About Thermo Products Private Limited
Data last updated:
Thermo Products Private Limited is a private limited company based in Pune, Maharashtra, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the industrial packaging solutions segment of the packaging sector. It was incorporated on 04 June 2004.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U25202PN2004PTC019359. Its GSTIN is 27AACCT0369A1ZP (Maharashtra).
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹9 Cr. It is led by directors Omprakash Balbhadraprasad Agarwal and Mukesh Omprakash Agarwal.
Its last annual general meeting (AGM) was held on 29 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Plot No. 5 Gat No. 906 Sanaswadi Tal. Shirur, Pune, Maharashtra, India – 412208.
As per the financials filed for FY 2018, the company reported a revenue of ₹22.64 Cr, a growth of 30% compared to the previous year. For the same year it recorded a net loss of ₹1.68 Cr (net margin -7.4%) and EBITDA of ₹1.04 Cr (EBITDA margin 4.6%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹16.36 Cr on record. Court records list 19 cases involving the company, including 4 filed by the company and 15 filed against it; 9 cases are pending.
The last known website on record is theprakashgroup.com.
Company details
Contact details
Thermo Products Private Limited's registered office is in Pune, Maharashtra. Its website is theprakashgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No. 5 Gat No. 906 Sanaswadi Tal. Shirur, Pune, Maharashtra, India – 412208
- IndustryPackaging, Industrial Packaging Solutions
To see the full contact details of Thermo Products 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
Business activity
The main business activity of Thermo Products is manufacturing. In detail, this covers plastic products, non-metallic mineral products, rubber products, fabricated metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C8 | Plastic products, non-metallic mineral products, rubber products, fabricated metal products |
To see the full business activity and turnover split of Thermo Products Private Limited, buy the company report.
Financials of Thermo Products Private Limited
FY 2018 filings availableThermo Products Private Limited reported revenue of ₹22.64 Cr (up 30% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over three years, including 30% growth in the latest year. EBITDA fell 41% 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹22.64 Cr | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹1.04 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.68 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 4.6% | |||
| Net Profit Margin | -7.4% | |||
| 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 Thermo Products Private Limited, buy the company report.
Board of directors of Thermo Products Private Limited
Thermo Products has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Omprakash Balbhadraprasad Agarwal | Director | 17 Jun 2004 | 22 Years 4 Months | As last reported |
| Mukesh Omprakash Agarwal Also directs: Prakash Corrugated Pune Private Limited, Prakash Corrugated Products Pvt Ltd, Shreebhagwan Tubesandcontainers Pvt Ltd and 1 more | Director | 04 Jun 2004 | 22 Years 4 Months | As last reported |
Peer comparison
Thermo Products Private Limited is compared with the 3 companies closest to it by revenue in the Packaging industry (Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Supermetro Flexipack Private Limited | ₹22.79 Cr (FY 2023) | 58.0% | Dahod, Gujarat, India | |||
| Polytec Packins India Private Limited | ₹22.72 Cr (FY 2025) | -4.0% | Kanakapura Main Road, Bangalore, Karnataka, India | |||
| Thermo Products Private Limitedthis company | ₹22.64 Cr (FY 2018) | -₹1.68 Cr | -7.4% | 30.0% | 7 | Pune, Maharashtra, India |
| Synpack Flexpack Private Limited | ₹22.51 Cr (FY 2024) | 221.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Thermo Products Private Limited, buy the company report.
Auditor
Thermo Products Private Limited is audited by BAL BATHIA & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BAL BATHIA & CO | FY 2018 | 112679W |
Shareholding
The shareholding of Thermo Products Private Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Thermo Products Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Apr 2016 | 100032465 | Others | ₹8.54 Cr | Open | |
| 03 Nov 2010 | 10256609 | Bank of Maharashtra | ₹1 Cr | Open | |
| 31 Mar 2009 | 10159355 | Bank of Maharashtra | ₹50 Lakh | Open | |
| 06 Jul 2006 | 10009943 | Others | ₹5.97 Cr | Open | |
| 29 Jun 2004 | 90086863 | Bank of Maharashtra | ₹35 Lakh | Open |
To see the full charge records of Thermo Products Private Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
Thermo Products Private Limited has 19 court cases on record: 4 filed by Thermo Products, 15 filed against it. 9 cases are pending and 10 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 17 | 13 | 9 |
| NCLT | 2 | 2 | 0 |
Cases on record (5 of 19)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Revision petition | Filed by the company against RQS Engineering Pvt Ltd | Pending |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Tata Capital Ltd | Pending |
| District court, South East, Delhi | Criminal case | Filed against the company by RQS Engineering Pvt Ltd | Pending |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed against the company by M/S Religare Finvest Ltd | Pending |
| NCLT, Mumbai | Insolvency matter | Filed against the company by RQS Engineering Pvt Ltd | Disposed |
To see the full case history of Thermo Products 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
Thermo Products Private Limited was last rated by Care on 19 Nov 2025.
| Rating agency | Rated on | Rating |
|---|---|---|
| Care | 19 Nov 2025 |
To see the full credit ratings and regulatory alerts of Thermo Products Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Thermo Products Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Thermo Products Private Limited has a workforce of 7 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
GST
Thermo Products has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCT0369A1ZP | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Thermo Products Private Limited, buy the company report.
Recent activity
Thermo Products Private Limited has 3 board changes on record since 2004: 2 appointments and 1 cessation. The latest: Rakesh Omprakash Agarwal ceased to be Director on 08 Apr 2014.
Frequently asked questions
Thermo Products is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Thermo Products is a company under insolvency, formerly operating as a private limited company based in Pune, Maharashtra, India. The company works in industrial packaging solutions, within the packaging industry. It was incorporated on 04 June 2004 and is registered under CIN U25202PN2004PTC019359. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Thermo Products has 2 current directors:
- Omprakash Balbhadraprasad Agarwal - Director
- Mukesh Omprakash Agarwal - Director
The latest financial statements of Thermo Products on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 29 September 2018. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Thermo Products is U25202PN2004PTC019359. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thermo Products has open charges of ₹16.36 Cr and no satisfied charges on record as per latest MCA filings.
Thermo Products has 19 court cases on record: 4 filed by the company and 15 filed against it. 9 are pending. Most are in the district courts.
Thermo Products was incorporated on 04 June 2004. It is registered with the Registrar of Companies, Pune.
The peers of Thermo Products by revenue are Supermetro Flexipack Private Limited, Polytec Packins India Private Limited, Synpack Flexpack Private Limited, all in the Packaging industry (Industrial Packaging), with the same principal business activity (plastic products, non-metallic mineral products, rubber products, fabricated metal products).
Rakesh Omprakash Agarwal ceased to be Director on 08 Apr 2014. Omprakash Balbhadraprasad Agarwal was appointed as Director on 17 Jun 2004. Mukesh Omprakash Agarwal was appointed as Director on 04 Jun 2004.
Thermo Products can be reached through the website theprakashgroup.com. Its registered office is in Pune, Maharashtra, India.
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