MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2022-23)
- Udyam number
- UDYAM-TS-20-0003499
Thermosystems Private Limited - engineering in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹242.91 Cr
▲ 135% YoY
Net profit · FY 2025
₹18.81 Cr
Net margin 7.7%
EBITDA · FY 2025
₹29.5 Cr
EBITDA margin 12.1%
Authorised capital
₹11 Cr
Registered with MCA
Paid-up capital
₹11 Cr
Issued & subscribed
Open charges
₹356 Cr
Satisfied ₹177.16 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
620
Provident fund records
About Thermosystems Private Limited
Data last updated:
Thermosystems Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the procurement and construction (epc) segment of the engineering sector. It was incorporated on 16 June 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U24220TG2005PTC046567. Its GSTIN is 36AACCT2569E1ZC (Telangana). The company holds 23 GST registrations, of which 19 are active.
The company has an authorised share capital of ₹11 Cr and a paid-up capital of ₹11 Cr. It is led by directors Uma Ghurka (Managing Director) and Ghurka Chetan.
Its last annual general meeting (AGM) was held on 08 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 28. Nagarjuna Hillspunjagutta Hyd 082 Punjagutta Hyd 082, Hyderabad, Telangana, India – 500082.
As per the financials filed for FY 2025, the company reported a revenue of ₹242.91 Cr, a growth of 135% compared to the previous year. For the same year it recorded a net profit of ₹18.81 Cr (net margin 7.7%) and EBITDA of ₹29.5 Cr (EBITDA margin 12.1%). Revenue has grown at a compounded annual rate (CAGR) of 17% over three years and 21% over five years.
The company has about 620 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Thermosystems. As per MCA filings, the company has open charges of ₹356 Cr and satisfied charges of ₹177.16 Cr on record. Court records list 23 cases involving the company, including 13 filed by the company and 10 filed against it; 1 case is pending. The company has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹5.99 Cr; the latest was in February 2017. Its 3 peer companies in the Machinery and Equipment industry (Engineering Procurement and Construction, Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 3 larger; the largest is Matchwell Engineering Pvt Ltd with revenue of ₹245.79 Cr.
Thermosystems Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-20-0003499). The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website thermosystems.co.in.
Company details
CIN U24220TG2005PTC046567
Registration Number 046567
Incorporation Date 16 June 2005
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 08 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Non-Compliant
MSME Classification Medium
Udyam Registration UDYAM-TS-20-0003499
CIN history
Thermosystems has one previous CIN (Corporate Identification Number): U24220AP2005PTC046567. The current CIN is U24220TG2005PTC046567, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24220TG2005PTC046567 | Current |
| U24220AP2005PTC046567 | Previous |
Recognitions & Rankings of Thermosystems
Contact details
Thermosystems Private Limited's registered office is in Hyderabad, Telangana. Its website is thermosystems.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address28. Nagarjuna Hillspunjagutta Hyd 082 Punjagutta Hyd 082, Hyderabad, Telangana, India – 500082
- IndustryEngineering, Procurement & Construction (EPC), Engineering
To see the full contact details of Thermosystems Private Limited, buy the company report.
Comprehensive company report
Thermosystems 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
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Brands
Thermosystems operates one associated brand: Thermosystems. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Engineering and turnkey solutions for hydrocarbon, piping, and industrial systems. | thermosystems.co.in |
Business activity
The main business activity of Thermosystems 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 Thermosystems Private Limited, buy the company report.
Financials of Thermosystems Private Limited
FY 2025 filings availableThermosystems Private Limited reported revenue of ₹242.91 Cr (up 135% YoY) for FY 2025.
Revenue · FY 2025
₹242.91 Cr ▲ 135%
Net profit · FY 2025
₹18.81 Cr margin 7.7%
EBITDA · FY 2025
₹29.5 Cr margin 12.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 135%
3 years · compounded
▲ 17%
5 years · compounded
▲ 21%
EBITDA CAGR growth
1 year
▲ 568%
3 years · compounded
▲ 27%
5 years · compounded
▲ 46%
Revenue has grown at a compounded annual rate (CAGR) of 21% over five years, including 135% growth in the latest year. EBITDA rose 568% 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 | ₹242.91 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹29.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹18.81 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 | 12.1% | ||||
| Net Profit Margin | 7.7% | ||||
| 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 Thermosystems Private Limited, buy the company report.
