MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-KR-02-0007886
VTS TF Air Systems Private Limited - machinery and equipment in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
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 5 peer companies in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 2 larger and 3 smaller; the largest is Gem Equipments Private Limited with revenue of ₹94.82 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
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
Contact details
VTS TF Air Systems Private Limited's registered office is in Bengaluru, Karnataka. Its website is vtsgroup.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressSurvey No. 13/1 Kanekal Village, Doddadunnasandra Post Hosakote Taluk, Bengaluru, Karnataka, India – 560117
- IndustryMachinery and Equipment, Industrial Compressors & Pneumatic Systems
To see the full contact details of VTS TF Air Systems Private Limited, buy the company report.
Comprehensive company report
VTS TF Air Systems 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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Secure checkout · GST invoice included
Brands
VTS TF Air Systems operates one associated brand: VTS Group. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| HVAC equipment including air handlers, curtains, and heaters is manufactured. | vtsgroup.com |
Business activity
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 code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of VTS TF Air Systems Private Limited, buy the company report.
Financials of VTS TF Air Systems Private Limited
FY 2025 filings availableVTS 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)
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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
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| Total Expenses | |||||
| EBITDA | ₹11.72 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.42 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.6% | ||||
| Net Profit Margin | 6.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of VTS TF Air Systems Private Limited, buy the company report.
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
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Joby Cherappurath Mathew | Director | 12 Feb 2014 | 12 Years 8 Months | Current |
| Raghavendra | Company Secretary | 01 Jun 2015 | 11 Years 4 Months | Current |
| Chittendra Kumar Sahoo | Director | 15 May 2023 | 3 Years 5 Months | Current |
Peer comparison
VTS TF Air Systems Private Limited is compared with the 5 companies closest to it by revenue in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| 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 | |||
| VTS TF Air Systems Private Limitedthis company | ₹92.64 Cr (FY 2025) | ₹6.42 Cr | 6.9% | -13.0% | 44 | Bengaluru, Karnataka, 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 |
To see the full peer comparison of VTS TF Air Systems Private Limited, buy the company report.
Auditor
VTS TF Air Systems Private Limited is audited by Varma & Varma for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Varma & Varma | FY 2023 | 004532S |
Shareholding
The shareholding of VTS TF Air Systems 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 VTS TF Air Systems Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.35 Cr
Satisfied charges
₹35.34 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Sep 2025 | 101166809 | Idbi Bank Limited | ₹1.35 Cr | Open | |
| 24 Sep 2015 | 100123598 | Others | ₹10 Cr | Satisfied | |
| 23 Jul 2013 | 10448241 | Deutsche Bank Ag | ₹8 Cr | Satisfied | |
| 23 Jul 2013 | 10448231 | Deutsche Bank Ag | ₹1.75 Cr | Satisfied | |
| 23 Jul 2013 | 10448246 | Deutsche Bank Ag | ₹1.75 Cr | Satisfied |
To see the full charge records of VTS TF Air Systems Private Limited, buy the company report.
Total charge records: 7 View all charges
Deals & funding
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)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Secondary share transfer | Undisclosed | Buyer: VTS Group S.A Seller: Safeman Limited |
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Safeman Limited |
| Jul 2014 | Rights issue | ₹1.2 Cr | Investors: VTS Group S.A |
| Nov 2013 | Funding round | ₹8.39 Cr | Investors: VTS Group S.A |
| Apr 2012 | Secondary share transfer | Undisclosed | Buyer: VTS Group S.A Seller: an individual |
To see the full deal history of VTS TF Air Systems Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
VTS TF Air Systems Private Limited has 26 court cases on record: 25 filed by VTS TF Air Systems, 1 filed against it. 2 cases are pending and 24 are disposed.
Total cases
26
Filed by the company
25
Filed against the company
1
Pending
2
Disposed
24
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 0 | 2 |
| High courts | 4 | 1 | 0 |
Cases on record (5 of 26)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Appeal | Filed by the company against M/S Clean Air Projects India Pvt. Ltd., Rep by Its Authorized Representative | Pending |
| High Court, KARNATAKA | Writ petition | Filed by the company against Bangalore Electricity Supply Company Limited (Bescom) and 1 other | Disposed |
| High Court, KARNATAKA | Appeal | Filed by the company against M/S Clean Air Projects India Pvt Ltd and 1 other | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S. Empire Cooling Solutions Private Limited | Disposed |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against M/S. JBS Technic Private Limited and 6 others | Disposed |
To see the full case history of VTS TF Air Systems 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
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)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| BKB Extrusion Private Limited | |||
| R S Airfiltec Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of VTS TF Air Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
VTS TF Air Systems Private Limited has a workforce of 44 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
44
Active EPFO establishments
1
Employee growth
-4.35%
GST
VTS TF Air Systems has 5 GST registrations: 2 active and 3 cancelled or inactive.
Total GSTINs
5
Active
2
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AACCC6263C1ZT | Karnataka | Active | 01 Jul 2017 |
| 27AACCC6263C1ZX | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of VTS TF Air Systems Private Limited, buy the company report.
Recent activity
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 in the company report.
Frequently asked questions
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 has 3 current directors and KMP:
- Joby Cherappurath Mathew - Director
- Chittendra Kumar Sahoo - Director
- Raghavendra - Company Secretary
The latest financial statements of VTS TF Air Systems 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 2015 are in the company report.
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 Gem Equipments Private Limited, Star Coolers and Condensers Private Limited, Swegon Blue Box Private Limited, Elgi Sauer Compressors Limited, Bock Compressors India Private Limited, all in the Machinery and Equipment industry (Compressors), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
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.
Yes, VTS TF Air Systems is registered as a medium enterprise under Udyam registration (number: UDYAM-KR-02-0007886).
VTS TF Air Systems has 21 MSME Form 1 returns on record between 2019 and 2024, listing 5,936 overdue payments to 73 micro and small suppliers. The latest return was filed on 17 Apr 2024.