VTS TF Air Systems Private Limited

VTS TF Air Systems Private Limited - machinery and equipment in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
CIN U29192KA2005PTC036130 Incorporated 21 April 2005 ROC Bangalore HQ Bengaluru, Karnataka, India
Active Private Limited Company machinery and equipment MSME · Medium
Data last updated
Revenue · FY 2025
₹92.64 Cr
▼ 13% YoY
Net profit · FY 2025
₹6.42 Cr
Net margin 6.9%
EBITDA · FY 2025
₹11.72 Cr
EBITDA margin 12.6%
Authorised capital
₹22 Cr
Registered with MCA
Paid-up capital
₹21.77 Cr
Issued & subscribed
Open charges
₹1.35 Cr
Satisfied ₹35.34 Cr
Company age
21 yrs
Est. 2005
Employees · EPFO
44
Provident fund records

About VTS TF Air Systems Private Limited

Data last updated:

VTS TF Air Systems Private Limited is a private limited company based in Bengaluru, Karnataka, India, a subsidiary of Vts Group Sa. It operates in the industrial compressors and pneumatic systems segment of the machinery and industrial equipment sector. It was incorporated on 21 April 2005 and has been in existence for over 21 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U29192KA2005PTC036130. Its GSTIN is 29AACCC6263C1ZT (Karnataka). The company holds 5 GST registrations, of which 2 are active.

The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹21.77 Cr. It was formerly known as Clivet Tf Air Systems Private Limited. It is led by directors Joby Cherappurath Mathew and Chittendra Kumar Sahoo.

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 Bengaluru, Karnataka.

As per the financials filed for FY 2025, the company reported a revenue of ₹92.64 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹6.42 Cr (net margin 6.9%) and EBITDA of ₹11.72 Cr (EBITDA margin 12.6%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 6% over five years.

The company has about 44 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: VTS Group. As per MCA filings, the company has open charges of ₹1.35 Cr and satisfied charges of ₹35.34 Cr on record. Court records list 26 cases involving the company, including 25 filed by the company and 1 filed against it; 2 cases are pending. The company has 14 deals on record (7 secondary share transfers, 6 funding rounds, 1 rights issue), with disclosed funding of ₹43.06 Cr; the latest was in March 2021. Its 10 peer companies in the Machinery and Equipment industry (Compressors) are compared by revenue, 5 larger and 5 smaller; the largest is Akg India Private Limited with revenue of ₹96.24 Cr. The company has 21 MSME Form 1 returns on record between 2019 and 2024, listing 5,936 overdue payments to 73 micro and small suppliers.

VTS TF Air Systems Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-02-0007886). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vtsgroup.com.

Company Details of VTS TF Air Systems Private Limited
CIN U29192KA2005PTC036130
Registration Number 036130
Incorporation Date 21 April 2005
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Vts Group Sa
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-KR-02-0007886
Key People
Joby Cherappurath Mathew Director Raghavendra Company Secretary Chittendra Kumar Sahoo Director

Recognitions & Rankings of VTS TF Air Systems

MSME (Udyam registered) Ministry of MSME
Category
Medium (2024-25)
Udyam number
UDYAM-KR-02-0007886
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    vtsgroup.com
  • Social Media
  • Registered Address
    Survey No. 13/1 Kanekal Village, Doddadunnasandra Post Hosakote Taluk, Bengaluru, Karnataka, India – 560117
  • Industry
    Machinery and Equipment, Industrial Compressors & Pneumatic Systems
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Financials, compliance, directors, charges, ownership and filings for VTS TF Air Systems Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Associated Brands with VTS TF Air Systems Private Limited

VTS TF Air Systems operates one associated brand: VTS Group. Each brand links to its own profile.

BrandDescriptionWebsite
VTS Group
HVAC equipment including air handlers, curtains, and heaters is manufactured.vtsgroup.com

Business Activity of VTS TF Air Systems Private Limited

The main business activity of VTS TF Air Systems is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC10Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipmentLocked
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Turnover share and past changes in activity are in the company report.

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Financials of VTS TF Air Systems Private Limited FY 2025 filings available

VTS TF Air Systems Private Limited reported revenue of ₹92.64 Cr (down 13% YoY) for FY 2025.

Revenue · FY 2025
₹92.64 Cr ▼ 13%
Net profit · FY 2025
₹6.42 Cr margin 6.9%
EBITDA · FY 2025
₹11.72 Cr margin 12.6%

Compounded Annual Growth Rate (CAGR) of VTS TF Air Systems Private Limited

Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 5%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▼ 19%
3 years · compounded
▲ 37%
5 years · compounded
▲ 99%

Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 19% 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 VTS TF Air Systems Private Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹11.72 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹6.42 Cr••••••••••••••••
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 VTS TF Air Systems Private Limited

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin12.6%••••••••••••••••
Net Profit Margin6.9%••••••••••••••••
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 VTS TF Air Systems are in the company report.

