About Volga Air Technics Limited
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Volga Air Technics Limited is a public limited company based in Gujarat, India. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 16 April 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U99999GJ1993PLC019296. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹9 Cr and a paid-up capital of ₹8.13 Cr. It is led by directors including Mahendrakumar Sankalchand Bhalavat (Managing Director) and Atulkumar Jayantilal Shah.
Its last annual general meeting (AGM) was held on 28 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office is at Plot No.472 & 478 Villegechangodara Ta. Sanand Dist.Ahmedabad., Gujarat, India.
As per the financials filed for FY 2018, the company reported a revenue of ₹27,215, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹2.48 Lakh and EBITDA of -₹2.48 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 14% over three years.
As per MCA filings, the company has open charges of ₹2 Cr and satisfied charges of ₹5.55 Cr on record. Court records list 31 cases involving the company, including 10 filed by the company and 21 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website volgasolar.in.
Company details
CIN history
Volga Air Technics has one previous CIN (Corporate Identification Number): L99999GJ1993PLC019296. The current CIN is U99999GJ1993PLC019296, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U99999GJ1993PLC019296 | Current |
| L99999GJ1993PLC019296 | Previous |
Contact details
Volga Air Technics Limited's registered office is in Gujarat. Its website is volgasolar.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressPlot No.472 & 478 Villegechangodara Ta. Sanand Dist.Ahmedabad., Gujarat, India
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
To see the full contact details of Volga Air Technics 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
Financials of Volga Air Technics Limited
FY 2018 filings availableVolga Air Technics Limited reported revenue of ₹27,215 (down 98% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 14% over three years, including a 98% fall 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 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹27,215 | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹2.48 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹2.48 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
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | ||||
| Net Profit Margin | ||||
| 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 Volga Air Technics Limited, buy the company report.
Board of directors of Volga Air Technics Limited
Volga Air Technics has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahendrakumar Sankalchand Bhalavat Also directs: V R F Engineers Pvt Ltd | Managing Director | 16 Apr 1993 | 33 Years 6 Months | Current |
| Atulkumar Jayantilal Shah | Director | 16 Sep 2004 | 22 Years 1 Months | Current |
| Sweta Riteshkumar Shah Also directs: Medikus LLP | Director | 16 Sep 2004 | 22 Years 1 Months | Current |
Peer comparison
Volga Air Technics Limited is compared with the 10 companies closest to it by revenue in the Machinery and Equipment industry (Compressors), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zenith Machine Tools Private Limited | ₹49,045 (FY 2017) | -100.0% | Hubli, Karnataka, India | |||
| Shrisailaa Technologies Private Limited | ₹48,000 (FY 2024) | -78.0% | Thane, Maharashtra, India | |||
| Teamwork Services (Hvac) Private Limited | ₹46,018 (FY 2025) | Mumbai, Maharashtra, India | ||||
| Therm Technology and Heat Transfer Private Limited | ₹43,936 (FY 2020) | Bangalore, Karnataka, India | ||||
| Maxcool Technologies (India) Private Limited | ₹36,728 (FY 2017) | Navi Mumbai, Maharashtra, India | ||||
| Volga Air Technics Limitedthis company | ₹27,215 (FY 2018) | -₹2.48 Lakh | -98.0% | Gujarat, India | ||
| Turbokopar Industries India Private Limited | ₹22,808 (FY 2025) | 5.0% | Hyderabad, Telangana, India | |||
| Globspec India Private Limited | ₹20,408 (FY 2025) | Mumbai, Maharashtra, India | ||||
| Nipra Storage Systems Private Limited | ₹18,180 (FY 2025) | 17.0% | Indore, Madhya Pradesh, India | |||
| Alltemp Sustainable Refrigerants India Private Limited | ₹18,124 (FY 2025) | -94.0% | New Delhi, Delhi, India | |||
| Mridul Engineers Private Limited | ₹18,000 (FY 2025) | -85.0% | New Delhi, Delhi, India |
To see the full peer comparison of Volga Air Technics Limited, buy the company report.
