About Thermal Systems (Hyderabad)Private Limited
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Thermal Systems (Hyderabad)Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 04 November 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U31909TG1991PTC013404. Its GSTIN is 36AAACT9825H1Z3 (Telangana). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹11.98 Cr. It is led by directors including Veer Raju Polina (Managing Director) and Marni Srinivasa Rao (Whole-Time Director).
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 Hyderabad, Telangana.
As per the financials filed for FY 2025, the company reported a revenue of ₹610.97 Cr, a growth of 20% compared to the previous year. For the same year it recorded a net profit of ₹40.48 Cr (net margin 6.6%) and EBITDA of ₹62.02 Cr (EBITDA margin 10.2%). Revenue has grown at a compounded annual rate (CAGR) of 43% over three years and 32% over five years.
The company is associated with 1 brand: Thermal Systems. As per MCA filings, the company has open charges of ₹372.01 Cr and satisfied charges of ₹201.99 Cr on record. Court records list 39 cases involving the company, including 17 filed by the company and 22 filed against it; 3 cases are pending. The company has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹6.98 Cr; the latest was in March 2023.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thermalindia.com.
Company details
CIN history
Thermal Systems (Hyderabad) has one previous CIN (Corporate Identification Number): U31909AP1991PTC013404. The current CIN is U31909TG1991PTC013404, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U31909TG1991PTC013404 | Current |
| U31909AP1991PTC013404 | Previous |
Contact details
Thermal Systems (Hyderabad)Private Limited's registered office is in Hyderabad, Telangana. Its website is thermalindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No. 172 Plot No. 158 Ida Jinnaram Mandal Medak District Bollara, M, Hyderabad, Telangana, India – 502325
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Thermal Systems (Hyderabad)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
Thermal Systems (Hyderabad) operates one associated brand: Thermal Systems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of waste recycling services | thermalindia.com |
Business activity
The main business activity of Thermal Systems (Hyderabad) is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Thermal Systems (Hyderabad)Private Limited, buy the company report.
Financials of Thermal Systems (Hyderabad)Private Limited
FY 2025 filings availableThermal Systems (Hyderabad)Private Limited reported revenue of ₹610.97 Cr (up 20% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 20% growth in the latest year. EBITDA rose 51% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹610.97 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹62.02 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹40.48 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Fixed Assets | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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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 | 10.2% | ||||
| Net Profit Margin | 6.6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
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| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Thermal Systems (Hyderabad)Private Limited, buy the company report.
Board of directors of Thermal Systems (Hyderabad)Private Limited
Thermal Systems (Hyderabad) has 6 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Veer Raju Polina | Managing Director | 04 Nov 1991 | 35 Years 0 Months | Current |
| Sesha Ratnam Polina | Director | 04 Nov 1991 | 35 Years 0 Months | Current |
| Ananda Rao Mullapudi | Director | 16 Aug 1993 | 33 Years 2 Months | Current |
| Marni Srinivasa Rao Also directs: SSM Tech Solutions Private Limited, TSPL Infra Private Limited | Whole-Time Director | 29 Aug 2011 | 15 Years 2 Months | Current |
| Venkata Ramachandra Rao Satyavada Also directs: Karur Projects LLP, CCL Products (India) Limited, Resource Inputs Private Limited and 1 more | Director | 03 Sep 2012 | 14 Years 2 Months | Current |
| Marni Madhavi Also directs: SSM Tech Solutions Private Limited, TSPL Infra Private Limited | Whole-Time Director | 01 Mar 2026 | 0 Years 8 Months | Current |
Auditor
Thermal Systems (Hyderabad)Private Limited is audited by Pendyala & Co for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pendyala & Co | FY 2025 | 02632S |
Shareholding
The shareholding of Thermal Systems (Hyderabad)Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Thermal Systems (Hyderabad)Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Jan 2026 | 101250701 | Sbicap Trustee Company Limited | ₹45 Cr | Open | |
