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Vipul Hvac Solution Private Limited - consumer electronics & durables in Surat, Gujarat, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹21.13 Cr
▼ 10% YoY
Net profit · FY 2024
₹30.68 Lakh
Net margin 1.5%
EBITDA · FY 2024
₹54.14 Lakh
EBITDA margin 2.6%
Authorised capital
₹5 Lakh
Registered with MCA
Paid-up capital
₹4 Lakh
Issued & subscribed
Open charges
₹7.38 Cr
Satisfied ₹3.3 Cr
Company age
8 yrs
Est. 2018
Directors on board
4
As per MCA filings
About Vipul Hvac Solution Private Limited
Data last updated:
Vipul Hvac Solution Private Limited is a private limited company based in Surat, Gujarat, India, recognised as a startup by DPIIT. It operates in the electronics retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 08 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U29100GJ2018PTC104007. Its GSTIN is 24AAGCV5682A1ZF (Gujarat).
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹4 Lakh. It is led by directors including Nirupa Bipinbhai Kachhadiya and Bipin Vallabhbhai Kachhadiya.
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 Sy. No. – 7 Plot – 34/35 Gr Floor Shop 15 Samrat Apartment Shilpa Park Soc L H Rd, Surat, Gujarat, India – 395006.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.13 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹30.68 Lakh (net margin 1.5%) and EBITDA of ₹54.14 Lakh (EBITDA margin 2.6%). Revenue has grown at a compounded annual rate (CAGR) of 59% over three years and 75% over five years.
The company is associated with 1 brand: Vipul HVAC Solution. As per MCA filings, the company has open charges of ₹7.38 Cr and satisfied charges of ₹3.3 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 2 cases are pending.
Vipul Hvac Solution Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-GJ-22-0010341). For more details, the company can be reached via its website vipulaircondition.in.
Company details
CIN U29100GJ2018PTC104007
Registration Number 104007
Incorporation Date 08 September 2018
ROC Ahmedabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Small
Udyam Registration UDYAM-GJ-22-0010341
CIN history
Vipul Hvac Solution has one previous CIN (Corporate Identification Number): U64203GJ2018PTC104007. The current CIN is U29100GJ2018PTC104007, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U29100GJ2018PTC104007 | Current |
| U64203GJ2018PTC104007 | Previous |
Key People
Nirupa Bipinbhai Kachhadiya Director Bipin Vallabhbhai Kachhadiya Director Miraben Vipulbhai Kachhadiya Director Recognitions & Rankings of Vipul Hvac Solution
MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-GJ-22-0010341
Contact details
Vipul Hvac Solution Private Limited's registered office is in Surat, Gujarat. Its website is vipulaircondition.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSy. No. – 7 Plot – 34/35 Gr Floor Shop 15 Samrat Apartment Shilpa Park Soc L H Rd, Surat, Gujarat, India – 395006
- IndustryConsumer Electronics & Durables, Electronic Appliances Retail & Distribution
To see the full contact details of Vipul Hvac Solution Private Limited, buy the company report.
Comprehensive company report
Vipul Hvac Solution 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
Vipul Hvac Solution operates one associated brand: Vipul HVAC Solution. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers comprehensive HVAC services solutions for commercial and industrial clients. | vipulhvacsolution.com |
Business activity
The main business activity of Vipul Hvac Solution is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Vipul Hvac Solution Private Limited, buy the company report.
Financials of Vipul Hvac Solution Private Limited
FY 2025 filings availableVipul Hvac Solution Private Limited reported revenue of ₹21.13 Cr (down 10% YoY) for FY 2024.
Revenue · FY 2024
₹21.13 Cr ▼ 10%
Net profit · FY 2024
₹30.68 Lakh margin 1.5%
EBITDA · FY 2024
₹54.14 Lakh margin 2.6%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 10%
3 years · compounded
▲ 59%
5 years · compounded
▲ 75%
EBITDA CAGR growth
1 year
▲ 67%
3 years · compounded
▲ 108%
5 years · compounded
▲ 185%
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 75%. EBITDA rose 67% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹54.14 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹30.68 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.6% | ||||
| Net Profit Margin | 1.5% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Vipul Hvac Solution Private Limited, buy the company report.
Board of directors of Vipul Hvac Solution Private Limited
Vipul Hvac Solution has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nirupa Bipinbhai Kachhadiya | Director | 29 Sep 2018 | 8 Years 0 Months | Current |
| Bipin Vallabhbhai Kachhadiya | Director | 08 Sep 2018 | 8 Years 1 Months | Current |
| Miraben Vipulbhai Kachhadiya | Director | 08 Sep 2018 | 8 Years 1 Months | Current |
| Vipulkumar Vallabhbhai Kachhadiya Also directs: Gir Mango Resort LLP | Director | 08 Sep 2018 | 8 Years 1 Months | Current |
Peer comparison
Vipul Hvac Solution Private Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (wholesale trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Technocarb Metals & Tools Private Limited | ₹21.14 Cr (FY 2025) | 2.0% | Faridabad, Haryana, India | |||
| Pharvinex Chempharm Private Limited | ₹21.14 Cr (FY 2025) | 1.0% | Kota, Rajasthan, India | |||
| Arth Technocrats Private Limited | ₹21.13 Cr (FY 2024) | 2752.0% | Gandhinagar, Gujarat, India | |||
| Utkal Automotive Private Limited | ₹21.13 Cr (FY 2024) | 24.0% | Rourkela, Odisha, India | |||
| Ecohive Technologies Private Limited | ₹21.13 Cr (FY 2025) | 855.0% | Kolkata, West Bengal, India | |||
| Vipul Hvac Solution Private Limitedthis company | ₹21.13 Cr (FY 2024) | ₹30.68 Lakh | 1.5% | -10.0% | Surat, Gujarat, India | |
| J.J. Tubes Private Limited | ₹21.12 Cr (FY 2025) | 36.0% | Kolkata, West Bengal, India | |||
| Arihant Elsys Private Limited | ₹21.12 Cr (FY 2025) | 4.0% | New Delhi, Delhi, India | |||
| Shree Ganesh Trading & Commodity Private Limited | ₹21.12 Cr (FY 2025) | 3.0% | Mumbai, Maharashtra, India | |||
| Crystal Distributors Private Limited | ₹21.12 Cr (FY 2025) | 2.0% | Ahmedabad, Gujarat, India | |||
| Suhana Global Private Limited | ₹21.11 Cr (FY 2020) | -31.0% | Midnapore, West Bengal, India |
To see the full peer comparison of Vipul Hvac Solution Private Limited, buy the company report.
