MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-17-0009202
Thermolab Scientific Equipments Private Limited - healthcare in Vasai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹73.1 Cr
▲ 18% YoY
Net profit · FY 2024
₹9.26 Cr
Net margin 12.7%
EBITDA · FY 2024
₹15.44 Cr
EBITDA margin 21.1%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹47.75 Lakh
Issued & subscribed
Open charges
₹27.5 Cr
Satisfied ₹73.29 Cr
Company age
31 yrs
Est. 1995
Employees · EPFO
107
Provident fund records
About Thermolab Scientific Equipments Private Limited
Data last updated:
Thermolab Scientific Equipments Private Limited is a private limited company based in Vasai, Maharashtra, India. It operates in the medical and laboratory equipment segment of the healthcare sector. It was incorporated on 16 October 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29299MH1995PTC093665. Its GSTIN is 27AAACT2830Q1Z0 (Maharashtra). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹47.75 Lakh. It is led by directors including Sandip Pramod Mhatre and Neelam Sandeep Mhatre.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Thermolab House Plot No 19/20/40/41 Vasai Municipal Industrial Area Umela R, Oad, Maharashtra, India – 401207.
As per the financials filed for FY 2024, the company reported a revenue of ₹73.1 Cr, a growth of 18% compared to the previous year. For the same year it recorded a net profit of ₹9.26 Cr (net margin 12.7%) and EBITDA of ₹15.44 Cr (EBITDA margin 21.1%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 1% over five years.
The company has about 107 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 2 brands: Thermolab and Thermolab Group. As per MCA filings, the company has open charges of ₹27.5 Cr and satisfied charges of ₹73.29 Cr on record. Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending. The company has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹40 Lakh; the latest was in March 2021.
Thermolab Scientific Equipments Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-17-0009202). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thermolabscientific.com.
Company details
CIN U29299MH1995PTC093665
Registration Number 093665
Incorporation Date 16 October 1995
ROC Mumbai
Listing Status Unlisted
Company Status Active
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-17-0009202
Key People
Sandip Pramod Mhatre Director Neelam Sandeep Mhatre Director Sayali Hardik Mhatre Director Recognitions & Rankings of Thermolab Scientific Equipments
Contact details
Thermolab Scientific Equipments Private Limited's registered office is in Vasai, Maharashtra. Its website is thermolabscientific.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressThermolab House Plot No 19/20/40/41 Vasai Municipal Industrial Area Umela R, Oad, Maharashtra, India – 401207
- IndustryHealthcare, Medical & Laboratory Equipment
To see the full contact details of Thermolab Scientific Equipments Private Limited, buy the company report.
Comprehensive company report
Thermolab Scientific Equipments 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
Thermolab Scientific Equipments operates two associated brands: Thermolab and Thermolab Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and supplying scientific laboratory equipment for pharmaceutical and research sectors. | thermolabscientific.com | |
| Diversified operations are conducted across multiple industries by Thermolab Group. | thermolabgroup.com |
Business activity
The main business activity of Thermolab Scientific Equipments 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 Thermolab Scientific Equipments Private Limited, buy the company report.
Financials of Thermolab Scientific Equipments Private Limited
FY 2024 filings availableThermolab Scientific Equipments Private Limited reported revenue of ₹73.1 Cr (up 18% YoY) for FY 2024.
Revenue · FY 2024
₹73.1 Cr ▲ 18%
Net profit · FY 2024
₹9.26 Cr margin 12.7%
EBITDA · FY 2024
₹15.44 Cr margin 21.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 18%
3 years · compounded
▲ 10%
5 years · compounded
▲ 1%
EBITDA CAGR growth
1 year
▲ 74%
3 years · compounded
▲ 7%
5 years · compounded
▲ 7%
Revenue has grown at a compounded annual rate (CAGR) of 1% over five years, including 18% growth in the latest year. EBITDA rose 74% 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 | ₹15.44 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹9.26 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 21.1% | ||||
| Net Profit Margin | 12.7% | ||||
| 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 Thermolab Scientific Equipments Private Limited, buy the company report.
Board of directors of Thermolab Scientific Equipments Private Limited
Thermolab Scientific Equipments has 4 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandip Pramod Mhatre Also directs: Thermolab Healthcare Private Limited, Desai Plastics Private Limited, Thermolab Sales and Services Private Limited and 4 more | Director | 16 Oct 1995 | 31 Years 0 Months | Current |
| Neelam Sandeep Mhatre Also directs: Thermolab Healthcare Private Limited, Desai Plastics Private Limited, Thermolab Sales and Services Private Limited and 4 more | Director | 16 Oct 1995 | 31 Years 0 Months | Current |
| Sayali Hardik Mhatre Also directs: Thermolab Healthcare Private Limited, Desai Plastics Private Limited, Thermolab Sales and Services Private Limited and 3 more | Director | 08 Dec 2018 | 7 Years 11 Months | Current |
| Hardik Nitin Mhatre Also directs: Thermolab Healthcare Private Limited, Desai Plastics Private Limited, Thermolab Sales and Services Private Limited and 3 more | Director | 01 Oct 2022 | 4 Years 1 Months | Current |
Auditor
Thermolab Scientific Equipments Private Limited is audited by WANDREKAR AND COMPANY for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| WANDREKAR AND COMPANY | FY 2023 | 111696W |
Shareholding
The shareholding of Thermolab Scientific Equipments Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Thermolab Scientific Equipments Private Limited, buy the company report.
