MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0009815
Thermax Cooling Solutions Limited - machinery and equipment in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹3.92 Cr
Latest filing
Net profit · FY 2025
₹20.4 Lakh
Net margin 5.2%
EBITDA · FY 2025
₹36.88 Lakh
EBITDA margin 9.4%
Authorised capital
₹50 Cr
Registered with MCA
Paid-up capital
₹10 Cr
Issued & subscribed
Satisfied charges
₹8 Cr
No open charges
Company age
17 yrs
Est. 2009
Employees · EPFO
15
Provident fund records
About Thermax Cooling Solutions Limited
Data last updated:
Thermax Cooling Solutions Limited is a public limited company based in Pune, Maharashtra, India, a subsidiary of Thermax Limited. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 06 October 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74909PN2009PLC134761. Its GSTIN is 27AADCT2703M1Z9 (Maharashtra). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹10 Cr. It was formerly known as Thermax Spx Energy Technologies Limited. It is led by directors including Kirtiraj Rajendra Jilkar and Sandeep Prabhakar Deshpande.
Its last annual general meeting (AGM) was held on 21 July 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Thermax House 14 Mumbai Pune Road Wakdewadi, Maharashtra, India – 411003.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.92 Cr. For the same year it recorded a net profit of ₹20.4 Lakh (net margin 5.2%) and EBITDA of ₹36.88 Lakh (EBITDA margin 9.4%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years and 41% over five years.
The company has about 15 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Thermax. As per MCA filings, the company has satisfied charges of ₹8 Cr on record. The company has 6 deals on record (6 secondary share transfers); the latest was in February 2019. Its 10 peer companies in the Machinery and Equipment industry (Industrial Products Manufacturers) are compared by revenue, 5 larger and 5 smaller; the largest is Machfox India Private Limited with revenue of ₹3.94 Cr. The company has 14 MSME Form 1 returns on record between 2018 and 2023, listing 210 overdue payments to 58 micro and small suppliers.
Thermax Cooling Solutions Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0009815). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thermaxglobal.com.
Company Details of Thermax Cooling Solutions Limited
CIN U74909PN2009PLC134761
Registration Number 134761
Incorporation Date 06 October 2009
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 21 July 2025
Date of Balance Sheet 31 March 2025
Parent Company Thermax Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0009815
CIN History of Thermax Cooling Solutions Limited
Thermax Cooling Solutions has one previous CIN (Corporate Identification Number): U29299PN2009PLC134761. The current CIN is U74909PN2009PLC134761, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74909PN2009PLC134761 | Current |
| U29299PN2009PLC134761 | Previous |
Key People
Kirtiraj Rajendra Jilkar Director Sandeep Prabhakar Deshpande Director Sandeep Khemraj Raut Director Recognitions & Rankings of Thermax Cooling Solutions
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social Media
- Registered AddressThermax House 14 Mumbai Pune Road Wakdewadi, Maharashtra, India – 411003
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
Comprehensive company report
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Associated Brands with Thermax Cooling Solutions Limited
Thermax Cooling Solutions operates one associated brand: Thermax. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Energy and environmental solutions are provided for industrial sectors. | thermaxglobal.com |
Business Activity of Thermax Cooling Solutions Limited
The main business activity of Thermax Cooling Solutions is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
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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 Thermax Cooling Solutions Limited FY 2025 filings available
Thermax Cooling Solutions Limited reported revenue of ₹3.92 Cr for FY 2025.
Revenue · FY 2025
₹3.92 Cr
Net profit · FY 2025
₹20.4 Lakh margin 5.2%
EBITDA · FY 2025
₹36.88 Lakh margin 9.4%
Compounded Annual Growth Rate (CAGR) of Thermax Cooling Solutions Limited
Revenue CAGR growth
3 years · compounded
▼ 41%
5 years · compounded
▼ 41%
EBITDA CAGR growth
3 years · compounded
▼ 41%
5 years · compounded
▼ 41%
Revenue has declined at a compounded annual rate (CAGR) of 41% over five years. 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 Thermax Cooling Solutions 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 | ₹36.88 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹20.4 Lakh | •••• | •••• | •••• | •••• |
| 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 Thermax Cooling Solutions Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.2% | •••• | •••• | •••• | •••• |
| 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 Thermax Cooling Solutions are in the company report.
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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.
Board of Directors of Thermax Cooling Solutions Limited
Thermax Cooling Solutions has 3 current directors and 34 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kirtiraj Rajendra Jilkar Also directs: Thermax Instrumentation Limited | Director | 28 Jul 2022 | 4 Years 2 Months | Current |
| Sandeep Prabhakar Deshpande | Director | 03 Nov 2022 | 3 Years 11 Months | Current |
| Sandeep Khemraj Raut Also directs: Thermax Instrumentation Limited | Director | 26 Mar 2025 | 1 Years 6 Months | Current |
Peer Comparison of Thermax Cooling Solutions Limited
Thermax Cooling Solutions Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Machfox India Private Limited | ₹3.94 Cr (FY 2024) | •••• | •••• | 164.0% | •••• | Noida, Uttar Pradesh, India |
| Eastern Enviro Care Private Limited | ₹3.94 Cr (FY 2025) | •••• | •••• | 95.0% | •••• | Kolkata, West Bengal, India |
| Bhide and Sons Pvt Ltd | ₹3.93 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Sangli, Maharashtra, India |
| Festel Tanks Pvt Ltd | ₹3.93 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Kottayam, Kerala, India |
| Vmakeu Global Private Limited | ₹3.93 Cr (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Thermax Cooling Solutions Limited this company | ₹3.92 Cr (FY 2025) | •••• | •••• | •••• | Pune, Maharashtra, India | |
| Syaa Soft Tech Private Limited | ₹3.92 Cr (FY 2025) | •••• | •••• | 336.0% | •••• | Bangalore, Karnataka, India |
| Shri Ram Triveni Steels Private Limited | ₹3.92 Cr (FY 2024) | •••• | •••• | -18.0% | •••• | Jaipur, Rajasthan, India |
| Panel Repair Factory India Private Limited | ₹3.92 Cr (FY 2019) | •••• | •••• | 49.0% | •••• | Delhi, India |
| Famousmech Solutions Private Limited | ₹3.92 Cr (FY 2024) | •••• | •••• | 72.0% | •••• | Toranagallu, Karnataka, India |
| Gayatri Tanks & Vessels Private Limited | ₹3.92 Cr (FY 2024) | •••• | •••• | -55.0% | •••• | New Panvel, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Thermax Cooling Solutions by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Charges & Borrowings of Thermax Cooling Solutions Limited
Open charges
None
Satisfied charges
₹8 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Mar 2010 | Axis Bank Limited | ₹8 Cr | Satisfied |
Total charge records: 1 View all charges
Deals & Funding of Thermax Cooling Solutions Limited
Thermax Cooling Solutions Limited has 6 deals on record (6 secondary share transfers); the latest was in February 2019.