Board of directors of Thermosystems Private Limited
Thermosystems has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Uma Ghurka | Managing Director | 19 Feb 2007 | 19 Years 8 Months | Current |
| Ghurka Chetan | Director | 05 Feb 2008 | 18 Years 9 Months | Current |
Peer comparison
Thermosystems Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (Engineering Procurement and Construction, 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 |
|---|---|---|---|---|---|---|
| Matchwell Engineering Pvt Ltd | ₹245.79 Cr (FY 2025) | -2.0% | Pune, Maharashtra, India | |||
| Forbesvyncke Private Limited | ₹245.11 Cr (FY 2025) | -13.0% | Pune, Maharashtra, India | |||
| Lenze Mechatronics Private Limited | ₹244.89 Cr (FY 2024) | 17.0% | Khed, Maharashtra, India | |||
| Thermosystems Private Limitedthis company | ₹242.91 Cr (FY 2025) | ₹18.81 Cr | 7.7% | 135.0% | 620 | Hyderabad, Telangana, India |
To see the full peer comparison of Thermosystems Private Limited, buy the company report.
Auditor
Thermosystems Private Limited is audited by B NARSING RAO & CO LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| B NARSING RAO & CO LLP | FY 2025 | 002409S |
Shareholding
The shareholding of Thermosystems Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Thermosystems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹356 Cr
Satisfied charges
₹177.16 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Nov 2023 | 100820544 | Citi Bank N.A. | ₹170 Cr | Open | |
| 28 Jan 2019 | 100240416 | Hdfc Bank Limited | ₹186 Cr | Open | |
| 04 Feb 2012 | 10339138 | State Bank of India | ₹90 Cr | Satisfied | |
| 25 Aug 2005 | 80024037 | State Bank of India | ₹87.16 Cr | Satisfied |
To see the full charge records of Thermosystems Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
Thermosystems Private Limited has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹5.99 Cr; the latest was in February 2017.
Total deals
5
Funding rounds
4
Secondary share transfer
1
Disclosed funding
₹5.99 Cr
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2017 | Funding round | ₹1 Cr | Investors: 2 individuals |
| Mar 2013 | Funding round | ₹4.18 Cr | Investors: 2 individuals |
| Aug 2008 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: B K Ghurka HUF, 3 individuals |
| Jun 2008 | Funding round | ₹32 Lakh | Investors: an individual |
| Mar 2006 | Funding round | ₹49 Lakh | Investors: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Thermosystems Private Limited has 23 court cases on record: 13 filed by Thermosystems, 10 filed against it. 1 case is pending and 22 are disposed.
Total cases
23
Filed by the company
13
Filed against the company
10
Pending
1
Disposed
22
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 13 | 9 | 1 |
| High courts | 6 | 1 | 0 |
| NCLT | 4 | 0 | 0 |
Cases on record (5 of 23)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, TELANGANA | Arbitration matter | Filed against the company by M/S. Simplicity Projects Private Limited | Disposed |
| High Court, ANDHRA PRADESH | Writ petition | Filed by the company against M/S.Tuaman Engineering Ltd. and 2 others | Disposed |
| High Court of Delhi | Arbitration matter | Filed by the company against M/S NTPC Bhel Power Projects Private Limited & Anr. | Disposed |
| NCLT, Hyderabad | Insolvency matter | Filed by the company against Madhucon Projects Ltd | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Reliance Infrastructure Ltd | Disposed |
To see the full case history of Thermosystems 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
Thermosystems Private Limited was last rated by Crisil on 21 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 21 Aug 2020 |
To see the full credit ratings and regulatory alerts of Thermosystems Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Thermosystems Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Thermosystems Private Limited has a workforce of 620 employees on its EPFO records as of Sep 24, 2025, across 2 active EPFO establishments.