Charges & borrowings
Open charges
₹27.5 Cr
Satisfied charges
₹73.29 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 28 Mar 2023 | 100698056 | Others | ₹10 Cr | Open | |
| 22 Oct 2011 | 10317662 | Bank of India | ₹7.85 Cr | Open | |
| 03 Oct 1997 | 90155077 | Bank of India | ₹9.65 Cr | Open | |
| 28 Feb 2022 | 100546724 | Bank of India | ₹1 Cr | Satisfied | |
| 13 Mar 2019 | 100264155 | Others | ₹1 Cr | Satisfied |
To see the full charge records of Thermolab Scientific Equipments Private Limited, buy the company report.
Total charge records: 29 View all charges
Deals & funding
Thermolab Scientific Equipments Private Limited has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹40 Lakh; the latest was in March 2021.
Total deals
3
Secondary share transfers
2
Funding round
1
Disclosed funding
₹40 Lakh
Deals on record (3 of 3)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Seller: 2 individuals |
| Mar 2016 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Mar 2006 | Funding round | ₹40 Lakh | Investors: 2 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Thermolab Scientific Equipments Private Limited has 1 court case on record: 1 filed by Thermolab Scientific Equipments. All case is pending.
Total cases
1
Filed by the company
1
Pending
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Court case (Spl.Sum.Suit) | Filed by the company against M/S Sanika Chemicals Pvt. Ltd. | Pending |
To see the full case history of Thermolab Scientific Equipments 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Thermolab Scientific Equipments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Thermolab Scientific Equipments has 2 subsidiary companies. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Desai Plastics Private Limited | U25200MH2004PTC145619 | |
| Tefelab Innovations Private Limited | U29305MH2019PTC323131 |
To see the full group structure of Thermolab Scientific Equipments Private Limited, buy the company report.
Employees & EPFO
Thermolab Scientific Equipments Private Limited has a workforce of 107 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
107
Active EPFO establishments
1
Employee growth
-2.7%
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 107 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Thermolab Scientific Equipments Private Limited, buy the company report.
GST
Thermolab Scientific Equipments has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT2830Q1Z0 | Maharashtra | Active | 01 Jul 2017 |
| 27AAACT2830Q2ZZ | Maharashtra | Active | 31 Aug 2017 |
To see the full GST registrations and return filing status of Thermolab Scientific Equipments Private Limited, buy the company report.
Recent activity
Thermolab Scientific Equipments Private Limited has 6 board changes on record since 1995: 5 appointments and 1 cessation. The latest: Hardik Nitin Mhatre was appointed as Director on 01 Oct 2022.
AGM
Thermolab Scientific Equipments Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Thermolab Scientific Equipments Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai Ii.
Charges
A charge registered on 28 Feb 2022 via Charge ID 100546724 with Bank Of India was fully satisfied on 06 Feb 2024.
Charges
A charge registered on 13 Mar 2019 via Charge ID 100264155 with Others was fully satisfied on 31 May 2023.
Charges
A charge with Others of Rs. 1,000.00 Lakh registered on 28 Mar 2023 with Charge ID 100698056 was modified on 29 Mar 2023.
Charges
A charge with Others amounted to Rs. 1,000.00 Lakh with Charge ID 100698056 was registered on 28 Mar 2023.
Appointed
Hardik Nitin Mhatre was appointed as Director.
Charges
A charge with Bank Of India amounted to Rs. 100.00 Lakh with Charge ID 100546724 was registered on 28 Feb 2022.
Charges
A charge registered on 18 Feb 2017 via Charge ID 100080003 with Others was fully satisfied on 10 May 2019.
Charges
A charge with Others amounted to Rs. 100.00 Lakh with Charge ID 100264155 was registered on 13 Mar 2019.
Charges
A charge registered on 29 Jun 2015 via Charge ID 10581575 with Bank Of India was fully satisfied on 06 Mar 2019.
Charges
A charge registered on 26 Mar 2014 via Charge ID 10489221 with Bank Of India was fully satisfied on 06 Mar 2019.
60 earlier events are in the company report.
Frequently asked questions
Thermolab Scientific Equipments is an active private limited company based in Vasai, Maharashtra, India. The company works in medical and laboratory equipment, within the healthcare industry. It was incorporated on 16 October 1995 (31+ years old) and is registered under CIN U29299MH1995PTC093665.
Thermolab Scientific Equipments has 4 current directors:
- Sandip Pramod Mhatre - Director
- Neelam Sandeep Mhatre - Director
- Sayali Hardik Mhatre - Director
- Hardik Nitin Mhatre - Director
The latest financial statements of Thermolab Scientific Equipments on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Thermolab Scientific Equipments is 27AAACT2830Q1Z0, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 27AAACT2830Q2ZZ (Maharashtra).
The CIN (Corporate Identification Number) of Thermolab Scientific Equipments is U29299MH1995PTC093665. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thermolab Scientific Equipments has 1 court case on record: 1 filed by the company. 1 is pending.
Thermolab Scientific Equipments was incorporated on 16 October 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
Thermolab Scientific Equipments has 3 deals on record (2 secondary share transfers, 1 funding round), with disclosed funding of ₹40 Lakh; the latest was in March 2021.
Hardik Nitin Mhatre was appointed as Director on 01 Oct 2022. Sayali Hardik Mhatre was appointed as Director on 08 Dec 2018. Madhav Laxman Deshpande ceased to be Managing Director on 10 Sep 2017. Thermolab Scientific Equipments has 6 board changes on record in total.
Yes, Thermolab Scientific Equipments is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-17-0009202).
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.
Swiggy Limited Listed company · 92 pages
BharatPe (Resilient Innovations Pvt Ltd) Unlisted company · 78 pages