About Thermotech Engineering and Services Private Limited
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Thermotech Engineering and Services Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 25 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U29299PN2004PTC019307. Its GSTIN is 27AACCT7475K1ZR (Maharashtra).
The company has an authorised share capital of ₹51 Lakh and a paid-up capital of ₹51 Lakh. It is led by directors including Rachana Santosh Changedia (Whole-Time Director) and Rajashree Santosh Changedia (Whole-Time Director).
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 Plot No 19 Sector No 28 Pradhikaran Nigdi, Pune, Maharashtra, India – 411044.
As per the financials filed for FY 2025, the company reported a revenue of ₹70.48 Cr, a decline of 47% compared to the previous year. For the same year it recorded a net profit of ₹10.64 Cr (net margin 15.1%) and EBITDA of ₹15.79 Cr (EBITDA margin 22.4%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 9% over five years.
As per MCA filings, the company has open charges of ₹43.9 Cr and satisfied charges of ₹2 Cr on record. The company has 2 deals on record (2 secondary share transfers); the latest was in April 2016. Its 3 peer companies in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 1 larger and 2 smaller; the largest is Gedee Weiler Private Limited with revenue of ₹70.5 Cr. The company has 8 MSME Form 1 returns on record between 2019 and 2023, listing 402 overdue payments to 109 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thermotechengg.in.
Company details
Contact details
Thermotech Engineering and Services Private Limited's registered office is in Pune, Maharashtra. Its website is thermotechengg.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressPlot No 19 Sector No 28 Pradhikaran Nigdi, Pune, Maharashtra, India – 411044
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Thermotech Engineering and Services 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 Thermotech Engineering and Services 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 Thermotech Engineering and Services Private Limited, buy the company report.
Financials of Thermotech Engineering and Services Private Limited
FY 2025 filings availableThermotech Engineering and Services Private Limited reported revenue of ₹70.48 Cr (down 47% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 47% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 9%. EBITDA fell 42% 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 | ₹70.48 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹15.79 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.64 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.4% | ||||
| Net Profit Margin | 15.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Thermotech Engineering and Services Private Limited, buy the company report.
Board of directors of Thermotech Engineering and Services Private Limited
Thermotech Engineering and Services has 5 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Suwalal Changediya | Director | 01 Mar 2006 | 20 Years 8 Months | Current |
| Rachana Santosh Changedia Also directs: Rajsan Developers LLP | Whole-Time Director | 30 Sep 2016 | 10 Years 1 Months | Current |
| Apoorva Santosh Changedia | Director | 08 Aug 2022 | 4 Years 3 Months | Current |
| Rajashree Santosh Changedia Also directs: Rajsan Developers LLP, Santherm Engineering P Ltd | Whole-Time Director | 01 Mar 2006 | 20 Years 8 Months | Current |
| Santosh Suwalal Changedia Also directs: Rajsan Developers LLP, Mula Gases Private Limited, Excel Process Equipments Private Limited and 1 more | Director | 15 Nov 2017 | 8 Years 11 Months | Current |
Peer comparison
Thermotech Engineering and Services Private Limited is compared with the 3 companies closest to it by revenue in the Machinery and Equipment industry (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 |
|---|---|---|---|---|---|---|
| Gedee Weiler Private Limited | ₹70.5 Cr (FY 2025) | 1.0% | Coimbatore, Tamil Nadu, India | |||
| Thermotech Engineering and Services Private Limitedthis company | ₹70.48 Cr (FY 2025) | ₹10.64 Cr | 15.1% | -47.0% | Pune, Maharashtra, India | |
| Nano-Mag Technologies Private Limited | ₹70.47 Cr (FY 2025) | -46.0% | Mumbai, Maharashtra, India | |||
| Champion Jointings Private Limited | ₹70.01 Cr (FY 2024) | 11.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Thermotech Engineering and Services Private Limited, buy the company report.
Auditor
Thermotech Engineering and Services Private Limited is audited by Abhay Gundecha & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Abhay Gundecha & Co | FY 2023 | 112772W |
Shareholding
The shareholding of Thermotech Engineering and Services 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 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 Thermotech Engineering and Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 27 Jun 2019 | 100273041 | Others | ₹43.9 Cr | Open | |
| 30 Jan 2016 | 100023524 | Others | ₹2 Cr | Satisfied |
To see the full charge records of Thermotech Engineering and Services Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Thermotech Engineering and Services Private Limited has 2 deals on record (2 secondary share transfers); the latest was in April 2016.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Nov 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Thermotech Engineering and Services 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
Thermotech Engineering and Services Private Limited has 8 MSME Form 1 returns on record between 2019 and 2023, listing 402 overdue payments to 109 micro and small suppliers. 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 (5 of 109)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Power Build Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Sona Steel |
To see the full MSME payment records of Thermotech Engineering and Services Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Thermotech Engineering and Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCT7475K1ZR | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Thermotech Engineering and Services Private Limited, buy the company report.
Recent activity
Thermotech Engineering and Services Private Limited has 11 board changes on record since 2006: 5 appointments and 6 cessations. The latest: Neeraj Premsukhlal Changedia ceased to be Director on 06 Nov 2024.
6 earlier events are in the company report.
Frequently asked questions
Thermotech Engineering and Services 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 25 May 2004 (22+ years old) and is registered under CIN U29299PN2004PTC019307.
Thermotech Engineering and Services has 5 current directors:
- Rachana Santosh Changedia - Whole-Time Director
- Rajashree Santosh Changedia - Whole-Time Director
- Sandeep Suwalal Changediya - Director
- Apoorva Santosh Changedia - Director
- Santosh Suwalal Changedia - Director
The latest financial statements of Thermotech Engineering and Services 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 Thermotech Engineering and Services is 27AACCT7475K1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Thermotech Engineering and Services is U29299PN2004PTC019307. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thermotech Engineering and Services was incorporated on 25 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Pune.
Thermotech Engineering and Services has 2 deals on record (2 secondary share transfers); the latest was in April 2016.
The peers of Thermotech Engineering and Services by revenue are Gedee Weiler Private Limited, Nano-Mag Technologies Private Limited, Champion Jointings Private Limited, all in the Machinery and Equipment industry (Industrial Products Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Neeraj Premsukhlal Changedia ceased to be Director on 06 Nov 2024. Apoorva Santosh Changedia ceased to be Additional Director on 30 Sep 2022. Apoorva Santosh Changedia was appointed as Director on 08 Aug 2022. Thermotech Engineering and Services has 11 board changes on record in total.
Thermotech Engineering and Services has 8 MSME Form 1 returns on record between 2019 and 2023, listing 402 overdue payments to 109 micro and small suppliers. The latest return was filed on 29 Aug 2023.
Thermotech Engineering and Services can be reached through the website thermotechengg.in. Its registered office is in Pune, Maharashtra, India.
The registered office of Thermotech Engineering and Services is at Plot No 19 Sector No 28 Pradhikaran Nigdi, Pune, Maharashtra, India – 411044.
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