MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0043560
Thermon India Private Limited - machinery and equipment in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹74.56 Cr
▲ 24% YoY
Net profit · FY 2025
₹6.47 Cr
Net margin 8.7%
EBITDA · FY 2025
₹9.69 Cr
EBITDA margin 13%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹65 Lakh
Issued & subscribed
Satisfied charges
₹4.95 Cr
No open charges
Company age
43 yrs
Est. 1983
Employees · EPFO
98
Provident fund records
About Thermon India Private Limited
Data last updated:
Thermon India Private Limited is a private limited company based in Pune, Maharashtra, India, a subsidiary of Thermon Inc. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 16 August 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U99999MH1983PTC030628. Its GSTIN is 27AAACT6307Q1ZW (Maharashtra). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹65 Lakh. It was formerly known as Thermon Heat Tracers Pvt Ltd and Thermon Heat Tracers Limited. It is led by directors including Bruce Alan Thames and Prasad Shripad Shetye.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 566570/1 Koregaonbhimard Shirur Pune, Maharashtra, India – 412207.
As per the financials filed for FY 2025, the company reported a revenue of ₹74.56 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹6.47 Cr (net margin 8.7%) and EBITDA of ₹9.69 Cr (EBITDA margin 13%). Revenue has grown at a compounded annual rate (CAGR) of 39% over three years and 17% over five years.
The company has about 98 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Thermon. As per MCA filings, the company has satisfied charges of ₹4.95 Cr on record. Court records list 8 cases involving the company, including 6 filed by the company and 2 filed against it.
Thermon India Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0043560). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thermon.com.
Company details
CIN U99999MH1983PTC030628
Registration Number 030628
Incorporation Date 16 August 1983
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Thermon Inc
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-26-0043560
Name history
Thermon India has undergone 2 name changes throughout its history. The company was previously known as Thermon Heat Tracers Pvt Ltd, and Thermon Heat Tracers Limited. The current legal name is Thermon India Private Limited.
| Company Name | Status |
|---|---|
| Thermon India Private Limited | Current |
| Thermon Heat Tracers Pvt Ltd | Previous |
| Thermon Heat Tracers Limited | Previous |
Recognitions & Rankings of Thermon India
Contact details
Thermon India Private Limited's registered office is in Pune, Maharashtra. Its website is thermon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address566570/1 Koregaonbhimard Shirur Pune, Maharashtra, India – 412207
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Thermon India Private Limited, buy the company report.
Comprehensive company report
Thermon India 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
Thermon India operates one associated brand: Thermon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Engineered thermal solutions are provided for industrial heat tracing applications. | thermon.com |
Business activity
The main business activities of Thermon India are manufacturing, trade and construction. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, wholesale trading and demolition & site preparation, electrical, plumbing & other specialized construction activities. 3 activity segments are registered with the MCA.
| 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 | |
| G | Trade | G1 | Wholesale Trading | |
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | |
| M | Professional, Scientific and Technical | M9 | Other professional, scientific and technical activities |
To see the full business activity and turnover split of Thermon India Private Limited, buy the company report.
Financials of Thermon India Private Limited
FY 2025 filings availableThermon India Private Limited reported revenue of ₹74.56 Cr (up 24% YoY) for FY 2025.
Revenue · FY 2025
₹74.56 Cr ▲ 24%
Net profit · FY 2025
₹6.47 Cr margin 8.7%
EBITDA · FY 2025
₹9.69 Cr margin 13%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▲ 39%
5 years · compounded
▲ 17%
EBITDA CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 101%
5 years · compounded
▲ 41%
Revenue has grown at a compounded annual rate (CAGR) of 17% over five years, including 24% growth in the latest year. EBITDA rose 16% 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 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 | ₹9.69 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.47 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 13% | ||||
| Net Profit Margin | 8.7% | ||||
| 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 Thermon India Private Limited, buy the company report.
Board of directors of Thermon India Private Limited
Thermon India has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bruce Alan Thames | Director | 01 Apr 2016 | 10 Years 7 Months | Current |
| Prasad Shripad Shetye | Director | 29 Dec 2014 | 11 Years 10 Months | Current |
| Jan Leigh Schott | Director | 01 Oct 2025 | 1 Years 1 Months | Current |
Peer comparison
Thermon India Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Cables and Wires, Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Hallmark Boilers Private Limited | ₹74.73 Cr (FY 2025) | 11.0% | Baramati, Maharashtra, India | |||
| Manjira Machinebuilders Private Limited | ₹74.58 Cr (FY 2025) | 9.0% | Telangana, India | |||
| Thermon India Private Limitedthis company | ₹74.56 Cr (FY 2025) | ₹6.47 Cr | 8.7% | 24.0% | 98 | Pune, Maharashtra, India |
| Acg Metalcrafts Private Limited | ₹74.24 Cr (FY 2017) | 35.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Thermon India Private Limited, buy the company report.
