private Limited reported revenue of ₹389.77 Cr (up 4% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Therm Flow Engineers Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 10% over five years, including 4% growth 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 Therm Flow Engineers 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 | ₹37.3 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹14.66 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 Therm Flow Engineers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.8% | •••• | •••• | •••• | •••• |
| 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 Therm Flow Engineers 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 Therm Flow Engineers Private Limited
Therm Flow Engineers Private Limited is compared with the companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Deepak International Limited | ₹405.4 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Punjab, India |
| Loom Solar Private Limited | ₹398.98 Cr (FY 2025) | •••• | •••• | 162.0% | •••• | Faridabad, Haryana, India |
| Micromax Informatics Limited | ₹396.24 Cr (FY 2025) | •••• | •••• | 175.0% | •••• | New Delhi, Delhi, India |
| KCM Appliances Private Limited | ₹394.41 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | Manjeri, Kerala, India |
| Unique Energos Private Limited | ₹390.98 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Yamuna Nagar, Haryana, India |
| Therm Flow Engineers Private Limited this company | ₹389.77 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Ahmedabad, Gujarat, India |
| Axitec Energy India Private Limited | ₹382.04 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Delhi, India |
| Next Generation Manufacturers Private Limited | ₹380.85 Cr (FY 2025) | •••• | •••• | 106.0% | •••• | Ahmednagar, Maharashtra, India |
| Glen Appliances Private Limited | ₹379.36 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Faridabad, Haryana, India |
| Greenchef Appliances Limited | ₹373.98 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Tumkur, Karnataka, India |
| Digidrive Infogain Private Limited | ₹373.8 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Therm Flow Engineers by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), 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 Therm Flow Engineers Private Limited
Therm Flow Engineers Private Limited is audited by DIVYANG N PATEL & CO for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DIVYANG N PATEL & 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 Therm Flow Engineers Private Limited
Therm Flow Engineers has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shivang Prakashchandra Patel Also directs: Shiv Fintrade LLP, Patels Airtemp (India) Limited | Director | 14 Jun 2018 | 8 Years 3 Months | Current |
| Sanjiv Narayanbhai Patel | Director | 01 Oct 2009 | 17 Years 0 Months | Current |
| Bhavesh Devidas Narumalani | Director | 29 Aug 2002 | 24 Years 1 Months | Current |
| Aarti Prakashbhai Patel | Director | 22 Jun 2015 | 11 Years 3 Months | Current |
Ownership and Shareholding of Therm Flow Engineers 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 Therm Flow Engineers Private Limited
Therm Flow Engineers Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Therm Flow Engineers Private Limited
Therm Flow Engineers Private Limited has 13 court cases on record: 1 filed by Therm Flow Engineers, 12 filed against it. 5 cases are pending and 8 are disposed. Status as checked between 21 Sep 2026 and 05 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| NCLAT | 10 | 9 | 4 |
| NCLT | 2 | 2 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 13)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| NCLAT, New Delhi | Company appeal | Filed against the company by an individual | Pending |
| NCLAT, New Delhi | Company appeal | Filed against the company by an individual | Pending |
| NCLT, Ahmedabad | Interim or miscellaneous application | Filed against the company by an individual | Pending |
| NCLAT, New Delhi | Interim or miscellaneous application | Filed against the company by individuals | Disposed |
Full case history
All 13 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.
Employees and EPFO Compliance at Therm Flow Engineers Private Limited
Employment history and EPFO contributions of people linked to Therm Flow Engineers.
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.
Recent Activity on Therm Flow Engineers Private Limited
Therm Flow Engineers Private Limited has 11 board changes on record since 2002: 4 appointments and 7 cessations. The latest: Narayanbhai Gangaram Patel ceased to be Director on 03 Oct 2023.
2 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Therm Flow Engineers 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 Therm Flow Engineers 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 Therm Flow Engineers 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 Therm Flow Engineers Private Limited
Therm Flow Engineers has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCT7264M2ZY | Gujarat | Active | 10 Aug 2018 |
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 Therm Flow Engineers 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 Therm Flow Engineers Private Limited
Therm Flow Engineers is an active private limited company based in Ahmedabad, Gujarat, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 29 August 2002 (24+ years old) and is registered under CIN U29192GJ2002PTC041201.
Therm Flow Engineers reported revenue of ₹389.77 Cr for FY 2025 (up 4% YoY).
Therm Flow Engineers has 4 current directors:
- Shivang Prakashchandra Patel - Director
- Sanjiv Narayanbhai Patel - Director
- Bhavesh Devidas Narumalani - Director
- Aarti Prakashbhai Patel - Director
Therm Flow Engineers reported a net profit of ₹14.66 Cr (net margin 3.8%) and EBITDA of ₹37.3 Cr (EBITDA margin 9.6%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Therm Flow Engineers is 9% over three years and 10% over five years. In the latest year (FY 2025) revenue rose 4%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Therm Flow Engineers is 24AABCT7264M2ZY, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Therm Flow Engineers is U29192GJ2002PTC041201. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Therm Flow Engineers has 13 court cases on record: 1 filed by the company and 12 filed against it. 5 are pending. Most are in the nclat.
Therm Flow Engineers was incorporated on 29 August 2002, making it 24+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Therm Flow Engineers by revenue are Deepak International Limited, Loom Solar Private Limited, Micromax Informatics Limited, KCM Appliances Private Limited, Unique Energos Private Limited and 5 more, all in the Consumer Durables industry (Electronic Appliances Manufacturing).
Narayanbhai Gangaram Patel ceased to be Director on 03 Oct 2023. Prakash Narayanbhai Patel ceased to be Director on 15 Feb 2019. Shivang Prakashchandra Patel ceased to be Additional Director on 28 Sep 2018. Therm Flow Engineers has 11 board changes on record in total.