About Thermal Associate Private Limited
Data last updated:
Thermal Associate Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 17 July 2002 and has been in existence for over 24 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U29119WB2002PTC094909. Its GSTIN is 19AABCT8447N1ZL (West Bengal).
The company has an authorised share capital of ₹45 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Dipankar Paul and Mitali Paul.
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 is at 55 Chowringhee Rd 2nd Flunit 32 Shakespeare Sarano, Kolkata, West Bengal, India – 700071.
As per the financials filed for FY 2024, the company reported a revenue of ₹31.49 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net profit of ₹3.6 Cr (net margin 11.4%) and EBITDA of ₹5.32 Cr (EBITDA margin 16.9%). Revenue has grown at a compounded annual rate (CAGR) of 48% over three years and 24% over five years.
The company has about 76 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Thermal Associate. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thermalassociate.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address55 Chowringhee Rd 2nd Flunit 32 Shakespeare Sarano, Kolkata, West Bengal, India – 700071
- 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 Thermal Associate Private Limited
The main business activity of Thermal Associate is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products | 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 Thermal Associate Private Limited FY 2024 filings available
Thermal Associate Private Limited reported revenue of ₹31.49 Cr (down 42% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Thermal Associate Private Limited
Revenue fell 42% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 24%. EBITDA fell 28% 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 Thermal Associate Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹5.32 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹3.6 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 Thermal Associate Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.4% | •••• | •••• | •••• | •••• |
| 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 Thermal Associate 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 Thermal Associate Private Limited
Thermal Associate Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Fine Blow Polymers Private Limited | •••• | •••• | •••• | •••• | 14 | Salem, Tamil Nadu, India |
| Furnotherm Glass Projects India Private Limited | •••• | •••• | •••• | •••• | - | Thane, Maharashtra, India |
| Excel Process Private Limited | •••• | •••• | •••• | •••• | 65 | Mumbai, Maharashtra, India |
| Jai Gopal Engineering Works & Gases Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| Superhub Komponents Private Limited | •••• | •••• | •••• | •••• | - | Kharkhoda, Haryana, India |
| Thermal Associate Private Limited this company | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Dhanvanti Engineering Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Eirich India Private Limited | •••• | •••• | •••• | •••• | 109 | Khed, Maharashtra, India |
| Plica India Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Dymes Engineers Pvt. Ltd. | •••• | •••• | •••• | •••• | - | Seri Lingampally, Telangana, India |
| Wadson Metals Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
Peers are the five companies nearest above and the five nearest below Thermal Associate by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Thermal Associate Private Limited
Thermal Associate Private Limited is audited by J. KHEMANI & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| J. KHEMANI & 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 Thermal Associate Private Limited
Thermal Associate has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dipankar Paul | Director | 17 Jul 2002 | 24 Years 2 Months | Current |
| Mitali Paul | Director | 17 Jul 2002 | 24 Years 2 Months | Current |
Ownership and Shareholding of Thermal Associate 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 Thermal Associate Private Limited
Thermal Associate Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Thermal Associate Private Limited
Thermal Associate Private Limited has 2 court cases on record: 2 filed by Thermal Associate. All cases are disposed. Status as checked on 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Calcutta High Court | Writ petition | Filed by the company against an individual | Disposed |
| Calcutta High Court | Writ petition | Filed by the company against Joint Commissioner of Sales Tax , Park Street Charge & Ors | Disposed |
Full case history
All 2 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 Thermal Associate Private Limited
Thermal Associate operates one associated brand: Thermal Associate. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of thermal engineering equipment and material handling systems. | thermalassociate.in |
Employees and EPFO Compliance at Thermal Associate Private Limited
Thermal Associate Private Limited has a workforce of 76 employees as of Apr 07, 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.
Recent Activity on Thermal Associate Private Limited
Thermal Associate Private Limited has 2 board changes on record since 2002: 2 appointments. The latest: Dipankar Paul was appointed as Director on 17 Jul 2002.
Credit Ratings, Litigation & Regulatory Alerts for Thermal Associate 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 Thermal Associate 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 Thermal Associate 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 Thermal Associate Private Limited
Thermal Associate has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AABCT8447N1ZL | West Bengal | 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 Thermal Associate 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 Thermal Associate Private Limited
Thermal Associate is an active private limited company based in Kolkata, West Bengal, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 17 July 2002 (24+ years old) and is registered under CIN U29119WB2002PTC094909.
Thermal Associate reported revenue of ₹31.49 Cr for FY 2024 (down 42% YoY).
Thermal Associate has 2 current directors:
- Dipankar Paul - Director
- Mitali Paul - Director
Thermal Associate reported a net profit of ₹3.6 Cr (net margin 11.4%) and EBITDA of ₹5.32 Cr (EBITDA margin 16.9%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Thermal Associate is 48% over three years and 24% over five years. In the latest year (FY 2024) revenue fell 42%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Thermal Associate is 19AABCT8447N1ZL, registered in West Bengal.
The CIN (Corporate Identification Number) of Thermal Associate is U29119WB2002PTC094909. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thermal Associate has 2 court cases on record: 2 filed by the company.
Thermal Associate was incorporated on 17 July 2002, making it 24+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Thermal Associate by revenue are Fine Blow Polymers Private Limited, Furnotherm Glass Projects India Private Limited, Excel Process Private Limited, Jai Gopal Engineering Works & Gases Private Limited, Superhub Komponents Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers).
Dipankar Paul was appointed as Director on 17 Jul 2002. Mitali Paul was appointed as Director on 17 Jul 2002.