About Thermax Sustainable Energy Solutions Limited
Data last updated:
Thermax Sustainable Energy Solutions Limited was a public limited company based in Pune, Maharashtra, India, operated as a subsidiary of Thermax Limited. The company has been dissolved under section 59(8) as per MCA records and no longer exists as a legal entity. Any dealings with a dissolved entity carry legal and financial risk. It operated in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 23 December 1987.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U29219PN1987PLC045658. Its GSTIN is 27AAACT3907G1ZH (Maharashtra).
The company had an authorised share capital of ₹8.75 Cr and a paid-up capital of ₹4.75 Cr. It was led by directors including Mahadeo Mahaling Burande and Bhavesh Ratilal Chheda.
Its last annual general meeting (AGM) was held on 26 August 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office was at Thermax House 14 Mumbai – Pune Road Wakdewadi, Maharashtra, India – 411003.
As per the financials filed for FY 2020, the company reported a revenue of ₹61.16 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.58 Cr (net margin -258.3%) and EBITDA of ₹41.92 Lakh (EBITDA margin 68.5%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years.
The company had about 1 employee on its provident fund (EPFO) records before it was dissolved.
The last known website on record is thermaxglobal.com.
Company details
CIN history
Thermax Sustainable Energy Solutions has one previous CIN (Corporate Identification Number): U29219MH1987PLC045658. The current CIN is U29219PN1987PLC045658, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29219PN1987PLC045658 | Current |
| U29219MH1987PLC045658 | Previous |
Contact details
Thermax Sustainable Energy Solutions Limited's registered office is in Pune, Maharashtra. Its website is thermaxglobal.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressThermax House 14 Mumbai – Pune Road Wakdewadi, Maharashtra, India – 411003
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Thermax Sustainable Energy Solutions 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
Financials of Thermax Sustainable Energy Solutions Limited
FY 2020 filings availableThermax Sustainable Energy Solutions Limited reported revenue of ₹61.16 Lakh (up 170% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 40% over three years, including 170% growth in the latest year. EBITDA rose 456% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| 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 | ₹41.92 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.58 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 68.5% | ||||
| Net Profit Margin | -258.3% | ||||
| 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 Thermax Sustainable Energy Solutions Limited, buy the company report.
Board of directors and KMP of Thermax Sustainable Energy Solutions Limited
Thermax Sustainable Energy Solutions Limited currently reports 3 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahadeo Mahaling Burande | Director | 16 Sep 2019 | 7 Years 1 Months | As last reported |
| Bhavesh Ratilal Chheda | Director | 16 Sep 2019 | 7 Years 1 Months | As last reported |
| Kedar Purushottam Phadke | Director | 16 Sep 2019 | 7 Years 1 Months | As last reported |
| Apoorva Jain Also directs: Ad- Manum Finance Limited, Available Finance Limited | Company Secretary | 30 Apr 2019 | 7 Years 6 Months | As last reported |
Peer comparison
Thermax Sustainable Energy Solutions Limited is compared with the 10 companies closest to it by revenue in the Machinery and Equipment industry (Energy Solutions, Industrial Products Manufacturers), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hyath Hydrostatics and Engineerings Private Limited | ₹61.46 Lakh (FY 2024) | -35.0% | Musiri Tk, Tamil Nadu, India | |||
| Bajaj Holographics India Private Limited | ₹61.44 Lakh (FY 2025) | -67.0% | Delhi, India | |||
| Utech Projects Private Limited | ₹61.38 Lakh (FY 2024) | -35.0% | Mumbai, Maharashtra, India | |||
| Bright Power Solutions Private Limited | ₹61.23 Lakh (FY 2025) | -15.0% | Mumbai, Maharashtra, India | |||
| Futari Manufacturing India Private Limited | ₹61.2 Lakh (FY 2019) | 199.0% | Chennai, Tamil Nadu, India | |||
| Thermax Sustainable Energy Solutions Limitedthis company | ₹61.16 Lakh (FY 2020) | -₹1.58 Cr | -258.3% | 170.0% | 1 | Pune, Maharashtra, India |
| Sahastrakiran Energy (OPC) Private Limited | ₹61.11 Lakh (FY 2024) | 82.0% | Ayodhya, Uttar Pradesh, India | |||
| Dhawan Metals Private Limited | ₹61.1 Lakh (FY 2025) | -20.0% | Punjab, India | |||
| Airspin HVLS Technology Private Limited | ₹61.06 Lakh (FY 2024) | -21.0% | Rajkot, Gujarat, India | |||
| Gov Controls India Private Limited | ₹61.03 Lakh (FY 2024) | 26.0% | Delhi, India | |||
| Endeas India Private Limited | ₹60.96 Lakh (FY 2025) | 39.0% | Panvel, Maharashtra, India |
To see the full peer comparison of Thermax Sustainable Energy Solutions Limited, buy the company report.
