MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-33-0072195
Thermal Energy Service Solutions Private Limited - transport and logistics in Navi Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2026
₹44.02 Cr
▲ 159% YoY
Net profit · FY 2026
₹1.79 Cr
Net margin 4.1%
EBITDA · FY 2026
₹3.09 Cr
EBITDA margin 7%
Authorised capital
₹15 Lakh
Registered with MCA
Paid-up capital
₹5.36 Lakh
Issued & subscribed
Open charges
₹8.94 Cr
Satisfied ₹2.11 Cr
Company age
13 yrs
Est. 2013
Employees · EPFO
29
Provident fund records
About Thermal Energy Service Solutions Private Limited
Data last updated:
Thermal Energy Service Solutions Private Limited is a private limited company based in Navi Mumbai, Maharashtra, India. It operates in the cold storage and warehousing services segment of the transport and logistics sector. It was incorporated on 07 February 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29220MH2013PTC240243. Its GSTIN is 27AAECT5422E1ZJ (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹5.36 Lakh. It is led by directors including Puneet Jetli and Rajat Gupta.
Its last annual general meeting (AGM) was held on 29 August 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Plot No R – 511 Ttc Industrial Area, MIDC Rabale Navi Mumbai, Maharashtra, India – 400701.
As per the financials filed for FY 2026, the company reported a revenue of ₹44.02 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹1.79 Cr (net margin 4.1%) and EBITDA of ₹3.09 Cr (EBITDA margin 7%). Revenue has grown at a compounded annual rate (CAGR) of 49% over three years and 54% over five years.
The company has about 29 employees on its provident fund (EPFO) records.
The company is associated with 2 brands: Tessol and Thermal Energy Service Solutions. As per MCA filings, the company has open charges of ₹8.94 Cr and satisfied charges of ₹2.11 Cr on record. The company has 8 deals on record (5 funding rounds, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹17.43 Cr; the latest was in June 2022. The company has 3 MSME Form 1 returns on record between 2023 and 2024, listing 80 overdue payments to 26 micro and small suppliers.
Thermal Energy Service Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-33-0072195). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website tessol.in.
Company details
CIN U29220MH2013PTC240243
Registration Number 240243
Incorporation Date 07 February 2013
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 August 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-33-0072195
Recognitions & Rankings of Thermal Energy Service Solutions
Contact details
Thermal Energy Service Solutions Private Limited's registered office is in Navi Mumbai, Maharashtra. Its website is tessol.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No R – 511 Ttc Industrial Area, MIDC Rabale Navi Mumbai, Maharashtra, India – 400701
- IndustryTransport and Logistics, Cold Storage & Warehousing Services
To see the full contact details of Thermal Energy Service Solutions Private Limited, buy the company report.
Comprehensive company report
Thermal Energy Service Solutions Private Limited - one report that includes everything
- 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
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Brands
Thermal Energy Service Solutions operates two associated brands: TESSOL and Thermal Energy Service Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of a end-to-end technology solutions for temperature-controlled logistics and storage, leveraging proprietary technology and phase-change materials to ensure product preservation and environmental sustainability | tessol.in | |
| Cold chain solutions are manufactured and supplied for temperature-controlled storage. | tessolcoldchain.com |
Business activity
The main business activities of Thermal Energy Service Solutions are manufacturing and transport and storage. In detail, this covers manufacture of electrical equipment and warehousing and storage. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | 27 | Manufacture of electrical equipment | |
| H | Transport and storage | H6 | Warehousing and storage |
To see the full business activity and turnover split of Thermal Energy Service Solutions Private Limited, buy the company report.
Financials of Thermal Energy Service Solutions Private Limited
FY 2026 filings availableThermal Energy Service Solutions Private Limited reported revenue of ₹44.02 Cr (up 159% YoY) for FY 2026.
Revenue · FY 2026
₹44.02 Cr ▲ 159%
Net profit · FY 2026
₹1.79 Cr margin 4.1%
EBITDA · FY 2026
₹3.09 Cr margin 7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 159%
3 years · compounded
▲ 49%
5 years · compounded
▲ 54%
EBITDA CAGR growth
1 year
▲ 179%
Revenue has grown at a compounded annual rate (CAGR) of 54% over five years, including 159% growth in the latest year. EBITDA rose 179% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹44.02 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹3.09 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.79 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 7% | ||||
| Net Profit Margin | 4.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Thermal Energy Service Solutions Private Limited, buy the company report.
Board of directors of Thermal Energy Service Solutions Private Limited
Thermal Energy Service Solutions has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Puneet Jetli | Director | 15 Jun 2022 | 4 Years 4 Months | Current |
| Rajat Gupta | Director | 07 Feb 2013 | 13 Years 9 Months | Current |
| Anil Gudibande Also directs: Sanaka India Advisors LLP, Hoi Food Concepts Private Limited, Parijat Industries (India) Limited and 5 more | Nominee Director | 11 Aug 2020 | 6 Years 2 Months | Current |
Auditor
Thermal Energy Service Solutions Private Limited is audited by Nishant S. Mehta & Co. for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Nishant S. Mehta & Co. | FY 2026 | 107266 |
Shareholding
The shareholding of Thermal Energy Service Solutions Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Thermal Energy Service Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹8.94 Cr
Satisfied charges
₹2.11 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Nov 2025 | 101198100 | Others | ₹2 Cr | Open | |
| 27 Nov 2025 | 101198101 | Others | ₹1.44 Cr | Open | |
| 28 Aug 2025 | 101153397 | Others | ₹3 Cr | Open | |
| 04 Oct 2024 | 100994300 | Others | ₹2.5 Cr | Open | |
| 14 Feb 2024 | 100878977 | Others | ₹85 Lakh | Satisfied |
To see the full charge records of Thermal Energy Service Solutions Private Limited, buy the company report.