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Financial statements from 2015

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Board of Directors and KMP of VTS TF Air Systems Private Limited

VTS TF Air Systems Private Limited currently reports 2 directors and 1 key managerial person. 12 former directors have served the organization.

Current Directors and KMP
NameDesignationAppointment DateTenureStatus
Joby Cherappurath MathewDirector12 Feb 201412 Years 8 MonthsCurrent
Raghavendra
Also directs: Bartleby Technologies Private Limited, Harnessio R&D Labs India Private Limited, Odt India Center of Excellence Private Limited and 3 more
Company Secretary01 Jun 201511 Years 4 MonthsCurrent
Chittendra Kumar SahooDirector15 May 20233 Years 5 MonthsCurrent
View all directors and KMP

Peer Comparison of VTS TF Air Systems Private Limited

VTS TF Air Systems Private Limited is compared with the companies closest to it by revenue in the Machinery and Equipment industry (Compressors). Net profit, margin and employee counts of each company are in the company report.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Akg India Private Limited₹96.24 Cr (FY 2021)••••••••57.0%••••Coimbatore, Tamil Nadu, India
Hvax Technologies Limited₹96.14 Cr (FY 2023)••••••••40.0%••••Mumbai, Maharashtra, India
Gem Equipments Private Limited₹94.82 Cr (FY 2025)••••••••6.0%••••Coimbatore, Tamil Nadu, India
Star Coolers and Condensers Private Limited₹93.4 Cr (FY 2023)••••••••21.0%••••Jalgaon, Maharashtra, India
Pentagon El - Mech Solutions Private Limited₹93.39 Cr (FY 2025)••••••••4.0%••••Mumbai, Maharashtra, India
VTS TF Air Systems Private Limited this company₹92.64 Cr (FY 2025)••••••••-13.0%••••Bengaluru, Karnataka, India
Estra Automotive Systems India Private Limited₹90.79 Cr (FY 2025)••••••••-19.0%••••Gautam Budh Nagar, Uttar Pradesh, India
Swegon Blue Box Private Limited₹90.13 Cr (FY 2025)••••••••-12.0%••••Khoni Taloja Road Ambarnath, Maharashtra, India
Elgi Sauer Compressors Limited₹83.92 Cr (FY 2025)••••••••19.0%••••Coimbatore, Tamil Nadu, India
Bock Compressors India Private Limited₹80.63 Cr (FY 2025)••••••••53.0%••••Vadodara, Gujarat, India
Kaishan Machinery (India) Private Limited₹79.86 Cr (FY 2025)••••••••30.0%••••Mumbai, Maharashtra, India

Peers are the five companies nearest above and the five nearest below VTS TF Air Systems by revenue in the Machinery and Equipment industry (Compressors), 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 VTS TF Air Systems Private Limited

VTS TF Air Systems Private Limited is audited by Varma & Varma for the financial year 2023.

NameStatusAppointment DateCessation Date
Varma & VarmaLockedLockedLocked
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Ownership and Shareholding of VTS TF Air Systems Private Limited

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Charges & Borrowings of VTS TF Air Systems Private Limited

Open charges
₹1.35 Cr
Satisfied charges
₹35.34 Cr
Breakdown by lending institutions
Idbi Bank Limited₹1.35 Cr
Latest charge details
DateLenderAmountStatus
18 Sep 2025Idbi Bank Limited₹1.35 CrOpen
24 Sep 2015Others₹10 CrSatisfied
23 Jul 2013Deutsche Bank Ag₹8 CrSatisfied
23 Jul 2013Deutsche Bank Ag₹1.75 CrSatisfied
23 Jul 2013Deutsche Bank Ag₹1.75 CrSatisfied

Total charge records: 7 View all charges

Deals & Funding of VTS TF Air Systems Private Limited

VTS TF Air Systems Private Limited has 14 deals on record (7 secondary share transfers, 6 funding rounds, 1 rights issue), with disclosed funding of ₹43.06 Cr; the latest was in March 2021.

Total deals
14
Secondary share transfers
7
Funding rounds
6
Rights issue
1
Disclosed funding
₹43.06 Cr

Deals on record (5 of 14)

WhenDealAmountParties
Mar 2021Secondary share transferUndisclosedBuyer: VTS Group S.A
Seller: Safeman Limited
Mar 2019Secondary share transferUndisclosedBuyer: an individual
Seller: Safeman Limited
Jul 2014Rights issue₹1.2 CrInvestors: VTS Group S.A
Nov 2013Funding round₹8.39 CrInvestors: VTS Group S.A
Apr 2012Secondary share transferUndisclosedBuyer: VTS Group S.A
Seller: an individual
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

MSME Payment Delays by VTS TF Air Systems Private Limited

VTS TF Air Systems Private Limited has 21 MSME Form 1 returns on record between 2019 and 2024, listing 5,936 overdue payments to 73 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 73)

SupplierAmount dueDue sinceReported on
an individual supplier••••••••••••
BKB Extrusion Private Limited••••••••••••
R S Airfiltec Private Limited••••••••••••
an individual supplier••••••••••••
an individual supplier••••••••••••
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Full MSME payment history

Every supplier, amount and due date from all 21 MSME Form 1 returns is in the company report.