Auditor
Thermax Sustainable Energy Solutions Limited is audited by B K KHARE & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B K KHARE & CO | FY 2019 | 105102W |
Shareholding
The shareholding of Thermax Sustainable Energy Solutions Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Thermax Sustainable Energy Solutions Limited, buy the company report.
Legal cases
No court or tribunal cases involving Thermax Sustainable Energy Solutions 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
No delayed payments to MSME suppliers are on our record for Thermax Sustainable Energy Solutions Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Thermax Sustainable Energy Solutions Limited has a workforce of 1 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
GST
Thermax Sustainable Energy Solutions has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT3907G1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Thermax Sustainable Energy Solutions Limited, buy the company report.
Recent activity
Thermax Sustainable Energy Solutions Limited has 20 board changes on record since 2007: 4 appointments and 16 cessations. The latest: Bhavesh Ratilal Chheda ceased to be Additional Director on 13 Nov 2019.
11 earlier events are in the company report.
News
Frequently asked questions
Thermax Sustainable Energy Solutions has been "Dissolved Under Section 59(8)" as per MCA records. The company has ceased to exist as a legal entity. Any contracts or dealings with a dissolved entity may be legally unenforceable.
Thermax Sustainable Energy Solutions was a public limited company based in Pune, Maharashtra, India. The company worked in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 23 December 1987 and is registered under CIN U29219PN1987PLC045658. The company is recorded as dissolved under section 59(8) in MCA records and no longer exists as a legal entity.
Thermax Sustainable Energy Solutions was incorporated on 23 December 1987. It is registered with the Registrar of Companies, Pune.
Thermax Sustainable Energy Solutions had 4 directors and KMP:
- Mahadeo Mahaling Burande - Director
- Bhavesh Ratilal Chheda - Director
- Kedar Purushottam Phadke - Director
- Apoorva Jain - Company Secretary
The CIN (Corporate Identification Number) of Thermax Sustainable Energy Solutions is U29219PN1987PLC045658. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Thermax Sustainable Energy Solutions is at Thermax House 14 Mumbai – Pune Road Wakdewadi, Maharashtra, India – 411003.
Thermax Sustainable Energy Solutions can be reached through the website thermaxglobal.com. Its registered office is in Pune, Maharashtra, India.
The latest financial statements of Thermax Sustainable Energy Solutions on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 26 August 2020. Year-wise statements from 2015 are in the company report.
The GSTIN of Thermax Sustainable Energy Solutions is 27AAACT3907G1ZH, registered in Maharashtra.
Thermax Sustainable Energy Solutions operated in the machinery and equipment industry, in the industrial machinery manufacturing segment.
The peers of Thermax Sustainable Energy Solutions by revenue are Hyath Hydrostatics and Engineerings Private Limited, Bajaj Holographics India Private Limited, Utech Projects Private Limited, Bright Power Solutions Private Limited, Futari Manufacturing India Private Limited and 5 more, all in the Machinery and Equipment industry (Energy Solutions, Industrial Products Manufacturers).
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