Employee count
620
Active EPFO establishments
2
Employee growth
13.35%
GST
Thermosystems has 23 GST registrations: 19 active and 4 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
23
Active
19
Cancelled / inactive
4
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AACCT2569E1ZC | Telangana | Active | 01 Jul 2017 |
| 36AACCT2569E2ZB | Telangana | Active | 28 Sep 2018 |
| 06AACCT2569E1ZF | Haryana | Active | 01 Jul 2017 |
| 08AACCT2569E1ZB | Rajasthan | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Thermosystems Private Limited, buy the company report.
Recent activity
Thermosystems Private Limited has 6 board changes on record since 2007: 2 appointments and 4 cessations. The latest: Uma Ghurka ceased to be Director on 21 Mar 2023.
Charges
A charge with Hdfc Bank Limited of Rs. 186.00 Cr registered on 28 Jan 2019 with Charge ID 100240416 was modified on 17 Nov 2025.
Charges
A charge with Citi Bank N.A. of Rs. 170.00 Cr registered on 06 Nov 2023 with Charge ID 100820544 was modified on 18 Sep 2025.
AGM
Thermosystems Private Limited last Annual general meeting of members was held on 08 Sep 2025 as per latest MCA records.
Filing
Thermosystems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Hyderabad.
Charges
A charge with Citi Bank N.A. amounted to Rs. 170.00 Cr with Charge ID 100820544 was registered on 06 Nov 2023.
Ceased
Uma Ghurka ceased to be Director.
Ceased
Nandkishore Ghurka ceased to be Managing Director.
Charges
A charge registered on 04 Feb 2012 via Charge ID 10339138 with State Bank Of India was fully satisfied on 15 Sep 2020.
Charges
A charge registered on 25 Aug 2005 via Charge ID 80024037 with State Bank Of India was fully satisfied on 14 Sep 2020.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 186.00 Cr with Charge ID 100240416 was registered on 28 Jan 2019.
Charges
A charge with State Bank Of India of Rs. 87.16 Cr registered on 25 Aug 2005 with Charge ID 80024037 was modified on 20 Jun 2018.
Charges
A charge with State Bank Of India of Rs. 90.00 Cr registered on 04 Feb 2012 with Charge ID 10339138 was modified on 14 Jun 2017.
7 earlier events are in the company report.
Frequently asked questions
Thermosystems is an active private limited company based in Hyderabad, Telangana, India. The company works in procurement and construction (epc), within the engineering industry. It was incorporated on 16 June 2005 (21+ years old) and is registered under CIN U24220TG2005PTC046567.
Thermosystems has 2 current directors:
- Uma Ghurka - Managing Director
- Ghurka Chetan - Director
The latest financial statements of Thermosystems on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 08 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Thermosystems is 36AACCT2569E1ZC, registered in Telangana. The company has 23 GST registrations in all, of which 19 are active and 4 are cancelled or inactive. Other active GSTINs include 36AACCT2569E2ZB (Telangana), 06AACCT2569E1ZF (Haryana), 08AACCT2569E1ZB (Rajasthan).
The CIN (Corporate Identification Number) of Thermosystems is U24220TG2005PTC046567. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thermosystems has 23 court cases on record: 13 filed by the company and 10 filed against it. 1 is pending. Most are in the district courts.
Thermosystems was incorporated on 16 June 2005, making it 21+ years old. It is registered with the Registrar of Companies, Hyderabad.
Thermosystems has 5 deals on record (4 funding rounds, 1 secondary share transfer), with disclosed funding of ₹5.99 Cr; the latest was in February 2017.
The peers of Thermosystems by revenue are Matchwell Engineering Pvt Ltd, Forbesvyncke Private Limited, Lenze Mechatronics Private Limited, all in the Machinery and Equipment industry (Engineering Procurement and Construction, Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Uma Ghurka ceased to be Director on 21 Mar 2023. Nandkishore Ghurka ceased to be Managing Director on 24 Feb 2023. Nidhi Ghurka ceased to be Director on 01 Oct 2013. Thermosystems has 6 board changes on record in total.
Yes, Thermosystems is registered as a medium enterprise under Udyam registration (number: UDYAM-TS-20-0003499).
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