Total deals
6
Secondary share transfers
6
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2019 | Secondary share transfer | Undisclosed | Buyer: Thermax Limited. Seller: Mutares |
| Dec 2016 | Secondary share transfer | Undisclosed | Buyer: Mutares Seller: UDI Mauritius Limited |
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: Mutares, UDI Mauritius Limited Seller: SPX Netiherlands BV |
| Mar 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Thermax Limited. , an individual Seller: 2 individuals |
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Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
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Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
MSME Payment Delays by Thermax Cooling Solutions Limited
Thermax Cooling Solutions Limited has 14 MSME Form 1 returns on record between 2018 and 2023, listing 210 overdue payments to 58 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 58)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Pressurejet Systems Private Limited | •••• | •••• | •••• |
| Quality Evaluation and Systems Team Private Limited | •••• | •••• | •••• |
| Minco (India) Flow Elements Private Limited | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
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Full MSME payment history
Every supplier, amount and due date from all 14 MSME Form 1 returns is in the company report.
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Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Thermax Cooling Solutions Limited
Employment history and EPFO contributions of people linked to Thermax Cooling Solutions.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
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Recent Activity on Thermax Cooling Solutions Limited
Thermax Cooling Solutions Limited has 30 board changes on record since 2009: 3 appointments and 27 cessations. The latest: Sandeep Khemraj Raut ceased to be Additional Director on 20 Jul 2025.
AGM
Thermax Cooling Solutions Limited last Annual general meeting of members was held on 21 Jul 2025 as per latest MCA records.
Ceased
Sandeep Khemraj Raut ceased to be Additional Director.
Filing
Thermax Cooling Solutions Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Appointed
Sandeep Khemraj Raut was appointed as Director.
Ceased
Bhavesh Ratilal Chheda ceased to be Additional Director.
Ceased
Sandeep Prabhakar Deshpande ceased to be Additional Director.
Ceased
Rajendran Arunachalam ceased to be Director.
Appointed
Sandeep Prabhakar Deshpande was appointed as Director.
Ceased
Kirtiraj Rajendra Jilkar ceased to be Additional Director.
Appointed
Kirtiraj Rajendra Jilkar was appointed as Director.
Ceased
Mahesh Channakeshaviah Bukinkere ceased to be Additional Director.
Ceased
Sunil Raina ceased to be Additional Director.
23 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Thermax Cooling Solutions Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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Subsidiaries & Group Companies of Thermax Cooling Solutions Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Thermax Cooling Solutions Limited
Thermax Cooling Solutions has 3 GST registrations: 1 active and 2 cancelled or inactive.
Total GSTINs
3
Active
1
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCT2703M1Z9 | Maharashtra | Active | 01 Jul 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Thermax Cooling Solutions Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Related news about Thermax Cooling Solutions Limited
Frequently Asked Questions about Thermax Cooling Solutions Limited
Thermax Cooling Solutions is an active public limited company based in Pune, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 06 October 2009 (17+ years old) and is registered under CIN U74909PN2009PLC134761.
Thermax Cooling Solutions reported revenue of ₹3.92 Cr for FY 2025.
Thermax Cooling Solutions has 3 current directors:
- Kirtiraj Rajendra Jilkar - Director
- Sandeep Prabhakar Deshpande - Director
- Sandeep Khemraj Raut - Director
Thermax Cooling Solutions reported a net profit of ₹20.4 Lakh (net margin 5.2%) and EBITDA of ₹36.88 Lakh (EBITDA margin 9.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Thermax Cooling Solutions is -41% over three years and -41% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Thermax Cooling Solutions is 27AADCT2703M1Z9, registered in Maharashtra. 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 Thermax Cooling Solutions is U74909PN2009PLC134761. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thermax Cooling Solutions was incorporated on 06 October 2009, making it 17+ years old. It is registered with the Registrar of Companies, Pune.
Thermax Cooling Solutions has 6 deals on record (6 secondary share transfers); the latest was in February 2019.
The peers of Thermax Cooling Solutions by revenue are Machfox India Private Limited, Eastern Enviro Care Private Limited, Bhide and Sons Pvt Ltd, Festel Tanks Pvt Ltd, Vmakeu Global Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers).
Sandeep Khemraj Raut ceased to be Additional Director on 20 Jul 2025. Sandeep Khemraj Raut was appointed as Director on 26 Mar 2025. Bhavesh Ratilal Chheda ceased to be Additional Director on 25 Jul 2024. Thermax Cooling Solutions has 30 board changes on record in total.
Yes, Thermax Cooling Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0009815).