About Zeco Aircon Limited
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Zeco Aircon Limited is a public limited company based in New Delhi, Delhi, India. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 07 July 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1995PLC070597. Its GSTIN is 07AAACZ0195N2ZV (Delhi). The company holds 8 GST registrations, of which 4 are active.
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹8.15 Cr. It was formerly known as Zeco Aircon Industries Limited and Zeco Aircon Industries Private Limited. It is led by directors including Srinivasan Vijayaraghavan (Managing Director) and Sujata Wuthoo.
Its last annual general meeting (AGM) was held on 28 February 2025, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Office No. 105 First Floor, Padma Tower I Rajendra Place, New Delhi, Delhi, India – 110008.
As per the financials filed for FY 2024, the company reported a revenue of ₹36,982, a decline of 10% compared to the previous year. For the same year it recorded a net loss of ₹1,477 (net margin -4%) and EBITDA of ₹1,295 (EBITDA margin 3.5%). Revenue has declined at a compounded annual rate (CAGR) of 97% over three years and 89% over five years.
The company is associated with 1 brand: Zeco Aircon. As per MCA filings, the company has open charges of ₹65 Cr and satisfied charges of ₹235.2 Cr on record. Court records list 299 cases involving the company, including 262 filed by the company and 37 filed against it; 35 cases are pending. The company has 17 deals on record (10 secondary share transfers, 7 funding rounds), with disclosed funding of ₹10.5 Cr; the latest was in October 2023. The company has 4 MSME Form 1 returns on record between 2019 and 2024, listing 497 overdue payments to 37 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website zecoaircon.com.
Company details
Name history
Zeco Aircon has undergone 3 name changes throughout its history. The company was previously known as Zeco Aircon Industries Limited, Zeco Aircon Industries Private Limited, and Zeco Aircon Industries Limited. The current legal name is Zeco Aircon Limited.
| Company Name | Status |
|---|---|
| Zeco Aircon Limited | Current |
| Zeco Aircon Industries Limited | Previous |
| Zeco Aircon Industries Private Limited | Previous |
| Zeco Aircon Industries Limited | Previous |
CIN history
Zeco Aircon has one previous CIN (Corporate Identification Number): U74899DL1995PTC070597. The current CIN is U74899DL1995PLC070597, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899DL1995PLC070597 | Current |
| U74899DL1995PTC070597 | Previous |
Contact details
Zeco Aircon Limited's registered office is in New Delhi, Delhi. Its website is zecoaircon.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressOffice No. 105 First Floor, Padma Tower I Rajendra Place, New Delhi, Delhi, India – 110008
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
To see the full contact details of Zeco Aircon 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
Brands
Zeco Aircon operates one associated brand: Zeco Aircon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| HVAC systems and air distribution solutions are manufactured and designed. | zecoaircon.com |
Business activity
The main business activity of Zeco Aircon 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 Zeco Aircon Limited, buy the company report.
Financials of Zeco Aircon Limited
FY 2024 filings availableZeco Aircon Limited reported revenue of ₹36,982 (down 10% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 89% over five years, including a 10% fall in the latest year. EBITDA fell 80% 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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| EBITDA | ₹1,295 | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | -₹1,477 | ||||
| Balance Sheet | |||||
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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 | 3.5% | ||||
| Net Profit Margin | -4% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
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To see the full financial statements and ratios of Zeco Aircon Limited, buy the company report.
Board of directors of Zeco Aircon Limited
Zeco Aircon has 3 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sujata Wuthoo | Additional Director | 16 Oct 2023 | 3 Years 0 Months | Current |
| Per Kaspar Henrik Kirchmann Also directs: Munters India Humidity Control Private Limited | Additional Director | 16 Oct 2023 | 3 Years 0 Months | Current |
| Srinivasan Vijayaraghavan | Managing Director | 03 Oct 2024 | 2 Years 0 Months | Current |
Auditor
Zeco Aircon Limited is audited by RAMPAL GUPTA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAMPAL GUPTA & ASSOCIATES | FY 2023 | 007132N |
Shareholding
The shareholding of Zeco Aircon 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 Zeco Aircon Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Jan 2006 | 80001698 | Others | ₹65 Cr | Open | |
| 28 Aug 2023 | 100780959 | Others | ₹25 Cr | Satisfied | |
| 22 Jul 2023 | 100756743 | Others | ₹11.37 Cr | Satisfied | |
| 22 Jul 2023 | 100756745 | Others | ₹2.62 Cr | Satisfied | |
| 22 Jul 2023 | 100756751 | Others | ₹2.62 Cr | Satisfied |
To see the full charge records of Zeco Aircon Limited, buy the company report.
Total charge records: 52 View all charges
Deals & funding
Zeco Aircon Limited has 17 deals on record (10 secondary share transfers, 7 funding rounds), with disclosed funding of ₹10.5 Cr; the latest was in October 2023.