Auditor
Vipul Hvac Solution Private Limited is audited by STAP & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| STAP & CO. | FY 2023 | 132148W |
Shareholding
The shareholding of Vipul Hvac Solution 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 Vipul Hvac Solution Private Limited, buy the company report.
Charges & borrowings
Open charges
₹7.38 Cr
Satisfied charges
₹3.3 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Nov 2024 | 101008534 | Hdfc Bank Limited | ₹7.38 Cr | Open | |
| 27 Nov 2020 | 100396047 | Others | ₹3.3 Cr | Satisfied |
To see the full charge records of Vipul Hvac Solution Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Vipul Hvac Solution Private Limited has 4 court cases on record: 1 filed by Vipul Hvac Solution, 3 filed against it. 2 cases are pending and 2 are disposed.
Total cases
4
Filed by the company
1
Filed against the company
3
Pending
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, SURAT, Gujarat | Civil suit | Filed against the company | Pending |
| District court, SURAT, Gujarat | Criminal miscellaneous application | Filed by the company against an individual | Pending |
| District court, SURAT, Gujarat | Court case (CMA DC) | Filed against the company by individuals | Disposed |
| District court, SURAT, Gujarat | Criminal complaint | Filed against the company by Government of Gujarat | Disposed |
To see the full case history of Vipul Hvac Solution 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
No delayed payments to MSME suppliers are on our record for Vipul Hvac Solution Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vipul Hvac Solution has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAGCV5682A1ZF | Gujarat | Active | 26 Oct 2018 |
To see the full GST registrations and return filing status of Vipul Hvac Solution Private Limited, buy the company report.
Recent activity
Vipul Hvac Solution Private Limited has 4 board changes on record since 2018: 4 appointments. The latest: Nirupa Bipinbhai Kachhadiya was appointed as Director on 29 Sep 2018.
AGM
Vipul Hvac Solution Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 738.00 Lakh registered on 11 Nov 2024 with Charge ID 101008534 was modified on 11 Sep 2025.
Filing
Vipul Hvac Solution Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Ahmedabad.
Charges
A charge registered on 27 Nov 2020 via Charge ID 100396047 with Others was fully satisfied on 11 Dec 2024.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 738.00 Lakh with Charge ID 101008534 was registered on 11 Nov 2024.
Charges
A charge with Others of Rs. 330.00 Lakh registered on 27 Nov 2020 with Charge ID 100396047 was modified on 28 Feb 2024.
Charges
A charge with Others amounted to Rs. 330.00 Lakh with Charge ID 100396047 was registered on 27 Nov 2020.
Appointed
Nirupa Bipinbhai Kachhadiya was appointed as Director.
Appointed
Bipin Vallabhbhai Kachhadiya was appointed as Director.
Appointed
Miraben Vipulbhai Kachhadiya was appointed as Director.
Appointed
Vipulkumar Vallabhbhai Kachhadiya was appointed as Director.
Incorporation
08 Sep 2018
Vipul Hvac Solution Private Limited was registered on 08 Sep 2018 with Roc Ahmedabad & aged 8 years 1 month as per MCA records.
Frequently asked questions
Vipul Hvac Solution is an active private limited company based in Surat, Gujarat, India. The company works in electronic appliances retail and distribution, within the consumer electronics and durables industry. It was incorporated on 08 September 2018 (8+ years old) and is registered under CIN U29100GJ2018PTC104007.
Vipul Hvac Solution has 4 current directors:
- Nirupa Bipinbhai Kachhadiya - Director
- Bipin Vallabhbhai Kachhadiya - Director
- Miraben Vipulbhai Kachhadiya - Director
- Vipulkumar Vallabhbhai Kachhadiya - Director
The latest financial statements of Vipul Hvac Solution 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 FY 2019 are in the company report.
The GSTIN of Vipul Hvac Solution is 24AAGCV5682A1ZF, registered in Gujarat.
The CIN (Corporate Identification Number) of Vipul Hvac Solution is U29100GJ2018PTC104007. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vipul Hvac Solution has 4 court cases on record: 1 filed by the company and 3 filed against it. 2 are pending.
Vipul Hvac Solution was incorporated on 08 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Vipul Hvac Solution by revenue are Technocarb Metals & Tools Private Limited, Pharvinex Chempharm Private Limited, Arth Technocrats Private Limited, Utkal Automotive Private Limited, Ecohive Technologies Private Limited and 5 more, all in the same principal business activity (wholesale trading).
Nirupa Bipinbhai Kachhadiya was appointed as Director on 29 Sep 2018. Bipin Vallabhbhai Kachhadiya was appointed as Director on 08 Sep 2018. Miraben Vipulbhai Kachhadiya was appointed as Director on 08 Sep 2018. Vipul Hvac Solution has 4 board changes on record in total.
Yes, Vipul Hvac Solution is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Vipul Hvac Solution is registered as a small enterprise under Udyam registration (number: UDYAM-GJ-22-0010341).