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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 VTS TF Air Systems Private Limited

VTS TF Air Systems Private Limited has a workforce of 44 employees as of Apr 01, 2024.

Employee count
44
Active EPFO establishments
1
Employee growth
-4.35%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on VTS TF Air Systems Private Limited

VTS TF Air Systems Private Limited has 27 board changes on record since 2005: 15 appointments and 12 cessations. The latest: Faizal Babu Pallathody ceased to be Director on 15 Jan 2024.

AGM
Vts Tf Air Systems Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Idbi Bank Limited amounted to Rs. 1.35 Cr with Charge ID 101166809 was registered on 18 Sep 2025.
Filing
Vts Tf Air Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Faizal Babu Pallathody ceased to be Director.
Appointed
Chittendra Kumar Sahoo was appointed as Director.
Ceased
Hanna Barbara Siek ceased to be Director.
Charges
A charge registered on 23 Jul 2013 via Charge ID 10448241 with Deutsche Bank Ag was fully satisfied on 10 Jul 2021.
Charges
A charge registered on 24 Sep 2015 via Charge ID 100123598 with Others was fully satisfied on 15 Jun 2021.
Charges
A charge registered on 23 Jul 2013 via Charge ID 10448231 with Deutsche Bank Ag was fully satisfied on 15 Jun 2021.
Charges
A charge registered on 23 Jul 2013 via Charge ID 10448246 with Deutsche Bank Ag was fully satisfied on 15 Jun 2021.
Ceased
Manish Kumar Dhamija ceased to be Director.
Appointed
Faizal Babu Pallathody was appointed as Director.

32 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for VTS TF Air Systems Private Limited

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Subsidiaries & Group Companies of VTS TF Air Systems Private Limited

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GST Compliance of VTS TF Air Systems Private Limited

VTS TF Air Systems has 5 GST registrations: 2 active and 3 cancelled or inactive.

Total GSTINs
5
Active
2
Cancelled / inactive
3
GSTINStateStatusRegistered on
29AACCC6263C1ZTKarnatakaActive01 Jul 2017
27AACCC6263C1ZXMaharashtraActive01 Jul 2017
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MCA Filings & Documents of VTS TF Air Systems Private Limited

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Related news about VTS TF Air Systems Private Limited

VTS Launches Office Portal in New York
24 Jun 2020 · Onlinemarketplaces

Frequently Asked Questions about VTS TF Air Systems Private Limited

VTS TF Air Systems is an active private limited company based in Bengaluru, Karnataka, India. The company works in industrial compressors and pneumatic systems, within the machinery and equipment industry. It was incorporated on 21 April 2005 (21+ years old) and is registered under CIN U29192KA2005PTC036130.

VTS TF Air Systems reported revenue of ₹92.64 Cr for FY 2025 (down 13% YoY).

VTS TF Air Systems has 3 current directors and KMP:

VTS TF Air Systems reported a net profit of ₹6.42 Cr (net margin 6.9%) and EBITDA of ₹11.72 Cr (EBITDA margin 12.6%) for FY 2025, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of VTS TF Air Systems is 5% over three years and 6% over five years. In the latest year (FY 2025) revenue fell 13%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of VTS TF Air Systems is 29AACCC6263C1ZT, registered in Karnataka. The company has 5 GST registrations in all, of which 2 are active and 3 are cancelled or inactive. Other active GSTINs include 27AACCC6263C1ZX (Maharashtra).

The CIN (Corporate Identification Number) of VTS TF Air Systems is U29192KA2005PTC036130. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

VTS TF Air Systems has 26 court cases on record: 25 filed by the company and 1 filed against it. 2 are pending. Most are in the district courts.

VTS TF Air Systems was incorporated on 21 April 2005, making it 21+ years old. It is registered with the Registrar of Companies, Bangalore.

VTS TF Air Systems has 14 deals on record (7 secondary share transfers, 6 funding rounds, 1 rights issue), with disclosed funding of ₹43.06 Cr; the latest was in March 2021.

The peers of VTS TF Air Systems by revenue are Akg India Private Limited, Hvax Technologies Limited, Gem Equipments Private Limited, Star Coolers and Condensers Private Limited, Pentagon El - Mech Solutions Private Limited and 5 more, all in the Machinery and Equipment industry (Compressors).

Faizal Babu Pallathody ceased to be Director on 15 Jan 2024. Chittendra Kumar Sahoo was appointed as Director on 15 May 2023. Hanna Barbara Siek ceased to be Director on 15 May 2023. VTS TF Air Systems has 27 board changes on record in total.

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