About Vikrant Heat Exchangers Private Limited
Data last updated:
Vikrant Heat Exchangers Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 13 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29309GJ2017PTC099080. Its GSTIN is 24AAGCV1071P1Z1 (Gujarat). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Vikrant Jagdish Lamoria and Jagdish Ramjilal Lamoria.
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 01 Shivanta Industrial Park, Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.55 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹82.62 Lakh (net margin 3%) and EBITDA of ₹2.26 Cr (EBITDA margin 8.2%). Revenue has grown at a compounded annual rate (CAGR) of 27% over three years and 31% over five years.
The company has about 6 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹13.31 Cr on record. Court records list 2 cases involving the company, including 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vikrantheatexchangers.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSurvey No. 890/01 Shivanta Industrial Park, Dhamatvan To Harniyav Road S.H 144 Village Dhamatvan, Ahmedabad, Gujarat, India – 382435
- 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
Business Activity of Vikrant Heat Exchangers Private Limited
The main business activity of Vikrant Heat Exchangers is manufacturing. In detail, this covers metal and metal products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal 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 Vikrant Heat Exchangers Private Limited FY 2025 filings available
Vikrant Heat Exchangers Private Limited reported revenue of ₹27.55 Cr (up 28% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Vikrant Heat Exchangers Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 31% over five years, including 28% growth in the latest year. EBITDA rose 84% 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 Vikrant Heat Exchangers 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 | ₹2.26 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹82.62 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 Vikrant Heat Exchangers Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3% | •••• | •••• | •••• | •••• |
| 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 Vikrant Heat Exchangers are in the company report.
Financial statements from FY 2018
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.
Peer Comparison of Vikrant Heat Exchangers Private Limited
Vikrant Heat Exchangers 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 |
|---|---|---|---|---|---|---|
| Dhananjay Industrial Engineer Private Limited | ₹27.7 Cr (FY 2024) | •••• | •••• | -64.0% | •••• | Mumbai, Maharashtra, India |
| Poonam Drums and Containers Packaging Private Limited | ₹27.69 Cr (FY 2024) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
| Kolhapur Auto Works Private Limited | ₹27.69 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Tuluka Karveer Kolhapur, Maharashtra, India |
| S.S.Khardekar India Private Limited | ₹27.6 Cr (FY 2024) | •••• | •••• | -18.0% | •••• | Pune, Maharashtra, India |
| System Ceramics India Private Limited | ₹27.6 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Ahmedabad, Gujarat, India |
| Vikrant Heat Exchangers Private Limited this company | ₹27.55 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | Ahmedabad, Gujarat, India |
| Interroll India Private Limited | ₹27.49 Cr (FY 2024) | •••• | •••• | 12.0% | •••• | Bangalore, Karnataka, India |
| Nexthermal Manufacturing India Private Limited | ₹27.43 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Bangalore, Karnataka, India |
| Divakar Engineering Private Limited | ₹27.42 Cr (FY 2024) | •••• | •••• | 57.0% | •••• | Hirakud, Odisha, India |
| Raunak Kitchen Equipments Private Limited | ₹27.39 Cr (FY 2024) | •••• | •••• | 47.0% | •••• | Mumbai, Maharashtra, India |
| Risansi Industries Limited | ₹27.34 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Kanpur, Uttar Pradesh, India |
Peers are the five companies nearest above and the five nearest below Vikrant Heat Exchangers 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 Vikrant Heat Exchangers Private Limited
Vikrant Heat Exchangers Private Limited is audited by PIYUSH J. SHAH & CO. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PIYUSH J. SHAH & CO. | 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.
Board of Directors of Vikrant Heat Exchangers Private Limited
Vikrant Heat Exchangers has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikrant Jagdish Lamoria | Director | 13 Sep 2017 | 9 Years 0 Months | Current |
| Jagdish Ramjilal Lamoria | Director | 13 Sep 2017 | 9 Years 0 Months | Current |
| Rahul Jagdish Lamoria | Additional Director | 17 Feb 2025 | 1 Years 7 Months | Current |
Ownership and Shareholding of Vikrant Heat Exchangers 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 Vikrant Heat Exchangers Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jan 2024 | Hdfc Bank Limited | ₹6.5 Cr | Open |
| 10 Jan 2024 | Hdfc Bank Limited | ₹6.51 Cr | Open |
| 23 Jan 2023 | Hdfc Bank Limited | ₹30 Lakh | Open |
Total charge records: 3 View all charges
Legal Cases of Vikrant Heat Exchangers Private Limited
Vikrant Heat Exchangers Private Limited has 2 court cases on record: 1 filed against it, 1 where it is another party. 1 case is pending and 1 is disposed. Status as checked between 03 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 1 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Civil suit | Filed against the company by Flouser Engineering Private Limited | Disposed |
| District court, Ahmedabad, Gujarat | Civil suit | Company is another party | Pending |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Vikrant Heat Exchangers Private Limited
Vikrant Heat Exchangers Private Limited has a workforce of 6 employees as of Mar 22, 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 Vikrant Heat Exchangers Private Limited
Vikrant Heat Exchangers Private Limited has 3 board changes on record since 2017: 3 appointments. The latest: Rahul Jagdish Lamoria was appointed as Additional Director on 17 Feb 2025.
Credit Ratings, Litigation & Regulatory Alerts for Vikrant Heat Exchangers 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.
MSME Payment Delays by Vikrant Heat Exchangers Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Vikrant Heat Exchangers 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 Vikrant Heat Exchangers Private Limited
Vikrant Heat Exchangers has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCV1071P1Z1 | Gujarat | Active | 06 Nov 2017 |
| 24AAGCV1071P1DA | Gujarat | Active | 28 Oct 2024 |
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 Vikrant Heat Exchangers 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 Vikrant Heat Exchangers Private Limited
Vikrant Heat Exchangers is an active private limited company based in Ahmedabad, Gujarat, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 13 September 2017 (9+ years old) and is registered under CIN U29309GJ2017PTC099080.
Vikrant Heat Exchangers reported revenue of ₹27.55 Cr for FY 2025 (up 28% YoY).
Vikrant Heat Exchangers has 3 current directors:
- Vikrant Jagdish Lamoria - Director
- Jagdish Ramjilal Lamoria - Director
- Rahul Jagdish Lamoria - Additional Director
Vikrant Heat Exchangers reported a net profit of ₹82.62 Lakh (net margin 3%) and EBITDA of ₹2.26 Cr (EBITDA margin 8.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vikrant Heat Exchangers is 27% over three years and 31% over five years. In the latest year (FY 2025) revenue rose 28%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vikrant Heat Exchangers is 24AAGCV1071P1Z1, registered in Gujarat. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAGCV1071P1DA (Gujarat).
The CIN (Corporate Identification Number) of Vikrant Heat Exchangers is U29309GJ2017PTC099080. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vikrant Heat Exchangers has 2 court cases on record: 1 filed against it. 1 is pending.
Vikrant Heat Exchangers was incorporated on 13 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Vikrant Heat Exchangers by revenue are Dhananjay Industrial Engineer Private Limited, Poonam Drums and Containers Packaging Private Limited, Kolhapur Auto Works Private Limited, S.S.Khardekar India Private Limited, System Ceramics India Private Limited and 5 more, all in the Machinery and Equipment industry (Industrial Products Manufacturers).
Rahul Jagdish Lamoria was appointed as Additional Director on 17 Feb 2025. Jagdish Ramjilal Lamoria was appointed as Director on 13 Sep 2017. Vikrant Jagdish Lamoria was appointed as Director on 13 Sep 2017.