| 19 Dec 2025 | 101202301 | Yes Bank Limited | ₹79.5 Cr | Open | |
| 28 Mar 2023 | 100714299 | Hdfc Bank Limited | ₹29.78 Lakh | Open | |
| 30 Nov 2019 | 100310097 | Others | ₹247.21 Cr | Open | |
| 12 Aug 2024 | 100963683 | Yes Bank Limited | ₹86 Cr | Satisfied |
To see the full charge records of Thermal Systems (Hyderabad)Private Limited, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Thermal Systems (Hyderabad)Private Limited has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹6.98 Cr; the latest was in March 2023.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2023 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Apr 2022 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Sep 2012 | Funding round | ₹6 Cr | Investors: 4 individuals |
| Jul 2011 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
To see the full deal history of Thermal Systems (Hyderabad)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
Thermal Systems (Hyderabad)Private Limited has 39 court cases on record: 17 filed by Thermal Systems (Hyderabad), 22 filed against it. 3 cases are pending and 36 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 35 | 18 | 2 |
| District courts | 4 | 4 | 1 |
Cases on record (5 of 39)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, ANDHRA PRADESH | Writ petition | Filed by the company against Boudh Distillery Pvt.Ltd, Kolkata and 1 other | Disposed |
| High Court, TELANGANA | Court case (CRLP) | Filed against the company by M/S. Kohinoor Steel (Pvt) Ltd., and 3 others | Disposed |
| High Court, TELANGANA | Writ petition | Filed by the company against Central Power Distribution Company of Andhra Pradesh Ltd., and 5 others | Disposed |
| High Court, TELANGANA | Court case (TRCRLP) | Filed against the company by M/S. Kohinoor Steel (Pvt) Ltd., and 3 others | Disposed |
| High Court, TELANGANA | Appeal | Filed by the company against M/S. Shriram Energy Systems Ltd., and 7 others | Disposed |
To see the full case history of Thermal Systems (Hyderabad)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
Thermal Systems (Hyderabad)Private Limited was last rated by Crisil on 15 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Jun 2020 |
To see the full credit ratings and regulatory alerts of Thermal Systems (Hyderabad)Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Thermal Systems (Hyderabad)Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Thermal Systems (Hyderabad) has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAACT9825H1Z3 | Telangana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Thermal Systems (Hyderabad)Private Limited, buy the company report.
Recent activity
Thermal Systems (Hyderabad)Private Limited has 11 board changes on record since 1991: 6 appointments and 5 cessations. The latest: Marni Madhavi was appointed as Whole-Time Director on 01 Mar 2026.
39 earlier events are in the company report.
Frequently asked questions
Thermal Systems (Hyderabad) is an active private limited company based in Hyderabad, Telangana, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 04 November 1991 (35+ years old) and is registered under CIN U31909TG1991PTC013404.
Thermal Systems (Hyderabad) has 6 current directors:
- Veer Raju Polina - Managing Director
- Marni Srinivasa Rao - Whole-Time Director
- Marni Madhavi - Whole-Time Director
- Sesha Ratnam Polina - Director
- Ananda Rao Mullapudi - Director
- Venkata Ramachandra Rao Satyavada - Director
The latest financial statements of Thermal Systems (Hyderabad) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Thermal Systems (Hyderabad) is 36AAACT9825H1Z3, registered in Telangana. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Thermal Systems (Hyderabad) is U31909TG1991PTC013404. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thermal Systems (Hyderabad) has 39 court cases on record: 17 filed by the company and 22 filed against it. 3 are pending. Most are in the high courts.
Thermal Systems (Hyderabad) was incorporated on 04 November 1991, making it 35+ years old. It is registered with the Registrar of Companies, Hyderabad.
Thermal Systems (Hyderabad) has 6 deals on record (4 secondary share transfers, 2 funding rounds), with disclosed funding of ₹6.98 Cr; the latest was in March 2023.
Marni Madhavi was appointed as Whole-Time Director on 01 Mar 2026. Satyanarayana Polina ceased to be Director on 29 Sep 2012. Subramanyeswara Rao Kudaravalli ceased to be Additional Director on 29 Sep 2012. Thermal Systems (Hyderabad) has 11 board changes on record in total.
Thermal Systems (Hyderabad) can be reached through the website thermalindia.com. Its registered office is in Hyderabad, Telangana, India.
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