Auditor
Thermon India Private Limited is audited by E A Patil & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| E A Patil & Associates | FY 2023 | 117371W |
Shareholding
The shareholding of Thermon India Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Thermon India Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹4.95 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Nov 2008 | 10133222 | Others | ₹4.95 Cr | Satisfied |
To see the full charge records of Thermon India Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Thermon India Private Limited has 8 court cases on record: 6 filed by Thermon India, 2 filed against it. All cases are disposed.
Total cases
8
Filed by the company
6
Filed against the company
2
Disposed
8
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 6 | 0 | 0 |
| High courts | 1 | 1 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed by the company against M/S. Jaihind Projects Limited and 3 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Private Warrant case SW) | Filed by the company against Jaihind Projects Ltd and 3 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMARY CIVIL SUIT) | Filed by the company against Ms. Navbharat Insulation and Engineering Company and 2 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SUMMONS FOR JUDGT) | Filed by the company against Navbharat Insulation and Engineering Company and Ors | Disposed |
To see the full case history of Thermon India 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
Thermon India Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 1 overdue payment to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier |
To see the full MSME payment records of Thermon India Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Thermon India Private Limited has a workforce of 98 employees on its EPFO records as of Apr 03, 2024, across 1 active EPFO establishment.
Employee count
98
Active EPFO establishments
1
Employee growth
6.52%
GST
Thermon India has 4 GST registrations: 2 active and 2 cancelled or inactive.
Total GSTINs
4
Active
2
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT6307Q1ZW | Maharashtra | Active | 01 Jul 2017 |
| 24AAACT6307Q1Z2 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Thermon India Private Limited, buy the company report.
Recent activity
Thermon India Private Limited has 10 board changes on record since 2009: 3 appointments and 7 cessations. The latest: Jan Leigh Schott was appointed as Director on 01 Oct 2025.
Appointed
Jan Leigh Schott was appointed as Director.
AGM
Thermon India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Thermon India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge registered on 30 Nov 2008 via Charge ID 10133222 with Others was fully satisfied on 18 Dec 2023.
Charges
A charge with Others of Rs. 4.95 Cr registered on 30 Nov 2008 with Charge ID 10133222 was modified on 20 Jun 2023.
Ceased
Kevin Peters Fox ceased to be Additional Director.
Ceased
Jay Carl Peterson ceased to be Director.
Ceased
Bruce Alan Thames ceased to be Additional Director.
Appointed
Bruce Alan Thames was appointed as Director.
Ceased
George Peyton Alexander Iii ceased to be Director.
Ceased
Rodney Lynn Bingham ceased to be Director.
Appointed
Prasad Shripad Shetye was appointed as Director.
4 earlier events are in the company report.
News
Frequently asked questions
Thermon India is an active private limited company based in Pune, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 16 August 1983 (43+ years old) and is registered under CIN U99999MH1983PTC030628.
Thermon India has 3 current directors:
- Bruce Alan Thames - Director
- Prasad Shripad Shetye - Director
- Jan Leigh Schott - Director
The latest financial statements of Thermon India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Thermon India is 27AAACT6307Q1ZW, registered in Maharashtra. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 24AAACT6307Q1Z2 (Gujarat).
The CIN (Corporate Identification Number) of Thermon India is U99999MH1983PTC030628. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thermon India has 8 court cases on record: 6 filed by the company and 2 filed against it. Most are in the district courts.
Thermon India was incorporated on 16 August 1983, making it 43+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Thermon India by revenue are Hallmark Boilers Private Limited, Manjira Machinebuilders Private Limited, Acg Metalcrafts Private Limited, all in the Machinery and Equipment industry (Cables and Wires, Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Jan Leigh Schott was appointed as Director on 01 Oct 2025. Kevin Peters Fox ceased to be Additional Director on 30 Sep 2021. Jay Carl Peterson ceased to be Director on 10 Mar 2021. Thermon India has 10 board changes on record in total.
Yes, Thermon India is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0043560).
Thermon India has 1 MSME Form 1 return on record for the period ending Mar 2021, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 13 May 2021.
Thermon India can be reached through the website thermon.com. Its registered office is in Pune, Maharashtra, India.
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