Deals on record (5 of 17)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2023 | Secondary share transfer | Undisclosed | Buyer: Munters India Humidity Control Private Limited & Vinay Shinde, Munters India Humidity Control Private Limited & Nikhil Padte, Munters India Humidity Control Private Limited & Sandeep Kildeep Bagwe Seller: 4 individuals |
| Nov 2011 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Zeco Realty Developers Private Limited |
| Mar 2009 | Funding round | ₹2.51 Cr | Investors: Zeco Realty Developers Private Limited , an individual |
| Nov 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Zeco Realty Developers Private Limited |
| Oct 2007 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Zeco Realty Developers Private Limited |
To see the full deal history of Zeco Aircon 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
Zeco Aircon Limited has 299 court cases on record: 262 filed by Zeco Aircon, 37 filed against it. 35 cases are pending and 264 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 280 | 26 | 30 |
| High courts | 18 | 11 | 4 |
| Supreme Court | 1 | 0 | 1 |
Cases on record (5 of 299)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Jhajjar, Haryana | Appeal | Filed against the company by M/S Vision Control Products Private Ltd. Through Its Directors and 1 other | Pending |
| District court, North Twenty Four Parganas, West Bengal | Court case (TS (Com)) | Filed against the company by Atlas Software Technologies India Private Limited and 1 other | Pending |
| District court, North Twenty Four Parganas, West Bengal | Interim or miscellaneous application | Filed against the company by Atlas Software Technologies India Private Limited and 1 other | Pending |
| District court, Jhajjar, Haryana | Cheque dishonour complaint | Filed by the company against M/S. Cooling Equipments Pvt. Ltd. Through Managing Directors | Pending |
| District court, BENGALURU, Karnataka | Appeal | Filed by the company against M/S Kool Nest Pvt Ltd | Pending |
To see the full case history of Zeco Aircon 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.
Credit ratings & regulatory alerts
Zeco Aircon Limited was last rated by Crisil on 04 Feb 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 04 Feb 2020 |
To see the full credit ratings and regulatory alerts of Zeco Aircon Limited, buy the company report.
MSME payment delays
Zeco Aircon Limited has 4 MSME Form 1 returns on record between 2019 and 2024, listing 497 overdue payments to 37 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 37)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Vibrosolve India Private Limited | |||
| Sterimed Surgicals (India) Private Limited | |||
| an individual supplier | |||
| Essen Indpro Private Limited | |||
| Kanwal Industrial Corporation |
To see the full MSME payment records of Zeco Aircon Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Zeco Aircon has 8 GST registrations: 4 active and 4 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACZ0195N2ZV | Delhi | Active | 24 Jul 2017 |
| 06AAACZ0195N1ZY | Haryana | Active | 01 Jul 2017 |
| 27AAACZ0195N1ZU | Maharashtra | Active | 01 Jul 2017 |
| 29AAACZ0195N1ZQ | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Zeco Aircon Limited, buy the company report.
Recent activity
Zeco Aircon Limited has 24 board changes on record since 2010: 5 appointments and 19 cessations. The latest: Srinivasan Vijayaraghavan was appointed as Managing Director on 03 Oct 2024.
125 earlier events are in the company report.
Frequently asked questions
Zeco Aircon is an active public limited company based in New Delhi, Delhi, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 07 July 1995 (31+ years old) and is registered under CIN U74899DL1995PLC070597.
Zeco Aircon has 3 current directors:
- Srinivasan Vijayaraghavan - Managing Director
- Sujata Wuthoo - Additional Director
- Per Kaspar Henrik Kirchmann - Additional Director
The latest financial statements of Zeco Aircon on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 28 February 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Zeco Aircon is 07AAACZ0195N2ZV, registered in Delhi. The company has 8 GST registrations in all, of which 4 are active and 4 are cancelled or inactive. Other active GSTINs include 06AAACZ0195N1ZY (Haryana), 27AAACZ0195N1ZU (Maharashtra), 29AAACZ0195N1ZQ (Karnataka).
The CIN (Corporate Identification Number) of Zeco Aircon is U74899DL1995PLC070597. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Zeco Aircon has 299 court cases on record: 262 filed by the company and 37 filed against it. 35 are pending. Most are in the district courts.
Zeco Aircon was incorporated on 07 July 1995, making it 31+ years old. It is registered with the Registrar of Companies, Delhi.
Zeco Aircon has 17 deals on record (10 secondary share transfers, 7 funding rounds), with disclosed funding of ₹10.5 Cr; the latest was in October 2023.
Srinivasan Vijayaraghavan was appointed as Managing Director on 03 Oct 2024. Srinivasan Vijayaraghavan ceased to be Additional Director on 03 Oct 2024. Nikhil Madhukar Padte was appointed as Additional Director on 16 Oct 2023. Zeco Aircon has 24 board changes on record in total.
Zeco Aircon has 4 MSME Form 1 returns on record between 2019 and 2024, listing 497 overdue payments to 37 micro and small suppliers. The latest return was filed on 07 Jun 2024.
Zeco Aircon can be reached through the website zecoaircon.com. Its registered office is in New Delhi, Delhi, India.