Auditor
Volga Air Technics Limited is audited by M A A K & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M A A K & ASSOCIATES | FY 2018 | 135024W |
Shareholding
The shareholding of Volga Air Technics Limited is on record for 4 financial years, the latest being FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Volga Air Technics Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 12 Oct 1995 | 80013132 | Industrial Development Bank of India Limited | ₹2 Cr | Open | |
| 16 Oct 2009 | 10183781 | Alpha Nippon Innovatives Limited | ₹15 Lakh | Satisfied | |
| 25 Aug 1995 | 80013130 | Gujarat Industrial Investment Corporation Limited | ₹2 Cr | Satisfied | |
| 10 Apr 1995 | 80013129 | Central Bank of India | ₹2.45 Cr | Satisfied | |
| 11 Oct 1994 | 80013135 | Gujarat Industrial Investment Corporation Limited | ₹15 Lakh | Satisfied |
To see the full charge records of Volga Air Technics Limited, buy the company report.
Total charge records: 6 View all charges
Legal cases
Volga Air Technics Limited has 31 court cases on record: 10 filed by Volga Air Technics, 21 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 26 | 18 | 0 |
| High courts | 5 | 3 | 0 |
Cases on record (5 of 31)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Gujarat Industrial Investment Corporation Limited | Disposed |
| District court, Ahmedabad, Gujarat | Commercial matter | Filed against the company by Gujarat Industrial Investment Corporation Limited | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed against the company by Gujarat Industrial Investment Corporation Ltd | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (S S) | Filed against the company by Rajco Metal Industries Pvt.Ltd. | Disposed |
| District court, Ahmedabad, Gujarat | Court case (RECO33C 2 LC) | Filed against the company by an individual | Disposed |
To see the full case history of Volga Air Technics 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 Volga Air Technics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Volga Air Technics has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Volga Air Technics Limited, buy the company report.
Recent activity
Volga Air Technics Limited has 4 board changes on record since 1993: 3 appointments and 1 cessation. The latest: Dilipbhai Chimanbhai Desai ceased to be Director on 25 Feb 2010.
11 earlier events are in the company report.
Frequently asked questions
Volga Air Technics is an active public limited company based in Gujarat, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 16 April 1993 (33+ years old) and is registered under CIN U99999GJ1993PLC019296.
Volga Air Technics has 3 current directors:
- Mahendrakumar Sankalchand Bhalavat - Managing Director
- Atulkumar Jayantilal Shah - Director
- Sweta Riteshkumar Shah - Director
The latest financial statements of Volga Air Technics on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 28 September 2018. Year-wise statements from 2015 are in the company report.
No. Volga Air Technics has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Volga Air Technics is U99999GJ1993PLC019296. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Volga Air Technics has 31 court cases on record: 10 filed by the company and 21 filed against it. Most are in the district courts.
Volga Air Technics was incorporated on 16 April 1993, making it 33+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Volga Air Technics by revenue are Zenith Machine Tools Private Limited, Shrisailaa Technologies Private Limited, Teamwork Services (Hvac) Private Limited, Therm Technology and Heat Transfer Private Limited, Maxcool Technologies (India) Private Limited and 5 more, all in the Machinery and Equipment industry (Compressors).
Dilipbhai Chimanbhai Desai ceased to be Director on 25 Feb 2010. Atulkumar Jayantilal Shah was appointed as Director on 16 Sep 2004. Sweta Riteshkumar Shah was appointed as Director on 16 Sep 2004. Volga Air Technics has 4 board changes on record in total.
Volga Air Technics can be reached through the website volgasolar.in. Its registered office is in Gujarat, India.
The registered office of Volga Air Technics is at Plot No.472 & 478 Villegechangodara Ta. Sanand Dist.Ahmedabad., Gujarat, India.
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