About Therm-Process Engineering Private Limited
Data last updated:
Therm-Process Engineering Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 02 August 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U29253MH2011PTC220394. Its GSTIN is 27AADCT9453G1Z1 (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹35 Lakh. It is led by directors Ajay Balaram Chavan (Managing Director) and Madhuri Ajay Chavan.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹14.1 Cr, a growth of 71% compared to the previous year. For the same year it recorded a net profit of ₹73.03 Lakh (net margin 5.2%) and EBITDA of ₹1.4 Cr (EBITDA margin 9.9%). Revenue has grown at a compounded annual rate (CAGR) of 67% over three years and 35% over five years.
The company has about 12 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Therm Process Engineering. As per MCA filings, the company has open charges of ₹10.19 Cr and satisfied charges of ₹1 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thermprocess.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressB – 1203 12th Floor O2 Commercial Comlex P.K Cross Road Near Sai Dham Mulund – We, St, Mumbai, Maharashtra, India – 400080
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
- 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
- One PDF report, delivered after checkout
Associated Brands with Therm-Process Engineering Private Limited
Therm-Process Engineering operates one associated brand: Therm Process Engineering. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and supplying of industrial furnaces and burners for various sectors. | thermprocess.com |
Business Activity of Therm-Process Engineering Private Limited
The main business activity of Therm-Process Engineering is manufacturing. In detail, this covers wood and wood products, furniture, paper and paper products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C3 | Wood and wood products, furniture, paper and paper products | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Therm-Process Engineering Private Limited FY 2025 filings available
Therm-Process Engineering Private Limited reported revenue of ₹14.1 Cr (up 71% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Therm-Process Engineering Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 35% over five years, including 71% growth in the latest year. EBITDA rose 119% 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 of Therm-Process Engineering Private Limited
| 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 | ₹1.4 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹73.03 Lakh | •••• | •••• | •••• | •••• |
| 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 of Therm-Process Engineering Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 9.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.2% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Therm-Process Engineering are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Therm-Process Engineering Private Limited
Therm-Process Engineering has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Balaram Chavan | Managing Director | 02 Aug 2011 | 15 Years 2 Months | Current |
| Madhuri Ajay Chavan | Director | 02 Aug 2011 | 15 Years 2 Months | Current |
Peer Comparison of Therm-Process Engineering Private Limited
Therm-Process Engineering Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| AAA Supports Private Limited | ₹14.15 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Dabhoi, Gujarat, India |
| Machani Ramesh Engineering Private Limited | ₹14.12 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Bangalore, Karnataka, India |
| Rxpe Projects Private Limited | ₹14.12 Cr (FY 2019) | •••• | •••• | 23.0% | •••• | Kolkata, West Bengal, India |
| Spectrum Scientific Private Limited | ₹14.12 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Mumbai, Maharashtra, India |
| Fabxotic India Private Limited | ₹14.1 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Bhosari, Maharashtra, India |
| Therm-Process Engineering Private Limited this company | ₹14.1 Cr (FY 2025) | •••• | •••• | 71.0% | •••• | Mumbai, Maharashtra, India |
| Nrb-Ibc Bearings Private Limited | ₹14.1 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Mumbai, Maharashtra, India |
| Bilmat Engineering Private Limited | ₹14.09 Cr (FY 2025) | •••• | •••• | •••• | Vadodara, Gujarat, India | |
| Kerone Engineering Solutions Limited | ₹14.09 Cr (FY 2024) | •••• | •••• | 71.0% | •••• | Mumbai, Maharashtra, India |
| Rangani Engineering Private Limited | ₹14.07 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Veraval, Gujarat, India |
| XWLS Electric Private Limited | ₹14.06 Cr (FY 2024) | •••• | •••• | 112.0% | •••• | Delhi, India |
Peers are the five companies nearest above and the five nearest below Therm-Process Engineering by revenue in the Machinery and Equipment industry (Industrial Products Manufacturers), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Therm-Process Engineering Private Limited
Therm-Process Engineering Private Limited is audited by SACHIN ACHARYA & ASSOCIATES for the financial year 2024.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SACHIN ACHARYA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Therm-Process Engineering Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Therm-Process Engineering Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Nov 2023 | Hdfc Bank Limited | ₹10.77 Lakh | Open |
| 10 Mar 2018 | Hdfc Bank Limited | ₹6.65 Cr | Open |
| 30 Nov 2015 | Hdfc Bank Limited | ₹3.43 Cr | Open |
| 31 Dec 2012 | State Bank of India | ₹1 Cr | Satisfied |
Total charge records: 4 View all charges
MSME Payment Delays by Therm-Process Engineering Private Limited
Therm-Process Engineering Private Limited has 2 MSME Form 1 returns on record between 2019 and 2022, listing 18 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | •••• | •••• | •••• |
| Prism Industrial Corporation | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| Arora Refractory | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Therm-Process Engineering Private Limited
Therm-Process Engineering Private Limited has a workforce of 12 employees as of Apr 05, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Therm-Process Engineering Private Limited
Therm-Process Engineering Private Limited has 2 board changes on record since 2011: 2 appointments. The latest: Ajay Balaram Chavan was appointed as Managing Director on 02 Aug 2011.
Credit Ratings, Litigation & Regulatory Alerts for Therm-Process Engineering Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Therm-Process Engineering Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Therm-Process Engineering Private Limited
Therm-Process Engineering has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCT9453G1Z1 | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Therm-Process Engineering Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Therm-Process Engineering Private Limited
Therm-Process Engineering is an active private limited company based in Mumbai, Maharashtra, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 02 August 2011 (15+ years old) and is registered under CIN U29253MH2011PTC220394.
Therm-Process Engineering reported revenue of ₹14.1 Cr for FY 2025 (up 71% YoY).
Therm-Process Engineering has 2 current directors:
- Ajay Balaram Chavan - Managing Director
- Madhuri Ajay Chavan - Director
Therm-Process Engineering reported a net profit of ₹73.03 Lakh (net margin 5.2%) and EBITDA of ₹1.4 Cr (EBITDA margin 9.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Therm-Process Engineering is 67% over three years and 35% over five years. In the latest year (FY 2025) revenue rose 71%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Therm-Process Engineering is 27AADCT9453G1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Therm-Process Engineering is U29253MH2011PTC220394. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Therm-Process Engineering was incorporated on 02 August 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Therm-Process Engineering by revenue are AAA Supports Private Limited, Machani Ramesh Engineering Private Limited, Rxpe Projects Private Limited, Spectrum Scientific Private Limited, Fabxotic India Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers).
Ajay Balaram Chavan was appointed as Managing Director on 02 Aug 2011. Madhuri Ajay Chavan was appointed as Director on 02 Aug 2011.
Therm-Process Engineering has 2 MSME Form 1 returns on record between 2019 and 2022, listing 18 overdue payments to 16 micro and small suppliers. The latest return was filed on 01 May 2022.
Therm-Process Engineering can be reached through the website thermprocess.com. Its registered office is in Mumbai, Maharashtra, India.