Total charge records: 8 View all charges
Deals & funding
Thermal Energy Service Solutions Private Limited has 8 deals on record (5 funding rounds, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹17.43 Cr; the latest was in June 2022.
Total deals
8
Funding rounds
5
Acquisitions
2
Secondary share transfer
1
Disclosed funding
₹17.43 Cr
Deals on record (5 of 8)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Funding round · Series A | ₹2.47 Cr | Investors: 1Crowd Fund, Ukv Enterprises LLP , 2 individuals |
| Jan 2018 | Funding round | ₹74.9 Lakh | Investors: Ankur Capital, Infuse Ventures, an individual |
| Oct 2016 | Funding round | ₹4 Cr | Investors: Infuse Ventures, Ankur Capital |
| Dec 2014 | Acquisition | ₹3 Cr | Buyer: Infuse Ventures |
| Aug 2014 | Acquisition | ₹50 Lakh | Buyer: Infuse Ventures |
To see the full deal history of Thermal Energy Service Solutions 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
No court or tribunal cases involving Thermal Energy Service Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Thermal Energy Service Solutions Private Limited has 3 MSME Form 1 returns on record between 2023 and 2024, listing 80 overdue payments to 26 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 26)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Mivon Chemicals | |||
| Smithers Oasis (India) Private Limited | |||
| Frascold India Private Limited | |||
| an individual supplier |
To see the full MSME payment records of Thermal Energy Service Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Thermal Energy Service Solutions Private Limited has a workforce of 29 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
Employee count
29
Active EPFO establishments
1
Employee growth
26.09%
GST
Thermal Energy Service Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAECT5422E1ZJ | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Thermal Energy Service Solutions Private Limited, buy the company report.
Recent activity
Thermal Energy Service Solutions Private Limited has 9 board changes on record since 2013: 3 appointments and 6 cessations. The latest: Puneet Jetli ceased to be Additional Director on 30 Sep 2022.
Filing
Thermal Energy Service Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Mumbai.
Charges
A charge with Others amounted to Rs. 200.00 Lakh with Charge ID 101198100 was registered on 27 Nov 2025.
Charges
A charge with Others amounted to Rs. 144.00 Lakh with Charge ID 101198101 was registered on 27 Nov 2025.
Charges
A charge registered on 14 Feb 2024 via Charge ID 100878977 with Others was fully satisfied on 02 Sep 2025.
Charges
A charge registered on 10 May 2023 via Charge ID 100720893 with Others was fully satisfied on 02 Sep 2025.
Charges
A charge registered on 27 Jul 2017 via Charge ID 100114175 with Dena Bank was fully satisfied on 02 Sep 2025.
AGM
Thermal Energy Service Solutions Private Limited last Annual general meeting of members was held on 29 Aug 2025 as per latest MCA records.
Charges
A charge with Others amounted to Rs. 300.00 Lakh with Charge ID 101153397 was registered on 28 Aug 2025.
Charges
A charge with Others amounted to Rs. 250.00 Lakh with Charge ID 100994300 was registered on 04 Oct 2024.
Charges
A charge with Others amounted to Rs. 85.00 Lakh with Charge ID 100878977 was registered on 14 Feb 2024.
Charges
A charge with Others amounted to Rs. 50.00 Lakh with Charge ID 100720893 was registered on 10 May 2023.
Ceased
Puneet Jetli ceased to be Additional Director.
12 earlier events are in the company report.
News
Frequently asked questions
Thermal Energy Service Solutions is an active private limited company based in Navi Mumbai, Maharashtra, India. The company works in cold storage and warehousing services, within the transport and logistics industry. It was incorporated on 07 February 2013 (13+ years old) and is registered under CIN U29220MH2013PTC240243.
Thermal Energy Service Solutions has 3 current directors:
- Puneet Jetli - Director
- Rajat Gupta - Director
- Anil Gudibande - Nominee Director
The latest financial statements of Thermal Energy Service Solutions on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 29 August 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Thermal Energy Service Solutions is 27AAECT5422E1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Thermal Energy Service Solutions is U29220MH2013PTC240243. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thermal Energy Service Solutions was incorporated on 07 February 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
Thermal Energy Service Solutions has 8 deals on record (5 funding rounds, 2 acquisitions, 1 secondary share transfer), with disclosed funding of ₹17.43 Cr; the latest was in June 2022.
Puneet Jetli ceased to be Additional Director on 30 Sep 2022. Puneet Jetli was appointed as Director on 15 Jun 2022. Niranjana Neelakantan ceased to be Director on 19 Apr 2021. Thermal Energy Service Solutions has 9 board changes on record in total.
Yes, Thermal Energy Service Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-MH-33-0072195).
Thermal Energy Service Solutions has 3 MSME Form 1 returns on record between 2023 and 2024, listing 80 overdue payments to 26 micro and small suppliers. The latest return was filed on 29 Apr 2024.
Thermal Energy Service Solutions can be reached through the website tessol.in. Its registered office is in Navi Mumbai, Maharashtra, India.
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