MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-02-0046062
Thermet Solutions Private Limited - electrical in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹7.77 Lakh
▼ 19% YoY
Net profit · FY 2024
₹1.82 Lakh
Net margin 23.4%
EBITDA · FY 2024
₹1.86 Lakh
EBITDA margin 23.9%
Authorised capital
₹10 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
16 yrs
Est. 2010
Directors on board
4
As per MCA filings
Active GSTINs
1
GST registered
About Thermet Solutions Private Limited
Data last updated:
Thermet Solutions Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the electrical equipment manufacturing segment of the electrical equipment sector. It was incorporated on 01 October 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U85100KA2010PTC055372. Its GSTIN is 29AADCT6425G1Z7 (Karnataka).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Chennagiri Narasimha Jayanth and Raghunath Venkatrao Palghat.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No 22 Nagappa Badavane 3rd Cross Bannerghatta Road Bilekahalli, Bangalore, Karnataka, India – 560076.
As per the financials filed for FY 2024, the company reported a revenue of ₹7.77 Lakh, a decline of 19% compared to the previous year. For the same year it recorded a net profit of ₹1.82 Lakh (net margin 23.4%) and EBITDA of ₹1.86 Lakh (EBITDA margin 23.9%). Revenue has declined at a compounded annual rate (CAGR) of 214% over three years and 15% over five years.
The company is associated with 1 brand: Thermet Solutions.
Thermet Solutions Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-02-0046062). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thermetsolutions.com.
Company details
CIN U85100KA2010PTC055372
Registration Number 055372
Incorporation Date 01 October 2010
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KR-02-0046062
Key People
Chennagiri Narasimha Jayanth Director Raghunath Venkatrao Palghat Director Thupaki Sanjivachar Prasanna Kumar Director Recognitions & Rankings of Thermet Solutions
Contact details
Thermet Solutions Private Limited's registered office is in Bangalore, Karnataka. Its website is thermetsolutions.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo 22 Nagappa Badavane 3rd Cross Bannerghatta Road Bilekahalli, Bangalore, Karnataka, India – 560076
- IndustryElectrical, Electrical Equipment, General Purpose And Special Purpose Machinery & Equipment, Transport Equipment
To see the full contact details of Thermet Solutions Private Limited, buy the company report.
Comprehensive company report
Thermet 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Thermet Solutions operates one associated brand: Thermet Solutions. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Heat treatment solutions and software for the metallurgical industry. | thermetsolutions.com |
Business activity
The main business activity of Thermet Solutions is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Thermet Solutions Private Limited, buy the company report.
Financials of Thermet Solutions Private Limited
FY 2025 filings availableThermet Solutions Private Limited reported revenue of ₹7.77 Lakh (down 19% YoY) for FY 2024.
Revenue · FY 2024
₹7.77 Lakh ▼ 19%
Net profit · FY 2024
₹1.82 Lakh margin 23.4%
EBITDA · FY 2024
₹1.86 Lakh margin 23.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 19%
3 years · compounded
▲ 214%
5 years · compounded
▼ 15%
EBITDA CAGR growth
1 year
▼ 71%
3 years · compounded
▲ 39%
5 years · compounded
▲ 1%
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 19% fall in the latest year. EBITDA fell 71% 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 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 | ₹1.86 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.82 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.9% | ||||
| Net Profit Margin | 23.4% | ||||
| 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 | |||||
To see the full financial statements and ratios of Thermet Solutions Private Limited, buy the company report.
Board of directors of Thermet Solutions Private Limited
Thermet Solutions has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Chennagiri Narasimha Jayanth | Director | 19 Nov 2010 | 15 Years 11 Months | Current |
| Raghunath Venkatrao Palghat | Director | 19 Nov 2010 | 15 Years 11 Months | Current |
| Thupaki Sanjivachar Prasanna Kumar | Director | 01 Oct 2010 | 16 Years 0 Months | Current |
| Sripathy Rao Gayathri | Director | 01 Oct 2010 | 16 Years 0 Months | Current |
Auditor
Thermet Solutions Private Limited is audited by D.K.UPENDRA for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| D.K.UPENDRA | FY 2017 | 023390 |
Shareholding
The shareholding of Thermet Solutions Private Limited is on record for 3 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Thermet Solutions Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Thermet 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
No delayed payments to MSME suppliers are on our record for Thermet Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Thermet Solutions has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCT6425G1Z7 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Thermet Solutions Private Limited, buy the company report.
Recent activity
Thermet Solutions Private Limited has 6 board changes on record since 2010: 4 appointments and 2 cessations. The latest: Chennagiri Narasimha Jayanth ceased to be Director on 08 Mar 2021.
AGM
Thermet Solutions Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Thermet Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Chennagiri Narasimha Jayanth ceased to be Director.
Ceased
Raghunath Venkatrao Palghat ceased to be Director.
Appointed
Chennagiri Narasimha Jayanth was appointed as Director.
Appointed
Raghunath Venkatrao Palghat was appointed as Director.
Appointed
Sripathy Rao Gayathri was appointed as Director.
Appointed
Thupaki Sanjivachar Prasanna Kumar was appointed as Director.
Incorporation
01 Oct 2010
Thermet Solutions Private Limited was registered on 01 Oct 2010 with Roc Bangalore & aged 16 years 27 days as per MCA records.
Frequently asked questions
Thermet Solutions is an active private limited company based in Bangalore, Karnataka, India. The company works in electrical equipment, within the electrical industry. It was incorporated on 01 October 2010 (16+ years old) and is registered under CIN U85100KA2010PTC055372.
Thermet Solutions has 4 current directors:
- Chennagiri Narasimha Jayanth - Director
- Raghunath Venkatrao Palghat - Director
- Thupaki Sanjivachar Prasanna Kumar - Director
- Sripathy Rao Gayathri - Director
The latest financial statements of Thermet Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Thermet Solutions is 29AADCT6425G1Z7, registered in Karnataka.
The CIN (Corporate Identification Number) of Thermet Solutions is U85100KA2010PTC055372. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thermet Solutions was incorporated on 01 October 2010, making it 16+ years old. It is registered with the Registrar of Companies, Bangalore.
Chennagiri Narasimha Jayanth ceased to be Director on 08 Mar 2021. Raghunath Venkatrao Palghat ceased to be Director on 06 Jan 2021. Chennagiri Narasimha Jayanth was appointed as Director on 19 Nov 2010. Thermet Solutions has 6 board changes on record in total.
Yes, Thermet Solutions is registered as a micro enterprise under Udyam registration (number: UDYAM-KR-02-0046062).
Thermet Solutions can be reached through the website thermetsolutions.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of Thermet Solutions is at No 22 Nagappa Badavane 3rd Cross Bannerghatta Road Bilekahalli, Bangalore, Karnataka, India – 560076.